Richard Priestley

Prof. Priestley's research interests cover the areas of asset pricing, dividend policy, and international financial markets. His research has been published in the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Business, Economic Journal, Journal of Financial and Quantitative Analysis, Journal of Empirical Finance, Journal of International Money and Finance, and Economics Letters, amongst others.

ACADEMIC DEGREES

1995 Brunel University Ph.D.

WORK EXPERIENCE

• 2000 - Present BI Norwegian Business School Professor
• 2007 - 2013 Manchester Business School Visiting Professor
• 1997 - 2000 BI Norwegian Business School Associate Professor
• 1994 - 1997 Brunel University Lecturer

CONFERENCE PAPERS

Atanasov, Victoria; Cooper, Ilan; Priestley, Richard; Zhong, Junhua. 

The factor structure of time-varying discount rates. European Finance Association annual meeting; 2016-08-17 - 2016-08-20 BI

Atanasov, Victoria; Cooper, Ilan; Priestley, Richard; Zhong, Junhua. 

The factor structure of time-varying discount rates. 2016 SFS Finance Cavalcade; 2016-05-15 - 2016-05-18 BI

Cooper, Ilan; Priestley, Richard. 

The Expected Returns and Valuations of Private and Public Firms. Seminar at IE Business School; 2014-11-14 - 2014-11-14 BI

Priestley, Richard. 

Relative wealth concerns and the cross-section of stock returns. The 2009 Winter Conference on Business Intelligence; 2009-02-26 - 2009-02-28 BI

Priestley, Richard. 

Asset Pricing Implications of Relative Wealth Concerns. 35TH EFA Annual Meeting; 2008-08-27 - 2008-08-30 BI

Priestley, Richard. 

Real Investment and Stock Returns. 35th EFA Annual Meeting; 2008-08-27 - 2008-08-30 BI

SCIENTIFIC ARTICLES

Cooper, Ilan; Priestley, Richard. 

The expected returns and valuations of private and public firms. Journal of Financial Economics 2016 ;Volume 120.(1) p. 41-57 BI

Gomez, Juan Pedro; Priestley, Richard; Zapatero, Fernando. 

Labor Income, Relative Wealth Concerns and the Cross Section of Stock Returns. Journal of Financial and Quantitative Analysis 2016 ;Volume 51.(4) p. 1111-1133 BI

Cooper, Ilan; Priestley, Richard. 

The World Business Cycle and Expected Returns. Review of Finance 2013 ;Volume 17.(3) p. 1029-1064 BI

Agarwal, Vikas; Gómez, Juan-Pedro; Priestley, Richard. 

Management compensation and market timing under portfolio constraints. Journal of Economic Dynamics and Control 2012 ;Volume 36.(10) p. 1600-1625 BI

Chen, Long; Da, Zhi; Priestley, Richard. 

Dividend Smoothing and Predictability. Management science 2012 ;Volume 58.(10) p. 1834-1853 BI

Garrett, I.; Priestley, Richard. 

Dividend Growth, Cash Flow and Discount Rate News. Journal of financial and quantitative analysis 2012 ;Volume 47.(5) p. 1003-1028 BI

Cooper, Ilan; Priestley, Richard. 

Real Investment and Risk Dynamics. Journal of Financial Economics 2011 ;Volume 101.(1) p. 182-205 BI

Gómez, Juan-Pedro; Priestley, Richard; Zapatero, Fernando. 

Implications of Keeping-Up-with-the-Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence. Journal of Finance 2009 ;Volume 64.(6) p. 2703-273 BI

Priestley, Richard; Cooper, Ilan. 

Time-Varying Risk Premiums and the Output Gap. The Review of financial studies 2009 ;Volume 22.(7) p. 2801-2833 BI

Hardouvelis, G.A.; Malliaropulos, D.; Priestley, Richard. 

The impact of the EMU on the equity cost of capital. Journal of International Money and Finance 2007 ;Volume 26.(2) p. 305-327 BI

Priestley, Richard; Ødegaard, Bernt Arne. 

Linear and Nonlinear exchange rate exposure. Journal of International Money and Finance 2007 ;Volume 26. p. 1016-1037 BI

Hardouvelis, G.A.; Malliaropulos, D.; Priestley, Richard. 

