Background
STOLL, Hans R. was born in 1939 in Regensburg, Germany.
STOLL, Hans R. was born in 1939 in Regensburg, Germany.
Bachelor of Arts Swarthmore College, Pennsylvania, 1961. Master of Business Administration, Doctor of Philosophy University Chicago, 1963, 1966.
Instructor Business Economics, Graduate School Business, University Chicago, 1965-1966. Assistant Professor, Association Professor Finance, Wharton School, University Pennsylvania, 1966-1980. Visiting Professor, Board Governors Federal Reserve System, 1968-1969.
Senior Economics, Institute, Institution Investors Study, Securities and Exchange Commission, Washington, District of Columbia, 1969-1970.
Visiting Association Professor Finance, Graduate School Business, University Chicago, 1975-1976. Senior Fulbright-Hays Acting Visiting Lector, Ecole Supérieure des Sciences Economics et Commerciales, Paris, 1976-1977.
Walker Professor Finance, Owen Graduate School Management, Vanderbilt University, Nashville, Tennessee, United States of America. Editorial Boards, Finance Management, J. Finance Research.
After completing a dissertation on the forward foreign exchange market at the Graduate School of Business of the University of Chicago, I began teaching corporate finance and speculative markets at the Wharton School. Among other things, this teaching responsibility led to an interest in speculative markets and led to research on options markets and the derivation of the put-call parity relationship for options on common stocks and empirical tests of that relationship. A stint at the Securities and Exchange Commission on its Institutional Investors Study generated research on the impact of institutional investors on securities prices.
Also in part as a result of this experience at the Securities and Exchange Commission, I worked on the impact of the deregulation of New York Stock Exchange commission rates and wrote a number of papers on the provision of dealer services in securitites markets. These papers provide a theory of the dealer in securities markets and carry out some empirical tests using over-the-counter bid-ask spread data. I also developed an interest in commodity futures, published a paper on the determination of spot and futures prices in capital market equilbirum as well as a more recent paper examining
international purchasing power parity using commodity futures prices.
Finally, I have had an interest in small business financing issues, having completed several papers on this subject and most recently co-authored a book that examines taxes and financial policies of small firms.