- Dr. Ali Nejadmalayeri, Professor of Finance at the University of Wyoming College of Business, and
William Campbell, Lecturer in
Finance at the Wilbur O. and Ann Powers
College of Business at Clemson
University, named grant recipients
- Sponsored by MSCI, the grant will fund research on inflation
and its impact on the markets
CHICAGO, Aug. 10,
2023 /PRNewswire/ -- Cboe Global Markets, Inc.
(Cboe: CBOE), the world's leading derivatives and securities
exchange network, today announced Dr. Ali Nejadmalayeri, Professor
of Finance at the University of Wyoming
College of Business, and William
Campbell, Lecturer in Finance at the Wilbur O. and
Ann Powers College of Business at
Clemson University, as the winners of
the Options Institute MSCI Inflation Research Grant, which is
focused on advancing understanding of inflation and its measurable
impact on the markets.
The Options Institute Research Grant
Program aims to support research that helps catalyze
the advancement of derivatives usage and financial exchange
marketplace structures. The program, which welcomed its first class
of research grant recipients this year, is part of Cboe's goal to
operate an inclusive global marketplace that helps all market
participants better understand financial products, market data and
trading strategies.
As the recipients of this grant, sponsored by MSCI, the research
by Dr. Nejadmalayeri and Mr. Campbell will demonstrate how the
term structure of returns and volatilities in stocks and options
are affected by inflation and establish inflation-related patterns
in the cross-section of firms' equity values. In doing so, the
study will examine how paying dividends, European- versus
American-style options, and put optionality influence the inflation
effect. The research will seek to motivate tradable strategies
along moneyness and maturity of options based on inflationary
expectations. As the winners of the grant, Dr.
Nejadmalayeri and Mr. Campbell may claim Cboe data sets valued
up to $35,0001, in support
of their research efforts.
Dr. Nejadmalayeri is the John A. Guthrie Endowed Chair in
Banking and Financial Services and a Professor of Finance at the
University of Wyoming College of
Business. His primary research interests are corporate and
municipal bonds, taxation and real estate. He also teaches an array
of undergraduate and graduate finance courses on topics including
bank management, markets and institutions, portfolio management,
investment theory, and corporate finance. Dr. Nejadmalayeri holds a
Ph.D. in Finance from the University of
Arizona, an M.B.A. from Texas A&M
University, and a B.Sc. in Electrical Engineering from the
University of Tehran.
Mr. Campbell has three decades of experience as a risk manager,
trader and consultant to the financial industry. In addition to his
consulting work, he is a full-time university lecturer in economics
and finance, including as a lecturer in finance at the Wilbur O.
and Ann Powers College of Business
at Clemson University and an adjunct
lecturer at the College of ACES at the University of Illinois – Urbana-Champaign, and has earned multiple
recognitions at both the undergraduate and graduate levels. Mr.
Campbell's research spans topics from market microstructure to the
impact of macroeconomic policy on the financial condition of rural
populations. Mr. Campbell also speaks to industry and community
groups on financial topics. He earned his degrees at the
University of Illinois and Eastern Illinois University.
"We are thrilled to announce Dr. Ali Nejadmalayeri and Mr.
Campbell as the recipients of the Options Institute MSCI Inflation
Research Grant," said Gina DeRaimo,
Head of The Options Institute at Cboe. "Their research is
incredibly timely in today's market environment, and we look
forward to seeing how it will translate into practical investment
and trading insights to help investors better understand and manage
the impact of inflation on their portfolios."
"Today's inflationary environment continues to be challenging
for investors, and more studies and data in this area could help
market participants make better-informed investment decisions to
navigate the markets," said Hitendra
Varsani, Managing Director and Global Head Derivatives
Solutions Research at MSCI. "We firmly believe in the value of
investor education and are pleased to join forces with Cboe to
support essential academic research that could benefit many
investors."
Cboe has been providing best-in-class investor education through
the Options Institute, teaching the responsible use of options and
trading strategies for more than 35 years. To learn more, visit
www.cboe.com/optionsinstitute.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), the world's leading
derivatives and securities exchange network, delivers cutting-edge
trading, clearing and investment solutions to people around the
world. Cboe provides trading solutions and products in multiple
asset classes, including equities, derivatives, FX, and digital
assets, across North America,
Europe and Asia Pacific. Above all, we are committed to
building a trusted, inclusive global marketplace that enables
people to pursue a sustainable financial future. To learn more
about the Exchange for the World Stage, visit www.cboe.com.
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