EMU and European stock market integration. The journal of business 2006 ;Volume 79.(1) p. 365-392 BI

Barr, David G.; Priestley, Richard. 

Expected returns, risk, and the integration of international bond markets. Journal of International Money and Finance 2004 ;Volume 23.(1) p. 71-97 BI

Priestley, Richard; Ødegaard, Bernt Arne. 

Exchange rate regimes and the price of exchange rate risk. Economics Letters 2004 ;Volume 82. p. 181-188 BI

Priestley, Richard. 

Calculating the Probability of Failure of the Norwegian Banking Sector. Journal of Multinational Financial Management 2002 ;Volume 12.(1) p. 21-40 BI

Priestley, Richard. 

Time-varying persistence in expected returns. Journal of Banking & Finance 2001 ;Volume 25.(7) p. 1271-1286 BI

Antoniou, A.; Barr, D.G.; Priestley, Richard. 

Abnormal Stock Returns and Public Policy: The Case of the UK Privatised Electricity and Water Utilities. International journal of finance and economics 2000 ;Volume 5. p. 93-106 BI

Clare, A.D.; Oozer, M.C.; Priestley, Richard; Thomas, S.H.. 

Modeling the Risk Premium on Eurodollar Bonds. Journal of Fixed Income 2000 ;Volume 9.(March) p. 61-73 BI

Garrett, I.; Priestley, Richard. 

Dividend Behaviour and Dividend Signaling. Journal of financial and quantitative analysis 2000 ;Volume 35.(2) p. 173-189 BI

Miffre, J.; Priestley, Richard. 

Sources of Systematic Risk in Futures and Spot Markets: A Study of Market Integration. Journal of Business Finance & Accounting 2000 ;Volume 27.(7/8) p. 933-952 BI

Priestley, Richard; Malliaropulos, D.. 

Mean Reversion in S.E. Asian Stock Markets. Journal of Empirical Finance 1999 ;Volume 6.(4) p. 355-384 BI

Clare, Andrew; Priestley, Richard. 

Evidence in support of the CAPM from three South East Asian stock markets. Ekonomia 1998 ;Volume 2.(2) p. 145-154 BI

Priestley, Richard; Antoniou, A.; Garrett, I.. 

Calculating the Equity Cost of Capital Using the APT: The Impact of the ERM. Journal of International Money and Finance 1998 ;Volume 17.(6) p. 949-966 BI

Priestley, Richard; Antoniou, A.; Garrett, I.. 

Macroeconomic Variables as Common Pervaise Risk Factors and the Empirical Content of the Arbitrage Pricing Theory. Journal of Empirical Finance 1998 ;Volume 5.(3) p. 221-240 BI

Priestley, Richard; Antoniou, A.; Holmes, P.. 

The Effects of Stock Index Futures Trading on Stock Index Volatility: An Analysis of the Asymmetric Response of Volatility to News. Journal of futures markets 1998 ;Volume 18.(2) p. 151-166 BI

Priestley, Richard; Clare, A.. 

Risk Factors in the Malaysian Stock Market. Pacific-Basin Finance Journal 1998 ;Volume 6.(1-2) p. 103-114 BI

Priestley, Richard; Clare, A.; Thomas, S.. 

Reports of Beta's Death are Premature: Evidence from the UK. Journal of Banking & Finance 1998 ;Volume 22.(9) p. 1207-1229 BI

RESEARCH REPORTS

Bøhren, Øyvind; Priestley, Richard; Cooper, Ilan. 

Real investment, economic efficiency, and managerial entrenchment. Oslo: Handelshøyskolen BI 2009 30 p. BI

Bøhren, Øyvind; Priestley, Richard; Ødegaard, Bernt Arne. 

Investor short-termism and firm value. Oslo: Handelshøyskolen BI 2009 23 p. BI UIS

Bøhren, Øyvind; Priestley, Richard; Ødegaard, Bernt Arne. 

The duration of equity ownership at the Oslo Stock Exchange 1989-1999. Oslo: Handelshøyskolen BI 2006 430 p. (2) BI