Karl Borch Lecture 2012
The Karl Borch Lecture is an annual lecture held by world-class scholars on a current research topic.
The Karl Borch Lecture Series was established in 2002 by the Department, in honor of Borch.
The lecture is on a current research topic and given by distinguished scholars, whose research capture the pioneering spirit of Karl Borch, but not necessarily his fields of research in a narrow sense.
The Karl Borch Lecture is sponsored by the Institute for Research in Economics and Business Administration (SNF).
Karl Borch Lecture 2012
The 11th Karl Borch Lecture was given by Professor Eduardo Schwartz, University of California, Los Angeles, on the topic
The Real Options Approach to Valuation: Challenges and Opportunities
The lecture was held at NHH on Thursday May 31 2012 (12.15-13.45 in Karl Borch's Aud.).
Professor Schwartz also gave an additional lecture, in the Department's Seminar Series, on Wednesday May 30 2012, entitled Cash Flow Multipliers and Optimal Investment Decisions (slides are also available).
|Karl Borch Lectures 2002-2016|
|Thursday 06.10.2016, 12.15-13.45, Karl Borch's Aud.||
Andrew W. Lo, Massachusetts Institute of Technology
|Thursday 03.09.2015, 12.15-13.45, Agnar Sandmo's Aud.||
Lasse Heje Pedersen, Copenhagen Business School
|Friday 24.05.2013, 12.15-13.45, Karl Borch's Aud.||
David M. Kreps, Stanford University
|Thursday 31.05.2012, 12.15-13.45, Karl Borch's Aud.||
Eduardo Schwartz, University of California, Los Angeles
|Tuesday 23.08.2011, 13.10-14.20, Dag Coward's Aud.||
John Y. Campbell, Harvard University
|Friday 07.05.2010, 12.15-13.45, Karl Borch's Aud.||
Christian Gollier, Toulouse 1 Capitole University
|Monday 08.06.2009, 12.15-13.45, Karl Borch's Aud.||
Jacques Drèze, Université catholique de Louvain
|Friday 05.09.2008, 12.15-13.45, Karl Borch's Aud.||
Mark Rubinstein, University of California, Berkeley
|Friday 08.06.2007, 12.15-13.45, Aud. E||
Hayne Leland, University of California, Berkeley
|Friday 12.05.2006, 12.15-13.45, Aud. C||
Stephen A. Ross, Massachusetts Institute of Technology
|Friday 23.09.2005, 12.15-13.45, Karl Borch's Aud.||
Michael Brennan, University of California, Los Angeles
|Friday 29.10.2004, 12.15-13.45, Finn E. Kydland's Aud.||
Robert Wilson, Stanford University
|Thursday 15.05.2003, 12.15-13.45, Aud. E||
Oliver Hart, Harvard University
|Friday 03.05.2002, 13.15-14.45, Aud. E||
Bengt Holmström, Massachusetts Institute of Technology
Karl H. Borch was a professor at NHH between 1963 and 1986, and is considered one of the founders of economics of uncertainty, counting 150 scientific articles in journals and conference proceedings, and three books.
Eduardo Schwartz is the California Chair in Real Estate and Land Economics at the Anderson School of Management, University of California, Los Angeles.
Professor Schwartz is known for pioneering research in several areas of finance, particularly derivatives. Among his major contributions are the real options method of pricing investments under uncertainty, the Longstaff‐Schwartz model (a multi‐factor short‐rate model), the Longstaff‐Schwartz method for valuing American options by Monte Carlo Simulation, and the use of Finite difference methods for option pricing.
His collected works include more 100 than articles in finance and economic journals, two monographs, and a large number of monograph chapters, conference proceedings and special reports.
He has served as associate editor for more than a dozen journals, including Journal of Finance, Journal of Financial Economics and Journal of Financial and Quantitative Analysis.
He is a former president of the Western Finance Association and the American Finance Association. He is a fellow of the American Finance Association and the Financial Management Association International. He is also a research associate of the National Bureau of Economic Research.
He is the winner of a number of awards for both teaching excellence and for the quality of his published work, like the 2000 Graham and Dodd Award.
In 2015, Schwartz was named International Association for Quantitative Finance (IAQF)/SunGard Financial Engineer of the Year in recognition of his individual contributions to the advancement of quantitative finance.