Charles Field Knight Dean
Andrew Karolyi

Dean’s welcome

Portrait of Dean Andrew Karolyi, standing in office next to a "To do the greatest good" banner

In my role as the dean of the college, it is my profound honor to guide this dynamic community, the culmination of the collective vision of our three leading Cornell business schools. My vision for the college is resolute: to empower today’s leaders, shape industry, and redefine the very essence of business education. We are not just an academic powerhouse; we are architects of a new era in business, where standards are elevated, and our graduates are equipped to make a meaningful impact on the world.

In our unique community, we cultivate an environment that thrives on the diversity of thought, fostering a culture of collaboration and exploration. Here, students are not merely recipients of knowledge but active participants in shaping the future. Our commitment to immersive, engaged learning and impactful research sets the stage for a transformative educational experience.

As you explore these pages, you’ll encounter a wealth of experiences, innovative programs, and a shared mission that unites us. I welcome you to our community where we are dedicated to “doing the greatest good.” Join us in redefining the future of business and creating a lasting, positive influence on the world and humanity.

Andrew Karolyi
Charles Field Knight Dean

College leadership team

The College Leadership Team is comprised of deans from each of our schools as well as talented and dynamic leaders from critical areas of our college including faculty and research; diversity, inclusion, and belonging; strategy and societal impact; student services; alumni affairs and development; finance and administration; marketing and communications; and staff and academic administration.

Meet the team

Keeping a better world in mind

Dean Karolyi shares insights, accounts, and highlights about our faculty’s research, student-led innovations, staff contributions, and alumni achievements from around the school monthly.

The dean’s blog

Appointments

Association to Advance Collegiate Schools of Business (AACSB):
Board of Directors, member, 2024 – present
Accounting for Sustainability:
Global Advisory Council, member, 2021-2024; Member, 2021 – present
American Finance Association:
Board of Directors, member, 2021-2023; Member, 1989 – present
Principles for Responsible Management Education:
Advisory Board, vice chair, 2023-present
Advisory Board, member, 2022-2023
Responsible Research in Business and Management:
Executive Committee and Working Board, chair, 2023-2025; Working Board, member, 2021-2024
Nominating Committee, member, 2021-2022
Original Signatory, 2016 – present

Scholarly expertise

Dean Karolyi brings a wealth of expertise in investment and corporate finance, asset management, emerging markets, and global business. His research is featured in print and electronic media, including The Wall Street Journal, Financial Times, The Economist, Time, New York Times, Washington Post, Forbes, BusinessWeek, and CNBC. Karolyi also completed a four-year term as executive editor of the Review of Financial Studies, one of the top-tier journals in finance. He has served as an associate editor for a variety of journals, including the Journal of Finance, Journal of Financial Economics, Journal of Empirical Finance, Journal of Banking and Finance, Review of Finance and the Pacific Basin Finance Journal. Learn more about his research and academic contributions by exploring his faculty profile.

Recognitions

European Financial Management Association, Wharton Research Data Service Best Paper Award, $3000 (Rome, Italy), Value Premium, Network Adoption, and Factor Pricing of Crypto Assets, with Lin William Cong, Ke Tang, and Weiyi Zhao, 2022
Western Finance Association, Portland, OR, Distinguished Keynote Speaker, Biodiversity Finance: A Call for Research into Financing Nature, 2022
Journal of Financial Economics, Jensen Prize, The U.S. Listing Gap, with Craig Doidge and René Stulz, 2017
Arizona State University, W. P. Carey School of Business, Department of Finance, Bettis Distinguished Scholar Award, in recognition of outstanding achievement in knowledge creation in financial economics, 2016
Samuel Curtis Johnson Graduate School of Management, Cornell Executive MBA Americas Program, STAR Award for Teaching Excellence, 2022, 2017, 2012
Who’s Who in Economics, 2003 – present

Education

PhD, Graduate School of Business, University of Chicago, 1989
MBA, Graduate School of Business, University of Chicago, 1987
MA, University of Ottawa, 1985
BA, McGill University, 1983

Publications

Karolyi, G. Andrew; Kim, Da Woon; Liao, Rose. “The Theory and Practice of Investor Relations: A Global Perspective” Management Science. 66.10 (2020): 4359-4919
Karolyi, G. Andrew; Ng, David; Prasad, Eswar. “The Coming Wave: Where Do Emerging Market Investors Put Their Money?” Journal of Financial and Quantitative Analysis. 55.4 (2020): 1369-1414
Karolyi, G. Andrew; Wu, Ying. “A New Partial-Segmentation Approach to Modeling International Stock Returns” Journal of Financial and Quantitative Analysis. 53.2 (2018): 507-546
Gagnon, Louis; Karolyi, G. Andrew. “An Unexpected Test of the Bonding Hypothesis” Review of Corporate Finance Studies. 7.1 (2018): 101-156
Doidge, Craig; Karolyi, G. Andrew; Stulz, René. “The U.S. Listing Gap” Journal of Financial Economics. 123.3 (2017): 464-487
Karolyi, G. Andrew; Liao, Rose. “State Capitalism’s Global Reach: Evidence from Foreign Acquisitions by State-owned Companies” Journal of Corporate Finance. 42 (2017): 367-391
Karolyi, G. Andrew; Taboada, Alvaro. “Regulatory Arbitrage and Cross-Border Bank Acquisitions” Journal of Finance. 70.6 (2015): 2395-2450
Doidge, Craig; Karolyi, G. Andrew; Stulz, Rene. “The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S.” Journal of Financial Economics. 110.3 (2013): 546-573
Karolyi, G. Andrew; Lee, Kuan-Hui; Van Dijk, Mathijs. “Understanding Commonality in Liquidity around the World” Journal of Financial Economics. 105.1 (2012): 82-112
Hou, Kewei; Karolyi, G. Andrew; Kho, Bong-Chan. “What Factors Drive Global Stock Returns?” Review of Financial Studies. 24.8 (2011): 2527-2574

Cracking the Emerging Markets Enigma

Andrew Karolyi outlines a practical strategy for evaluating the opportunities and—more importantly—the risks of investing in emerging markets. Karolyi’s proposed system evaluates multiple dimensions of the potential risks faced by prospective investors which reflect the uneven quality or fragility of the various institutions designed to assure integrity in capital markets-political stability, corporate opacity, limits placed on foreign investors, and more. By distilling these analyses into a numerical scoring system, Karolyi has devised a way to assess emerging markets by different dimensions of risk and across all dimensions together with ease.

Visit Dean andrew Karolyi’s faculty profile

Dean Karolyi