Leavey School of Business Teaching Scholars
Finance
Sanjiv Das
Associate Professor
A complete listing of Dr. Das' publications is available online.
Dr. Das previously held faculty appointments at Harvard Business School and UC Berkeley. He holds post-graduate degrees in Finance (Ph.D. from New York University) and Computer Science (M.S. from UC Berkeley), did undergraduate work in Accounting and Economics, and is also a qualified Cost and Works Accountant. In addition, he worked as Vice President for Citibank North America. He is a senior editor of The Journal of Investment Management and co-editor of The Journal of Derivatives.
Prior to being an academic, he worked in the derivatives business in the Asia-Pacific region. His current research interests include: the modeling of default risk, algorithms for harvesting financial information from the web, derivative pricing models, and portfolio theory. In addition, he is currently working on a two-volume text on derivatives analysis.
Dr. Das explains that one is never finished with education. "You can check out any time you like, but you can never leave," he says.
Robert J. Hendershott
Associate Professor
A complete listing of Dr. Hendershott's publications is available online.
A complete listing of Dr. Jo's publications is available online.
Dr. Jo started his professional career in 1977, specializing in Korean plant and steel exports. After several years in the industry, he decided to pursue a career in academia.
Holding a BA in Chinese Literature from Seoul National University, he went on to receive his MBA in Finance from State University of New York at Buffalo and his PhD in Finance from the University of Florida.
Dr. Jo’s main research interests lie in the areas of corporate, international, venture capital and entrepreneurial finance. His work titled, "The Impact of Security Analysts' Monitoring and Marketing Roles on the Market Value of Firm" was published in the Journal of Financial and Quantitative Analysis and earned him the Best Paper Award at the 1996 Global Finance Conference. Some of Jo"s other works have won him awards from the European Finance Association and the PACAP Finance Conference. In 1992, the Korean Chamber of Commerce in Silicon Valley voted him "Professional Man of the Year."
Professor Jo has been teaching at Santa Clara since 1990 and is heavily involved with the Santa Clara community, having worked with the Center of Applied Ethics, the Faculty Senate, the University Governance Committee and the Korean Student Association, among other groups.
Atulya Sarin
Associate Professor
A complete listing of Dr. Sarin's publications is available online.
Dr. Sarin is Breetwor Fellow and Associate Professor of Finance in the Santa Clara University. He has taught a variety of graduate and undergraduate courses including Corporate Finance, Mergers and Acquisition, International Finance, Managing to IPO etc. He has published over 20 articles that have appeared in leading finance, economics and management Journals such as the Journal of Finance, Journal of Financial Economics, and Academy of Management Journal.
He has managed a variety of consulting and litigation support assignments involving small, closely held firms to large, international conglomerates in many different industries. These assignments have involved various aspects of financial markets and securities including such matters as stock and bond prices, corporate valuation, mergers and acquisitions and derivatives. He served on the Editorial Board of the Journal of Financial Research and is a frequent presenter in conferences in the US and Europe.
Hersh Shefrin
Mario Belotti Professor of Finance
A complete listing of Dr. Shefrin's publications is available online.
Dr. Shefrin is a pioneer of behavioral finance. He has published widely in the area and writes for both academics and practitioners. Professor Shefrin regularly teaches a graduate course in behavioral finance and often speaks on the subject to portfolio managers, security analysts, and financial planners both in the U.S. and abroad. He is frequently interviewed by the media on financial matters.
In 1999, his book, Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing, was published by Harvard Business School Press. This is the first comprehensive treatment of behavioral finance written specifically for practitioners. In 2002, Oxford University Press, who assumed publication of the book, released an edition with a revised preface to reflect recent events and developments.
In 2001, Professor Shefrin edited a three-volume collection, entitled Behavioral Finance, published by Edward Elgar. In addition to seminal papers in this rapidly developing field, these volumes contain some of the pioneering works in psychology, upon which behavioral finance is based.
Professor Shefrin's scholarly articles have appeared in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, Financial Management, the Financial Analysts Journal, and the Journal of Portfolio Management.
Professor Shefrin completed his PhD at the London School of Economics in the economics of uncertainty; he earned a Master of Mathematics from the University of Waterloo and a BS (Honors) in economics and mathematics from the University of Manitoba.
Meir Statman
Glenn Klimek Professor of Finance and Chair
A complete listing of Dr. Statman's publications is available online.
The full-text (pdf) of selected articles and writings on behavioral finance are also available online.
Dr. Statman's research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets.
The questions he addresses include: What is the nature of risk? How do investors form portfolios? What determines expected returns? What is the effect of sentiment? Why are investors reluctant to realize losses? Why do investors have different rules for spending from capital and income? What kinds of securities do investors like? What forces shape financial regulation?
Dr. Statman's research has been published in The Journal of Finance, The Journal of Financial Economics, Financial Analysts Journal, and The Journal of Financial and Quantitative Analysis, among others. Dr. Statman's research has been supported by grants from the National Science Foundation, the Research Foundation of the Institute of Chartered Financial Analysts, and the Dean Witter Foundation.
Dr. Statman is a member of the Advisory Board of the Journal of Portfolio Management and the Journal of Invesment Counsulting and a recipient of a Batterymarch Fellowship and a Graham and Dodd Award.
Dr. Statman received his Ph.D. from Columbia University and his B.A. and M.B.A. from the Hebrew University of Jerusalem.