Darius Nik Nejad

Finance Theory, Asset Pricing, Market Microstructure, Corporate Finance

Hugonnier, J. & Nik Nejad, D. (2025). Heterogeneous Beliefs Recovery. Revise and Resubmit at The Review of Financial Studies.
Nik Nejad, D. (2026). Dynamic Capital Structure and Debt Market Equilibrium. Job Market Paper.
Hugonnier, J. & Nik Nejad, D. (2026). First-Price Auctions with Non-Monotone Payoffs: An Explicit Solution. Working Paper.
Hugonnier, J. & Nik Nejad, D. (2026). OTC Markets with Private Valuations. Working Paper.

My research is in finance theory, with a focus on asset pricing, corporate finance, and market microstructure. I study how investor heterogeneity, market frictions, and market clearing affect asset prices, trading, and corporate financing decisions. My work combines continuous-time methods, dynamic equilibrium models, and tools from game theory.