Background
Stoll, Hans Reiner was born on December 11, 1939 in Regensburg, Germany. Came to the United States, 1947. Son of Reiner G. and Christa (Schmidt) Stoll.
science administrator financial educator
Stoll, Hans Reiner was born on December 11, 1939 in Regensburg, Germany. Came to the United States, 1947. Son of Reiner G. and Christa (Schmidt) Stoll.
AB, Swarthmore College, 1961. Master of Business Administration, University Chicago, 1963. Doctor of Philosophy, University Chicago, 1966.
Instructor University Chicago, 1965-1966. From assistant professor to associate professor University Pennsylvania, Philadelphia, 1966-1980. Professor, director Finance Markets Research Center Owen School Vanderbilt University, Nashville, since 1980, professor finance, since 1980, director Finance Markets Research Center, since 1987.
Senior staff institutional investor study Securities and Exchange Commission, 1969-1970.
Member editorial board Journal Finance, Jour Finance Economics, others.
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 SEC, 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.
Member American Finance Association, American Economic Association.
Married Margery A. Shaw, August 26, 1967. Children: Erica, Andy, Kevin.