Brennan, M.J., and Schwartz, E.S., "Convertible Bonds: Valuation and Optimal Strategies for Call and Conversion," The Journal of Finance, 32, 5, 1699-1715 (December 1977).ħ. and Schwartz, E.S., "The Valuation of American Put Options," The Journal of Finance, 32, 2, 449-462 (May 1977).Ħ. and Schwartz, E.S., "Equilibrium Prices of Guarantees Under Equity-Linked Contracts," The Journal of Risk and Insurance, XLIV, 4, 639-660 (1977).ĥ. and Schwartz, E.S., "Savings Bonds, Retractable Bonds and Callable Bonds," Journal of Financial Economics, 5, 67-88 (1977).Ĥ. Schwartz, E.S., "The Valuation of Warrants: Implementing a New Approach," Journal of Financial Economics, 4, 79-93 (1977) reprinted in Options: Classical Approaches to Pricing and Modeling, edited by Lane Hughston, RISK Books, 1999.ģ. Brennan, M.J., and Schwartz, E.S., "The Pricing of Equity-Linked Life Insurance Policies with an Asset Value Guarantee" Journal of Financial Economics, 3, 195-213 (1976).Ģ. He has been a consultant to governmental agencies, banks, investment banks and industrial corporations.ġ. He also received the 2000 Graham and Dodd Award for his paper “Rational Pricing of Internet Companies,” published in the Financial Analysts Journal. Schwartz was awarded a Doctor Honoris Causa by the University of Alicante in Spain and by the Copenhagen Business School. He is also a research associate of the National Bureau of Economic Research. He is a fellow of the American Finance Association and the Financial Management Association International. He is a former president of the Western Finance Association and the American Finance Association. He has served as associate editor for more than a dozen journals, including Journal of Finance, Journal of Financial Economics and Journal of Financial and Quantitative Analysis. Schwartz is the winner of a number of awards for both teaching excellence and the quality of his published work. In 2015, Schwartz was named International Association for Quantitative Finance (IAQF)/SunGard Financial Engineer of the Year in recognition of his individual contributions to the advancement of quantitative finance. “My work since has been rooted in mathematical modeling and an interest in stochastic modeling and uncertainty.” “I began my academic career with a degree in engineering,” says Schwartz, who earned his bachelor’s degree in his native Chile. He is co-editor, with Lenos Trigeorgis of the University of Cyprus, on the book Real Options and Investment Under Uncertainty (MIT, 2001), a compilation of recent papers and classic research in the field. He is among the first researchers to develop the real options method of pricing investments under uncertainty. “I started on derivatives, then did work with interest rate models, credit risk models and, more recently, commodity models and real options, the application of option concepts to value projects and companies.” Schwartz’ newest paper veers into environmental economics, a look at optimal carbon abatement. His collected works include more 100 than articles in finance and economic journals, two monographs and a large number of monograph chapters, conference proceedings and special reports. An expert in various dimensions of asset and securities pricing, Schwartz has at various times focused on pricing internet companies, interest rate models, asset allocation issues, evaluating natural resource investments, the stochastic behavior of commodity prices and valuing patent-protected R&D projects. During Professor Eduardo Schwartz’ nearly 30 years at UCLA Anderson, he has authored well over 100 papers, publications whose quality is matched only by the wide variety of subjects he has studied.
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