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Camelia Kuhnen

Camelia M. Kuhnen

Assistant Professor of Finance

Finance Department

Ph.D. in Finance, Stanford Graduate School of Business, June 2006; B.S. in Finance, Massachusetts Institute of Technology, June 2001; B.S. in Brain & Cognitive Sciences, Massachusetts Institute of Technology, June 2001

 
Academic Positions Held
 

Assistant Professor of Finance
Kellogg School of Management, Northwestern University, July 2006 – present

   
Research Interests
  Empirical Corporate Finance, Behavioral Finance and Economics, Contract Theory, Neuroeconomics / Neurofinance
   
Papers
  I. EMPIRICAL CORPORATE FINANCE

“Social Networks, Corporate Governance and Contracting in the Mutual Fund Industry”, Working paper, November 2005

“Dynamic Contracting in the Mutual Fund Industry”, Working paper, June 2004

“Executive Pay, Hidden Compensation and Managerial Entrenchment” (with Jeffrey Zwiebel), Working paper, November 2006

II. NEUROECONOMICS/EXPERIMENTAL FINANCE

“The Neural Basis of Financial Risk-Taking” (with Brian Knutson), Neuron, 47:763-770, September 2005

“The Impact of Incidental Emotions on Experimental Stock Market Prices” (with Antonio Rangel and Colin Camerer), Working paper, Stanford Graduate School of Business, December 2004

   
Work in Progress
 

"Are Management Fees of Variable Life Insurance Products Too High?"

"Escalation of Commitment and Disinvestment Decisions", with Ulrike Malmendier

"Neural Predictors of Overconfidence in Financial Decision-Making", with Brian Knutson

"Exogenous Manipulation of Nucleus Accumbens and Financial Risk-Seeking" with Brian Knutson, G. Elliott Wimmer and Piotr Winkielman

"The Neuroeconomics of Aging - Individual Differences in Financial Risk Taking Across the Lifespan", with Brian Knutson

   
Grants, Awards and Academic Distinctions
 

2006 NASD Investor Education Foundation Grant for the project "Individual Differences in Financial Risk Taking Across the Lifespan"

2006 Best Paper in Financial Institutions and Regulation, Midwest Finance Association Meeting, Chicago, Illinois

2005 Best Ph.D. Student Paper, Financial Research Association Conference, Las Vegas, Nevada

2003 Jadicke Merit Award for outstanding academic performance, Stanford GSB

2001 MIT Dept. of Brain and Cognitive Sciences Award for outstanding research

   
Refereeing and Program Committees
 

Referee for the Journal of Finance, the American Economic Review, the Economic Journal, Management Science

Program Committee member for the 2007 FMA Annual Meeting

   
Invited Conferences and Presentations
 

January 2007
UNC Finance Conference, Jackson Hole, Wyoming
AFA Meeting, Chicago, Illinois -- discussant

December 2006
California Institute of Technology - HSS Division

November 2006
NBER Corporate Finance Meeting, Boston, Massachusetts
Denison University

October 2006
Yale School of Management
NERA Economic Consulting

September 2006
MIT Sloan School of Management
Society for Neuroeconomics Annual Conference, Park City, Utah

August 2006
Stanford Institute for Theoretical Economics – Psychology & Economics

April 2006
University of Cologne, Germany

March 2006
Midwest Finance Association Meeting, Chicago, USA

February 2006
Boundaries of SEC Regulation Conference, Claremont, California
UCLA Anderson School of Management
Ross School of Business, University of Michigan
Rotman School of Management, University of Toronto
Owen Graduate School of Management, Vanderbilt University
Marshall School of Business, University of Southern California
Carroll School of Management, Boston College
London Business School

January 2006
Kellogg School of Management at Northwestern University
Sauder School of Business, University of British Columbia
Harvard Business School-Finance Group
Harvard Business School-Negotiations, Organizations and Markets Group
Wharton School, University of Pennsylvania
Fuqua School of Business, Duke University
Johnson School, Cornell University
University of Washington Business School
McCombs School of Business, University of Texas at Austin
David Eccles School of Business, University of Utah

December 2005
Financial Research Association Conference, Las Vegas, Nevada
Stern School of Business, New York University
Lundquist College of Business, University of Oregon

October 2005
Northern Finance Association Meeting, Vancouver, Canada

September 2005
SEC Financial Reporting Conference, Irvine, California
Neuroeconomics Conference, Kiawah Island, South Carolina

September 2004
Neuroeconomics Conference, Kiawah Island, South Carolina

May 2004
London Business School Trans-Atlantic Conference, London, UK

July 2004
Summer Institute in Behavioral Economics, Trento, Italy

   
Media Citations
 

April 2006
New York Times, New York Daily News
- on neuroeconomics and “The Neural Basis of Financial Risk Taking”

September 2005
Financial Times
comment letter about the fiduciary duty of mutual fund
directors

Chicago Tribune, Stanford Report, New York Daily News, International Herald Tribune, Forbes, Globe and Mail
- reactions to the paper "The Neural Basis of Financial Risk Taking"

June 2004
USA Today article on potential effects of changes in SEC regulation of the disclosure requirements for investment advisory contracts.

   
Professional Experience
  Summer 2000 Sales & Trading Analyst, Merrill Lynch & Co., New York, NY, USA
   
Personal
  Citizenship: American and Romanian.
Native language: Romanian. Second language: English. Proficient in French.
  last modified 08/31/2006
©2001 Kellogg School of Management, Northwestern University