Head shot of Karl Diether

Karl Diether

Professor of Finance, Goldman Sachs Fellow,
Finance
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Website: http://diether.org

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Biography

Karl Diether is the David and Verla Sorensen Professor of Finance at Brigham Young University's Marriott School of Business. He joined BYU Marriott as a faculty member in 2013. the Prior to joining the Marriott School of Business, he was an Associate Professor of Finance at Dartmouth College, in the Tuck School of Business from 2009 to 2013, and from 2003 to 2009 he was an Assistant Professor of Finance at The Ohio State University, in the Fisher College of Business.

Karl is an Editor of Management Science. He has been an editor at Management Science since 2016. Before that (2014 - 2016) he served as an Associate Editor of Management Science.

Professor Diether's research has been published in the top Finance journals and has garnered many awards. He has won both the Smith Breeden Prize (Distinguished Paper Winner of the Best Paper Published in the Journal of Finance in Asset Pricing) and Fama-DFA Prize (Distinguished Paper Winner of Fama-DFA Prize for the Best Paper Published in the Journal of Financial Economics in Asset Pricing). His work is also well cited. His paper, Differences of Opinion and the Cross Section of Stock Returns, has been cited over 2,000 times according to Google Scholar, and his total citations, as of the end of 2020, are well over 4,000.

Professor Diether received his PhD in finance from the University of Chicago in 2004. He received in BA in economics from Brigham Young University in 1998.

Education

  • Ph.D., Finance, University of Chicago, 2003
  • Bachelor of Arts, Economics, Brigham Young University, 1998

Selected Publications

  • "Legislating Stock Prices (Fama-DFA Prize for the Best Paper Published in the Journal of Financial Economics in Asset Pricing (Distinguished Paper))", Journal of Financial Economics, Edition 3, Volume 110, Pages 574–595, 2013
  • "Misvaluing Innovation", Review of Financial Studies, Edition 3, Volume 26, Pages 635-666, 2013
  • "It’s SHO Time! Short-sale Price Tests and Market Quality", Journal of Finance, Edition 1, Volume 64, Pages 37-73, 2009
  • "Short-Sale Strategies and Return Predictability", Review of Financial Studies, Edition 1, Volume 64, Pages 1343-1368, 2009
  • "Shorting Demand and Predictability of Returns", Journal of Investment Management, Edition 1, Volume 7, Pages 36-52, 2009
  • "Supply and Demand Shifts in the Shorting Market (Smith Breeden Prize for the Best Paper Published in the Journal of Finance in Asset Pricing (Distinguished Paper))", Journal of Finance, Volume 62, Pages 2061-2096, 2007
  • "Differences of Opinion and the Cross Section of Stock Returns in The Psychology of World Equity Markets", The Psychology of World Equity Markets, Edward Elgar Publishing, Werner De Bondt, 2005
  • "Differences of Opinion and the Cross Section of Stock Returns", Journal of Finance, Volume 57, 2002

Experience

Academic - Post-Secondary

  • Associate Professor, Brigham Young Yniversity, 2013–0
  • Associate Professor, Tuck School of Business at Dartmouth College, 2009–2013
  • Assistant Professor, Ohio State Univeristy, 2004–2009
  • Instructor, Ohio State University, 2003–2004

Awards

  • Runner-Up Winner of Whitebox Prize for Outstanding Contribution (Published the Year Prior) to the Art and Science of Investing, 2014., 2014
  • Winner of Fama-DFA Prize for the Best Paper Published in the Journal of Financial Economics in Asset Pricing (Distinguished Paper), 2013., 2014
  • Winner of Columbia Millstein Center and Investor Responsibility Research Center Grant, 2014., 2013
  • Undergraduate Program Teaching Award, Fisher College of Business at The Ohio State University, 2008
  • Winner of Smith Breeden Prize for the Best Paper Published in the Journal of Finance in Asset Pricing (Distinguished Paper), 2007., 2007
  • Winner of New York Stock Exchange Best Paper Award (Winter Research Conference on the Microstructure of International Financial Markets), 2006, 2006

Professional Citizenship

  • Management Science, Editor, Associate Editor, June 2016–February 2022
  • Management Science, Editor, Associate Editor, July 2014–May 2016