Lubos Pastor

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Lubos Pastor
LubosPastor.jpg
Nationality Slovakian
Alma mater Wharton School, Univ. of PA
Occupation

Charles P. McQuaid Professor of Finance
Co-director, Fama-Miller Center for Research in Finance

Member, CRSP Indexes Advisory Council
Years active Since 1999
Organization Univ. of Chicago Booth School of Business
Website Home page at Chicago Booth

Lubos Pastor is Charles P. McQuaid Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Centre for Economic Policy and Research. In addition, he serves as an Associate Editor of the Journal of Finance and Journal of Financial Economics, as a Director of the Western Finance Association, and is a former Associate Editor of the Review of Financial Studies.

Professor Pastor’s research focuses mostly on financial markets and asset management. His latest work analyzes the effects of political uncertainty on asset prices. He has also written on a broad range of topics such as liquidity risk, stock price bubbles, portfolio choice, performance evaluation, stock volatility, return predictability, technological revolutions, and IPOs.

Papers

Pastor has co-authored the following prize winning papers.[1][2][3]

Year Award Study
2013 Marshall Blume Prize (honorable mention) Scale and Skill in Active Management[4]
2012 Smith-Breeden Prize Uncertainty about Government Policy and Stock Prices[5]
2006 Fama/DFA Prize (second prize) Was There a Nasdaq Bubble in the Late 1990s?[6]
2003 Smith-Breeden Prize Stock Valuation and Learning about Profitability[7]
2002 Fama/DFA Prize (second prize) Mutual Fund Performance and Seemingly Unrelated Assets[8]
1999 Marshall Blume Prize Asset Pricing Models: Implications for Expected Returns and Portfolio Selection[9]


Additional papers awarded prizes:

  • Whitebox Advisors Selected Research Prize for the best financial research of the year, 2012,[10] for “Are Stocks Really Less Volatile in the Long Run?”.[11]
  • NASDAQ Award for the best paper on capital formation at the WFA conference, 2008,[12] for “Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability”.[13]
  • Goldman Sachs Asset Management Award for the best paper in empirical investments at the WFA conference, 2007,[14] for “Predictive Systems: Living with Imperfect Predictors”.[15]
  • Barclays Global Investors Prize for the best paper at the European Finance Association Conference, 2006,[16] for “Technological Revolutions and Stock Prices”.[17]
  • Geewax, Terker, & Co.(now Marshall Blume) Prize in Investment Research, 2002 (Honorable Mention), for “Mutual Fund Performance and Seemingly Unrelated Assets”. The paper also won a Fama/DFA award, included in the table above.

See also

References

  1. "Marshall Blume Prizes". Rodney L. White Center (Wharton). http://rodneywhitecenter.wharton.upenn.edu/past-marshall-blume-prizes/. Retrieved December 19, 2015.
  2. "Amundi Smith Breeden Prizes". American Finance Association. http://www.afajof.org/details/page/2870731/Prizes.html. Retrieved December 17, 2015.
  3. "Jensen and Fama-DFA Prizes". Journal of Financial Economics. http://jfe.rochester.edu/winners.htm. Retrieved December 17, 2015.
  4. Pastor, Lubos; Stambaugh, Robert F.; Taylor, Lucian A. (2013). Scale and Skill in Active ManagementReturns. Journal of Financial Economics. North-Holland. pp. 23-45. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:vRqMK49ujn8C.
  5. Pastor, Lubos; Veronesi, Pietro (2012). Uncertainty about Government Policy and Stock Prices. Journal of Finance. Blackwell Publishing Inc.. pp. 1219-1264. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:qjMakFHDy7sC.
  6. Pastor, Lubos; Veronesi, Pietro (2006). Was There a Nasdaq Bubble in the Late 1990s?. Journal of Financial Economics. North-Holland. pp. 61-100. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:TQgYirikUcIC.
  7. Pastor, Lubos; Veronesi, Pietro (2003). Stock Valuation and Learning about Profitability. Journal of Financial Economics. Blackwell Publishing. pp. 1749-1790. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:mB3voiENLucC.
  8. Pastor, Lubos; Stambaugh, Robert F. (2002). Mutual Fund Performance and Seemingly Unrelated Assets. Journal of Financial Economics. pp. 315-349. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:SeFeTyx0c_EC.
  9. MacKinlay, A. Craig; Pastor, Lubos (1999). Asset Pricing Models: Implications for Expected Returns and Portfolio Selection. Review of Financial studies. Oxford University Press. pp. 883-916. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&cstart=20&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:d1gkVwhDpl0C.
  10. "Whitebox Advisors Awards $25k Prize for Best Financial Research of the Year". PR Newswire. http://www.prnewswire.com/news-releases/whitebox-advisors-awards-25k-prize-for-best-financial-research-of-the-year-159605995.html. Retrieved December 18, 2012.
  11. Pastor, Lubos; Stambaugh, Robert F (2012). "Are Stocks Really Less Volatile in the Long Run?”". Journal of Finance. pp. 431-478. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:2osOgNQ5qMEC..
  12. "Two Chicago GSB faculty members win NASDAQ Award". UChicago News. http://news.uchicago.edu/article/2008/07/08/two-chicago-gsb-faculty-members-win-nasdaq-award. Retrieved December 18, 2015.
  13. Pastor, Lubos; Taylor, Lucian A.; Veronesi, Pietro (2008). Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability. Review of Financial Studies. Oxford University Press. pp. 3005-3046. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:bEWYMUwI8FkC.
  14. "Professor Lubos Pastor Receives 2007 Goldman Sachs Asset Management Award". University of Chicago. http://www.chicagobooth.edu/about/newsroom/press-releases/2007/2007-07-05. Retrieved December 18, 2015.
  15. Pastor, Lubos; Stambaugh, Robert F. (2009). Predictive Systems: Living with Imperfect Predictors. The Journal of Finance. Blackwell Publishing Inc.. pp. 1583-1628. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:iH-uZ7U-co4C.
  16. "European Finance Association Honors Two Chicago GSB Faculty". University of Chicago. http://www.chicagobooth.edu/about/newsroom/press-releases/2006/2006-09-01. Retrieved December 18,2015.
  17. Pastor, Lubos; Veronesi, Pietro (2009). Technological Revolutions and Stock Prices. American Economic Review. pp. 1451-1483. http://scholar.google.com/citations?view_op=view_citation&hl=en&user=Ttsxv0IAAAAJ&sortby=pubdate&citation_for_view=Ttsxv0IAAAAJ:u-x6o8ySG0sC.

External links