Page Not Found

The requested page you are looking for has either moved or is no longer available.

We've directed you back to our homepage so you can continue to browse the site.

Campbell Harvey, PhD
Campbell Harvey, PhD
Partner and Senior Advisor

Campbell Harvey is a partner of and senior advisor to Research Affiliates, a global asset manager dedicated to profoundly impacting the investment community through its insights and products. The firm creates investment strategies and tools based upon award-winning research, and delivers these solutions in partnership with some of the world’s premier financial institutions. Cam focuses on strategic research and product development. Recently published research with Research Affiliates includes Three Blunders that Plague Factor Investing and a Back-testing Protocol in the Era of Machine Learning.

Cam is also a professor of finance at the Fuqua School of Business at Duke University and a research associate of the National Bureau of Economic Research in Cambridge, Massachusetts.

In both 2015 and 2016, Cam received the Bernstein Fabozzi/Jacobs Levy Award for Best Article from the Journal of Portfolio Management for his research on distinguishing luck from skill. He has received eight Graham and Dodd Awards/Scrolls for excellence in research and financial writing, as well as the James R. Vertin Award from the CFA Institute Research Foundation. He has published over 125 scholarly articles on topics spanning investment finance, emerging markets, corporate finance, behavioral finance, financial econometrics, and computer science.

Cam received a BA in economics and political science from Trinity College at the University of Toronto, MBA from York University in Toronto, and PhD from the Booth School of Business at the University of Chicago. His dissertation was the first to link yield curve inversions to recessions, an indicator that has been reliable in predicting the last seven recessions without a false signal to date.


Publications

 

Review of Financial Studies: "Detecting Repeatable Performance"

2018

 

Journal of Finance: "Presidential Address: The Scientific Outlook in Financial Economics"

2017

 
Journal of International Business Studies: "The Management of Political Risk"

2016

 
Financial Analysts Journal: "Conquering Misperceptions about Commodity Futures Investing"

2016

 

Journal of Corporate Finance: "Political Risk and International Valuation"

2016

 

Management Science: "A Corporate Beauty Contest"

2016

 

Financial Analysts Journal: "The Misrepresentation of Earnings"

2016

 

Review of Financial Studies: "... and the Cross-Section of Expected Returns"

2016

 

Journal of Portfolio Management: "Backtesting"

2015

Journal of Financial Economics: "Capital Allocation and Delegation of Decision-Making Authority within Firms"

2015

 

Journal of Portfolio Management: "Evaluating Trading Strategies"

2014

 

Journal of International Business Studies: "Political Risk Spreads"

2014

 

Journal of Accounting and Economics: "Earnings Quality: Evidence from the Field"

2013

 

Financial Analysts Journal: "The Golden Dilemma"

2014


WORKING PAPERS ON SSRN

 

Alice’s Adventures in Factorland: Three Blunders That Plague Factor Investing

2019

 

A Backtesting Protocol in the Era of Machine Learning

2018

 

The Theory and Practice of Risk Management

2018

 

Cross-Sectional Alpha Dispersion and Performance Evaluation

2018

 

False (and Missed) Discoveries in Financial Economics

2018

"Lucky Factors"

2018

 

"Corporate Culture: Evidence from the Feild"

2017

 

"Decreasing Returns to Scale, Fund Flows, and Performance"

2017

 

"Corporate Culture: The Interview Evidence"

2016