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Dermot Murphy

Head shot of Dermot Murphy
  • Assistant Professor of Finance

Office: 2114 UH
Phone: (312) 355-4372
Personal Website


  • PhD, Finance, Kellogg School of Management, Northwestern University, 2013
  • MSc, Finance, Sauder School of Business, University of British Columbia, 2007
  • BComm (Honors) and BSc, Pure Mathematics, Memorial University of Newfoundland, 2005

Classes Taught

  • Securities Markets and High-Frequency Trading
  • Corporate Finance
  • Managerial Finance

Research & Publications

  • Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance (with Pengjie Gao and Chang Lee), 2018, forthcoming at the Journal of Financial Economics.
  • High-Frequency Market Making to Large Institutional Trades (with Robert Korajczyk), 2018, forthcoming at the Review of Financial Studies.
  • Municipal Borrowing Costs and State Policies for Distressed Municipalities (with Pengjie Gao and Chang Lee), 2017, forthcoming at the Journal of Financial Economics.
  • Short-Term Return Predictability and Repetitive Institutional Net Order Activity (with Ramabhadran Thirumalai), 2017, Journal of Financial Research.
  • Casino Game Markets (with Roland Eisenhuth and Andreas Neuhierl), 2018, Handbook of Behavioral Industrial Organization.  

Awards & Affiliations

  • Government Finance Research Center research grant ($30,000), 2018
  • Best Paper Award at the Brookings Municipal Finance Conference, 2018
  • Investment Industry Regulatory Organization of Canada data grant, 2014