Theoretical Models on Common Stock Subject of Two-Day Workshop at Ou

Article excerpt

A nationally-recognized bond scholar, Mark I. Weinstein, is scheduled to lead two academic financial workshops for testing theoretical models Thursday and Friday afternoon on the University of Oklahoma campus in Norman.

Weinstein, a visiting associate professor of finance at the University of California at Los Angeles on leave from the University of Southern California, is best known for his work studying bonds, according to Gary W. Emery, director of the Finance Department at OU.

Weinstein earned his reputation by publishing highly regarded papers on the effect of a rating change on a bond's price, the seasoning of bonds, the systematic risk of corporate bonds, the use of the option pricing model to examine bonds' systematic risk and how bond risks vary with risks in the economy, Emery said.

A tutorial on the econometric issues used to test theoretical models to explain common stocks' rates of return is scheduled for 3 p.m. to 5 p.m. Thursday in Room 355 of Adams Hall. The material is part of a doctoral seminar Weinstein teaches at UCLA and USC and examines the statistical problems encountered when setting up a study of this nature, Emery said.

Between 1:30 p.m. and 3:30 p.m. Friday, Weinstein is scheduled to present a paper he co-authored with Jay Shanken of the University of Rochester titled "Macroeconomic Variables and Asset Pricing: Estimation and Tests."

Faculty from Oklahoma State University, the University of Tulsa and the University of Arkansas are scheduled to attend this seminar, to be held in Room 104 of Adams Hall. Copies of the paper will be available.

The paper has been presented at the University of California at Berkley, the University of British Columbia, Columbia University and Yale University and at the 1986 Western Finance Association meeting.

This is the latest in a series of distinguished scholars' seminars begun in 1983 using a gift by Fred. E. Brown, an alumnus of OU and the chairman of J&W Seligman and Co., a Wall Street investment firm. . .

- A two-day symposium on consumer, commercial and banking law is set for Dec. 1 and 2 in Oklahoma City by the University of Oklahoma department of continuing legal education.

The symposium features law practitioners and professors, bringing together representatives from the OU College of Law, Oklahoma City University College of Law, Conference on Consumer Finance Law and the Community Bankers Association of Oklahoma.

The symposium runs from 8 a.m. to 5 p.m. Dec. 1 and from 8:30 a.m. to 3:30 p.m. Dec. 2 at the Embassy Suites Hotel, 1815 S. Meridian. Tuition, which includes written materials and the continental breakfasts, is $200 at the door or $175 if the participant pre-registers. Participants earn 14. …

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