Dr. Ronald Balvers
Professor / Chair, Finance & Business Economics / Michael Lee-Chin & Family Chair in Investment & Portfolio Management
Faculty, Finance and Business Economics
CONTACT INFORMATION
BIO
Finance and Business Economics, DeGroote School of Business, McMaster University Michael Lee-Chin & Family Chair in Investment and Portfolio Management, Area of expertise is Asset Pricing and Financial Markets, Investments.
JOURNAL PUBLICATIONS
March 2024
Beta Uncertainty As An Arbitrage Barrier And The Level Of Anomaly Returns
CONTRIBUTORS: Ronald Balvers, Yufeng Han, Ou Hu, Zhaodan Huang
July 2022
Seasonality And Momentum Across National Equity Markets
JOURNAL : THE NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE
CONTRIBUTORS: Jian Song, Ronald Balvers
December 2021
Determinants And Predictability Of Commodity Producer Returns
JOURNAL : JOURNAL OF BANKING & FINANCE
CONTRIBUTORS: Qiao Wang, Ronald Balvers
March 2021
Designing A Global Digital Currency
JOURNAL : JOURNAL OF INTERNATIONAL MONEY AND FINANCE
CONTRIBUTORS: Ronald Balvers, Bill Mcdonald
June 2018
Distinguishing Factors And Characteristics With Characteristic-mimicking Portfolios
CONTRIBUTORS: Ronald Balvers, H arthur Luo
October 2017
Profitability, Value, And Stock Returns In Production?based Asset Pricing Without Frictions
JOURNAL : JOURNAL OF MONEY CREDIT AND BANKING
CONTRIBUTORS: Ronald Balvers, Li Gu, Dayong Huang
April 2017
Temperature Shocks And The Cost Of Equity Capital: Implications For Climate Change Perceptions
JOURNAL : JOURNAL OF BANKING & FINANCE
CONTRIBUTORS: Ronald Balvers, Ding Du, Xiaobing Zhao
February 2017
Social Screens And Systematic Investor Boycott Risk
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: H arthur Luo, Ronald Balvers
February 2017
Social Screens And Systematic Investor Boycott Risk
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: Ronald Balvers
November 2016
Financial Disclosure And Customer Satisfaction: Do Companies Talking The Talk Actually Walk The Walk?
JOURNAL : JOURNAL OF BUSINESS ETHICS
CONTRIBUTORS: Ronald Balvers, John f Gaski, Bill Mcdonald
March 2014
Currency Risk Premia And Uncovered Interest Parity In The International Capm
JOURNAL : JOURNAL OF INTERNATIONAL MONEY AND FINANCE
CONTRIBUTORS: Ronald Balvers, Alina f Klein
December 2012
Transitory Market States And The Joint Occurrence Of Momentum And Mean Reversion
JOURNAL : THE JOURNAL OF FINANCIAL RESEARCH
CONTRIBUTORS: Ronald Balvers, Ou Hu, Dayong Huang
February 2010
Optimal Transaction Filters Under Transitory Trading Opportunities: Theory And Empirical Illustration
JOURNAL : JOURNAL OF FINANCIAL MARKETS
CONTRIBUTORS: Ronald Balvers, Yangru Wu
September 2009
Evaluation Of Linear Asset Pricing Models By Implied Portfolio Performance
JOURNAL : JOURNAL OF BANKING AND FINANCE
CONTRIBUTORS: Ronald Balvers, Dayong Huang
April 2009
Money And The C-capm
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: Ronald Balvers, Dayong Huang
April 2009
Money And The C-capm
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: Ronald Balvers, Dayong Huang
November 2007
Productivity-based Asset Pricing: Theory And Evidence
CONTRIBUTORS: Ronald Balvers, Dayong Huang
November 2007
Productivity-based Asset Pricing: Theory And Evidence
JOURNAL : JOURNAL OF FINANCIAL ECONOMICS
CONTRIBUTORS: Ronald Balvers, Dayong Huang
January 2007
Reducing The Dimensionality Of Linear Quadratic Control Problems
JOURNAL : JOURNAL OF ECONOMIC DYNAMICS AND CONTROL
CONTRIBUTORS: Ronald Balvers, Douglas w Mitchell
January 2006
Momentum And Mean Reversion Across National Equity Markets
