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Professor Ane Tamayo

Professor of Accounting

Research interests

  • Impact of accounting information on capital markets
  • Role of financial intermediaries in capital markets
  • Empirical asset pricing and portfolio allocation
  • Corporate governance/finance 


  • "Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing", with Ramin Baghai and Henri Servaes, Journal of Finance, 2014, vol. 69(5), 1961-2005.
  • "How Do Industry Peers Respond to Control Threats?", with Henri Servaes, Management Science, 2014, vol. 60(2), 380-399.
  • "Targets' Earnings Quality and Bidders' Takeover Decisions", with Kartik Raman and Lakshmanan Shivakumar, Review of Accounting Studies, 2013, vol.18 (4), 1050-1087.
  • "The Impact of Corporate Social Responsibility on the Value of the Firm: The Role of Customer Awareness", with Henri Servaes, Management Science, 2013, vol.59(5), 1045-1061.
  • "Equity Analysts and the Market’s Assessment of Risk", with Daphne Lui and Stanimir Markov, Journal of Accounting Research, 2012, vol. 50, 1287-1317.
  • "Payout Yield, Risk, and Mispricing: A Bayesian Analysis", with Jay Shanken, Journal of Financial Economics, 2012, vol. 105, 131-152.
  • "Does Fair Value Reporting Affect Risk Management? International Survey Evidence", with Karl Lins and Henri Servaes, Financial Management, 2011, vol.40(3), 525-551.
  • " The Theory and Practice of Corporate Risk Management", with Henri Servaes and Peter Tufano, Journal of Applied Corporate Finance, 2009, vol. 21, 60-78.
  • "What Makes a Stock Risky? Evidence from Sell-Side Analysts' Risk Assessments", with Daphne Lui and Stanimir Markov, Journal of Accounting Research, 2007, vol. 45, 629-665.
  • "Predictability in Financial Analyst Forecast Errors: Learning or Irrationality?", with Stanimir Markov, Journal of Accounting Research, 2006, vol. 44, 725-761.

Appointments, awards and honours

Editorial Board memberships   
        ■  European Accounting Review
        ■  Journal of Business Finance and Accounting (Associate Editor)        

Selected awards
        ■  Inquire Europe Award 
        ■  Inquire UK Award    
        ■  John Olin Foundation Fellowship, University of Rochester 
        ■  William E. Simon School Fellowship, University of Rochester  
        ■  Basque Country Government Science and Research Fellowship, Spain





Contact information

Department of Accounting
Room OLD 5.05
London School of Economics and Political Science
Houghton Street
London WC2A 2AE

Phone: +44 (0)20 7849 4689
Fax: +44 (0)20 7242 3912

Email: a.m.tamayo@lse.ac.uk

Administrative contact

Justin Adams, Administrator
Room OLD 3.20
Tel: +44 (0)20 7955 6542
Email: j.adams5@lse.ac.uk