Antonio Bernardo

Robert D. Beyer '83 Term Chair in Management

Phone: (310) 825-2198

antonio.bernardo@anderson.ucla.edu

Biography

Antonio Bernardo is a professor of finance at UCLA Anderson where he has held an appointment since 1994. His research interests are in the areas of corporate finance, information in financial markets, and asset pricing. Professor Bernardo has published papers in many leading academic journals including the Journal of Political Economy, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and the Journal of Law, Economics, and Organization. He is also an award-winning teacher.

Education

Ph.D. Economics, 1994, Stanford University
B.A. Economics, 1989, University of Western Ontario

Interests

Corporate Finance, Information in Financial Markets, Contracts, Asset Pricing
  • Antonio E. Bernardo, Hongbin Cai, and Jiang Luo. (2009). Motivating Entrepreneurial Activity in a Firm. Review of Financial Studies, 22, 1089-1118.
  • Antonio E. Bernardo, Bhagwan Chowdhry, and Amit Goyal. (2007). Growth Options, Beta, and the Cost of Capital. Financial Management, 36, 1-13.
  • Antonio E. Bernardo, Jiang Luo, and James Wang. (2006). A Theory of Socialistic Internal Capital Markets. Journal of Financial Economics, 80, 485-509.
  • Antonio E. Bernardo, Hongbin Cai, and Jiang Luo. (2004). Capital Budgeting in Multi-Division Firms: Information, Agency, and Incentives. Review of Financial Studies, 17, 739-767.
  • Antonio E. Bernardo, and Ivo Welch. (2004). Liquidity and Financial Market Runs. Quarterly Journal of Economics, 119, 135-158.
  • Antonio E. Bernardo and Ivo Welch. (2012). Leverage and Pre-emptive Selling of Financial Institutions. forthcoming Journal of Financial Intermediation. [ Download ]
  • Antonio E. Bernardo, Bhagwan Chowdhry, and Amit Goyal. (2012). Assessing Project Risk. forthcoming Journal of Applied Corporate Finance. [ Download ]
  • Antonio E. Bernardo, Hongbin Cai, and Jiang Luo. (2012). Accounting vs. Stock-Price Based Incentives in Managerial Compensation Contracts. [ Download ]
  • Antonio E. Bernardo, Eric Talley, and Ivo Welch. (2011). A Model of Optimal Corporate Bailouts. [ Download ]