Richard Taffler

Biography

Richard Taffler joined Warwick Business School in January 2011 as Professor of Finance from a chair at Manchester Business School. Previously he was the Martin Currie Professor of Finance and Investment at the University of Edinburgh. An authority on behavioural finance, he has published over a hundred academic and professional papers and books, and is frequently quoted in the media. Richard''s interests include the identification and exploitation of stock market anomalies, including the market''s inability to deal with bad news appropriately, fund manager performance and nature of their investment decisions, sell-side analyst judgements, financial distress, and the impact of CEO overconfidence and narcissism on firm performance. Professor Taffler is currently helping to develop the new paradigm of emotional finance to complement traditional and behavioural perspectives and which focuses on the role of the emotions and the unconscious in investment decisions and market behaviour. Richard consults actively with major investment houses, international banks and other financial organisations and particularly enjoys his engagement with investment practitioners.

Research Interests

Investment management; Stock market anomalies including the market under-reaction to bad news; Asset pricing and capital markets-based accounting research; Behavioural finance
Emotional finance; Corporate finance and M&A; Investment analyst behaviour and market relevance; Corporate failure and the market pricing of financial distress risk; Communication of financial information; The going-concern modification