Carola Frydman
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Carola Frydman

Harold L. Stuart Chair; Professor of Finance

Kellogg Faculty Page →

The Enduring Power of Bond Ratings

In 1909, John Moody handed out his first As, Bs and Cs. The market would never be the same.

Researchers: Asaf Bernstein, Carola Frydman and Eric Hilt

October 1, 2023

Finance & Accounting

What Is the Purpose of a Corporation Today?

Has anything changed in the three years since the Business Roundtable declared firms should prioritize more than shareholders?

Researchers: Aaron Yoon, Ravi Jagannathan, Carola Frydman, Robert Korajczyk and José Maria Liberti

January 17, 2023

Finance & Accounting

Is Maximizing Shareholder Value a Thing of the Past?

Top CEOs recently “redefined” the purpose of a corporation. Kellogg faculty weigh in.

Researchers: Carola Frydman, Ravi Jagannathan, Robert Korajczyk, José Maria Liberti and Aaron Yoon

September 19, 2019

Finance & Accounting

Take 5: What Business Leaders Can Learn from the Military

Army colonels share advice on recruiting millennials, managing up, and keeping the broader mission in mind.

Researchers: Efraim Benmelech, Carola Frydman, Col. Robert Carr, Col. Brian Halloran, Michael Musso, William "Chip" Horn and Dan Friend

September 5, 2019

Careers

Should Antitrust Laws Really Be Changed, or Should We Just Enforce the Laws We Have?

A presidential assassination brought the trust-busting Teddy Roosevelt to power. The episode offers lessons for today’s antitrust regulators.

Researchers: Richard Baker, Carola Frydman and Eric Hilt

July 1, 2019

Economics

Take 5: Tips for Widening—and Improving—Your Candidate Pool

Common biases can cause companies to overlook a wealth of top talent.

Researchers: Lauren Rivera, Paola Sapienza, J. Keith Murnighan, Michael J. Mazzeo, Efraim Benmelech, Carola Frydman and Nicola Persico

September 7, 2018

Careers

Podcast: What Veterans Can Bring to Your Organization

A discussion of how former soldiers make loyal employees and trustworthy CEOs.

Researchers: Efraim Benmelech, Carola Frydman and Dan Friend

August 3, 2018

Careers

Why the Panic of 1907 Led to a Recession

Understanding this history sheds light on the 2008 financial crisis.

Researchers: Carola Frydman, Eric Hilt and Lily Y. Zhou

Why Has CEO Pay Grown So Much Faster Than the Average Worker’s?

A key component in growing pay disparity is how well executives harness new technologies.

Researchers: Carola Frydman and Dimitris Papanikolaou

August 3, 2017

Finance & Accounting

Do Former Soldiers Make Better CEOs?

Chief executives with military experience perform better under pressure and are much less likely to commit corporate fraud

Researchers: Efraim Benmelech and Carola Frydman

February 3, 2014

Leadership