Alan Marcus

Alan J. Marcus is an American economist, and the first recipient of the Mario J. Gabelli Endowed Professorship at the Carroll School of Management at Boston College, where he currently teaches. Marcus serves on the advisory board of the CFA Institute.

Education and background Marcus graduated with high honors, summa cum laude, and Phi Beta Kappa, from Wesleyan University, in 1976. He received his PhD in economics at Massachusetts Institute of Technology in 1981. He also served as a Research Fellow at the National Bureau of Economic Research, working with Pension, Monetary Economics, and Financial Markets groups.

Academic appointments

1981–1990, Boston University 1994 (summer), visiting professor at the Athens Laboratory of Business Administration (ALBA) 1996 and 1997, visiting professor at the MIT Sloan School of Management 1991–present, professor at the Wallace E. Carroll School of Management at Boston College

Journal articles

“Relative Sentiment and Stock Returns,” Financial Analysts Journal, 66 (July/August 2010), with Roger M. Edelen and Hassan Tehranian. “Opaque Financial Reports, R-square, and Crash Risk,” Journal of Financial Economics, 94 (October 2009), with Amy Hutton and Hassan Tehranian, 67–86. “Corporate Governance and Pay-for-Performance: The Impact of Earnings Management,” Journal of Financial Economics, 87 (February 2008), 357–373, with Marcia Cornett and Hassan Tehranian. “The Impact of Institutional Ownership on Corporate Operating Performance,” Journal of Banking and Finance, 31 (June 2007), 1771–1794, with Marcia Cornett, Anthony Saunders, and Hassan Tehranian. “Optimal Estimation of the Risk Premium for the Long Run and Asset Allocation: A Case of Compounded Estimation Risk,” Journal of Financial Econometrics, 3 (2005), 37–55, with Eric Jacquier and Alex Kane.