Heather E. Tookes

Professor of Finance

Heather Tookes

Professor Tookes’ research lies at the intersection of capital markets and corporate finance.  Much of her work focuses on understanding the ways in which capital market frictions can impact market outcomes.  In market microstructure, a primary theme in her work is the structure of liquidity and efficiency “externalities” (how trading in one market affects liquidity and price formation in related markets).  In corporate finance, her focus is on understanding the roles that capital supply frictions and product market competition play in firms’ financing decisions.  Professor Tookes teaches the Corporate Finance elective in both the full-time MBA and the MBA for Executives 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.

Education

  • PhD, Cornell University, 2003
  • BA, Brown University, 1996

Courses

Corporate Finance
MGT 541

Publications

Selected Articles

A. Saretto and H. E. Tookes
Review of Financial Studies
2013
M. Spiegel and H. E. Tookes
Journal of Finance
2013
H. E. Tookes, E. Boehmer, and S. Chava
Journal of Financial and Quantitative Analysis
2013
S. Bhagat and H. E. Tookes
The European Journal of Finance
2011

Selected Working Papers

Achievements

Teaching Award
Yale School of Management Alumni Association
2010