Meir Statman is a Glenn Klimek professor of finance at Santa Clara University, Santa Clara, California.
Area of Expertise: behavioral finance
Books: “What Investors Really Want”
AAII Journal Articles:
Does Social Investing Generate Higher Returns?, April 2010
Topics Presented in Speeches: "Investor Psychology"
Meir Statman is the Glenn Klimek professor of finance at the Leavey School of Business, Santa Clara University, Santa Clara, California, and visiting professor at Tilburg University in the Netherlands. His research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets.
The questions he addresses include: What are the cognitive errors and emotions that influence investors? What are investor aspirations? How can financial advisors and plan sponsors help investors? What is the nature of risk and regret? How do investors form portfolios? How successful are tactical asset allocation and strategic asset allocation? What determines stock returns? What are the effects of sentiment? How successful are socially responsible investors?
Statman's research has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Financial Analysts Journal, the Journal of Portfolio Management, and many other journals. The research has been supported by the National Science Foundation, the Research Foundation of the CFA Institute, and the Investment Management Consultants Association (IMCA). Statman is a member of the editorial board of the Financial Analysts Journal and the advisory board of the Journal of Portfolio Management, the Journal of Wealth Management and the Journal of Investment Consulting. He is also an associate editor of the Journal of Financial Research, the Journal of Behavioral Finance, and the Journal of Investment Management. He is a recipient of a Batterymarch Fellowship, a William F. Sharpe Best Paper Award, a Bernstein Fabozzi/Jacobs Levy Outstanding Article Award, a Davis Ethics Award, a Moskowitz Prize for best paper on socially responsible investing, two Baker IMCA Awards, and two Graham and Dodd Awards of Excellence. Statmen consults with many investment companies and presents his work to academics and professionals in many forums in the U.S. and abroad.
Meir received his Ph.D. from Columbia University and his B.A. and M.B.A. from the Hebrew University of Jerusalem.
Articles by this Author
Portfolio Strategies »
Investors should consider whether they are being influenced by a good or bad herd behavior and who is on the other side of a trade.
May 2011 | Journal
Portfolio Strategies »
Companies with high social responsibility ratings outperformed companies with low ratings, but to get the highest returns, you should not shun shares of any company.
April 2010 | Journal
Portfolio Strategies: Investors like the theory behind diversification looking forward. But when looking at the past, investors only want to have been in the best-performing asset class. Keeping your focus on your portfolio as a whole is key.
June 2000 | Journal