Joan Farre-Mensa
Associate Professor and Interim Department Head
Department of Finance
Contact
Building & Room:
UH 2133
Address:
601 S. Morgan St.
Office Phone:
Email:
CV Link:
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About
Professor Farre-Mensa has teaching and research interests in corporate and entrepreneurial finance. He is particularly interested in understanding how a firm’s listing status affects its financing environment and its real and financial policies.
Prior to joining the UIC faculty in June 2019, Professor Farre-Mensa was a Visiting Assistant Professor at Northeastern University during the 2018-2019 academic year. Before that, he was as an Assistant Professor of Business Administration at Harvard Business School for six years, and he then spent a year working as a Senior Economist at Cornerstone Research, an economic and litigation consulting firm.
Selected Publications
- “Private or Public Equity? The Evolving Entrepreneurial Finance Landscape,” with Michael Ewens. Annual Review of Financial Economics (A. Lo and R. Merton, eds.), vol. 14 (November 2022): 271-293. (Published version)
- “The Deregulation of the Private Equity Markets and the Decline in IPOs,” with Michael Ewens. Review of Financial Studies 33, no. 12 (December 2020): 5463-5509. Editor’s Choice and lead article. (Published version)
- “What Is a Patent Worth? Evidence from the U.S. Patent ‘Lottery,’” with Deepak Hegde and Alexander Ljungqvist. Journal of Finance 75, no. 2 (April 2020): 639-682. (Published version)
- “Patent Trolls and Startup Employment,” with Ian Appel and Elena Simintzi. Journal of Financial Economics 133, no. 3 (September 2019): 708-725. (Published version)
- “Do Measures of Financial Constraints Measure Financial Constraints?,” with Alexander Ljungqvist. Review of Financial Studies 29, no. 2 (February 2016): 271-308. Lead article. (Published version)
- “Corporate Investment and Stock Market Listing: A Puzzle?,” with John Asker and Alexander Ljungqvist. Review of Financial Studies 28, no. 2 (February 2015): 342-390. (Published version)
- “Payout Policy,” with Roni Michaely and Martin Schmalz. Annual Review of Financial Economics (A. Lo and R. Merton, eds.), vol. 6 (December 2014): 75-134. (Published version)
Professional Leadership
Associate Editor, Journal of Corporate Finance, 2022 – present
Notable Honors
2022, Referee of the Year Award, Review of Financial Studies (RFS)
Research Currently in Progress
- “Financing Payouts,” with Roni Michaely and Martin Schmalz, 2023. Conditionally accepted at the Journal of Financial and Quantitative Analysis.
- “The Effects of the Qualified Small Business Stock Exemption on Entrepreneurship and Innovation,” with Jun Chen, 2023.
- “Do Startup Acquisitions Affect Inventor Productivity?,” with Zack Liu and Jordan Nickerson, 2022.
- “How Prevalent Are Financial Constraints in the U.S.?,” with Alexander Ljungqvist and Enrique Schroth, 2022.
- “The Benefits of Selective Disclosure: Evidence from Private Firms,” 2017.