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Mw.prof.dr. Rachel Pownall (Full Professor)
Mw.prof.dr. Rachel Pownall
Finance (Asset Pricing, Banking, Behavioural Finance, Capital Markets, Investments, Risk Management), Quantitative Methods (Econometrics)
Dr. Pownall completed a First-class Honors Bachelor’s degree on Economics and Econometrics at the University of Kent at Canterbury, in the UK in 1996. She completed a Masters in Finance and Econometrics in 1998, and then went on to complete her Ph.D. on Risk Management in International Financial Markets at Erasmus University, Rotterdam in 2001. She currently works at the TIAS and Maastricht University of Maastricht as a Professor of Finance. She is founder and Academic Director of the Master in Art Finance program at TIAS, together with Fudan University, China, and the Van Gogh Museum, Amsterdam, The Netherlands. She also founded and teaches on the Masterclass Art Finance and Collections Management at TIAS. She also teaches Financial Research Methods at Maastricht University, and Research Methods for Art Business at Sotheby’s Institute of Art, London, UK.
De Silva, D.G., Pownall, R.A., & Wolk, L. (2012). Does the Sun ‘Shine’ on Art Prices.
Journal of Economic Behavior and Organisation,
Graddy, K., Hamilton, J., & Pownall, R.A. (2012). Repeat Sales Indexes: Estimation Without Assuming that Errors in Asset Returns Are Independently Distributed. J
ournal of Real Estate Economics,
40(1) p 131-166.
Pownall, R. A., Lothian, J. & Koedijk, C.G. (2013). Irving Fisher: I discovered the Peso Problem. Forthcoming in the
Journal of International Money and Finance.
Pownall, R. A. Pownall & Wolk, L. (2013). Experience and Bidding Behaviour in Auction Markets.
European Economic Review,
De Silva, D.G., and R. A. J. Pownall, (2014). Going Green: Does it depend on Gender, Education or Income, Applied Economics, 46: 5 573-586.
May 23, 2017
Combining Tefaf, Art Basel and lecturing, economist Rachel Pownall is having a busy year...
March 7, 2017
Tefaf’s annual report reassesses the value of the art market
Rachel Pownall uses a different methodology to reassess the value of the art market...
November 6, 2014
What if financial planning is not in your genes?
Researchers at the TIAS FinanceLAB made an inventory of the saving habits of people with different personal backgrounds...
August 7, 2014
Women willing to sacrifice pension benefits as long as the investments are sustainable
Nearly half of the pension fund participants would settle for slightly lower returns as long as the investments are socially responsible in their eyes...
December 4, 2013
A new understanding of responsible investing preferences
Research shows that investors with a large proportion of educated female members have reason to take socially responsible investing seriously...
July 10, 2013
Will investments of passion ever be seen as a mainstream asset class?
Although many investors want to invest with their hearts, it is questionable if this will ever be seen as mainstream asset class...
July 10, 2013
Art market indexes
The growth of the global art market has increased the desire to track movements in the art market more accurately...
May 8, 2013
Investors find safe haven in art investments
More investors are looking for a safe haven, therefore there has been a continued growth in the demand for emotional assets...
March 21, 2013
Attitudes towards socially and environmentally responsible investment
Research on attitudes towards socially and environmentally responsible investment...
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