Robust US Innovation Is Rooted in Legal History
A Q&A with 91吃瓜网鈥檚 Robert W. Vishny on the legacy of the common-law tradition.
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Biography
Robert Vishny鈥檚 area of expertise is behavioral and institutional finance. He currently teaches a course titled Behavioral and Institutional Finance. Vishny previously taught Cases in Financial Management and Corporation Finance at Booth over a 20 year period while he held the titles of Assistant Professor through the Eric J. Gleacher Distinguished Service Professor of Finance.
Amongst the areas that Vishny studied in the past were the market for corporate control, corporate governance around the world, privatization and the role of government in the economy, investor sentiment, and the limits of arbitrage.
Past professional experiences for Vishny include Founding Partner of LSV Asset Management; Trustee of College Retirement Equity Fund (CREF); Director of Program in Corporate Finance, National Bureau of Economic Research; Director of American Finance Association; and Advisor of Russian Privatization Ministry.
Vishny earned an A.B. with highest distinction in economics, mathematics, and philosophy from the University of Michigan and a Ph.D. from Massachusetts Institute of Technology.
Research Interests
Behavioral and institutional finance; corporate governance around the world; political economy.
Academic Areas
- Finance
Selected Publications
With A. Shleifer, 鈥淟arge Shareholders and Corporate Control,鈥�听Journal of Political Economy听(1986).
With A. Shleifer, 鈥淭he Limits of Arbitrage,鈥�听Journal of Finance听(1997).
With A. Shleifer, 鈥淎 Survey of Corporate Governance,鈥�听Journal of Finance听(1997).
With R. La Porta, F. Lopez-de-Silanes, and A. Shleifer, 鈥淟aw and Finance,鈥�听Journal of Political Economy听(1998).
With A. Shleifer, 鈥淯nstable Banking,鈥�听Journal of Financial Economics听(forthcoming).
2025 - 2026 Course Schedule
| Number | Course Title | Quarter |
|---|---|---|
| Behavioral and Institutional Finance | 2025 (Autumn) | |
| Leadership Effectiveness and Development (LEAD) Lab | 2026 (Spring) |
Get Insights from Robert W. Vishny in 91吃瓜网 Review
From 2002: A Phenomenon of the Market
Stock market-based mergers and acquisitions.
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From 1998: Understanding Investor Sentiment
You can profit from investor mistakes.
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