Emeritus - Non-teaching | Finance|Hawk Center for Investment Analysis
5274B Grainger Hall
(608) 262-5226

Biography

Mark Ready holds the Jeffrey J. Diermeier Distinguished Chair in Finance in the Department of Finance, Investment, and Banking at the Wisconsin School of Business. He came to the University of Wisconsin-Madison in 1990, after completing his PhD at Cornell University.

From the outset, he has been able to bring a practical dimension to his courses, having spent seven years in various finance positions at Ford Motor Company before pursuing his Ph.D.

Ready’s research focus is in investments and he is well known and highly regarded in the academic community. His work has been cited in more than 450 separate articles published in finance and accounting journals, and he has served as associate editor for both the Review of Financial Studies and Financial Management. He has published studies examining risk and return of a variety of trading strategies, ranging from technical trading rules for timing market returns, to strategies that select individual stocks based on various fundamental measures.

Ready has taught both corporate and investments courses in the undergraduate, MBA, and executive programs, and he has served as chair of the Finance Ph.D. program.

Ready’s work has drawn the attention and respect of practitioners and regulators.

He served on NASDAQ’s Economic Advisory Board from 1998-2000, and he was the chief economist and director of the Office of Economic Analysis at the U.S. Securities and Exchange Commission from April 2000 through January 2001.

Ready earned his Ph.D. from Cornell University.

Research

Selected Published Journal Articles

Del Guercio, D. & Odders-White, E. & Ready, M. (2017). The Deterrent Effect of the Security and Exchange Commission's Enforcement Intensity on Illegal Insider Trading: Evidence on Run-up before News Events Journal of Law and Economics

Odders-White, E. & Ready, M. (2008). The Probability and Magnitude of Information Events Journal of Financial Economics

He, C. & Odders-White, E. & Ready, M. (2006). The Impact of Preferencing on Execution Quality Journal of Financial Markets

Odders-White, E. & Ready, M. (2006). Credit Ratings and Stock Liquidity Review of Financial Studies

Hanna, J. & Ready, M. (2005). Profitable Predictability in the Cross Section of Stock Returns Journal of Financial Economics

Teaching

Undergraduate Courses

Investments (FIN 320), Spring 2002.
Principles, issues and methods relating to the management of investment portfolios; investment needs of small and institutional investors; investment risks associated with financial market conditions and business cycle flucuations.

Investments (FIN 320), Spring 2002.
Principles, issues and methods relating to the management of investment portfolios; investment needs of small and institutional investors; investment risks associated with financial market conditions and business cycle flucuations.

Investments (FIN 320), Spring 2003.
Principles, issues and methods relating to the management of investment portfolios; investment needs of small and institutional investors; investment risks associated with financial market conditions and business cycle flucuations.

Investments (FIN 320), Spring 2003.
Principles, issues and methods relating to the management of investment portfolios; investment needs of small and institutional investors; investment risks associated with financial market conditions and business cycle flucuations.

Graduate Courses

PhD Thesis (FIN 990), Spring 2007.
Individual work to complete dissertation requirement of Ph.D. program.

Security Anal&Invstmt Mgt 2 (FIN 836), Spring 2009.
Continuation of Finance 835.

ASAP (FIN 835), Fall 2008.
The management of an actual portfolio of investments. Students engage in security analysis, develop a portfolio policy, and participate in field research such as trips to interview the management of potential portfolio acquisitions.

Investment Theory & Applicatn (FIN 721), Spring 2009.
Theory and practice of finance investment: financial market structure, arbitrage, theory of risk and return, behavior of financial prices, option contracts, futures and forward contracts, valuation of derivatives, interest rates, fixed-income securities, common stock and portfolio theory.

Investment Theory and Application (FIN 721), Spring 2006.
Theory and practice of finance investment: financial market structure, arbitrage, theory of risk and return, behavior of financial prices, option contracts, futures and forward contracts, valuation of derivatives, interest rates, fixed-income securities, common stock and portfolio theory.

Investment Theory & Applicatn (FIN 721), Spring 2010.
Theory and practice of finance investment: financial market structure, arbitrage, theory of risk and return, behavior of financial prices, option contracts, futures and forward contracts, valuation of derivatives, interest rates, fixed-income securities, common stock and portfolio theory.

