The Division of Economic and Risk Analysis (DERA) was created in September 2009 to integrate financial economics and rigorous data analytics into the core mission of the SEC. The Division is involved across the entire range of SEC activities, including policy-making, rule-making, enforcement, and examination. Learn more about the Division of Economic and Risk Analysis
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Latest Staff Papers & Academic Publications
- Jan Jindra, Thomas Moeller, 2020, Time since Targets' Initial Public Offerings, Asymmetric Information, Uncertainty, and Acquisition Pricing, Journal of Banking and Finance, 118(105896):1-21.Academic Publication
- White Paper
- Peter Dixon, Corbin Fox, and Eric Kelley, 2020, To Own or Not to Own: Stock Loans around Dividend Payments, Journal of Financial Economics, forthcoming.Academic Publication
- Peter Dixon, 2020, Why do Short Selling Bans Increase Adverse Selection and Decrease Price Efficiency?, Review of Asset Pricing Studies, forthcomingAcademic Publication
- Xiaotao Kelvin Liu and Biyu Wu, 2020, Do IPO Firms Misclassify Expenses? Implications for IPO Price Formation and Post-IPO Stock Performance, Management Science, forthcoming.Academic Publication
S.P. Kothari, Director, Chief Economist, Division of Economic and Risk Analysis