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Christopher Hennessy

Professor of Finance; Chair, PhD Programme

BA (Swarthmore), MA and PhD (Princeton University)

Professor Christopher Hennessy's research focuses on information economics, moral hazard and debt, debt restructuring, tax planning, financing dynamics and credit risk. His work has been published in the Journal of Finance, Journal of Financial Economics and the Review of Financial Studies. He is a three-time winner of the Brattle Prize for outstanding corporate finance research and was recently named one of four rising stars in financial economics for 2010.

He is a Professor of Finance at London Business School and formerly Associate Professor and Finance Area Chair at the Walter A Haas School of Business at University of California, Berkeley. He holds a Master of Public Affairs degree and a PhD in Economics from Princeton University.

Professor Hennessy is currently editor of the Review of Corporate Finance Studies and associate editor of the Review of Finance, Finance Research Letters, and Management Science. He is also a research fellow at the Centre for Economic Policy Research in London and the European Corporate Governance Institute. He is a regular visitor at the Vienna Graduate School of Finance and University of Paris-Dauphine.

Formerly a senior associate at KPMG Peat Marwick and research analyst at the United States Treasury Office of Tax Analysis, Professor Hennessy has chaired the academic advisory board at Acumen Global Partners – a London-based derivatives advisory boutique  –  and served on the academic advisory panel of Benchmark Metrics. He recently received a grant from the European Research Council to study the affect of tax changes on corporate financing decisions.

Research Awards

  • European Research Council Starting Independent Researcher Grant, 2011-2015.

  • Finance Rising Star Award, 2010.

  • Brattle Prize (Outstanding Paper in Journal of Finance), 2004, 2005, and 2007.

  • Barbara and Gerson Bakar Faculty Fellow for 2008, University of California, Berkeley.

  • Guttmann Fellow, 2007, Vienna.

  • Schwabacher Fellow, University of California, Berkeley, 2006. 

  • Junior Faculty Research Grant,  University of California, Berkeley, 2004 and 2005. 

  • Beinkecke Fellowship, 1992-1994.

  • Phi Beta Kappa, Swarthmore College, 1992.

  • Chicago Business Fellow, 1991.

  • Academic All-American, 1988.

Research Interests

  • Taxation
  • Valuation of convertible and callable debt
  • Dynamic capital structure
  • Information economics