Craig W. Holden

From Wikipedia, the free encyclopedia
Craig W. Holden
Died2021
Bloomington, IN
NationalityAmerican
InstitutionIndiana University Bloomington
Alma materUniversity of California, Los Angeles
Doctoral
advisor		Michael Brennan

Craig Woodworth Holden is the Finance Department Chair and Gregg T. and Judith A. Summerville Chair of Finance[1] at the Kelley School of Business at Indiana University. His research focuses on market microstructure. He is secretary-treasurer of the Society for Financial Studies.[2] He is an associate editor of the Journal of Financial Markets.[3] His M.B.A. and Ph.D. are from the Anderson School of Management at UCLA.[4] He received the Fama-DFA Prize for the second best paper in capital markets published in the Journal of Financial Economics in 2009,[5] the Spangler-IQAM Award for the best investments paper published in the Review of Finance in 2017-2018,[6] and the Philip Brown Prize for the best paper published in 2017 using SIRCA data. His research has been cited more than 4,300 times.[7] He has written two books on financial modeling in Excel: Excel Modeling in Investments and Excel Modeling in Corporate Finance.[8] He has chaired 22 dissertations, been a member or chair of 62 dissertations,[9] and serves on the program committees of the Western Finance Association[10] and European Finance Association.[11]

Research[]

Holden's research has appeared in leading journals, including the Journal of Finance,[12][13] Journal of Financial Economics,[14] Review of Financial Studies,[15] Review of Finance,[16] Journal of Business,[17] Journal of Financial Markets,[18][19] Review of Corporate Finance Studies,[20] Critical Finance Review,[21] Journal of Corporate Finance,[22] Journal of Financial Intermediation,[23] Journal of Empirical Finance,[24][25] Foundations and Trends in Finance,[26] Financial Analysts Journal,[27] Journal of Business Finance and Accounting,[28] Mathematical Finance,[29] and Management Science (journal).[30] His working papers are posted on the Social Science Research Network.[31][32][33][34] His research has received attention in the Financial Times.[35] and other media. He is best known for the following publications:

  • Kingsley Y.L. Fong, Craig W. Holden, and Charles A. Trzcinka, 2017, What Are The Best Liquidity Proxies For Global Research?, Review of Finance 21, 1355-1401.
  • Craig W. Holden and Stacey Jacobsen, 2014, Liquidity Measurement Problems in Fast, Competitive Markets: Expensive and Cheap Solutions, Journal of Finance 69, 1747-1785.
  • Craig W. Holden, Stacey Jacobsen, and Avanidhar Subrahmanyam, 2014, The Empirical Analysis of Liquidity, Foundations and Trends in Finance 8, No. 4, 263-365.
  • Utpal Bhattacharya, Craig W. Holden, and Stacey Jacobsen, 2012, Penny Wise, Dollar Foolish: Buy-Sell Imbalances On and Around Round Numbers, Management Science (journal) 15, 413-431.
  • Ruslan Goyenko, Craig W. Holden, and Charles A. Trzcinka, 2009, Do Liquidity Measures Measure Liquidity?, Journal of Financial Economics 92, 153-181.
  • Craig W. Holden and Avanidhar Subrahmanyam, 2002, News Events, Information Acquisition, and Stock Price Behavior, Journal of Business 75, 1-32.
  • Craig W. Holden and Avanidhar Subrahmanyam, 1996, Risk Aversion, Liquidity, and Endogenous Short Horizons, Review of Financial Studies 9, 691-722.
  • Craig W. Holden and Avanidhar Subrahmanyam, 1992, Long-Lived Private Information and Imperfect Competition, Journal of Finance 47, 247-270.

Teaching[]

Holden created three courses in market microstructure at Indiana University:

  • F335 Security Trading and Market Making at the undergraduate level[36]
  • F535 Security Trading and Market Making at the M.B.A. level[37]
  • F635 Market Microstructure at the doctoral level.[38]

Holden's book, Excel Modeling in Investments (Fifth Edition) teaches students how to build investments models in Excel. It covers fixed income, portfolio management, security analysis, asset pricing, international investments, options, futures, and other derivatives.[39][40] His book, Excel Modeling in Corporate Finance (Fifth Edition) teaches students how to build corporate finance models in Excel. It covers time value of money, firm and project valuation, capital structure, capital budgeting, financial planning, and real options.[41] His Excel modeling books have been translated into Chinese and Italian.[42][43][44]

He has published papers about teaching in FEN Educator[45] and the Journal of Financial Education.[46]

References[]

