Assistant Professor of Finance
Palumbo Donahue School of Business
Pittsburgh, PA, 15282
Phone: 412.396.6257 Fax: 412.396.4764
Charles Favreau joined the Department of Economics and Finance Fall 2017 as an Assistant Professor. He earned his PhD in Finance from the University of Arizona in 2017 and his Masters in Finance from the University of South Florida in 2012. Prior to graduate school, Favreau worked as a Senior Project Manager for Liberty Building Forensics Group and went onto to start his own consulting firm, Delphi Building Science, after becoming a Certified General Contractor.
Favreau’s research interests include investments and the determinants of household investment decisions. His research, “Do Peer Effects Influence Portfolio Choice? Evidence from 401(k) Allocations,” investigates employees’ allocation of 401(k) assets to employer stock. Since the collapse of Enron and Worldcom, concerns regarding the investment in company stock have been expressed by researchers, financial advisers, and legislators. Despite the near universal admonishment, employees continue to make this investment. Charles finds that employees invest more in company stock when management at the firm invest more – a finding which implies that policies involving education alone may fall short at preventing this investment. This research was presented at Financial Management Association’s annual conference in Boston and Southern Finance Association’s conference in Key West in Fall 2017.