Lubos Pastor is Charles P. McQuaid Professor of Finance at the University of Chicago Booth School of Business. He also serves as a member of the Bank Board of the National Bank of Slovakia, Director of the Center for Research in Security Prices (CRSP), member of the CRSP Indexes Advisory Council, Research Associate at the National Bureau of Economic Research, and Research Fellow at the Centre for Economic Policy and Research. He has served as President of the Western Finance Association, Director of the American Finance Association, and Co-Director of the Fama-Miller Center for Research in Finance. He is an Associate Editor of the Journal of Financial Economics and a former Associate Editor of the Journal of Finance and the Review of Financial Studies.
Professor Pastor’s research focuses mostly on financial markets and asset management. He has written on a broad range of topics such as liquidity risk, political risk, sustainable investing, stock price bubbles, stock volatility, return predictability, technological revolutions, income inequality, populism, portfolio choice, performance evaluation, returns to scale in active management, indexing, learning, and IPOs. His articles have appeared in the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, Review of Financial Studies, and other outlets. His research has been awarded numerous prizes, such as two Smith Breeden Prizes, three Fama/DFA Prizes, Goldman Sachs Asset Management Prize, Barclays Global Investors Prize, the NASDAQ Award, the QMA Award, and the Q Group Award.
Professor Pastor has been teaching at Chicago Booth since 1999 when he obtained a Ph.D. in finance from the Wharton School at the University of Pennsylvania. He has received the McKinsey Award for Excellence in Teaching as well as two Faculty Excellence Awards at Chicago Booth.
2020 - 2021 Course Schedule
Sports, chess, international affairs.
Asset pricing; asset management; liquidity risk; government policy; portfolio choice; stock price bubbles; stock volatility; return predictability; performance evaluation; technological innovation; IPOs; Bayesian analysis.
With Pietro Veronesi, "Uncertainty about government policy and stock prices," Journal of Finance (2012).
With Robert F. Stambaugh, "On the size of the active management industry," Journal of Political Economy (2012).
With Robert F. Stambaugh, "Are stocks really less volatile in the long run?," Journal of Finance (2012).
With Pietro Veronesi, "Technological revolutions and stock prices," American Economic Review (2009).
With Robert F. Stambaugh, "Liquidity risk and expected stock returns," Journal of Political Economy (2003).