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Mark Seasholes

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Professor
Faculty, TEMPE Campus, Mailcode 3906
Biography: 

Mark Seasholes conducts research in the field of financial economics, focusing on trading behavior and asset prices around the world. He has written on cross-border equity investments, herding behavior of individual investors, and loss aversion. Seasholes has teaching experience in a number of countries, cultures, and universities, including Harvard University; Santa Clara University; University of Texas at Austin; London Business School; INSEAD, France; University of Grenoble, France; and the Hong Kong University of Science and Technology. 

His work experience includes a number of years on Wall Street and in the emerging markets of East/Central Europe. Seasholes was one of the first equity analysts in post-communist Poland. He has completed a valuation project in Honduras, helped with the Lloyds of London restructuring, and given a series of lectures in China. He also worked with State Street Bank and Trust and their portfolio flow indices.  

Education: 
  • Ph.D. Harvard University 2000
  • M.A. Harvard University 1997
  • B.A. Wesleyan University 1990
Research Interests: 
  • Asset Pricing
  • Market Frictions
  • International Markets
Publications: 
  • “Investing in What You Know: The Case of Individual Investors and Local Stocks” (with N. Zhu) 2013, Journal of Investment Management 11 (1), 20-30.
  • “Risk and the Cross-Section of Stock Returns” (with R. Burlacu, S. Jimenez-Garces, and P. Fontaine) 2012, Journal of Financial Economics 105, 511-522.
  • “Trading Imbalances and the Law of One Price” (with C. Liu) 2011, Economics Letters 112, 132-134.
  • “Individual Investors and Local Bias” (with N. Zhu) 2010, Journal of Finance, 65(5) October, 1987-2011.
  • “Time-Variation in Liquidity: The Role of Market Maker Inventories and Revenues” (with C. Comerton-Forde, T. Hendershott, C. Jones, and P. Moulton) 2010, Journal of Finance, 65(1), 295-331.
  • “Trading Imbalances, Predictable Reversals, Cross-Stock Price Pressure” (with S. Andrade and C. Chang) 2008, Journal of Financial Economics, 88(2) May, 406-423.
Research Activity: 
  • "Asset Price Dynamics with Limited Attention”, “Information Production, Volume, and Return Dynamics”, “Common Factors, Information, and Portfolio Choice”
Fall 2021
Course NumberCourse Title
FIN 502Managerial Finance
Fall 2020
Course NumberCourse Title
FIN 502Managerial Finance
Fall 2019
Course NumberCourse Title
FIN 502Managerial Finance
Spring 2019
Course NumberCourse Title
FIN 591Seminar
Fall 2018
Course NumberCourse Title
FIN 502Managerial Finance
Spring 2018
Course NumberCourse Title
FIN 591Seminar
Fall 2017
Course NumberCourse Title
FIN 502Managerial Finance
Honors / Awards: 
  •    JOIM Special Distinction Award, 2013
  •    Franklin Prize Finalist, HKUST, 2009, 2011
  •    FMA Best Paper Award in Market Microstructure 2007
  •    GSAM Quant Best Paper Prize, 2006
  •    Cheit Award (Executive MBA), UC Berkeley, Dec 2005
  •    Cheit Award (Daytime MBA), UC Berkeley May 2002
  •    Cheit Award (Undergraduate), May 2002, May 2001 (2nd place)
Work History: 

Arizona State University: Professor, 2016-present Harvard Business School: Visitor, July 2015- December 2015 HKUST: Professor, 2011- 2015, Associate Professor 2008-2011 U.C. Berkeley, Assistant Professor, 2000-2007