JOURNAL : JOURNAL OF EMPIRICAL FINANCE
CONTRIBUTORS: Ronald Balvers, Yangru Wu
October 2004
Time Preference And Life Cycle Consumption With Endogenous Survival
JOURNAL : ECONOMIC INQUIRY
CONTRIBUTORS: Arnab k Acharya, Ronald Balvers
October 2002
Government Expenditure And Equilibrium Real Exchange Rates
JOURNAL : JOURNAL OF INTERNATIONAL MONEY AND FINANCE
CONTRIBUTORS: Ronald Balvers, Jeffrey h Bergstrand
April 2002
Government Expenditures And Equilibrium Real Exchange Rates
JOURNAL : WORKING PAPER OF THE HELEN KELLOGG INSTITUTE FOR INTERNATIONAL STUDIES
CONTRIBUTORS: Ronald Balvers, Jh Bergstrand
November 2000
Global Financial Markets
JOURNAL : CFA DIGEST
CONTRIBUTORS: Ronald Balvers, Yangru Wu, Erik Gilliland, Roger Ignatius
July 2000
Exchange Rate Shocks And The Speed Of Trade Price Adjustment
JOURNAL : SOUTHERN ECONOMIC JOURNAL
CONTRIBUTORS: Jimmy Ran, Ronald Balvers
July 2000
Exchange Rate Shocks And The Speed Of Trade Price Adjustment
JOURNAL : SOUTHERN ECONOMIC JOURNAL
CONTRIBUTORS: Jimmy Ran, Ronald Balvers
April 2000
Mean Reversion Across National Stock Markets And Parametric Contrarian Investment Strategies
JOURNAL : THE JOURNAL OF FINANCE
CONTRIBUTORS: Ronald Balvers, Yangru Wu, Erik Gilliland
April 2000
Precaution And Liquidity In The Demand For Housing
JOURNAL : ECONOMIC INQUIRY
CONTRIBUTORS: Ronald Balvers, L Szerb
January 2000
Efficient Gradualism In Intertemporal Portfolios
JOURNAL : JOURNAL OF ECONOMIC DYNAMICS AND CONTROL
CONTRIBUTORS: Ronald Balvers, Douglas w Mitchell
November 1997
Autocorrelated Returns And Optimal Intertemporal Portfolio Choice
JOURNAL : MANAGEMENT SCIENCE
CONTRIBUTORS: Ronald Balvers, Douglas w Mitchell
June 1997
Equilibrium Real Exchange Rates: Closed-form Theoretical Solutions And Some Empirical Evidence
JOURNAL : JOURNAL OF INTERNATIONAL MONEY AND FINANCE
CONTRIBUTORS: Ronald Balvers, Jeffrey h Bergstrand
January 1997
The Composition Of Public Expenditure In A Dynamic Macro Model Of Monopolistic Competition
JOURNAL : SOUTHERN ECONOMIC JOURNAL
CONTRIBUTORS: Ronald Balvers
August 1996
Location In The Hotelling Duopoly Model With Demand Uncertainty
JOURNAL : EUROPEAN ECONOMIC REVIEW
CONTRIBUTORS: Ronald Balvers, Lázló Szerb
October 1994
Inflation Variability And Gradualist Monetary Policy
JOURNAL : THE REVIEW OF ECONOMIC STUDIES
CONTRIBUTORS: Ronald Balvers, Thomas f Cosimano
September 1993
Periodic Learning About A Hidden State Variable
JOURNAL : JOURNAL OF ECONOMIC DYNAMICS AND CONTROL
CONTRIBUTORS: Ronald Balvers, Thomas f Cosimano
June 1993
The Underpricing Of Initial Public Offerings: A Theoretical And Empirical Reconsideration Of The Adverse Selection Hypothesis
JOURNAL : REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING
CONTRIBUTORS: Ronald Balvers, John Affleck-graves, Robert e Miller, Kevin Scanlon
December 1992
Profits Under Conditions Of Uncertainty*
JOURNAL : AUSTRALIAN ECONOMIC PAPERS
CONTRIBUTORS: Ronald Balvers, Norman c Miller
July 1992
Factor Demand Under Conditions Of Product Demand And Supply Uncertainty
JOURNAL : ECONOMIC INQUIRY
CONTRIBUTORS: Ronald Balvers, Norman c Miller
February 1992
A Keynesian General Equilibrium Model With Competitive Firms And Rational Expectations
JOURNAL : JOURNAL OF ECONOMICS
CONTRIBUTORS: Ronald Balvers
September 1990
Predicting Stock Returns In An Efficient Market
JOURNAL : THE JOURNAL OF FINANCE
CONTRIBUTORS: Ronald Balvers, Thomas f Cosimano, Bill Mcdonald
September 1990
Actively Learning About Demand And The Dynamics Of Price Adjustment
JOURNAL : THE ECONOMIC JOURNAL
