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.
Office Phone:
Email:
CV Link:
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About
Joan Farre-Mensa is an Associate Professor and Interim Head of the Finance Department at the University of Illinois Chicago. His teaching and research interests are in entrepreneurial and corporate finance. He is particularly interested in understanding how a firm’s listing status affects its financing environment as well as its real and financial policies. His research has been published the leading finance journals (Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis). He was awarded the Review of Financial Studies Referee of the Year Award in 2022 and currently serves as an associate editor at the Journal of Corporate Finance.
Prior to joining the University of Illinois Chicago’s faculty in June 2019, Joan 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. Joan earned his PhD in economics from New York University in 2011.
Selected Publications
- “Financing Payouts,” with Roni Michaely and Martin Schmalz, 2024. Journal of Financial and Quantitative Analysis, Forthcoming. (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 Corporate Finance, 2022 – present
Co-editor, Journal of Economics and Management Strategy, 2024 – present
Notable Honors
2022, Referee of the Year Award, Review of Financial Studies (RFS)
Research Currently in Progress
- “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.