Robert Webb headshot
RW

Robert I. Webb

Professor
Unit: McIntire School of Commerce
Department: McIntire School of Commerce
Office location and address
Rouss & Robertson Halls 388
40 South Lawn
Charlottesville, Virginia 22904
Education
Ph.D., Finance, University of Chicago
M.B.A., Finance, University of Chicago
B.B.A., Business Administration, University of Wisconsin at Eau Claire
Biography

Professor Webb specializes in the study of speculative markets, with particular emphasis on how differences in market structure—or the way financial markets are organized—affect the behavior of financial market prices. He is also interested in how traders make decisions and how “noise” (i.e., noninformational factors) affects financial markets. His current research interests include the impact of high-frequency trading on financial market prices, latency, and behavioral finance. Professor Webb is the Editor of Journal of Futures Markets, a leading academic journal focusing on derivative securities and markets. He is the author of the books Trading Catalysts: How Events Move Markets and Create Trading Opportunities (FT Press, 2007) and Macroeconomic Information and Financial Trading(Blackwell, 1994) and co-author of Shock Markets: Trading Lessons for Volatile Times (FT Press 2013).  He has written articles for academic journals such as Journal of EconometricsJournal of Business & Economic Statistics; and Journal of Futures Markets, among others. He has also written articles for the financial press, including The Wall Street JournalNikkei WeeklyInvestor’s Business DailyMK Economic Newspaper; and Nihon Keizai Shimbun. His experience includes trading fixed income securities for the World Bank (consultant); trading financial futures and options for the Chicago Mercantile Exchange (member); designing new financial futures and option contracts for the Chicago Mercantile Exchange (senior financial economist); serving as Senior Financial Economist at both the Executive Office of the President, Office of Management and Budget and the U.S. Commodity Futures Trading Commission; and consulting on risk management issues for the Asian Development Bank in Manila. He served as a Visiting Professor at the Darden Graduate School of Business Administration at the University of Virginia from 1994 to 2013. He held a joint appointment at the KAIST (Korea Advanced Institute of Science and Technology) Business School in Seoul, Korea, from 2009 to 2012.

COMM 3030: Quantitative and Financial Analysis
Credits: 4
Covers basic analytical tools used in marketing and finance. Introduces a disciplined problem-solving process to structure, analyze, and solve business problems that is used extensively in case discussions. Topics include marketing research; exploratory data analysis, financial statement analysis, basic stock and bond valuation, pro forma statement analysis, cash budgeting, capital budgeting, regression analysis, and analyzing risk and return. Excel is used extensively throughout this session. Prerequisite: Third-year Commerce standing.
COMM 3040: Strategic Value Creation
Credits: 5
Provides an overview of corporate & global strategy, introducing frameworks for valuing companies, assessing the impact of strategic initiatives on firm value, & understanding corporate communication strategies & techniques. Topics include corporate governance, diversification, mergers & acquisitions, alliances, international market entries, DCF & relative valuation methods, corporate reputation management, investor & media relations.
ZFOR 3503: International Study
Placeholder course for students studying abroad
COMM 4589: Global Commerce Immersion: General Topics
Credits: 3
Global Commerce courses that do not count in any concentration.
COMM 5700: Financial Trading
Credits: 3
This course examines the nature and influence of trading on financial market prices. Particular attention is directed to the role of noise in financial markets; the psychology of participants in financial markets; the identification of potential profitable trading opportunities; back office processing of trades; the management of the trading function; and artificial neural networks and AI expert trading systems. Mock pit trading sessions are held to give firsthand experience in simulated pit trading environments and illustrate some of the skills necessary for successful trading. Prerequisite: Fourth-year Commerce or graduate standing, or instructor permission.