Chris Brooks is Professor of Finance and Director of Research at the ICMA Centre, part of Henley Business School, University of Reading, United Kingdom.
Brooks was formerly Professor of Finance at the Cass Business School, City University London. He holds a PhD and a BA in Economics and Econometrics, both from the University of Reading. His teaching has included statistics, econometrics, asset pricing and portfolio management, corporate finance and the philosophy of research. Brooks has acted as advisor and consultant to various agencies and companies and is on the editorial boards of numerous journals including the International Journal of Forecasting, Journal of Business Finance & Accounting, and the British Accounting Review. He was a member of the Accounting and Finance sub-panel for the 2008 Research Assessment Exercise and is a member of the Business and Management sub-panel for the Research Excellence Framework 2014. Brooks is a former member of the Executive Committee of the Conference of Professors of Accounting and Finance and is a member of the ESRC peer review college. Brooks has received research funding from the ESRC and from the Leverhulme Trust.
Brooks has diverse research interests including asset pricing, fund management, behavioural finance, financial history, and econometric analysis and modelling in finance and real estate. He is author or co-author of over 100 published articles and author or co-editor of six books that have been cited more than 5000 times. Brooks is well known as author of the first introductory econometrics textbook targeted at finance students, Introductory Econometrics for Finance (2014, Cambridge University Press), which now is in its third edition and has sold over 50,000 copies worldwide since it was first published.
Selected journal articles and books
Finance:
Oikonomou, I., Brooks, C. and Pavelin, S. (2014) The financial effects of uniform and mixed corporate social performance. Journal of Management Studies. ISSN 1467-6486 doi: 10.1111/joms.12064 (In Press)
Miffre, J. and Brooks, C. (2013) Do long-short speculators destabilise commodity futures markets? International Review of Financial Analysis, 30. pp. 230–240. ISSN 1057-5219 doi: 10.1016/j.irfa.2013.09.002
Miffre, J., Brooks, C. and Li, X. (2013) Idiosyncratic volatility and the pricing of poorly-diversified portfolios. International Review of Financial Analysis, 30. pp. 78–85. ISSN 1057-5219 doi: 10.1016/j.irfa.2013.05.007
Brooks, C., Cerny, A. and Miffre, J. (2012) Optimal hedging with higher moments. Journal of Futures Markets, 32 (10). pp. 909–944. ISSN 1096-9934 doi: 10.1002/fut.20542
Anderson, K., Brooks, C. and Katsaris, A. (2010) Speculative bubbles in the S&P 500: was the tech bubble confined to the tech sector? Journal of Empirical Finance, 17 (3). pp. 345–361. ISSN 0927-5398 doi: 10.1016/j.jempfin.2009.12.004
Brammer, S., Brooks, C. and Pavelin, S. (2006) Corporate social performance and stock returns: UK evidence from disaggregate measures. Financial Management, 35 (3). pp. 97–116. ISSN 1755-053X doi: 10.1111/j.1755-053X.2006.tb00149.x
Anderson, K. and Brooks, C. (2006) The long-term price-earnings ratio. Journal of Business Finance and Accounting, 33 (7–8). pp. 1063–1086. ISSN 1468-5957 doi: 10.1111/j.1468-5957.2006.00621.x
Brooks, C. and Katsaris, A. (2005) A three-regime model of speculative behaviour: modelling the evolution of the S&P 500 composite index. The Economic Journal, 115 (505). pp. 767–797. ISSN 1468-0297 doi: 10.1111/j.1468-0297.2005.01019.x
Shields, K., Olekalns, N., Henry, Ó. T. and Brooks, C. (2005) Measuring the response of macroeconomic uncertainty to shocks. Review of Economics and Statistics, 87 (2). pp. 362–370. ISSN 1530-9142 doi: 10.1162/0034653053970276
Brooks, C., Clare, A. D., Dalle Molle, J. W. and Persand, G. (2005) A comparison of extreme value theory approaches for determining value at risk. Journal of Empirical Finance, 12 (2). pp. 339–352. ISSN 0927-5398 doi: 10.1016/j.jempfin.2004.01.004
Brooks, C., Burke, S. P., Heravi, S. and Persand, G. (2005) Autoregressive conditional kurtosis. Journal of Financial Econometrics, 3 (3). pp. 399–421. ISSN 1479-8417 doi: 10.1093/jjfinec/nbi018
Brooks, C. and Katsaris, A. (2005) Trading rules from forecasting the collapse of speculative bubbles for the S&P 500 composite index. Journal of Business, 78 (5). pp. 2003–2036. ISSN 0740-9168
Real Estate:
Nneji, O., Brooks, C. and Ward, C. (2013) Commercial real estate and equity market bubbles: are they contagious to REITs? Urban Studies, 50 (12). pp. 2496–2516. ISSN 1360-063X doi: 10.1177/0042098013477700
Nneji, O., Brooks, C. and Ward, C. (2013) Intrinsic and rational speculative bubbles in the US housing market 1960–2011. Journal of Real Estate Research, 35 (2). pp. 121–151. ISSN 0896-5803
Anderson, K., Brooks, C. and Tsolacos, S. (2011) Testing for periodically collapsing rational speculative bubbles in US REITs. Journal of Real Estate Portfolio Management, 17 (3). pp. 227–241. ISSN 1083-5547
History:
Bell, A. R., Brooks, C. and Moore, T. K. (2014) The credit relationship between Henry III and merchants of Douai and Ypres, 1247–70. Economic History Review, 67 (1). pp. 123–145. ISSN 1468-0289 doi: 10.1111/1468-0289.12013
Bell, A. R., Brooks, C. and Moore, T. K. (2009) Interest in Medieval accounts: examples from England, 1272–1340. History, 94 (316). pp. 411–433. ISSN 1468-229X doi: 10.1111/j.1468-229X.2009.00464.x
Bell, A. R., Brooks, C. and Dryburgh, P. R. (2007) Interest rates and efficiency in medieval wool forward contracts. Journal of Banking & Finance, 31 (2). pp. 361–380. ISSN 0378-4266 doi: 10.1016/j.jbankfin.2006.04.006
Selected Books:
Brooks, C. (2014) Introductory econometrics for finance. 3rd edition. Cambridge University Press. ISBN 9781107661455
Bell, A., Brooks, C. and Prokopczuk, M., eds. (2013) Handbook of research methods and applications in empirical finance. Edward Elgar, Cheltenham, pp512. ISBN 9780857936080
Brooks, C. and Tsolacos, S. (2010) Real estate modelling and forecasting. Cambridge University Press, Cambridge, pp474. ISBN 9780521873390
Brooks, C. (2008) RATS handbook to accompany introductory econometrics for finance. Cambridge University Press, pp213. ISBN 9780521721684
