Robert Goldstein

Robert Goldstein

Professor, C Arthur Williams Jr/ Minnesota Insurance Industry Chair

Finance

Education

BS 1985
Physics University of Illinois, UrbanaChampaign

MS 1987
Physics Simon Fraser University, British Columbia

PhD 1992
Physics University of Illinois, UrbanaChampaign

PhD 1996
Finance University of California, Berkeley

Expertise

Robert Goldstein earned a PhD in finance from the University of California, Berkeley in 1996 and a PhD in physics from the University of Illinois, Urbana Champaign in 1992. Prior to the Carlson School, he served as an associate professor at Washington University, St. Louis and an assistant professor at Ohio State University.  His areas of interest include the term structure of interest rates, credit risk, capital structure theory, and general equilibrium. He serves on the editorial board of the Journal of Financial and Quantitative Analysis and the Journal of Investment Management. He has been published in Econometrica, the Journal of Finance, the Review of Financial Studies, and the Journal of Business.

Selected Works

"Identification of Maximal Affine Term Structure Models," Pierre CollinDufresne, Robert Goldstein, and Christopher Jones, Journal of Finance (forthcoming).

"Portfolio Choice over the Life Cycle when the Stock and Labor Markets are Cointegrated," Luca Benzoni, Pierre CollinDufresne, and Robert Goldstein, Journal of Finance (forthcoming).

"A General Formula for Valuing Defaultable Securities," Pierre CollinDufresne, Robert Goldstein, and Julien Hugonnier, Econometrica (2004).

"Do Bonds Span the Fixed Income Markets? Theory and Evidence for Unspanned Stochastic Volatility," Pierre CollinDufresne and Robert Goldstein, Journal of Finance (2002).

"Do Credit Spreads Reflect Stationary Leverage Ratios?" Pierre CollinDufresne and Robert Goldstein, Journal of Finance (2001). (This article was nominated for the Smith Breeden Award.)

"An EBITBased Model of Dynamic Capital Structure," Robert Goldstein, Nengjiu Ju, and Hayne Leland, Journal of Business (2001).

"The Determinants of Credit Spread Changes," Pierre CollinDufresne, Robert Goldstein, and J. Spencer Martin, Journal of Finance (2001). (This article was nominated for the Smith Breeden Award.)

"The Term Structure of Interest Rates as a Random Field," Robert Goldstein, Review of Financial Studies (2000).

Current Activities

Editorial Appointments

Journal of Financial and Quantitative Analysis, 2003present

Journal of Investment Management, 2004present

Financial Analysts Journal, 200203

Scholarly Service

National Bureau of Economic Research Associate, 2005present