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Dr. William C. Gerken, CFA

Gatton College of Business and Economics, University of Kentucky, 550 S. Limestone, Lexington, KY 40526


Welcome to my home page. I am an Assistant Professor and PNC Research Fellow at the Gatton College of Business and Economics at the University of Kentucky.

Currently, my research focuses on the role of peer effects, disclosure, and reputation for the behavior of financial intermediaries, investment fraud, and corporate governance.

Selected Publications

"How One Bad Employee Can Corrupt a Whole Team" with Stephen Dimmock, Harvard Business Review, 2018

"Is Fraud Contagious? Career Networks and Fraud by Financial Advisors" with Stephen Dimmock and Nathaniel Graham, Journal of Finance, 2018

"Capital Gains Lock-In and Governance Choices" with Stephen Dimmock, Zoran Ivkovich, and Scott Weisbenner, Journal of Financial Economics, 2018

"Hedge Fund Boards and the Market for Independent Directors" with Chris Clifford and Jesse Ellis, Journal of Financial and Quantitative Analysis, forthcoming

"Regulatory Oversight and Return Misreporting by Hedge Funds" with Stephen Dimmock, Review of Finance, 2016     (Internet Appendix)

"What Determines the Allocation of Managerial Ownership within Firms? Evidence from Investment Management Firms" with Stephen Dimmock and Jennifer Marietta-Westberg, Journal of Corporate Finance, 2015

"Blockholder Ownership and Corporate Control: The Role of Liquidity" Quarterly Journal of Finance, 2014

"Predicting Fraud by Investment Managers" with Stephen Dimmock, Journal of Financial Economics, 2012 (previously titled "Finding Bernie Madoff: Detecting Fraud by Investment Managers")

Working Papers

"The Importance of Family: The Role of Mutual Fund Family Reputation in Investment Decisions" with Laura Starks and Mike Yates

"Investment in Human Capital and Labor Mobility: Evidence from a Shock to Property Rights" with Chris Clifford

"Assessing Risk using Self-Regulatory Organization Disclosures" with Stephen Dimmock

"Real Estate Shocks and Financial Advisor Misconduct" with Stephen Dimmock and Tyson Van Alfen

My Curriculum Vitae



Contact Information:

Office: (859) 257-2774 | Fax: (859) 257-9688 | Email: will.gerken at