Finance refers to monetary resources and to the study and discipline of money, currency and capital assets. As a subject of study, it is related to but distinct from economics, which is the study of the production, distribution, and consumption of goods and services. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance.
A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation.
The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
Eugene Francis "Gene" Fama is an American economist, best known for his empirical work on portfolio theory, asset pricing, and the efficient-market hypothesis.
Market timing is the strategy of making buying or selling decisions of financial assets by attempting to predict future market price movements. The prediction may be based on an outlook of market or economic conditions resulting from technical or fundamental analysis. This is an investment strategy based on the outlook for an aggregate market rather than for a particular financial asset.
Andrew (Andy) John Hoffman is a scholar of environmental issues and sustainable business. He is the Holcim (US) Professor of Sustainable Enterprise at the University of Michigan, with joint appointments at the Ross School of Business and the School for Environment and Sustainability (SEAS). He has also served as Faculty Director and Associate Director of the Frederick A. and Barbara M. Erb Institute for Global Sustainable Enterprise, and as Education Director at the Graham Sustainability Institute. Prior to the University of Michigan, he completed a post-doctoral fellowship at the Kellogg School of Management at Northwestern University and served on the faculty of the Boston University School of Management.
Robert Ward Vishny is an American economist and is the Myron S. Scholes Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He is one of the most-cited financial economists in the world, with over 200,000 citations on Google Scholar as of 2024.
Michael Cole Jensen was an American economist who worked in the field of financial economics. From 1967-1988, he was on the University of Rochester's faculty. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. Until 2000, he held the position of Jesse Isidor Straus Professor of Business Administration at Harvard University.
Ted London is an American scholar and teacher on Base of the Pyramid (BoP) business strategies. He is the Ford Motor Company Clinical Professor of Business Administration at the Stephen M. Ross School of Business at the University of Michigan. London is an internationally recognized expert on the intersection of business strategy and poverty alleviation. In 2016 London authored The Base of the Pyramid Promise: Building Businesses with Impact and Scale, which translates over 25 years of research and experience into actionable strategies, frameworks, and tools for managers seeking inclusive growth. The book won the Responsible Research in Management Award in 2018 and the Humanistic Management Book Award in 2019.
Robert James Shiller is an American economist, academic, and author. As of 2022, he served as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was vice president of the American Economic Association in 2005, its president-elect for 2016, and president of the Eastern Economic Association for 2006–2007. He is also the co‑founder and chief economist of the investment management firm MacroMarkets LLC.
David Hirshleifer is an American economist who is currently the David G. Kirby Professor of Behavior Economics at the University of Southern California Marshall School of Business. From 2006-2021 he was a Distinguished Professor of Finance and Economics at the University of California, Irvine, where he also held the Merage Chair in Business Growth. From 2018 to 2019, he served as President of the American Finance Association, and is an associate at the NBER. Previously, he was a professor at UCLA, the University of Michigan, and Ohio State University. His research is mostly related to behavioral finance and informational cascades. In 2007, he was listed as one of the 100 most-cited economists in the world by Web of Science. On Google Scholar, he has more than 60,000 citations.
Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he is the inaugural holder of the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches Master's, MBA, and executive courses in private equity and venture capital and a PhD course in corporate finance.
Xavier Gabaix is a French economist, currently the Pershing Square Professor of Economics and Finance at Harvard University. He has been listed among the top 8 young economists in the world by The Economist. He holds a B.A. in Mathematics from the Ecole Normale Supérieure, as well as a Ph.D. in Economics from Harvard University.
The Stephen M. Ross School of Business at the University of Michigan is the business school of the University of Michigan, a public research university in Ann Arbor, Michigan. The business school was originally founded in 1924.
For the English former footballer, see Wayne Baker (footballer). For the American former NFL player, see Wayne Baker.
Richard L. Peterson is an American behavioral economist and psychiatrist. He has developed behavioral finance-based quantitative models, imaged the brains of subjects play-trading, and is a frequent writer about social media sentiment. Peterson developed text mining software to identify and quantify economically predictive sentiments, and speaks widely in the areas of behavioral finance and social media analytics.
The University of Michigan Social Venture Fund is the first student-run social venture fund in the United States. Established in 2009 by four Ross School of Business MBA students, the Social Venture Fund invests in innovative and mission-driven social enterprises. The SVF is overseen by Professor Gautam Kaul and housed in the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan.
Avanidhar Subrahmanyam is a professor and named chair at the University of California Los Angeles. He is an expert in stock market activity and behavioral finance, and has published a number of papers on financial markets.
Robin Greenwood is an American economist, and both the George Gund Professor of Finance and Banking and the Anne and James F. Rothenberg Faculty Fellow at Harvard Business School. He was formerly head of the school's finance unit, and chair of the Behavioral Finance and Financial Stability project. He also served on the Financial Advisory Roundtable of the Federal Reserve Bank of New York.
Henrik Cronqvist is the Robert J. and Carolyn A. Waltos Dean and Professor of Economics of the George L. Argyros School of Business and Economics at Chapman University in Orange, California, a position he has held since August 2022. He previously served as a professor of finance, Bank of America scholar, and vice dean for faculty and research at the University of Miami School of Business, where he conducted interdisciplinary research and taught finance and management courses at both undergraduate and graduate levels.
