Stephen A. Ross (Economist)

Stephen A. Ross is a prominent American economist best known for his contributions to finance and economics, particularly the development of the Arbitrage Pricing Theory, which helps explain asset pricing in financial markets. He introduced the concepts of risk and expected return, influencing how investors evaluate investments. Ross also contributed to the understanding of corporate finance and market efficiency. His work has had a profound impact on both academic research and practical applications in finance, shaping how we think about investments, risk management, and market behavior.