Richard Stanton

University of California, Berkeley - Finance Group

Associate Professor

Haas School of Business

545 Student Services Building #1900

Berkeley, CA 94720-1900

United States

SCHOLARLY PAPERS

30

DOWNLOADS
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Top 4,321

in Total Papers Downloads

7,645

CITATIONS
Rank 2,128

SSRN RANKINGS

Top 2,128

in Total Papers Citations

262

Scholarly Papers (30)

1.

The Assumptions and Math Behind Wacc and Apv Calculations

Number of pages: 19 Posted: 05 Nov 2005 Last Revised: 24 Nov 2008
Richard Stanton and Mark S. Seasholes
University of California, Berkeley - Finance Group and Hong Kong University of Science & Technology (HKUST)
Downloads 2,242 (3,825)
Citation 4

Abstract:

WACC, APV, Cost of Capital

2.
Downloads 643 ( 32,029)
Citation 32

A Liquidity-Based Theory of Closed-End Funds

EFA 2006 Zurich Meetings, Sixteenth Annual Utah Winter Finance Conference
Number of pages: 50 Posted: 24 Mar 2005
Martin Cherkes, Richard Stanton and Jacob S. Sagi
NYU, University of California, Berkeley - Finance Group and University of North Carolina Kenan-Flagler Business School
Downloads 643 (31,534)
Citation 32

Abstract:

theory of closed-end funds

A Liquidity-Based Theory of Closed-End Funds

The Review of Financial Studies, Vol. 22, Issue 1, pp. 257-297, 2009
Posted: 03 Jan 2009
Martin Cherkes, Jacob S. Sagi and Richard Stanton
NYU, University of North Carolina Kenan-Flagler Business School and University of California, Berkeley - Finance Group

Abstract:

G14

A Multifactor, Nonlinear, Continuous-Time Model of Interest Rate Volatility

Number of pages: 43 Posted: 13 Aug 1999
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, University of California, Berkeley - Finance Group, New York University (NYU) - Department of Finance and New York University
Downloads 553 (38,618)
Citation 6

Abstract:

A Multifactor, Nonlinear, Continuous-Time Model of Interest Rate Volatility

NBER Working Paper No. w7213
Number of pages: 44 Posted: 08 Jul 2000
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University
Downloads 40 (362,738)
Citation 6

Abstract:

A Multifactor, Nonlinear, Continuous-Time Model of Interest Rate Volatility

NYU Working Paper No. FIN-99-042
Number of pages: 43 Posted: 11 Nov 2008
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University
Downloads 32 (393,925)
Citation 6

Abstract:

MaxVaR: Long Horizon Value at Risk in a Mark-to-Market Environment

Number of pages: 9 Posted: 26 Mar 2004
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, University of California, Berkeley - Finance Group, New York University (NYU) - Department of Finance and New York University
Downloads 583 (35,982)
Citation 2

Abstract:

Value at risk, drawdown risk, long horizon risk

MaxVaR - Long Horizon Value at Risk in a Mark-to-Market Environment

Journal of Investment Management, Vol. 2, No. 3, Third Quarter 2004
Posted: 16 Sep 2004
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University

Abstract:

5.

An Empirical Test of a Two-Factor Mortgage Valuation Model: How Much Do House Prices Matter?

FEDS Working Paper No. 2003-42
Number of pages: 40 Posted: 17 Oct 2003
Chris Downing, Richard Stanton and Nancy Wallace
BlackRock, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 516 (41,147)
Citation 25

Abstract:

Prepayment, default, mortgage, valuation, house price, transaction cost, heterogeneity

6.

Mortgage Choice: What's the Point?

Number of pages: 30 Posted: 12 Jul 1995
Richard Stanton and Nancy Wallace
University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 447 (49,187)
Citation 36

Abstract:

7.

The Bear's Lair: Indexed Credit Default Swaps and the Subprime Mortgage Crisis

Number of pages: 29 Posted: 16 Jul 2009
Richard Stanton and Nancy Wallace
University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 340 (67,150)
Citation 12

Abstract:

ABX.HE, credit default swaps, subprime crisis, limits to arbitrage

Optimal Exercise of Executive Stock Options and Implications for Firm Cost

Number of pages: 38 Posted: 13 Dec 2007 Last Revised: 10 Jan 2008
Jennifer N. Carpenter, Richard Stanton and Nancy Wallace
New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 212 (117,568)
Citation 17

Abstract:

