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Kerry Back
Finance

Kerry Back

J. Howard Creekmore Professor of Finance and Professor of Economics
Finance Area Coordinator
Ph.D. Area Advisor – Finance

Faculty
McNair Hall 325
Kerry Back
Finance

Kerry Back is the J. Howard Creekmore Professor of Finance and Professor of Economics at Rice Business and a Professor of Economics in the School of Social Sciences at Rice University. He previously served on the faculties of Northwestern University, Indiana University, Washington University in St. Louis, and Texas A&M University. He currently teaches asset pricing theory to PhD students in the Jones School and the Department of Economics, fundamentals of finance and quantitative finance to students in the Masters of Data Science program in the Department of Computer Science, and machine learning in finance and quantitative investment strategies to MBA students in the Business School. He is a former editor of the Review of Financial Studies, a former editor of Finance & Stochastics, and a former associate editor of the Journal of Finance and various other academic journals. He is the author of two textbooks and of numerous articles in the leading finance and economics journals.

Teaching Interests:

  • Investments
  • Security markets
  • Options and futures
  • Financial theory

Research Interests: 

  • Asset pricing theory and empirics
  • Market microstructure
  • Auction theory
  • Corporate investment

Intellectual Contributions

Journal Article
Back, K., & Crotty, K. (2014). The Informational Role of Stock and Bond Volume. Review of Financial Studies, 28(5), 1381-1427. doi:10.1093/rfs/hhu094
Journal Article
Back, K., & Baruch, S. (2013). Strategic Liquidity Provision in Limit Order Markets. Econometrica, 81(1), 363-392. doi:10.3982/ECTA10018.
Journal Article
Back, K., & Paulsen, D. (2009). Open Loop Equilibria and Perfect Competition in Option Exercise Games. Review of Financial Studies, 22(11), 4531-4552. doi:10.2139/ssrn.1139192.
Journal Article
Back, K., & Baruch, S. (2007). Working Orders in Limit Order Markets and Floor Exchanges. Journal of Finance, 61(4), 1589-1621. doi:10.1111/j.1540-6261.2007.01252.x.
Journal Article
Back, K. & Baruch, S. (2004). Information in Securities Markets: Kyle Meets Glosten and Milgrom. Econometrica, 72, 433-465. doi:10.1111/j.1468-0262.2004.00497.x

Rice Business Wisdom

""
Finance | Peer-Reviewed Research
Does inside information affect a company’s stock and bond prices?
Effects of firm liquidity on corporate governance
Corporate Governance | Peer-Reviewed Research
Firm liquidity is always good for corporate governance, right? Not so fast.

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