Mark Garmaise

Mark Garmaise is a Professor of Finance in the Business & Economics faculty at the University of California, Los Angeles Anderson School of Management, where he also serves as Area Head of the Finance area and holds the Joel Fried Chair in Applied Finance. He graduated magna cum laude from Harvard College with an A.B. in mathematics and philosophy in 1994 and earned his Ph.D. in finance from Stanford Graduate School of Business in 1998. Garmaise began his academic career as an Assistant Professor of Finance at the University of Chicago Booth School of Business from 1998 to 2002. He joined UCLA Anderson as a Visiting Assistant Professor in 2001, advancing to Assistant Professor from 2002 to 2008, Associate Professor with tenure from 2008 to 2014, and Professor since 2014. From 2014 to 2015, he was Senior Associate Dean of the Full-Time MBA Program, and he held the Robert D. Beyer '83 Term Chair in Management from 2015 to 2018.

Garmaise specializes in corporate finance, real estate, entrepreneurship, and banking, using empirical data to study asymmetric information and incomplete contracting, particularly in real estate markets and entrepreneurial firms. He teaches the core corporate finance course and electives on venture capital and private equity. His prominent publications include "Ties that Truly Bind: Noncompetition Agreements, Executive Compensation, and Firm Investment" (Journal of Law, Economics, and Organization, 2011), "Catastrophic Risk and Credit Markets" (Journal of Finance, 2009, with Tobias Moskowitz), "Production in Entrepreneurial Firms: The Effects of Financial Constraints on Labor and Capital" (Review of Financial Studies, 2008), "Borrower Misreporting and Loan Performance" (Journal of Finance, 2015), "Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation" (Quarterly Journal of Economics, 2005, with Efraim Benmelech and Tobias Moskowitz), and "Spillovers in Local Banking Markets" (Review of Corporate Finance Studies, 2016, with Gabriel Natividad). Garmaise has earned numerous teaching awards, including the Neidorf Decade Teaching Award (2012), Full-time MBA Teaching Excellence Award (2011), Citibank Teaching Award for Most Outstanding MBA Teacher (2007), Dean George W. Robbins Assistant Professor Teaching Award (2005), and Executive MBA Teaching Excellence Award (2018). His research has been honored with the Barclays Global Investor/Michael Brennan Award for the best paper published in the Review of Financial Studies (2004, with Tobias Moskowitz) and the Best Paper Award from the Review of Corporate Finance Studies (2017, with Gabriel Natividad). He has served as Associate Editor for the Review of Financial Studies (2002-2005) and the Journal of Law, Finance and Accounting (2015-present).

Professional Email: mark.garmaise@anderson.ucla.edu