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NYU Stern Professor Johannes Stroebel is the David S. Loeb Professor of Finance at NYU Stern and the director of the School’s Climate Finance Initiative. Professor Stroebel researches topics not often covered in finance, like climate change and social capital, and his influential work leads the conversation in these emerging spaces.

In 2023, the American Finance Association awarded Professor Stroebel the prestigious Fischer Black Prize, given every two years to the top financial economist under the age of 40. In speaking about the award in a feature interview with Poets&Quants, Professor Stroebel noted, “With both the climate and the social capital work, I think we spend a lot of time actually making sure there’s real world impact.”

He advises governments and firms on how to manage the financial risks from climate change, and his research continues to drive conversations in leading media outlets.

In a recent co-authored op-ed for the Financial Times, he wrote about the growing case to embed climate risk in finance teaching. And in 2022, his co-authored, landmark study on how social capital impacts economic mobility was featured in outlets like The New York Times and The Economist.

He has won several awards for his research and teaching, including the Alfred P. Sloan Research Fellowship, the Andrew Carnegie Fellowship, the AQR Asset Management Institute Young Researcher Prize, and the Journal of Finance Brattle Award for best paper. He was also named a Best MBA professor under 40 by Poets&Quants. His research has been published by top journals, including American Economic Review, Journal of Finance, Journal of Financial Economics, Nature and more, and he has held several top editorial positions.

In 2023, Professor Stroebel delivered a report to the White House addressing extreme weather risks, as a part of a working group and with the President’s Council of Advisors on Science and Technology.

Learn more in this video and below: 

Noteworthy media coverage featuring Professor Stroebel’s work: 

• Financial Times | “The Growing Case to Embed Climate Risk in Finance Teaching.” | 6/18/2024
• The Wall Street Journal | “ESG Investors Have Ethical Motives. They Also Expect to Outperform the Market.” | 8/13/2023
• Poets&Quants | “The P&Q Interview: NYU Stern’s Johannes Stroebel, Winner Of The Fischer Black Prize For Financial Research With Impact.” | 1/25/2023
• Nature | “The Association Between Social Connections and Economic Mobility. In Conversation with Raj Chetty, Johannes Stroebel and Matthew O. Jackson.” | 10/13/2022
• The Economist | “Friendship Across Class Lines May Boost Social Mobility and Decrease Poverty.” | 8/11/2022
• New York Times | “Vast New Study Shows a Key to Reducing Poverty: More Friendships Between Rich and Poor.” | 8/1/2022
• Poets&Quants | “2022 Best 40-Under-40 MBA Professors: Johannes Stroebel, NYU Stern School of Business.” | 5/13/2022
• Forbes | “Here Are The 28 Andrew Carnegie Fellows For 2022.”  | 4/27/2022
• Marketwatch | "Stock Prices Undercount Climate-Change Risks, and Real-Estate Markets are Way Way Off, Paper Shows.” | 8/9/2021
• Wired | “In New York, Friendships Run Along Subway Lines.” | 7/10/2019

Noteworthy research from Professor Stroebel impacting government policy:

• “Climate Risks and Financial Markets: The Role of Financial Regulators in the UAE and Around the World”
  • Central Bank of the UAE, Working Paper No. 2401
  • Coauthors: Oguzhan Cepni and Francesco Grigoli
• “Extreme Weather Risk in a Changing Climate: Enhancing prediction and protecting communities”
  • Co-written as part of a working group at the President’s Council of Advisors on Science and Technology (2023)
• “Managing Climate Risk in the U.S. Financial System”
  • Co-written as part of the Climate-Related Market Risk Subcommittee, Market Risk Advisory Committee of the CFTC (2020)
• “The Economics of Mortgage Debt Relief”
  • Central Bank of Ireland, Financial Stability Notes, 2021-6
  • Coauthors: Edward Gaffney and Fergal McCann