Yale School of Management Hires Top Finance Scholar; Faculty Appointments in Organizational Behavior, Economics, and Marketing Announced

New Haven, Conn., July 24, 2007 — Yale School of Management Dean Joel M. Podolny today announced that Andrew Metrick, currently associate professor of finance at the University of Pennsylvania’s Wharton School, has joined the faculty of the Yale School of Management as a professor of finance. Dean Podolny also announced the appointments of four assistant professors: Daylian Cain in organizational behavior, Ahmed Mushfiq Mobarak in economics, and Oliver Rutz in marketing.

Andrew Metrick joined the faculty at Wharton in 1999 and received tenure in 2003. Prior to Wharton, he spent five years teaching economics in the Harvard Faculty of Arts and Sciences. His research and teaching have focused on venture capital, private equity, corporate governance, and decision-making under uncertainty.

Commenting on Metrick’s appointment, Podolny said, “Andrew is an exceptional scholar, with important, creative contributions in a number of areas of finance. He is also an outstanding teacher. In his years at Wharton and Harvard, students have consistently recognized him for his teaching excellence, and our students will be equally enthusiastic to learn from him. I am delighted that he is joining our distinguished Yale Management finance faculty.”

In his most recent research, Metrick created a method that makes it easier for venture capitalists to calculate realistic valuations of start-ups, high-growth companies, and IPOs. The model is outlined in his book Venture Capital and the Finance of Innovation (John Wiley & Sons, 2006), which is the foundation of the course of the same title that he teaches at Wharton. It has received attention in the popular press including the New York Times, Forbes, and Red Herring. Other research has examined the relationship between shareholder rights and company performance; the economics of private equity funds; how the structure of employers’ retirement plans affect employee participation; and the relationship between insider ownership and firm value.

Metrick has been honored with more than a dozen teaching awards and distinctions, including two years (2003 and 2007) as the highest-rated professor in the Wharton MBA program. In 1998, he received the highest teaching honor at Harvard College, the Joseph R. Levenson Memorial Teaching Award, and in 2005, he received the highest teaching honor at the University of Pennsylvania, the Lindback Award.

He received a BA in economics and an MA in economics and mathematics from Yale University, and an AM and PhD in economics from Harvard University.

Said Metrick on his decision to join the Yale faculty, “I am thrilled to be joining Yale at such an exciting time. Dean Podolny has made the school a destination for faculty who want to engage in cutting-edge research and teaching, and I look forward to working with a fantastic group of colleagues and students.”

Metrick’s appointment is effective January 1, 2008.

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Also joining the Yale School of Management:

Daylian Cain, assistant professor of organizational behavior, joins Yale from Harvard University’s Economics Department where he was the Russell Sage Fellow of Behavioral Economics. His research focuses on decision-making, combining psychology, decision theory, and philosophy, and he is an expert on how people think through conflicts of interest. He holds master’s degrees in philosophy, ethics, and organizational behavior, and received a PhD in organizational behavior from Carnegie Mellon University’s Tepper School of Business. 

Ahmed Mushfiq Mobarak, assistant professor of economics, comes to Yale from the University of Colorado at Boulder where he was an assistant professor of economics. He has also held positions at the World Bank and the International Monetary Fund. A developmental economist, Mushfiq Mobarak’s recent research has included the functioning of marriage markets in developing countries, the contributions of foreign students in the U.S., and how to induce people in developing countries to adopt new environmental and health improving technologies. He received an MA and PhD in economics from the University of Maryland at College Park.

Oliver Rutz, assistant professor of marketing, joins Yale from the doctoral program in marketing at the UCLA Anderson School of Management where he also received his MBA. Prior to earning his PhD, Rutz was a consultant for McKinsey & Company where he conducted projects in banking, telecommunications, and other industries. His current research focuses on internet advertising and search engine marketing.