Beltz, Jess

Visiting Assist.Professor
School of Bus Admin
D3261 Bus, 1234
jcbeltz@umich.edu

Brophy, David

Director: Center for Venture Capital and Private Equity Finance UM Stephen M. Ross School of Business
Stephen M. Ross School of Business
6205 Bus Ad, 1234, djbrophy@umich.edu

Dave Brophy focuses his research on pricing initial public offerings of common stock and characteristics of the venture capital market. He also was the principal investigator on prospects for Small Business and Entrepreneurship in the 21st Century, a White House Conference on Small Business.

Dichev, Ilia

Associate Professor, Stephen M. Ross School of Business
2140 Assembly Hall, 1234, dichev@umich.edu

Dittmar, Robert

Assistant Professor, Stephen M. Ross School of Business
2007 Bus Ad, 1234, rdittman@umich.edu

Hadley, Lawrence

Adjunct Lecturer, Stephen M. Ross School of Business
Area: Commercial Real Estate
3270C Business Admin, 1234, lhadley@umich.edu

Indjejikian, Raffi

Professor, Stephen M. Ross School of Business
The Robert L. Dixon Collegiate Professor of Accounting
1248 Bus Admin, 1234, raffii@umich.edu

Raffi J. Indjejikian studies the relation between accounting-based performance measures and firm performance, the incentive effects of "risky" executive compensation, and reward systems in hierarchical organizations. There is a strong emphasis in his work on dynamic incentives and responsibility accounting.

Kaul, Gautam

Professor of Finance and Associate Dean
The John C. and Sally S. Morley Professor of Finance
ASSOC DEAN, Stephen M. Ross School of Business
Professor, Stephen M. Ross School of Business
Stephen M. Ross School of Business
2255 Davidson Hall, 1234, kaul@umich.edu

Gautam Kaul's research has focused on the behavior of stock and bond prices in the US and other developed countries. His specific interests include asset pricing models, market microstructure, and the time-series behavior of stock prices. Gautam has recently used computer-intensive methodologies to gauge the effectiveness of trading strategies commonly proposed on Wall Street and the academic literature.

Kim, E. Han

Professor, Finance and International Business
Director, Mitsui Life Financial Research Center
Stephen M. Ross School of Business
8202 Bus Admin, 1234, ehkim@umich.edu

Dr. Kim's current research activity is concentrated on corporate governance, Asian financial markets and economy, mergers and acquisitions, corporate financial policy, and emerging markets.

Lehavy, Reuven

Assistant Professor
Stephen M. Ross School of Business
701 Tappan Street, 1234, rlehavy@umich.edu

Professor Lehavy's research interests include the usefulness of financial analysts price targets, stock recommendations and earnings forecasts; firms use of accounting report discretion (earnings management); and the interaction between analysts "earnings forecasts targets and firms" reporting choices.

Lundholm, Russell

Professor
Stephen M. Ross School of Business
2036 Pac, 1234, lundholm@umich.edu

Russell Lundholm studies corporate disclosure policies and equity valuation. Recent published articles include the Predictive Value of Expenses Excluded from ro Forma Earnings and reconciling Value Estimates from the Discounted Cash Flow Model and the Residual Income Model. Professor Lundholm has also authored valuation software titled Val, and has a forthcoming book titled "Equity Valuation and Analysis."

Narayanan, M.P.

Professor, Department Chair, School of Business
Stephen M. Ross School of Business
6207 Bus Admin, 1234, mpn@umich.edu

Professor Narayanan's current research activity focuses on corporate scope (conglomeration, divestitures), managerial behavior, and management compensation. On corporate scope, he has written about the motives for divestitures, how conglomeration can result in inefficient capital allocation, and about the patterns of corporate diversification across various industries and over time. On managerial compensation, he has written about how various compensation schemes distort managerial decision horizons, causing, for example, managerial myopia.

Seyhun, H. Nejat

Director of Financial Engineering
The Jerome B. & Eilene M. York Professor of Business Administration
Professor of Finance
Stephen M. Ross School of Business
D3255 Bus Ad, 1234, nseyhun@umich.edu

Dr. Seyhun's current research activity focuses on risk-return trade-off in asset prices, intra-day impact of insider trading, long-run performance of IPOs, managerial overconfidence, Chinese walls and conflicts of interests in securities firms, option pricing, and conflict between information efficiency and rewards to information gathering.

Shumway, Tyler

Associate Professor, Stephen M. Ross School of Business
D5206 Bus Admin, 1234, shumway@umich.edu

Dr. Shumway's research interests include asset-pricing theory and empirical tests of asset-pricing models, behavioral finance, and credit risky market efficiency.

