Joshua Pollet

Joshua Pollet

Associate Professor of Finance and Seass Faculty Fellow

  • Email

Contact

4028 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-300-1961

pollet@illinois.edu

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Educational Background

  • Ph.D., Economics, Harvard University, 2004
  • B.A., Magna Cum Laude, Economics, Emory University, 1998

Positions Held

  • Associate Professor, University of Illinois, 2012 to present
  • Associate Professor, Michigan State University, 2009-2012
  • Assistant Professor, Emory University, 2008-2009
  • Assistant Professor, University of Illinois, 2004-2008

Recent Publications

  • Jegadeesh, N., Roman, K., & Pollet, J. (2015). Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices. Review of Financial Studies, 28 (12), 3269-3302.
  • Hilscher, J., Pollet, J., & Wilson, M. (2015). Are credit default swaps a sideshow? Evidence that information flows from equity to CDS markets. Journal of Financial and Quantitative Analysis, 50 (3), 543-567.
  • DellaVigna, S., & Pollet, J. (2013). Capital Budgeting vs. Market Timing: An Evaluation Using Demographics. Journal of Finance, 68 (1), 237-270.

Other Publications

Article

  • Deuskar, P., Pollet, J., Wang, Z., & Zheng, L. (2011). The Good or the Bad? Which Mutual Fund Managers Join Hedge Funds? Review of Financial Studies, 24 (9), 3008-3024.
  • Pollet, J., & Wilson, M. (2010). Average Correlation and Stock Market Returns. Journal of Financial Economics, 96 (3), 364-380.
  • DellaVigna, S., & Pollet, J. (2009). Investor Inattention and Friday Earnings Announcements. Journal of Finance, 64 (2), 709-749.
  • Pollet, J., & Wilson, M. (2008). How Does Size Affect Mutual Fund Behavior? Journal of Finance, 63 (6), 2941-2969.
  • DellaVigna, S., & Pollet, J. (2007). Demographics and Industry Returns. American Economic Review, 97 (5), 1667-1702.

Chapter in a Book

  • Brown, J., Liebman, J., & Pollet, J., M. Feldstein and J. Liebman (Ed.) (2002). Estimating Life Tablets that Reflect Socioeconomic Differences in Mortality. The Distributional Effects of Social Security Reform ( pp. 447-457). Chicago, IL: University of Chicago Press.

Presentation

  • Pearson, N., Muravyev, D., & Pollet, J. (2017). Is There A Risk Premium in the Stock Lending Market: Evidence from Equity Options. HEC-McGill Winter Finance Workshop.
  • Pearson, N., Muravyev, D., & Pollet, J. (2016). Risk Premia in the Stock Lending Market: Evidence from Equity Options. NUS Risk Management Conference.
  • Deuskar, P., Wang, Z., Zheng, L., & Pollet, J. (2011). The good, the bad or the expensive? Which mutual fund managers join hedge funds? UC Davis Symposium on Financial Institutions and Intermediaries.
  • Deuskar, P., Wang, Z., Zheng, L., & Pollet, J. (2010). The good, the bad or the expensive? Which mutual fund managers join hedge funds? American Finance Association Meetings.
  • Deuskar, P., Wang, Z., Zheng, L., & Pollet, J. (2009). The good, the bad or the expensive? Which mutual fund managers join hedge funds? 2009 China International Conference in Finance.
  • Deuskar, P., Wang, Z., Zheng, L., & Pollet, J. (2009). The good, the bad or the expensive? Which mutual fund managers join hedge funds? Fourth Biannual FIRS Finance Conference.
  • Widdicks, M., Pollet, J., & White, J. (2008). Executive Stock Option Exercise Behavior with Consumption and Overconfidence. European Finance Association Annual Meeting.
  • Pollet, J., & DellaVigna, S. (2005). Strategic Release of Information on Friday: Evidence from Earnings Announcements. Adam Smith Asset Pricing Conference.
  • Pollet, J., & DellaVigna, S. (2005). Strategic Release of Information on Friday: Evidence from Earnings Announcements. American Economic Association Meetings.
  • Pollet, J., & DellaVigna, S. (2004). Strategic Release of Information on Friday: Evidence from Earnings Announcements. Hong Kong University of Science and Techology.
  • Pollet, J., & DellaVigna, S. (2004). Attention, Demographics, and the Stock Market. American Economic Association Meetings.
  • Pollet, J., & DellaVigna, S. (2003). Attention, Demographics, and the Stoci Market. National Bureau of Economic Research, Behavioral Finance Meetings.

Working Paper

  • Huang, J., Pollet, J., & Weisbenner, S. (2019). The Impact of Seeking Prestige: Corporate Decisions Around the Fortune 100 Threshold.
  • Muravyev, D., Pearson, N., & Pollet, J. (2018). Understanding Returns to Short Selling Using Option-Implied Stock Borrowing Fees.
  • Pollet, J., & Widdicks, M. (2018). Share Retention, Executive Optimism, and Partial Option Exercise.
  • Roman, K., Kraussl, Z., Pollet, J., & Rinne, K. (2018). The Performance of Marketplace Lenders: Evidence from Lending Club Payment Data.
  • Chaudhuri, R., Ivkovich, Z., Pollet, J., & Trzcinka, C. (2017). PhDs in Institutional Money Management: A Tangled Tale of Talent and Training.
  • Cunha, I., & Pollet, J. (2017). Why do Firms Hold Cash? Evidence from Demographic Demand Shifts.
  • Brown, J., & Pollet, J. (2015). The In-State Equity Bias of State Pension Plans.

Honors and Awards

  • A Robert and Helen P Seass Fellowship, University of Illinois Gies College of Business, 2013 to present
  • Best Professor in Core Courses, Department of Finance, 2017

Research Interests

The dominant component of Pollet's research program analyzes the reaction of stock prices and derivatives prices to various types of information. Because the behavior of corporate managers is affected by stock prices, the response of stock prices to information may also influence management decisions. In particular, this research theme examines the relation between investor inattention and stock prices as well as the relation between investor inattention and the decisions of corporate managers. Although investor inattention is the primary focus, Pollet's research is also comprised of several projects investigating other topics, including the trade-off between aggregate risk and expected return, the link between price impact (liquidity constraints) and the investment decisions of mutual fund managers, and the decision of mutual fund managers to join hedge funds.

Current Courses

  • Investments (FIN 511) Introduction to investment analysis, including the theory and implementation of portfolio theory; empirical evidence on the performance of financial assets; evaluation of portfolio investment strategies; and the extension of diversification to international markets.

Contact

4028 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-300-1961

pollet@illinois.edu

Vita

SSRN