Dr. Antonio Camara
Associate Professor

acamara@okstate.edu
Personal Website

404 Business Building

405-744-1818 (office)
405-744-5199 (department)
405-744-5180 (fax)

Academic, Military, and Professional Positions

Oklahoma State University, Associate Professor, August 2006
University of Michigan, Flint, Associate Professor, August 2003 - August 2006
University of Strathclyde, Associate Professor, August 1998 - July 2003

Awards and Honors

Richard W. Poole Research Excellence Award (2009)
Best Paper in Risk Management, FMA Annual Meeting (2007)
Watson Family Chair in Commodity and Financial Risk Management (2006)
Research Initiative Fellowship (2005)
Golden Apple Award in Teaching Excelence (2005)
Rackham Faculty Fellowship (2004)
Golden Apple Award in Teaching Excelence (2004)
Golden Apple Award in Teaching Excelence (2004)
Technology Committee Software Award (2003)

Education

Ph D, Lancaster University, United Kingdom, Finance, 1997
MS, Universidade Tecnica de Lisboa, Portugal, Finance, 1992
MBA, Universidade Tecnica de Lisboa, Portugal, Business, 1990
BBA, Universidade Catolica Portuguesa, Business, 1987

Courses Taught

FIN 5763
- Derivative Securities and the Management of Financial Price Risk (Fall 2009)
FIN 4763
- Financial Futures and Options Markets (Spring 2009)
FIN 5773
- Financial Engineering (Spring 2009)
FIN 4763
- Financial Futures and Options Markets (Fall 2008)
FIN 5763
- Derivative Securities and the Management of Financial Price Risk (Fall 2008)
FIN 4763
- Financial Futures and Options Markets (Spring 2008)
FIN 5773
- Financial Engineering (Spring 2008)
FIN 5763
- Derivative Securities and the Management of Financial Price Risk (Fall 2007)
FIN 4763
- Financial Futures and Options Markets (Spring 2007)
FIN 5773
- Financial Engineering (Spring 2007)
FIN 4763
- Financial Futures and Options Markets (Fall 2006)
FIN 5763
- Derivative Securities and the Management of Financial Price Risk (Fall 2006)

Contracts, Grants, and Sponsored Research

Publications

Antonio Camara, 2009, ""Black-Scholes Legacy: Closed-Form Option Pricing Models" Financial Derivatives: Pricing and Risk Management, R. Kolb and J. Overdahl (eds.)," Wiley

Antonio Camara, Tim Krehbiel, Weiping Li, 2009, "Displaced Jump Diffusion Option Pricing," Journal of Derivatives, 17 (2)

Antonio Camara, 2009, "Earnings Based Bonus Compensation," Financial Review, 44, 469-488.

Antonio Camara, San-lin Chung, Yaw-huei Wang, 2009, "Option Implied Cost of Equity and its Properties," Journal of Futures Markets, 29, 599-629.

Antonio Camara, 2009, "Two Counters of Jumps," Journal of Banking and Finance, 33, 456-463.

Antonio Camara, Steve Heston, 2008, "Closed-Form Option Pricing Formulas with Extreme Events," Journal of Futures Markets, 28, 213-230.

Antonio Camara, 2006, "Valuation of Event-Contingent Options ," Journal of Financial Research, 29, 537-557.

Antonio Camara, San-lin Chung, 2006, "Option Pricing for the Transformed Binomial Class," Journal of Futures Markets, 26 (8), 759-787.

Antonio Camara, 2005, "A Model for Pricing Derivatives on Ceiling Underlying Variables," Alliance Journal of Business Research, 1 (2), 54-67.

Antonio Camara, 2005, "Option Prices Sustained by Risk-Preferences," Journal of Business, 78 (5), 1683-1708.

Antonio Camara, 2005, "Valuing Options When Stockholders Face Bankruptcy Risk," Midwest Finance Association

Antonio Camara, 2004, "On the Relevance of Preferences for the Pricing of Stock Options," Stock Option Watch, 2, 7-8.

Antonio Camara, 2003, "A Generalization of the Brennan-Rubinstein Approach for the Pricing of Derivatives," Journal of Finance, 58 (2), 805-820.

Presentations Given

An Analysis of the Implied Probability of Bankruptcy for Chapter 11 Firms and Global Banks Impacted by the Subprime Crisis
2009 FMA European Meeting
Financial Management Association
Turin, Italy - June 2009

An Analysis of the Implied Probability of Bankruptcy for Chapter 11 Firms and Global Banks Impacted by Subprime Crisis
2009 EFA Annual Meeting
Eastern Finance Association
Washington DC - April 2009

A new simple square root option pricing model
2009 MFA Annual Meeting
Midwest Finance Association
Chicago - March 2009

An Analysis of the Implied Probability of Bankruptcy for Chapter 11 Firms and Global Banks Impacted by the Subprime Crisis
2009 MFA Annual Meeting
Midwest Finance Association
Chicago - March 2009

A new simple square root option pricing model
2008 NTU International Conference in Finance
National Taiwan University
Taipe, Taiwan - December 2008

Expected returns, risk premia, and volatility surfaces implicit in option market prices
2008 FMA International Meeting
Financial Management Association
Dallas, USA - October 2008

Option Implied Cost of Equity and Its Properties
2008 FMA International Meeting
Financial Management Association
Dallas, USA - October 2008

Option Implied Cost of Equity and its Properties
2008 EFMA Meeting
European Financial Management Association
Athens, Greece - June 2008

Estimating Bankruptcy Risk from Stocks and Options
2008 Infinity Conference
University of Dublin
Dublin, Ireland - June 2008

Expected returns, Risk Premia, and Volatility Surfaces Implicit in Option Market Prices
2008 Derivatives Securities and Risk Management Conference
Federal Deposit Insurance Corporation
Arlington, Virginia - April 2008

Estimating Bankruptcy Risk from Stocks and Options
2008 EFA Annual Meeting
Eastern Finance Association
Florida, USA - April 2008

Estimating Bankruptcy Risk from Stocks and Options
2008 MFA Annual Meeting
Midwest Finance Association
Texas, USA - March 2008

Estimating Bankruptcy Risk from Stocks and Options
Webinar-PRMIA
Professional Risk Managers' International Association
Internet based - December 2007

Valuing Options when Stockholders face Bankruptcy Risk
2007 FMA International Meeting
Financial Management Association
Orlando, USA - October 2007

Valuing Options when Stockholders face Bankruptcy Risk
2007 FMA European Meeting
Financial Management Association
Barcelona, Spain - June 2007

Forward Neutral Valuation Relationships for Options on Zero Coupon Bonds
2007 EFA Annual Meeting
Eastern Finance Association
Louisiana - April 2007

Compensation under Manipulation
2006 FMA International Meeting
Financial Management Association
Salt Lake City, UT - October 2006

Option Pricing for the Transformed-Binomial Class
2005 FMA International Meeting
Financial Management Association
Chicago, USA - October 2005

Option Prices when Stockholders Face Bankruptcy Risk
2005 EFA Annual Meeting
Eastern Finance Association
Virginia, USA - April 2005

Option Prices when Stockholders Face Bankruptcy Risk
2005 MFA Annual Meeting
Midwest Finance Association
Wisconsin, USA - March 2005

Option Prices when Stockholders Face Bankruptcy Risk
2003 FMA International Meeting
Financial Management Association
Denver, USA - October 2003