Sialm, Clemens

Associate Professor, Finance
Stephen M. Ross School of Business
701 Tappan Street-D4204, 1234, sialm@umich.edu

Clemens Sialm's research interests are in the areas of asset pricing, investments, and taxation. His research includes a theoretical study of the impact of frequent tax reforms on stock and bond prices. A related project investigates the optimal portfolio decisions for investors who hold assets in both taxable investment accounts and tax-deferred retirement accounts. Dr. Sialm just concluded a paper analyzing whether the industry concentration of actively managed mutual funds affects their risk-adjusted performance. Currently, he is studying the effects of tax reforms on stock and bond valuations.

Sloan, Richard

Assistant Professor, Finance
Stephen M. Ross School of Business
2016 Bus Ad, 1234, sloanr@umich.edu

Richard G. Sloan's research focuses on the role of accounting information in investment decisions. His research is widely published in journals such as the Accounting Review, the Journal of Accounting and Economics, the Journal of Accounting Research, the Journal of Finance, and the Journal of Financial Economics. His research is also regularly featured in the business press in publications such as Barron's, Business Week, The Financial Times, Fortune, Forbes, The New York Times, The Wall Street Journal, The Washington Post and Worth. Professor Sloan was the 2001 recipient of the American Accounting Association's Notable Contributions to the Accounting Literature Award for his research on earnings quality.

Wu, Guojun

Assistant Professor
Stephen M. Ross School of Business
D3239 Bus Admin, 1234, gjwu@umich.edu

Dr. Wu's current research activity is focused upon asset pricing and risk management, financial market volatility and crises, and international finance.

Dr. Wu's current research activity is focused upon empirical asset pricing, financial market volatility, risk management, trading behavior, empirical market microstructure analysis, manipulation and fraud in securities markets.

Yuan, Kathy

Assistant Professor
Stephen M. Ross School of Business
D3267 Bus Ad, 1234, kyuan@umich.edu

Dr. Yuan's research focuses on asset pricing, information economics, market microstructure, behavioral finance, and international finance.

Gerson, Jan

Senior Lecturer, LSA Economics
Economics
166 Lorch Hall, 1220, jgerson@umich.edu

Jan Gerson's current interests are applied microeconomics and microeconomic policy. Her service in public policy at the local level includes service on the Scio Township Board and Planning Commission, the county's Landfill Siting Committee, and the county's Parent Advisory Committee for Special Education. Jan is one of the department's undergraduate concentration advisors.

Simon, Carl

Professor, Department of Economics
Professor, Department of Mathematics
Professor, Gerald R. Ford School of Public Policy
Director, Center of Study of Complex Systems
4485 Randall Lab, 1120, cpsimon@umich.edu

Carl Simon has joint appointments with the School of Public Policy and the Department of Economics. Since 1999, he has been the director of the UM Center for the Study of Complex Systems. He received his Ph.D. in mathematics from Northwestern University. After two years as a Mathematics instructor at Berkeley, he moved to the University of Michigan in 1972. His joint appointment with economics began in 1978. He has spent two years at the University of North Carolina, a year and a half at the University of Minnesota's Institute for Mathematics and Its Applications, and shorter visits at Northwestern and Strasbourg. His research interests center around the theory and applications of dynamical systems. He has worked on generic and stable properties of smooth dynamical systems and on the properties of equilibria of area-preserving systems of classical mechanics. In economic models, he has studied the dynamics that occur as an economy moves to a balance of supply and demand and as an economy moves to long-run equilibrium with a continuum of products.

Currently, his research focuses on dynamic models of the spread of communicable diseases, especially HIV and influenza, with a special interest in the role of non-random mixing on the transmission process. He and his research group won the 1994 Teman prize for their work combining mathematical models and empirical data to show the importance of the primary infection period on the transmission of HIV.

Smith, Lones A.

Professor, Economics
Economics
335A Lorch Hall, 1220, lones@umich.edu

Professor Smith's research generally falls under the rubric of economic theory, with particular interests spanning game theory, decision theory, and general equilibrium. Early in his career, he explored repeated games, and currently is focusing on timing games, bargaining, and repeated games with private monitoring. Professor Smith holds a life-long interest in Bayesian learning, where his work has spanned informational herding, the demand for information, dynamic R&D, rational financial timing, and most recently, the political economy of electoral timing. Finally, Professor Smith's work includes search-matching models, where he tries to find surprising implications of either matching economies (why did the Beatles break-up) or search frictions (when will the best marry the best if it takes time to find mates). So far, three of his top published papers have arisen from joint work with students.