Employee stock option, risk aversion, option exercise

Optimal Exercise of Executive Stock Options and Implications for Firm Cost

NYU Working Paper No. FIN-07-024
Number of pages: 38 Posted: 03 Nov 2008
Richard Stanton, Nancy Wallace and Jennifer N. Carpenter
University of California, Berkeley - Finance Group, University of California, Berkeley - Real Estate Group and New York University (NYU) - Department of Finance
Downloads 70 (277,416)
Citation 17

Abstract:

Optimal Exercise of Executive Stock Options and Implications for Firm Cost

NYU Working Paper No. FIN-06-042
Number of pages: 26 Posted: 03 Nov 2008
Jennifer N. Carpenter, Richard Stanton and Nancy Wallace
New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 43 (352,301)
Citation 17

Abstract:

Estimation of Employee Stock Option Exercise Rates and Firm Cost

NYU Working Paper No. 2451/31455
Number of pages: 30 Posted: 09 Mar 2009
Jennifer N. Carpenter, Richard Stanton and Nancy Wallace
New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 157 (155,316)
Citation 3

Abstract:

Estimation of Employee Stock Option Exercise Rates and Firm Cost

NYU Working Paper No. 2451/31455
Number of pages: 30 Posted: 08 Feb 2010
Jennifer N. Carpenter, Richard Stanton and Nancy Wallace
New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 137 (174,279)
Citation 3

Abstract:

10.

All in One Basket: The Bankruptcy Risk of a National Agent-Based Mortgage Recording System

46 U.C. Davis L. Rev. 1 (2013)
Number of pages: 52 Posted: 15 Aug 2011 Last Revised: 19 Feb 2013
John P. Hunt, Richard Stanton and Nancy Wallace
University of California, Davis - School of Law, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 266 (89,475)

Abstract:

Mortgage-backed securities, MBS, Special Purpose Vehicle, SPV, bankruptcy remoteness, MERS, Article 9

11.

Rebalancing Public and Private in the Law of Mortgage Transfer

UC Davis Legal Studies Research Paper No. 327
Number of pages: 54 Posted: 25 Jul 2012 Last Revised: 08 Jul 2013
John P. Hunt, Richard Stanton and Nancy Wallace
University of California, Davis - School of Law, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 203 (117,947)

Abstract:

foreclosure, foreclosure litigation, MERS, securitization, mortgages, mortgage securitization, U.C.C., commercial law, mortgage transfer

Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach

NYU Working Paper No. FIN-94-018
Number of pages: 48 Posted: 11 Nov 2008
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University
Downloads 93 (232,675)
Citation 23

Abstract:

Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach

NYU Working Paper No. FIN-95-013
Number of pages: 52 Posted: 11 Nov 2008
Jacob Boudoukh, Richard Stanton and Robert Whitelaw
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, University of California, Berkeley - Finance Group and New York University
Downloads 43 (352,301)
Citation 23

Abstract:

Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach

Posted: 21 Apr 1995
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University

Abstract:

Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach

REVIEW OF FINANCIAL STUDIES, Vol. 10, No. 2
Posted: 02 Apr 1997
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University

Abstract:

13.

The Term Structure in an Exchange Economy with Two Trees

Number of pages: 35 Posted: 23 Jan 2009 Last Revised: 22 Mar 2011
Christine A. Parlour, Richard Stanton and Johan Walden
University of California, Berkeley - Finance Group, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 120 (180,191)
Citation 1

Abstract:

Term structure, yield curve, risk-free rate puzzle, two trees, Lucas model, asset pricing

14.

Human Capital, Bankruptcy and Capital Structure

NBER Working Paper No. w13014
Number of pages: 39 Posted: 06 Apr 2007
Jonathan Berk, Richard Stanton and Josef Zechner
Stanford Graduate School of Business, University of California, Berkeley - Finance Group and Vienna University of Economics and Business
Downloads 116 (197,801)
Citation 47

Abstract:

A New Strategy for Dynamically Hedging Mortgage-Backed Securities

NYU Working Paper No. FIN-94-019
Number of pages: 34 Posted: 11 Nov 2008
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University
Downloads 105 (213,787)
Citation 4

Abstract:

A New Strategy for Dynamically Hedging Mortgage-Backed Securities

Posted: 28 Apr 1998
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University

Abstract:

16.

Estimation of Employee Stock Option Exercise Rates and Firm Cost: Methodology

NYU Working Paper No. FIN-06-043
Number of pages: 26 Posted: 03 Nov 2008
Jennifer N. Carpenter, Richard Stanton and Nancy Wallace
New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 88 (237,675)
Citation 3

Abstract:

17.

Optimal Exercise of Executive Stock Options and Implications for Valuation

NYU Working Paper No. FIN-05-047
Number of pages: 22 Posted: 03 Nov 2008
Jennifer N. Carpenter, Richard Stanton and Nancy Wallace
New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 72 (266,030)
Citation 22

Abstract:

18.

