MrDavid Licher

David is a PhD candidate in the Department of Finance at Imperial Business School. His primary research interests are in Corporate Finance. He is a recipient of the 2026 European Central Bank (ECB) Lamfalussy Fellowship.

He holds an MRes in Finance from Imperial College London, an MPhil in Economics from the University of Oxford, and dual undergraduate degrees, a BSc in Economics and a BSc in Business Administration, from the University of Mannheim. Prior to his graduate studies, David worked in Equity Capital Markets at UBS.

Working papers:

1. The Nature of Firm Financing and Growth, with Martin Aragoneses (INSEAD), Chris Hansman (Emory), and Ramana Nanda (Imperial) (SSRN)
2. Infrastructure Capacity, Risk, and Firm Value: Evidence from U.S. Electricity Tightness, with Marcin Kacperczyk (Imperial) (SSRN)
3. Nature Dependence, Economic Value, and Extinction Risk: Evidence from Biotech Innovations, with Adrian Lam (Pitt) and Moritz Wiedemann (RSM) (SSRN)