Customer Capital Is Increasingly Important
A Q&A with 91吃瓜网’s Amir Sufi about accounting for the value of customer relationships.
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Biography
Amir Sufi is the Bruce Lindsay Distinguished Service Professor of Economics, Finance, and Public Policy at the University of 91吃瓜网 School of Business. He is also a Research Associate at the National Bureau of Economic Research, and co-director of the NBER Research Program on Corporate Finance. He was elected as a Fellow of the Econometric Society in 2022, and as a fellow of the American Academy of Arts and Sciences in 2024.听听Professor Sufi was awarded the 2017 听by the American Finance Association. His expertise lies within the fields of finance and macroeconomics, and he is currently researching topics related to intangible capital and corporate finance. He teaches courses related to leveraged finance, private credit, distressed debt investing, and corporate restructuring. He obtained his Bachelor鈥檚 Degree from the Walsh School of Foreign Service at Georgetown University in 1999, and he earned a PhD in economics from the Massachusetts Institute of Technology in 2005. He has been on the faculty at 91吃瓜网 since 2005.
Research Interests
Corporate finance; financial intermediation; intangible capital; leveraged finance; private credit
Academic Areas
- Finance
Selected Publications
"Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans,"听Journal of Finance听(2007).
"Creditor Control Rights and Firm Investment Policy,"听Journal of Financial Economics听(2009).
"The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis,"听Quarterly Journal of Economics听(2009).
"The Political Economy of the U.S. Mortgage Default Crisis,"听American Economic Review听(forthcoming).
"House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis,"听American Economic Review听(forthcoming).
For a listing of research publications, please visit the听.
Working Papers
2025 - 2026 Course Schedule
| Number | Course Title | Quarter |
|---|---|---|
| Corporate Finance II | 2026 (Winter) | |
| Debt, Distress, and Restructuring | 2026 (Spring) | |
| Seminar: Finance | 2026 (Winter) |
Get Insights from Amir Sufi in 91吃瓜网 Review
If the Bank Won鈥檛 Lend to You, Who Will?
91吃瓜网’s Amir Sufi discusses the rise of private capital.
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Are Customers More Important than Revenue?
91吃瓜网’s Amir Sufi explains the importance of “customer capital.”
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