Professor Daniel Wolfenzon

Daniel Wolfenzon is the the Nomura Professor of International Finance and Professor of Finance at the Columbia University Graduate School of Business. He is also a Faculty Research Fellow at the National Bureau of Economic Research.

His research interests are in corporate finance and organizational economics. In one line of research, he studies how ownership shapes incentives in different types of organizations, from small firms where a few large shareholders share control to large business groups where a single family controls multiple firms through complex ownership links. In a separate line of research, He studies family firms. He has examined the consequences of family succession and the importance of managerial talent, among other topics. In his most recent research, he focuses on firm employees. He has studied employee motivation, the effect of pay transparency on the gender wage gap, and the ability of organizations to attract and retain talented employees.

His work has been published in top economic and finance journals such as the Quarterly Journal of Economics, the Review of Economic Studies, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.

He holds both a B.S. in economics and a B.S. in mechanical engineering from the Massachusetts Institute of Technology (MIT) and a Ph.D. in economics from Harvard University.