Department of Finance
Department of Finance Hosted The 2013 SFS Finance Cavalcade!
The University of Miami School of Business was the site of the 2013 SFS Finance Cavalcade conference. This annual conference is sponsored by the Society for Financial Studies, which publishes the Review of Financial Studies, the Review of Corporate Finance Studies, and the Review of Asset Pricing Studies. The four-day conference was held at the school May 13-16, 2013, and included seventy-five papers that covered a wide variety of topics.
The Fourth Miami Behavioral Finance Conference, also hosted by the School of Business, will be held Dec. 13 - 15, 2013.
About the Department
The finance discipline is focused on two primary issues. The first is determining value. The second is making the best decisions with respect to value. We study these issues in a variety of contexts and industries. The three primary areas of finance are financial management, investments, and financial markets and intermediaries.
Financial management focuses on how an organization can accomplish its mission. For example, a corporation seeks to create and maintain wealth, and a non-profit organization seeks to improve the world in some way. All organizations want to achieve their mission to the greatest extent possible, and that requires making the best decisions with respect to value. The area of investments studies the purchase and sale of financial securities, such as stocks, bonds, options, and futures. Financial intermediaries sell claims on themselves to investors, such as stock, life insurance, or a bank deposit, and invest that money in such things as loans, real estate, or their financial securities. Although the finance function is especially prominent in mjaor corporations, and the investments, banking, real estate, and insurance industries, every organization and industry includes a finance function.
Department of Finance
Third Miami Behavioral Finance Conference
December 15, 2012
From left to right: Campbell Harvey, Sandro Andrade, Thor Bruce, Tim Burch, Alok Kumar, Da Ke, Will Prahl, Doug Emery, Ryan Bubley, Brian Barrett, Michael Fuerst, Ricardo Rodriguez, Tie Su, Gennaro Bernile, Vidhi Chhaochharia, George Korniotis, Jawad Addoum, and Michelle Mederos (Not pictured: Andrea Heuson and Thomas Sanders)