Professor Emeritus of Finance and Business Economics
PhD, University of California, Los Angeles, 1966
MA, University of California, Los Angeles, 1961
BA, Occidental College, 1959
Phone: |
206-543-0992 |
Mailing Address: |
Fax: |
206-543-7472 |
Michael G. Foster School of Business |
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361 Mackenzie Hall
pfrost@u.washington.edu
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Finance Department
Box 353200
Seattle, WA 98195-3200 |
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Specialties
Econometrics, stock market behavior.
Positions Held
At the University of Washington since 1969
Visiting professor at the University of Virginia (1974)
Assistant professor at Carnegie-Mellon University (1964-69)
Selected Publications
- "Estimation Risk and Portfolio Choice: An Empirical Bayes Approach to Efficient Portfolio Selection," with J. Savarino, Journal of Financial and Quantitative Analysis, September 1986.
- "Issuing Costs to Existing Shareholders in Competitive and Negotiated Underwritten Public Utility Equity Offerings," with S. Bhagat, Journal of Financial Economics, January/February 1986.
Current Research
Determinants of risk in the stock market.
Honors and Awards
U.S. Bank of Washington Faculty Fellow (1988-96).
Selected Consulting Experience
- Gulf Oil Company, capital budgeting manual.
- Weyerhaeuser, analysis of an investment strategy.
- Office of the Attorney General, State of Washington, witness on banking regulations.
Academic Service
Director of the Doctoral Program (1990-96)
Chairman of the Department of Finance and Business Economics (1981-90),
Editor of the Journal of Financial and Quantitative Analysis (1987-89),
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