Academic History

• PhD  The University of Iowa, 1986
• MBA  Bradley University, 1982
• BS    Bradley University, 1979

Expertise

• Derivatives (Arbitrage and Valuation)

• Financial Institutions (Risk Assessment and Valuation)

• Incomplete Markets

• Investments (International, Microstructure)

• Term Structure of Interest Rates

Selected Publications

• “A Theory of International Takeover Bidding,” New Advances in Financial Economics ed, by D.K. Ghosh, Peragmon Press, 1996 (with V.R. Errunza and S. Nagarajan).

• “Debt-for-Equity Swaps under a Rational Expectations Equilibrium,” Journal of Finance (1989), 663-680 (with V.R. Errunza).

• “Deposit Insurance and Bank Interest Rate Risk:  Pricing and Regulatory Implications,”  Journal of Banking and Finance (September, 1995) (with J.C. Duan and C.W. Sealey).

• “Fixed Rate Deposit Insurance and Risk-Shifting Behavior at Commercial Banks,” Journal of Banking and Finance (July 1992), 715-742 (with J.C. Duan and C.W. Sealey).

• “Incentive Compatible Deposit Insurance Pricing and Bank Regulatory Policy,” Research in Finance, JAI Press, 1993, 207-227 (with J.C. Duan and C.W. Sealey).

• “Individual-Specific Friction, Uncertain Effective Tax Rates and Historical Price Dependency in Asset Prices,” Proceedings of the Ninth Annual Australian Banking and Finance Conference ed., J. Suchard, N. Esho and A. Moreau, University of New South Wales Press, 1997.

• “International Market Microstructure and the Pricing of ADR's,” in Global Portfolio Diversification ed. by R. Aggarwal, Academic Press, 1995, 151-166 (with J.C. Duan and V.R. Errunza).

• “Some Implications of Traded Options on the Pricing of the Underlying Stock,” International Review of Finance and Economics (1991), 1-14 (with J.C. Duan and C.W. Sealey).

• “Spanning and Efficiency in an Economy with Collective and Individual Risk,” Review of Quantitative Finance and Accounting (December 1993), 399-419 (with C.W. Sealey).

• “Spanning with Index Options,” Journal of Financial and Quantitative Analysis (June 1992), 303-310 (with J.C. Duan and C.W. Sealey).

Selected Conference Papers

• Australian Finance and Banking Conference, Sydney, Aust., Dec. 1997.

• Australian Finance and Banking Conference, Sydney, Aust., Dec. 1995.

• Financial Management Association, San Francisco, U.S., October 1992.

• European Finance Association, Lisbon, Portugal, Aug. 1992.

• Conference on Bank Structure and Deregulation, Chicago, U.S., May 1992.

• Southern Finance Association, Key West, U.S., Nov. 1991.

• Financial Management Association, Chicago, U.S., Oct. 1991.

• European Finance Association, Rotterdam, The Netherlands, Aug. 1991.

• French Finance Association, Louvan, Belgium, June 1991.

Committees

• MBA Review Committee, 2003-2004.
• Accreditation Committee, 2003-2004.
• Developed New Undergraduate Major in Finance, 2002-2003.
• Hiring Committee, MIS and Operations Management, 2001-2002.
• Educational Quality Ad Hoc Subcommittee, Policy, 1995-1998.
• Informational Technology Committee, 1995-1998.
• National Center for Banking and Finance Committee, 1995-1998.
• Research Grants Subcommittee, 1995-1998.
• School Computing Committee, 1995-1998.

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