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  1. Directory
  2. Faculty
  3. Kent Daniel

Kent Daniel

Jean-Marie Eveillard/First Eagle Investment Management Professor of Business
Finance Division
A headshot of Kent Daniel
Contact
Office: 766 Kravis
Phone: (212) 8544679
E-mail: [email protected]
Links
Curriculum Vitae

Kent Daniel is the Jean-Marie Eveillard/First Eagle Investment Management Professor of Business in the Finance Division at the Graduate School of Business at Columbia University. From 1996 to 2006, Kent was at the Kellogg School of Management at Northwestern University, where he was the John and Helen Kellogg Distinguished Professor of Finance (on leave from 2004-2006). Previously, he served on the faculties of the University of Chicago and the University of British Columbia.

Between 2004 and 2010, Kent was with the Quantitative Investment Strategies group at Goldman Sachs Asset Management. In 2005, he became a managing director and head of the QIS equity research effort. He became a co-chief investment officer in 2009.

Kent's academic research, both theoretical and empirical, has been primarily in the areas of behavioral finance and asset pricing. In addition to other awards, his academic papers received the 1997 and 1999 Smith-Breeden awards for the best paper in the Journal of Finance. His papers have been reprinted in several books. He also received the Sidney J. Levy Teaching Award for 1996-1997 and 2000-2001 at the Kellogg School.

Kent is a research associate at the National Bureau of Economic Research. He has served as an associate editor for the Journal of Finance, as a director of the American Finance Association, and as a director of the Western Finance Association. Kent received a B.S. with honors in Physics from the California Institute of Technology in 1981 and an M.B.A. from UCLA in 1987. He received his Ph.D. in Finance from UCLA in 1992.

