Richard R. Townsend

Assistant Professor of Business Administration; Daniel T. Revers T’89 Faculty Fellow


DegreePhD, Harvard University, 2011; BA, Stanford University, 2005

AREAS OF EXPERTISECorporate finance, entrepreneurial finance

Current Research Topics

  • Venture Capital, Innovation
  • Executive Compensation
  • Initial Public Offerings
  • Mergers and Acquisitions

Working Papers

  • "Swinging for the Fences: Executive Reactions to Quasi-Random Option Grants"
  • "Propagation of Financial Shocks: The Case of Venture Capital"
  • "Learning from Luck: Evidence from Mutual Fund Managers"


  • Harvard Graduate Fellowship, 2005–11
  • Anna Laura Meyers Award, Stanford University, 2005
  • National Merit Scholarship, 2001

Professional Activities

Academic positions

  • Tuck School of Business, 2011–present
  • Teaching Fellow, Harvard University, 2007–10 

Nonacademic positions

  • Intern, Council of Economic Advisors, White House, 2003