Areas of expertise: Asset Pricing, Financial Derivatives, Portfolio Management
George Constantinides is the Leo Melamed Professor of Finance at The University of Chicago Booth School of Business. He studies the causes of the historically observed premium of equity returns over bond returns, the value premium, and the size premium; the pricing and hedging of fixed-income securities, options, futures, and other derivatives; the effects of transaction costs and taxes on the pricing of derivatives, and portfolio management. He has published numerous papers in distinguished academic periodicals such as the Journal of Political Economy, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Management Science and the Journal of Financial and Quantitative Analysis. A former president of the American Finance Association and of the Society for Financial Studies, Constantinides is a research associate at the National Bureau of Economic Research. He serves as a director and trustee of the Dimensional Fund Advisors’ family of funds and trusts.
Professor Constantinides earned a bachelor’s degree from Oxford University and MBA and DBA degrees from Indiana University.