Aron Gottesman is Chair of the Department of Finance and Economics and Professor of Finance at the Lubin School of Business at Pace University. He holds a Ph.D. in Finance, an MBA in Finance, and a BA in Psychology, all from York University, and is a CFP® Professional. He has published articles in the Journal of Banking and Finance, Journal of Behavioral Finance, Journal of Empirical Finance, Journal of Financial Markets, and the Journal of Financial Intermediation, among many others. He has also authored or co-authored several books.
Gottesman is a recipient of Pace University’s Kennan Award for Teaching Excellence and a recipient of the Investments & Wealth Institute Edward D. Baker III Journal Research Award. Gottesman teaches undergraduate, graduate, and doctoral courses on financial markets, derivative securities, and asset management.
Gottesman, A., Morey, M. (2024). Income Inequality and Financial Overconfidence. The American Journal of Economics and Sociology. 84, 273-296.
Gottesman, A., Morey, M. (2024). Investor Confidence and Reaction to a Stock Market Crash. Journal of Behavioral Finance. 25(3), 374-388.
Gottesman, A. (2023). Tracking Error Volatility and Relative Risk Budgets. Investment Analysts Journal.
Gottesman, A. (2023). Tracking Error Volatility Mitigation by Managers of Multiple Mutual Funds. Journal of Investing. 33(4), 104-120.
Gottesman, A. (2021). Mortgage Analysis. In C.F. Lee and A.C. Lee (Ed.), The Encyclopedia of Finance. Springer.
Gottesman, A., Morey, M. (2021). The Argument for Bonds in Strategic Asset Allocation. The Journal of Wealth Management .
Gottesman, A., Morey, M. (2021). What Do Capture Ratios Really Capture in Mutual Fund Performance?. Journal of Investing.
Gottesman, A., Ismailescu, I. (2020). Student Selectivity and Higher Education Institutions Credit Ratings. Journal of Financial Economic Policy. 13(1), 136-159.
Gottesman, A., Morey, M. (2019). Mutual Fund Manager Educational Background and Activeness. Journal of Investing. 28(6), 128-139.
Gottesman, A., Morey, M. (2017). Active Share and Emerging Market Equity Funds. Journal of Investment Consulting. 18(1).
Beyhaghi, M., Panyagometh, K., Gottesman, A., Roberts, G. (2017). Do Tighter Loan Covenants Signal Improved Future Corporate Results? The Case of Performance Pricing Covenants. Financial Management. 46(3), 593-625.
Gottesman, A., Leibrock, M. (2017). Understanding Systemic Risk in Global Financial Markets Wiley Finance.
Gottesman, A., Jacoby, G., Li, H. (2017). Value Investing or Investing in Illiquidity? The Profitability of Contrarian Investment Strategies, Revisited. Financial Innovation. 3(34), 12.
Gottesman, J.T. (2016). Derivatives Essentials: An Introduction to Forwards, Futures, Options and Swaps (1 ed., pp. 328). Hoboken, New Jersey: John Wiley & Sons, Inc. Read More >>
Gottesman, A., Morey, M. (2016). Getting What You Paid For: Using Mutual Fund Governance to Predict the Activeness of Mutual Funds. Journal of Investing. 25(1), 25-36.
Gottesman, A., Morey, M., Rosenberg, M. (2013). Is there an Incentive for Active Retail Mutual Funds to Closet Index in Down Markets? Fund Performance and Subsequent Annual Fund Flows between 1997 and 2011. Journal of Investment Consulting. 14(2), 47-58. Read More >>
Puskar, D., Gottesman, A. (2012). An Investigation of Underwriting Fees for Asset-Backed Securities. American Economist.
Gottesman, A. (2012). Corporate Loan Spreads, Market Power, and the Default-Free Rate. In C.F. Lee (Ed.), Advances in Quantitative Analysis of Finance and Accounting. (10 ed., pp. 117-139).
