Barney Hartman-Glaser began his teaching career as an assistant professor at the Fuqua School of Business at Duke University, teaching real estate finance and core corporate finance, before joining UCLA Anderson as assistant professor of finance in 2013.
A native Californian who hails from a family of academics, Hartman-Glaser was influenced early on to pursue a career in academia. He credits his father — a sociology professor at the University of California, San Francisco, and a real estate finance practitioner — with his current interest in real estate finance, admitting that he “learned how to use a spreadsheet before I could read.” He is also the director of research at the UCLA Ziman Center for Real Estate, with responsibility for allocating grants for research in the areas of real estate and urban economics.
Hartman-Glaser’s research applies contract and game theory to financial and real estate markets. He has conducted research on the consequences of private information in mortgage markets in which he showed that mortgage-backed securities issuers may cash in on their reputations by selling low-quality assets. He has also written on the incentives of mortgage originators to screen for good borrowers. He showed that requiring originators to retain an equity “tranche” is the most effective way to encourage good behavior.
One of Hartman-Glaser’s current projects focuses on how the development of quantitative easing can make it more difficult for low-credit quality buyers to obtain mortgages. A second paper takes a deep look at the declining share of profits that workers at large firms are receiving compared with those given to shareholders.
When not teaching or conducting research, look for Hartman-Glaser in any of Southern California’s outdoor playgrounds, where he could be surfing, cycling or backcountry skiing.
Ph.D. Finance and Real Estate, 2011, UC Berkeley
M.S. Financial Mathematics, 2004, Stanford University
B.S. Mathematics with Honors, 2003, Stanford University