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David Musto
Ronald O. Perelman Professor in Finance


Education

PhD, University of Chicago, 1995; BA, Yale University, 1987

Academic Positions Held

Wharton: 1995-present(named Ronald O. Perelman Associate Professor in Finance, 2007; Professor, 2008)

Other Positions

Programmer, Trout Trading Company, 1993; Systems Consultant, Roll & Ross Asset Management, 1987-89

Publications
Rich Evans, Christopher Geczy, David Musto, Adam V. Reed (2009), Failure is an Option: Impediments to Short Selling and Options Prices, Review of Financial Studies, Forthcoming
Susan E. K. Christoffersen, Christopher Geczy, David Musto, Adam V. Reed (2007), Vote Trading and Information Aggregation, Journal of Finance
David Musto, Nicholas S. Souleles (2006), A Portfolio View of Consumer Credit, Journal of Monetary Economics, 53(1), January 2006, 59-84.
Simon Gervais, Anthony W. Lynch, David Musto (2005), Fund Families as Delegated Monitors of Money Managers, Review of Financial Studies, 18(4), Fall 2005, 1139-1169.
Susan E. K. Christoffersen, Christopher Geczy, David Musto, Adam V. Reed (2005), Cross-Border Taxation and the Preferences of Taxable and Non-Taxable Investors: Evidence from Canada, Journal of Financial Economics, 78(1), October 2005, 121-144.

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Current Research
Susan E. K. Christoffersen, Donald B. Keim, David Musto 2006, Valuable Information and Costly Liquidity: Evidence from Individual Mutual Fund Trades
Philip Bond, David Musto, Bilge Yilmaz 2005, Predatory Lending in a Rational World

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In The News
What is naked short selling?, CNNMoney.com, 05/19/2010, David Musto

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Musto David
David Musto
 2323 Steinberg-Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104
Phone: (215) 898-4239
musto@wharton.upenn.edu

Research Interests:
Financial intermediation; consumer credit; capital markets