Kenneth J. Singleton

Kenneth J. Singleton
Professor, Finance
Contact Info
KennethJ.Singleton
The Adams Distinguished Professor of Management
Professor of Economics (by courtesy), School of Humanities and Sciences
Susan Ford Dorsey Faculty Fellow for 2017-2018
Academic Area: 
Finance

Research Statement

Kenneth Singleton’s research focuses on econometric methods for estimation and testing of dynamic asset pricing models; modeling of term structures of government and defaultable bond yields; pricing credit derivatives; measuring and managing market, credit, and liquidity risks; and debt financing in emerging economies.

Bio

Kenneth Singleton is the Adams Distinguished Professor of Management at the Graduate School of Business at Stanford University. He has published widely on financial risks and their impacts on economic decision-making, including books on credit risk and dynamic asset pricing. His professional awards include the Smith-Breeden Prize (Journal of Finance), Frisch Medal (Econometrica), and the Stephen A. Ross Prize in Financial Economics (Foundation for the Advancement of Research in Financial Economics), and he is a Fellow of the Econometric Society, the Journal of Econometrics, and the Society for Financial Econometrics.

Ken is currently a faculty advisor to, and serves on the Investment Committee of, the Stanford GSB Impact Fund; and is a faculty advisor to Stanford Angels and Entrepreneurs. He was the Executive Editor of the Journal of Finance from 2012 to 2016; served as a Senior Associate Dean for Academic Affairs at the Stanford GSB from 2005 to 2008; was a special advisor to the chief economist at the IMF during the crisis in 2009; and co-led the Fixed Income Research group of Goldman Sachs, Asia while on leave from Stanford in the early 1990’s.

He is President of the Board of the 501(c)3 nonprofit 1 Grain to 1000 Grains that leads programs for low-income communities through which families discover intuitive and actionable plans for more healthful eating and for building financial capacity.

Ken holds a BA in Mathematics from Reed College and a PhD in Economics from the University of Wisconsin-Madison.

Academic Degrees

  • PhD, University of Wisconsin, Madison, 1977
  • MS, University of Wisconsin, Madison, 1975
  • BA, Reed College, 1973

Academic Appointments

  • At Stanford University since 1987
  • CRSP Visiting Professor of Finance, University of Chicago, 1986
  • Assistant Professor-Professor, Carnegie Mellon University, 1980-1987
  • Assistant Professor, University of Virginia, 1977-1980

Professional Experience

  • Vice-President, Goldman Sachs & Co., 1991-1993 (on leave from Stanford)

Awards and Honors

  • Susan Ford Dorsey Faculty Fellow, 2017-2018
  • Coulter Family Faculty Fellow, 2015-2016
  • Spence Faculty Fellow, Stanford Graduate School of Business, 2014-2015

Publications

Journal Articles

Kenneth J. Singleton, Scott Joslin, Marcel Priebsch. Journal of Finance. June 2014, Vol. 69, Issue 3, Pages 1197-1233.
Kenneth J. Singleton, Scott Joslin, Anh Lee. Journal of Financial Economics. September 2013, Vol. 109, Issue 3, Pages 604-622.
Kenneth J. Singleton, Scott Joslin, Anh Le. Journal of Financial Economics. 2013, Vol. 11, Issue 4, Pages 581-609.
Kenneth J. Singleton, Don H. Kim. Journal of Econometrics. September 2012, Vol. 170, Issue 1, Pages 32-49.
Kenneth J. Singleton, Stefan Nagel. Journal of Finance. June 2011, Vol. 66, Issue 3, Pages 873-909.
Kenneth J. Singleton, Francis A. Longstaff, Jun Pan, Lasse H. Pedersen. American Economic Journal: Macroeconomics. April 2011, Vol. 3, Issue 2, Pages 75-103.
Kenneth J. Singleton, Scott Joslin, Haoxiang Zhu. Review of Financial Studies. March 2011, Vol. 24, Issue 3, Pages 926.
Kenneth J. Singleton, Anh Le. Review of Financial Studies. May 2010, Vol. 23, Issue 5, Pages 2184.
Kenneth J. Singleton, Jun Pan. Journal of Finance. October 2008, Vol. 63, Issue 5, Pages 2345-2384.
Kenneth J. Singleton, Qiang Dai, Wei Yang. Review of Financial Studies. September 2007, Vol. 20, Issue 5, Pages 1669.
Darrell Duffie, Lasse Heje Pedersen, Kenneth J. Singleton. Journal of Finance. 2003, Vol. 58, Issue 1, Pages 119-159.
Kenneth J. Singleton, Qiang Dai. Review of Financial Studies. 2003, Vol. 16, Issue 3, Pages 631.
Kenneth J. Singleton, Qiang Dai. Journal of Financial Economics. March 2002, Vol. 63, Issue 3, Pages 415.
Kenneth J. Singleton. Journal of Econometrics. May 2001, Vol. 102, Issue 1, Pages 111-141.
Qiang Dai, Kenneth J. Singleton. Journal of Finance. 2000, Vol. 55, Issue 5, Pages 1943-1978.
Darrell Duffie, Jun Pan, Kenneth J. Singleton. Econometrica. 2000, Vol. 68, Issue 6 , Pages 1343 - 1376.

Books

Kenneth J. Singleton Princeton: Princeton University Press, 2006.

Teaching

Degree Courses

2017-18

This is a new MBA elective exploring innovative ways start-ups are altering household participation in financial services, by overcoming financial frictions and/or changing behaviors. "Inclusion"€ will be viewed broadly to encompass individuals...

Service to the Profession

  • Fellow, The Econometric Society
  • Research Associate, Natl. Bureau of Economic Research

Insights by Stanford Business

February 10, 2015
A better way to measure risk premiums in bond markets and, maybe, understand the links between economic activity and yields.
September 15, 2011
Research says there was an "economically and statistically significant effect of investor flows on futures prices."
November 1, 2001
Research suggests that companies are issuing these newly popular securities with more than raising capital in mind.

School News

November 30, 2017
A new MBA elective shows how households cope outside the traditional banking system, and explores the innovations that can enhance financial wellness.
December 5, 2016
A hands-on learning opportunity for students to manage a fund focused on social and environmental impact, Stanford GSB Impact Fund has made its first investment.
September 5, 2011
"Finance is becoming increasingly integrated with economics, and is drawing more widely from other disciplines," observes Singleton.