Published Papers

Working Papers

Media & Service

Dirk Hackbarth
Professor of Finance
CEPR Research Fellow
ECGI Research Member

Boston University Questrom School of Business
595 Commonwealth Avenue | Boston, MA 02215
Email: dhackbar @ bu . edu | Tel: (617) 358-4206

Curriculum Vitae
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Dirk Hackbarth is a Professor of Finance at the Boston University Questrom School of Business, where he teaches courses in Financial Economics. He earned his PhD in Finance from the University of California at Berkeley; his MSc in Econometrics and Mathematical Economics from the London School of Economics & Political Science; and his Diplom in Business Economics from the University of Cologne. He is an internationally recognized researcher in the field of Corporate Finance and especially focuses on valuation of complex structures of risky cash flows. He is a former Director of the European Finance Association and an appointed research associate of the Centre for Economic Policy Research (CEPR) and the European Corporate Governance Institute (ECGI). He provides service to editorial boards of influential journals, such as Journal of Banking and Finance, Journal of Corporate Finance, Management Science, Review of Finance, and Review of Financial Studies.


04-2020 Forthcoming, Journal of Portfolio Management: "Active Sector Funds and Fund Manager Skill.''
01-2020 Forthcoming, Review of Finance: "Asymmetric Information and the Pecking (Dis)Order.''
01-2020 Forthcoming, Journal of Financial and Quantitative Analysis: ''Granularity of Corporate Debt.''
12-2019 New Paper ''Debt Dynamics and Default Probabilities'' with Y. Kitapbayev. See Summary.
12-2019 Published in Finance: ''Debt Maturity and the Leverage Ratcheting Effect,'' with H. Leland.
05-2019 New Paper ''Inflexibility and Leverage'' with L. Gu and T. Li.
03-2019 New Paper ''A Unified Model of Distress Risk Puzzles'' with Z. Chen and I. Strebulaev.
01-2019 Commentary on ''Assessing Optimality of Corporate Short-Termism,'' VOX CEPR Policy Portal.
12-2018 Published in Journal of Financial Economics: ''Corporate Debt Maturity Profiles.''
11-2018 ProMarket blog post "Is Market Price Relevant for Minority Shareholder Appraisal Actions?"
10-2018 ECGI Featured Paper on ''Does Transparency Increase Takeover Vulnerability?'' with Lifeng Gu.
09-2018 Commentary, ''Examining The Role Of Market Price In Appraisal: Part 1 & Part 2,'' with Bin Zhou.

Research Interests

Bankruptcy, Capital Structure, Credit Spreads, Governance, Investment, Law and Finance, Mergers and Acquisitions, Product Markets, Real Options, Stock Returns, and Valuation.

Teaching Interests

Finance. Link to an interview: Dirk Hackbarth: Sharing Enthusiasm for the Field of Finance


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