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Natalia I. Reisel

Business faculty- Natalia Reisel

Associate Professor
Finance and Business Economics
Joined Fordham: 2012

General Information:
45 Columbus Avenue, Room 625,
New York, NY 10023



Natalia Reisel joined the Gabelli School of Business in 2012 after serving on the faculty of Southern Methodist University. She holds a PhD in finance from Rutgers University, where she won the Dean's Outstanding Dissertation Award.

Dr. Reisel's research interests are in the area of empirical corporate finance, with a primary focus on financial contracting, fixed income securities and strategic alliances. She has published papers in leading finance journals, including Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance and Financial Management. Her paper on bond ratings won the Financial Management Association Best Paper Award in the area of fixed-income research, and her paper on Yankee bonds won the same award in the area of international finance. Dr. Reisel teaches the Fixed Income and Financial Management courses at Fordham.


  • PhD: Rutgers University

Research Interests

  • Corporate Finance
  • Financial Contracting
  • Strategic Alliances
  • Fixed Income Securities


  • "On the Value of Restrictive Covenants: Empirical Investigation of Public Bond Issues", 2014, Journal of Corporate Finance, 27, 251-268.
  • "Value Creation from Asset Sales: New Evidence from Bond and Stock Markets" (with Matt Clayton), 2013, Journal of Corporate Finance, 22, 1-15. Lead article.
  • "Capital Allocation by Public and Private Firms" (with Sandra Mortal), 2013, Journal of Financial and Quantitative Analysis, 78, 77-103.
  • "Do Country-level Investor Protections Affect Security-level Contract Design? Evidence from Foreign Bond Covenants" (with Darius Miller), 2012, Review of Financial Studies, 25, 408-438. This paper won the FMA Best Paper Award in International Finance. Featured by The Economist, in Executive Briefing.
  • "The Notching Rule for Subordinated Debt and the Information Content of Debt Rating" (with Kose John and Avri Ravid), 2010, Financial Management, 39(2), 489-513. This paper won the FMA Best Paper Award in Fixed Income Research.
  • "Choosing to Co-finance: Analysis of Project Specific Alliances in the Movie Industry"(with D. Palia and A. Ravid), 2008, Review of Financial Studies, 21(2), 483-511. Lead article.