Investment Theory and Applications (FIN 721), Spring 2007.
Theory and practice of finance investment: financial market structure, arbitrage, theory of risk and return, behavior of financial prices, option contracts, futures and forward contracts, valuation of derivatives, interest rates, fixed-income securities, common stock and portfolio theory.

Investment Theory & Applicatn (FIN 721), Spring 2008.
Theory and practice of finance investment: financial market structure, arbitrage, theory of risk and return, behavior of financial prices, option contracts, futures and forward contracts, valuation of derivatives, interest rates, fixed-income securities, common stock and portfolio theory.

Investment Theory and Application (FIN 721), Spring 2005.
Theory and practice of finance investment: financial market structure, arbitrage, theory of risk and return, behavior of financial prices, option contracts, futures and forward contracts, valuation of derivatives, interest rates, fixed-income securities, common stock and portfolio theory.

Investment Theory and Practice (FIN 720), Spring 2005.
Development of the theory, instruments, techniques and practice of modern investment management. Topics include asset pricing and valuation under certainty and uncertainty, portfolio management, determination of interest rates, immunization strategies and derivative securities.

Investment Theory and Practice (FIN 720), Fall 2003.
Development of the theory, instruments, techniques and practice of modern investment management. Topics include asset pricing and valuation under certainty and uncertainty, portfolio management, determination of interest rates, immunization strategies and derivative securities.

Investment Theory and Practice (FIN 720), Spring 2004.
Development of the theory, instruments, techniques and practice of modern investment management. Topics include asset pricing and valuation under certainty and uncertainty, portfolio management, determination of interest rates, immunization strategies and derivative securities.

Investment Theory and Practice (FIN 720), Spring 2005.
Development of the theory, instruments, techniques and practice of modern investment management. Topics include asset pricing and valuation under certainty and uncertainty, portfolio management, determination of interest rates, immunization strategies and derivative securities.

Investment Theory and Practice (FIN 720), Spring 2006.
Development of the theory, instruments, techniques and practice of modern investment management. Topics include asset pricing and valuation under certainty and uncertainty, portfolio management, determination of interest rates, immunization strategies and derivative securities.

Investment Theory and Practice (FIN 720), Spring 2006.
Development of the theory, instruments, techniques and practice of modern investment management. Topics include asset pricing and valuation under certainty and uncertainty, portfolio management, determination of interest rates, immunization strategies and derivative securities.

Introduction to Financial Management (FIN 700), Spring 2001.
Introduction to financial management of firms and investment decision making; both theory and practice are emphasized. Topics covered include the financial environment and securities markets, financial statements and analysis, working capital management and capital budgeting, cost of capital, dividend policy, asset valuation, investments, decision making under uncertainty and selected topics such as mergers, options, futures.

Introduction to Financial Management (FIN 700), Spring 2001.
Introduction to financial management of firms and investment decision making; both theory and practice are emphasized. Topics covered include the financial environment and securities markets, financial statements and analysis, working capital management and capital budgeting, cost of capital, dividend policy, asset valuation, investments, decision making under uncertainty and selected topics such as mergers, options, futures.

Hybrid Courses

Investment Theory and Applications (FIN/FIN 835/535), Fall 2007.
The management of an actual portfolio of investments. Students engage in security analysis, develop a portfolio policy, and participate in field research such as trips to interview the management of potential portfolio acquisitions.

Security Anal&Invstmt Mgt 2 (FIN/FIN 536/836), Spring 2007.
Continuation of Finance 835.

Security Anal&Invstmt Mgt 2 (FIN/FIN 536/836), Spring 2008.
Continuation of Finance 835.

Learning/Teaching Oriented Publications

Eraker, B. & Ready, M. (2015). Do Investors Overpay for Stocks with Lottery-Like Payoffs? An Examination of the Returns on OTC Stocks Journal of Financial Economics

Service

Editorial and Reviewing Activities

Financial Management - Associate Editor - September 2002 - June 2011
Associate Editor

Review of Financial Studies - Associate Editor - July 2001 - July 2004
Associate Editor