Daniel Wolfenzon is the Stefan H. Robock Professor of Finance and Economics at Columbia Business School. He received a Masters and a PhD in economics from Harvard University and holds a BS in economics and a BS in mechanical engineering from MIT. Professor Wolfenzon previously taught at the University of Michigan, the University of Chicago and NYU. He is also a Faculty Research Fellow at the National Bureau of Economic Research. His research interests are in corporate finance and organizational economics. He has studied control sharing in small firms, the effects of investor protection on ownership concentration, and the structure of business groups around the world. His most recent research focuses on family firms. He has examined the consequences of family succession on firm performance and also the importance of managerial talent in family controlled firms. His work has been published in top economic and finance journals such as the Quarterly Journal of Economics, the Journal of Finance, and the Journal of Financial Economics. Professor Wolfenzon received the Jensen Prize (second place) for best paper on corporate finance and organizations published in the Journal of Financial Economics both in 2002 and 2005.
Daniel Wolfenzon
Joined CBS in 2008
Office
808 Uris
Phone
212-851-1803
E-mail
dw2382@columbia.edu
Fax
212-662-8474
Teaching and research interest
Courses taught
- Fall 2009
Corporate Finance
- Spring 2009
Corporate Finance
Journal articles
Inside the family firm: The role of families in succession decisions and performance In Quarterly Journal of Economics (2007) Coauthor(s): Morten Bennedsen, Francisco Pérez-González, Daniel Wolfenzon
A theory of pyramidal ownership and family business groups In Journal of Finance (2006) Coauthor(s): Heitor Almeida, Daniel Wolfenzon
Should business groups be dismantled? The equilibrium costs of efficient internal capital markets In Journal of Financial Economics (2006) Coauthor(s): Heitor Almeida, Daniel Wolfenzon
Corporate governance, economic entrenchment and growth In Journal of Economic Literature (2005) Coauthor(s): Randall Morck, Daniel Wolfenzon, Bernard Yeung
The effect of external finance on the equilibrium allocation of capital In Journal of Financial Economics (2005) Coauthor(s): Heitor Almeida, Daniel Wolfenzon
Investor protection and equity markets In Journal of Financial Economics (2002) Coauthor(s): Andrei Shleifer, Daniel Wolfenzon
The balance of power in closely held corporations In Journal of Financial Economics (2000) Coauthor(s): Morten Bennedsen, Daniel Wolfenzon