|Alma mater|| University of Chicago, PhD 1991|
University of Chicago, MBA 1988
Columbia University, BA 1985
|Known for|| Financial economics |
|Institutions|| UCLA 2011-|
Brown University 2004-2011
Yale University 2000-2005
|Doctoral advisor||Milton Harris (thesis advisor)|
Ivo Welch, is an American economist and finance academic. He is the J. Fred Weston Professor of Finance at UCLA Anderson.
Americans are nationals and citizens of the United States of America. Although nationals and citizens make up the majority of Americans, some dual citizens, expatriates, and permanent residents may also claim American nationality. The United States is home to people of many different ethnic origins. As a result, American culture and law does not equate nationality with race or ethnicity, but with citizenship and permanent allegiance.
An economist is a practitioner in the social science discipline of economics.
His research has focused on financial economics and informational cascades. [ which? ] in addition to a Corporate Finance textbook. He was previously on the faculty of the Yale School of Management, and Brown University's economics department (Professor of Financial Economics). He is an NBER Research Associate.Publications include articles in academic journals and the popular press,
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital.
The Yale School of Management is the graduate business school of Yale University in New Haven, Connecticut. The School awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University. As of August 2015, 668 students were enrolled in its MBA program, 114 in the EMBA program, 63 in the MAM program, and 51 in the PhD program; 122 students were pursuing joint degrees. In the 2017–18 school year, the school launched a one-year Master of Management Studies degree in Systemic Risk. The School has 86 full-time faculty members, and the dean is Edward A. Snyder.
Brown University is a private Ivy League research university in Providence, Rhode Island. Founded in 1764 as the College in the English Colony of Rhode Island and Providence Plantations, it is the seventh-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution.
Professor Welch is twice a recipient of the Michael Brennan Award. As of 2014 [update] , he ranks 50th by downloads on SSRN. In 2006, he ranked 54th on the Web of Science list of "Most-Cited Scientists in Economics & Business"; in 2007 (the last year of the rankings), he ranked 57th. He is a Humboldt Foundation 2015 fellow.
Web of Science is an online subscription-based scientific citation indexing service originally produced by the Institute for Scientific Information (ISI), later maintained by Clarivate Analytics, that provides a comprehensive citation search. It gives access to multiple databases that reference cross-disciplinary research, which allows for in-depth exploration of specialized sub-fields within an academic or scientific discipline.
He completed his BA in computer science in 1985 at Columbia University and both his MBA and PhD in finance at the University of Chicago.
Columbia University is a private Ivy League research university in Upper Manhattan, New York City. Established in 1754, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence, seven of which belong to the Ivy League. It has been ranked by numerous major education publications as among the top ten universities in the world.
The University of Chicago is a private research university in Chicago, Illinois. Founded in 1890 by John D. Rockefeller, the school is located on a 217-acre campus in Chicago's Hyde Park neighborhood, near Lake Michigan. The University of Chicago holds top-ten positions in various national and international rankings.
Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes formula. In 1993 Merton co-founded hedge fund Long-Term Capital Management. In 1997 he received the Nobel Prize for his contributions in Economics.
Sendhil Mullainathan is an American Professor of Computation and Behavioral Science at the University of Chicago Booth School of Business and the author of Scarcity: Why Having Too Little Means So Much. He was hired with tenure by Harvard in 2004 after having spent six years at MIT. He is a recipient of a MacArthur Foundation "genius grant" and conducts research on development economics, behavioral economics, and corporate finance. He is co-founder of Ideas 42, a non-profit organization that uses behavioral science to help solve social problems, and J-PAL, the MIT Poverty Action Lab. He has made extensive academic contributions through the National Bureau of Economic Research and has also worked in government at the Consumer Financial Protection Bureau (CFPB). In May 2018, he moved from Harvard to the University of Chicago Booth School of Business, becoming the George C. Tiao Faculty Fellow. In November 2018, he received the Infosys Prize, one of the highest monetary awards in India that recognize excellence in science and research, for his contributions to the field of economics, especially behavioral economics.
Andrei Shleifer is a Russian American economist and Professor of Economics at Harvard University, where he has taught since 1991. Shleifer was awarded the biennial John Bates Clark Medal in 1999 for his seminal works in three fields: corporate finance, the economics of financial markets, and the economics of transition.
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.
Michael Cole "Mike" Jensen, an American economist, works in the area of financial economics. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. He holds the position of Jesse Isidor Straus Professor of Business Administration, Emeritus, at Harvard University.
John August List is an American economist at the University of Chicago, where he serves as Kenneth C. Griffin Distinguished Service Professor in Economics and the Chairman of the Department of Economics. List is noted for his innovative use of field experiments in economics. As detailed in his popular science book, The Why Axis, List uses field experiments to offer new insights in various areas of economics research, such as education, private provision of public goods, social preferences, prospect theory, environmental economics, marketplace effects on corporate and government policy decisions, and multi-unit auctions.
Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation. He is best known and famous as author of several widely used academic and practitioner texts on Valuation, Corporate Finance and Investment Management. Damodaran is widely quoted on the subject of valuation, with "a great reputation as a teacher and authority". He has written several books on equity valuation, as well on corporate finance and investments. He is also widely published in leading journals of finance, including The Journal of Financial and Quantitative Analysis, The Journal of Finance, The Journal of Financial Economics and the Review of Financial Studies. He is also known as being a resource on valuation and analysis to investment banks on Wall Street.
Jakša Cvitanić is a Richard N. Merkin Professor of Mathematical Finance at the California Institute of Technology and the director of the Ronald and Maxine Linde Institute of Economic and Management Sciences. His main research interests are in mathematical finance, contract theory, stochastic control theory, and stochastic differential equations.
The Journal of Behavioral Finance is a quarterly peer-reviewed academic journal that covers research related to the field of behavioral finance. It was established in 2000 as The Journal of Psychology and Financial Markets. The founding Board of Editors were Brian Bruce, David Dreman, Paul Slovic, Nobel Laureate Vernon Smith and Arnold Wood. The editor-in-chief was Gunduz Caginalp (2000-2005), Brian Bruce is the current editor.
Sheridan Dean Titman is a professor of finance at the University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business. He received a B.S. degree from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University.
David Hirshleifer is an American economist. He is a professor of finance and currently holds the Merage chair in Business Growth at the University of California at Irvine. As of 2018 he became President-Elect of the American Finance Association. In 2017, he was elected as Vice President of the American Finance Association (AFA) and assigned as Research Associate to National Bureau of Economic Research. He was previously a professor at the University of Michigan, The Ohio State University, and UCLA. His research is mostly related to behavioral finance and informational cascades. In 2007, he was on the Top 100 list of most cited economist by web of science's Most-Cited Scientists in Economics & Business.
Andrew Wen-Chuan Lo is the Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management. Lo is the author of many academic articles in finance and financial economics. As of 2018, he is the chairman emeritus and senior advisor of the AlphaSimplex Group.
Jennifer N. Carpenter is an American finance academic best known for her pioneering research into executive stock options. Other interests include fund manager compensation, survivorship bias, corporate bonds, and option pricing. She has been published in numerous journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Business.
Eduardo Saul Schwartz is a professor of finance at the Anderson School of Management, University of California, Los Angeles, where he holds the California Chair in Real Estate & Land Economics. He is known for pioneering research in several areas of finance, particularly derivatives. His major contributions include: the real options method of pricing investments under uncertainty; the Longstaff–Schwartz model - a multi-factor short-rate model; the Longstaff-Schwartz method for valuing American options by Monte Carlo Simulation; the use of Finite difference methods for option pricing.
Salih Nur Neftçi was a leading expert in the fields of financial markets and financial engineering. He served many advisory roles in national and international financial institutions, and was an active researcher in the fields of finance and financial engineering. Neftçi was an avid and highly regarded educator in mathematical finance who was well known for a lucid and accessible approach towards the field.
Francis A. Longstaff is an American educator and pioneer in quantitative finance. He serves as the Allstate Professor of Insurance and Finance at the Anderson School of Management, University of California, Los Angeles, and the former Finance Area Chair.
Michael J. Brennan is emeritus professor of finance at the UCLA Anderson School of Management. Brennan co-designed the Brennan-Schwartz interest rate model and was a pioneer of real options theory. His writings on real options and asset pricing, corporate finance, derivative securities, market microstructure, the role of information in capital markets, and risk management have been published extensively.
Thomas Ho is a finance consultant, practitioner and academic. He is best known as developer of the Ho-Lee short rate model, the first arbitrage-free model of that type, and of key rate durations, a widely used interest rate risk measure. Named as one of the most prolific authors in finance, he has published in major journals, and co-authored four books.
Söhnke Matthias Bartram is a Professor in the Department of Finance at Warwick Business School (WBS). Prior to joining the University of Warwick, he held faculty positions at Lancaster University and Maastricht University and worked for several years in quantitative investment management at State Street Global Advisors as Head of the London Advanced Research Center. He is a Charter Member of Risk Who’s Who and a member of an international think tank for policy advice to the German government.
René M. Stulz is a professor of finance at the Fisher College of Business at the Ohio State University. He earned his Ph.D. in economics at the Massachusetts Institute of Technology and has taught at a variety of universities including the University of Rochester, the University of Chicago, Harvard University, Northwestern University, and the University of Southern California. He has published over 100 articles in finance and economic journals on topics ranging from corporate finance, corporate governance, asset pricing, financial institutions, and risk management, which have been cited over 47,000 times. He served as editor of the Journal of Financial Economics from 1982 to 1987 and the Journal of Finance from 1988 to 2000.
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