Dr. Hendrik Bessembinder is a professor and the Francis J. and Mary B. Labriola Endowed Chair in Competitive Business. He returned to Arizona State University, where taught for a decade before heading to Emory University and the University of Utah. Prior to his first assignment with ASU, Professor Bessembinder taught at the University of Rochester. His research focuses on the design and regulation of financial markets, including stock, foreign exchange, fixed income, futures, and energy markets. He has published numerous articles in the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies, among others. 

A frequent speaker at conferences, financial markets, and universities around the world, Professor Bessembinder has more than 20 years of successful consulting experience, providing strategic advice and analysis for major firms, financial markets, and government agencies. 

• "A Survey of the Microstructure of Fixed-Income Markets” (with Chester Spatt and Kumar Venkataraman), Journal of Financial and Quantitative Analysis, February 2020
• "Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange” with Jia Hao and Kuncheng Zheng, Review of Financial Studies, January 2020
• “Characteristic-Based Benchmark Returns and Corporate Events” (with Mike Cooper and Feng Zhang), Review of Financial Studies, January 2019.
• "Capital Commitment and Illiquidity in Corporate Bonds (with William Maxwell, Stacey Jacobsen, and Kumar Venkataraman), Journal of Finance, August 2018.
• "Do Stocks Outperform Treasury Bills?", Journal of Financial Economics, September 2018. 
• "The Roll Yield Myth", Financial Analysts Journal, 2nd Quarter 2018.
• “Liquidity, Resiliency, and Market Quality around Predictable Trades: Theory and Evidence” (with Al Carrion, Laura Tuttle, and Kumar Venkataraman), Journal of Financial Economics, July 2016.
• “Market Making Contracts, Firm Value, and the IPO Decision” (with Jia Hao and Kuncheng Zheng), Journal of Finance, October, 2015.
• “Predictable Corporate Distributions and Stock Returns” (with Feng Zhang), Review of Financial Studies, April 2015.
• “Firm Characteristics and Long-run Stock Returns after Corporate Events” (with Feng Zhang), Journal of Financial Economics, July 2013.
• “Noisy Prices and Inference Regarding Returns” (with Elena Asparouhova and Ivalina Kalcheva), Journal of Finance, April 2013.
• “Liquidity Biases in Asset Pricing Tests” (with Elena Asparouhova and Ivalina Kalcheva), Journal of Financial Economics, May 2010.
• “Hidden Liquidity: An Analysis of Order Exposure Strategies in Automated Markets” (with Kumar Venkataraman and Marios Panayides), Journal of Financial Economics, December 2009.
• “Measuring Abnormal Bond Performance” (with William Maxwell, Kathleen Kahle, and Danielle Xu), Review of Financial Studies, October 2009.