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Finance

John L. & Helen Kellogg Professor of Finance

Professor of Finance

Portrait of Dimitris Papanikolaou, Faculty at the Kellogg School of Management

Dimitris Papanikolaou is the John L. and Helen Kellogg Professor of Finance at the Kellogg School of Management and a Research Associate of the National Bureau of Economic Research. His research has primarily focused on the interaction between technological innovation and financial markets. Recent work has focused on the measurement of intangibles, the impact of innovation on firms and workers, the displacement of human capital, the market for corporate executives, and the causal impact of financial frictions on innovation and employment. His work has been published in the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics and his papers have won several research awards, including the Anundi Smith Breeden prize (twice) for the best paper in the Journal of Finance. He currently serves as a Co-Editor of the Journal of Financial Economics. He previously served as an Associate Editor at Management Science, the Journal of Finance, and the Review of Financial Studies. He received his Ph.D. in Financial Economics from the Massachusetts Institute of Technology.

About Dimitris
Research interests
  • Asset Pricing
  • Macroeconomics
  • Innovation
  • Economic Growth
  • Intangible Capital
Teaching interests
  • Investments
  • PhD, 2007, Financial Economics, Massachusetts Institute of Technology
    MS, 2001, Finance, Economics, London School of Economics
    BA, 2000, Economics, Finance, University of Piraeus
  • Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 2018-present
    Associate Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 2014-2018
    Assistant Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 2007-2014
  • Kellogg Research Mentorship Award, Kellogg
    Best Paper Award, LBS Finance Symposium
    Best Paper Award, Red Rock Finance Conference
    Crowell Memorial Prize, Panagora Asset Management (second prize), Crowell Memorial Prize
    Amundi Smith Breeden Prize, American Finance Association, 2014
    Amundi Smith Breeden Prize, American Finance Association, 2013
    Crowell Memorial Prize, Panagora Asset Management
    Roger F. Murray Prize (second place), The Q Group, 2011
  • Co-Editor, Journal of Financial Economics, 2021
    Associate Editor, Review of Financial Studies, 2019-2021
    Associate Editor, Journal of Finance, 2018-2021
    Associate Editor, Management Science, 2014-2016

Asset Pricing II (FINC-585-2)

This course covers recent developments in asset pricing theory, placing emphasis on the link between financial markets and the real economy. The topics covered include: models of portfolio choice, general equilibrium models of risk and return, and models with financial frictions.