Brad M. Barber
Faculty Profile

Brad M. Barber
Professor of Finance

Research Expertise: Finance, investments and financial markets, corporate financial policy, market for corporate control, analyst recommendations, and investor behavior

Courses Taught: Financial Theory and Policy,  Investment Analysis and Corporate Financial Policy

Fast Facts

  • Internationally renowned investor behavior and finance expert whose work offers fresh insights on mutual funds, gender-related overconfidence in stock trading, reliability of stock analysts’ recommendations, and how active trading of equities is “hazardous to your wealth.”
  • Helps students prepare for global business leadership with opportunities like the center’s fellowships at CalPERS and CalSTRS, the nation’s two largest public pension funds.

Professor Brad Barber is an internationally recognized authority on investor psychology, stock analyst recommendations, online trading and mutual fund performance. His research includes the effect of expenses on money flowing into mutual funds, gender-related overconfidence in stock trading, the impact of coordinated trading by individual investors, and how active equity trading is hazardous to individual investor wealth.

Barber has experience consulting litigation support for financial fraud, antitrust and lost profits cases.

He is often quoted and his research has been covered extensively in the media, including Bloomberg BusinessWeek, Time, Reuters, the Wall Street Journal and the New York Times, and has appeared on ABC News, NBC Nightly News, CNN, MSNBC and CNBC.

Barber is one of the top 50 finance scholars in the world ranked by total citations. He has published groundbreaking research in leading academic journals, including the Journal of Finance, the Journal of Financial Economics, Review of Financial Studies, the Journal of Political Economy, Quarterly Journal of Economics, American Sociological Review, the Journal of Financial and Quantitative Analysis, and the Financial Analyst Journal.

Barber received a Ph.D. in finance and MBA from the University of Chicago, as well as a B.S. in economics from the University of Illinois, Urbana.

Barber teaches courses in investment analysis and corporate financial policy. He is a regular speaker at international academic and industry conferences.


Brad M. Barber Awards

  • Moskowitz Prize for Socially Responsible Investing, University of California, Berkeley Center for Responsible Business. 2016
  • Top 50 (Finance) Authors Ranked by Total Citations, “The Relative Significance of Finance Journals, Authors and Articles: An Update,” a study by M. Alderson, A. Saporoschenko and A. Nasseh, Advances in Financial Education, 2009.
  • Maurice J. and Marcia G. Gallagher Chair in Finance, UC Davis Graduate School of Management, 2008.
  • Best Conference Paper, European Finance Association, “All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors,” (with T. Odean), 2005.
  • Graham and Dodd Award of Excellence, Chartered Financial Analyst Institute, “Too Many Cooks Spoil the Profits: Investment Club Performance.” Financial Analyst Journal, (with T. Odean), 2000.
  • Fama-DFA Prize for Best Paper, Journal of Financial Economics, “Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics,” (with J. Lyon), 1997.
  • All-star Paper, Journal of Financial Economics, “Detecting Abnormal Operating Performance,” (with J. Lyon), 1996.
  • Teacher of the Year, UC Davis Graduate School of Management; 2004-05, 1998-99, 1996-99, 1991-92.
  • Outstanding 2nd Year Ph.D. Candidate, University of Chicago, 1987.