Alan Kraus BA (Cornell), MBA (Stanford), PhD (Cornell) Perigee Professor of Finance Emeritus Professor Office:    Henry Angus 867 Phone:     +1-604-822-8342 Fax:    +1-604-822-4695 Email:    < alan.kraus at sauder.ubc.ca > University of British Columbia Sauder School of Business 2053 Main Mall, Vancouver BC, V6T 1Z2

Research Interests

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Research Interests include Pricing of Risky Securities, Models of Capital Market Equilibrium, Choice under Uncertainty, and Economics of Information.


Selected Publications

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Alan Kraus and Jacob Sagi “Asset Pricing with Unforeseen Contingencies” Journal of Financial Economics, forthcoming

Alan Kraus and Jacob Sagi “Inter-temporal Preference for Flexibility and Risky Choice” Journal of Mathematical Economics, forthcoming

Amir Barnea, Robert Heinkel, and Alan Kraus “Green Investors and Corporate Investment” Structural Change and Economic Dynamics, Vol. 16, 2005, 332-346.

Alan Kraus and Amir Rubin “The Effect of Short Sale Constraint Removal on Volatility in the Presence of Heterogeneous Beliefs” International Review of Finance, Vol. 4, 2003, pp. 171-188.

Robert Heinkel, Alan Kraus, and Josef Zechner “The Effect of Green Investment on Corporate Behavior” Journal of Financial and Quantitative Analysis, Vol. 36, 2001, 431-449. Working Papers

Burton Hollifield and Alan Kraus “Defining Bad News: Changes in Return Distributions that Decrease Risky Asset Demand” (2006)

Alan Kraus and Amir Rubin “Managerial Stock Options when Shareholders are Diversified” (2005)

Amir Barnea, Robert Heinkel, and Alan Kraus “Corporate Social Responsibility” (2004)