Craig Woodworth Holden was the finance department chair and Gregg T. and Judith A. Summerville Chair of Finance at the

Kelley School of Business The Kelley School of Business (KSB) is an undergraduate and graduate business school for Indiana University Bloomington and Indiana University Indianapolis. As of 2022, approximately 13,538 full-time undergraduate and graduate students are enr ...

Indiana University Indiana University (IU) is a state university system, system of Public university, public universities in the U.S. state of Indiana. The system has two core campuses, five regional campuses, and two regional centers under the administration o ...

. His research focused on

market microstructure Market microstructure is a branch of finance concerned with the details of how exchange occurs in markets. While the theory of market microstructure applies to the exchange of real or financial assets, more evidence is available on the microstruct ...

. He was secretary-treasurer of the

Society for Financial Studies The Society for Financial Studies (SFS) is a nonprofit, academic society in the field of finance. It owns and runs three academic journals: (1) the Review of Financial Studies, (2) the Review of Asset Pricing Studies, and (3) the Review of Corporat ...

. He was an associate editor of the Journal of Financial Markets. His M.B.A. and Ph.D. were from the Anderson School of Management at

UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California, United States. Its academic roots were established in 1881 as a normal school then known as the southern branch of the C ...

. He received the Fama-DFA Prize for the second best paper in capital markets published in the ''

Journal of Financial Economics The ''Journal of Financial Economics'' is a peer-reviewed academic journal published by Elsevier, covering the field of finance. It is considered to be one of the premier finance journals. According to the ''Journal Citation Reports'', the journa ...

'' in 2009, the Spangler-IQAM Award for the best investments paper published in the ''

Review of Finance The ''Review of Finance'' is a bimonthly peer-reviewed academic journal covering all aspects of financial economics. It is published by Oxford University Press and is the official journal of the European Finance Association. The editor-in-chief is ...

'' in 2017-2018, and the Philip Brown Prize for the best paper published in 2017 using SIRCA data. His research has been cited more than 4,300 times. He has written two books on financial modeling in Excel: ''Excel Modeling in Investments'' and ''Excel Modeling in Corporate Finance.'' He has chaired 22 dissertations, been a member or chair of 62 dissertations, and serves on the program committees of the Western Finance Association and European Finance Association.

Research

Holden's research has appeared in leading journals, including the ''

Journal of Finance ''The Journal of Finance'' is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946. The editor-in-chief is Antoinette Schoar. According to the ''Journal Citation R ...

'', ''

Review of Financial Studies ''The Review of Financial Studies'' is a peer-reviewed academic journal covering the field of finance. It is published by Oxford University Press on behalf of the Society for Financial Studies. It was established following discussions at the 1986 ...

'', ''

Journal of Business ''The Journal of Business'' was an academic journal published by the University of Chicago Press. It aimed to cover "a comprehensive range of areas, including business finance and investment, money and banking, marketing, security markets, business ...

'', ''Journal of Financial Markets'', ''Review of Corporate Finance Studies'', ''Critical Finance Review'', ''Journal of Corporate Finance'', ''Journal of Financial Intermediation'', ''Journal of Empirical Finance'', ''Foundations and Trends in Finance'', ''

Financial Analysts Journal The ''Financial Analysts Journal'' is a quarterly peer-reviewed academic journal covering investment management, published by Routledge on behalf of the CFA Institute. It was established in 1945 and , the editor-in-chief is William N. Goetzmann. ...

'', ''Journal of Business Finance and Accounting'', ''Mathematical Finance'', and ''Management Science''. His working papers are posted on the

Social Science Research Network The Social Science Research Network (SSRN) is an open access research platform that functions as a repository for sharing early-stage research and the rapid dissemination of scholarly research in the social sciences, humanities, life sciences, ...

. His research has received attention in the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

''. and other media. He is best known for the following publications: * Kingsley Y.L. Fong, Craig W. Holden, and Charles A. Trzcinka, 2017, What Are The Best Liquidity Proxies For Global Research?, ''Review of Finance 21'', 1355-1401. * Craig W. Holden and Stacey Jacobsen, 2014, Liquidity Measurement Problems in Fast, Competitive Markets: Expensive and Cheap Solutions, ''

'' 69, 1747-1785. * Craig W. Holden, Stacey Jacobsen, and Avanidhar Subrahmanyam, 2014, The Empirical Analysis of Liquidity, ''Foundations and Trends in Finance 8'', No. 4, 263-365. * Utpal Bhattacharya, Craig W. Holden, and Stacey Jacobsen, 2012, Penny Wise, Dollar Foolish: Buy-Sell Imbalances On and Around Round Numbers, ''

Management Science Management science (or managerial science) is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is ...

'' 15, 413-431. * Ruslan Goyenko, Craig W. Holden, and Charles A. Trzcinka, 2009, Do Liquidity Measures Measure Liquidity?, ''

'' 92, 153-181. * Craig W. Holden and Avanidhar Subrahmanyam, 2002, News Events, Information Acquisition, and Stock Price Behavior, ''

'' 75, 1-32. * Craig W. Holden and Avanidhar Subrahmanyam, 1996, Risk Aversion, Liquidity, and Endogenous Short Horizons, ''

'' 9, 691-722. * Craig W. Holden and Avanidhar Subrahmanyam, 1992, Long-Lived Private Information and Imperfect Competition, ''

'' 47, 247-270.

Teaching

Holden created three courses in

: * F335 Security Trading and Market Making at the undergraduate level * F535 Security Trading and Market Making at the M.B.A. level * F635 Market Microstructure at the doctoral level. Holden's book, Excel Modeling in Investments (Fifth Edition) teaches students how to build investments models in Excel. It covers fixed income, portfolio management, security analysis, asset pricing, international investments, options, futures, and other derivatives. His book, Excel Modeling in Corporate Finance (Fifth Edition) teaches students how to build corporate finance models in Excel. It covers time value of money, firm and project valuation, capital structure, capital budgeting, financial planning, and real options. His Excel modeling books have been translated into Chinese and Italian. He has published papers about teaching in FEN Educator and the Journal of Financial Education.

References

External links

His home page
at the

{{DEFAULTSORT:Holden, Craig W. Financial economists Indiana University faculty Living people Year of birth missing (living people) Place of birth missing (living people)