15 Dividend-Friendly Professors

By | Published April 15th, 2013

Dividends have been a common feature of equity investing for over a century, and the legendary gurus who embrace this strategy have always held the spotlight. And while these  individuals helped shape and develop the market we know today, there is one group of individuals that is often overlooked, though they have continually played a major role in the world of income investing: professors.

These professors have not only helped our understanding of the role of dividends, they have also been pioneers in the field, allowing investors of all walks to look at the space from a different perspective. For those wondering who exactly is behind the dividend-focused academia scene, we highlight several accomplished dividend-friendly professors (in no particular order):

[If you're a dividend-friendly professor, drop us a line and let us know a bit about your work; we'd be happy to add you to the list.]

1. Xuan Tian

Xuan TianXuan Tian is an assistant professor of Finance at the University of Indiana, Bloomington. He is an award winning researcher whose works have been presented at several academic conferences such as the National Bureau of Economic Research (NBER) meetings.

2. Thomas J. ChemmanurThomas J. Chemmanur

Thomas J. Chemmanur is a professor of finance at the Carroll School of Management at Boston College. In addition to his own research publications, Professor Chemmanur has also worked with Xuan Tian on several dividend-focused pieces.

3. Jesus M. SalasJesus M. Salas

Jesus M. Salas is an assistant professor of finance at Lehigh University. He has done extensive work on corporate dividend policy and has published in the Journal of Banking and Finance and the Journal of Economics and Finance.

4. Jennifer Koski

A former financial analyst at Goldman Sachs, Jenifer Koski is an associate professor of finance at the University of Washington. Her current research topics include stock splits, dividend policy, market microstructure,  stock market volatility, information processing in securities markets, equity offerings and short selling.

5. Roni MichaelyRoni Michaely

Roni Michaely is a professor of finance at Samuel Curtis Johnson Graduate School of Management at Cornell Univeristy. Currently, Professor Michaely’s research focuses on conflict of interest in the capital markets, corporation payout policy, and the pricing and optimal trading mechanisms of IPOs.

6. Harry DeAngeloHarry DeAngelo

Harry DeAngelo is a professor of finance and business economics at the Marshal School of Business at the University of Southern California. Professor DeAngelo has done extensive work on dividend policy, including dividend policy and financial distress, and the effect of taxes on capital structure and dividend policy.

7. Paul Asquithpaul

Paul Asquith is a professor of finance at the MIT Sloan School of Management. Asquith is known for his expertise in corporate finance and is a media source for the field of corporate finance and control.

8. Kenneth M. Eadeseades

Kenneth M. Eades is a professor of business administration at University of Virginia’s Darden School of Business. In addition to having a research focus on corporate finance issues, such as dividend policy, he is the author of more than 50 Darden cases and three textbooks, and has received both research and teaching awards.

  • University: University of Virginia
  • Specialties: Capital Markets, Capital Structure Management, Corporate Finance, Dividend Policy, Defined Benefit Pensions, Investment Banking, Mergers and Acquisitions
  • Academic WorkThe Dividend Discount Model

9. Eugene F. FamaEugene F Fama

In addition to being a distinguished service professor of finance at the University of Chicago Booth School of Business, Eugene F. Fama is widely recognized as the “father of modern finance,” specifically of efficient market hypothesis. Professor Fama is best known for his ground-breaking article “Efficient Capital Markets: A Review of Theory and Empirical Work“.

10. Omesh Kiniomesh

Omesh Kini is a professor of finance and global financial markets at the J. Mack Robinson College of Business at Georgia State University. In addition to dividend policy, Professor Kini’s research interests include equity issuances, mergers and acquisitions, product recalls and market efficiency.

11. William N. Goetzmanngoetzmann

William N. Goetzmann is a professor of finance and management studies at Yale University, as well as the director of the International Center of Finance. He is well known for expertise on a diverse range of investments including stocks, mutual funds, real estate and paintings.

  • University: Yale University
  • Specialties: Forecasting Stock Markets, Housing, Selecting Mutual Fund Managers, Housing as Investment, Risk and Return of Art
  • Academic WorkA Longer Look at Dividend Yields

12. Rafael La PortaRafael La Porta

Rafael La Porta is a professor of finance at the Tuck School of Business at Dartmouth College. Professor La Porta’s research focuses on issues of investor protection and corporate governance across the world, an area known as “law and finance.”

13. Myron S. ScholesMyron S Scholes

Myron S. Scholes is a professor of finance at Stanford University and is currently the Chairman of the Board of Economic Advisers of Stamos Partners. His research focuses on understanding uncertainty and its effect on asset prices, as well as the effects of taxation on dividends. He is best known as one of the authors of the Black-Scholes equation.

14. Uri LoewensteinUri Loewenstein

In addition to being a professor of finance, Uri Loewenstein is the Departmental Chair for the Department of Finance at the David Eccles School of Business at the University of Utah. He is a co-author of the book “Dividend Policy: Its Impact on Firm Value.”

15. David J. DenisDavid J. Denis

David J. Denis is professor of business administration and fiance at the Joseph M. Katz Graduate School of Business at the University of Pittsburgh. Professor Denis is the author of over 40 published articles and he also co-edited a book on corporate restructuring.