Bryan R. Routledge

Associate Professor of Finance

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Bio

Bryan Routledge is an Associate Professor of Finance at the Tepper School of Business, Carnegie Mellon University. He received his Ph.D. from the University of British Columbia in 1996 and a Bachelor of Commerce from Queens University in 1987. His research focuses on a broad selection of topics in finance. Current research applies quantitative text analysis and natural language processing to economic and financial research questions (e.g, how management discussion and analysis conveys risk, and how Twitter can track public opinion). Other recent research investigates the quantitative properties of asset prices and macroeconomics such as the positive correlation of asset returns with future economic growth, understanding the connection between risk attitudes and asset pricing dynamics, and the risk and return properties of oil prices. He has taught a wide variety of courses at the Tepper School in many of their programs. Current teaching includes the introductory Finance class to MBA students, Financial Economics for MSCF students, and a more specialized class called "Alpha: Implementing Quantitative Strategies." He is also a frequent teacher in the Tepper Schools Executive Education Programs in finance.

Education

• University of British Columbia - Ph D - 1996
• Queen's University at Kingston - BA - 1987

Research

Asset pricing, natural language processing, commodities and commodity pricing, macroeconomics, finance, corporate finance, preference theory

Publications

• Does Macro-Asset Pricing Matter for Corporate Finance?

  (author(s): Yongjin Kim, Bryan Routledge)
  Critical Finance Review, Forthcoming 2019

• Informational Privacy, a Right to Explanation and Interpretable AI

  (author(s): Tae Wan Kim, Bryan Routledge)
  Proceedings of IEEE Symposium on Privacy-Aware Computing (PAC), 2018

• Comments on: Big Data in Finance and the Growth of Large Firms, by Juliane Begenau & Maryam Farboodi & Laura Veldkamp

  (author(s): Bryan Routledge)
  Journal of Monetary Economics 97, 2018

• Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technologies

  (author(s): Jaime Casassus, Pierre Collin-Dufresne, Bryan Routledge)
  Journal of Banking and Finance 95, October, 2018

• Friends with Motives: Using Text to Infer Influence on SCOTUS
  (author(s): Yanchuan Sim, Bryan Routledge, Noah Smith)
  

  Proceedings of the 2016 Conference on Empirical Methods in Natural Language Processing, Austin, Texas, November, 2016

• Character Sequence Models for Colorful Words

  (author(s): Kazuya Kawakami, Chris Dyer, Bryan R. Routledge, Noah A. Smith)
  Proceedings of the 2016 Conference on Empirical Methods in Natural Language Processing, Austin, Texas, November, 2016

• Linguistic Markers of Status in Food Culture: Bourdieu's Distinction in a Menu Corpus

  (author(s): Dan Jurafsky, Victor Chahuneau, Bryan R. Routledge, Noah A. Smith)
  Cultural Analytics, October, 2016

• A Sparse and Adaptive Prior for Time-Dependent Model Parameters.

  (author(s):  Dani Yogatama, Bryan R. Routledge, Noah Smith)
  Proceedings of the NIPS Workshop on Time Series, Montreal, Québec, December, 2016.

• A Utility Model of Authors in the Scientific Community

  (author(s): Yanchuan Sim, Bryan R. Routledge, Noah A. Smith)
  Proceedings of the 2015 Conference on Empirical Methods in Natural Language Processing, Lisbon, Portugal, September, 2015

• The Utility of Text: The Case of Amicus Briefs and the Supreme Court

  (author(s): Yanchuan Sim, Bryan Routledge, Noah A Smith)
  Proceedings of the AAAI Conference on Artificial Intelligence (AAAI 2015), Austin, Texas, January, 2015

• Narrative Framing of Consumer Sentiment in Online Restaurant Reviews

  (author(s): Dan Jurafsky, Victor Chahuneau, Bryan Routledge, Noah A. Smith)
  First Monday19, 2014

• Large Scale Insider Trading Analysis: Patterns and Discoveries

  (author(s): Acar Tamersoy, Elias Khalil, Bo Xie, Stephen L Lenkey, Bryan R Routledge, Duen Horng Chau, Shamkant B. Navathe)
  Social Network Analysis and Mining 4, 2014

• Dynamic Models of Streaming Text

  (author(s): Dani Yogatama, Chong Wang, Bryan Routledge, Noah A. Smith, Eric Xing)
  Transactions of the Association for Computational Linguistics 2, 2014

•  Inside Insider Trading: Patterns & Discoveries from a Large Scale Exploratory Analysis

  (author(s): Acar Tamersoy, Bo Xie, Stephen L. Lenkey, Bryan R. Routledge, Duen Horng Chau, Shamkant B. Navathe)
  Proceedings of the 2013 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining, 2013

• Word Salad: Relating Food Prices and Descriptions

  (author(s): Victor Chahuneau, Kevin Gimpel, Bryan R. Routledge, Lily Scherlis, Noah A. Smith)
  Proceedings of the 2012 Joint Conference on Empirical Methods in Natural Language Processing and Computational Natural Language Learning, Jeju Island, Korea, July, 2012

• Corporate Decision-Making, Net Present Value, and the Environment
  (author(s): Bryan R. Routledge)
  The Oxford Handbook of Business and the Natural Environment (Pratima Bansal and Andrew J. Hoffman, eds.)
  

