Carnegie Mellon University

Stephen Karolyi

Stephen A. Karolyi

Assistant Professor of Finance and Accounting

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  • TEP - Tepper Building - Room 4141
  • 412-268-2909
5000 Forbes Avenue
Pittsburgh, PA 15213


  • Yale University - Ph D (Financial Economics) - 2014
  • Yale University - MA (Financial Economics) - 2012
  • Carnegie Mellon University - BS (Finance and Statistics) - 2009


Corporate Finance, Financial Intermediation & Banking, Financial Contracting & Reporting


Working Papers

  • Regulating the Market for Information

    (author(s): Andrew Bird, Stephen Karolyi, Thomas Ruchti)

  • Short-Termism Spillovers from the Financial Industry

    (author(s): Andrew Bird, Aytekin Ertan, Stephen Karolyi, Thomas Ruchti)

  • Understanding the "Numbers Game"

    (author(s): Andrew Bird, Stephen Karolyi, Thomas Ruchti)

  • Real Effects of Voluntary Disclosure: Evidence from Private Firm Financing

    (author(s): Andrew Bird, Stephen Karolyi, Thomas Ruchti)

  • Bank Regulator Bias and the Efficacy of Stress Test Disclosures

    (author(s): Andrew Bird, Stephen Karolyi, Thomas Ruchti, Austin Sudbury)

Awards and Honors

  • Washington University Corporate Finance Conference - Finalist for Best Paper Award in Honor of Stuart I. Greenbaum (2013)
  • Yale University - Yale Graduate School Fellowship (2009)