Matthew Spiegel

Professor of Finance, Director of Graduate Studies

Faculty Directory

Matthew Spiegel's research ranges widely with publications in the areas of market microstructure, asset pricing, real estate, corporate finance, and experimental economics. His theoretical work has helped to explain stock market volatility, what factors lead to market breakdowns and how mergers within an industry impact the new firm’s competitors over time. His empirical work has included the development of statistical methods that can estimate the impact of local characteristics on housing returns and for identifying when and if a particular mutual fund will generate above market returns. These articles have won the ANBAR Management Intelligence Citation of Excellence, the Michael Brennan Best Paper Award and the Ross Best Paper Award.  In 2015 his overall body of work was recognized with Eastern Finance Association’s Distinguished Scholar Award.  
 
Matthew Spiegel is currently the president for the Society for Financial Studies and its former vice president. He is also the Society's advisory chair for its annual Finance Cavalcade conference and the former executive editor of its journal the Review of Financial Studies. Professor Spiegel was formerly an associate professor, with tenure, at the Haas School of Business at the University of California-Berkeley. He is a former co-editor and founder of the Journal of Financial Markets, a former associate editor of the Review of Financial Studies, and a past member of the Nasdaq Economic Advisory Board.

Expertise

Education

  • PhD, Princeton University, 1987
  • BA, University of California, Berkeley, 1982

Courses

  • Real Estate Finance MGT 548
  • Accounting & Finance Boot Camp MGT 844
  • Security Analysis & Valuation MGT 948

Selected Articles

Selected Working Papers

Achievements

  • Ross Best Paper award for "Patterns in Cross Market Liquidity"
    2009
  • President, Society for Financial Studies
    2014-Present
  • Vice President, Society for Financial Studies
    2011 to 2014
  • Michael Brennan Best Paper Award for the paper "Portfolio Performance Manipulation and Manipulation-proof Performance Measures," coauthored with William Goetzmann, Jonathan Ingersoll Jr., and Ivo Welch, 2008, Review of Financial Studies
    2007
  • Keynote speaker, Caesarea Center Conference on Private Equity
    2008
  • Inaugural Challenge Article in Finance Research Letters: "Patterns in Cross Market Liquidity"
    2008
  • Keynote speaker, New York City Triple Crown Conference
    2007
  • Keynote speaker , European meeting of the Financial Management Association
    2003
  • Director, Western Finance Association
    2001
  • Post-Doctoral Honoree, Weimer School
    2000
  • Citation of Excellence, ANBAR Management Intelligence
    1998
  • Member, American Finance Association's Nominations Committee
    1998
  • Schwabacher Fellowship, Haas Executive Committee
    1995 to 1996

Editorships

  • Review of Financial Studies (2005-2011) Executive Editor

Mailing Address

Professor Matthew Spiegel
Yale School of Management
P.O. Box 208200
New Haven, CT 06880-8200