Timothy Falcon Crack

Biography

Prof. Timothy Falcon Crack is a chaired professor of Finance. He joined the department in 2004. Dr. Crack did PhD coursework at MIT and Harvard, and graduated with a PhD in Financial Economics from MIT. He holds degrees in Mathematics (with a lot of Statistics), Finance, and Financial Economics. He also holds a diploma in Accounting/Finance. He also holds the Investment Management Certificate from the UK Society of Investment Professionals. Dr. Crack has worked as an independent consultant to the New York Stock Exchange and to a foreign government body investigating wrong doing in the financial markets. His most recent practitioner job was as the head of quantitative active equity research for the UK and Continental Europe in the London office of what was the world's largest institutional asset manager. He also taught undergraduate, MBA, and PhD courses at Indiana University's Kelley School of Business. He has won six university teaching awards and been nominated for at least five others. Dr. Crack has published in the top academic journal in Finance (The Journal of Finance), the top practitioner-oriented journals in Finance (The Financial Analysts Journal and The Journal of Futures Markets), and the top pedagogical journal in Finance (The Journal of Financial Education). He has also published in what was the top interdisciplinary Business journal (The Journal of Business). He has also published in Physica A, Accounting and Finance, and a half-dozen other journals. He has written seven sole-authored finance books including Heard on The Street: Quantitative Questions from Wall Street Job Interviews, Basic Black-Scholes: Option Pricing and Trading, Foundations for Scientific Investing, How to Ace Your Business Finance Class, and two Pocket Heard on The Street books (one with quantitative questions from finance job interviews, and one with brain teasers, thinking questions, and non-quantitative questions from finance job interviews). Dr. Crack has supervised or co-supervised more than a dozen graduate students, including at least a half-dozen PhDs.

Research Interest

Professor Crack’s research interests include empirical capital markets, quantitative active equity trading strategies, derivatives, econometrics, and market microstructure.