R. Glenn Hubbard

Co-Director

Richard Paul Richman Center for Business, Law, and Public Policy at Columbia University

Russell L. Carson Professor of Finance and Economics

Finance and Economics

Dean

Dean's Office

BA, BS, University of Central Florida, 1979; AM, Harvard, 1981; PhD, 1983

Joined CBS in 1988

Download Curriculum Vitae (PDF)

R. Glenn Hubbard

Office
101 Uris

Phone
212-854-2888

E-mail
rgh1@columbia.edu

Fax
212-932-0545

Teaching and research interest

Professor Hubbard is a specialist in public finance, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written more than 90 articles and books on corporate finance, investment decisions, banking, energy economics and public policy, including two textbooks, and has co-authored Healthy, Wealthy, & Wise: Five Steps to a Better Health Care System. In a recent book, Tax Policy and Multinational Corporations, he argues that U.S. tax policy significantly affects financing and investment decisions of multinational corporations. Hubbard has applied his research interests in business (as a consultant on taxation and corporate finance to many corporations), in government (as deputy assistant of the U.S. Treasury Department and as a consultant to the Federal Reserve Board, Federal Reserve Bank of New York and many government agencies) and in academia (in faculty collaboration or visiting appointments at Columbia, University of Chicago and Harvard).

Honors and awards

  • Exceptional Service Award, The White House, 2002
  • Michelle Akers Award for Distinguished Service, University of Central Florida, 2001
  • Alumni Hall of Fame, University of Central Florida, 2000
  • Best Paper Award for Corporate Finance, Western Finance Association, 1998
  • Exceptional Service Award, U.S. Department of the Treasury, 1992
  • Distinguished Alumnus Award, University of Central Florida, 1991
  • John M. Olin Fellowship, National Bureau of Economic Research, 1987-1988
  • Teaching Commendations, Graduate School of Business, Columbia University
  • Northwestern University Associated Student Government Teaching Awards, announced in 1985, 1986, and 1987
  • Graduate Distinctions: National Science Foundation Fellowship, Alfred P. Sloan Foundation Fellowship
  • Undergraduate Distinctions: National Merit Scholarship, National Society of Professional Engineers Award, Florida Society of Professional Engineers Award, National Council of Teachers of English Award, Omicron Delta Kappa, Financial Management Association

Chapters

The Role of Nonprofit Endowments In The Governance of Not-for-Profit Organizations (2003)
Author(s): Raymond Fisman, R. Glenn Hubbard

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Inflation and the User Cost of Capital: Does Inflation Still Matter? In The Costs and Benefits of Price Stability (1999)
Author(s): Darrel Cohen, Kevin Hassett, R. Glenn Hubbard

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Tax Policy and Investment In Fiscal Policy: Lessons from Economic Research (1997)
Author(s): Kevin Hassett, R. Glenn Hubbard

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International Adjustment Under the Classical Gold Standard: Evidence for the U.S. and Britain, 1879-1914 In Modern Perspectives on the Gold Standard (1996)
Author(s): Charles Calomiris, R. Glenn Hubbard

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Do Tax Reforms Affect Investment? In Tax Policy and the Economy (1995)
Author(s): Jason Cummins, Kevin Hassett, R. Glenn Hubbard

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The Tax Sensitivity of Foreign Direct Investment: Evidence from Firm-Level Panel Data In Effects of Taxation on Multinational Corporations (1995)
Author(s): Jason Cummins, R. Glenn Hubbard

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Journal articles

The Mortgage Market Meltdown and House Prices In The B.E. Journal of Economic Analysis & Policy (2009)
Author(s): R. Glenn Hubbard, Christopher Mayer

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'Success Taxes,' Entrepreneurial Entry, and Innovation In Innovation, Policy, and the Economy (2005)
Author(s): R. Glenn Hubbard

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Precautionary savings and the governance of nonprofit organizations In Journal of Public Economics (2005)
Author(s): Raymond Fisman, R. Glenn Hubbard

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The Effects of Progressive Taxation on Job Turnover In Journal of Public Economics (2005)
Author(s): R. Glenn Hubbard

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The Effect of the Tax Reform Act of 1986 on the Location of Assets in Financial Services Firms In Journal of Public Economics (2003)
Author(s): Rosanne Altshuler, R. Glenn Hubbard