A Rational Model of the Closed-End Fund Discount

NBER Working Paper No. w10412
Number of pages: 30 Posted: 20 Apr 2004
Jonathan Berk and Richard Stanton
Stanford Graduate School of Business and University of California, Berkeley - Finance Group
Downloads 68 (257,764)
Citation 9

Abstract:

19.

The Valuation of Mutual Fund Contracts

NYU Working Paper No. SC-AM-03-09
Number of pages: 48 Posted: 04 Nov 2008
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, New York University (NYU) - Department of Finance, University of California, Berkeley - Finance Group and New York University
Downloads 56 (302,597)
Citation 1

Abstract:

20.

An Empirical Test of a Contingent Claims Lease Valuation Model

Journal of Real Estate Research (JRER), Vol. 31, No. 1, 2008
Number of pages: 26 Posted: 24 Jan 2008 Last Revised: 16 Oct 2009
Richard Stanton and Nancy Wallace
University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 43 (315,942)
Citation 6

Abstract:

21.

CMBS Subordination, Ratings Inflation, and the Crisis of 2007-2009

NBER Working Paper No. w16206
Number of pages: 51 Posted: 26 Jul 2010
Richard Stanton and Nancy Wallace
University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group
Downloads 28 (358,974)
Citation 8

Abstract:

22.

The Industrial Organization of the US Residential Mortgage Market

Annual Review of Financial Economics, Vol. 6, pp. 259-288, 2014
Posted: 25 Nov 2014
Richard Stanton, Johan Walden and Nancy Wallace
University of California, Berkeley - Finance Group, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group

Abstract:

23.

Evidence on Simulation Inference for Near Unit-Root Processes with Implications for Term Structure Estimation

Journal of Financial Econometrics, Vol. 6, Issue 1, pp. 108-142, 2008
Posted: 10 Jul 2008
Gregory R. Duffee and Richard Stanton
Johns Hopkins and University of California, Berkeley - Finance Group

Abstract:

AR process, unit root, EMM, indirect inference

24.

Anatomy of an ARM: The Interest Rate Risk of Adjustable Rate Mortgages

Journal of Real Estate Finance and Economics
Posted: 06 Dec 1998
Richard Stanton and Nancy Wallace
University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group

Abstract:

25.

A Nonparametric Model of Term Structure Dynamics and the Market Price of Interest Rate Risk

Posted: 23 Aug 1998
Richard Stanton
University of California, Berkeley - Finance Group

Abstract:

26.

New Strategy for Dynamically Hedging Mortgage-Backed Securities

JOURNAL OF DERIVATIVES, Vol 2 No 4
Posted: 25 May 1998
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, University of California, Berkeley - Finance Group, New York University (NYU) - Department of Finance and New York University

Abstract:

27.

From Cradle to Grave: How to Loot a 401(k) Plan

Posted: 30 Apr 1998
Richard Stanton
University of California, Berkeley - Finance Group

Abstract:

28.

Rational Prepayment and the Valuation of Mortgage-Backed Securities

THE REVIEW OF FINANCIAL STUDIES, Vol. 8 No. 3, 1995
Posted: 18 Apr 1998
Richard Stanton
University of California, Berkeley - Finance Group

Abstract:

29.

ARM Wrestling: Valuing Adjustable Rate Mortgages Indexed to the Eleventh District Cost of Funds

JOURNAL OF THE AMERICAN REAL ESTATE AND URBAN ECONOMICS ASSOCIATION, 1995
Posted: 23 Jan 1995
Richard Stanton and Nancy Wallace
University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group

Abstract:

Unobservable Heterogeneity and Rational Learning: Pool Specific vs. Generic Mortgage-Backed Security Prices

J. OF REAL ESTATE FINANCE AND ECONOMICS, Vol. 12 No. 3
Posted: 26 Jul 1996
Richard Stanton
University of California, Berkeley - Finance Group

Abstract:

Unobservable Heterogeneity and Rational Learning: Pool Specific vs. Generic Mortgage-Backed Security Prices

Posted: 13 Jan 1995
Richard Stanton
University of California, Berkeley - Finance Group

Abstract:

Other Papers (1)

Total Downloads: 69    Citations: 0
1.

The Long-Term Discount Rate

EFA 2009 Bergen Meetings Paper
Number of pages: 34 Posted: 19 Feb 2009 Last Revised: 14 Jul 2009
Christine A. Parlour, Richard Stanton and Johan Walden
University of California, Berkeley - Finance Group, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 69

Abstract:

Term structure, yield curve, risk-free rate puzzle, two trees, Lucas model, asset pricing