Heather E. Tookes

Heather Tookes has been on the faculty of Yale School of Management since 2004. She earned her PhD in Finance at Cornell and her BA in Economics at Brown. 

Professor Tookes works on a diverse range of topics in the areas of capital markets and corporate finance. She has a particular interest in credit default swap and convertible bond markets and has studied the ways in which frictions in these markets interact with firms’ financing decisions. She has also studied trader borrowing and has linked margin trading to the sharp declines in stock market liquidity that occur during crises. More recently, she has written a series of papers investigating questions related to gender in finance as well as the effectiveness of Covid-19 business restrictions. She teaches Corporate Finance and has won awards for her teaching. 

Professor Tookes is a member of the FINRA Economic Advisory Committee. She previously served as Chair of the Academic Female Advisory Committee (AFFECT) of the American Finance Association (AFA) and as a member of the AFA’s Committee on Racial Diversity. Professor Tookes has served on a variety of nonprofit, private and public boards.