  1. ^ "Faculty Profile". Kelley School of Business. Retrieved 2020-06-22.
  2. ^ "Society for Financial Studies". Retrieved 21 November 2014.
  3. ^ Journal of Financial Markets Editorial Board. Elsevier. Retrieved 21 November 2014.
  4. ^ "Dissertations UCLA Anderson School of Management". UCLA Anderson School of Management. Archived from the original on 29 November 2014. Retrieved 21 November 2014.
  5. ^ "Fama-DFA Prizes for the Best Papers Published in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing". jfe.rochester.edu. 2012. Retrieved March 20, 2013. Do liquidity measures measure liquidity?, Volume 92, Issue 2, May 2009, Pages 153-181
  6. ^ "Awards – Review of Finance". revfin.org. Retrieved 2019-07-10.
  7. ^ "Craig W. Holden Google Scholar Citations". Google Scholar. Retrieved 21 November 2014.
  8. ^ "Information about Holden Excel modeling books". Retrieved 24 November 2014.
  9. ^ "Doctoral Program Placements, Including Chair". Kelley School of Business Doctoral Program Placements. Retrieved 21 November 2014.
  10. ^ "Western Finance Association - 2016 Program" (PDF).
  11. ^ "Program Committee and Track Chairs | European Finance Association Conference". www.efa2016.org. Retrieved 2017-01-20.
  12. ^ Holden, Craig W.; Jacobsen, Stacey (2014). "Liquidity Measurement Problems in Fast, Competitive Markets: Expensive and Cheap Solutions". Journal of Finance. 69 (4): 1747–1785. doi:10.1111/jofi.12127. hdl:10.1111/jofi.12127.
  13. ^ Holden, Craig W.; Avanidhar Subrahmanyam (1992). "Long-Lived Private Information and Imperfect Competition". Journal of Finance. 47: 247–270. doi:10.1111/j.1540-6261.1992.tb03985.x.
  14. ^ Goyenko, Ruslan; Craig W. Holden; Charles A. Trzcinka (2009). "Do Liquidity Measures Measure Liquidity?". Journal of Financial Economics. 92 (2): 151–181. doi:10.1016/j.jfineco.2008.06.002.
  15. ^ Holden, Craig W.; Avanidhar Subrahmanyam (1996). "Risk Aversion, Liquidity, and Endogenous Short Horizons". Review of Financial Studies. 9 (2): 691–722. doi:10.1093/rfs/9.2.691.
  16. ^ Fong, Kingsley Y. L.; Holden, Craig W.; Trzcinka, Charles A. (2017). "What Are the Best Liquidity Proxies for Global Research?". Review of Finance. 21 (4): 1355–1401. doi:10.1093/rof/rfx003.
  17. ^ Holden, Craig W.; Avanidhar Subrahmanyam (2002). "News Events, Information Acquisition, and Stock Price Behavior". Journal of Business. 75 (1): 1–32. CiteSeerX 10.1.1.34.4426. doi:10.1086/323503. JSTOR 10.1086/323503.
  18. ^ Holden, Craig W. (2009). "New Low-Frequency Spread Measures". Journal of Financial Markets. 12 (4): 778–813. doi:10.1016/j.finmar.2009.07.003.
  19. ^ Battalio, Robert; Craig W. Holden (2001). "A Simple Model of Payment For Order Flow, Internalization, and Total Trading Costs". Journal of Financial Markets. 4: 33–71. doi:10.1016/s1386-4181(00)00015-x.
  20. ^ Holden, Craig W. (2017-03-01). "Do Acceptance and Publication Times Differ Across Finance Journals?". Review of Corporate Finance Studies. 6: 102–126. doi:10.1093/rcfs/cfx009. ISSN 2046-9128.
  21. ^ Holden, Craig W.; Nam, Jayoung (2019). "Do the LCAPM Predictions Hold? Replication and Extension Evidence". Critical Finance Review. 8 (1–2): 29–71. doi:10.1561/104.00000071. SSRN 2848373.
  22. ^ Holden, Craig W.; Kim, Daniel S. (2017-06-01). "Performance share plans: Valuation and empirical tests". Journal of Corporate Finance. 44: 99–125. doi:10.1016/j.jcorpfin.2017.03.004.
  23. ^ Chakravarty, Sugato; Craig W. Holden (1995). "An Integrated Model Of Market And Limit Orders". Journal of Financial Intermediation. 4 (3): 213–241. doi:10.1006/jfin.1995.1010.
  24. ^ Holden, Craig W.; Leonard L. Lundstrum (2009). "Costly Trading, Managerial Myopia, and Long-Term Investment". Journal of Empirical Finance. 16: 126–135. doi:10.1016/j.jempfin.2008.05.001.
