Research Interests

• Corporate valuation
• Securities analysis
• Economic damages

Selected Publications

• “The Market Response to Value Line Rank Changes: An Earnings Certification Hypothesis Versus a Liquidity Hypothesis”
• “Ex-Ante and Ex-Post Real Rates: Historic Evidence”
• “Life Cycle Earnings of Physicians and Other Professionals”
• “The Federal Individual Income Tax: Evidence of Indexing”
• “Inflation-Indexed Bonds as a Proxy for the Real Rate of Interest”

Teaching & Professional Experience

• Washington University

Degrees

• Washington University, Ph.D., 1971
• Washington University, M.B.A., 1965
• Washington University, A.B., 1964

Specialties

• Corporate finance
• Investment portfolio analysis
• Valuation