Biography
Amit Goyal joined Emory and the Goizueta Business School in 2002. His research interests include pension funds, predictability of stock returns, behavior of volatility, and portfolio optimization. His teaching interests are in security analysis and investments.

Publications

• The Selection and Termination of Investment Managers by Plan Sponsors, (with Sunil Wahal), 2007, forthcoming in Journal of Finance.
• Growth Options, Beta, and the Cost of Capital, (with Antonio Bernardo and Bhagwan Chowdhry), 2006, forthcoming in Financial Management.
• A Comprehensive Look at The Empirical Performance of Equity Premium Prediction (with Ivo Welch), 2006, forthcoming in Review of Financial Studies.
• The Impact of Trades on Daily Volatility, (with Doron Avramov and Tarun Chordia), Winter 2006, Review of Financial Studies 19(4), 1241-1277.
• Liquidity and Autocorrelations in Individual Stock Returns, (with Doron Avramov and Tarun Chordia), October 2006, Journal of Finance 61(5), 2365-2394.
• A Simulation Approach to Dynamic Portfolio Choice with an Application to Learning About Return Predictability, (with Michael W. Brandt, Pedro Santa-Clara, and Jonathan R. Stroud), Fall 2005, Review of Financial Studies 18(3), 831-873.
• Demographics, Stock Market Flows, and Stock Returns, March 2004, Journal of Financial and Quantitative Analysis 39(1), 115-142.
• Idiosyncratic Risk Matters!, (with Pedro Santa-Clara), June 2003, Journal of Finance 58(3), 975-1007.
• Predicting the Equity Premium with Dividend Ratios, (with Ivo Welch), May 2003, Management Science 49(5), 639-654.
• Understanding the Financial Crisis in Asia, (with Bhagwan Chowdhry), May 2000, Pacific-Basin Finance Journal 8(2), 135-152.

Working Papers

• Liquidity and the Post-Earnings-Announcement-Drift," (with Tarun Chordia, Gil Sadka, Ronnie Sadka, and Lakshmanan Shivakumar), 2007.
• Option Returns and the Cross-Sectional Predictability of Implied Volatility, (with Alessio Saretto), 2007.
• Performance Persistence in Institutional Investment Management, (with Jeff Busse and Sunil Wahal), 2007.
• A Note on "Predicting Returns with Financial Ratios", (with Ivo Welch), 2003.
• The Long-Run Stock Performance of Financially Distressed Firms: An Empirical Investigation, (with Matthias Kahl and Walter N. Torous), 2003.
• Predictability of Stock Return Volatility from GARCH Models, 2000.

Areas of Specialization

• Asset Pricing
• Portfolio Optimization
• Volatility Dynamics

Academic Background
Ph.D., Finance, Anderson School - University of California Los Angeles, 2002
MBA, Finance, Indian Institute of Management Ahmedabad, 1995
B.Tech, Computer Science, Indian Institute of Technology New Delhi, 1993