معرفی
Gerard Hoberg is the Charles E. Cook Community Bank Professor of Finance and Director of The Institute for Outlier Research in Business (iORB) at the USC Marshall School of Business. He has been a faculty member at USC since 2014 after previously teaching at the University of Maryland. Hoberg received his PhD from Yale University in 2004 and holds additional degrees from Yale including an M.Phil. and M.A. in Financial Economics, and dual B.A. degrees in Applied Physics and Economics.
Hoberg's research primarily focuses on empirical corporate finance and asset pricing with special emphasis on innovation, mergers, IPOs, disclosure practices, informational environments, and industrial organization. He is particularly known for methodological contributions that bring computational linguistics technologies into finance research. His work often addresses important theories that have proved difficult to test and issues relevant to regulatory agencies and financial stability. A significant portion of his research involves text-based analysis of firm disclosures to understand product markets, competition, and financial constraints.
The trends in Hoberg's recent publications reveal a strong emphasis on applying natural language processing and machine learning techniques to financial economics. His work spans corporate governance, product market competition, innovation dynamics, and the application of AI in finance. A notable theme across his publications is the development of text-based metrics for measuring firm characteristics including product life cycles, financial constraints, and industry classifications. His research has increasingly incorporated large language models to analyze financial disclosures, news, and other textual data sources.
- Charles E. Cook Community Bank Chair of Finance
- Recipient of three NSF grants
- Editor for Review of Financial Studies
- Published in top journals including Journal of Finance, Journal of Financial Economics, Journal of Political Economy, and Review of Financial Studies
Hoberg teaches courses in corporate finance, particularly focusing on mergers, acquisitions, and restructuring at both undergraduate and MBA levels. He has served as a Visiting Scholar at the Securities and Exchange Commission and is actively involved in conference organization, notably co-organizing the Conference on Emerging Technologies in Accounting and Financial Economics (CETAFE). His research has generated several important data libraries including the Hoberg and Phillips Text-Based Industry Classifications, Product Life Cycle Data, and Financial Constraints Data that are widely used by researchers in finance and economics.
Hoberg directs The Institute for Outlier Research in Business (iORB) at USC Marshall and has established himself as a leader in applying computational methods to traditional finance questions. Through the Institute and his conference organization efforts, he fosters collaboration between finance researchers and experts in emerging technologies.
