Faculty and Research - Strong
Robert Strong, University Foundation Professor of Investment Education and Professor of Finance
University of Maine
5723 DP Corbett Business Building, Room 301
Orono, ME 04469-5723
Bob Strong is UNIVERSITY FOUNDATION PROFESSOR OF INVESTMENT EDUCATION and PROFESSOR OF FINANCE at the University of Maine. The University of Maine General Alumni Association named him the 2005 Distinguished Maine Professor. The Carnegie Foundation selected him as Maine’s 2007 Professor of the Year. His Bachelor of Science degree in engineering is from the United States Military Academy at West Point, his Master of Science degree in business administration from Boston University, and his Ph.D. in finance from Penn State. He has also been a visiting professor of finance at Maine Maritime Academy and at Harvard University where he was Deputy Director of the Summer Economics Program from 1997 to 1999. He is a Chartered Financial Analyst.
Ph.D, Penn State University (1983)
- Corporate Finance
- Financial Institutions
- Investment Analysis
- Speculative Markets
- Financial Management
- Management of Financial Institutions
- Investment Management
- Futures and Options Markets
His current RESEARCH interests center on investor asset allocation. He has published in journals ranging from the Journal of Finance and the Journal of Portfolio Management to the trade journals Pensions and Investments and Futures. His third book Derivatives: An Introduction was published in 2002.
“Technical Analysis,” with Barry Sine. 2012 – 2014 CFA Institute Curriculum Readings.
“The Probability of Option Exercise Implied in Option Spreads,” with Ferdinand Siagian. Journal of Business and Economic Studies, Fall 2012, 49 – 61.
“Using the Price-to-Earnings Harmonic Mean to Improve Firm Valuation Estimates,” with Rick Borgman, John Clark and Pankaj Agrrawal. Journal of Financial Education, Fall/Winter 2010, 98 – 110.
“No Arbitrage Pricing,” Companion to Financial Derivatives, pp. 335 – 350, John Wiley and Sons, 2010
“The Failure of BRIC Equities as a Diversifying Agent for US Investors: A Note,” with Vrishali Javeri. Investment Management and Financial Innovations, Volume 7, No. 2, 2010.
Portfolio Construction, Management, and Protection, 5th ed. Cengage, 2009.
“Asset Allocation, Purchasing Power Risk, and Fixing Social Security: A Simulation Approach,” Journal of Business and Economic Studies, Spring 2008.
“Introduction to Financial Risk Assessment Using Monte Carlo Simulation,” with Natalie Steiger and James Wilson. Proceedings of the 2009 Winter Simulation Conference, Austin, TX
Practical Investment Management, 4th ed. Thomson, 2007 (Also translated into Chinese)
“Optimal Stock Price Ranges: Evidence from Benford’s Law,” with Rick Borgman and Pankaj Agrrawal. Northeast Business and Economics Association Proceedings, 2007.
“Growth Rate and Implied Beta: Interactions of Cost of Capital Models,” with Rick Borgman. Journal of Business and Economic Studies, Spring 2006.
Derivatives: An Introduction. 2nd ed SouthWestern/ITP, 2005. (Also translated into Chinese)
“Suggested Refinements to Courses on Derivatives: Presentation of Valuation Equations, Pay Off Diagrams and Managerial Application for Second-Generation Options,” with Christopher Deacon and Alex Faseruk, Journal of Financial Management and Analysis, Jan/Jun 2004, 62 – 76.