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Robert F. Whitelaw

Robert  F. Whitelaw

Joined Stern 1992

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-69
New York, NY 10012

E-mail rwhitela@stern.nyu.edu
Personal website

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Robert F. Whitelaw is the Edward C. Johnson 3D Professor of Entrepreneurial Finance and the Chair of the Finance Department at New York University Leonard N. Stern School of Business. He has been with NYU Stern for more than 15 years.

Professor Whitelaw teaches investments and capital markets in the MBA and undergraduate programs. He won the Professor of the Year Award in the undergraduate college for 2007-08.

Professor Whitelaw has published numerous articles in top academic journals including the Review of Financial Studies, the Journal of Finance and the Journal of Financial Economics, as well as practitioner journals such as the Financial Analysts Journal, the Journal of Derivatives, the Journal of Fixed Income and Risk. His research has received awards from organizations including Goldman Sachs Asset Management and the Chicago Quantitative Alliance. Recent published work includes a critique of long-horizon stock return predictability results and a study of the association between short sales restrictions in the stock market and put-call parity violations in the equity options market.

Professor Whitelaw is a Research Associate in the Asset Pricing Program of the NBER and a former Associate Editor of the Review of Financial Studies and the Journal of Finance.

Research Interests

  • Market efficiency
  • Stock return predictability
  • Risk and return in the stock and bond markets
  • Hedging and risk management

Courses Taught

  • Investments/Capital Markets

Academic Background

Ph.D., Finance, 1993
Stanford University

B.S., Mathematics, 1984
Massachusetts Institute of Technology

Selected Publications

Boudoukh, J, M. Richardson & R.F. Whitelaw (2008)
The Myth of Long-Horizon Predictability
Review of Financial Studies, Vol. 24, No. 4, 1577-1605

Boudoukh, J, M. Richardson, Y. Shen & R.F. Whitelaw (2007)
Do Asset Prices Reflect Fundamentals? Freshly Squeezed Evidence from the FCOJ Market
Journal of Financial Economics, Vol. 83, No. 2, pp. 397-412

Guo, H. & R.F. Whitelaw (2006)
Uncovering the Risk-Return Relation in the Stock Market
Journal of Finance, Vol. 61, No. 3, pp. 1433-1463

Ofek, E., M. Richardson & R.F. Whitelaw (2004)
Limited Arbitrage and Short Sales Restrictions: Evidence from the Options Markets
Journal of Financial Economics, Vol. 74, No. 2, pp. 305-342