Hendrik Bessembinder

Hendrik Bessembinder serves as Professor and the Francis J. and Mary B. Labriola Endowed Chair in Competitive Business at Arizona State University's W. P. Carey School of Business, Department of Finance. He returned to ASU in 2015 after faculty appointments at the University of Utah (2001-2015) and Emory University (1999-2001), with prior service at the University of Rochester.

His academic credentials include:

• Ph.D. in Finance, University of Washington (1986)
• M.B.A., Washington State University (1978)
• B.S., Utah State University (1977)

Professor Bessembinder's research centers on market design and trading across stock, foreign exchange, fixed income, futures, and energy markets, with particular emphasis on long-term investment performance measurement. His work addresses fundamental questions regarding trading costs, liquidity provision mechanisms, and the drivers of sustained returns across diverse asset classes, bridging theoretical frameworks with empirical market analysis.

Analysis of his recent publications reveals consistent focus on empirical finance methodologies applied to market microstructure and investment performance. Key themes include long-horizon return distribution analysis across global equities, fixed-income market structure evaluation, and the measurement of liquidity effects in price formation processes. His research frequently combines large-scale datasets with innovative methodological approaches to address practical market questions.

With over 25 years of professional consulting experience, Professor Bessembinder has advised major financial institutions including Compass Lexecon, Baillie Gifford, and Societe Generale, along with government agencies such as the Securities and Exchange Commission, Commodity Futures Trading Commission, and U.S. Department of the Treasury. His consulting expertise spans bond markets, energy markets, foreign exchange, futures, international finance, market design, and trading strategy development.