Henrik Cronqvist

Professor
Vice Dean, Lifelong Learning
Bank of America Scholar

Phone:
(305) 284-9482
Locator Code:
6552

 
About

Henrik Cronqvist is Vice Dean for Lifelong Learning, Bank of America Scholar, and Professor of Finance, at University of Miami Patti and Allan Herbert Business School. He oversees all online degree and certificate programs as well as non-degree executive education. Previously, Professor Cronqvist served as Vice Dean for Graduate Business Programs and Executive Education, Vice Dean for Faculty and Research, Chair of the Department of Finance, and Director of PhD Programs.

Professor Cronqvist is an internationally-known scholar in behavioral finance, with a specialization in the study of the behavior of investors and corporate executives. His PhD Advisor was Nobel Laureate Richard H. Thaler. Professor Cronqvist has published extensively in top-journals in economics, including the American Economic Review and the Journal of Political Economy, and in finance, including the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He has served as an Associate Editor of the Review of Financial Studies, one of the top academic journals in the field of financial economics research. Several of his papers have been recognized with awards at international conferences or have been sponsored by competitive research grants. His research has been covered extensively in print and electronic media, including The Wall Street Journal, Harvard Business Review, Financial Times, The Economist, The New York Times, BusinessWeek, Forbes, and CNBC.

Professor Cronqvist has led executive education programs in the U.S., Asia, and Latin America, and is actively involved in consulting with corporations, investment firms, banks, and law firms. He has developed many business cases and simulation models, which illustrate complex managerial decisions, and has led many blended and experiential education initiatives.

Prior to joining University of Miami in 2015, Professor Cronqvist served as the Zhongkun Group Chair at China Europe International Business School, China’s top-ranked business school. Previously, he was the McMahon Family Chair and George R. Roberts Fellow at the Robert Day School of Economics and Finance at Claremont McKenna College. He started his academic career at The Ohio State University, where he received the Fisher College of Business Pace Setter Award for Excellence in Research. He has been a Visiting Professor at Yale University and University of California - Irvine.

Professor Cronqvist received a PhD in Finance from the University of Chicago Booth School of Business, and an MS in Business and Economics from Stockholm School of Economics.

Career

Education

2005Ph.D. Finance University of Chicago Booth School of Business
1997M.S. Business, Economics Stockholm School of Economics

Professional Experience

2020 - Vice Dean, Graduate Business Programs and Executive Education, Miami Herbert Business School
2018 - 2020Vice Dean, Faculty and Research, Miami Herbert Business School
2017 - 2018Chair, Department of Finance, Miami Herbert Business School
2016 - Director, PhD Programs, Miami Herbert Business School
2015 - Professor, Finance, Miami Herbert Business School
2013 - 2015Professor, Finance, Zhongkun Group Chair, China Europe International Business School
2010 - 2013Associate Professor, Financial Economics, McMahon Family Chair, Corporate Finance, George R. Roberts Fellow, Claremont McKenna College Robert Day School of Economics and Finance
2008 - 2010Assistant Professor, Financial Economics, Claremont McKenna College Robert Day School of Economics and Finance
2004 - Research Affiliate, Swedish House of Finance and Institute for Financial Research
2004 - 2008Assistant Professor, Finance, Ohio State University Fisher College of Business

