Daniel Bergstresser

Associate Professor of Finance

Area Head, Finance

Brandeis International Business School

I am an Associate Professor at the Brandeis International Business School, and I serve as Chair of the Undergraduate Business Program at Brandeis. My research focuses on municipal finance and on the impact of taxation, regulation, and market structure on financial markets. This research has been published in the Journal of Law and Economics, the Journal of Financial Economics, the Quarterly Journal of Economics, the Review of Financial Studies, the Municipal Finance Journal, and the Journal of Public Economics, and has been widely cited in both the academic and business press. I earned a Ph.D. in Economics at MIT, and earned an A.B. at Stanford. In 2006 and 2007, I worked for the investment manager Barclays Global Investors, serving in London as Head of European Credit Research. Prior to graduate school, I worked for the Federal Reserve Board in Washington D.C.

WORKING PAPERS

"Changing patterns in household ownership of municipal debt: Evidence from the 1989-2013 Surveys of Consumer Finances" (with Randolph Cohen), July 2015.

"Skin in the game: The performance of insured and uninsured municipal debt" (with Randolph Cohen and Siddharth Shenai), May 2015.

"Competitive bids and post-issuance price performance in the municipal market" (with Randolph Cohen), March 2015.

"Financial guarantors and the 2007-2009 credit crisis" (with Randolph Cohen and Siddharth Shenai), March 2011.

"Why fears about municipal credit are overblown" (with Randolph Cohen), June 2011.

"The retail market for structured notes: Issuance patterns and performance, 1995-2008", November 2008.

PUBLISHED PAPERS

"Policy Brief: Recovery ratios in the Savings and Loan Crisis: Evidence from the Resolution Trust Corporation's sale of bank-owned real estate", (with Richard Peiser), Cityscape: A Journal of Policy Development and Research, 2014.

"Direct bank investment in municipal debt", (with Peter Orr), Municipal Finance Journal, 2014.

"Demographic Fractionalization and the Municipal Bond Market", (with Randolph Cohen and Siddharth Shenai), Municipal Finance Journal, 2013.

"Investment taxation and portfolio performance", (with Jeffrey Pontiff), Journal of Public Economics, 2013.

"Does shareholder proxy access improve firm value? Evidence from the Business Roundtable's challenge", (with Bo Becker and Guhan Subramanian), Journal of Law and Economics, 2013.

"Assessing the costs and benefits of brokers in the mutual fund industry", (with John Chalmers and Peter Tufano), Review of Financial Studies, 2009.

"Earnings manipulation, pension assumptions, and managerial investment decisions", (with Mihir Desai and Joshua Rauh), Quarterly Journal of Economics, 2006.

"CEO incentives and earnings management", (with Mihir Desai and Joshua Rauh), Journal of Financial Economics, 2006.

"Asset allocation and asset location: Household evidence from the Surveys of Consumer Finances", (with James Poterba), Journal of Public Economics, 2004.

"Do after-tax returns affect mutual fund inflows?", (with James Poterba), Journal of Financial Economics, 2002.

PUBLISHED DISCUSSIONS AND CONFERENCE VOLUME INTRODUCTIONS

Introduction to MFJ Conference Volume for 2012 Municipal Finance Conference, Municipal Finance Journal, 2013.

Introduction to MFJ Conference Volume for 2013 Municipal Finance Conference, Municipal Finance Journal, 2014.

Discussion of Luby/Moldogaziev paper on municipal bond underwriting fees, Municipal Finance Journal, 2014.

Discussion of Scott Richardson paper on investment and free cash flow, Review of Accounting Studies, 2006.

CONFERENCES ORGANIZED

2015 Municipal Finance Conference (co-sponsored with the Federal Reserve Bank of Boston)

2014 Municipal Finance Conference (co-sponsored with the Bond Buyer)

2013 Municipal Finance Conference (co-sponsored with the Bond Buyer)

2012 Municipal Finance Conference