Richard Herron joined the D’Amore-McKim School of Business in 2019 after working as an Associate at Cornerstone Research and an Assistant Professor at Babson College. He earned his Ph.D. in finance from the Graduate Center and Baruch College of The City University of New York. Previously, he served as a submarine warfare officer in the U.S. Navy, completing two deployments aboard USS Alexandria (SSN-757) and teaching at the U.S. Naval Academy. His research focuses on empirical corporate finance, particularly payout policy and investment under uncertainty.


  • PhD, Finance, Graduate Center and Baruch College, The City University of New York, 2015
  • MBA, Finance, Baruch College, The City University of New York, 2012
  • SM, Nuclear Engineering, Massachusetts Institute of Technology, 2002
  • BS, Mechanical Engineering, United States Naval Academy, 2001

Awards and Recognition

  • Best Paper Award, International Risk Management Conference, 2018
  • Best Paper Award, Institutions and Markets, Eastern Finance Association Annual Meeting, 2018
  • Oscar Lasdon Memorial Award, Baruch College, 2015
  • Mills and Tannenbaum Scholar, Baruch College, 2014-2015
  • John A. Elliot Teaching Award, Baruch College, 2013

Selected Publications

  • Herron, Richard (2022a). How Much Does Your Banker's Target-Specific Experience Matter? Evidence from Target IPO Underwriters that Advise Acquirers. Journal of Financial Services Research, 61(2):217–258
  • Herron, Richard (2022b). Payout policy and the interaction of firm-level and country-level governance. Review of Quantitative Finance and Accounting, 58(1):1–39
  • Herron, Richard and Platt, Katarzyna (2021). World dividends and tax shocks. Global Finance Journal, 47:100516
  • Herron, Richard and Nahata, Rajarishi (2020). Corporate Tax Avoidance and Firm Value Discount. Quarterly Journal of Finance, 10(2):2050008

Selected Presentations

  • 2024 Behavioural Finance Work Group
  • 2023 Southern Finance Association Meeting
  • 2023 Behavioural Finance Work Group
  • 2022 North American Summer Meeting of the Econometric Society
  • 2021 Midwestern Finance Association Meeting