Department of Finance and Banking

Obituary for Stephen A. Ross

The Department of Economics and Management mourns after its honorary doctor Stephen A. Ross. Professor Ross was one of the founding fathers of modern finance and his Arbitrage-Pricing-Theory represents one of the cornerstones in Asset Pricing. Furtehrmore, Professor Ross developed far-reaching and pioneering models for valuing derivatives and the understanding of capital structure decisions of corporations. Recently, he was the  Franco-Modigliani-Professor for Financial Economics at MIT. Prof. Ross passed away on March 3rd, 2017. Our deepest sympathy and condolences go the entire family of Prof. Stephen A. Ross.