Professor | Kenneth Rosen Chancellor's Chair in Real Estate
Finance
Leading expert on mortgage markets
About
Richard Stanton is a Professor of Finance and Real Estate and holds the Kenneth Rosen Chancellor’s Chair in Real Estate at Berkeley Haas. His main research interests are mortgage and lease markets, term structure modeling, mutual funds and risk management, and employee stock options (ESOs).
Expertise and Research Interests
- Mortgage and Lease Markets
- Term Structure Modeling
- Mutual Funds and Risk Management
- Employee Stock Options (ESOs)
- R. Stanton, J. Walden and N. Wallace. Mortgage Loan-Flow Networks and Financial Norms. Review of Financial Studies.
2017 - R. Stanton and N. Wallace. CMBS Subordination, Ratings Inflation, and Regulatory-Capital Arbitrage. Financial Management.
2017 - R. Stanton, C. Parlour and J. Walden. Financial Flexibility, Bank Capital Flows, and Asset Prices. Journal of Finance.
2012 - R. Stanton and G. Duffee. Estimation of Dynamic Term Structure Models. Quarterly Journal of Finance.
2012 - R. Stanton and N. Wallace. The Bear’s Lair: Indexed Credit Default Swaps and the Subprime Mortgage Crisis. Review of Financial Studies.
2011 - Richard Stanton, Christine A. Parlour, and Johan Walden. Revisiting Asset Pricing Puzzles in an Exchange Economy. Review of Financial Studies.
2011
At Haas since 1991
2023 – present, Kenneth Rosen Chancellor’s Chair in Real Estate, Haas School of Business
2008 – present, Professor, Haas School of Business
1998 – 2008, Associate Professor, Haas School of Business
1991 – 1998, Assistant Professor, Haas School of Business
Financial Management best paper prize
For “CMBS Subordination, Ratings Inflation, and Regulatory Capital Arbitrage”
2018
Earl F. Cheit Outstanding Teaching Award, MFE Program
Course: Fixed Income
2013
Nomination for Journal of Finance Brattle best corporate-finance paper prize
For “Human Capital, Bankruptcy and Capital Structure”
2010
Earl F. Cheit Award for Excellence in Teaching, Undergraduate Program
2007
Nomination for Journal of Finance Smith-Breeden best-paper prize
For “Managerial Ability, Compensation and the Closed-End Fund Discount”
2007
Best Paper award, Utah Winter Finance conference
Awarded for “A Liquidity-Based Model of Closed-End Funds”
2006
Schwabacher Fellowship
1996
Q Group Research Award
1994
UC Berkeley Junior Faculty Research Grant
1993-1994
Earl F. Cheit Award for Excellence in Teaching (Undergraduate Program)
1993
AACSB Doctoral Fellowship
1989
Science and Engineering Research Council (SERC) Overseas Studentship
1986-1989
- The AI-Bias Problem And How Fintechs Should Be Fighting It: A Deep-Dive With Sam Farao (opens in a new tab), Forbes, 09/29/2021
- Black Homebuyers Today Pay An Unequal Price (opens in a new tab), NPR – All Things Considered, 05/07/2021
- Can Digital Mortgage Platforms Reduce Discrimination in Lending? (opens in a new tab), DNYUZ, 09/18/2020
- Why Corporations’ Responses To George Floyd Protests Matter (opens in a new tab), S&P Global Ratings, 07/23/2020
- UC Berkeley professors suggest mortgage crisis may be imminent amid coronavirus pandemic (opens in a new tab), Daily Californian, 04/21/2020
- This Is What Racism Sounds Like in the Banking Industry (opens in a new tab), The New York Times, 12/11/2019
- Bad, biased, and unethical uses of AI (opens in a new tab), The Enterprisers Project, 08/29/2019
- Can algorithms be racist? Trump’s housing department says no (opens in a new tab), Reveal, 08/05/2019
- Knowing the “Value” of Our Data Won’t Fix Our Privacy Problems (opens in a new tab), Electronic Frontier Foundation, 07/15/2019
- Berkeley Haas’s Morse: FinTech Also Practices Housing Discrimination (opens in a new tab), Poets & Quants, 05/06/2019
- Digital mortgages are here, but some buyers are hesitant to use them. Here’s what you should know. (opens in a new tab), Chicago Tribune, 01/23/2019
- Women can benefit more from stock options study reveals (opens in a new tab), Wealth Professional Canada, 01/10/2019
- Women Hold Onto Stock Options Longer—and Reap the Benefits (opens in a new tab), Fortune, 01/08/2019
- Non-bank firms are now big players in America’s mortgage market (opens in a new tab), The Economist, 11/29/2018
- Online lending hasn’t removed discrimination, study shows (opens in a new tab), CNBC, 11/27/2018
- How some algorithm lending programs discriminate against minorities (opens in a new tab), NPR – Morning Edition, 11/24/2018
- Introduction to Finance, MBA 203
- Continuous-Time Finance, PhD 239B
- Fixed Income Markets, MFE 230I
