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:

(312) 355-8155

Email:

jfarre@uic.edu

CV Link:

Joan Farre-Mensa

Related Sites:

Google Scholar

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 the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Journal of Financial and Quantitative Analysis, and it has garnered over 3,950 citations according to Google Scholar. He received the Review of Financial Studies Referee of the Year Award in 2022 and currently serves as an Associate Editor at both the Journal of Financial and Quantitative Analysis and the Journal of Corporate Finance, and as a Co-Editor at the Journal of Economics and Management Strategy.

Before joining UIC in June 2019, Joan was an Assistant Professor of Business Administration at Harvard Business School for six years. He then worked as a Senior Economist at Cornerstone Research and spent the 2018–2019 academic year as a Visiting Assistant Professor at Northeastern University. He 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 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

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, 2025
“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.