Teneketzis, Demosthenis

Professor, Electrical Engr & Comp Sci
Electrical Engr & Comp Science
4217 EECS, 2122, teneket@umich.edu

Research Interests: Stochastic control, decentralized stochastic systems, Decentralized stochastic systems, Communication and queueing networks, Stochastic scheduling and resource allocation problems, Semiconductor manufacturing

Wellman, Michael

Associate Professor, Elec. Engr & Comp Sci
Elec. Engr & Comp Science
125 ATL, 2110, wellman@umich.edu

Research Interests: Artificial Intelligence, Electronic Commerce, Distributed Computation

Babich, Volodymyr

Assistant Professor, Industrial and Operations Engineering
Industrial & Operations Engr
2783 IOE, 2117, babich@umich.edu

Volodymyr Babich joined the faculty in 2003. He is interested in problems that are at the interface of operations, industrial organization and finance, and which require stochastic models from supply-chain management, game theory, finance, and financial engineering. His current research focuses on the effects of credit risk in supply chains and on the combined operational and financial decisions of the pre-IPO firms. Volodymyr Babich teaches courses in financial engineering and supply chain management.

Keppo, Jussi

Assistant Professor, Industrial and Operations Engineering
Industrial & Operations Engr
2885 IOE, 2117, keppo@umich.edu

Professor Keppo teaches courses in optimization and financial engineering. His research interests include stochastic control and financial economics. Currently, he is working on modeling network effects and on applying results from game theory to determine optimal investment entry times and hedging strategies for large companies. Professor Keppo has consulted in the areas of investment analysis, network and production optimization, asset pricing, and risk management.

Pollock, Stephen

Professor Emeritus, Industrial and Operations Engineering
Industrial & Operations Engr
1831 IOE, 2117, pollock@umich.edu

Professor Pollock teaches courses in decision analysis, mathematical modeling, dynamic programming, and stochastic processes. His recent research activities include developing methods for sequential decision making under uncertainty and developing optimal plans for intensity modulated radiation treatment under uncertainty. . He has served as Area Editor of Operations Research, Senior Editor of IIE Transactions, President (1986) of the Operations Research Society of America, and on the Army Science Board. He is a member of the National Academy of Engineering.

Saigal, Romesh

Professor, Industrial and Operations Engineering
Indust & Operations Engr
2883 IOE, 2117, rsaigal@umich.edu

Professor Saigal is a Professor of Industrial and Operations Engineering at the University of Michigan . He has also taught at the School of Business Administration at the University of California, Berkeley and at the Department of Industrial Engineering and Management Sciences at Northwestern University . Professor Saigal has served as the Director of the Financial Engineering Program at the University of Michigan and his recent research involves applying the tools of FE to other areas as well as applying game theory to problems of industry and government. He is now actively involved in risk management in supply chains. His teaching involves Optimization and his earlier research is also in this area. He is also well known for research in Fixed point computing and compelmentarity theory.

Seiford, Lawrence M.

Chair, Industrial Operations and Engineering
Professor, Industrial Operations and Engineering
Indust & Operatons Engr
1877A IOE, 2117, seiford@umich.edu

Professor Seiford's teaching and research interests are primarily in the areas of performance measurement, productivity analysis, process improvement, and quality engineering. In addition, he is recognized as one of the world's experts in the methodology of Data Envelopment Analysis. His current research involves the identification of best-practice in financial services and health care delivery systems. He has written and co-authored three books and over one hundred articles. Professor Seiford is past Editor-in-Chief of OMEGA, the International Journal of Management Science, Area Editor of Interfaces, Associate Editor for Operations Research and the Journal of Productivity Analysis, and a member of the editorial boards of Health Care Management Science, and the Mathematica Journal.

Sharma, Dushyant

Assistant Professor, Industrial Operations and Engineering
Indust & Operations Engr
1205 Beal Ave., 2112, dushyant@umich.edu

Dushyant Sharma joined the faculty in 2002. His research interests are in modeling and algorithm development for discrete optimization. He is currently focusing on developing and analyzing local search based techniques for solving combinatorial optimization problems. He has applied these techniques to solve problems in airline and railroad planning, manufacturing, and telecommunication network design.

Smith, Robert L.

