Robert Brooks

  • December 17th, 2018
Robert Brooks
EFLS, Experts, Faculty, Finance Ph.D. Faculty
Department:Economics, Finance, & Legal Studies
Title:Wallace D. Malone, Jr. Endowed Chair of Financial Management
Professor of Finance
Education:Ph.D., University of Florida, 1986, Finance


Business, Investments, Financial Derivatives, Financial Risk Management


Honors, Achievements & Affiliations

Jim Nabors C&BA Teaching Award, Culverhouse College of Commerce. (November 2015).

Outstanding Commitment to Teaching Award, National Alumni Association of The University of Alabama. (November 2014).

Chartered Financial Analyst Charterholder, CFA Institute.

Financial Management Association, Member.

American Finance Association, Member.

Christian Finance Faculty Association, Member.

Editorial Review Board Member, Journal of Financial Research. (January 2011 - Present).

Editorial Review Board Member, Financial Services Review. (August 2005 - Present).

Focus and Current Research


Financial Derivatives

Enterprise Risk Management

Selected Publications

“Samuelson Hypothesis, Arbitrage Activity, and Futures Term Premiums.” (With Pavel Teterin.) Journal of Futures Markets. 2020.

“The ‘Superior Performance’ of Covered Calls on the S&P 500: Rethinking an Anomaly.” (With Don Chance and Michael Hemler.) Journal of Derivatives. 2019.

“An Enterprise Perspective on Performance Attribution: Introducing the Keel Model.” Journal of Risk. December 2017.

“An Option Valuation Framework Based on Arithmetic Brownian Motion: Justification and Implementation Issues.” (With Joshua A. Brooks.) Journal of Financial Research. Fall 2017.

“Bond Portfolio Holding Period Return Decomposition.” (With Kate Upton.) Journal of Investing. Summer 2017.

“A General Option Valuation Approach to Discount for Lack of Marketability.” Business Valuation Review. Winter 2016.

“Smooth Volatility Shifts and Spillovers in U.S. Crude Oil and Corn Futures Markets.” (With Walter Enders and Pavel Teterin.) Journal of Empirical Finance. September 2016.

“Valuation of Contingent Claims.” (With David Gentle.), CFA Examination Reading, Level II and “Pricing and Valuing Forward Commitments.” (With Barbara Valbussi.) CFA Examination Reading, Level II. 2016.

“A Comparison of the Information in the LIBOR and CMT Term Structures of Interest Rates.” (With Brandon N. Cline and Walt Enders.) Journal of Banking and Finance. 2015.

An Introduction to Derivatives and Risk Management. 10th edition. (With Don M. Chance.) Fort Worth, Texas.  Thomson South-Western. 2015.

Building Financial Risk Management Applications with C++. CreateSpace Independent Publishing Platform. 2013.

“Samuelson Hypothesis and Carry Arbitrage.” Journal of Derivatives. Winter 2013.

“Private Information and the Exercise of Executive Stock Options.” (With Don M. Chance and Brandon N. Cline.) Financial Management. Fall 2012.

"Are Jumps in Stock Returns Diversifiable: Evidence and Implications for Option Pricing." (With M.J. Kim and Y.H. Oh.) Journal of Financial and Quantitative Analysis. December 1994.