معرفی
Associate Professor Tyler Muir holds the Donnalisa '86 and Bill Barnum Endowed Term Chair in Management at the UCLA Anderson School of Management. He is a leading researcher at the intersection of asset pricing, financial intermediaries, and financial crises, with significant contributions to understanding market dynamics during volatile periods.
- Ph.D. in Finance, 2013, Northwestern University (Kellogg School of Management)
- B.A. in Mathematics, 2008, University of California, Berkeley
Muir's research focuses on how financial institutions influence financial markets and how these relationships evolve with regulatory changes. He has demonstrated that intermediary-based asset pricing models can explain returns across assets previously considered anomalies. His extensive historical analysis spans 150 years and 14 countries, documenting substantial declines in stock and bond prices during financial crises that often exceed declines in macroeconomic fundamentals. His work challenges conventional investment wisdom, particularly regarding volatility management.
Analysis of Muir's publications reveals a consistent focus on intermediary asset pricing, with significant attention to historical market behavior and volatility effects. His research demonstrates how financial institutions' health affects asset price variations across multiple markets and time periods. The interdisciplinary nature of his work bridges finance theory with practical investment implications, particularly regarding risk assessment during turbulent market conditions.
- 2015 Amundi Smith Breeden Distinguished Paper Prize for research published in the Journal of Finance
Professor Muir's research has received substantial funding and has influenced both academic discourse and practical investment approaches. His findings on volatility management have challenged traditional investment wisdom, showing that selling during volatile periods can be beneficial as future returns in turbulent times aren't actually higher than in normal periods. His work has implications for portfolio construction, risk management practices, and financial regulation.
