Stephen Rush, Ph.D.


Stephen Rush, Ph.D.

  • Position: Assistant Professor
  • Phone: 419-372-8972
  • Email:
  • Address: 317 Maurer Center

Dr. Stephen R. Rush is an Assistant Professor in the Finance Department at Bowling Green State University. He is a Chartered Financial Analyst with a doctorate in finance from UConn and holds an MBA and MSF from Boston College. Before academia, Stephen enlisted in the Marine Corps where he served in various roles such as Jazz Combo leader, Platoon Sergeant, and Intelligence Chief. After the Marine Corps, he worked as an equity analyst conducting fundamental analysis and executing trades by combining trading algorithms.

Dr. Rush is interested in how information is aggregated and priced in the market. His research projects relate to the market impact from frictions in information search and information processing. He enjoys working on projects that require heavy computation due to large data sets or complex processing. His research papers have been published in the Journal of Finance, the Journal of Banking and Finance, the Journal of Fixed Income, and the Journal of Asset Management. Dr. Rush is ranked within the top 2% of authors on the Social Science Research Network (SSRN).

Dr. Rush oversees the student managed fund as part of the Portfolio Management course where students continue to outperform the market while managing real money.


Ph.D. Finance, The University of Connecticut School of Business 2016
Dissertation: Essays on Information Diffusion and Adverse Selection
2015 Finance Department Outstanding Ph.D. Student Scholar Award Recipient
2013 Finance Department Outstanding Ph.D. Student Scholar Award Recipient
2011 UConn School of Business Ph.D. Fellowship Recipient

MBA and M.Sc. Finance, Boston College 2011
Ranked #2 MSF program in the U.S. by the Financial Times
Activities: Graduate Tech Trek West, 2011
Additional Studies: Mathematics, Harvard University, 2010

B.S. Business Administration, Bryant University 2007
Concentrations: Finance and Economics
Honors: Magna Cum Laude in the Honors Program, Beta Gamma Sigma, Omicron Delta Epsilon
International Studies: Chinese, Capital Normal University, Beijing, China, Summer 2006


Assistant Professor of Finance, Bowling Green State University August 2016 to Present
FIN 4350 and MBA 5510 - Investment Analysis and Management
FIN 4360 - Portfolio Management and Student Managed Investment Fund
MBA 6060 - Financial Management

Finance Instructor, The University of Connecticut School of Business August 2012 to May 2016
FNCE 3101 - Financial Management
FNCE 3302 - Investments and Security Analysis
FNCE 4306 - Financial Services

Finance Lecturer, Bryant University May 2012 to May 2016
FIN 201 - Financial Management
FIN 312 - Investments
FIN 315 - Financial Institutions and Markets

Investment Analyst, Amica Mutual Insurance August 2007 to December 2009
Researched, recommended, and traded equities in the Technology and Alternative Energy sectors
Voted proxy statements on approximately 60 companies
Developed quantitative valuation models to evaluate individual company performance
Made weekly recommendations to the Chief Investment Officer and bimonthly written reports to the board of directors
Part of a team that managed approximately $5 billion across 6 portfolios beating the S&P 500

Fund Accountant, State Street Bank and Trust June 2007 to August 2007
Calculate NAV daily based on Bloomberg, Reuters, and IDC price and exchange rate information
Adjusting entries for share transactions, currency derivatives, expense accruals, and income payments
Fix failing trades and find missing information on non-DTC settled trades
Responsible for over $7 billion in assets under custody

Political / Military Analyst, U.S. Army Reserve March 2005 to March 2007
Wrote background papers for the European Command Joint Analysis Center
Coordinated analysis with reporting personnel

Sergeant, U.S. Marine Corps August 1996 to February 2005
Intelligence Chief - Provided the commanding officer with enemy strength, location, and probable courses of action
Platoon Sergeant - Supervised 35 Marines
Marine Band Pianist and Jazz Combo Leader

  • Information Asymmetry in Capital Markets
  • Empirical Asset Pricing
  • Market Microstructure
  • Computational Finance
  • Valuation

Rush, S. R. (2022). Conditional Correlation Network Data from the Financial Sector. Data in Brief41

Rush, S. R., & Borochin, P. (2022). Information Networks in the Financial Sector and Systemic Risk. Journal of Banking and Finance134.

Rush, S. R. (2018). The Bond Coupon’s Impact on Liquidity. The Journal of Fixed Income27(4), 34–39.

Updated: 05/22/2023 01:20PM