Biography
Hans R. Stoll is The Anne Marie and Thomas B. Walker, Jr., Professor of Finance and Director of the FinancialMarketsResearchCenter at the Owen Graduate School of Management, VanderbiltUniversity, Nashville, Tennessee, 37203. He came to Vanderbilt in 1980 from the WhartonSchool of the University of Pennsylvania where he had been a faculty member since 1966.Professor Stoll is best known for developing and testing the put-call parity relation for option prices, for modeling and testing the behavior of securities markets dealers, for his work on program trading and the "triple witching hour," and for his work on the sources of the bid-ask spread. In 1996 he received the Earl Sutherland Prize, awarded for outstanding research across all fields at VanderbiltUniversity. Professor Stoll is president of the American Finance Association in 1999. He has also served as president of the Western Finance Association. He has been a director of the American Finance Association, the Financial Management Association, and the Institute for the Study of Security Markets. He is advisory editor of the Journal of Financial Markets. He is an Associate Editor of the Journal of Financial Economics, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Derivatives, Review of Derivatives Research, The Review of Futures Markets, Financial Management, The Journal of Financial Research, the European Finance Review, and The Journal of Financial Intermediation. Recent Events
Professor Stoll served on the program committee for the NYSE conference on Practices and Concerns of Institutional Buy-Side Equity Desks in Palm Beach, Florida, in December of 2001. In January 2002, he participated in the Brookings-Wharton Fifth Annual Conference on The Future of Securities Markets in Washington, DC, and he presented his paper, “ Measuring Market Quality: The Relation between Quoted and Effective Spreads,” at SMU. In March and June, Stoll lectured on market microstructure at the University of Krems, Austria, and in July he attended the Financial Economists Roundtable in Montreal. He continues to serve as a public governor of the Pacific Exchange.
Stoll serves on the editorial boards of nine academic finance journals. His recent publications include “Exchange Rates and Firms’ Liquidity: Evidence from ADRs” (with Roger Huang), in the Journal of International Money and Finance (2001), “Tick Size, Bid-Ask Spreads and Market Structure” (with Roger Huang), in the Journal of Financial and Quantitative Analysis (2001), and “Regulation of Financial Markets: A Focused Approach” in the Journal of Applied Corporate Finance (Winter 2002).
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Biography
Amar Gande's research and teaching covers a broad financial spectrum, including investment banking, commercial banking, international finance and corporate finance. Professor Gande, who has been at Owen since 1997, is also considered an outstanding teacher, having been honored twice with the James A. Webb Jr. Award for teaching excellence by the graduating MBA classes in 2001 and 2003.
His research has been published in top-tier finance journals, such as the Review of Financial Studies and the Journal of Financial Economics, and researchers at other universities cite his research frequently. He co-authored "Bank Entry, Competition, and the Market for Corporate Securities Underwriting," which won the 1999 Fama-DFA first prize for best paper published in the Journal of Financial Economics in the capital markets and asset-pricing category. In 2002, he co-authored a paper entitled "News Spillovers in the Sovereign Debt Market," which took the top prize in the FMA Competitive Best Paper Award in the Fixed Income category and was accepted for publication in the Journal of Financial Economics.
Prior to his obtaining his Ph.D. in Finance from New York University, Professor Gande worked in Citibank in India for four years in the Corporate Banking and International Trade Finance and on several short-term corporate assignments in Singapore and Hong Kong. | |
