Heather E. Tookes

Professor of Finance

Heather Tookes

Professor Tookes’ research lies at the intersection of capital markets and corporate finance. Much of her earlier work focuses on understanding the ways in which credit market frictions can impact firms’ financing decisions. She has a particular interest in credit default swap and convertible bond markets. In another line of research, Professor Tookes has linked firms’ competition in product markets to various aspects of corporate finance. For example, she has a recent paper that identifies the effects of initial public offerings on rival firms. Professor Tookes teaches the Corporate Finance elective in both the full-time MBA and the MBA for Executives programs. She has received teaching awards in both of these programs.

Community Profile

“A wide range of students take my class. Any leader needs to be able to make informed inquiries about the big issues in finance.”


  • PhD, Cornell University
  • BA, Brown University


Corporate Finance
MGT 541


Selected Articles

Related Securities and Equity Market Quality: The Case of CDS
H. Tookes, E. Boehmer, and S. Chava
Journal of Financial and Quantitative Analysis
A. Saretto and H. E. Tookes
Review of Financial Studies
M. Spiegel and H. E. Tookes
Journal of Finance
H. E. Tookes, E. Boehmer, and S. Chava
Journal of Financial and Quantitative Analysis

Selected Working Papers


Posts by Heather E. Tookes


Yale School of Management Award for Excellence in Teaching
Executive MBA Program
Distinguished Referee Award
Review of Financial Studies
Teaching Award
Yale School of Management Alumni Association


Review of Financial Studies
Associate Editor, July 2016-2019