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Faculty and Staff

George M. Korniotis

George M. Korniotis

Associate Professor, Finance

(305) 284-5728
Jenkins 514J
gkorniotis@bus.miami.edu


Research Interests

  • Asset Pricing
  • Behavioral Finance
  • Individual Investor Behavior

Selected Publications

Stature, Obesity, and Portfolio Choice, with J. Addoum and A. Kumar, 2017, Forthcoming at Management Science

The Human Capital that Matters: Expected Returns and High-Income Households, with S. Campbell, S. Delikouras and D. Jiang, Review of Financial Studies, 2016, 29(9), 2523-2563

Local Business Cycles and Local Liquidity, with G. Bernile, A. Kumar, and Q. Wang, Journal of Financial and Quantitative Analysis, 2015, 50(5), 987–1010

Income Risk Hedging and Portfolio Decisions, with Y. Bonaparte and A. Kumar, Journal of Financial Economics, 2014, 113(2), 300–324

Do Portfolio Distortions Reflect Superior Information or Psychological Biases?, with A. Kumar; Journal of Financial and Quantitative Analysis, 2013, 48(1), 1-45

State-Level Business Cycles and Local Return Predictability, with Alok Kumar; Journal of Finance, 2013, 68(3), 1037-1096; featured in New York Times (June 15, 2008) and Minneapolis Star Tribune (June 22, 2008)

Do Behavioral Biases Adversely Affect The Macro-Economy? with Alok Kumar, Review of Financial Studies, 2011, 24(5), 1513 – 1559

Do Older Investors Make Better Investment Decisions? with Alok Kumar, Review of Economics and Statistics, February 2011, 93(1), 1244 – 265; featured in The New York Times on December 4, 2005, The Wall Street Journal, February 13, 2010, and The Wall Street Journal, December 4, 2010

Estimating Panel Models with Internal and External Habit Formation, Journal of Business and Economic Statistics, 2010, 28(1): 145-158.

Habit Formation, Incomplete Markets, and the Significance of Regional Risk for Expected Returns, Review of Financial Studies, 2008, 21(5): 2139 – 2172


Honors and Awards

  • Best Elective Course in MBA and MSF programs, University of Miami, 2015
  • Provost Research Award, University of Miami, 2011, 2013, and 2014
  • Cowles Prize, Cowles Foundation for Economic Research, Yale University, May 2002 and 2000
  • Prize of the President of the Republic of Cyprus for Academic Excellence, June 1998
  • Four Awards of academic excellence, Department of Economics, University of Cyprus, 1994–1998
  • Valedictorian, University of Cyprus, June 1998

Teaching and Professional Experience

  • Taught at the University of Notre Dame and served as graduate student teaching assistant at Yale University
  • Served on various committees at the Board of Governors of the Federal Reserve System in DC on issues related to bank regulation and supervision
  • Summer intern, International Monetary Fund, 2000

Degrees

  • Ph.D., Yale University, 2003
  • M.Phil., Yale University, 2002
  • , Yale University, 2001
  • B.Sc., valedictorian, University of Cyprus, 1998

    School of Business Administration
    P.O. Box 248027, Coral Gables, Florida 33124-6520
 
 
TEL: 305-284-4643
FAX: 305-284-6526
 
GRADUATE: 305-284-2510
UNDERGRADUATE: 305-284-4641