The goals of the Department of Finance are to prepare bachelors, masters, and doctoral students for successful professional careers in all areas of finance, and to advance the frontiers of financial knowledge through impactful and highly respected publised research.
Undergraduate students are served with four majors: Banking and Finance, Managerial Finance, Risk Management and Insurance, and Real Estate. Students develop analytic and decision making skills while engaging in practical real world applications so they are well prepared to pursue their professional goals in the world of finance.
The faculty of the Department of Finance includes nationally prominent scholars and experts who make outstanding contributions to financial knowledge and practice through cutting-edge research and other valuable service to the profession. Their research over the last five years has been published in the following highly respected academic journals:
Blau, B., Gorry, D., & Wade, C. (in press, 2016). Guns, Laws, and Public Shootings in the United States. Applied Economics.
Box, T. & Griffith, T. (in press, 2016). Price Clustering Asymmetries in Limit Order Flows. Financial Management
Hill, M., Kelly, W., Lockhart, B., & Van Ness, R. A. (2013). Determinants and Effects of Corporate Lobbying. Financial Management, 42 (4), 931-957.
Lynch, A., Haggard, K. S., & Howe, J. S. (2015). Do Baths Muddy the Waters or Clear the Air? Journal of Accounting and Economics, 59, 105-117.
Egginton, J., Van Ness, B., & Van Ness, R. (2013). An analysis of the FMA annual meetings: Presentation activity of institutions and individuals, 1996 - 2012. Journal of Applied Finance, 23 (2), 132-145.
Hoyt, R. E. & Liebenberg, A. P. (2015). Evidence of the Value of Enterprise Risk Management. Journal of Applied Corporate Finance, 27 (1), 41-47.
Balasubramnian, B. & Cyree, K. B. (2014). Has market discipline on banks improved after the Dodd-Frank Act? Journal of Banking and Finance, 41, 155-166.
Lynch, A., Puckett, A., & Yan, S. (2014). Institutions and the Turn-of- the-Year Effect: Evidence from Actual Institutional Trades. Journal of Banking and Finance, 49, 56-68.
Cyree, K. B., Griffiths, M. D., & Winters, D. B. (2013). Federal Reserve Financial Crisis Lending Programs and Bank Stock Returns. Journal of Banking and Finance, 37 (10), 3819-3829.
Cyree, K. & Spurlin, W. P. (2012). The effects of big-bank presence on the profit efficiency of small banks in rural markets. Journal of Banking and Finance.
Blau, B. M., Van Ness, R. A., & Warr, R. S. (2012). Short Selling of ADRs and Foreign Market Short-Sale Constraints. Journal of Banking and Finance, 36 (3), 886-897.
Wade, C. & Blau, B. M. (2012). Informed or speculative: Short selling analyst recommendations. Journal of Banking and Finance, 36, 14-25.
Alexandridis, G., Fuller, K. P.,, Terhaar, L., & Travlos, N. G. (2013). Deal Size, Acquisition Premia and Shareholder Gains. Journal of Corporate Finance.
Upson, J. & Van Ness, R. A. (in press, 2016). Algorithmic Trading, and Market Liquidity. Journal of Financial Markets.
Moser, S. S., Van Ness, B. F., & Van Ness, R. A. (2013). Securities lending around proxies: Is the increase in lending due to proxy abuse, or a result of dividends? Journal of Financial Research, 36 (1), 1-17.
Battalio, R., Shkilko, A., & Van Ness, R. A. (in press, 2015). To Pay or be Paid? The Impact of Taker Fees and Order Flow Inducements on Trading Costs in U.S. Options Markets. Journal of Financial and Quantitative Analysis.
Carson, J. M., Cole, C. R., & Fier, S. G. (2016). Name Changes and Future Growth: Evidence from the Life Insurance Industry. Journal of Insurance Issues, 39 (1), 1-37.
Fier, S. G. & Carson, J. M. (2015). Catastrophes and the Demand for Life Insurance. Journal of Insurance Issues, 38 (2), 125-156.
Russell, D. T., Fier, S. G., Carson, J. M., & Dumm, R. E. (2013). An Empirical Analysis of Life Insurance Policy Surrender Activity. Journal of Insurance Issues, 36 (1), 35-57.
Cole, C., Karl, B., & Wade, C. (in press, 2016). A Review of States' Decisions Regarding Health Insurance Exchanges. Journal of Insurance Regulation.
Fier, S. G., Gatzlaff, K. M., & Pooser, D. M. (2014). The State of the National Flood Insurance Program: Treading Water or Sinking Fast? Journal of Insurance Regulation, 33, 115-144.
Danielson, B., Harrison, D., Van Ness, R. A., & Warr, R. S. (2014). Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts. Journal of Real Estate Research, 36 (2), 221-251.
Cole, C. R., Fier, S. G., Carson, J. M., & Andrews, D. (2015). The Impact of Insurer Name Changes on the Demand for Insurance. Journal of Risk and Insurance, 82 (1), 173-204.
Berry-Stoelzle, T. R., Liebenberg, A. P., Ruhland, J. S., & Sommer, D. W. (2012). Determinants of Corporate Diversification: Evidence from the Property-Liability Insurance Industry. Journal of Risk and Insurance, 79 (2), 381-413.
Liebenberg, A. P., Carson, J. M., & Dumm, R. E. (2012). A Dynamic Analysis of the Demand for Life Insurance. Journal of Risk and Insurance.
Hill, M., Kelly, W., Fuller, K. P.,, & Washam, J. (2014). Corporate Cash Holdings and Political Connections. Review of Quantitative Finance and Accounting.
Wade, C. & Blau, B. M. (2013). Comparing the information in short sales and put options. Review of Quantitative Finance and Accounting, 41 (3), 567-583. [Quality: B*]
Fier, S. G., McCullough, K. A., Gabel, J. T., & Mansfield, N. R. (2015). Probability Updating and the Market for Directors' and Officers' Insurance. Risk Management and Insurance Review, 18 (1), 55-75