Dr. Narat Charupat
Professor
Finance & Business Economics
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BIO
Professor Charupat has conducted research in the areas of financial innovation, security designs, annuity and insurance products, arbitrage relationship, commodity investment and behavioural finance. He has taught courses in financial derivatives, international finance and personal finance. Professor Charupat’s research has been published in various journals such as the Journal of Banking and Finance, Journal of Economic Theory, Journal of Financial and Quantitative Analysis and Journal of Risk and Insurance. He has also co-authored a textbook on strategic financial planning. Prior to joining McMaster, he worked for an investment bank and a risk-management software company.
JOURNAL PUBLICATIONS
June 2023
Behavior Of Canadian Life Annuity Prices
JOURNAL : JOURNAL OF PENSION ECONOMICS AND FINANCE
CONTRIBUTORS: Narat Charupat, Mark j Kamstra
January 2023
Understanding Leveraged Etfs’ Compounding Effect
JOURNAL : MANAGERIAL FINANCE
CONTRIBUTORS: Narat Charupat, Zhe Ma, Peter Miu
September 2016
The Sluggish And Asymmetric Reaction Of Life Annuity Prices To Changes In Interest Rates
JOURNAL : JOURNAL OF RISK & INSURANCE
CONTRIBUTORS: Narat Charupat, Mark j Kamstra, Moshe a Milevsky
November 2014
A New Method To Measure The Performance Of Leveraged Exchange?traded Funds
JOURNAL : FINANCIAL REVIEW
CONTRIBUTORS: Narat Charupat, Peter Miu
July 2013
Emotional Balance And Probability Weighting
JOURNAL : THEORY AND DECISION
CONTRIBUTORS: Narat Charupat, Richard Deaves, Travis Derouin, Marcelo Klotzle, Peter Miu
June 2013
The Pricing Efficiency Of Leveraged Exchange?traded Funds: Evidence From The U.s. Markets
JOURNAL : THE JOURNAL OF FINANCIAL RESEARCH
CONTRIBUTORS: Narat Charupat, Peter Miu
April 2013
Recent Developments In Exchange?traded Fund Literature
JOURNAL : MANAGERIAL FINANCE
CONTRIBUTORS: Narat Charupat, Peter Miu
April 2013
Introduction To The Special Issue On Exchange-traded Funds
JOURNAL : MANAGERIAL FINANCE
CONTRIBUTORS: Peter Miu, Narat Charupat
April 2013
Recent Developments In Exchange?traded Fund Literature
JOURNAL : MANAGERIAL FINANCE
CONTRIBUTORS: Narat Charupat, Peter Miu, Peter Miu
April 2011
The Pricing And Performance Of Leveraged Exchange-traded Funds
JOURNAL : JOURNAL OF BANKING & FINANCE
CONTRIBUTORS: Narat Charupat, Peter Miu
June 2009
Probability Judgment Error And Speculation In Laboratory Asset Market Bubbles
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Richard Deaves, Brian d Kluger
June 2009
Probability Judgment Error And Speculation In Laboratory Asset Market Bubbles
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Richard Deaves, Brian d Kluger
May 2009
Probability Judgment Error And Speculation In Laboratory Asset Market Bubbles
JOURNAL : JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Richard Deaves, Brian d Kluger
October 2006
Margin, Short Selling, And Lotteries In Experimental Asset Markets
JOURNAL : SOUTHERN ECONOMIC JOURNAL
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Bryan k Church, Richard Deaves
October 2006
Margin, Short Selling, And Lotteries In Experimental Asset Markets
JOURNAL : SOUTHERN ECONOMIC JOURNAL
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Bryan k Church, Richard Deaves
January 2006
The Effect Of Derivative Trading On The Underlying Markets: Evidence From Canadian Instalment Receipts Trading
JOURNAL : INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
CONTRIBUTORS: Narat Charupat
January 2004
An Essay On Financial Innovation: The Case Of Instalment Receipts
JOURNAL : JOURNAL OF BANKING & FINANCE
CONTRIBUTORS: Narat Charupat, Eliezer z Prisman
September 2003
Backwardation In Energy Future Markets: Metallgesellschaft Revisited
JOURNAL : ENERGY STUDIES REVIEW
CONTRIBUTORS: Narat Charupat, Richard Deaves
January 2003
An Experimental Examination Of The House Money Effect In A Multi-period Setting
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Bryan k Church, Richard Deaves
April 2002
Optimal Asset Allocation In Life Annuities: A Note
JOURNAL : INSURANCE MATHEMATICS AND ECONOMICS
CONTRIBUTORS: Narat Charupat, Moshe a Milevsky
June 2001
Mortality Swaps And Tax Arbitrage In The Canadian Insurance And Annuity Markets
JOURNAL : JOURNAL OF RISK & INSURANCE
CONTRIBUTORS: Narat Charupat, Moshe arye Milevsky
June 1997
Financial Innovations And Arbitrage Pricing In Economies With Frictions: Revisited
JOURNAL : JOURNAL OF ECONOMIC THEORY
CONTRIBUTORS: Narat Charupat, Eliezer z PrismanOTHER PUBLICATIONS
May 2012
Strategic Financial Planning Over The Lifecycle
CONTRIBUTORS: Narat Charupat, Huaxiong Huang, Moshe a Milevsky
January 2012
The Annuity Duration Puzzle
CONTRIBUTORS: Narat Charupat, Mark j Kamstra, Moshe a Milevsky
January 2012
Strategic Financial Planning Over The Lifecycle: A Conceptual Approach To Personal Risk Management
CONTRIBUTORS: Narat Charupat, H Huang, Ma Milevsky
2012
Strategic Financial Planning Over The Lifecycle
CONTRIBUTORS: Narat Charupat, Huaxiong Huang, Moshe a Milevsky
January 2011
Leveraged Exchange-traded Funds: Their Pricing And Tracking Ability
CONTRIBUTORS: Narat Charupat, Peter Miu
April 2006
An Experimental Examination Of The House Money Effect In A Multi-period Setting
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Bryan k Church, Richard Deaves
January 2006
The Origins Of Bubbles In Laboratory Asset Markets
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Richard Deaves, Brian d Kluger
2006
The Origins Of Bubbles In Laboratory Asset Markets
CONTRIBUTORS: Lucy f Ackert, Narat Charupat, Richard Deaves, Brian d Kluger
March 2005
Secondary Equity Offerings: The Case Of Installments Receipts
CONTRIBUTORS: Narat Charupat, Chun-sang-sherman Cheung
January 2002
An Essay On Financial Innovations: The Case Of Instalment Receipts
CONTRIBUTORS: Narat Charupat, Eliezer z Prisman
2002
Backwardation And Normal Backwardation In Energy Futures Markets: With An Application To Metallgesellschaft's Short-dated Rollover Hedging Of Long-term Contracts
CONTRIBUTORS: Richard Deaves, Narat Charupat
January 2001