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Travis Johnson

Associate Professor

Department:     Finance

Research Areas:     Asset Pricing, Derivatives, Informational Asymmetry

Travis Johnson headshot

Travis Johnson is an associate professor at The University of Texas at Austin’s McCombs School of Business, teaching investment management. He has also served as a visiting assistant professor of finance at the MIT Sloan School of Management and as an associate editor at the Journal of Financial and Quantitative Analysis.

Johnson is a respected researcher, having published more than a dozen articles on asset pricing, asset management, and financial econometrics for top journals, including the Journal of Financial Economics and the Review of Financial Studies. His research has been cited several hundred times, and Johnson has been invited to present his research at conferences such as those of the American Finance Association, Western Finance Association, and Financial Research Association.

He has also been featured in numerous news outlets, including Bloomberg, Reuters, and Forbes.

Johnson earned a B.S. in mathematics from the Massachusetts Institute of Technology and a Ph.D. in finance from the Stanford Graduate School of Business.



Q-Group Jack Treynor Prize


Review of Asset Pricing Studies Best Paper Award



Stanford GSB PhD Fellowship



SAC Capital Award for Outstanding Research


Scott Cederburg, Travis L. Johnson, and Michael S. O’Doherty.  March 2023. On the Economic Significance of Stock Return Predictability. Review of Finance 27(2): 619-657.

Travis L. Johnson and Nathan Swem. 2021. Reputation and Investor Activism: A Structural Approach. Journal of Financial Economics 139(1), 29-56.


Travis L. Johnson, Jinhwan Kim, and Eric C. So. 2020. Expectations Management and Stock Returns. Review of Financial Studies 33(10), 4580-4626.


Travis L. Johnson. 2019. A Fresh Look at Return Predictability Using a More Efficient Estimator. Review of Asset Pricing Studies 9, 1-46.


Travis L. Johnson and Eric C. So. 2018. A Simple Multimarket Measure of Information Asymmetry. Management Science 64(3), 1055-1080.


Travis L. Johnson and Eric C. So. 2018. Asymmetric Trading Costs Prior to Earnings Announcements: Implications for Price Discovery and Returns. Journal of Accounting Research 56(1), 217-263.


Travis L. Johnson and Eric C. So. 2018. Time Will Tell: Information in the Timing of Scheduled Earnings News. Journal of Financial and Quantitative Analysis 53(6), 2431-2464.


Travis L. Johnson. 2017. Risk Premia and the VIX Term Structure. Journal of Financial and Quantitative Analysis 52(6), 2461-2490.


Travis L. Johnson and Eric C. So. 2012. The Option to Stock Volume Ratio and Future Returns. Journal of Financial Economics 106(2), 262-286.