  New York: Oxford University Press, 2011

• Predicting a Scientific Community's Response to an Article

  (author(s): Dani Yogatama, Michael Heilman, Brendan O'Connor, Chris Dyer, Noah Smith, Bryan R. Routledge)
  Proceedings of the 2011 Conference on Empirical Methods in Natural Language Processing, Edinburgh, Scotland, UK, July, 2011

• Generalized Disappointment Aversion And Asset Prices

  (author(s): Bryan Routledge, Stanley Zin)
  Journal of Finance 65(4), 2010; 1303-1332

• From Tweets to Polls: Linking Text Sentiment to Public Opinion Time Series

  (author(s): Brendan O'Connor, Ramnath Balasubramanyan, Bryan R. Routledge, Noah A. Smith)
  Proceedings of the International AAAI Conference on Weblogs and Social Media (ICWSM 2010), Washington, DC, May, 2010

• Predicting Risk from Financial Reports with Regression

  (author(s): Shimon Kogan, Dimitry Levin, Bryan R. Routledge, Jacob S. Sagi, Noah A. Smith)
  Proceedings of Human Language Technologies: The 2009 Annual Conference of the North American Chapter of the Association for Computational Linguistics, Boulder, Colorado, June, 2009

• Model Uncertainty And Liquidity

  (author(s): Bryan R. Routledge, Stanley E. Zin)
  Review of Economic Dynamics 12(4), 2009;

• Recursive Preferences
  

  (author(s): David K. Backus, Bryan R. Routledge, Stanley E. Zin)
  The New Palgrave Dictionary of Economics, Basingstoke (Steven N. Durlauf and Lawrence E. Blume, eds.)
  Basingstoke, UK, 2008

• Exotic Preferences For Macroeconomists

  (author(s): David K. Backus, Bryan R. Routledge, Stanley E. Zin)
  NBER Macroeconomics Annual 2004 (Mark Gertler and Kenneth Rogoff, eds.)
  Cambridge, MA, 2005

• Social Capital And Growth

  (author(s): Bryan Routledge, Joachim von Amsberg)
  Journal of Monetary Economics 50(1), 2003

• Project Assignment Rights and Incentives for Eliciting Ideas

  (author(s): Anil Arya, Jonathan Glover, Bryan R. Routledge)
  Management Science 48(7), 2002

• Genetic Algorithm Learning to Choose and Use Information
  (author(s): Bryan R. Routledge)

  Macroeconomic Dynamics 5, April, 2001

• Equilibrium Forward Curves For Commodities

  (author(s): Bryan R. Routledge, Duane J. Seppi, Chester S. Spatt)
  Journal of Finance 60, June, 2000

• Adaptive Learning In Financial Markets

  (author(s): Bryan R. Routledge)
  Review of Financial Studies 12, 1999

• The Economics of The Prisoner's Dilemma: A Background
  Modeling Rationality, Morality and Evolution (Peter Danielson, ed.)
  

  New York: Oxford University Press, 1998

Working Papers

• Extracting a Corporate Social Network from Text

  (author(s): Bill McDowell, Lingpeng Kong, Bryan Routledge, Noah Smith)

• Does Macro-Asset Pricing Matter for Corporate Finance?

  (author(s): Bryan Routledge, Yongjin Kim)
  2013

Professional Activities

• Officer: Secretary/Treasurer , Western Finance Association (September 2013 -)
• Associate Editor, Critical Financial Review (January 2010 -)
• Associate Editor, Journal of Finance and Quantitative Analysis (January 2004 -)
• Conference Paper Reviewer, Western Finance Association, Program Chair (January 1997 -)
• Ad Hoc Reviewer, NAACL 2018 North American Chapter of the Association for Computational Linguistics: Human Language Technologies, Program Committee (December 2017 - January 2018)
• Judge, NSF Funding Review Pannel, National Science Foundation (May 2017 - May 2017)
• Associate Editor, Management Science (January 2001 - 2009)