Loyola Marymount University

Joshua
Spizman

Professor of Finance & Department Chair
College of Business Administration

I am a Professor of Finance at Loyola Marymount University, where I have been a faculty member since 2011. I earned my Ph.D. in Finance from Binghamton University. My research spans capital markets, corporate finance, and public finance, with publications in leading journals including the Journal of Financial Economics and the Journal of Banking and Finance.

Beyond research, I am committed to connecting theory with practice — in the classroom, through executive education, and through public-facing academic work.

Capital Markets Corporate Finance Public Finance
Joshua Spizman

Scholarship

Research & Publications

My research examines how tax policy, market structure, and information asymmetry shape financial decision-making — in households, corporations, and capital markets.

Peer-Reviewed Publications

Journal of Financial Markets

"The Value of the Wildcard Option in Cash Settled American Index Options"

with Dennis Lasser

2016 · Vol. 28, pp. 116–131

Journal of Financial Economics

"Government Policy and Ownership of Financial Assets"

with Kristian Rydqvist & Ilya Strebulaev

2014 · Vol. 111, pp. 70–85

Journal of Banking and Finance

"The Tax Benefit of Income Smoothing"

with Kristian Rydqvist & Steven Schwartz

2014 · Vol. 38, pp. 78–88

Journal of Accounting Literature

"Accounting, Finance and Adverse Selection"

with Murali Jagannathan, Steven Schwartz & Richard Young

2011 · Vol. 30, pp. 69–101

Working Papers

"Added Pressure to Perform?"

with Laurel Franzen & Julie Suh · S&P 500 additions and earnings management

"On the Timing of Director Departures"

with Murali Jagannathan & Srinivasan Krishnamurthy

"Demand Shocks to Securities"

with Kartik Raman · S&P 500 index additions and stock pricing

Education

Teaching

I teach across undergraduate and graduate programs at LMU, with a focus on connecting financial theory to real-world practice. I co-developed LMU's Bloomberg Terminal equity research curriculum and serve as faculty moderator for the Finance Society and Lion Investing Society.

Loyola Marymount University

  • UG Capital Markets
  • UG Fundamentals of Finance
  • UG Accelerated Fundamentals of Finance
  • MBA Financial Markets

Previous Institutions

  • UG International Corporate Finance (Binghamton)
  • MBA International Corporate Finance (Binghamton)
  • UG Financial Management (Binghamton)
  • UG Intermediate Corporate Finance (UCF)
  • UG Business Finance – Honors (UCF)

LMU Stock Pitch Competition

An annual undergraduate competition founded in 2018, giving LMU students hands-on experience presenting equity research to panels of finance professionals.

Founded 2018

Resources

CV & Media

Curriculum Vitae

Download my full CV, including education, academic positions, publications, presentations, and service.

Download CV

Theory to Practice

Watch videos bridging financial theory and real-world application — designed for students, professionals, and the curious.

Watch on YouTube