Professor Angela Black
Emeritus Professor
- About
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- Email Address
- angela.black@abdn.ac.uk
- School/Department
- Business School
Biography
I joined the University of Aberdeen in 1999 and was promoted to Chair in Finance in 2003. Before joining Aberdeen I was a Lecturer in Economics at the University of St. Andrews. During my academic career I have been associate editor for many academic journals; and enjoyed supervising and supporting undergraduate, postgraduate and PhD students. I have always been interested in asset pricing and asking questions about the reasons why prices change and forever find it rewarding to discuss and explore these topics with students and colleagues.
My service to the University of Aberdeen includes Director of the Graduate School within the College of Arts & Social Sciences (2005-2008) and Head of the Business School (2008-2011). More recently, I was Director of Staffing within the Business School prior to retiring in 2023 and becoming Emeritus Professor. This new position offers a wonderful opportunity to focus on reading, writing and imagining new ideas.
Angela J Black (nee Devany)
- Research
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Research Overview
My research interests are predominantly in asset pricing.
Current Research
My current project is:
"Let's do what everyone else is doing". The purpose is to offer a multidisciplinary exploration of the efficient markets hypothesis drawing upon historical literature but using a statistical approach to convey a new perspective of tulipmania, the South Sea bubble, the nifty-fifty American blue chip bubble, the Japanese stock price bubble, the internet craze of 1999; and, the real estate bubble of the early 21 Century.
- Publications
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Page 1 of 1 Results 1 to 29 of 29
Adjustments in the Labor and Real Estate Markets: Estimates of the Time Series Variation in the Natural Vacancy Rate
Journal of Real Estate Literature, vol. 29, no. 2, pp. 83-108Contributions to Journals: ArticlesAdjustments in the Labor and Real Estate Markets: Estimates of the Time Series Variation in the Natural Vacancy Rate
Working Papers: Discussion PapersThe existence and source of stock return predictability: Evidence from dividend, consumption and output ratios
Journal of Asset Management, vol. 16, no. 3, pp. 186-208Contributions to Journals: ArticlesCointegration between stock prices, dividends, output and consumption: Evidence and forecasting ability for 29 markets
Review of Accounting & Finance, vol. 14, no. 1, pp. 81-103Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/RAF-09-2013-0103
- [ONLINE] Proquest
Forecasting Stock Returns: Do Commodity Prices Help?
Journal of forecasting, vol. 33, no. 8, pp. 627-639Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1002/for.2314
The use of teriparatide in the treatment of postmenopausal osteoporosis: experience of using bone markers and bone mineral density to monitor response
Scottish Medical Journal, vol. 58, no. 4, pp. E33-E34Contributions to Journals: Abstracts- [ONLINE] DOI: https://doi.org/10.1177/0036933013508051
The value premium and economic activity: long run evidence from the United States
Journal of Asset Management, vol. 10, no. 5, pp. 305-317Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1057/jam.2009.15
Are international value premiums driven by the same set of fundamentals?
International Review of Economics & Finance, vol. 16, no. 1, pp. 113-129Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1016/J.IREF.2005.05.002
House Prices, Fundamentals and Bubbles
Journal of business finance & accounting, vol. 33, no. 9, pp. 1535-1555Contributions to Journals: ArticlesAsymmetric risk premium in value and growth stocks
International Review of Financial Analysis, vol. 15, no. 3, pp. 237-246Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1016/J.IRFA.2004.12.001
Macroeconomic risk and the Fama-French Three factor model
Managerial Finance, vol. 32, no. 6, pp. 505-517Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/03074350610666238
Non-Linear Predictability of Value and Growth Stocks and Economic Activity
Journal of business finance & accounting, vol. 31, no. 3/4, pp. 439-474Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/j.0306-686X.2004.00546.x
Long run trends and volatility spillovers in daily exchange rates
Applied Financial Economics, vol. 14, pp. 895-907Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1080/0960310042000203037
Are Stock Prices Too Volatile and Returns Too High? A Reassessment of the Empirical Evidence Using a Dynamic Version of the CAPM
ICFA Journal of Applied FinanceContributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.2139/ssrn.257442
Fundamental UK stock prices as determined by the macroeconomy
Journal of Asset Management, vol. 4, no. 1, pp. 5-9Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1057/palgrave.jam.2240091
How Big is the Speculative Component in Australian Share Prices
Journal of Economics and Business, vol. 55, no. 2, pp. 177-195Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1016/S0148-6195(02)00135-2
Stock Returns and the State of the Economy: A Historical Perspective Using Very Long-Run UK Data
In: Innovation, Competition and Regulation in the Global Economy (ed. Bloch,H.), Edward Elgar Publishing, pp. 121-140, 19 pagesChapters in Books, Reports and Conference Proceedings: ChaptersThe Value Premium: Rational, Irrational or Random
Managerial Finance, vol. 29, no. 10, pp. 57-75Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/03074350310768517
U.S. stock prices and macroeconomic fundamentals
International Review of Economics & Finance, vol. 12, no. 3, pp. 345-367Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1016/S1059-0560(03)00016-9
Efficient Portfolio Diversification: Changing UK Stock Market Sector and Sub-Sector Volatilities, 1968-2000
Managerial Finance, vol. 28, no. 8, pp. 26-43Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/03074350210767997
Stock Market Short-termism: An International Perspective
Journal of Multinational Finance Management, vol. 12, no. 2, pp. 135-158Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1016/S1042-444X(01)00044-5
The impact of monetary policy on value and growth stocks: An international evaluation
Journal of Asset Management, vol. 3, no. 2, pp. 142-172Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1057/palgrave.jam.2240072
Nonlinear error correction in spot and forward exchange rates
Weltwirtschaftliches Archiv, vol. 137, no. 4, pp. 737-750Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1007/BF02707431
Earning curves and wage curves
Scottish Journal of Political Economy, vol. 47, no. 5, pp. 471-486Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/1467-9485.00174
Expected returns and business conditions: a commentary on Fama and French
Applied Financial EconomicsContributions to Journals: ArticlesInternational comparisons on stock market short-termism: How different is the UK experience?
The Manchester School, vol. 68, no. Suppl. 1, pp. 38-50Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/1467-9957.68.s1.3
Business conditions and speculative assets
The Manchester School, vol. 65, no. 4, pp. 379-393Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/1467-9957.00070
Earnings, overtime and regional labour markets
Regional Studies, vol. 27, no. 7, pp. 637-650Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1080/00343409312331347825
UK unit trust performance 1980-1989: A passive time-varying approach
Journal of Banking and Finance, vol. 16, no. 5, pp. 1015-1033Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1016/0378-4266(92)90038-2