Robert Ward Vishny (born c. 1959) is an American economist and is the Myron S. Scholes Distinguished Service Professor of Finance at the

University of Chicago Booth School of Business The University of Chicago Booth School of Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 N ...

. He was the Eric J. Gleacher Distinguished Service Professor of Finance at the

Education

He received his

A.B. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...

with highest distinction (economics, mathematics, and philosophy) from the

University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...

in 1981 and

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

(

Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

) from

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

in 1985.

Academic career

He is one of the prominent representatives of the school of behavioral finance. His research activities include: market for corporate control;

corporate governance Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions th ...

around the world; privatization and the role of government in the economy; behavior of institutional investors; behavior of stock prices; the economics of corruption and rent-seeking behavior. His research papers (many of them written jointly with

Andrei Shleifer Andrei Shleifer ( ; born February 20, 1961) is a Russian-American economist and Professor of Economics at Harvard University, where he has taught since 1991. Shleifer was awarded the biennial John Bates Clark Medal in 1999 for his seminal works in ...

Rafael La Porta Rafael La Porta (born c. 1962) is the Robert J. and Nancy D. Carney University Professor of Economics at Brown University. La Porta received his A.B. in economics at Pontifical Catholic University of Argentina in Argentina and his A.M. and Ph.D. i ...

and Josef Lakonishok) are among the most often cited research works in the field of economic sciences in recent years. He heads the NBER Program in Corporate Finance. In 1994, he founded (along with Josef Lakonishok and

)

LSV Asset Management LSV Asset Management (LSV) is an American quantitative investment management firm headquartered in Chicago. The firm provides equity management services for institutional investors. Background LSV was founded in 1994 by Josef Lakonishok, And ...

(LSV), a quantitative value equity manager providing active management for institutional investors through the application of proprietary investment models based on the principles of behavioural finance.

Selected publications

Journal articles

Vishny has authored and co-authored dozens of peer-reviewed articles including: *Vishny, Robert W, & LaPorta, R. & Lopez-de-Silanes, F. & Shleifer, A. ''Law and Finance'', Journal of Political Economy, 1998, 106(6), pp. 1113. *Vishny, Robert W. & Shleifer, A. ''A Survey of Corporate Governance'', Journal of Finance, 1997, 52(2), pp. 737–83. *Vishny, Robert W. & Shleifer, A. ''The Limits of Arbitrage'', Journal of Finance, 1997, 52(1), pp. 35–55. *Vishny, Robert W. & Lakonishok, J. & Shleifer, A. ''Contrarian Investment, Extrapolation and Risk'', Journal of Finance 1994, 49(5), pp. 1541–78. *Vishny, Robert W. & Shleifer, A. ''Large Shareholders and Corporate Control'', Journal of Political Economy, 1986, 94(3, Part 1), pp. 461–88.

References

External links

Robert W. Vishny
- Robert W. Vishny's Site at NBER with a collection of his papers

- A Businessweek article profiling Robert W. Vishny
LSV Asset Management WebsiteUniversity of Chicago Booth School of Business Faculty webpage
* * {{DEFAULTSORT:Vishny, Robert W. 1950s births Year of birth missing (living people) Living people American economists Behavioral economists University of Michigan College of Literature, Science, and the Arts alumni MIT School of Humanities, Arts, and Social Sciences alumni University of Chicago faculty Fellows of the American Academy of Arts and Sciences