Leonid Kogan麻省金融教授

麻省理工学院的LeonidKogan教授专注于资产定价理论、宏观金融等领域,近期研究涉及技术创新对金融资产、劳动市场及不平等的影响,以及量化资产估值。他获得了多个学术奖项,反映了其在金融领域的杰出贡献。

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Leonid Kogan 是日本电报电话管理学教授和麻省理工学院斯隆管理学院金融学教授。

在进入麻省理工学院斯隆商学院之前,科根曾在宾夕法尼亚大学沃顿商学院任教。2007-08 年间,他担任雷曼兄弟的高级研究员。他的研究兴趣包括资产定价理论、宏观金融、实证资产定价和金融工程。科根最近的研究重点是公司经济活动与其股价行为之间的联系、投资者异质性对总资产价格的影响,以及期权定价和投资组合选择的计算方面。

Kogan 在领先的学术期刊上发表了大量文章,包括  金融杂志》、《金融经济学杂志》、《政治经济学杂志》《运筹学杂志》。他赢得了众多专业奖项,包括 1998 年雷曼兄弟金融卓越研究奖学金,以表彰他在投资不可逆转性对资产定价影响方面的工作;因其在价格影响和非理性交易者生存方面的研究而获得 2004 年 FAME 研究奖和 2006 年史密斯-布里登奖;并因其在产出耐久性和股票回报方面的工作而获得 2007 年克罗威尔纪念奖。他目前是国家经济研究局的研究员。

Kogan 拥有莫斯科国立大学力学和应用数学硕士学位、康奈尔大学力学博士学位和麻省理工学院金融博士学位。

Kogan holds an MSc in mechanics and applied mathematics from Moscow State University, a PhD in mechanics from Cornell University, and a PhD in finance from MIT.

目前的研究重点:  Kogan 的研究主题为资产定价和宏观金融。他最近的项目重点关注技术进步的创造性破坏方面,特别关注技术创新如何影响金融资产价格、劳动收入动态和不平等;研究衡量资产定价模型稳健性的新统计方法;以及权益证明网络中加密资产的估值。

荣誉资质

科根荣获纳斯达克大奖

 Leonid Kogan 荣获西方金融协会颁发的纳斯达克资产定价最佳论文奖。Kogan 与 Winston Dou(沃顿商学院)和 Wei Wu(德州农工大学)共同撰写的获奖论文题为“共同资金流:流量对冲和因子定价”。

少读

列昂尼德·科根 (Leonid Kogan) 荣获阿蒙迪·史密斯·布里登奖

Leonid Kogan 在《金融杂志》上发表的最佳论文荣获 2014 年 Amundi Smith Breeden 奖(一等奖),《金融杂志》是美国金融协会的官方刊物,也是财经领域被引用最广泛的学术期刊之一。他的获奖论文(与 Kellogg 的 D. Papanikolaou 合着)题为“增长机会、技术冲击和资产价格”。

少读

Leonid Kogan教授荣获PanAgora资产管理量化研究所2013年Crowell二等奖

麻省理工学院斯隆商学院金融学教授列昂尼德·科根 (Leonid Kogan) 凭借与凯洛格商学院的 D. Papanikolaou、芝加哥布斯商学院的 A. Seru 和印第安纳大学凯利商学院的 N. Stoffman 合着的论文《技术创新、资源分配和增长》而获奖。该奖项旨在表彰量化资产管理领域的贡献,为连接理论与实践的前沿研究提供论坛,支持经济学的持续发展。该奖项的命名是为了纪念 PanAgora 的创始人、已故量化投资领域的先驱理查德·A·克罗威尔 (Richard A. Crowell) 博士。

少读

刊物

特色出版物

“技术创新、资源配置和增长。”

科根、列昂尼德、迪米特里斯·帕帕尼科劳、阿米特·塞鲁和诺亚·斯托夫曼。经济学季刊卷。132,第2期(2017):665-712。在线附录

特色出版物

“被抛在后面:创造性破坏、不平等和股票市场。”

科根、列昂尼德、迪米特里斯·帕帕尼科劳和诺亚·斯托夫曼。政治经济学杂志卷。128,第3期(2020):855-906。在线附录SSRN

“共同资金流动:流动对冲和要素定价”。

窦、温斯顿·魏、列昂尼德·科根和吴伟。金融杂志。即将推出。

“测量资产定价模型中的‘暗物质’。”

陈惠、温斯顿·窦和列昂尼德·科根。《金融杂志》:60。即将出版。SSRN在线附录

“经营对冲和毛利率溢价。”

Kogan、Leonid、Jun Li、Harold H.Zhang,麻省理工学院斯隆管理学院工作论文 6823-22。马萨诸塞州剑桥:麻省理工学院斯隆管理学院,2022 年 9 月。

“智能合约和去中心化金融。”

John、Kose、Leonid Kogan 和 Fahad Saleh,麻省理工斯隆管理学院工作论文 6800-22。马萨诸塞州剑桥:麻省理工学院斯隆管理学院,2022 年 9 月。

Leonid Kogan is the Nippon Telegraph and Telephone Professor of Management and a Professor of Finance at the MIT Sloan School of Management.

