Philipp Schnabl

Philipp Schnabl

Joined Stern 2008

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-76
New York, NY 10012

Personal website


Philipp Schnabl is the Martin J. Gruber Professor in Asset Management and Professor of Finance at the New York University Stern School of Business, as well as the Sidney Homer Director of the Salomon Center for the Study of Financial Institutions. He is a Research Associate in Corporate Finance at the National Bureau of Economic Research and a Research Affiliate in Financial Economics at the Center for Economic and Policy Research.

Professor Schnabl studies financial intermediation, monetary policy, and corporate finance. His work has been published in leading academic journals including the Quarterly Journal of Economics, the Review of Economic Studies, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. His work received several awards including the Journal of Finance 2012 Brattle Best Paper Prize and the Journal of Finance 2018 Amundi Pioneer Distinguished Paper Prize.

Professor Schnabl earned his Ph.D. from the Economics Department at Harvard University, his M.P.A. from the Harvard Kennedy School and his B.A. and M.A. from the Vienna University of Economics and Business Administration.

Research Interests

  • Corporate finance
  • Financial intermediation
  • Banking

Courses Taught

  • Financial Management

Academic Background

Vienna University of Economics and Business Administration

Harvard University

Harvard University

Selected Publications

P. Schnabl & M. Kacperczyk (2010)
Journal of Economic Perspectives, Winter 2010, 24(1), 29-50

P. Schnabl (2009)
The International Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market
Journal of Finance, forthcoming

Areas of Expertise


  • Globalization & Trade


  • Commercial Banking
  • Corporate Finance
  • Financial Institutions
  • Financial Intermediation
  • Investment Banking


  • Investment Banking