Clifford A. Ball
Professor of Finance and Statistics
Faculty Director, PhD Program
Since 1990, Clifford Ball has taught Owen students statistical analysis and the intricacies of equities, bonds, options, and futures contracts. His classes also cover empirical testing of financial models; stochastic processes and statistical applications to finance; the European monetary system; capital requirements; risk management and value-at-risk. As a researcher, Professor Ball has focused on equity portfolio management, empirical finance, fixed income, and volatility of futures prices. He recently co-authored the paper, "True Spreads and Equilibrium Prices," which was published in the Journal of Finance.
Professor Ball also serves as referee for numerous research journals and is an associate editor of the Journal of Empirical Finance. Professor Ball received his B.Sc. and M.Sc. in mathematics from the University of Nottingham in England, and his Ph.D. in mathematics from the University of New Mexico. Before coming to Owen, he taught at the University of Michigan and London Business School in the 1980s and worked in New York at Shearson Lehman, specializing in options and fixed income research. Professor Ball also served as a consultant in equity portfolio performance measurement for Van Hedge Funds, and was a research associate at the Center for the Study of Futures Markets at Columbia University. A British citizen, Professor Ball is a permanent resident of the United States.
B.Sc., Mathematics, University of Nottingham, 1974
M.Sc., Mathematics, University of Nottingham, 1975
Ph.D., Mathematics, University of New Mexico, 1980
Equity portfolio management, empirical finance, fixed income, volatility of futures prices.
Area(s) of Expertise:
Equities, bonds, options and future contracts.