Professor Angela Black

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Professor Angela Black
Professor Angela Black
Professor Angela Black

Emeritus Professor

About
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

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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  • Macroeconomic risk and the Fama-French Three factor model

    Black, A. J.
    Managerial Finance, vol. 32, no. 6, pp. 505-517
    Contributions to Journals: Articles
  • Non-Linear Predictability of Value and Growth Stocks and Economic Activity

    Black, A. J., McMillian, D.
    Journal of business finance & accounting, vol. 31, no. 3/4, pp. 439-474
    Contributions to Journals: Articles
  • Long run trends and volatility spillovers in daily exchange rates

    Black, A. J., McMillian, D.
    Applied Financial Economics, vol. 14, pp. 895-907
    Contributions to Journals: Articles
  • Are Stock Prices Too Volatile and Returns Too High? A Reassessment of the Empirical Evidence Using a Dynamic Version of the CAPM

    Black, A. J., Fraser, P.
    ICFA Journal of Applied Finance
    Contributions to Journals: Articles
  • Fundamental UK stock prices as determined by the macroeconomy

    Black, A. J., Fraser, P., Groenewold, N.
    Journal of Asset Management, vol. 4, no. 1, pp. 5-9
    Contributions to Journals: Articles
  • How Big is the Speculative Component in Australian Share Prices

    Black, A. J., Fraser, P., Groenewold, N.
    Journal of Economics and Business, vol. 55, no. 2, pp. 177-195
    Contributions to Journals: Articles
  • Stock Returns and the State of the Economy: A Historical Perspective Using Very Long-Run UK Data

    Black, A. J., Fraser, P., MacDonald, G.
    In: Innovation, Competition and Regulation in the Global Economy (ed. Bloch,H.), Edward Elgar Publishing, pp. 121-140, 19 pages
    Chapters in Books, Reports and Conference Proceedings: Chapters
  • The Value Premium: Rational, Irrational or Random

    Black, A. J., Fraser, P.
    Managerial Finance, vol. 29, no. 10, pp. 57-75
    Contributions to Journals: Articles
  • U.S. stock prices and macroeconomic fundamentals

    Black, A., Fraser, P., Groenewold, N.
    International Review of Economics & Finance, vol. 12, no. 3, pp. 345-367
    Contributions to Journals: Articles
  • Efficient Portfolio Diversification: Changing UK Stock Market Sector and Sub-Sector Volatilities, 1968-2000

    Black, A. J., Buckland, R., Fraser, P.
    Managerial Finance, vol. 28, no. 8, pp. 26-43
    Contributions to Journals: Articles
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