Faculty and Executive Leadership Directory

Richard H. Stanton Professor Kingsford Capital Management Chair in Business Distinguished Teaching Fellow Haas Finance Group 510-642-7382 Email: click on the envelope icon below for full email address Academic Status: On duty Office Hours: By appointment, F630 Personal Homepage: http://faculty.haas.berkeley.edu/stanton Curriculum Vitae (in PDF format, Acrobat Reader required) LinkedIn Profile

Education

PhD, Finance, Stanford University
MA, Mathematics, Cambridge University
BA, Mathematics, Cambridge University

Positions Held

At Haas since 1991
2008 – present, Professor, Haas School of Business
1998 – 2008, Associate Professor, Haas School of Business
1991 – 1998, Assistant Professor, Haas School of Business

External Service and Assignments

• Member, editorial board: Journal of Finance, Journal of Real Estate Finance and Economics
• Member, program committee: Utah Winter Finance Conference

Current Research and Interests

• Mortgage and lease markets
• Term structure modeling
• Mutual funds and risk management
• Employee stock options (ESOs)

Selected Papers and Publications

• “Liquidity-Based Model of Closed-End Funds, with Martin Cherkes and Jacob Sagi.Review of Financial Studies.
• “Evidence on Simulation Inference for Near Unit-Root Processes with Implications for Term Structure Estimation,” with Greg Duffee. Journal of Financial Econometrics.
• “An Empirical Test of a Contingent Claims Lease Valuation Model,” with Nancy Wallace.Journal of Real Estate Research.
• “Managerial Ability, Compensation, and the Closed-End Fund Discount,” with Jonathan Berk. Journal of Finance 62 (2007): 529-556.
• “An Empirical Test of a Two-Factor Mortgage Valuation Model: How Much Do House Prices Matter?” with Chris Downing and Nancy Wallace. Real Estate Economics 33 (2005): 681-710.
• “Long-Horizon Value at Risk in a Mark-to-Market Environment,” Jacob Boudoukh, Matthew Richardson, and Robert Whitelaw. Journal of Investment Management 2 (2004): 1-6.
• “From Cradle to Grave: How to Loot a 401(k) Plan.” Journal of Financial Economics 56 (2000): 485-516.
• “A Nonparametric Model of Term Structure Dynamics and the Market Price of Interest Rate Risk.” Journal of Finance 52 (1997): 1973-2002.
• “Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach,” with J. Boudoukh, M. Richardson, and R. Whitelaw. Review of Financial Studies 10 (1997): 405-446.
• “Rational Prepayment and the Valuation of Mortgage-Backed Securities.” Review of Financial Studies 8 (1995): 677-708.
• “Accounting for Employee Stock Options,” with Mark Rubinstein. (2004).
• “Human Capital, Bankruptcy and Capital Structure,” with Jonathan Berk and Josef Zechner. (2006).
• “Optimal Exercise of Executive Stock Options and Implications for Firm Cost,” with J. Carpenter and N. Wallace. (2007).
• “Valuing Mutual Fund Companies,” with Jacob Boudoukh, Matthew Richardson, and Robert Whitelaw. (2003).
• “Estimation of Dynamic Term Structure Models,” with Greg Duffee. (2003).

Teaching

• Introduction to Finance, UGBA 203
• Introduction to Finance, MBA 203

Honors and Awards

• Barbara and Gerson Bakar Faculty Fellow
• Earl F. Cheit Award for Excellence in Teaching, Undergraduate Program, 2007
• Best Paper award, 2006 Utah Winter Finance conference, for “A Liquidity-Based Model of Closed-End Funds”
• Schwabacher Fellowship, 1996
• Q Group Research Award, 1994
• UC Berkeley Junior Faculty Research Grant, 1993-1994
• Earl F. Cheit Award for Excellence in Teaching (Undergraduate Program), 1993
• AACSB Doctoral Fellowship, 1989
• Science and Engineering Research Council (SERC) Overseas Studentship, 1986-1989

Faculty Directory: Alphabetical Listing
Faculty Directory: Listing by Department

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