教授簡介
何華博士，長江商學院金融實踐教授，並擔任中國國際金融有限公司資本市場業務委員會執行主席。
之前，他是野村國際（香港）有限公司董事總經理，曾經擔任中國區股票業務主管、亞洲地區債券研究部主管，及亞洲地區股票研究部主管。在野村國際併購雷曼之前，何華博士曾在雷曼兄弟公司日本和香港的總部工作了八年，任亞洲地區固定收益和股票研究部的主管。早期，何華博士還曾在所羅門兄弟公司和CAM對沖基金任高層職位。
何華博士畢業於美國麻省理工大學，擁有金融學博士學位；並曾是加州大學伯克利分校和耶魯大學的金融學終身教授。
學術成就
•Alfred P. Sloan Research Fellowship (Economics), 1993-1995
•Batterymarch Fellowship, 1992-1993
•Best Paper Award (First Prize) for “Consumption and Portfolio Policies with Incomplete Markets and Short-sale Constraints: The Finite Dimensional Case”, Mathematical Finance, Volume 1, 1991.
•Visiting Lectureship from the Royal Economic Society (UK), 1993-1994
主要學術成果
Academic Papers
“Optimal Dynamic Trading Strategies with Risk Limits”, joint with Domenico Cuoco and Sergei Isaenko, Operations Research, Volume 56, Number 2, pp358-368, 2008
“Dynamic Trading Policies with Price Impact”, joint with Harry Mamaysky, Journal of Economic Dynamics & Control, Volume 29, pp891-930, 2005
“Dynamic Aggregation and Computation of Equilibria in Finite-Dimensional Economies with Incomplete Financial Markets”, joint with Domenico Cuoco, Annals of Economics and Finance, Volume 2, pp265-296, 2001
“A Variable Reduction Technique for Average-Rate Options”, joint with Akihiko Takahashi, International Review of Finance, Volume 1, Number 2, pp123-142, 2000
“Double Lookbacks”, joint with William Keirstead and Joachim Rebholz, Mathematical Finance, Volume 8, Number 3, pp201-228, 1998
“Differential Information and Dynamic Behavior of Stock Trading Volume”, joint with Jiang Wang, Review of Financial Studies, Volume 8, Number 4, pp919–972, 1995
“Market Frictions and Consumption-Based Capital Asset Pricing”, joint with David Modest, Journal of Political Economy, Volume 103, pp94–117, 1995.
“Consumption-Portfolio Policies: An Inverse Optimal Problem”, joint with Chi-fu Huang, Journal of Economic Theory, Volume 62, No 2., pp257-293, 1994
“Labor Income, Borrowing Constraints, and Equilibrium Asset Prices”, joint with Henri Pag´es, Economic Theory, Volume 3, pp663-696, 1993.
“On Equilibrium Asset Price Processes”, joint with Hayne Leland, Review of Financial Studies, Volume 6, pp593-617, 1993.
“Investments in Flexible Production Capacity”, joint with Robert Pindyck, Journal of Economic Dynamics and Control, Volume 16, pp575–599, July, 1992.
“Consumption and Portfolio Policies with Incomplete Markets and Short-sale Constraints: The Infinite Dimensional Case”, joint with Neil Pearson, Journal of Economic Theory, Volume 54, Number 2, pp259–304, 1991.
“Consumption and Portfolio Policies with Incomplete Markets and Short-sale Constraints: The Finite Dimensional Case”, joint with Neil Pearson, Mathematical Finance, Volume 1, Number 3, pp1–10, 1991.
“Optimal Consumption and Portfolio Policies: a Convergence from Discrete- to Continuous-Time Models”, Journal of Economic Theory, Volume 55, Number 2, pp340–363, 1991.
“Convergence from Discrete- to Continuous-Time Contingent Claims Prices”, Review of Financial Studies, Volume 3, Number 4, pp523–546, 1990.
1.“Optimal Dynamic Trading Strategies with Risk Limits”, joint with Domenico Cuoco and Sergei Isaenko, Operations Research, Volume 56, Number 2, pp358-368, 2008
2.“Dynamic Trading Policies with Price Impact”, joint with Harry Mamaysky, Journal of Economic Dynamics & Control, Volume 29, pp891-930, 2005
3.“Dynamic Aggregation and Computation of Equilibria in Finite-Dimensional Economies with Incomplete Financial Markets”, joint with Domenico Cuoco, Annals of Economics and Finance, Volume 2, pp265-296, 2001
4.“A Variable Reduction Technique for Average-Rate Options”, joint with Akihiko Takahashi, International Review of Finance, Volume 1, Number 2, pp123-142, 2000
5.“Double Lookbacks”, joint with William Keirstead and Joachim Rebholz, Mathematical Finance, Volume 8, Number 3, pp201-228, 1998
6.“Differential Information and Dynamic Behavior of Stock Trading Volume”, joint with Jiang Wang, Review of Financial Studies, Volume 8, Number 4, pp919–972, 1995
7.“Market Frictions and Consumption-Based Capital Asset Pricing”, joint with David Modest, Journal of Political Economy, Volume 103, pp94–117, 1995.
8.“Consumption-Portfolio Policies: An Inverse Optimal Problem”, joint with Chi-fu Huang, Journal of Economic Theory, Volume 62, No 2., pp257-293, 1994
9.“Labor Income, Borrowing Constraints, and Equilibrium Asset Prices”, joint with Henri Pag´es, Economic Theory, Volume 3, pp663-696, 1993.
10.“On Equilibrium Asset Price Processes”, joint with Hayne Leland, Review of Financial Studies, Volume 6, pp593-617, 1993.
11.“Investments in Flexible Production Capacity”, joint with Robert Pindyck, Journal of Economic Dynamics and Control, Volume 16, pp575–599, July, 1992.
12.“Consumption and Portfolio Policies with Incomplete Markets and Short-sale Constraints: The Infinite Dimensional Case”, joint with Neil Pearson, Journal of Economic Theory, Volume 54, Number 2, pp259–304, 1991.
13.“Consumption and Portfolio Policies with Incomplete Markets and Short-sale Constraints: The Finite Dimensional Case”, joint with Neil Pearson, Mathematical Finance, Volume 1, Number 3, pp1–10, 1991.
14.“Optimal Consumption and Portfolio Policies: a Convergence from Discrete- to Continuous-Time Models”, Journal of Economic Theory, Volume 55, Number 2, pp340–363, 1991.
15.“Convergence from Discrete- to Continuous-Time Contingent Claims Prices”, Review of Financial Studies, Volume 3, Number 4, pp523–546, 1990.
