Research Expertise: Investment management, capital markets, behavioral finance, empirical asset pricing
Associate Professor Anna Scherbina has studied why sophisticated mutual fund managers may irrationally hold onto stocks that have decreased in value. Her most recent research looks at price determination for luxury real estate, how news events impact stock prices and how the difference of opinion in financial markets effect asset returns.
Scherbina’s work has been published in the Journal of Finance and the Quarterly Review, and she has been a reviewer for numerous national and international academic journals. She is the author of Differences of Opinion in Financial Markets: The Implications for Asset Returns (VDM Verlag Dr. Müller, 2009). She has presented her research at some of the world’s top business schools, including Carnegie Mellon University, the London Business School, the University of Chicago Graduate School of Business, Erasmus University, Harvard Business School and the Fuqua School of Business at Duke University. She has also presented her research to the Board of Governors of the Federal Reserve Bank and to investment professionals at CalPERS and CalSTRS, the nation’s two largest public pension funds.
Scherbina is an adjunct scholar at the American Enterprise Institute. She joined the UC Davis Graduate School of Management in 2007 from Harvard Business School, where she taught MBA courses in finance.
Scherbina received her Ph.D. in finance from the Kellogg Graduate School of Management at Northwestern University, where she also taught a course on corporate finance. She has a B.S. in management information from Polytechnic University in New York.