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Briana Chang

Briana Chang

Associate Professor | Finance
Harold G. and Margaret W. Laun Professor in Finance
5274E Grainger Hall

About Briana

Briana Chang is an Associate Professor in the Department of Finance Department. She completed her Ph.D. in economics at Northwestern.

Her primary research interests are in financial intermediation and market microstructure. In particular, she studies the role of intermediaries and analyzes how frictions (e.g., asymmetric information, agency problem, and search friction) affect prices and market liquidity.

Selected Published Journal Articles

Chang, B. & Gomez, M. & Hong, h. (2023). Sorting Out the Real Effects of Credit Supply Journal of Financial Economics

Chang, B. & Szydlowski, M. (2020). The Market for Conflicted Advice Journal of Finance

Chang, B. & Hong, H. (2019). Selection versus Talent Effects on Firm Value Journal of Financial Economics

Chang, B. (2018). Adverse Selection and Liquidity Distortion Review of Economic Studies

Presentations

Hong Kong University (2022) Financial Market Structure and Risk Concentration

Warwick Business School (2022) Financial Market Structure and Risk Concentration

Said Business School, Oxford (2022) Financial Market Structure and Risk Concentration

SED 2022 (2022) Finanical Market Structure and Risk Concentration

AFA (2022) Finanical Market Structure and Risk Concentration

Wharton (2021) Financial Market Structure and Risk Concentration

Oxford Financial Intermediation Theory Conference (2021) Financial Market Structure and Risk Concentration

AFA (2021) Sorting Out the Real Effects of Credit Supply

LSE (2020) Risk Concentration and Interconnectedness in OTC Markets

University of Houston (2020) Risk Concentration and Interconnectedness in OTC Markets

UT Austin (2020) Risk Concentration and Interconnectedness in OTC Markets

National Taiwan University (2019) OTC Market Structure under Reforms

2019 West Coast Search and Matching Workshop (2019) OTC Market Structure under Reforms

Federal Reserve Banks of Minneapolis (2019) OTC Market Structure under Reforms

Carlson School of Management (2019) OTC Market Structure under Reforms

Penn State University (2019) OTC Market Structure under Reforms

Federal Reserve Bank of Philadelphia (2019) Endogenous Market Making and Network Formation

Boston University (2019) Endogenous Market Making and Network Formation

Federal Reserve Bank of Philadelphia (2018) Endogenous Market Making and Network Formation

UIUC (2018) The Market for Conflicted Advice

Stern WAPFIN (2017) The Market for Conflicted Advice

Philadelphia Search and Matching conference (2017) The Market for Conflicted Advice

UNC Kenan-Flagler Business School (2017) Selection versus Talent Effects on Firm Value

The Financial Intermediation Research Society (FIRS) Conference, 2017 (2017) The Market for Conflicted Advice

9th NYU Search Theory Workshop (2017) The Market for Conflicted Advice

Finance Theory Group 16th meeting, Spring 2017 (2017) The Market for Conflicted Advice

MFA (2017) Endogenous Market Making and Network Formation

2017 American Finance Association Annual Meeting (2017) Assignment of Stock Market Coverage

8th Annual Conference on Money, Banking and Asset Markets (2016) The Market for Conflicted Advice

27th Annual Conference on Financial Economics and Accounting (2016) Assignment of Stock Market Coverage

Federal Reserve Banks of Cleveland (2016) Endogenous Market Making and Network Formation

Minnesota Workshop in Macroeconomics Theory (2016) Endogenous Market Making and Network Formation

The Financial Intermediation Research Society (FIRS) Conference (2016) Endogenous Market Making and Network Formation

Northwestern University Macroeconomics Alumni Conference (2016) Endogenous Market Making and Network Formation

Banking and Financial Intermediation: Frictions, Regulation and Optimal Design; (2015) Endogenous Market making and Network Formation

Seminar, Hass School of Business, UC Berkeley (2015) Endogenous Market making and Network Formation

2015 World Congress (2015) Endogenous Market making and Network Formation

2015 Summer Workshop on Money, Banking, Payments and Finance; (2015) Endogenous Market making and Network Formation

Finance Theory Group 12th meeting (2015) Endogenous Market making and Network Formation

The Frontiers of Macroeconomics Conference (2015) Endogenous Market making and Network Formation

Seminar, University of Rochester (2014) A Search Theory of Sectoral Reallocation

Seminar, University of California-Irvine (2014) A Search Theory of Sectoral Reallocation

Seminar, Tippie College of Business, University of Iowa (2013) Adverse Selection and Liquidity Distortion

NBER Summer Institute 2012, Workshop on Macro Perspectives (2012) A Search Theory of Sectoral Reallocation

2012 Society of Economic Dynamics Annual Meeting (2012) Adverse Selection and Liquidity Distortion

Seminar at Federal Reserve Bank of Richmond (2012) Adverse Selection and Liquidity Distortion

Seminar at Fuqua School of Business (2012) Adverse Selection and Liquidity Distortion

Seminar at Sauder School of Business (2012) Adverse Selection and Liquidity Distortion

Seminar, Wharton (2012) Adverse Selection and Liquidity Distortion

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