Malcolm Baker

{{Short description|American rower and economist}} {{for|the Australian spree killer|Malcolm George Baker}} {{EngvarB|date=February 2018}} {{Use dmy dates|date=February 2018}} {{Infobox scientist | name = Malcolm Baker | birth_date = {{birth year and age|1970}} | birth_place = | death_date = | death_place = | field = Finance | workplaces = Harvard University | education = Brown University (BA)<br>St Edmund's College, Cambridge (MPhil)<br>Harvard University (PhD) | known_for = 1992 Olympic Rower | prizes = Brattle Prize }} '''Malcolm P. Baker''' (born c. 1970) is a professor of finance, and a former Olympic rower.

==Education== Baker graduated from St. Albans School and began rowing at Brown University.<ref>{{Cite news|last=|first=|date=July 22, 1992|title=AREA OLYMPIANS|url=https://www.washingtonpost.com/archive/sports/1992/07/22/area-olympians/07868cdb-3e23-4dd1-b726-c23ea0831d13/|access-date=August 9, 2020|newspaper=The Washington Post}}</ref> As a Freshman he was on a National Championship team<ref name=OIS>{{cite web|url=http://www.harbus.org/2004/OnCampus-Interview-Series-A-2518/|title=On-Campus Interview Series: A Baker Scholar|accessdate=13 May 2008|date=2 February 2004|publisher=Harbus|author=Khan, Jamil|work=The Harbus - The Student News Organization of Harvard Business School since 1937|archive-date=8 February 2018|archive-url=https://web.archive.org/web/20180208092608/http://www.harbus.org/2004/OnCampus-Interview-Series-A-2518/|url-status=dead}}</ref> and he became the 1991 Outstanding Male Athlete. He also earned a bachelor's degree in applied mathematics and economics at Brown in 1992.<ref name=F8>{{cite web|url=http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=60WQjAWGR6BocGZ&ID=4658725|title=FORM 8-K|accessdate=13 May 2008|date=12 September 2006|publisher=TAL International Group, Inc.|url-status=dead|archiveurl=https://web.archive.org/web/20110710171704/http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1%3FSessionID=60WQjAWGR6BocGZ&ID=4658725|archivedate=10 July 2011}}</ref> He raced for the United States National Rowing Team in the 1990 and 1991 World Championships and the 1992 Summer Olympics. At the Olympics his eight-man team finished fourth.<ref>{{cite web|url=http://www.rowinghistory.net/US%20Team/members-b.htm|title=U.S. Team Members: B|accessdate=13 May 2008|publisher=Friends of Rowing History|year=2001|archive-url=https://web.archive.org/web/20180208064226/http://www.rowinghistory.net/US%20Team/members-b.htm|archive-date=8 February 2018|url-status=dead}}</ref> Baker earned a M.Phil. in finance from St Edmund's College, Cambridge in 1993, and a PhD in business economics from Harvard University in 2000.<ref name=F8/> At Cambridge, he helped the crew team defeat the University of Oxford in The Boat Race for only the second time in eighteen contests.<ref name=OIS/>

==Professional career== Prior to graduate study he was a senior associate at Charles River Associates,<ref name=F8/> and during graduate study he served as a teaching fellow at Harvard University. He has been on the faculty at the Harvard Business School since earning his PhD in 2000.<ref name=MPBBio/> He was an assistant professor from 2001 to 2004, associate professor from 2004 to 2007 and has been a full professor since.<ref>{{cite web |date=22 October 2012 |title=Malcolm Baker |url=http://www.people.hbs.edu/mbaker/cv/cv.pdf |archive-url=https://web.archive.org/web/20150501074637/http://www.people.hbs.edu/mbaker/cv/cv.pdf |archive-date=2015-05-01 |accessdate=14 March 2013 |publisher=Harvard Business School}}</ref>

As a professor he has written numerous case studies and has been widely published.<ref name=MPBBio/> He has served as associate editor for the ''Journal of Finance'' and the ''Review of Financial Studies''.<ref name=MPBBio>{{cite web|url=http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=bio&facEmId=mbaker%40hbs.edu|title=Malcolm P. Baker: Professor of Business Administration: Biography|accessdate=13 May 2008|publisher=President and Fellows of Harvard College|archive-date=1 April 2008|archive-url=https://web.archive.org/web/20080401113909/http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=bio&facEmId=mbaker%40hbs.edu|url-status=dead}}</ref> During his career he has been a three-time Brattle Prize nominee and a two-time Smith Breeden Prize nominee. In 2002, "Market Timing and Capital Structure" (co-authored with Jeffrey Wurgler) was recognised with the Brattle Prize by the American Finance Association as the best corporate finance research paper published in the ''Journal of Finance'' that year.<ref>{{cite web|url=http://www.afajof.org/journal/prizeabs.asp#first03|accessdate=13 May 2008|title=Abstracts of Brattle Prize Winning Papers (2003)|publisher=American Finance Association|url-status=dead|archiveurl=https://web.archive.org/web/20090529084848/http://www.afajof.org/journal/prizeabs.asp#first03|archivedate=29 May 2009}}</ref> In that same year, he and co-author Jeremy Stein, attributed low abnormal returns following high liquidity to the "dumb investor effect."<ref>{{cite web|url=http://www.businessweek.com/magazine/content/02_14/c3777034.htm|archive-url=https://web.archive.org/web/20020409154323/http://www.businessweek.com/magazine/content/02_14/c3777034.htm|url-status=dead|archive-date=9 April 2002|title= Economic Trends|accessdate=13 May 2008|date=8 April 2002|work=Bloomberg BusinessWeek|publisher=The McGraw-Hill Companies Inc.|author=Mandel, Michael J.}}</ref> Baker also serves as a faculty research fellow in the corporate finance program at the National Bureau of Economic Research. He has served as an independent director of board of directors of TAL International Group, Inc. and of each of its US subsidiaries since 12 September 2006,.<ref name=F8/>

For his work as a co-author (with Lubomir Litov, Jessica A. Wachter, and Jeffrey Wurgler) of "Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements" in the October 2010 ''Journal of Financial and Quantitative Analysis'', he earned the William F. Sharpe Award for Best Paper in 2011 for his paper.<ref name=MPBBio/>

Baker is also Director of Research at Acadian Asset Management.<ref name=MPBBio/>

==Personal== Baker is married with children.<ref name=OIS/>

==Notes== {{reflist}}

==External links== * [http://www.people.hbs.edu/mbaker/cv/cv.pdf Curriculum vitae]

{{DEFAULTSORT:Baker, Malcolm}} Category:1970s births Category:21st-century American economists Category:St. Albans School (Washington, D.C.) alumni Category:Alumni of St Edmund's College, Cambridge Category:American expatriate sportspeople in England Category:Brown University alumni Category:Cambridge University Boat Club rowers Category:American financial economists Category:Harvard Business School alumni Category:Harvard Business School faculty Category:Living people Category:Olympic rowers for the United States Category:Rowers at the 1992 Summer Olympics Category:Year of birth missing (living people)