Professor Richard Payne

Professor of Finance; Module Leader – Foundations of Finance


Professor Richard Payne is Deputy Dean of Bayes Business School (formerly Cass) and a Professor of Finance. He’s also Module Leader for the ‘Foundations of Finance’ course of our online MSc in Global Finance.

Professor Payne has written on topics that include the determination of exchange rates, the links between exchange rates and equity index returns, algorithmic trading and market dynamics, the effects of transparency in equity markets, and the effects of short-selling on equity markets.

He has also worked in the asset management industry, and actively consults for banks, funds, regulators and government departments.

Areas of expertise

  • Asset pricing
  • Financial econometrics
  • Financial markets
  • International finance
  • Capital markets
  • Hedge funds
  • Investment banking

Recent publications

Neuberger, A. and Payne, R. (2020). The Skewness of the Stock Market over Long Horizons. The Review of Financial Studies. doi:10.1093/rfs/hhaa048

Benos, E., Payne, R. and Vasios, M. (2020). Centralized trading, transparency, and interest rate swap market liquidity: Evidence from the implementation of the dodd-frank actJournal of Financial and Quantitative Analysis, 55(1), pp. 159–192. doi:10.1017/S0022109018001527

Cartea, Á., Payne, R., Penalva, J. and Tapia, M. (2019). Ultra-fast activity and intraday market qualityJournal of Banking and Finance, 99, pp. 157–181. doi:10.1016/j.jbankfin.2018.12.003

Social profiles

Connect with Professor Payne on LinkedIn.

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