Education
Ph.D., City University of New York, 1982.
Major: Finance
Supporting Areas of Emphasis: Statistics
Dissertation Title: Determinants of Beta
MBA, Baruch College, 1974.
Major: Finance
B.A., City College of New York, 1970.
Major: Economics
About Robert
Dr. Rainish was a professor of finance at the University of New Haven prior to his retirement and elevation to the rank of Professor Emeritus.
Robert's research has examined the economic determinants of beta, impact of currency devaluation on the growth and wealth of a country and how our mathematical model of finance explains corporate theory, corporate operations and its implications on government policy. The first area of research demonstrated how the real economy impacts the measurement of beta which has enabled me to better explain why beta is a valid measure of risk but has measurement risk. The second area has expanded the understanding of the impact of devaluation on emerging countries. The third area demonstrated that when applied to a global environment the financial theory of the firm depends on the operational structure of the firm (MM’s separation assumption no longer holds); financial ratio analysis is inappropriate when a firm outsources (buys) operational activities; a firm’s interest does not need to be aligned with its home country’s self-interest; and performance metrics need to be adjusted to reflect how the firm is structured.
All research work is utilized in theclassroom. Robert's financial model research enables students to understand the global strategy of firms and confirms research done by the major consulting firms.