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Diane Del Guercio

Senior Associate Dean, Faculty and Research | Gerry and Marilyn Cameron Professor of Finance | Director, PhD Program

Affiliations: Finance, Cameron Center for Finance and Securities Analysis, Office of the Dean
Phone: 541-346-5179
Office: Lillis 356, Lillis 389



Diane Del Guercio's current research interests include the investment practices of institutional investors and the role of pension funds in corporate governance. She has taught at the University of Southern California and the University of Queensland. She is currently the senior associate dean for faculty and research at the Lundquist College; formerly she served as finance department head.

Degree History:
  • PhD, University of Chicago, 1994
  • MA, University of Chicago, 1989
  • BA, University of California, Santa Barbara, 1986
Honors and Awards:
  • Gerry and Marilyn Cameron Distinguished Research Scholar

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Areas of Expertise

  • Corporate governance
  • Institutional investors
  • Pension funds and mutual funds

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Journal Articles:

Del Guercio, Diane, and Tracie Woidtke. "Can Strong Corporate Governance Mitigate the Negative Influence of 'Special Interest' Shareholder Activists? Evidence from the Labor Market for Directors." Journal of Financial and Quantitative Analysis 54, no. 4: 1573-1614.

August 2019

Del Guercio, Diane, Egemen Genc, and Hai Tran. "Playing Favorites: Conflicts of Interest in Mutual Fund Management." Journal of Financial Economics 128, no. 3: 535-557.

June 2018

Del Guercio, Diane, Elizabeth R. Odders-White, and Mark J. Ready. "The Deterrent Effect of the SEC's Enforcement Intensity on Illegal Insider Trading: Evidence from Run-Up Before News Events." Journal of Law and Economics 60, no. 2: 269-307.

May 2017

Del Guercio, Diane, and Jonathan Reuter. "Mutual Fund Performance and the Incentive to Generate Alpha." Journal of Finance 69, no. 4: 1673-1704.

August 2014

Del Guercio, Diane, and Paula A. Tkac. "Star Power: The Effect of Morningstar Ratings on Mutual Fund Flow." Journal of Financial and Quantitative Analysis 43, no. 4: 907-936.

December 2008

Del Guercio, Diane, Laura Seery, and Tracie Woidtke. "Do Boards Pay Attention when Institutional Investor Activists 'Just Vote No'?." Journal of Financial Economics 90, no. 1: 84-103.

October 2008

Del Guercio, Diane, Larry Y. Dann, and M. Megan Partch. "Governance and Boards of Directors in Closed-end Investment Companies." Journal of Financial Economics 69, no. 1: 111-152.

July 2003

Del Guercio, Diane, and Paula A. Tkac. "The Determinants of the Flow of Funds of Managed Portfolios: Mutual Funds versus Pension Funds." Journal of Financial and Quantitative Analysis 37, no. 4: 523-557.

December 2002

Del Guercio, Diane, and Jennifer Hawkins. "The Motivation and Impact of Pension Fund Activism." Journal of Financial Economics 52, no. 3: 293-340.

June 1999

Del Guercio, Diane. "The Distorting Effect of the Prudent Man Laws on Institutional Equity Investments." Journal of Financial Economics 40, no 1: 31-62.

January 1996
Book Chapters:

Del Guercio, Diane, and Hai Tran. "Institutional Investor Activism." In Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists, edited by H. Kent Baker and John R. Nofsinger: 359-380. Hoboken, NJ: John Wiley and Sons, Inc.

September 2012

In the News

Can a hedge fund manager successfully run a mutual fund as well? Research by finance professor Diane Del Guercio and coauthors found that the answer is often no.
Lundquist College faculty continue to impress with distinguished honors and top industry recognition for their pioneering work.

When it comes to finance, the Lundquist College has much to quack about of late. Read some of its recent activities and achievements.

Twelve Lundquist College faculty and staff members were the recipients of awards for their hard work over the 2016-2017 academic year.

Doug Wilson and Steve McKeon were recently bestowed two of UO’s highest teaching awards.
A new federal report on retirement savings cites separate studies by UO finance professors.