Bert Smoluk

Professor of Finance

B. Smoluk headshot
207-780-4407

Portland Campus, Luther Bonney Hall, Room 314


Spring 2024 Office Hours:

Tuesday 11:30 AM - 12:15 PM, Thursday 11:30 AM - 12:15 PM & By Appointment.

Research Interests

  • Asset pricing models
  • Financial economics
  • Economics of long-term disability claims rates
  • Option valuation

Courses Taught

Undergraduate: Investment Management; Derivatives: Options, Futures, and Swaps; Basic Financial Management.

Graduate: Investment Management; Derivatives: Options, Futures, and Swaps; Financial Management; Bond Management, Strategies, and Pricing; Economic Analysis.

Selected Publications

"The Spirit of Capitalism Among Income Classes" coauthored with John Voyer, forthcoming with Review of Financial Economics.

“Macroeconomic Influences on Social Security Disability Application Rates,” coauthored with Dana Kerr, Journal of Insurance Issues, Volume 34, No. 2, p. 112-150, Fall 2011.

Long-Term Disability Claims Rates and the Consumption-to-Wealth Ratio,” Journal of Risk and Insurance, Volume 76, No. 1, p. 109-131, March 2009.

“Evaluating Stock Returns with Time-Varying Risk Aversion Driven By Trend Deviations From the Consumption-to-Wealth Ratio: An Analysis Conditional on Income Levels,” co-authored with Jim Bennett, Review of Financial Economics, Volume 17, No. 4, p.261-279, December 2008.

“A Prerequisite for Meaningful State Economic Performance Comparisons: Adjusted for Population Density,” co-authored with Bruce Andrews, The Annals of Regional Science, June 2005, Volume 39, p. 253-272.

Working Paper: Oil Price Shocks: Bank Size and Firm Size Effects October 17 2017 JE&F

Working Paper: Pricing Extra Credit JFE November 10 2017

Working paper: Dynamically Engaged University Local June 20 2017 JF&F

B. Smoluk headshot
207-780-4407

Portland Campus, Luther Bonney Hall, Room 314


Spring 2024 Office Hours:

Tuesday 11:30 AM - 12:15 PM, Thursday 11:30 AM - 12:15 PM & By Appointment.

Research Interests

  • Asset pricing models
  • Financial economics
  • Economics of long-term disability claims rates
  • Option valuation