Honors & Acknowledgements

Provost’s Research Award, University of Miami, 2017
Best Paper Award in Finance, Accounting & Finance Association of Australia and New Zealand, 2016
Outstanding Paper Award in category “Applied Corporate Finance,” Midwest Finance Association’s Annual Meeting, 2015
CEIBS Research Excellence Award, 2014
Outstanding Paper Award, National Taiwan University International Conference on Finance, 2012
Best Paper Award in category “Innovative Thinking – Thinking Out of the Box,” American Real Estate Society’s Annual Meeting, 2012
Faculty Research Award of the Betty F. Elliott Initiative for Academic Excellence awarded annually by the College of Business at the University of Michigan-Dearborn, 2011
Best Paper Award in category Investments, Financial Management Association’s Annual Meeting, 2010
Best Paper Award, University of Michigan, Stephen M. Ross School of Business, Mitsui Finance Symposium, 2010
Yihong Xia Best Paper Award, China International Conference in Finance, 2010
Best Paper Award, Arison School of Business, Interdisciplinary Center (IDC), Rothschild Caesarea Center Annual Conference on “Recent Advances in Financial Economics Research”, 2010
Pace Setters Outstanding Research Award, Ohio State University, Fisher College of Business, 2007
CIBER Global Competence Award, 2007 - 2008
Best Paper Award, Financial Manage- ment Association’s Annual European Meeting, 2006
Fellowship, The Sweden-America Foundation, 2003 - 2004
American Finance Association’s travel grant for Ph.D. students to participate in the annual meeting, 2002
Dr. Marcus Wallenberg’s scholarship for Ph.D. studies in finance in the U.S., 2001 - 2003
Russell Sage Foundation’s award for Ph.D. students to participate in the Summer Institute in Behavioral Economics at University of California - Berkeley, 2002
Research grant, Torsten och Ragnar Söderberg Foundations, 2001
Summer research grant, Center for Research in Securities Prices (CRSP), University of Chicago Graduate School of Business, 2000
Fellowship, University of Chicago Graduate School of Business, 1999 - 2003
Award for Most Outstanding Master’s Thesis in Finance, Stockholm School of Economics, 1997
Research

LIST OF SPECIALTIES: Behavioral finance | Social finance | Corporate finance

Publications

With Richard H. Thaler and Frank Yu "When nudges are forever: Inertia in the Swedish premium pension plan" (AEA Papers and Proceedings. 2018).


With Frank Yu "Shaped by their daughters: Executives, female socialization, and corporate social responsibility" 543–562126 (Journal of Financial Economics. 2017).


With Shimin Chen, Serene Ni, and Frank Zhang Languages and corporate savings behavior 320–34146 (Journal of Corporate Finance. 2017).


With Alessandro Previtero, Stephan Siegel, and Roderick E. White The fetal origins hypothesis in finance: Prenatal environment, the gender gap, and investor behavior 739–78629 (Review of Financial Studies. 2016).


With Stephan Siegel and Frank Yu Value versus growth investing: Why do different investors have different styles? 333–349117 (Journal of Financial Economics. 2015).


With Stephan Siegel The origins of savings behavior 123–169123 (Journal of Political Economy. 2015).


With Stephan Siegel The genetics of investment biases 215–234113 (Journal of Financial Economics. 2014).


With Florian Münkel and Stephan Siegel Genetics, homeownership, and home location choice 79–11148 (Journal of Real Estate Finance and Economics. 2014).


With Rüdiger Fahlenbrach CEO contract design: How do strong principals do it? 659–674108 (Journal of Financial Economics. 2013).


With Anil K. Makhija and Scott E. Yonker Behavioral consistency in corporate finance: CEO personal leverage and corporate leverage 20–40103 (Journal of Financial Economics. 2012).


With Bo Becker and Rüdiger Fahlenbrach Estimating the effects of large shareholders using a geographic instrument 907–94246 (ournal of Financial and Quantitative Analysis . 2011).

SUMMARY: Lead article

With Amir Barnea and Stephan Siegel Nature or nurture: What determines investor behavior? 583–60498 (Journal of Financial Economics. 2010).


With Rüdiger Fahlenbrach Large shareholders and corporate policies 3941–397622 (Review of Financial Studies . 2009).


With Fredrik Heyman, Mattias Nilsson, Helena Svaleryd, and Jonas Vlachos 309–33964 (Journal of Finance. 2009).


With Mattias Nilsson The choice between rights offerings and private equity placements 375–40778 (Journal of Financial Economics. 2005).


With Richard H. Thaler Design choices in privatized social-security systems: Learning from the Swedish experience 424–42894 (American Economic Review . 2004).


With Mattias Nilsson Agency costs of controlling minority shareholders 695–71938 (Journal of Financial and Quantitative Analysis. 2003).

SUMMARY: Lead article

With Peter Högfeldt, and Mattias Nilsson Why agency costs explain diversification discounts: Evidence from real estate corporations 85–12629 (Real Estate Economics. 2001).


Papers at SSRN [Link]