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James C. VanHorne

James C. VanHorne
Professor Emeritus, Finance
Contact Info
A.P. Giannini Professor of Banking and Finance, Emeritus
Academic Area: 

Research Statement

Professor VanHorne has focused his research on issues in corporate finance, valuation, and on the term structure of interest rates. His some 60 articles in finance, economic, and management journals often involve empirical inquiry. He is the author of five books, three of which — "Financial Management and Policy," 12th edition; "Financial Market Rates and Flows," 6th edition; and "Fundamentals of Financial Management," 12th edition, (coauthor) — have been widely used as texts in the U.S.A. and abroad. In addition, he has written 24 cases used in MBA courses in the school..


James VanHorne is the A.P. Giannini Professor of Finance, Emeritus, having come to Stanford in 1965. He has taught MBA courses in corporate finance, mergers and acquisitions, corporate restructuring, money & capital markets, fixed-income securities, and government and nonprofit debt financing. He was the first recipient of the distinguished teaching award by MBA students, and recipient again in 1997. He is the past president of the American Finance Association and of the Western Finance Association, and has been an active member of the Financial Economists Roundtable. He also has served as Associate Editor of several leading finance journals.

He received his BA from DePauw University and MBA and PhD degrees from Northwestern University. In the mid-1970s he served as Deputy Assistant Secretary of the U.S. Treasury, and has served on several Federal and State of California commissions and advisory groups. VanHorne has served on seven corporate boards and four nonprofit boards.  His research involves such things as capital budgeting, the effect of inflation, interest rate theory and behavior, corporate finance, and financial innovation.

Academic Degrees

  • DSci (Hon.), DePauw University, 1986
  • PhD, Northwestern University, 1964
  • MBA, Northwestern University, 1961
  • AB, DePauw University, 1957

Academic Appointments

  • At Stanford University since 1965
  • Associate Dean for Academic Affairs, Stanford GSB, 1976-1980
  • Associate Dean for Academic Affairs, Stanford GSB, 1973-1975
  • Director, Stanford MBA Program, Stanford GSB, 1970-1973
  • Assistant Professor, Michigan State University, 1964-1965

Professional Experience

  • Deputy Assistant Secretary, U.S. Treasury, 1975-1976
  • Commercial Lending Representative, Continental Illinois National Bank and Trust Company of Chicago, 1958-1962

Awards and Honors

  • Sloan Teaching Excellence Award, Stanford GSB, 1997
  • MBA Distinguished Teaching Award, Stanford GSB, 1997
  • MBA Distinguished Teaching Award, (first recipient), Stanford GSB, 1982
  • Davis Faculty Award for Lifetime Achievement, Stanford GSB, 1998.
  • Fellow of the American Finance Asociation, 2000



James C. VanHorne, John M. Wachowicz Harlow: FT Prentice Hall, 2009.
James C. VanHorne Upper Saddle River: Prentice Hall, January 2001.
James C. VanHorne Upper Saddle River: Prentice Hall, 2001.

Courses Taught

Degree Courses


The focus of this basic course is on the corporate financial manager and how he/she reaches decisions. Topics include: financial modelling; financing methods of various sorts; capital investment; exchange-rate risk management; acquisitions;...

Programs and Non-Degree Courses

Stanford Case Studies

Dougall & Gilligan Global Agency | F247
James Van Horne1996
Pender, Wilson & Company | F248
J. Van Horne1996
Fazio Pump Corporation | F214
James Van Horne1995
Morley Industries, Inc. | F250
James Van Horne1992

Teaching Materials

  • Numerous cases and other teaching materials.

Conferences, Talks, and Speaking Engagements

  • Over 100 conference presentations and other speeches involving macroeconomics and finance.

Stanford University Affiliations

Stanford GSB

  • Academic Dean, Director of the MBA Program, and numerous standing and ad hoc committees at the GSB.

Greater Stanford University

  • Academic Senate of Stanford University and several ad hoc committees.

Service to the Profession

Past Associate Editor

  • Journal of Finance
  • Journal of Financial & Quantitative Analysis
  • Journal of Fixed Income

Past Trustee or Director

  • DePauw University
  • Geo Hazards International Foundation
  • California/Nevada United Methodist Foundation
  • National Bureau of Economic Research
  • Bailard Fund Group
  • Impell Corporation
  • Knudsen corporation
  • Montgomery Street Income Securities
  • Sanwa Bank California
  • Suntron Corporation
  • Synnex Corporation

Past President

  • American Finance Association. 1984.
  • Western Finance Association, 1981

Past Commissioner, Member

  • Worker Compensation Reform Commission, State of California
  • International Advisory Group, Securities & Exchange Commission

In the Media

The Times, December 21, 2005
San Francisco Chronicle, April 2, 2002

Insights by Stanford Business

May 1, 2002
The Stanford GSB professor says earnings statements have declined in relevance since companies tweak them to make themselves look more profitable.

School News

July 7, 2015
Legendary professor emeritus returns to teach core finance course.
March 15, 2011
James C. Van Horne, the A.P. Giannini Professor of Banking and Finance, Emeritus, is the inspiration for colleagues, friends, and former students to establish an endowed chair in his honor.