Lubos Pastor
Lubos Pastor (born March 1974) is a Slovakian-American financial economist, currently the Charles P. McQuaid Professor of Finance at Booth School of Business, University of Chicago.[1][2][3] He earned his Ph.D. in finance from the Wharton School at the University of Pennsylvania. He has served as President of the Western Finance Association and Director of the American Finance Association.[4]
Academic work
Pastor's research focuses on financial markets and asset management. His most cited paper, “Liquidity risk and expected stock returns,” has been cited over 3,000 times according to Google Scholar.[5] The paper introduces the concept of a liquidity risk factor and constructs the Pastor-Stambaugh liquidity factors.[6][7] His other work addresses topics such as political uncertainty, stock price bubbles, technological revolutions, the size of the active management industry, and portfolio choice.[8][9]
Pastor's research has been awarded numerous best paper prizes including two Smith Breeden Prizes (2003, 2012) and three Fama-DFA Prizes (2002, 2006, 2015). In 2016, Pastor was awarded an honorary doctorate by the University of Economics in Bratislava.[10]
Pastor has served as an associate editor of the Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies.
Non-academic work
In 2015, Pastor was appointed by the Government of the Slovak Republic to the Bank Board of the National Bank of Slovakia.[11]
From 2008 to 2012, he co-designed the investable CRSP Indexes[12][13][14] in cooperation with the Center for Research in Security Prices. In 2012, the CRSP Indexes were adopted by The Vanguard Group.
References
- ^ "Faculty Directory: Lubos Pastor".
- ^ "Community Fellows". upenn.edu. Archived from the original on October 2, 2016. Retrieved February 12, 2017.
- ^ "Pástor, Lubos̆". worldcat.org. Retrieved February 12, 2017.
- ^ "Lubos Pastor Curriculum Vitae" (PDF).
- ^ "Google Scholar Citations: Lubos Pastor".
- ^ "Fama-French Portfolios & Factors". 2011-08-25.
- ^ "Liquidity Factor of Pastor and Stambaugh (JPE 2003) Updated Through Dec 2015".
- ^ "Lubos Pastor's Research".
- ^ "Lubos Pastor". JSTOR.
- ^ "Doctor honoris causa EU v Bratislave prof. Ľuboš Pástor, PhD".
- ^ "Ľuboš Pástor to be new member of NBS Bank Board".
- ^ "New Investable Indexes from The Center for Research in Security Prices (CRSP) selected by Vanguard for U.S. Stock Index Funds" (PDF).
- ^ "Vanguard to Change Target Benchmarks for 22 Index Funds" (PDF).
- ^ "Vanguard: A closer look at CRSP" (PDF).
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