Richard Roll

Linde Institute Professor of Finance
B.A.E., Auburn University, 1961; M.B.A., University of Washington, 1963; Ph.D., University of Chicago, 1968. Caltech, Linde Institute Professor, 2013-.

RESEARCH

Applied Microeconomics; Business, Economics and Management

RESEARCH INTERESTS

Asset Pricing; Financial Markets; Derivatives; Hedging Strategies; Investments; Interest Rates;  Portfolio Management; Corporate Governance; Capital Structure; Mergers and Acquisitions

PROFILE

Richard Roll is a finance expert known in particular for his work on portfolio theory and asset pricing. He also brings extensive business experience to the Linde Institute, having been a consultant for a range of corporations, law firms, and government agencies in addition to serving on boards and founding several businesses himself.  At Boeing the early 1960s, he worked on the Minuteman missile and the Saturn moon rocket. He was a vice president at Goldman, Sachs & Co. in the 1980s, where he founded and directed the mortgage securities group. He is currently a principal of the consulting firm Compensation Valuation, Inc.

Roll joined the faculty at UCLA in 1976, where he most recently held the Joel Fried Chair in Applied Finance in the Anderson School of Management and is now a professor emeritus. He was previously on the faculty at Carnegie Mellon University, the European Institute for Advanced Study of Management in Brussels, and the French business school Hautes Etudes Commerciales (HEC) near Paris. Roll holds a Ph.D. in economics, finance, and statistics from the University of Chicago, as well as an M.B.A. from the University of Washington and a B.A.E. from Auburn University. He has received honorary doctorates from universities in both France and Germany.

Roll has published two books and over 100 papers in peer-reviewed journals, and he is or has been an associate editor of 11 different journals in finance and economics. Among his honors, he has won the Graham and Dodd Award for financial writing four times and the Leo Melamed Prize for financial research. In 2009, he was named Financial Engineer of the Year by the International Association of Financial Engineers. He is a past president of the American Finance Association and a fellow of the Econometric Society.

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