  25. ^ Ellul, Andrew; Craig W. Holden; Pankaj Jain; Robert Jennings (2007). "Order Dynamics: Recent Evidence from the NYSE". Journal of Empirical Finance. 14 (5): 636–661. doi:10.1016/j.jempfin.2007.02.002.
  26. ^ Holden, Craig W.; Stacey Jacobsen; Avanidhar Subrahmanyam (2014). "The Empirical Analysis of Liquidity". Foundations and Trends in Finance. 8 (4): 263–365. doi:10.1561/0500000044.
  27. ^ Holden, Craig W. (1991). "Index Arbitrage and The Media". Financial Analysts Journal. 47 (5): 8–9. JSTOR 4479464.
  28. ^ Holden, Craig W.; Pamela S. Stuerke (2008). "The Frequency of Financial Analysts' Forecast Revisions: Theory and Evidence about Determinants of Demand for Predisclosure Information". Journal of Business Finance and Accounting. 35 (7–8): 860–888. doi:10.1111/j.1468-5957.2008.02108.x. S2CID 154641724.
  29. ^ Bagnoli, Mark; S. Viswanathan; Craig W. Holden (2001). "On The Existence of Linear Equilibria in Models of Market Making". Mathematical Finance. 11: 1–31. doi:10.1111/1467-9965.00106.
  30. ^ Bhattacharya, Utpal; Craig W. Holden; Stacey Jacobsen (2012). "Penny Wise, Dollar Foolish: Buy-Sell Imbalances On and Around Round Numbers". Management Science. 15 (2): 413–431. doi:10.1287/mnsc.1110.1364.
  31. ^ "Craig W. Holden's SSRN Author Page".
  32. ^ Holden, Craig W. (2015-04-28). "A Theory of Optimal Institutional Trading". SSRN 2470280. Cite journal requires |journal= (help)
  33. ^ Fong, Kingsley; Holden, Craig; Tobek, Ondrej (2017-07-24). "Are Volatility Over Volume Liquidity Proxies Useful For Global Or US Research?". SSRN 2989367. Cite journal requires |journal= (help)
  34. ^ Holden, Craig W.; Mao, Yifei; Nam, Jayoung (2018-06-10). "Price Discovery in the Stock, OTC Corporate Bond, and NYSE Corporate Bond Markets". Rochester, NY. SSRN 3193653. Cite journal requires |journal= (help)
  35. ^ Authers, John. "Selling Shares Like Toothpaste on 1/28/2009". Financial Times. Retrieved 21 November 2014.
  36. ^ "F335 Security Trading and Market Making". Kelley School of Business Undergraduate Program Course Descriptions. Archived from the original on 7 October 2014. Retrieved 21 November 2014.
  37. ^ "F535 Security Trading and Market Making". Kelley School of Business MBA Program Course Descriptions. Archived from the original on 5 March 2014. Retrieved 21 November 2014.
  38. ^ "F635 Market Microstructure". Kelley School of Business Doctoral Program Course Descriptions. Archived from the original on 11 October 2014. Retrieved 21 November 2014.
  39. ^ "Holden, Excel Modeling in Investments, 5th Edition". www.pearsonhighered.com. Retrieved 2017-01-20.
  40. ^ "Online resources for Holden Excel Modeling books". Pearson. Retrieved 24 November 2014.
  41. ^ "Holden, Excel Modeling in Corporate Finance, 5th Edition". www.pearsonhighered.com. Retrieved 2017-01-20.
  42. ^ Excel Modeling and Estimation in Investments, Third Edition, Chinese Simplified. ISBN 978-7-111-30587-3. Retrieved 24 November 2014.
  43. ^ "Excel Modeling and Estimation in the Fundamentals of Corporate Finance, Third Edition, Chinese Simplified". lib.gdufe.edu.cn. Retrieved 2017-01-20.
  44. ^ Holden, Craig W. (2007). Esercizi di finanza aziendale con Excel. ISBN 978-8871923529. Retrieved 24 November 2014.
  45. ^ Holden, Craig W.; Kent L. Womack (2000-09-12). "Spreadsheet Modeling in Finance and Investment Courses". SSRN 241708. Cite journal requires |journal= (help)
  46. ^ Holden, Craig W. (1998). "Save Diversification From The CAPM Controversy! An Excel-based Interactive Optimizer To Teach Diversification, Exploiting Mispriced Assets, and Asset Classes". Journal of Financial Education. 24: 49–57. JSTOR 41948280.

External links[]

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