Heber Farnsworth

Visiting Assistant Professor of Finance

Areas of Expertise:

Finance/Investments - Financial Economics; Finance/Investments - Investment/Security Pricing/Portfolio Theory; Finance/Investments - Option Pricing

Research interests:

Empirical asset pricing, term structure of interest rates, mutual fund performance evaluation

Selected Publications:

• "Portfolio Performance and Agency," Review of Financial Studies, Issue Forthcoming, with J. Carpenter, P. Dybvig, 2009
• "The Dynamics of Credit Spreads and Ratings Migrations," Journal of Financial and Quantitative Analysis, Issue No. 3, Vol. 42, with T. Li, 2007
• "Evidence on the Compensation of Portfolio Managers," The Journal of Financial Review, Issue No. 3, Vol. 29, with J. Taylor, 2006
• "The Term Structure with Semi-Credible Targeting," Journal of Finance, Issue No. 2, Vol. 58, with R. Bass, 2003
• "Performance Evaluation with Stochastic Discount Factors," Journal of Business, Issue No. 3, Vol. 75, with W. Ferson, D. Jackson, and S. Todd, 2002

Academic/professional activities:

Member: American Finance Association
Referee: Review of Financial Studies; Journal of Financial and Quantitative Analysis; Journal of Econometrics

Awards/honors:

Albert O. Foster Endowed Fellowship, University of Washington, 1996-1997

Personal interests:

Professor Farnsworth enjoys spending time with his three daughters.