CONTRIBUTORS: Ronald Balvers, Thomas f Cosimano
September 1990
Predicting Stock Returns In An Efficient Market
JOURNAL : THE JOURNAL OF FINANCE
CONTRIBUTORS: Ronald Balvers, Thomas f Cosimano, Bill Mcdonald
August 1990
Variability And The Duration Of Search
JOURNAL : INTERNATIONAL ECONOMIC REVIEW
CONTRIBUTORS: Ronald Balvers
October 1988
Money Supply Variability In A Macro Model Of Monopolistic Competition
JOURNAL : ECONOMIC INQUIRY
CONTRIBUTORS: Ronald Balvers
October 1988
Underpricing Of New Issues And The Choice Of Auditor As A Signal Of Investment Banker Reputation
JOURNAL : ACCOUNTING REVIEW
CONTRIBUTORS: Ronald Balvers, B Mcdonald, Re Miller
April 1988
Monopoly Power And Downward Price Rigidity Under Costly Price Adjustment
JOURNAL : BULLETIN OF ECONOMIC RESEARCH
CONTRIBUTORS: Ronald BalversOTHER PUBLICATIONS
November 2020
Productivity Gaps And Global Systematic Risk Exposure: Pricing Country-industry Portfolios
CONTRIBUTORS: Punit Anand, Ronald Balvers, Lee-chin family institute for strategic business studies Michael
January 2020
Productivity Gaps And Global Systematic Risk Exposure: Pricing Country-industry Portfolios
CONTRIBUTORS: Punit Anand, Ronald Balvers
January 2020
Do Futures Premiums Predict Commodity Producer Returns?
CONTRIBUTORS: Qiao Wang, Ronald Balvers
January 2018
Distinguishing Factors And Characteristics With Characteristic-mimicking Portfolios
CONTRIBUTORS: Ronald Balvers, H arthur Luo
January 2018
Efficient Factor Selection: Explaining Risk And Mean Returns Jointly
CONTRIBUTORS: Ronald Balvers, Adam Stivers
December 2016
Asset Valuation
CONTRIBUTORS: Ronald Balvers, Lee-chin family institute for strategic business studies Michael
September 2016
Arbitrage Pricing Restrictions And The Predictability Of Stock Returns By Statistical Factor Analysis
CONTRIBUTORS: Ronald Balvers, Adam Stivers, Lee-chin family institute for strategic business studies Michael
January 2013
Profitability And Stock Returns In Production-based Asset Pricing With Decreasing Returns To Scale
CONTRIBUTORS: Ronald Balvers, Li Gu, Dayong Huang
January 2013
Currency Risk Premia And Uncovered Interest Parity In The International Capm
CONTRIBUTORS: Ronald Balvers, Alina f Klein
January 2013
Capital Utilization And Stock Returns
CONTRIBUTORS: Li Gu, Ronald Balvers, Dayong Huang
2012
The Adverse Impact Of Gradual Temperature Change On Capital Investment
CONTRIBUTORS: Ronald Balvers, Ding Du, Xiaobing Zhao
September 2009
Evaluation Of Linear Asset Pricing Models By Implied Portfolio Performance
CONTRIBUTORS: Ronald Balvers, Dayong Huang
2009
What Do Financial Markets Reveal About Global Warming?
CONTRIBUTORS: Ronald Balvers, Ding Du, Xiabing Zhao
January 2006
Evaluation Of Linear Asset Pricing Models By Implied Portfolio Performance
CONTRIBUTORS: Ronald Balvers, Dayong Huang
January 2005
Optimal Transaction Filters Under Transitory Trading Opportunities: Theory And Empirical Illustration
CONTRIBUTORS: Ronald Balvers, Yangru Wu
2005
Linear Riccati Dynamics, Constant Feedback, And Controllability In Linear Quadratic Control Problems
CONTRIBUTORS: Ronald Balvers, Douglas Mitchell
2005
Evaluation Of Linear Asset Pricing Models By Implied Portfolio Performance
CONTRIBUTORS: Ronald Balvers, Dayong Huang
May 2002
Stock Market Integration, Return Forecastability And Implications For Market Efficiency: A Panel Study
CONTRIBUTORS: Ronald Balvers, Yangru Wu
January 2002
Stock Market Integration, Return Forecastability And Implications For Market Efficiency: A Panel Study
CONTRIBUTORS: Ronald Balvers, Yangru Wu
April 2001