203.436.0785

Assistant Professor of Finance

Professor Tookes' research primarily focuses on market microstructure and price discovery across related assets. Her current projects focus on how insiders' trading decisions in stock markets are related to firm competition in product markets and the role of capital structure in trading, liquidity, and price dynamics. Other broad areas of interest include finance and product market interactions, insider trading regulation, and empirical corporate finance. She teaches advanced corporate finance.

Achievements and Awards
Morgan Stanley Equity Market Microstructure Research Grant, 2005-2006
Barclays Global Investors award at the European Finance Association Annual Meeting, 2003
Russell-Sage Fellowship, Cornell University, 1998-2001

Selected Articles
"Convertible Bond Arbitrage, Liquidity Externalities and Stock Prices" (with D. Choi and M. Getmansky), Journal of Financial Economics, forthcoming

"Information, Trading and Product Market Interactions: Cross-Sectional Implications of Informed Trading," Journal of Finance, Vol. 63, No. 1, 2008

Working Papers
"Dynamic Competition, Innovation and Strategic Financing" (with M. Spiegel)

"News, Disagreement and Trading Location" (with S. Chava)

"Firm Diversification and Equilibrium Risk Pooling: The Korean Financial Crisis as a Natural Experiment" (with R. Masson and T. Um)

Education
PhD Cornell University, 2003
BA Brown University, 1996