Darius Nik Nejad

Finance Theory, Asset Pricing, Market Microstructure, Corporate Finance

Hugonnier, J. & Nik Nejad, D. (2025). Heterogeneous Beliefs Recovery. Working Paper.
Hugonnier, J. & Nik Nejad, D. (2025). OTC Markets with Private Valuations. Working Paper.
Hugonnier, J. & Nik Nejad, D. (2025). First-Price Auctions with Non-Monotone Payoffs: An Explicit Solution. Working Paper.
Nik Nejad, D. (2026). Debt Clienteles and Capital Structure. Job Market 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 the interaction of demand and supply affect asset prices, trading, and corporate financial decisions. My work combines continuous-time methods, dynamic equilibrium models, and tools from game theory.