James VanHorne

Research Statement

Professor VanHorne has focused his research on issues in corporate finance, valuation, and on the term structure of interest rates. His some 60 articles in finance, economic, and management journals often involve empirical inquiry. He is the author of five books, three of which — "Financial Management and Policy," 12th edition; "Financial Market Rates and Flows," 6th edition; and "Fundamentals of Financial Management," 12th edition, (coauthor) — have been widely used as texts in the U.S.A. and abroad. In addition, he has written 24 cases used in MBA courses in the school..

Bio

James VanHorne is the A.P. Giannini Professor of Finance, Emeritus, having come to Stanford in 1965. He has taught MBA courses in corporate finance, mergers and acquisitions, corporate restructuring, money & capital markets, fixed-income securities, and government and nonprofit debt financing. He was the first recipient of the distinguished teaching award by MBA students, and recipient again in 1997. He is the past president of the American Finance Association and of the Western Finance Association, and has been an active member of the Financial Economists Roundtable. He also has served as Associate Editor of several leading finance journals.

He received his BA from DePauw University and MBA and PhD degrees from Northwestern University. In the mid-1970s he served as Deputy Assistant Secretary of the U.S. Treasury, and has served on several Federal and State of California commissions and advisory groups. VanHorne has served on seven corporate boards and four nonprofit boards.  His research involves such things as capital budgeting, the effect of inflation, interest rate theory and behavior, corporate finance, and financial innovation.

Academic Degrees

• DSci (Hon.), DePauw University, 1986
• PhD, Northwestern University, 1964
• MBA, Northwestern University, 1961
• AB, DePauw University, 1957

Academic Appointments

• At Stanford University since 1965
• Associate Dean for Academic Affairs, Stanford GSB, 1976-1980
• Associate Dean for Academic Affairs, Stanford GSB, 1973-1975
• Director, Stanford MBA Program, Stanford GSB, 1970-1973
• Assistant Professor, Michigan State University, 1964-1965

Professional Experience

• Deputy Assistant Secretary, U.S. Treasury, 1975-1976
• Commercial Lending Representative, Continental Illinois National Bank and Trust Company of Chicago, 1958-1962

Awards and Honors

• Sloan Teaching Excellence Award, Stanford GSB, 1997
• MBA Distinguished Teaching Award, Stanford GSB, 1997
• MBA Distinguished Teaching Award, (first recipient), Stanford GSB, 1982
• Davis Faculty Award for Lifetime Achievement, Stanford GSB, 1998.
• Fellow of the American Finance Asociation, 2000

Teaching

Other Teaching

Financial Management Program

Mergers and Acquisitions

Stanford Executive Program

In the Media

Investors Advised to Stay Out of Hedge Fund

The Times, December 21, 2005

Steep Drop in Triple-A Ratings

San Francisco Chronicle, April 2, 2002

Inflation Signals Are Mixed: Retail Sales Climb Higher than Expected

San Francisco Chronicle, August 15, 2000

These Are Your Father's Muni Guys: Industry Shows Its Age

The Bond Buyer, July 1, 1999

Insights by Stanford Business

writtenJames Van Horne: Shedding Light on Dubious Accounting

May 1, 2002

The Stanford GSB professor says earnings statements have declined in relevance since companies tweak them to make themselves look more profitable.