Contact

326 Mervis Hall
awkoch@katz.pitt.edu
412-648-1187
Personal Website

Profile

Andrew Koch is an associate professor of finance in the Katz Graduate School of Business at the University of Pittsburgh. His research covers several topics, most of which are related to corporate finance and financial institutions. Recent work includes studies of how institutional investors work together to improve firm governance, and whether or not common institutional ownership creates anti-competitive product markets. Andrew received his PhD from The University of Texas at Austin in 2011.

Courses Recently Taught

• Financial Risk Management, 2019-present
• PhD seminar on Institutional Investors, 2015-present
• Introduction to Finance, University of Pittsburgh, 2011-2018

Professional Service

• Associate Editor, Financial Management, 2022-present

Awards and Honors

• Katz Excellence in Research Award 2015-2018
• BNY Mellon Faculty Fellow, University of Pittsburgh, 2011-2013
• Dean’s Fellowship, University of Texas at Austin, 2005-2010
• David Bruton, Jr. Graduate School Fellowship, University of Texas at Austin, 2008
• Dulan Fellowship, University of Texas at Austin, 2008
• William W. and Ruth F. Cooper Fellowship, University of Texas at Austin, 2005
• Preemptive Recruitment Fellowship, University of Texas at Austin, 2005
• Eller Fellowship, University of Arizona, 2003-2005

Degrees

• PhD, Finance, University of Texas at Austin
• MBA, Business Administration, University of Arizona
• BS, Industrial and Systems Engineering, Georgia Institute of Technology

Recent Publications

• “Real Effects of Markets on Politics: Evidence from U.S. Presidential Elections” (2023), American Economic Review: Insights, with Alan Crane and Leming Lin
• “Common Ownership and Competition in Product Markets” (2021) Journal of Financial Economics, with Marios Panayides, and Shawn Thomas
• “Firms and Social Responsibility: A Review of ESG and CSR Research in Corporate Finance” (2021), Journal of Corporate Finance, with Stu Gillan and Laura Starks.
• “Institutional Investor Cliques and Governance” (2019), Journal of Financial Economics, with Alan Crane and Sebastien Michenaud.
• “Shareholder Litigation and Ownership Structure: Evidence from a Natural Experiment” (2018), Management Science, with Alan Crane
• “Choosing the Precision of Performance Metrics” (2018), Journal of Financial and Quantitative Analysis, with Alan Crane and Chishen Wei.
• “Getting the Incentives Right: Backfilling and Biases in Executive Compensation Data” (2017), Review of Financial Studies, with Stu Gillan, Jay Hartzell, and Laura Starks.
• “Herd Behavior and Mutual Fund Performance” (2017), Management Science.
• “Commonality in Liquidity: A Demand-side Explanation” (2016), Review of Financial Studies, with Stefan Ruenzi and Laura Starks.

Academic Area

Finance