Tim Adam

Tim R. Adam is the Rudolf-von-Bennigsen-Professor of Corporate Finance at Humboldt University, Berlin, Germany. He received a Ph.D. in Economics from the University of Virginia in 1997. Since then he taught at internationally leading universities, such as the Massachusetts Institute of Technology, the University of Michigan, the Hong Kong University of Science & Technology, and the National University of Singapore. In 2008, he joined the School of Business and Economics of Humboldt University.

Professor Adam’s primary research interests lie in the areas of empirical corporate finance, especially corporate risk management, and financial intermediation. Current research projects focus on the use of performance pricing provisions in syndicated loans, the use of leverage by mutual funds, and capital market financing of SMEs in Germany. His work has been published in leading journals, including the Journal of Finance, the Journal of Financial Economics, Management Science, and the Journal of Financial Intermediation.

REFEREED PUBLICATIONS

• "Managerial Biases and Debt Contract Design: The Case of Syndicated Loans", with Valentin Burg, Tobias Scheinert, and Daniel Streitz, Management Science2019, Vol. 66(1), pp. 352-375
• "Why Do Firms Engage in Selective Hedging? Evidence from the Gold Mining Industry", with Chitru Fernando and Jesus Salas, Journal of Banking and Finance, 2017, Vol. 77, pp. 269–282.
• "Hold-Up and the Use of Performance-Sensitive Debt", with Daniel Streitz, Journal of Financial Intermediation, 2016, Vol. 26, pp. 47-67.
• "Managerial Overconfidence and Corporate Risk Management", with Chitru Fernando and Evgenia Golubeva, Journal of Banking and Finance, 2015, Vol. 60, pp. 195–208.
• "Pitfalls and Perils of Financial Innovation: Evidence from CDS Usage in the Mutual Fund Industry", with Andre Güttler, Journal of Banking and Finance, 2015, Vol. 55, pp. 204-214.
• "Capital Expenditures, Financial Constraints, and the Use of Options", Journal of Financial Economics, 2009, Vol. 92(2), pp. 238-251.
• "Can Companies Use Hedging Programs to Profit from the Market? Evidence from Gold Producers", with Chitru Fernando, Journal of Applied Corporate Finance, 2008, Vol. 20(4), pp. 91-102.
• "The Investment Opportunity Set and its Proxy Variables: Theory and Evidence, with Vidhan Goyal", Journal of Financial Research, 2008, Vol. 31(1), pp. 41-63.
• "Financial Constraints, Competition, and Hedging in Industry Equilibrium", with Sudipto Dasgupta and Sheridan Titman, Journal of Finance, 2007, Vol. 62(5), pp. 2445-2473.
• "Hedging, Speculation and Shareholder Value", with Chitru Fernando, Journal of Financial Economics, 2006, Vol. 81, pp. 283-309.
• "Risk Management and the Credit Risk Premium", Journal of Banking and Finance, 2002, Vol. 26/2-3, pp. 243-269.
• "Do Firms Use Derivatives to Reduce Their Dependence on External Capital Markets?", Review of Finance (formerly European Finance Review), 2002, Vol. 6 No. 2, pp. 163-187.

Education

• Ph.D. University of Virginia (1992 — 1997)
• Vordiplom Technische Universität Berlin (1990 — 1992)

Companies

• Rudolf von Bennigsen Professor of Finance Humboldt University Berlin (2008)
• Associate Professor of Finance National University of Singapore (2007 — 2008)
• Visiting Assistant Professor of Finance MIT Sloan School of Management (2005 — 2007)
• Assistant Professor of Finance Hong Kong University of Science & Technology (1997 — 2005)
• Visiting Assistant Professor of Finance University of Michigan (2000 — 2001)

Skills

• Statistics
• Data Analysis
• Stata

Other

Finance, Teaching, Quantitative Finance, Econometrics, Risk Management, Economics, Corporate Finance