Heather E. Tookes
Professor of Finance
Contact
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’ research lies at the intersection of capital markets and corporate finance. Much of her work focuses on understanding the ways in which credit market frictions interact with firms’ financing decisions. She has a particular interest in credit default swap and convertible bond markets. She has also studied trader borrowing and has linked margin trading to the sharp declines in stock market liquidity that occur during crises. Recently, she has written a series of papers investigating a range of topics related to COVID-19, including the effectiveness of business restrictions and the impact of the pandemic on the academic finance profession. She teaches Corporate Finance to MBA and Executive MBA students and has won awards for her teaching. Professor Tookes has served on a variety of nonprofit, private and public boards.
Education
- PhD, Cornell University
- BA, Brown University
Selected Works
Articles
- Female Representation in the Academic Finance Profession
M. G. Sherman and H. E. Tookes
Journal of Finance
2021 Forthcoming - What Explains Differences in Finance Research Productivity During the Pandemic?
Brad W. J. Barber, A. Morse, M. Puri, H. E. Tookes, and I. Werner,
Journal of Finance
2021 Forthcoming - Business Restrictions and Covid Fatalities
M. Spiegel and H. E. Tookes
Review of Financial Studies
2021 Forthcoming - Why Does an IPO Impact Rival Firms?
M. Spiegel and H. E. Tookes
Review of Financial Studies
Volume 33, Issue 7, pp 3205-324
2020 - Trader Leverage and Liquidity
B. Kahraman and H.E. Tookes
Journal of Finance
Volume 72, Issue 4, pp 1567-1610
2016 - Corporate leverage, debt maturity, and credit supply: the role of credit default swaps
A. Saretto and H. E. Tookes
Review of Financial Studies
2013 - Dynamic competition, valuation and merger activity
M. Spiegel and H. E. Tookes
Journal of Finance
Volume 68, Issue 1
2013
Working Papers
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Misconduct Synergies
E. Yimfor and H. E. Tookes
2021 -
All or Nothing? Partial Business Shutdowns and COVID-19 Fatality Growth
M. Spiegel and H. E. Tookes
Preprint in Covid Economics 77
2021
Achievements
- Teaching Award, Yale School of Management Alumni Association, 2017
- Yale School of Management Award for Excellence in Teaching, Executive MBA Program, 2015
- Distinguished Referee Award, Review of Financial Studies, 2014
- Teaching Award, Yale School of Management Alumni Association, 2010