Joseph Farizo

Robins School of Business · 102 UR Drive · Office 329· University of Richmond, VA 23173 · (804) 289-8565 ·

I am an Assistant Professor of Finance at the University of Richmond's Robins School of Business. At UR, I teach multiple sections of investments. My research focuses on corporate governance and financial intermediation. As a graduate student at the University of Kentucky, I led courses and seminars in corporate finance, Microsoft Excel, and Python programming.

I was born and raised south of New Orleans, Louisiana and obtained my Bachelor's and Master's degrees in finance from Louisiana State University. In my spare time, I enjoy traveling, motorcycling, and playing the guitar (poorly).


University of Kentucky

PhD of Business Administration- Finance & Quantitative Methods
2015 - 2020

Louisiana State University

MS- Finance

Louisiana State University

BS- Finance
2008 - 2011


Postlethwaite & Netterville, APAC
8550 United Plaza Blvd., Suite 1001
Baton Rouge, LA 70809

Business valuation consulting.
Summer 2014

TWFG Insurance Services
148 Croydon Avenue
Baton Rouge, LA 70820

Branch owner and insurance agent.


Click here to download a copy of my CV.


Research & Data

(Black)Rock the Vote: Index Funds and Opposition to Management

Job Market Paper.

I propose a novel identification strategy to examine whether “passive” index funds participate in monitoring. Specifically, I examine how index funds vote their proxies on firms in its index that their family does not hold in actively managed funds. For a given proxy proposal at a given point in time, I find an index fund is more likely to oppose management on shares its family does not hold in its active funds than on shares its family does hold in its active funds. I further demonstrate index fund voting has effects on proposal passage rates and on shareholder value.

Presented at SEC PhD Consortium (2018), Eastern Finance Association (2019), University of Kentucky (2019), FMA PhD Student Consortium (2019), FMA Annual Meeting (2019), University of South Carolina (2019), The College of New Jersey (2019), Salisbury University (2019), Towson University (2019), University of Richmond (2019), The Citadel (2019).

Misconduct and Fraud by Investment Managers

With Steve Dimmock and Will Gerken. Chapter in the handbook Corruption and Fraud in Financial Markets: Malpractice, Misconduct, and Manipulation.

We document the prevalence and variety of frauds committed by investment managers. We show that prior legal and regulatory violations, conflicts-of-interest, and monitoring disclosures available via the Security and Exchange Commission’s Form ADV are useful for predicting fraud. Additional tests show that fraud by rogue employees is more predictable than firm-wide fraud, but both types of fraud are significantly predictable. We revisit the fraud prediction model of Dimmock and Gerken (2012) and test its performance out-of-sample (using fraud cases discovered since that article’s publication). We find the model has significant predictive power for the out-of-sample cases. To encourage additional research in this area, we have made the data used in this chapter publicly available at

Following Dimmock and Gerken (2012) and Dimmock, Gerken, and Marietta-Westberg (2015), we use Form ADV data to construct an annual panel of registered investment advisors. Variable definitions are available at the data download site. If you use this dataset, please cite Dimmock, Farizo, and Gerken (2018) and Dimmock and Gerken (2012).

Click here to visit my SSRN page.


FIN 366: Investments

Fall 2020

Course Materials (coming soon)

Python for Finance

(Archived) UKY Spring 2019 Seminar


B&E 105: Excel

(Archived) UKY 2018-2020

Excel Study Guides

FIN 300: Intro to Corporate

(Archived) UKY 2018

Course Materials


Market Hours: 9:30am - 4pm ET
The Wall Street JournalThe New York TimesThe EconomistSeeking Alpha
Finance (and other) Career Information: BLS Occupational Outlook Handbook