Stephen A. Ross

Stephen A. Ross ist ein weltweit anerkannter Akademiker und ein in den Bereichen Finanz- und Wirtschaftswissenschaften weit bekannter Autor.

Stipendien und Preise

Deutsche Bank Prize in Financial Economics, Center for Financial Studies, 2015

Morgan Stanley Prize – Januar 2014

1st Prize, Roger F. Murray Prize Competition - 2013

Onassis Prize in Finance – September 2012

Honorary Doctorate, University of Piraeus, Athen, 2009

Jean-Jacques Laffont Prize, 2007

Co-winner Smith Breeden Prize – Best Paper, JF 2006

CME-MSRI Prize, 2006

Ehrendoktorwürde der Universität Lugano – 2006

Ehrendoktorwürde De Paul Universität – Juni 2002

AIMR (Association for Investment Management Research) Nicholas Molodovsky Award – 2001

IAQF Financial Engineer of the Year, 1996

Ehrendoktorwürde der Universität Karlsruhe – Juli 1995

Ehrendoktorwürde der Erasmus Universität Rotterdam – November 1993

Elected Fellow of the Econometric Society, 1979

Pomerance Prize for Excellence in the Area of Options Research by the Chicago Board Options Exchange, 1978

Guggenheim Fellowship, 1975 – 1976

Ausgewählte Bücher

Corporate Finance, with Randolph W. Westerfield and Jeffrey F. Jaffe, 8th ed., Irwin McGraw-Hill, 2006.

Fundamentals of Corporate Finance, with Randolph W. Westerfield and Bradford D. Jordan, 7th ed., Irwin McGraw-Hill, 2006.

Essentials of Corporate Finance, with Randolph W. Westerfield and Bradford D. Jordan, 6th ed., Irwin McGraw-Hill, 2006.

Neoclassical Finance, Princeton University Press, Princeton, NJ, 2005.

The Debt Market, Elgar Publishing, 2000.

Ausgewählte Veröffentlichungen

"The Economic Theory of Agency:  The Principal's Problem," American Economic Review 63, No. 2, May 1973, 134-139, reprinted in Readings in Applied Microeconomic Theory: Market Forces and Solutions, ed. Richard Kuenne, Blackwell Publishers, reprinted in The Principal Agent Model: The Economic Theory of Incentives, ed. Jean-Jacques Laffont, Edward Elgar Publishing, reprinted in Personal Economics, ed. Edward Lazear, Edward Elgar Publishing.

"Return, Risk and Arbitrage," Wharton Discussion Paper, 1973, published in I. Friend and J. Bicksler, eds., Risk and Return in Finance. (Cambridge:  Ballinger), 1976, 189-217.

"On the Economic Theory of Agency and the Principal of Similarity," in Essays on Economic Behavior Under Uncertainty, Chapter 8, (Amsterdam:  North-Holland Publishing Co.), 1974, 215-240.

"Options and Efficiency," Quarterly Journal of Economics, 90, February 1976, 75-89, reprinted in Options Markets, ed G.M.Constantinides and A.G. Malliaris, Edward Elgar Publishing, 1999.

"A Survey of Some New Results in Financial Option Pricing Theory," with John C.Cox, Journal of Finance 31, No. 1, May 1976, 383-402; reprinted in Options Markets, ed. Constantinedes, Edward Elgar Publishing 2000.

"The Valuation of Options for Alternative Stochastic Processes," with John C. Cox, Journal of Financial Economics, 3, 1976, 145-166, reprinted in Options: Classic Approaches to Pricing and Modelling, ed. Lane Hughston, RISK Books, London, 1999; Options Markets, ed. Constantinedes, Edward Elgar Publishing 2000.

"The Arbitrage Theory of Capital Asset Pricing," Journal of Economic Theory 13, No. 3, Dezember 1976, 341-360.

"A Theory of the Term Structure of Interest Rates and the Valuation of Interest-Dependent Claims," with John C. Cox and Jonathan E. Ingersoll, Jr., Journal of Financial and Quantitative Analysis, November 1977.

"Mutual Fund Separation in Financial Theory -- The Separating Distributions," Journal of Economic Theory 17, No. 2, April 1978, 254-286.  Reprinted in Frontiers of Modern Financial Theory, S. Bhattacharya and G.M. Constantinides, eds., (Tottowa, NJ: Littlefield Adams), 1987, and in Theory of Valuation, Rowman & Littlefield Publishers, Inc., 1989, 309-341.

