Knowledge & Expertise

Faculty and Instructors

Wisconsin School of Business

David Brown

Professor - Finance
Harold & Margaret Laun Professor of Finance

David Brown is the Laun Professor of Business with the Department of Finance, Investment and Banking at the Wisconsin School of Business. He is also the director of the school’s Quantitative Master’s of Finance Program.

Brown’s research focuses on financial market structures, securities regulation, investments and risk management.

He earned his Ph.D. from Stanford University.
 

Selected Published Journal Articles

Brown, D., & Zhang, Z. (1997). Market Orders and Market Efficiency. Journal of Finance
Brown, D., Bhushan, R., & Mello, A. (1997). Do Noise Traders Create Their Own 'Space'?. Journal of Financial and Quantitative Analysis
Brown, D. (1996). Why Do We Need Stockbrokers?. Financial Analysts Journal 52, 21-30.
Brown, D., & Back, K. (1993). Implied Probabilities in GMM Estimators. Econometrica 61
Brown, D., & Back, K. (1992). GMM, Maximum Likelihood and Nonparametric Efficiency. Economic Letters, 23-28.
Brown, D., Jennings, R., & . (1990). On Technical Analysis. Review of Financial Studies, 527-551.
Brown, D. (1990). Age Clienteles Induced by Liquidity Constraints. International Economic Review, 891-912.
Brown, D. (1988). The Implications of Nonmarketable Income for Consumption-based Models of Asset Pricing. Journal of Finance, 867-880.
Brown, D. (1987). Multiperiod Financial Planning. Management Science
Brown, D., & Gibbons, M. (1985). A Simple Econometric Approach for Utility-based Asset Pricing Models. Journal of Finance
Brown, D., & Huang, C. (1983). Option Pricing in Lognormal Securities Markets with Discrete Trading: A comment. Journal of Financial Economics

Presentations

Utah Winter Finance Conference 2012
Mutual Fund Families and Performance Evaluation

American Finance Association Meetings 2012
Mutual Fund Families and Performance Evaluation

China International Conference in Finance 2011
Mutual Fund Families and Performance Evaluation

Western Finance Association Meetings 2011
Mutual Fund Families and Performance Evaluation

Workshop, University of Technology Sydney
Mutual Fund Families and Performance Evaluation

Financial Intermediation Research Society Meetings 2011
Mutual Fund Families and Performance Evaluation

Workshop, University of Illinois, Chicago
Mutual Fund Families and Performance Evaluation

Workshop, University of Wisconsin-Madison Department of Finance
Mutual Fund Families and Performance Evaluation

Workshop - UW Madison Department of Statistics
Mutual fund families and performance evaluation

Workshop, University of Illinois, Urbana-Champaign
Mutual Fund Families and Performance Evaluation


The systematic and non-systematic variation in the systematic risk of stock market returns


The systematic and non-systematic variation in the systematic risk of stock market returns


The systematic and non-systematic variation in the systematic risk of stock market returns


Idiosyncratic Volatility of Small Public Firms and Entrepreneurial Risk


Idiosyncratic Volatility of Small Public Firms and Entrepreneurial Risk


Stock Market Eras


stock Market Eras

Stock Market Eras


The Returns on Gold and Gold-Mine Shares

Photograph of David Brown

David Brown

 
Professor | Finance
Harold & Margaret Laun Professor of Finance
(608) 265-5281
4291 Grainger Hall