John Finnerty

John Finnerty is the managing principal of Finnerty Economic Consulting. Before assuming this role, he served as managing principal of Analysis Group, partner at PriceWaterhouseCoopers, director at Houlihan Lokey Howard & Zukin, and general partner at McFarland Dewey & Co.

• Ph.D.: Operations Research, Naval Postgraduate School
• Master's: B.A., M.A., Economics, Cambridge University
• Bachelor's: B.A., Mathematics, Williams College

• Corporate finance
• Fixed income securities
• Derivative instruments and hedging
• Project finance
• Tuition prepayment plans

Journal articles

• Finnerty, John D., Natalia Reisel, Xun Zhong (2025), “ETFs, Creation and Redemption Processes, and Bond Liquidity,” Journal of Financial and Quantitative Analysis, 60(4), 1891 – 1924.
• Finnerty, John D., and Natalia Reisel (2025), “Climate Policy Performance Bonds: Holding Governments Accountable for their Climate Policy Commitments,” The Journal of Fixed Income, Winter 2025, 34(3), 83 – 104.
• Finnerty, John D. (2022), “Charity Begins at the Office: Issuing Cheap Stock and Stock Options to Employees and Insiders Before Going Public,” Managerial Finance. 50(10), 1815 – 1836.
• Yi, Cameron M., Andrew S. Huhn, J. Gregory Hobelmann, John D. Finnerty, Bernadette Solounias, Kelly E. Dunn (2022), “Integration of Patient-reported Outcomes Assessment Into Routine Care for Patients Receiving Residential Treatment for Alcohol and/or Substance Use Disorder,” Journal of Addiction Medicine, 16(4), e240 – e247.
• Finnerty, John D. (2022), “Seeking Improved Yield: How to Make SEC Yield More Suitable for TIPS,” The Journal of Fixed Income, Spring 2022, 31(4), 100 – 111.
• Finnerty, John D., Mark Hushen, Jim Denvir, J. Gregory Hobelmann, and Alex Denstman (2021), “Leveraging Spirituality in Recovery, Fighting Misconceptions to Improve Patient Outcomes,” Article written for Addiction Professional.
• Chen, Ren-Raw, John D. Finnerty, and Bruno G. Kamdem, 2021, “CDS-Implied Risk of US Delinquency: Implications for the US Debt Ceiling,” The Journal of Fixed Income, Summer 2021, 31 (1), pp. 6 – 26.
• Finnerty, John D. (2020), “Commentary: An Error in How The Unemployment Rate was Calculated Means we Should be More Worried Than We Already Are,” Fortune.
• Finnerty, John D., and Rachael W. Park (2018), “Valuing a Private Equity Carried Interest as a Call Option on Fund Performance,” The Journal of Private Equity, 21(2), 14 – 30.
• Finnerty, John D., and Laura Gonzalez (2017), “Why European Banks are Undercapitalized and What Should Be Done About It,” Journal of Applied Corporate Finance, 29(4), 65 – 71.
• Finnerty, John D., and Mengyi Tu (2017), “Valuing Convertible Bonds: A New Approach,” Business Value Review, 36(3), 85 – 102.
• Finnerty, John D., Jeffrey Turner, Jack Chen, Rachael W. Park (2011), “Regulatory Uncertainty and Financial Contagion: Evidence from the Hybrid Capital Securities Market,” Financial Review, 46(1), 1–42.
• Finnerty, John D. (2011), “A Review of Recent Derivatives Litigation,” Fordham Journal of Corporate & Financial Law, 16(1:1), 73–123.
• Finnerty, John D. (2009), “A Closer Look at Correction for False Discovery Bias When Making Multiple Comparisons,” Journal of Forensic Economics, 21(1), 55–62.

Chapters in books and other publications

• Corporate Financial Management, 4th ed., 2011; Project Financing: Asset-Based Financial Engineering, 2nd ed., 2007
• Corporate Financial Management, 3rd ed., 2006; Project Financing: Asset-Based Financial Engineering, 2nd ed,; Convertible Securities in Merger Transactions and the Resolution of the Double-Sided Asymmetric Information Problem, (working paper with An Yan