Richard Roll

Finance

Finance addresses the ways in which individuals, business entities and other organizations allocate resources over time. An applied branch of economics dealing with the problems of allocating financial resources, with particular attention given to the art of decision making under conditions of uncertainty, finance is closely allied with the liability side of an organization's balance sheet.

At UCLA Anderson, a specialization in Finance includes an examination of the funding markets and processes for financing enterprises, as well as the effects of prices and interest rates on assets and liabilities.

The UCLA Anderson faculty includes three former presidents of the American Finance Association: Eduardo Schwartz (California Professor of Real Estate), Michael Brennan (Emeritus, Irwin and Goldyne Hearsh Chair in Banking and Finance), Richard Roll (Japan Alumni Chair in Finance).

To locate faculty with expertise in specific topics see the Faculty Expertise Guide.

UCLA Finance Ph.D. Program Ranked #1 in the World
A recently published article, using sophisticated statistical methods, ranked the UCLA Finance Ph.D. Program #1 in the world. The article looks at the joint contribution of the university granting the Ph.D. degree and the institution one is placed at as an assistant professor. The 2009 article from The Financial Review, published by Kam Chan, Carl Chen, and Hung Fung, is entitled, "Pedigree or Placement? An Analysis of Research Productivity in Finance." The research study ranks the UCLA Finance Ph.D. Program as #1 at enhancing the publication record of its students in the top three finance journals. The study also notes the top five universities for an assistant professorship in finance (which includes UCLA). Approximately ten percent of UCLA finance Ph.D. graduates have ended up at these top five universities and an even greater percentage received offers from them.