"A Simple Approach to the Valuation of Risky Streams," Journal of Business 51, No. 3, July 1978, 453-475.

"Option Pricing:  A Simplified Approach," with John C. Cox and Mark Rubinstein, Journal of Financial Economics 7, 1979, 229-263, reprinted in The Handbook of Financial Engineering, Harper Business Publishers, 1990.

"Some Stronger Measures of Risk Aversion in the Small and the Large with Applications," Econometrica 49, No. 3, Mai 1981, 621-638.

"A Reexamination of Traditional Hypotheses About the Term Structure of Interest Rates," with John C. Cox and Jonathan E. Ingersoll, Jr., Journal of Finance 36, No. 4, September 1981, 769-799. Reprinted in "Speculation and Financial Markets" edited by Dr Liam A. Gallagher and Mark P. Taylor, THE INTERNATIONAL LIBRARY OF CRITICAL WRITINGS IN ECONOMICS  –  Series Editor: Mark Blaug, Edward Elgar Publishing Ltd.

"An Intertemporal General Equilibrium Model of Asset Prices," with John C. Cox and Jonathan E. Ingersoll, Jr., Econometrica 53, No. 2, March 1985, 363-384, reprinted in Continuous Time Finance, ed. S. Schaefer.

"A Theory of the Term Structure of Interest Rates," with John C. Cox and Jonathan E. Ingersoll, Jr., Econometrica 53, No. 2, March 1985, 385-407, reprinted in Theory of Valuation, Rowman & Littlefield Publishers, Inc., 1989, 129-151, and Continuous Time Finance, ed. S. Schaefer, and The International Library of Critical Writings in Economics, ed., L. Gallagher and M. Taylor, Edward Elgar Publishers, 2001.

"Arbitrage," with Philip H. Dybvig in J. Eatwell M. Milgate and P. Newman, eds., New Palgrave, A Dictionary of Economics, (London:  The MacMillan Press, Ltd.). 1, 1987,  100-106.

"Survival " with Stephen J. Brown, William N. Goetzmann, The Journal of Finance, Vol. 1, No. 3. Juli 1995.

“Long Forward and Zero-Coupon Rates Can Never Fall," by Phillip H. Dyvbig, Jonathan Ingersoll and Stephen A. Ross.  The Journal of Business,  Januar 1996.

“Compensation, Incentives, and the Duality of Risk Aversion and Riskiness,” Journal of Finance, Vol. 59, 1, 2004. Nominated for the Journal of Finance 2004 Brattle Prize

“The Recovery Theorem,” forthcoming, Journal of Finance, 2015

Ausgewählte Positionen in seinem Beruflichen Werdegang

MIT (Massachusetts Institute of Technology), Sloan School of Management, Franco Modigliani Professor

Finanz- und Wirtschaftswissenschaften, seit 1998

MIT (Massachusetts Institute of Technology), Sloan School of Management, Fisher Black Gastdozent der Finance Sloan School, 1997 - 1998

Yale Universität, Sterling Professor Finanz- und Wirtschaftswissenschaften, 1985 - 1998

Berater, Japan Financial Economics Association, 1994

California Institute of Technology (CalTech), Treuhänder und Vorsitzender des Finanzausschusses, seit 1993

Pennsylvania Universität, Weiss Center for International Financial Research, The Wharton School, Aufsichtsratsmitglied, 1990

Boettner Research Institute, Aufsichtsratsmitglied, 1990

American Finance Association, Präsident, 1988

Beratungsausschuss Sozialwissenschaften, California Institute of Technology, 1986

Direktor, Präsident, American Finance Association, 1983 - 1986

Yale Universität, Adrian C. Israel Professor für internationalen Handel und Finanzen, 1984 - 1985

Yale Universität, Edwin J. Beinecke Professor für Finanz- und Wirtschaftswissenschaften 1979 - 1983

Yale Universität, Professor für Organisation, Management und Wirtschaft, 1977 – 1979

Pennsylvania Universität, Wharton School, Professor für Finanz- und Wirtschaftswissenschaften, 1975 - 1977

Ausbildung

PhD, Harvard University, 1970 (Wirtschaft)

BS, CalTech, 1965 (Physik - Honors)

 

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