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Education:
- Ph.D. - University of South Carolina, Major:
Finance, Minor: Risk Management, 1987
- BS - LaSalle University, Major: Finance, 1982
Research Interests:
- Mergers and Acquisitions
- Initial Public Offerings
- Fairness Opinions
- Corporate Governance
- Internal Audit and Financial Reporting
Teaching Interests:
- Principles of Corporate Finance
- Intermediate Financial Management
- Capital Markets and Institutions
- Internal Audit and Financial Reporting
- International Finance:
Australian Financial Institutions and
Markets
- Valuation
Honors and Activities:
- Working Paper Series Coordinator, Weinberg Center for Corporate Governance
(2004-2005)
- Curriculum Committee Chair (2004-2005)
- Promotion and Tenure Committee (1998-2003)
- Seminar Series Coordinator (2002-2003)
- Undergraduate Curriculum Committee (2004-2005)
- Committee on Information Resource Planning and
Management (1997-2001)
- Undergraduate Curriculum Committee (2004-2005)
- Assurance of Learning Task Force, (2004-2005)
- Department of Finance Chair Review Committee, (2001)
- Information Systems & Management Committee (2000-2001)
- Information Technology Advisory Committee (1998-2001)
- AACSB Steering Committee (1999-2001)
Recent Publications:
-
"Reducing
Compensation Expense: Valuing Options in Light of SFAS No. 123R,"
(with Jane Storero and Tara Stephenson),
Employee Benefit Plan Review,
November 2006.
-
"Information Asymmetries, Litigation Risk and
the Demand for Fairness Opinions: Evidence from U.S. Mergers and
Acquisitions, 1980-2002" 2005 Financial Management Association
Meetings, Chicago, IL
-
"Value of Fairness Opinions in US
Mergers and Acquisitions, 1980-2003," Laboratoire des Stratégies
Idustrielles (LASI), Université de Paris1 Panthéon-Sorbonne, April
2004.
-
“Fairness
Opinions and the Business Judgment Rule: An
Empirical Investigation of Target Firms’ Use of Fairness Opinions,”
Northwestern University Law Review,
2002, pp. 567-578
-
"A Visible
Hand: The
Regulation of Australian Financial Services,” Chapter in Research
in International Business and Finance, Lance Nail, ed., 2001,
pp. 195-224
-
“Signaling,
Financial Slack and Corporate Acquisitions,”
(with Norman H. Moore, and K. S. Maurice
Tse), Review of Quantitative Finance
and Accounting, 2000,pp. 195-216
- “Market
Valuation of Excess Pension Assets: Evidence from the Market for
Corporate Control,” (with Norman H. Moore),
Journal of Risk and Insurance,
1995, pp. 214-229
- “Dividend
Buying: Linking Dividend Announcements and Ex-dividend Day Effects,”
(with Donald H. Fehrs), Journal of
Accounting, Auditing, and Finance, 1995,
pp. 421-43
- “Bank
Holding Company Acquisition Activity: Evidence from Pre- and
Post-deregulation Periods,” (with Don P. Holdren, and W. Joe Mason,
Jr.), The Financial Review,
1994, pp. 275-292
- “Uncertainty
During Tender Offers and the Measurement of Shareholder Wealth
Effects,” (with
Rodney L. Roenfeldt and Jack W. Trifts),
Review of Quantitative Finance and Accounting,
1991, pp. 399-407
- “Choice of
Investment Banker and Shareholders' Wealth of Firms Involved in
Acquisitions,” (with Robert E. Miller),
Financial Management,
1991, pp. 34-44
- “Commentary on the 1982 FMA Program,” (with
Rodney L. Roenfeldt, Robert J. Sweeney and Steven J. Goldstein), Financial Management,
1982, pp. 52-54
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