Professor Doug Foster

Position Held

Professor of Finance, School of Finance and Applied Statistics, The Australian National University

Prizes and Honours

1988 The Institute for Quantitative Research in Finance Award (with S. Viswanathan).
1984 Phi Kappa Phi Honor Society.
1981 Sir James Lougheed Award of Distinction.

Employment

2007 Professor of Finance, School of Finance and Applied Statistics, The Australian National University
2003 Professor of Finance, Faculty of Commerce and Economics, The University of New South Wales.
2003 Adjunct Professor of Finance, Faculty of Economics and Commerce, The Australian National University.
1999 Professor of Finance, Australian Graduate School of Management, The University of New South Wales.
1996 Professor of Finance, Henry B. Tippie College of Business, The University of Iowa.
1994 Visiting Associate Professor of Finance and Economics, The Fuqua School of Business, Duke University.
1993 Associate Professor of Finance, College of Business, The University of Iowa.
1990 Associate Professor of Finance and Economics, The Fuqua School of Business, Duke University.
1986 Assistant Professor of Finance and Economics, The Fuqua School of Business, Duke University.

Graduate Students

PhD (11 committees).

Research Interests

Commodities Pricing, Experimental Finance, Financial Intermediation, Funds Management, Information Economics, Market Microstructure, Options, Portfolio Analysis, Quantitative Finance, Risk Management.

Selected Research Grants

2003-2005 ARC Discovery grant for $174,000 (DP343994) with Shirley Gregor (ANU), Richard Heaney (RMIT), Terry O'Neill (ANU) and Robert Wood (UNSW).

Professional Activities

Accounting and Finance (Editorial Board, 1999-present).
Australian Journal of Management (finance area co-editor, 2002-present)}.
Australian Research Council (reviewer).
Blackwell Publishers (reviewer).
Econometrica (reviewer).
European Economic Review (reviewer).
Financial Management (reviewer).
International Review of Economics and Finance (reviewer).
Journal of Applied Econometrics (reviewer).
Journal of Banking and Finance (reviewer).
Journal of Business an Economic Statistics (reviewer).
Journal of Economic Dynamics and Control (reviewer).
The Journal of Finance (reviewer).
The Journal of Financial and Quantitative Analysis (reviewer).
The Journal of Financial Intermediation (reviewer).
Management Science (reviewer).
McGraw-Hill Book Company (reviewer).
National Science Foundation (reviewer).
Prentice-Hall, Inc. (reviewer).
Quarterly Journal of Business and Economics (reviewer).
Quarterly Review of Economics and Finance (reviewer).
The Review of Financial Studies (reviewer).
The Review of Futures Markets (reviewer).
Social Sciences and Humanities Research Council of Canada (reviewer).
University Grants Committee, City University of Hong Kong (reviewer).

Industry Experience

Various educational and collaborative projects in the Finance area, 1986-2003.

Selected Recent Publications

  • An Application of Bayesian Option Pricing to the Soybean Market (with Charles Whiteman), The American Journal of Agricultural Economics, 1999, 81, 722-727.
  • Bayesian Cross Hedging: An Application to the Soybean Market (with Charles Whiteman), Australian Journal of Management, 2002, 27, 95-122.
  • Assessing Goodness-of-Fit of Asset Pricing Models: The Distribution of the Maximal R2 (with Tom Smith and Robert E. Whaley), The Journal of Finance, 1997, 52, 591-607.
  • Can Speculative Trading Explain the Volume - Volatility Relation? (with S. Viswanathan), Journal of Business and Economic Statistics, 1995, 13, 379-396.
  • Strategic Trading When Agents Forecast the Forecasts of Others (with S. Viswanathan), The Journal of Finance, 1996, 4, 1437-1478.