Faculty
Robert Novy-Marx
Professor
Area(s) of Expertise
Finance
Bio
Novy-Marx earned the Fama/DFA Prize for the best capital markets/asset pricing paper in the Journal of Financial Economics (2012 and 2013), the Smith-Breeden Prize for the best capital markets paper in the Journal of Finance (2011), the Spängler IQAM Prize for the best paper in the Review of Finance (2011), and the Mill's Prize for the best paper in Real Estate Economics. Novy-Marx is also a former professional triathlete, a member of the National Bureau of Economic Research and taught at the Booth School of Business before coming to the Simon School.
Courses
Options and Futures with Python
PhD Workshop in Applied Economics
Options, Future & Derivatives
Research Interests
Professor Novy-Marx’s research focuses primarily on empirical asset pricing, empirical methods, and public finance.
Publications
A Taxonomy of Anomalies and their Trading Costs
2016
Review of Financial Studies
Issue
1
Volume
29
A Taxonomy of Anomalies and Their Trading Costs
2016
Review of Financial Studies
Issue
1
Volume
29
Economic and financial approaches to valuing pension liabilities
2015
Journal of Pension Economics and Finance
Issue
02
Volume
14
Linking Benefits to Investment Performance in US Public Pension Systems
2014
Journal of Public Economics
Volume
116
Predicting anomaly performance with politics, the weather, global warming, sunspots, and the stars
2014
Journal of Financial Economics
Issue
2
Volume
112
The Revenue Demands of Public Employee Pension Promises
2014
American Economic Journal: Economic Policy
Issue
1
Volume
61
Financial Valuation of PBGC Insurance with Market-Implied Default Probabilities
2014
Tax Policy and the Economy
Issue
1
Volume
28
The other side of value: The gross profitability premium
2013
Journal of Financial Economics
Issue
1
Volume
108
Logical Implications of GASB's Methodology for Valuing Pension Liabilities
2013
Financial Analysts Journal
Issue
1
Volume
69
Operating Leverage
2011
Review of Finance
Issue
2011
Volume
15(1)
The Crisis in Local Government Pensions in the United States
2011
Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis / Brookings Institution Press with the Nomura Institute of Capital Markets Research
Issue
Yasuyuki Fuchita, Richard Herring and Robert Litan (eds.)
Hot and Cold Markets
2009
Real Estate Economics
Issue
2009
Volume
37(1)
The Liabilities and Risks of State-Sponsored Pension Plans
2009
Journal of Economics Perspectives
Issue
2009
Volume
23(4)
An Equilibrium Model of Investment Under Uncertainty
2007
Review of Financial Studies
Issue
2007
Volume
20(5)
CS-3-160F Carol Simon Hall
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