- Finance
- Financial Economics
Biography
Professor Brad Cornell has been involved in a number of challenging assignments that involve the application of finance theory. He was appointed by AT&T to be their cost of capital expert for the company’s entry into the local telephone business nationwide. He also was asked to serve as the valuation expert for the California Office of Ratepayer Advocates regarding the proposed merger of Pacific Telesis and SBC Communication.
Cornell’s research applies financial economic models of incomplete information to the problem of ethnic discrimination. He has published several articles and is finishing a book on this topic.
Education
Ph.D. Financial Economics, 1975, Stanford University
M.S. Statistics, 1974, Stanford University
B.A. Physics, 1970, Stanford University
Published Papers
Brad Cornell and A.E. Bernardo. (1996). The Valuation of Complex Derivatives by Major Investment Firms: Empirical Evidence. Journal of Finance,
Brad Cornell and I. Welch. (June 1996). Culture, Information and Screening Discrimination. Journal of Political Economy,
Brad Cornell, Francis Longstaff, and Eduardo Schwartz. (1996). Throwing Good Money After Bad? Cash Infusions and Distressed Real Estate. Journal of the American Real Estate and Urban Economics Association, 24: 23-41.
Brad Cornell. (1995). An Hypothesis Regarding the Origins of Ethnic Discrimination. Rationality and Society, 7 (January): 4-29.