Photo of Farre-Mensa, Joan

Joan Farre-Mensa

Associate Professor

Department of Finance

Contact

Building & Room:

2122 UH

Address:

601 S. Morgan St.

Office Phone:

(312) 355-8155

Related Sites:

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

  • “The Deregulation of the Private Equity Markets and the Decline in IPOs,” with Michael Ewens. Review of Financial Studies, forthcoming.
  • “What Is a Patent Worth? Evidence from the U.S. Patent ‘Lottery,’” with Deepak Hegde and Alexander Ljungqvist. Journal of Finance, forthcoming.
  • “Patent Trolls and Startup Employment,” with Ian Appel and Elena Simintzi. Journal of Financial Economics 133, no. 3 (September 2019): 708-725.
  • “Do Measures of Financial Constraints Measure Financial Constraints?,” with Alexander Ljungqvist. Review of Financial Studies 29, no. 2 (February 2016): 271-308. Lead article.
  • “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.
  • “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.

Service to Community

Professor Farre-Mensa has served as an ad-hoc referee at the leading finance and economics journals, including the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, Management Science, the American Economic Review, and the Review of Economic Studies. He has also served on the program committee of the top finance conferences (WFA, SFS Cavalcade, EFA, MFA) and as a session chair at the AFA Annual Meeting.

Education

Ph.D. in Economics, New York University, 2011
M.Phil. in Economics, Universitat Autònoma de Barcelona (Spain), 2006
B.A. in Mathematics, University of Barcelona (Spain), 2004

Research Currently in Progress

  • “Financing Payouts,” with Roni Michaely and Martin Schmalz, 2018.
  • “The Benefits of Selective Disclosure: Evidence from Private Firms,” 2017.