Altarum/ERIM Russell D. O'Neil Professor of Engineering
Industrial and Operations Engineering
Indust & Operations Engr
1847 IOE Bldg, 2117, rlsmith@umich.edu

Professor Smith teaches courses in stochastic processes, queueing systems, and dynamic programming. His current research interests include the optimization of complex systems using global optimization methods and the determination of planning and forecast horizons for decision making over time. Dr. Smith is Director of the Dynamic Systems Optimization Laboratory at the University of Michigan. The Laboratory research is directed toward the modeling and analysis of dynamical systems over time. He is also the UM Thrust Leader for Manufacturing Systems for the General Motors Collaborative Research Laboratory in Advanced Vehicle Manufacturing at the University of Michigan. He has been honored with the Distinguished Faculty Achievement Award from the University of Michigan, the College of Engineering Research Excellence Award, an Outstanding Teacher Award from the Michigan Student Assembly and is a Fellow of the Institute for Operations Research and the Management Sciences. Dr. Smith is past Associate Editor of Management Science and is the author of nearly eighty peer reviewed publications.

Mathematics Department (top)

Bayraktar, Erhan

T. H. Hildebrandt Research Assistant Professor
LSA Mathematics
Mathematics
4827 East Hall, 1109 erhan@umich.edu

Mathematical finance; optimal stopping problems, Poisson disorder problems; stochastic control, singular stochastic control; fractional Brownian motion; estimation and prediction of long range dependent processes; micro-economic models; stochastic volatility models; interest rate models, consistency problems; credit risk modeling; stochastic analysis, Hida-Malliavin Calculus.

Canary, Richard

Associate Chair, LSA Mathematics
Mathematics
5484 East Hall, 1109, canary@umich.edu

Geometry and Topology

Conlon, Joseph

Associate Chair, Professor, LSA Mathematics
Mathematics
5858 East Hall, 1109, conlon@umich.edu

My main interest is problems of mathematical analysis arising in mathematical physics, especially statistical mechanics. In the last five years I have worked on problems in elliptic partial differential equations with singular and random coefficients. Probabilistic ideas are an important component of the methods used in this research. I have also done some numerical work on these problems, using fast (so called multigrid) elliptic solvers.

Doering, Charles R.

Professor, LSA Mathematics
Mathematics
4842 East Hall, 1109, doering@umich.edu

Applied Mathematics

Huntington, Curtis

Director of Academic Program, LSA Mathematics
Professor, LSA Mathematics Department
Mathematics
2864 East Hall, 1109, chunt@umich.edu

Financial and Actuarial

Jonsson, Mattias

Assistant Professor, LSA Mathematics
Mathematics
4839 East Hall, 1109, mattiasj@umich.edu

Mattias Jonsson's research in Mathematical Finance mainly concerns hedging and utility maximization in incomplete markets.

Moore, Kristen

Assistant Professor, LSA Mathematics
Mathematics
2863 East Hall, 1109, ksmoore@umich.edu

I study qualitative and quantitative properties of solutions to differential equations that arise in actuarial and financial mathematics and in modeling mechanical systems. In recent work, I've studied indifferences pricing and optimal design of equity-linked annuities and optimal strategies to achieve financial security, particularly in retirement.

Wooley, Trevor

Chair, LSA Mathematics
LSA Mathematics
Mathematics
2846 East Hall, 1109, wooley@umich.edu

Number Theory

Young, Virginia

Professor, LSA Mathematics
Mathematics
2868 East Hall, 1109, vryoung@umich.edu

Financial and Actuarial

Department of Physics (top)

Savit, Robert

Professor, Physics
Physics
249 West Hall, 1120, savit@umich.edu

Theoretical Physics and Complex Systems

Research Focus: adaptivity and evolution in social and biological systems, nonlinear systems, nonlinear data analysis, dynamics of epilepsy

Department of Statistics (top)

Amirdjanova, Anna

Assistant Professor, LSA Statistics
Statistics
550 E. Univ. 455 W. Hall, 1092, anutka@umich.edu

Research Interests: Stochastic Differential and Partial Differential Equations with Applications to Physics, Fluid Dynamics and Continuous Time Finance, Stochastic Geometry, Gaussian Random Fields, Nonlinear Filtering Theory.

Keener, Robert

Professor, LSA Statistics
Statistics
458 West Hall, 1092, keener@umich.edu

Research Interests: Sequential Design and Analysis, Applied Probability.

Zhu, Ji

Assistant Professor, LSA Statistics
Statistics
445B West Hall, 1092, jizhu@umich.edu

Research Interests: Data mining, Pattern Recognition, Statistical Machine Learning, and their Applications in Natural Sciences and Engineering.