Louise and Henry Epstein Professor of Business Administration and Professor of Finance and Economics

Office: CS-3-202C Carol Simon Hall
Phone: (585) 275-3217
Email: cliff.smith@simon.rochester.edu
Website: www.simon.rochester.edu/fac/smith/

Professor Smith has research interests in the fields of corporate financial policy, derivative securities and financial intermediation. He has published 16 books and over 90 articles in leading finance and economics journals. Students in the Executive M.B.A. Program have given him their Superior Teaching Award 19 times; students in the M.B.A. Program have given him their Superior Teaching Award 10 times. In 2003, he received the F.M.A. Fellows Award by the Financial Management Association International. He was named Distinguished Scholar by the Southern Finance Association in 2000, and Distinguished International Visiting Scholar by the British Ac­­count­ing Association in 1991. In 1986, he was given the first Special Award for a Perfect Teaching Rating by the School; in 1983, he was chosen a University Mentor in recognition of his scholarship and teaching.

Smith has served as president of the Risk Theory Society, president of the Financial Management Association National Honor Society, vice president for Global Services of the Financial Management Association International, vice president of the International Eco­nomics and Finance Society, a member of the board of advisors of the International Association of Financial Engineers, and a member of the board of directors of the Financial Management Association and the Southern Finance Association. He is an advisory editor of the Journal of Fi­nancial Economics; an associate editor of the Journal of Risk and Insurance, Fi­nan­cial Practice and Education, the Review of International Economics, the Journal of Financial Services Research, the Journal of Derivatives, and the Journal of Financial Research; a member of the editorial board of the Review of International Econom­ics; and a member of the advisory board of the Journal of Applied Corporate Fi­nance, The Financier, Contemporary Finance Digest, and The Arbitrageur. His paper, “Trading Cost for Listed Options: The Implications for Market Efficiency” (with Susan M. Phillips), was awarded the Pomerance Prize for Excellence in Options Research by the Chicago Board Options Exchange for 1980; his paper, “On the Convergence of Insurance and Finance Research,” was awarded the Alpha Kappa Psi-Spangler Award by the American Risk and Insurance Association for 1996.

B.A., Economics,

Emory University

Ph.D., Economics,

University of North Carolina at Chapel Hill