Mark Seasholes

Visiting Professor of Business Administration

Mark Seasholes conducts research in the field of financial economics, focusing on trading behavior and asset prices around the world. He has written on cross-border equity investments, herding behavior of individual investors, and loss aversion. Current work focuses on liquidity and asset pricing. One project looks at the systematic liquidity demands of individual investors. A second project studies NYSE specialist inventories (a measure of liquidity provided to the market).

His work experience includes a number of years on Wall Street and in the emerging markets of East/Central Europe. Mark was one of the first equity analysts in post-communist Poland. He has completed a valuation project in Honduras, helped with the Lloyds of London restructuring, and given a series of lectures in the People's Republic of China. Mark's experience also includes work with State Street Bank and Trust and their portfolio flow indices.

Professor Seasholes has teaching experience in a number of countries and cultures. He taught at U.C. Berkeley Haas School from 2000 to 2007 where he won teaching awards in three different programs. Other teaching experiences include London Business School, Hong Kong University of Science and Technology, Santa Clara University, and UT Austin. Visiting positions include INSEAD (France), Northwestern-Kellogg (USA), and University of Grenoble (France).

He received his BA from Wesleyan University where he graduated with high honors in physics, Phi Beta Kappa, and University Honors (the university's highest award.) University Honors was awarded to 5 of 650 graduates his year. He received his AM and PhD degrees from Harvard University.

 

 

Cases and Teaching Materials

  1. USAA: Catastrophe Risk Financing

    Describes the first major risk financing using catastrophe bonds. Provides a basis for discussing the securitization of insurance risks.

    Keywords: Financial Management; Insurance; Capital Markets; Natural Disasters; Risk Management; Bonds; Insurance Industry; Financial Services Industry; United States;

    Citation:

    Froot, Kenneth A., and Mark Seasholes. "USAA: Catastrophe Risk Financing." Harvard Business School Case 298-007, July 1997. (Revised September 1997.) View Details
  2. Futures on the Mexican Peso

    The Chicago Mercantile Exchange needs to decide how to design, and whether and when to introduce, a futures contract on the Mexican peso.

    Keywords: Exchange rates; money markets; futures market; country analysis; International Finance; Financial Markets; Futures and Commodity Futures; Financial Services Industry; Chicago; Mexico;

    Citation:

    Froot, Kenneth A., Matthew McBrady, and Mark Seasholes. "Futures on the Mexican Peso." Harvard Business School Case 296-004, August 1995. (Revised October 1996.) View Details
  3. Telmex PRIDES

    The case examines an issue by a Mexican development bank of PRIDES written on Telmex stock. PRIDES are a dividend-enhanced security which are exchangeable into shares of the underlying stock. The focus is on pricing these instruments, which involve large peso-denominated payments at maturities beyond that of the Mexican yield curve. Further, the optionality of the PRIDES is interesting to analyze.

    Keywords: financial derivatives; securities; International Finance; Banks and Banking; Financial Instruments; Valuation; Mexico;

    Citation:

    Froot, Kenneth A., and Mark Seasholes. "Telmex PRIDES." Harvard Business School Case 296-009, March 1996. View Details