Joined CBS
2010

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • CaseWorks
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Journal Article
Daniel, Kent, Robert B. Litterman, and Gernot Wagner
. “Declining CO₂ price paths.”
Proceedings of the National Academy of Sciences
(October 01, 2019).doi:
10.1073/pnas.1905755116
Explore Further about Declining CO₂ price paths
Journal Article
Daniel, Kent, Robert Hodrick , and Zhongjin Lu
. “The Carry Trade: Risks and Drawdowns.”
Critical Finance Review
vol.
6
, (January 01, 2017):
211
-
262
.
Explore Further about The Carry Trade: Risks and Drawdowns
Download PDF on The Carry Trade: Risks and Drawdowns
Journal Article
Daniel, Kent and David Hirshleifer
. “Overconfident Investors, Predictable Returns, and Excessive Trading.”
Journal of Economic Perspectives
vol.
29
, (January 01, 2015):
61
-
88
.
Explore Further about Overconfident Investors, Predictable Returns, and Excessive Trading
Download PDF on Overconfident Investors, Predictable Returns, and Excessive Trading
Journal Article
Daniel, Kent and Sheridan Titman
. “Testing Factor-Model Explanations of Market Anomalies.”
Critical Finance Review
vol.
1
, (January 01, 2012):
103
-
139
.
Explore Further about Testing Factor-Model Explanations of Market Anomalies
Download PDF on Testing Factor-Model Explanations of Market Anomalies
Journal Article
Daniel, Kent
. “Anatomy of a Crisis.”
CFA Institute Conference Proceedings Quarterly
vol.
26
, (January 01, 2009):
11
-
21
.
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Download PDF on Anatomy of a Crisis
Working Paper
Daniel, Kent, Alexander Klos, and Simon Rottke
. Overconfidence, Information Diffusion, and Mispricing Persistence. January 01, 2020.
Explore Further about Overconfidence, Information Diffusion, and Mispricing Persistence
Download PDF on Overconfidence, Information Diffusion, and Mispricing Persistence
Working Paper
Daniel, Kent, Lira Mota, Simon Rottke, and Tano Santos
. The Cross-Section of Risk and Return. November 04, 2019.
Explore Further about The Cross-Section of Risk and Return
Download PDF on The Cross-Section of Risk and Return
Working Paper
Daniel, Kent, Ravi Jagannathan, and Soohun Kim
. A Hidden Markov Model of Momentum. February 17, 2019.
Explore Further about A Hidden Markov Model of Momentum
Download PDF on A Hidden Markov Model of Momentum
Working Paper
Daniel, Kent, Robert Litterman, and Gernot Wagner
. Applying Asset Pricing Theory to Calibrate the Price of Climate Risk. October 10, 2018.
Explore Further about Applying Asset Pricing Theory to Calibrate the Price of Climate Risk
Download PDF on Applying Asset Pricing Theory to Calibrate the Price of Climate Risk
Working Paper
Collin-Dufresne, Pierre and Kent Daniel
. Liquidity and Return Reversals. December 10, 2014.
Explore Further about Liquidity and Return Reversals
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Working Paper
Collin-Dufresne, Pierre, Kent Daniel , Ciamac Moallemi , and Mehmet Saglam
. Strategic Asset Allocation with Predictable Returns and Transaction Costs. January 01, 2014.
Explore Further about Strategic Asset Allocation with Predictable Returns and Transaction Costs
Download PDF on Strategic Asset Allocation with Predictable Returns and Transaction Costs
Working Paper
Daniel, Kent, Ravi Jagannathan, and Soohun Kim
. Tail Risk in Momentum Strategy Returns. January 01, 2012.
Explore Further about Tail Risk in Momentum Strategy Returns
Download PDF on Tail Risk in Momentum Strategy Returns
Newspaper/Magazine Article
Daniel, Kent and Tobias Moskowitz
. “Momentum Crashes.”
Journal of Financial Economics
. Forthcoming.
Explore Further about Momentum Crashes
Download PDF on Momentum Crashes
Newspaper/Magazine Article
Daniel, Kent and Sheridan Titman
. “Another Look at Market Responses to Tangible and Intangible Information.”
Critical Finance Review
. Forthcoming.
Explore Further about Another Look at Market Responses to Tangible and Intangible Information
Download PDF on Another Look at Market Responses to Tangible and Intangible Information
  • Courses
  • Case Studies
Course
B8306: Capital Markets & Investments
View Course on Capital Markets & Investments
Course
B9310: (PhD) Behavioral Finance
View Course on (PhD) Behavioral Finance
Course
B8394: Legal Financial Arbitrage: Merger Arbitrage and Beyond
View Course on Legal Financial Arbitrage: Merger Arbitrage and Beyond
Course
B8378: Value Investing with Legends
View Course on Value Investing with Legends
Course
B9305: (PhD) Finance Pre-Thesis Seminar
View Course on (PhD) Finance Pre-Thesis Seminar
  • Awards & Honors
  • In the Media
  • Articles
In the Media

These 20 Stocks Are Likely to Be Losers No Matter What the Market Does

MarketWatch
In the Media

20 Stocks the Bears Can’t Easily Short — Which Is Why You Shouldn’t Buy Them

MarketWatch
In the Media

Opinion: Here’s Why Trump’s DJT Stock and Others like It Are Lagging the Market

MarketWatch
In the Media

Why These Stocks Could Lose Money Even if the Market Gains

MarketWatch
In the Media

How to Understand the Small-Stock Rally

The Wall Street Journal
In the Media

Planet Is Screwed, Says Bank That Screwed the Planet

The New Republic
In the Media

The Reasons Low-Volatility Stocks Have Fallen out of Favor (but Maybe Shouldn't Have)

The Wall Street Journal
In the Media

How Much Will Climate Change Cost Us?

Salon
In the Media

Study Suggests a New Structure for a Carbon Tax

Axios
Article

The New Variable in Data-Driven Finance

Read More about The New Variable in Data-Driven Finance
Article

MBAs Who Code

Read More about MBAs Who Code
  • CaseWorks
This faculty member has no associated CaseWorks cases currently.

External CSS

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