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Erik Benrud, Ph.D.

Dr. Erik Benrud, FRM, CFA


Associate Professor of Finance
School of Business and Economics
Lynchburg College

Experience/Background

  • Associate Professor of Finance, Lynchburg College
  • Assistant Professor of Finance, American University
  • Assistant Professor of Finance, University of Baltimore

Degrees and Certifications

  • Ph.D., University of Virginia
  • CFA designation (Chartered Financial Analyst)
  • FRM designation (Financial Risk Manager)

Teaching Areas

  • Corporate Finance
  • Investments and Derivatives
  • Money, Banking, and Capital Markets
  • Econometrics/statistics/forecasting
  • CFA curriculum

Professional Associations and Affiliations

  • Financial Management Association
  • Southern Finance Association
  • CFA Institute
  • Global Association of Risk Professionals

Journal Publications

  • “A Market Model of Analysts’ Opinions to Explain Changes in the Dispersion of Opinions” Journal of Economics and Finance (forthcoming) 2007.
  • “’Is Fed Policy Still Relevant for Investors?’: a Comment,” Financial Analysts Journal, May/June 2005.
  • “Competition Between Low and High Quality Products in the Financial Services Market,” Journal of Financial Services Research, April 2003.
  • “Challenges of Existing in a Market as a Small, Low-quality Producer,” Small Business Economics Journal, June 2002.
  • “The Relationship between the Level and Dispersion of Stock Analysts’ Opinions,” Applied Economic Letters, August 2001.
  • “Useful Properties of Exchange Rate Forecasts for Risk Management and Derivative Pricing,” Thunderbird International Business Review, May-June 2001.

Book Publications

  • Derivatives and Risk Management, (lead coauthor) Schweser Institute (2004): a 1000+ page text covering major categories of derivatives and methods for managing risk.
  • “The Online Discussion and Student Success in Web-based Education” in Encyclopedia of Multimedia Technology and Networking, I-LAB Centre for Research on the Digital Economy – Idea Group Inc., Hershey, PA (2004).
  • “Forum Performance in Web-Based Education: Causes and Effects,” a chapter in Web-Based Education: Learning From Experience (2003).

Abstracts in Proceedings

  • “Comment on 'Macroeconomic Fluctuations and Equilibrium Discount Factors'” by Charles Kramer in International Advances in Economic Research, February 1997
  • “A Model Relating Forecast Dispersion and Accuracy and Its Implication for Aggregate Debt Pricing” (abstract) International Advances in Economic Research, June 1997

Recent Presentations

  • Financial Management Association Meetings: “Predicting Volatility Using Forecast Dispersion: A Model And A Comparison To Option-Implied Volatility,” 2006.
  • Washington Area Finance Association: “Useful Properties of the WSJ Yen/$ Forecasts: an Update,” 2006.
  • FDIC invited presentation “Can Changing Information Costs and Investor Preferences Explain Analysts' ‘Herd’ Behavior?” 2004

Awards

  • Outstanding Undergraduate Professor of the Year: 2005-2006 (Kogod School of Business/American University)
  • The Black and Decker Research Award 2003 (highest research in business honor at University of Baltimore)
  • The Chase Bank of Maryland Award for Research in Finance 2002 (University of Baltimore)
  • CFAI: 1995-1999 Certificate of Achievement

You can contact Erik at 434/544-8844 or Benrud.E@lynchburg.edu