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Taxing Multinationals In International Tax and Public Finance (2003)
Author(s): M. Devereux, R. Glenn Hubbard

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Are There Bank Effects in Borrowers' Costs of Funds?: Evidence from a Matched Sample of Borrowers and Banks In Journal of Business (2002)
Author(s): R. Glenn Hubbard, Kenneth Kuttner, Darius Palia

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Are Dividend Taxes and Imputation Credits Capitalized in Share Values? In Journal of Public Economics (2001)
Author(s): R. Glenn Hubbard, Trevor Harris

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The Share Price Effects of Dividend Taxes and Tax Imputation Credits In Journal of Public Economics (2001)
Author(s): Trevor Harris, R. Glenn Hubbard

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Tax Policy and Entrepreneurial Entry In American Economic Review (2000)
Author(s): R. Glenn Hubbard

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A Reexamination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View In Journal of Finance (1999)
Author(s): R. Glenn Hubbard, Darius Palia

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Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance In Journal of Financial Economics (1999)
Author(s): R. Glenn Hubbard, Darius Palia

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Investment Incentives Blunted by Changes in Prices of Capital Goods?: International Evidence In International Finance (1998)
Author(s): Kevin Hassett, R. Glenn Hubbard

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Capital-Market Imperfections and Investment In Journal of Economic Literature (1998)
Author(s): R. Glenn Hubbard

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Fundamental Tax Reform and Corporate Financial Policy In Tax Policy and the Economy (1998)
Author(s): R. Glenn Hubbard

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How Different Are Income and Consumption Taxes? In American Economic Review (1997)
Author(s): R. Glenn Hubbard

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Distributional Implications of Introducing a Broad-Based Consumption Tax In Tax Policy and the Economy (1997)
Author(s): R. Glenn Hubbard

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Tax Reforms and Investment: A Cross-Country Comparison In Journal of Public Economics (1996)
Author(s): Jason Cummins, Kevin Hassett, R. Glenn Hubbard

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The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition Among Small and Large Banks In Journal of Law and Economics (1996)
Author(s): Nicholas Economides, R. Glenn Hubbard, Darius Palia

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Assessing the Effectiveness of Saving Incentives In Journal of Economic Perspectives (1996)
Author(s): R. Glenn Hubbard, Jonathan Skinner

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Tax Policy, Internal Finance, and Investment: Evidence from the Undistributed Profits Tax of 1936-1937 In Journal of Business (1995)
Author(s): Charles Calomiris, R. Glenn Hubbard

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Executive Pay and Performance: Evidence from the U.S. Banking Industry In Journal of Financial Economics (1995)
Author(s): R. Glenn Hubbard, Darius Palia

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Internal Finance and Firm-Level Investment In Journal of Money, Credit, and Banking (1995)
Author(s): R. Glenn Hubbard, Anil Kashyap, Toni Whited

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Precautionary Saving and Social Insurance In Journal of Political Economy (1995)
Author(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes

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Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms In RAND Journal of Economics (1995)
Author(s): R. Glenn Hubbard, Darius Palia

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The Importance of Precautionary Motives for Explaining Individual and Aggregate Saving In Carnegie-Rochester Conference Series on Public Policy (1994)
Author(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes

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Expanding the Life-Cycle Model: Precautionary Saving and Public Policy In American Economic Review (1994)
Author(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes

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A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments In Brookings Papers on Economic Activity (1994)
Author(s): Jason Cummins, Kevin Hassett, R. Glenn Hubbard, Robert Hall, Ricardo Caballero

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CaseWorks

The St. Louis Renaissance Grand Hotel: Does a Shift in Context Create an Opportunity?: Fall 2010
Author(s): Michael Keehner, Glenn Hubbard

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Theracor Pharmaceuticals, Inc.: Summer 2008
Author(s): Michael Keehner, R. Glenn Hubbard

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Books

The Aid Trap: Hard Truths About Ending Poverty (2009)
Author(s): R. Glenn Hubbard, William Duggan

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Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System (2005)
Author(s): John Cogan, R. Glenn Hubbard, Daniel Kessler

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Working Papers

Options Pricing and Accounting Practice American Enterprise Institute for Public Policy Research (2004)
Author(s): Charles Calomiris, R. Glenn Hubbard

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