Erik Benrud

Areas of Expertise

Wealth Management, Alternative Investments, Derivatives, Statistics

Academic Degrees

• PhD in finance and statistics, The University of Virginia in Charlottesville, VA
• MA in economics, UNC at Greensboro, NC

Professional Experience

• Indiana University in Bloomington, IN: Charles Schwab Distinguished Clinical Professor, 2017-present
• Peking University in Shenzhen, China: Professor of Finance, 2013-2017
• Drexel University in Philadelphia, PA: Clinical Professor of Finance, 2008-2017
• Lynchburg College in Lynchburg, VA: Associate Professor of Finance, 2006-2008
• American University in Washington, DC: Assistant Professor Finance, 2003-2006
• University of Baltimore in Baltimore, MD: Assistant Professor of Finance, 1999-2003

Awards, Honors & Certificates

• Outstanding Undergraduate Professor of the Year: 2005-2006 (American U)
• The Black and Decker Research Award 2003 (highest research in business honor at the U. of Baltimore)
• The Chase Bank of Maryland Award for Research in Finance 2002 (U. of Baltimore)

Selected Publications

• Benrud, E., and Smirnova, E. (2016). The Power of Gold: An Initial Look at Trading Strategies Using Gold-based ETFs and ETNs 2009-2014. Global Economy and Finance Journal, 9(1): 1-10.
• Benrud, E., and Benediktsson, R. (2015). Assessing the Efficiency of the Indonesian Stock Market. International Review of Business Research, 11(2): 158-169.
• Benrud, E. (2015). Managing Business Environments in Tier 1 and Tier 2 Cities in China: Implications for Tax Revenue and Total Investment. US-China Law Review, 12: 276-294.
• Benrud, E. (2013). Was There an Option-listing Effect for the IRX Options? Applied Economics Letters, 20(5): 485-488.
• Benrud, E., and Chang, B. (2011). A New Decision for Hedge Fund Managers: Longer Lockups for Lower Fees. Financial Decisions.
• Benrud, E. (2011). A Model of Interest-Rate and Loan Covenant Competition. Journal of Modern Accounting and Auditing.
• Benrud, E., and Smirnova, E. (2010). The Option-Listing Effect and Depositary Receipts: Is it Different from that of Domestic Stocks? Banking and Finance Review, 2(2): 21-35.
• Benrud, E. (2010). Trends in Preferences in the Market for Alternative Investments. American Journal of Economics and Business Administration, 2(3): 323-329.
• Benrud, E. (2010). An Early Look at the Deutsche Bank Alternative Investment Survey, 2002–2009. The Journal of Alternative Investments, 13(1): 72-78.
• Benrud, E. (2009). Competition Between High and Low Accuracy Trading Platforms. Journal of Trading, 4(2): 79-85.
• Benrud, E. (2008), Predicting Volatility Using Forecast Dispersion: a Model and a Comparison to Option-Implied Volatility. International Economics & Finance Journal, 3(1): 123-140.
• Benrud, E. (2007). A Market Model of Analysts’ Opinions to Explain Changes in the Dispersion of Opinions. Journal of Economics and Finance, 31(2): 143–165.
• Benrud, E. (2005). Is Fed Policy Still Relevant for Investors?: a Comment. Financial Analysts Journal, 61(3): 18.
• Benrud, E. (2003). Competition Between Low and High Quality Products in the Financial Services Market. Journal of Financial Services Research, 23(2): 133–147.
• Benrud, E. (2002). Challenges of Existing in a Market as a Small, Low-quality Producer. Small Business Economics Journal, 18(4): 269–280.
• Benrud, E. (2001). The Relationship between the Level and Dispersion of Stock Analysts’ Opinions. Applied Economics Letters, 8(5): 347-350.
• Benrud, E. (2001). Useful Properties of Exchange Rate Forecasts for Risk Management and Derivative Pricing. Thunderbird International Business Review, 43(3): 451-468.