Home

Photographer: Simon Metselaar

Thu Nguyen

Welcome to my page!

I am a PhD candidate at the University of Amsterdam and Tinbergen Institute, under the supervision of Aleksandar Andonov and Esther Eiling

My research focuses on asset pricing, specifically how macroeconomic impacts of firms and how institutional investors’ demand affect asset pricing. 

I am on the 2024/2025 academic job market.

My job market paper, titled "Market Concentration, Capital Misallocation, and Asset Pricing", empirically studies the asset pricing implications of superstar firms through the channel of capital misallocation. I find that capital misallocation between superstar and non-superstar firms is a state variable, consistent with the ICAPM framework. Its shocks carry a negative price of risk in the cross-section of stock returns.

I obtained an MPhil in Economics at Tinbergen Institute, specializing in Finance and Econometrics, and a BSc in Econometrics and Operations Research at Maastricht University (Honors and Cum Laude).

Research Interests: Empirical asset pricing, macro-finance, institutional investors, demand-based asset pricing.

Placement Director: Eric Bartelsman (Tinbergen Institute), E: e.j.bartelsman@tinbergen.nl 

References:

Upcoming Events: