Andrew Karolyi

Chair of the Board

Andrew Karolyi
Charles Field Knight Dean of the Cornell SC Johnson College of Business and Harold Bierman, Jr. Distinguished Professor of Management

Andrew Karolyi is also a professor of economics in Cornell’s College of Arts and Sciences. Professor Karolyi is a scholar in the area of investment management with a specialization in the study of international financial markets. He has published extensively in journals in finance and economics, including the Journal of Finance, Journal of Financial Economics and Review of Financial Studies, and has published several books and monographs, including his 2015 book Cracking the Emerging Markets Enigma.

His research is featured in print and electronic media, including The Wall Street Journal, Financial Times, The Economist, Time, New York Times, Washington Post, Forbes, BusinessWeek, and CNBC. Karolyi also completed a four-year term as executive editor of the Review of Financial Studies, one of the top-tier journals in finance. He has served as an associate editor for a variety of journals, including the Journal of Finance, Journal of Financial Economics, Journal of Empirical Finance, Journal of Banking and Finance, Review of Finance and the Pacific Basin Finance Journal. He is a recipient of the Michael Jensen Prize for Corporate Finance and Organizations (2017), the Fama/DFA Prize for Capital Markets and Asset Pricing (2005), the William F. Sharpe Award for Scholarship in Finance (2001), the Journal of Empirical Finance’s Biennial Best Paper Prize (2006), and Johnson School’s Prize for Excellence in Research (2010).

He has led various executive education programs in the U.S., Canada, Europe, and Asia, and is actively involved in consulting with corporations, banks, investment firms, stock exchanges, and law firms. Karolyi is the newly elected Chair of the Working Board of Responsible Research in Business and Management (RRBM) and Vice Chair of the UN’s Principles for Responsible Management Education (PRME). He also serves as a Global Advisory Councilor for Accounting for Sustainability (A4S), and an Academic Advisory Councilor for the Kroner Center for Financial Research. He served as a director of the American Finance Association, is past president of the Western Finance Association, and is past chairperson of the board of trustees and past president of the Financial Management Association International.

Karolyi received his BA (Honors) in economics from McGill University and worked at the Bank of Canada for several years in its research department. He subsequently earned his MBA and PhD degrees in finance at the Graduate School of Business of the University of Chicago.