Mark Leary

Co-Vice Dean of Faculty and Research and Professor of Finance

Mark Leary

Mark Leary

Professor Leary joined Olin in 2010. He taught previously at Cornell University and, prior to his academic career, worked for CVS Corp. and the Federal Reserve Bank of NY. Leary's research investigates the motives behind corporate financial policy decisions, including leverage, security issuance, dividend and share repurchase decisions. His work demonstrates the roles of adjustment costs, credit conditions, and peer firms in affecting financial policy.

Area of Expertise

Corporate Finance, Corporate Finance


  • Ph D 2006, Duke University
  • MBA 1998, New York University, Stern School of Business
  • BA 1994, Rutgers University


  • Marshall Blume Prize in Financial Research (First prize), Rodney White Center, 2014
  • Terker Family Prize in Financial Research, First Prize, Rodney L. White Center for Financial Research, 2010
  • Brattle Group Prize for Distinguished Paper , Journal of Finance , 2009
  • Brattle Group Prize for Distinguished Paper , Journal of Finance, 2006
  • Competitive Paper Award in Corporate Finance, Financial Management Association Meetings, 2004

Research Interests

Empirical corporate finance - capital structure, payout policy, security issuance and financial intermediaries

Personal Interests

Professor Leary enjoys music, sports, and spending time with his family.

Selected Publications

  • "The Pecking Order, Debt Capacity, and Information Asymmetry", Journal of Financial Economics, with Mr Roberts, 2010
  • "Bank Loan Supply, Lender Choice, and Corporate Capital Structure", Journal of Finance, 2009
  • "Do Firms Rebalance their Capital Structures? ", Journal of Finance, with Mr Roberts, 2005
  • "Do Peer Firms Affect Corporate Financial Policy?", Journal of Finance, Issue 1, 139-178, with Michael Roberts , 2014
  • "Determinants of Dividend Smoothing: Empirical Evidence ", Review of Financial Studies, with Roni Michaely, 2011