David Brown

Professor - Finance

BIO
RESEARCH
TEACHING
SERVICE

David Brown is Professor in the Department of Finance, Investment and Banking at the Wisconsin School of Business.

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 (61), 971-975.

Brown, D., & Back, K. (1992). GMM, Maximum Likelihood and Nonparametric Efficiency. Economic Letters (39), 23-28. doi: 10.1016/0165-1765(92)90095-G.

Brown, D., Jennings, R., & . (1990). On Technical Analysis. Review of Financial Studies (2), 527-551. doi: 10.1093/rfs/2.4.527.

Brown, D. (1990). Age Clienteles Induced by Liquidity Constraints. International Economic Review (31), 891-912.

Brown, D. (1988). The Implications of Nonmarketable Income for Consumption-based Models of Asset Pricing. Journal of Finance, 867-880. doi: 10.1111/j.1540-6261.1988.tb02609.x.

Brown, D. (1987). Multiperiod Financial Planning. Management Science (33), 848-875. doi: 10.1287/mnsc.33.7.848.

Brown, D., & Gibbons, M. (1985). A Simple Econometric Approach for Utility-based Asset Pricing Models. Journal of Finance (40), 359–381. doi: 10.1111/j.1540-6261.1985.tb04962.x.

Brown, D., & Huang, C. (1983). Option Pricing in Lognormal Securities Markets with Discrete Trading: A comment. Journal of Financial Economics (12), 285–286. doi: 10.1016/0304-405X(83)90040-5.

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

Undergraduate Courses

Investment Theory and Practice (FIN/ECO 320 Section 1), Fall 2012. Download Syllabus

Investment Theory and Practice (FIN/ECO 320 Section 2), Fall 2012. Download Syllabus

Investment Theory and Practice (FIN/ECO 320 Section 3), Fall 2012. Download Syllabus