Robert Brooks

Robert Brooks
Professor of Finance and Wallace D. Malone, Jr. Endowed Chair of Financial Management and Director, Master of Science in Finance
Economics, Finance & Legal Studies
Office: 226 Alston Hall, 205-348-8987
Specialty Areas:

Financial Derivatives, Financial Risk Management, and Investment Management

Education:
Florida State University (B.S.), University of Florida (Ph.D.).
Honors, Achievements and Affiliations:

Dr. Brooks has authored of over 60 articles appearing journals such as the Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Fixed Income, Financial Review, Public Finance Review, Financial Analysts Journal, Journal of Futures Markets, and Journal of Portfolio Management. Further, he the co-author of An Introduction to Derivatives and Risk and Risk Management (Seventh and Eighth Editions) with Don Chance and has authored a book titled Building Financial Derivatives Applications with C++. A Chartered Financial Analyst charterholder, he is an active member of the CFA Institute, Financial Management Association, Academy of Financial Services, and the Christian Finance Faculty Association.

He has been quoted in The Wall Street Journal, Bloomberg News and The Bond Buyer and has consulted with major public utilities, energy companies, auditing firms, corporations, investment bankers, elected municipal officials, and commercial bankers regarding managing financial risks, derivatives valuation, software development, and derivatives litigation. He also conducts professional development seminars on various aspects of financial risk management, including energy derivatives valuation and energy risk management.

Selected Publications

  • “Information in the U.S. Treasury Term Structure of Interest Rates.” (With Brandon N. Cline and Walter Enders.)  Financial Review.  Forthcoming
  • “The Efficacy of Regulation SHO in Resolving Naked Shorts.” (With Clay Moffett and Jin Q. Jeon.) Journal of Financial Regulation and Compliance.  Forthcoming.
  • “The Life Cycle View of Enterprise Risk Management: The Case of Southwest Airlines Jet Fuel Hedging.” Journal of Financial Education.  Forthcoming.
  • An Introduction to Derivatives and Risk Management, 8th edition. (With D. Chance.) Fort Worth, Texas.  Thomson South-Western. 2010.
  • “The Naked Truth:  Examining Prevailing Practices in Short-Sales and the Resultant Voter Disenfranchisement.” (With Clay Moffett.) Journal of Trading. Summer 2008.
  • “Real–time Assessment of Value-at-Risk and Volatility Accuracy.”  Nonlinear Analysis: Real World Application. (Series B)  (With Joe Sullivan and Zachary Stoumbos.) August 2005.
  • “An Analysis of Single-Stock Futures Trading in the U.S.” (With Travis Jones.) Financial Services Review.  December 2004.
  • “Surplus Optimization Approach to Managing Municipal Debt.” Public Finance Review.  October 2004.
  • “History of the Forecasters:  An Assessment of the Semi-Annual U.S. Treasury Bond Yield Forecast Survey as Reported in The Wall Street Journal.” (With Brian Gray.)  Journal of Portfolio Management. Fall 2004.
  • “The Cost of Tax Policy Uncertainty: Evidence From the Municipal Swap Market.” Journal of Fixed Income. Fall 2002.
  • Building Financial Derivatives Applications with C++. Quorum Books, Westport, CT. 2000.
  • “London Inter-bank Offer Rate (LIBOR) versus Treasury Rate: Evidences from the Parsimonious Term Structure Model.” Journal of Fixed Income. June 1999. 
  • “Approaches to Valuation Illustrated with Interest Rate Swaps.” Derivatives Quarterly. Spring 1998.
  • "A Lattice Approach to Interest Rate Spread Options." Journal of Financial Engineering. September 1995.
  • "Are Jumps in Stock Returns Diversifiable: Evidence and Implications for Option Pricing." (With M.J. Kim and Y.H. Oh.) Journal of Financial and Quantitative Analysis. December 1994.