Igor Makarov

Associate Professor of Finance

Research Interests

• Asset pricing
• Information in asset markets
• Delegated portfolio management
• Hedge funds

Selected Papers

• Rewarding Trading Skills Without Inducing Gambling, Journal of Finance, forthcoming, (with G. Plantin)

• Equilibrium Subprime Lending, 2013,  Journal of Finance, 68(3), 849-879, (with G. Plantin)

• CDS Auctions, 2013, Review of Financial Studies, 26(3), 768-805, (with M. Chernov and A. Gorbenko)

• Forecasting the Forecasts of Others: Implications for Asset Pricing, 2012, Journal of Economic Theory, 147, 941-966, (with O. Rytchkov)

• The Equity Risk Premium and the Risk-free Rate in an Economy with Borrowing Constraints, 2007, Mathematics and Financial Economics, 1, 1-19, (with L. Kogan  and R. Uppal)

• An Econometric Analysis of Serial Correlation and Illiquidity in Hedge-Fund Returns, 2004, Journal of Financial Economics, 74, 529-609, (with M. Getmansky and A. Lo)

• Debt Overhang and Barter in Russia, 2002,  Journal of Comparative Economics, 30, 635-656, (with  S. Guriev and M. Maurel)

Teaching

• Office hours (internal LSE access only)

Lectures/classes

• FM423 Asset Markets
  Current students click here for course information

• FM436 Financial Economics
  Current students click here for course information