James C. VanHorne

Professor Emeritus, Finance
+1 (650) 723-2761

James C. VanHorne

The A.P. Giannini Professor of Banking and Finance, Emeritus

Academic Area:

Research Statement

James VanHorne has focused his research on issues in corporate finance, valuation, and on the term structure of interest rates. His some 60 articles in finance, economic, and management journals often involve empirical inquiry. He is the author of five books, three of which — Financial Management and Policy, 12th edition; Financial Market Rates and Flows, 6th edition; and Fundamentals of Financial Management, 12th edition (coauthor) — have been widely used as texts in the U.S. and abroad. In addition, he has written 24 cases used in MBA courses in the school.


VanHorne is The A.P. Giannini Professor of Banking and Finance, Emeritus, having come to Stanford in 1965. He has taught MBA courses in corporate finance, mergers and acquisitions, corporate restructuring, money and capital markets, fixed-income securities, and government and nonprofit debt financing. He was the first recipient of the distinguished teaching award by MBA students, and recipient again in 1997. He is the past president of the American Finance Association and of the Western Finance Association, and has been an active member of the Financial Economists Roundtable. He also has served as associate editor of several leading finance journals.

He received his BA from DePauw University and MBA and PhD degrees from Northwestern University. In the mid-1970s, he served as deputy assistant secretary of the U.S. Treasury, and has served on several federal and State of California commissions and advisory groups. VanHorne has served on seven corporate boards and four nonprofit boards. His research involves such things as capital budgeting, the effect of inflation, interest rate theory and behavior, corporate finance, and financial innovation.

Academic Degrees

  • DSci (Hon.), DePauw University, 1986
  • PhD, Northwestern University, 1964
  • MBA, Northwestern University, 1961
  • AB, DePauw University, 1957

Academic Appointments

  • At Stanford University since 1965
  • Associate Dean for Academic Affairs, Stanford GSB, 1973–75, 1976–80
  • Director, Stanford MBA Program, Stanford GSB, 1970–73
  • Assistant Professor, Michigan State University, 1964–65

Professional Experience

  • Deputy Assistant Secretary, U.S. Treasury, 1975–76
  • Commercial Lending Representative, Continental Illinois National Bank and Trust Company of Chicago, 1958–62

Awards and Honors

  • Fellow of the American Finance Association, 2000
  • Davis Faculty Award for Lifetime Achievement, Stanford GSB, 1998
  • MBA Distinguished Teaching Award (first recipient), Stanford GSB, 1982
  • Sloan Teaching Excellence Award, Stanford GSB, 1997
  • MBA Distinguished Teaching Award, Stanford GSB, 1997




Other Teaching

Programs and Non-Degree Courses

Financial Management Program
Stanford Executive Program

Stanford Case Studies

Conferences, Talks & Speaking Engagements

Over 100 conference presentations and other speeches involving macroeconomics and finance.

Service to the Profession

Past Associate Editor

  • Journal of Finance
  • Journal of Financial & Quantitative Analysis
  • Journal of Fixed Income

Past Trustee or Director

  • DePauw University
  • Geo Hazards International Foundation
  • California/Nevada United Methodist Foundation
  • National Bureau of Economic Research
  • Bailard Fund Group
  • Impell Corporation
  • Knudsen corporation
  • Montgomery Street Income Securities
  • Sanwa Bank California
  • Suntron Corporation
  • Synnex Corporation

Past President

  • American Finance Association,1984
  • Western Finance Association, 1981

Past Commissioner, Member

  • Worker Compensation Reform Commission, State of California
  • International Advisory Group, Securities & Exchange Commission

In the Media

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