Ivo Welch

Last updated
Ivo Welch
Born (1963-10-04) October 4, 1963 (age 55)
ResidenceUS
NationalityAmerican
German
Alma mater University of Chicago, PhD 1991
University of Chicago, MBA 1988
Columbia University, BA 1985
Known for Financial economics
Informational Cascades
Scientific career
Fields Economist
Institutions UCLA 2011-
Brown University 2004-2011
Yale University 2000-2005
UCLA 1989-2000
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. [1]

Americans Citizens, or natives, of the United States of America

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.

Economist professional in the social science discipline of economics

An economist is a practitioner in the social science discipline of economics.

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. [2] His research has focused on financial economics and informational cascades. [3] Publications include articles in academic journals [4] and the popular press,[ which? ] in addition to a Corporate Finance textbook. [5] He was previously on the faculties of the Yale School of Management (Professor of Economics and Finance) [6] and Brown University's economics department (Professor of Financial Economics). [7] He is an National Bureau of Economic Research (NBER) Research Associate. [8]

Columbia University Private Ivy League research university in New York City

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.

University of Chicago Private research university in Chicago, Illinois, United States

The University of Chicago is a private research university in Chicago, Illinois. Founded in 1890, 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.

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.

Professor Welch is a two-time recipient of the Michael Brennan Award. As of 2014, he ranks 50th by downloads on SSRN. [9] In 2006, he ranked 54th on the Web of Science list of "Most-Cited Scientists in Economics & Business"; [10] in 2007 (the last year of the rankings), he ranked 57th. [11] He is a Humboldt Foundation 2015 fellow.

Web of Science Online subscription index of citations

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.

Related Research Articles

Robert C. Merton American economist

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.

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.

The UCLA Anderson School of Management is the graduate business school at the University of California, Los Angeles, one of eleven professional schools. The school offers MBA, PGPX, Financial Engineering and Ph.D. degrees. The school is consistently ranked among the top tier business school programs in the country, based on rankings published by US News & World Report, Businessweek and other leading publications.

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 A. List American economist

John August List is an American economist at the University of Chicago, where he serves as Kenneth C. Griffin Distinguished Service Professor; from 2012 until 2018, he served as Chairman of the Department of Economics. List is noted for his pioneering contributions to 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.

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.

Esther Duflo French economist

Esther Duflo, FBA is a French American economist, Co-Founder and Director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), and Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology. Duflo is an NBER Research Associate, serves on the board of the Bureau for Research and Economic Analysis of Development (BREAD), and is Director of the Center for Economic and Policy Research's development economics program.

Vikramaditya Khanna is a professor of law at the University of Michigan Law School, and the founding and current editor of the India Law Abstracts and the White Collar Crime Abstracts on the Social Science Research Network.

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.

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.

Campbell Russell "Cam" Harvey is a Canadian economist, known for his work on asset allocation with changing risk and risk premiums and the problem of separating luck from skill in investment management. He is currently the J. Paul Sticht Professor of International Business at Duke University's Fuqua School of Business in Durham, NC, as well as a research associate with the National Bureau of Economic Research in Cambridge, MA. He is also a research associate with the Institute of International Integration Studies at Trinity College in Dublin and a visiting researcher at University of Oxford. He served as the 2016 president of the American Finance Association.

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.

Craig W. Holden is a Professor of Finance and Boquist-Meyer Faculty Fellow at the Kelley School of Business at Indiana University. His research focuses on market microstructure. He is secretary-treasurer of the Society for Financial Studies. He is an associate editor of the Journal of Financial Markets. His M.B.A. and Ph.D. are from the Anderson School of Management at UCLA. He received a Fama-DFA Prize for the second best paper in capital markets published in 2009 in the Journal of Financial Economics. His research has been cited more than 3,400 times. He has written two books on financial modeling in Excel: Excel Modeling in Investments and Excel Modeling in Corporate Finance. He has chaired 22 dissertations, been a member or chair of 62 dissertations, and serves on the program committees of the Western Finance Association and European Finance Association.

René M. Stulz Swiss academic

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.

Christopher S. Tang economist

Christopher Tang is a University Distinguished Professor at UCLA. He also holds the Edward W. Carter Chair in Business Administration at the UCLA Anderson School of Management at University of California, Los Angeles.

Gordon Phillips is an American financial economist, currently at Tuck School of Business, Dartmouth College. He obtained his bachelor's degree at Northwestern University in 1986 and his Ph.D. and M.A. from Harvard University in 1991.

Ilya A. Strebulaev is a Russian-American financial economist. He is the David S. Lobel Professor of Private Equity and Professor of Finance at the Stanford University Graduate School of Business, where he has been on the faculty since 2004. He is also a research associate at the National Bureau of Economic Research.

Adriana Lleras-Muney is an American economist. She is currently an Economics professor at the Department of Economics at UCLA. She was appointed as Associate Editor for the Journal of Health Economics in 2014 until today and is also one of the six elected members of the AEA Executive committee in 2018. Her research and study fields examins factors of socio-economic status and health with a particular focus on education, income, and economic development. In 2017, she was the recipient for the Presidential Early Career Awards for Scientists and Engineers (PECASE) by President Obama.

References

  1. "Ivo Welch, Distinguished Professor of Finance, J. Fred Weston Chair in Finance". UCLA Anderson School of Management. Faculty Page.}}
  2. "About the Author (Ivo Welch)". Corporate Finance: An Introduction. 2008. ISBN   978-0321277992.
  3. Bikhchandani, Suchil & Hirshleifer, David & Welch, Ivo (1992). "A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades". Journal of Political Economy. 100 (5): 992–1026. CiteSeerX   10.1.1.295.578 . doi:10.1086/261849. JSTOR   2138632.CS1 maint: Uses authors parameter (link)
  4. "Ivo Welch at IDEAS". IDEAS. Retrieved August 2013.Check date values in: |accessdate= (help)
  5. Welch, Ivo. Corporate Finance (Latest ed.).
  6. "Ivo Welch, Professor of Economics and Finance". Yale.edu.
  7. "Ivo Welch, Professor of Economics and Finance". Brown University. Retrieved December 8, 2004. Archived Faculty Page.
  8. "Ivo Welch". NBER.org. National Bureau of Economic Research.
  9. "Ivo Welch". SSRN. Elsevier. Author Page.
  10. "Most-Cited Scientists in Economics & Business". Web of Science. 2006.
  11. "Most-Cited Scientists in Economics & Business". Web of Science. 2007.