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:
Balasubramnian, B. & Cyree, K. B. (2014). Has market discipline on banks improved after the Dodd-Frank Act? Journal of Banking & Finance, 41, 155-166.
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.
Fier, S. G., McCullough, K. A., & Carson, J. M. (2013). Internal Capital Markets and the Partial Adjustment of Leverage. Journal of Banking and Finance, 37 (3), 1029-1039.
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, 36 (9), 2593-2603.
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.
Balasubramanian, B. & Cyree, K. B. (2011). Market Discipline of Banks: Why Are Yield Spreads on Bank-Issued Subordinated Notes and Debentures Not Sensitive to Bank Risks? Journal of Banking and Finance, 35 (1), 21-35.
Brockman, P., Liebenberg, I., & Schutte, M. (2010). Comovement, Information Production, and the Business Cycle. Journal of Financial Economics, 97 (1), 107-129.
Fuller, K. P. & Goldstein, M. (2011). Do Dividends Matter More in Declining Markets (formerly Market movements and dividend preference and Dividend Policy and Market Movements). Journal of Corporate Finance, 17 (2), 457-473.
Alexandridis, G., Fuller, K. P., Terhaar, L., & Travlos, N. G. (in press, 2012). Deal Size, Acquisition Premia and Shareholder Gains. Journal of Corporate Finance, 20, 1-13.
Burns, N. & Liebenberg, I. (in press, 2011). U.S. takeovers in foreign markets: Do they impact emerging and developed markets differently? Journal of Corporate Finance, 17 (4), 1028-1046.
Akay, O., Cyree, K. B., Griffiths, M. D., & Winters, D. B. (2012). What Does PIN Identify? Evidence from the T-bill Market. Journal of Financial Markets, 15 (1), 29-46.
Moser, 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.
Cyree, K., Huang, P., & Lindley, J. T. (2012). The Economic Consequences of Banks' Derivatives Use in Good Times and Bad Times. Journal of Financial Services Research, 41 (3), 121-144.
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.
Danielson, B., Harrison, D., Van Ness, R. A., & Warr, R. S. (in press, 2013). Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts. Journal of Real Estate Research.
Hill, M., Kelly, W., Fuller, K., & Washam, J. (in press, 2012). Corporate Cash Holdings and Political Connections. Review of Quantitative Finance and Accounting, 42 (1), 123-142.
Bittlingmayer, G. & Moser, S. M. (in press, 2013). What does the corporate bond market know? The Financial Review, 49 (1), 1-19.
Egginton, J. F., Hilliard, J. I., Liebenberg, A. P., & Liebenberg, I. A. (2010). What effect did AIG's bailout, and the preceding events, have on its competitors? Risk Management and Insurance Review, 13 (2), 225-249.
Fier, S. G., McCullough, K. A., Gabel, J. T., & Mansfield, N. R. (in press, 2014). Probability Updating and the Market for Directors' and Officers' Insurance. Risk Management and Insurance Review.