Justin Murfin

Associate Professor of Finance

Faculty Directory

Professor Murfin's research interests include banking, financial intermediation and financial contracting. He has published in the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. He received his PhD from Duke University. Prior to Yale SOM, he worked for Barclays Capital in New York, Miami and Bogotá, Colombia, as well as the Federal Reserve Bank of Dallas.



  • PhD, Duke University, 2010
  • MA, Southern Methodist University, 2005
  • AB, Princeton University, 1998


  • Investment Management MGT 544

Selected Articles

Inconsistency of HAC standard errors in event studies with IID errors

J. Murfin & T. Fomby
Applied Financial Economic Letters

Selected Working Papers

Comparables Pricing

J. Murfin, R. Pratt
Conditionally Accepted, Review of Financial Studies

Is the Risk of Sea Level Rise Capitalized in Residential Real Estate

J. Murfin and M. Spiegel
In-principle acceptance of RFS Climate Finance registered report, completion of the paper in progress.


  • Fellow, FDIC Center for Financial Research, 2009