Gottesman, A., Morey, M. (2012). Does a Mutual Fund's Corporate Culture Predict Fund Performance?. Review Of Financial Economics. 2169-81.
Allen, L., Gottesman, A., Peng, L. (2012). The Impact of Joint Participation on Liquidity in Equity. Journal of Financial Intermediation. 2150-78.
Allen, L., Gottesman, A., Saunders, A., Tang, Y. (2012). The Role of Banks in Dividend Policy. Financial Management. 41(3), 591-613.
Gottesman, A., Roberts, G. (2011). Bank Relationships and Collateralization. In H.K. Baker and G. Martin (Ed.), Capital Structure and Corporate Financing Decisions. Robert W. Kolb Series in Finance, Wiley.
Gottesman, A., Morey, M. (2010). CEO Educational Background and Firm Financial Performance. Journal of Applied Finance. 20(2), 70-82.
Gottesman, A., Nam, J., Thornton, J.H., Wynne, K. (2010). NYSE Listings and Firm Borrowing Costs: An Empirical Investigation. Global Finance Journal. 21(1), 26-42.
Gottesman, A., Morey, M. (2007). Predicting Emerging Market Mutual Fund Performance. . 16(3), 111-122.
Gottesman, A., Roberts, G.S. (2006). An Investigation of the Mid-Loan Relationship Between Bank Lenders and Borrowers. In A.H. Chen (Ed.), Research in Finance. Greenwich, CT: JAI Press.
Gottesman, A. (2006). Contrarian Investment Strategies: Application to India. Strategic Innovators (India).
Szenberg, M., Ramrattan, L., Gottesman, A. (2006). In Szenberg, M., Ramrattan, L., and Gottesman, A. (Ed.), Samuelsonian Economics and the Twenty-First Century Oxford University Press.
Gottesman, A. (2006). Loan Contract Terms. In C.F. Lee and A.C. Lee (Ed.), The Encyclopedia of Finance. Springer.
Gottesman, A., Morey, M. (2006). Manager Education and Mutual Fund Performance. Journal of Empirical Finance. 13(2), 145-182.
Jacoby, G., Smimou, K., Gottesman, A. (2006). Mean-Variance Theory and the Bid-Ask Spread. In C.F. Lee (Ed.), Advances in Financial Planning and Forecasting.
Morey, M., Gottesman, A. (2006). Morningstar Mutual Fund Ratings Redux. Journal of Investment Consulting. 9(1).
Gottesman, A., Jacoby, G. (2006). Payout Policy, Taxes, and the Relation Between Returns and the Bid-Ask Spread. Journal of Banking & Finance. 3037-58.
Szenberg, M., Ramrattan, L., Gottesman, A. (2006). Ten ways to know Paul A. Samuelson. Economics of Education Review. 257-11.
Allen, L., Gottesman, A. (2006). The Informational Efficiency of the Equity Market as Compared to the Syndicated Bank Loan Market. Journal of Financial Services Research. 30(1).
Szenberg, M., Gottesman, A., Ramrattan, L. (2005). Paul A. Samuelson: On Being an Economist New York: Jorge Pinto Books.
Szenberg, M., Gottesman, A., Ramrattan, L. (2005). Paul A. Samuelson: Philosopher and Theorist. International Journal of Social Economics. 32(4), 325-338.
Gottesman, A., Szenberg, M., Ramrattan, L. (2005). Samuelson's Economics: The Continuing Legacy. Quarterly Journal of Austrian Economics. 95-104.
Ramrattan, L., Gottesman, A.A., Szenberg, M. (2005). The Flow of Capital to Latin America During the Period 1973-2000. In Arbelaez, H., Click, R.W., and Choi, J.J. (Ed.), International Finance Review, Latin American Financial Markets: Developments in Financial Innovations. Amsterdam: Elsevier.
We sat down for a Q&A with Aron Gottesman, PhD, Professor and Chairperson of the Finance and Economics Department, who joined Pace 20 years ago. We learned about his research interests, teaching methodology, and the "language and culture of finance."