Tobias J. Moskowitz

University of Chicago
Graduate School of Business
5807 South Woodlawn Ave.
Chicago, IL 60637
(773) 834 2757
tobias.moskowitz@gsb.uchicago.edu

Curriculum Vita

PUBLISHED PAPERS

• Catastrophic Risk and Credit Markets
  (with Mark Garmaise), 2007, forthcoming Journal of Finance.
  
  
• Long-Run Stockholder Consumption Risk and Asset Returns (with Christopher Malloy and Annette Vissing-Jorgensen), 2008, conditionally accepted Journal of Finance.
  
  
• Bank Mergers and Crime: The Real and Social Effects of Credit Market Competition
  (with Mark Garmaise), 2006, Journal of Finance, Vol. 61 No. 2 495-539.
  
  
• Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation
  (with Mark Garmaise and Efraim Benmelech), 2005, Quarterly Journal of Economics, Vol. 120 No. 3, 1121-1154.
  
  
• Market Frictions, Price Delay, and the Cross-Section of Expected Returns
  (with Kewei Hou), 2005, Review of Financial Studies, Vol. 18 No. 3, 981-1020.

*Winner, Q-group research grant award.

•  Testing Agency Theory With Entrepreneur Effort and Wealth
  (with Annette Vissing-Jorgensen and Marianne Bitler), 2004, Journal of Finance, Vol. 60 No. 2, 539-576.

*Distinguished Paper Prize for the 2005 Brattle Prize for the best corporate finance paper published in the Journal of Finance.

• Confronting Information Asymmetries: Evidence from Real Estate Markets
  (with Mark Garmaise), 2004, Review of Financial Studies, Vol. 17 No. 2, 405-437.

*Winner, 2005 Barclays Global Investors (BGI) Michael Brennan Award for the best paper published in the Review of Financial Studies (second prize).

• Predicting Stock Price Movements from Past Returns: The Role of Consistency and Tax-Loss Selling
  (with Mark Grinblatt), 2004, Journal of Financial Economics Vol. 71 No. 3, 541-579.
  
  
• Informal Financial Networks: Theory and Evidence
  (with Mark Garmaise), 2003, Review of Financial Studies, Vol. 16 No. 4, 1007-1040.

*Winner, 2004 Barclays Global Investors (BGI) Michael Brennan Award for the best paper published in the Review of Financial Studies (first prize).

• An Analysis of Covariance Risk and Pricing Anomalies, 2003, Review of Financial Studies, Vol. 16 No. 2, 417-457.
  
  
• The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?
  (with Annette Vissing-Jorgensen), 2002, American Economic Review, Vol. 92 No. 4, 745-778.
  
  
• The Geography of Investment: Informed Trading and Asset Prices
  (with Josh Coval), 2001, Journal of Political Economy, No. 4, Vol. 109, 811-841.
  
  
• Discussion of Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transactions Costs, and Expenses, 2000, Journal of Finance, 55, 1695-1704.
  
  
• Home Bias at Home: Local Equity Preference in Domestic Portfolios
  (with Josh Coval), 1999, Journal of Finance , 54, 2045-2074.

*Winner, 2000 Smith-Breeden Prize for the best paper published in the Journal of Finance (first prize).

• Do Industries Explain Momentum?
  (with Mark Grinblatt), 1999, Journal of Finance, 54, 1249-1290.
  

WORKING PAPERS

• The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century (with Efraim Benmelech), 2007, Working paper. **Updated 08/07**
  
  
• How do Economies Respond to Capital Shocks? Evidence from Natural Disasters
  (with Ali Hortacsu and Atonu Rabbani), 2007, Working paper. **Coming soon**
  
  
• Soft and Hard Information in Lending: Evidence from Commercial Property Loan Conctracts (with Mark Garmaise and Efraim Benmelech and Jeremy Stein ), 2007, Working paper. **Coming soon**
  
  
• Value and Momentum Across Asset Classes (with Clifford Asness and Lasse Pedersen ), 2008, Working paper. **Coming soon**