NYU Stern

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Thomas Philippon

Thomas Philippon

Joined Stern 2003

Leonard N. Stern School of Business
Tisch Hall
40 West Fourth Street, 9-03
New York, NY 10012

E-mail tphilipp@stern.nyu.edu
Personal website

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Thomas Philippon is an Associate Professor of Finance at the Stern School of Business, New York University. Professor Philippon received his Ph.D. in Economics Massachusetts Institute of Technology(2003), M.A. in Economics Delta-Ehess (1988) and M.A. in Physics Ecole Polytechnique (1997). His research interests include macroeconomics, corporate finance, business cycles, corporate governance, earnings management, and unemployment.

Research Interests

  • Macroeconomics
  • Corporate finance
  • Business cycles
  • Earnings management
  • Unemployment

Courses Taught

  • Corporate Finance Topics
  • Risk Management in Financial Institutions

Academic Background

Ph.D., Economics, 2003
Massachusetts Institute of Technology

M.A., Economics, 1998
Delta-Ehess, France

M.A., Physics, 1997
Ecole Polytechnique, France

Awards & Appointments

Review of Financial Studies Michael Brennan & BlackRock Award, Best Paper 2010
Kiel Institute for the World Economyi Global Economic Fellow 2009 2009
Cercle des économistes/ Le Monde Best Young French Economist 2009
Journal of Finance Brattle Prize (First Prize), Best Paper in Corporate Finance 2008
ANDRH Stylo d’Or, Best Book on Human Resources Management 2007
Glucksman Prize Honorable Mention, Best Working Paper in Finance 2006
MIT Robert M. Solow Prize for Excellence in Research and Teaching 2003
Review of Economic Studies Tour 2003

Selected Publications

T. Phillippon and V. Skreta (2010)
Optimal Interventions in Markets with Adverse Selection
American Economic Review, forthcoming

T. Phillippon (2009)
The bond market’s Q
Quarterly Journal of Economics, August 2009, 124(3), 1011-56

T. Phillippon and S. Kedia (2009)
The economics of fraudulent accounting
Review of Financial Studies, June 2009, 22(6): 2169-2199

T. Phillippon and H. Almeida (2007)
The risk-adjusted cost of financial distress
Journal of Finance, December 2007, 62(6): 2557-86

T. Phillippon
Wages and Human Capital in the U.S. Financial Industry: 1909-2006

Related Research

Areas of Expertise


  • International Economic Policy
  • Macroeconomics
  • Monetary Policy


  • Corporate Finance
  • Executive Pay
  • Financial Regulation
  • Labor Market
  • Risk Management


  • France