Faculty Directory

David Solomon

Professor

Giuriceo Family Faculty Fellow

Department

Finance

Profile

David Solomon is a professor in the Seidner Department of Finance. His research focuses on behavioral finance, looking at the intersection of psychology and financial markets. He is interested in the mechanics of how information gets incorporated into asset prices, including aspects such as the effects of media coverage and private meetings between firms and investors. He is also interested in the psychology of how investors evaluate their portfolio performance, and the impact this has on prices and trades. This includes questions of how to account for gains and losses, how to evaluate dividend payments, and the role of mental accounting and cognitive dissonance in driving behavior.

Selected Appointments and Awards

  • Fama/DFA Prize for the Best Paper in the Journal of Financial Economics on Capital Markets and Asset Pricing, 2015, for 鈥淛uicing the Dividend Yield: Mutual Funds and the Demand for Dividends.鈥 (Second Place).
  • Hillcrest Behavioral Finance Award 2015, for 鈥淏eing Surprised by the Unsurprising: Earnings Seasonality and Stock Returns.鈥 (First Place).
  • Best Paper, California Corporate Finance Conference 2015 for 鈥淏eing Surprised by the Unsurprising: Earnings Seasonality and Stock Returns鈥
  • USC Marshall Dean鈥檚 Award for Research Excellence, 2015.
  • Best Paper, Financial Research Association Conference 2012 for 鈥淲hat are we meeting for? The consequences of private meetings with investors鈥
  • Best Paper, California Corporate Finance Conference 2011 for 鈥淭he Dividend Month Premium鈥

Selected Publications

  • 鈥.鈥 (With Samuel M. Hartzmark, and Cary Frydma.) Review of Financial Studies, 31 (1), 362-397. January, 2018.聽

  • 鈥.鈥 (With Tom Y. Chang, Samuel M. Hartzmark, and Eugene F. Soltes.) Review of Financial Studies, 30 (1), 281-323. January, 2017.

  • 鈥.鈥 (With Tom Y. Chang and Mark M. Westerfield.) Journal of Finance, 71 (1), 267-302. February, 2016.

  • 鈥.鈥 (With Eugene Soltes.) Journal of Law and Economics, 58 (2), 325-355. May, 2015.

  • 鈥.鈥 (With Lawrence Harris and Samuel M Hartzmark.) Journal of Financial Economics, 116 (3), 433-451. June, 2015.

  • 鈥.鈥 (With Eugene Soltes and Denis Sosyura.) Journal of Financial Economics, 113 (1), 53-72. July, 2014.聽

  • 鈥.鈥 (With Samuel M. Hartzmark.) Journal of Financial Economics, 109 (3), 640-660. September, 2013.

  • 鈥.鈥 Journal of Finance, 67 (2), 599-637. April, 2012.

  • .鈥 (With Samuel M. Hartzmark.) Quarterly Journal of Finance, 2 (3), 12500. September, 2012.

  • 鈥.鈥 (With Ross A. Maller and Alex Szimayer.) Mathematical Finance, 16 (4), 613-633. October, 2006.