Pete Kyle Joins Smith School
One of the foremost financial theorists in the world, Albert “Pete” Kyle, will join the Smith School as the Charles E. Smith Chair in Finance in July 2006. He is best known for creating the “Kyle Model,” which provides a foundation for the modern theory of market microstructure, a subfield of finance dealing with the process of price formation in financial markets.
Research by Sunil Mithas
Read the spring 2006 issue of Research @ Smith.
Research By Soeren Hvidkjaer
THE PHENOMENON OF MOMENTUM—THAT STOCKS WHICH INCREASE IN PRICE ONE YEAR WILL TEND TO CONTINUE TO INCREASE IN PRICE OVER THE NEXT YEAR, AND THAT STOCKS WHICH DECREASE IN PRICE ONE YEAR WILL CONTINUE TO DECREASE IN PRICE OVER THE NEXT YEAR—HAS INTRIGUED RESEARCHERS FOR A LONG TIME. WHAT DRIVES THIS ANOMALY? IF MOMENTUM IS DRIVEN BY A PARTICULAR KIND OF INVESTOR BEHAVIOR, THEN THAT BEHAVIOR SHOULD BE DETECTABLE IN THE TRADING RECORDS, REASONED SOEREN HVIDKJAER, ASSISTANT PROFESSOR OF FINANCE AT THE SMITH
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, MS in business, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.