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Carl F. Luft
Associate Professor
Department of Finance
1 E. Jackson Blvd.
DePaul Center 6122
Chicago, IL 60604
(312) 362-8428
mozart.depaul.edu/~cluft
cluft@depaul.edu

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