Stephen A. Buser

Dr. Buser received a bachelor's degree in economics from Princeton and a Ph.D in economics from Boston College.  He currently holds the title of Professor Emeritus at The Ohio State University where he has been a member of the faculty since 1975. While at OSU, Dr. Buser served terms as Chair of the Department of Finance and Associate Dean for the Fisher College of Business.  Dr. Buser was also one of the co-founders of the Student Investment Management Program in which OSU students manage a portion of the university endowment.  During sabbaticals from OSU, Dr. Buser was a visiting professor at the University of Chicago and at MIT.  Dr. Buser has provided consulting services for a substantial number of companies.  He was selected by the Treasurer of the State of Ohio to serve as an investment expert appointee to the Board of Directors for the State Teachers Retirement of Ohio.  Dr. Buser was also chosen to serve on the Obama-Biden transition team.  In addition, Dr. Buser has served on editorial boards for a number of academic journals including a term as co-editor of the Journal of Finance, which is the official publication of the American Finance Association.  Dr. Buser also served as the Official Historian for the American Finance Association.

Areas of Expertise

  • Interest rates
  • Valuation analysis
  • Equities and fixed income securities
  • Cyclical cash flows


  • Ph. D., Boston College
  • A. B., Princeton University

Editorial Responsibilities

  • Former Co-Editor, Journal of Finance
  • Associate Editor, Journal of Housing Research, and Housing Policy Debate
  • Former Associate Editor, American Real Estate and Urban Economics Association Journal.
  • Manuscript referee for:
    • Journal of Financial Economics
    • Journal of Financial and Quantitative Analysis
    • Journal of Business
    • Journal of Money Credit and Banking
    • Housing Finance Review
    • Financial Management
    • Financial Review
    • Journal of Financial Research
    • Management Science
    • Journal of Economics and Business
    • Journal of Macroeconomics
FIN 4270 /7270 - History of Financial Thought

The American Finance Association (the AFA) is the world's largest and best known association for academics and practitioners in the area of finance. In 2004, the AFA launched an effort to organize and coordinate efforts to record the historical development of the academic field of finance. Fisher College of Business will continue the effort by hosting a series of session with leading academics as well as leading practitioners.

  • "On the Determinants of the Value of Options on Default-Free Bonds," with P. H. Hendershott, A. B. Sanders, Journal of Business, 63 (January 1990), pp. 33-50.
  • "Risk Aversion, Insurance Costs and Optimal Property-Liability Coverages," with M.L. Smith, Journal of Risk and Insurance, LIV (June 1987), pp. 225-245. 
  • "Stocks, Bills, Inflation and the Corporate Capital Structure Decision," with P. J. Hess, Proceedings: CRSP Seminar on the Analysis of Security Prices (May, 1987)
  • "NASDAQ/NMS Qualification Standards, Ohio Registration Experience and the Price Performance of Iniatial Public Offerings," with K. C. Chan, monograph published by the National Association of Security Dealers, Inc. (April 1987)
  • "Empirical Determinants of the Relative Yields on Taxable and Tax Exempt Securities," with P. J. Hess, Journal of Financial Economics, 17 (December 1986), pp. 335-355.


  • E-mail

    (614) 292-5026

    Department of Finance
    Fisher College of Business
    The Ohio State University
    700 Fisher Hall
    2100 Neil Avenue
    Columbus, OH 43210