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Felipe Restrepo

Associate Professor, Finance

Paul Desmarais/London Life Faculty Fellowship in Finance

Felipe Restrepo

Contact Information

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  • Corporate Finance
  • Credit Ratings
  • Financial Intermediation
  • International Capital Markets

Research Publications

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My primary research interests are in empirical corporate finance and financial intermediation. My current research focuses on the financial and real effects of bank transaction taxes, and on the impact of credit rating policies on the investment and financing decisions of firms.
I earned my PhD in Finance from Boston College in May, 2014. I have a Master of Science in Finance also from Boston College (2009) and a BS in Economics from EAFIT University in Medellin, Colombia (2004).
Before my PhD I worked for five years in the financial industry in Colombia. First in Valores Bancolombia, Colombia's largest brokerage firm, as a Quantitative Analyst in the Economic Research Department, and then in Bancolombia, Colombia's largest bank, as a Project Manager in the Derivatives and Risk Management division.


  • Finance (HBA1)
  • Global Corporate Finance (MSc)

Programs Taught

  • HBA
  • MSc


  • Ph.D. in Finance, Boston College
  • M.S. in Finance, Boston College

Recent Refereed Articles

  • Busaba, W. Y.; Restrepo, F., 2022, "“The 7% Solution” and IPO (Under)Pricing", Journal Of Financial Economics
  • Restrepo, F.; Taillard, J. P., 2022, "Private firms’ incentives and opportunities to manage earnings: Evidence from the use of inflation adjustments", Journal of Business Finance & Accounting, January 49(1-2): 69 - 110.
  • Busaba, W. Y.; Liu, Z.; Restrepo, F., 2020, "Do Underwriters Price-Up IPOs to Prevent Withdrawal?", Journal of Financial and Quantitative Analysis, September 55(6): 2005 - 2036.
  • Restrepo, F.; Cardona-Sosa, L.; Strahan, P. E., 2019, "Funding Liquidity Without Banks: Evidence from a Shock to the Cost of Very Short-Term Debt", Journal Of Finance, December 74(6): 2875 - 2914.
  • Restrepo, F., 2019, "The Effects of Taxing Bank Transactions on Bank Credit and Industrial Growth: Evidence from Latin America", Journal of International Money and Finance, May 93: 335 - 355.
  • Almeida, H.; Cunha, I.; Ferreira, M.; Restrepo, F., 2017, "The Real Effects of Credit Ratings: The Sovereign Ceiling Channel", Journal of Finance, January 72(1): 249 - 290.

For more publications please see our Research Database

Honours & Awards

  • Early Career Impact Award, 2021
  • HBA1 David G. Burgoyne Teaching Award, 2019
  • Fulbright Foreign Scholarship, 2008


  • Bancolombia - Colombia's largest Commercial Bank (Medellin, Colombia): Project Manager, Derivatives and Structured Products (2006 - 2008)
  • Valores Bancolombia - Colombia's largest Brokerage Firm (Medellin, Colombia): Quantitative Analyst, Economic Research (2004 - 2006)
  • Valores Bancolombia - Colombia's largest Brokerage Firm (Medellin, Colombia): Emerging Markets Analyst, Economic Research (2003 - 2004)

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