Prior to MIT Sloan, Kogan taught at the Wharton School of the University of Pennsylvania. During 2007–08, he was a senior researcher at Lehman Brothers. His research interests include asset pricing theory, macro-finance, empirical asset pricing, and financial engineering. Kogan’s recent research has focused on the links between economic activity of firms and their stock price behavior, the effects of investor heterogeneity on aggregate asset prices, and the computational aspects of option pricing and portfolio choice.

Kogan has published extensively in leading academic journals, including The Journal of Finance, the Journal of Financial Economics, the Journal of Political Economy, and Operations Research. He has won numerous professional awards, including the 1998 Lehman Brothers Fellowship for Research Excellence in Finance for his work on the asset pricing implications of investment irreversibility; the 2004 FAME Research Prize, and the 2006 Smith-Breeden Prize for his work on the price impact and survival of irrational traders; and the 2007 Crowell Memorial Prize for his work on output durability and stock returns. He is currently a Research Associate at the National Bureau of Economic Research.

Kogan holds an MSc in mechanics and applied mathematics from Moscow State University, a PhD in mechanics from Cornell University, and a PhD in finance from MIT.

Current Research Focus: Kogan works on topics in asset pricing and macro-finance. His recent projects focus on the creative destruction aspects of technological progress, with particular focus on how technological innovation affects prices of financial assets, labor income dynamics, and inequality; on new statistical methods for measuring robustness of asset pricing models; and on valuation of crypto assets in proof-of-stake networks.

Honors

Kogan wins NASDAQ award

 Leonid Kogan has won the NASDAQ Award from the Western Finance Association for the best paper on asset pricing.  Kogan’s winning paper, co-authored with Winston Dou (Wharton) and Wei Wu (Texas A&M), is entitled, “Common Fund Flows: Flow Hedging and Factor Pricing.

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Leonid Kogan wins Amundi Smith Breeden Prize

Leonid Kogan has won the 2014 Amundi Smith Breeden Prize (first prize) for the best paper in The Journal of Finance, which is the official publication of the American Finance Association and one of the most widely cited academic journals in finance and economics. His winning paper (co-authored with D. Papanikolaou of Kellogg) is entitled “Growth Opportunities, Technology Shocks, and Asset Prices.”

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Professor Leonid Kogan wins 2013 Crowell Second Prize from PanAgora Asset Management's Quantitative Research Institute

MIT Sloan Professor of Finance Leonid Kogan won for his paper "Technological Innovation, Resource Allocation, and Growth" co-authored with D. Papanikolaou of Kellogg, A. Seru of Chicago Booth, and N. Stoffman of Indiana University's Kelley School of Business. The prize, which recognizes contributions to the field of quantitative asset management, provides a forum for new and cutting-edge research that connects theory and practice, in support of the continued development of the science of economics. The prize is named in honor of PanAgora's founder, the late Dr. Richard A. Crowell, a pioneer in the field of quantitative investing.

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Publications

FEATURED PUBLICATION

"Technological Innovation, Resource Allocation, and Growth."

Kogan, Leonid, Dimitris Papanikolaou, Amit Seru, and Noah Stoffman. Quarterly Journal of Economics Vol. 132, No. 2 (2017): 665-712. Online Appendix.

FEATURED PUBLICATION

"Left Behind: Creative Destruction, Inequality, and the Stock Market."

Kogan, Leonid, Dimitris Papanikolaou, and Noah Stoffman. Journal of Political Economy Vol. 128, No. 3 (2020): 855-906. Online AppendixSSRN.

"Common Fund Flows: Flow Hedging and Factor Pricing."

Dou, Winston Wei, Leonid Kogan, and Wei Wu. The Journal of Finance. Forthcoming.

"Measuring the 'Dark Matter' in Asset Pricing Models."

Chen, Hui, Winston Dou, and Leonid Kogan. The Journal of Finance: 60. Forthcoming. SSRNOnline Appendix.

"Operating Hedge and Gross Profitability Premium."

Kogan, Leonid, Jun Li, Harold H. Zhang, MIT Sloan Working Paper 6823-22. Cambridge, MA: MIT Sloan School of Management, September 2022.

"Smart Contracts and Decentralized Finance."

John, Kose, Leonid Kogan, and Fahad Saleh, MIT Sloan Working Paper 6800-22. Cambridge, MA: MIT Sloan School of Management, September 2022.

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