Alan J. Marcus is an American economist, and the first recipient of the Mario J. Gabelli Endowed Professorship at the Carroll School of Management at Boston College, where he currently teaches. He is an author of several textbooks widely used in finance and MBA programs internationally, including ''Fundamentals of Corporate Finance'' with Stewart Myers and Richard A. Brealey. Marcus serves on the advisory board of the

CFA Institute The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investme ...

Education and background

Marcus graduated with high honors, summa cum laude, and

Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal ...

, from

Wesleyan University Wesleyan University ( ) is a private liberal arts university in Middletown, Connecticut. Founded in 1831 as a men's college under the auspices of the Methodist Episcopal Church and with the support of prominent residents of Middletown, the col ...

, in 1976. He received his PhD in economics at

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

in 1981. He also served as a Research Fellow at the

National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...

, working with Pension,

Monetary Economics Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and ...

, and Financial Markets groups.

Academic appointments

* 1981-1990, Boston University * 1994 (summer), Visiting Professor at the Athens Laboratory of Business Administration (ALBA) * 1996 and 1997, Visiting Professor at the

MIT Sloan School of Management The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, ...

* 1991–present, Professor at the Wallace E. Carroll School of Management at Boston College

Bibliography

Marcus has co-authored textbooks and his work has been published in the area of capitol markets and

portfolio theory Modern portfolio theory (MPT), or mean-variance analysis, is a mathematical framework for assembling a portfolio of assets such that the expected return is maximized for a given level of risk. It is a formalization and extension of diversificatio ...

. Some of his works are listed below.

Books

* ''Essentials of Investments'', ninth edition, 2013 (with Alex Kane and

Zvi Bodie Zvi Bodie (born April 27, 1943) is an American economist, author and professor. He was the Norman and Adele Barron Professor of Management at Boston University, teaching finance at Questrom for 43 years before retiring in 2015. His textbook, ''I ...

) * ''Fundamentals of Corporate Finance,'' seventh edition, 2012 (with A. Kane and Z.Bodie) * ''Investments,'' ninth edition, 2011 (with A. Kane and Z. Bodie)

Journal articles

* “Relative Sentiment and Stock Returns,” ''Financial Analysts Journal'', 66 (July/August 2010), with Roger M. Edelen and Hassan Tehranian. * “Opaque Financial Reports, R-square, and Crash Risk,” ''Journal of Financial Economics'', 94 (October 2009), with Amy Hutton and Hassan Tehranian, 67-86. * “Corporate Governance and Pay-for-Performance: The Impact of Earnings Management,” ''Journal of Financial Economics'', 87 (February 2008), 357-373, with Marcia Cornett and Hassan Tehranian. * “The Impact of Institutional Ownership on Corporate Operating Performance,” ''Journal of Banking and Finance'', 31 (June 2007), 1771-1794, with Marcia Cornett, Anthony Saunders, and Hassan Tehranian. * “Optimal Estimation of the Risk Premium for the Long Run and Asset Allocation: A Case of Compounded Estimation Risk,” ''Journal of Financial Econometrics'', 3 (2005), 37-55, with Eric Jacquier and Alex Kane. *

References

{{DEFAULTSORT:Marcus, Alan Boston College faculty American economists MIT School of Humanities, Arts, and Social Sciences alumni Wesleyan University alumni Living people Year of birth missing (living people) Corporate finance theorists