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Salman Arif

Associate Professor


  • BA
    Mathematics, Cornell University
  • PhD
    Stanford Graduate School of Business


  • Capital Markets, Disclosure, Financial Statement Analysis


Salman Arif is an award-winning Associate Professor at the Carlson School of Management at the University of Minnesota. Previously, he was an assistant professor at Indiana University’s Kelley School of Business and a visiting assistant professor at the Wharton School at the University of Pennsylvania. He earned a BA in Mathematics from Cornell University and a PhD from the Stanford Graduate School of Business. 

He began his research career working on the multispectral image processing system aboard NASA's Spirit and Opportunity Mars rovers launched in 2003. Upon the successful launch of the Mars rovers he joined the investment bank at JP Morgan, where he traded exotic equity and credit derivatives and managed a $1bn+ options portfolio.

He has received multiple best paper awards for his scholarly work and is the recipient of the Indiana University Trustee Teaching Award and was a Finalist for the Business Week Faculty of the Year at the Carlson School (University of Minnesota). His research has been published in top-tier academic journals including the Journal of Accounting and Economics and Review of Financial Studies and has been covered by CNN, Financial Times, Barron's and Marketwatch. His areas of expertise include capital markets, ESG, valuation and corporate governance.

Selected Works & Activities

  • Journal Articles
    S. Arif and C. Lee, Aggregate Investment and Investor Sentiment - Review of Financial Studies (2014)
  • Journal Articles
    S. Arif, N. Marshall and T. Yohn, Understanding the relation between accruals and volatility: A real options-based investment approach - Journal of Accounting and Economics (2016)
  • Journal Articles
    S. Arif, N. Marshall, J. Schroeder and T. Yohn, A growing disparity in earnings disclosure mechanisms: The rise of concurrently released earnings announcements and 10-Ks - Journal of Accounting and Economics (2019)
  • 2021                    Business Week Faculty of the Year (Carlson School, University of Minnesota) - Finalist
    2019                    Best Paper Award – 2019 Corporate Governance Symposium, Weinberg Center for Corporate Governance (University of Delaware)
    2016                    Best Paper Award, Finance Down Under conference (Host: University of Melbourne)
    2016                    Indiana University 2015 Trustee Teaching Award

    2016                    Excellence in Reviewing Award – FARS/AAA

    2015                    Winner - second prize, 2015 AQR Research Insight Award ($100K prize pool)
    2006 – 2011   Stanford University Fellowship
    2009 – 2010   Vice President, Stanford GSB Ph.D. Student Association
    2006                    Stanford GSB Jaedicke Merit Award (merit-based award - Stanford GSB PhD program)
    2003                    Phi Beta Kappa, Cornell University
    2003                    Merrill Presidential Scholar, Cornell University
    2001                    Lockheed Martin Award for Outstanding Achievement in Computer Science
    2000 – 2003   Gates Millennium Scholarship, Bill & Melinda Gates Foundation (full scholarship)

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