Richard Townsend
Associate Professor of Finance
UC San Diego and NBER
Publications
Flight to Safety: How Economic Downturns Affect Talent Flows to Startups
with Shai Bernstein and Ting Xu
Review of Financial Studies, Forthcoming
Does Career Risk Deter Potential Entrepreneurs?
with Joshua D. Gottlieb and Ting Xu
RFS Editor's Choice
Review of Financial Studies, 2022, 35(9), Lead Article
Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets
with Kelly Shue
AQR Insight Award (1st Prize)
Journal of Finance, 2021, 76(5): 2307-2357
How Do Consumers Fare When Dealing with Debt Collectors? Evidence from Out-of-Court Settlements
with Ing-Haw Cheng and Felipe Severino
RFS Editor's Choice
Review of Financial Studies, 2021, 34(4): 1617-1660, Lead Article
with Shai Bernstein and Timothy McQuade
Journal of Finance, 2021, 76(1): 55-111
Are Early Stage Investors Biased Against Women?
with Michael Ewens
Journal of Financial Economics, 2020, 135(3): 653-677
How Do Quasi-Random Option Grants Affect CEO Risk-Taking?
with Kelly Shue
Journal of Finance, 2017, 76(6): 2551-2588
Growth Through Rigidity: An Explanation for the Rise in CEO Pay
with Kelly Shue
JFE Jensen Prize for Best Papers in Corporate Finance and Organizations (2nd Prize)Â
Journal of Financial Economics, 2017, 123(1): 1-21, Lead Article
The Impact of Venture Capital Monitoring
with Shai Bernstein and Xavier Giroud
Journal of Finance, 2016, 71(4): 1591-1622
Propagation of Financial Shocks: The Case of Venture Capital
Management Science, 2015, 61(11): 2782-2802
Working Papers
Political Sentiment and Innovation: Evidence from Patenters
with Joseph Engelberg, Runjing Lu, and William Mullins
Revise and Resubmit, Review of FInancial Studies
Fencing Off Silicon Valley: Cross-Border Venture Capital and Technology Spillovers
with Ufuk Akcigit, Sina Ates, Josh Lerner, and Yulia Zhestkova
Revise and Resubmit, Journal of Monetary Economics
Do Startups Benefit from Their Investors' Reputation: Evidence from a Randomized Field Experiment
with Shai Bernstein, Kunal Mehta, and Ting Xu
How Resilient is Venture-Backed Innovation? Evidence from Four Decades of U.S. Patenting
with Sabrina Howell, Josh Lerner, and Ramana Nanda