Katharina Lewellen

Professor of Finance


Katharina Lewellen is Professor of Finance and the Harvey H. Bundy III T’68 Faculty Fellow at the Tuck School. She has been at Tuck since 2005. Before coming to Tuck she held a faculty position at MIT’s Sloan School of Management. Professor Lewellen received a PhD from the University of Rochester and a doctorate from the University of Zurich. Earlier, she worked as an economist at the Swiss National Bank.

Professor Lewellen’s expertise is in corporate finance and corporate governance. She studies various aspects of corporate financing and investment decisions, such as managerial incentives, taxes, and financing constraints. In her recent work, she investigates incentives of large financial institution to be active shareholders in the firms they own. Her other current projects focus on governance of nonprofit hospitals. Lewellen has received several honors and awards, including The Alfred P. Sloan Foundation grant, The Nasdaq Stock Market Educational Foundation award and the Swiss National Science Foundation Fellowship.


Best Paper Award from Wharton Research Data Services  //

Katharina Lewellen was honored for co-authoring a paper examining the impact of CEO pay on long-term company investment. Learn more

Katharina Lewellen Receives WRDS Best Paper Award  //

The study has implications for the current debate over executive compensation and long-term investment strategies of firms. Learn more

The Law of Unintended Consequences  //

Research by Katharina Lewellen shows that incentives for CEOs are not working perfectly. Read the article in the Economist

How stock options lead CEOs to put their own interests first  //

Professor Lewellen shows how the vesting of CEO equity brings a focus on short term results. Read the article

Blog post on Equity Vesting and Managerial Myopia  //

Post by Dirk Jenter and Katharina Lewellen on the Harvard Law School Forum for Corporate Governance and Financial Regulation. Click here








  • Simon Graduate School of Business Administration, University of Rochester, Ph.D., Finance, 2003
  • University of Zurich, Switzerland, Doctorate, Economics, 1997
  • Master in Economics, 1995