Joan Farre-Mensa
Associate Professor and Interim Department Head, Department of Finance
Bielinksi Family Faculty Scholar
Contact
Building & Room:
UH 2133
Address:
601 S. Morgan St.
Email:
CV Link:
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About
Joan Farre-Mensa is an Associate Professor, Bielinski Family Faculty Scholar, and Interim Head of the Department of Finance at the University of Illinois Chicago. His teaching and research focus on entrepreneurial and corporate finance, with a particular interest in how a firm’s listing status shapes its financing environment and influences both real and financial policies.
Joan’s research has been published in leading finance journals, including the Journal of Finance, the Review of Financial Studies (RFS), the Journal of Financial Economics, and the Journal of Financial and Quantitative Analysis (JFQA), and has received over 4,350 citations on Google Scholar. He was awarded the William F. Sharpe Award for the best article published in the JFQA in 2025 for “Financing Payouts,” as well as the RFS Referee of the Year Award in 2022. He currently serves as an Associate Editor at the JFQA and the Journal of Corporate Finance—where he received the Best Associate Editor Award in 2025—and as a Co-Editor at the Journal of Economics and Management Strategy.
Selected Publications
- “Financing Payouts,” with Roni Michaely and Martin Schmalz. Journal of Financial and Quantitative Analysis 60, no. 4 (June 2025): 1586–1624. Lead article. (Published version)
- “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 Financial and Quantitative Analysis, 2025 – present
Associate Editor, Journal of Corporate Finance, 2022 – present
Co-editor, Journal of Economics and Management Strategy, 2024 – present
Notable Honors
2025, William F. Sharpe Award, The Journal of Financial and Quantitative Analysis (JFQA)
2025, Best Associate Editor Award, Journal of Corporate Finance (JCF)
2022, Referee of the Year Award, Review of Financial Studies (RFS)
Research Currently in Progress
- “Capital Gains Tax Relief and Entrepreneurship: Evidence from the QSBS Exemption,” with Jun Chen, 2026. R&R at The Journal of Finance.
- “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.