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Sam Kruger

Associate Professor

Department:     Finance

Research Areas:     Asset Pricing, Finance - Corporate, Real Estate Finance

Samuel Kruger headshot


Samuel Kruger is an associate professor of finance at The University of Texas at Austin’s McCombs School of Business. He has taught courses on investment management for McCombs, capital markets for Harvard College, and entrepreneurial finance and private equity for the University of Chicago Booth School of Business.

Prior to joining McCombs, he worked as a consultant for Bain & Company, a global management consulting firm specializing in strategic marketing, digital transformation, mergers and acquisitions, corporate finance, and sustainability.

In addition to academia, Kruger has established himself as a researcher in financial intermediation, household finance, real estate, corporate finance, and asset pricing. He has written papers on mortgage securitization and foreclosure, the connection between personal and professional behavior, and the financial crisis of the 2000s. His works have been published in the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Proceedings of the National Academy of Sciences, and Management Science

Kruger has been invited to present his research at numerous conferences, seminars, and talks at organizations such as the American Finance Association, the Western Finance Association, the National Bureau of Economic Research, and the American Real Estate and Urban Economics Association.

Kruger earned an A.B. degree in applied mathematics and an A.M. in statistics from Harvard University. He earned an MBA from the University of Chicago Booth School of Business and returned to Harvard University to earn a Ph.D. in business economics.



CBA Foundation Research Excellence Award for Assistant Professors


McCombs Research Excellence Grant


McCombs Research Excellence Grant


University of Texas Society for Teaching Excellence


McCombs Research Excellence Grant


McCombs Research Excellence Grant


Samuel Kruger, Gonzalo Maturana, and Jordan Nickerson. August 2023. How Has COVID-19 Impacted Research Production in Economics and Finance? Review of Financial Studies.36(8): 3348-3381.


John M. Griffin, Samuel Kruger, and Prateek Mahajan. June 2023. Did Fin Tech Lenders Facilitate PPP Fraud? Journal of Finance 78(3): 1777-1827.

John M. Griffin, Nicholas Hirschey, and Samuel Kruger. April 2023. Do Municipal Bond Dealers Give their Customers ‘Fair and Reasonable’ Pricing? Journal of Finance 78(2): 887-934.

Samuel Kruger and Gonzalo Maturana. 2021. Collateral Misreporting in the Residential Mortgage-Backed Security Market. Management Science 67(4), 2729-2750.

Samuel Kruger. 2021. High Aversion to Stochastic Time Preference Shocks and Counterfactual Long-Run Risk in the Albuquerque et al. Valuation Risk Model. Critical Finance Review 10(3), 383-408.

John M. Griffin, Samuel Kruger, and Gonzalo Maturana. 2021. What Drove the 2003-2006 House Price Boom and Subsequent Collapse? Disentangling Competing Explanations. Journal of Financial Economics 141(3), 1007-1035.

John M. Griffin, Samuel Kruger, and Gonzalo Maturana. 2019. Do Labor Markets Discipline? Evidence from RMBS Bankers. Journal of Financial Economics 133(3), 726-750.

John M. Griffin, Samuel Kruger, and Gonzalo Maturana. 2019. Personal Infidelity and Professional Conduct in 4 Settings. Proceedings of the National Academy of Sciences (PNAS) 116(33), 16268-16273.

Samuel Kruger. 2018. The Effect of Mortgage Securitization on Foreclosure and Modification. Journal of Financial Economics 129(3), 586-607.