Andrew Koch is an associate professor of finance in the Katz Graduate School of Business at the University of Pittsburgh. His research covers several topics relating to corporate finance, financial institutions, and investments. His current research focuses on understanding the causes and effects of herd-like behavior among professional money managers. The data suggests that mutual fund managers herd in their investment decisions in order to protect their own self-interests, i.e., to avoid getting fired. His research also shows that herd behavior can help explain changes in stock liquidity. Andrew received his PhD from The University of Texas at Austin. He also holds an MBA from University of Arizona, and BS in Industrial Engineering from Georgia Tech.