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Ian Potter Centre of Financial Studies
Melbourne Business School 200 Leicester St. Carlton
VIC 3053 Australia
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Professor Bruce D. Grundy

Position Held

Ian Potter Professor, Ian Potter Centre of Financial Studies, Melbourne Business School, University of Melbourne.

Prizes and Honours

1978 University of Queensland Medal
1998 Geewax-Terker Prize
1994 Batterymarch Fellow

Professional Memberships

Fellow: ASCPA; Member: AICD, AFA, AEA, WFA, EFA, PRIMIA, AMS

Graduate Students

15 PhD completed, 2 PhD in progress.

Employment

2000-Ian Potter Professor, Melbourne Business School
July 1998-1999 Professor of Finance, Dept of Accounting & Finance, University of Melbourne
1991-June 1998 Andrew Heyer Ass. Prof. of Finance, Wharton School, University of Pennsylvania
1986-1990 Assistant Professor, Stanford Business School, Stanford University
1983-1985 Lecturer, Graduate School of Business, University of Chicago
1979 Tutor, Monash University
1977-78 Tutor, University of Queensland
Visiting Professorships: University of Chicago January-June 2003, Johann Wolfgang Goethe Universität Summer 1998

Research Interests

Momentum trading strategies, derivatives pricing, corporate governance, real options, mutual fund industry

Research Grants

1991-1993, 1995-1997 Rodney White Centre Research Grant (US$20,000 each year)
1994 Batterymarch Research Grant (US$70,000)
1987-89 NSF Grant (US$100,000)

Selected Professional Activities

Editor: International Review of Finance 2002-.
Associate Editor: Journal of Finance 2000-2003; Journal of Financial Research 1999-; Accounting & Finance 1999-2002, Journal of Financial & Quantitative Analysis 1992-1996, Review of Financial Studies 1988-1994.

Reviewer: NSF, ARC, Social Sciences & Humanities Research Council of Canada, Research Grants Council of Hong Kong.
Ad-hoc referee for Finance, Economics and Accounting journals.
Conference Program Committees: AFA, AEA, EFA, JAR, WFA.

Industry and Government Consulting

Turkish Capital Markets Board, Liechtenstein Global Trust, Transgrid, ABN AMRO, Alcoa, CSR, WMC, Telstra, NERA, Woodside, Alcoa, Jardine Fleming Capital Partners, Metzler Bank, National Foods, Powercorp

Selected Publications

  • “The Analysis of VaR, deltas, and state prices: A new approach,” forthcoming in European Finance Review. Co-author: Zvi Wiener.
  • “Stock market volatility in a heterogeneous information economy,” 2002, Journal of Financial and Quantitative Analysis 37(1), 1-27. Co-author: Youngsoo Kim.
  • “Momentum: Fact or factor? Momentum investing when returns have a factor structure,” 2001, Review of Financial Studies 14(1), 29-78. Co-author: Spencer Martin.
  • “Merton H. Miller: His contribution to financial economics,” 2001, Journal of Finance 56(4), 1183-1206.
  • “Generalised properties of option prices,” 1996, Journal of Finance 51(5), 1573-1610. Co-authors: Yaacov Bergman and Zvi-Wiener.
  • “Option prices and the underlying asset’s return distribution,” 1991, Journal of Finance 46(3), 1045-1070.
  • “Changing risk, changing risk premiums, and dividend yield effects,” 1990, Journal of Business 63(1,Part 2), S51-S70. Co-authors: Nai-fu Chen and Robert F. Stambaugh.
  • “Optimal investment with stock repurchase and financing as signals,” 1989, Review of Financial Studies 2(4), 445-465. Co-author: George Constantinides.
  • “Trade and the revelation of information through prices and direct disclosure,” 1989, Review of Financial Studies 2(4), 495-526. Co-author: Maureen McNichols.
  • Edited Volumes: Selected Works of Merton Miller: A Celebration of Markets. Vol I Finance and Vol II Economics, 2002 (University of Chicago Press, Chicago, Ill).