Carl F. Luft
Academic Degrees
Ph.D. Georgia State University, Atlanta, GA, Finance, 1983
M.B.A. DePaul University, Chicago, IL, International Business, 1977
B.S. DePaul University, Chicago, IL, Finance, 1975
Academic Experience
Associate Professor (most recent), DePaul University (1982 - Now).
Professional Interests
Research: Valuation, Risk Management, Derivatives, Corporate Finance, InvestmentsTeaching: Risk Management, Valuation, Derivatives, Investments, International Finance
Selected Publications
Article
Deshmukh, S., Howe, K., Luft, C. (2006). Executive Stock Options: To Expense or Not?. Financial Management.
Luft, C., Levine, L. (2005). The Impact of Liquidity and Size to Return, Volatility, and Bid/Ask Spread. Journal of Alternative Investments,95-106.
Deshmukh, S., Howe, K., Luft, C. (2004). Stock Option Expensing and Corporate Governance. Strategic Finance (feature section),41-46.
Fatemi, A., Luft, C. (2002). Corporate Risk Management: Costs and Benefits. Global Finance Journal,29-38.
Luft, C. (2002). Quantifying the Discount for Lack of Marketability in Employee Stock Options. Mergers and Acquisitions.
Non-Academic Experience
Expert Witness, Various legal firms and consulting firms (1994 - 2008).
Consultant & Instructor, Chicago Mercantile Exchange (1986 - 2008).
Selected Consulting
2008: Paid Instructor for Employee Education/Training Program, Spot Trading LLC
2007: Consulted on two projects dealing with small firm valuation and option, RSM MCGladrey
2006: Paid Instructor, Chicago Mercantile Exchange
2006: I collaborated with Chicago Mercantile Exchange Foreign Exchange Produ, Chicago Mercantile Exchange
2006: Expert Witness, RSM McGladrey Inc.
Selected Professional and Community Service
Academic Conference: Discussant
2004: Financial Management Association, Discussant
Academic Conference: Panelist
2004: Risk Management Conference, Participant/Discussant, The Risk Management Conference, sponsored by the Chicago Board of Trade and the Chicago Board Options Exchange
Board of Directors
2004: Acme Continantal Credit Union
Reviewer: Ad Hoc Review of Article or Manuscript
2005: Journal of Business Research
2004: Review of Financial Economics, Journal Referee
Chair of a Committee
2004-2006: Vincentian Investment Commission, Board member and chair
2003: Vincentian Investment Commission, Board member and chair
Other Community Service Activities
2004: Downers Grove Longshot 14 year old Travel Baseball Team, Manager
2003: Downers Grove Longshot 13 year old Travel Baseball Team, Manager