About Us

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

Egginton, J. F., Van Ness, B. F., & Van Ness, R. A. (in press, 2015). Quote Stuffing. 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.

Shkilko, A., Van Ness, B. F., & Van Ness, R. A. (2012). Short selling and intraday price pressures. Financial Management, 41 (2), 345-370.

 

Spurlin, P. P., Van Ness, B. F., & Van Ness, R. A. (2012). Short sales in the NYSE batch open and Nasdaq opening cross. International Journal of Managerial Finance, 8 (3), 159-182.

 

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.

 

Cole, B., Daigle, J., & Van Ness, B. (2015). Do tweets matter for shareholders: An empirical analysis. Journal of Accounting and Finance, 15 (3), 39-52.

Egginton, J., Van Ness, B., & Van Ness, R. (2012). Exchange entrances, mergers and the evolution of order flow on NASDAQ 1993-2010. Journal of Accounting and Finance, 12 (4), 66-85.

 

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.

Funck, M., Van Ness, B. F., & Van Ness, R. A. (2012). Fly the friendly Skynet: Reaction to a false-news event for United Airlines. Journal of Applied Finance, 22 (2), 101-112.

 

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.

 

Egginton, J., Van Ness, B., & Van Ness, R. (2016). Quote stuffing. Financial Management.

Van Ness, B. F., Van Ness, R. A., & Watson, E. (2015). Cancelling liquidity. Journal of Financial Research, 38 (1), 3-33.

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.

Blau, B., Van Ness, B. F., & Van Ness, R. A. (2012). Trade size and price clustering: The case of short sales and the suspension of price tests. Journal of Financial Research, 35 (2), 159-182.

 

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.

 

Blau, B., Fuller, K. P.,, & Wade, C. (2015). Short Selling and Price Pressure Around Merger Announcements. Journal of Financial Services Research.

Wade, C., Blau, B. M., & Fuller, K. P., (in press, 2015). Does short selling cause price pressure around merger announcements? Journal of Financial Services Research.

 

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.

Fier, S. G. & Liebenberg, A. P. (2013). Market Reaction to Potential Federal Regulation in the Insurance Industry. Journal of Insurance Issues, 36 (1), 1-34.

 

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.

Colquitt, L. L., Fier, S. G., Hoyt, R. E., & Liebenberg, A. P. (2012). Adverse Selection and the Demand for Credit Life Insurance. Journal of Insurance Regulation, 31 (1), 157-180.

 

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.

Wade, C., Liebenberg, A. P., & Blau, B. M. (in press, 2014). Information and Insurer Financial Strength Ratings: Do Short Sellers Anticipate Ratings Changes? Journal of Risk and Insurance.

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.

 

Che, X., Van Ness, B. F., & Van Ness, R. A. (2016). The market for small-cap stocks (NYSE MKT). Journal of Trading, 11 (1), 81-95.

Blau, B., Van Ness, B., & Van Ness, R. (2012). Do short sellers trade in anticipation of short interest announcements? Journal of Trading, 7 (4), 35-46.

 

Fier, S. G. & Liebenberg, A. P. (2013). Life Insurance Lapse Behavior. North American Actuarial Journal, 17 (2), 153-167.

 

Egginton, J., Van Ness, B. F., & Van Ness, R. A. (2016). Dealers and changing obligations: The case of stub quoting. Review of Quantitative Finance and Accounting.

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

Fier, S. G. & Liebenberg, A. P. (2014). The Directors' and Officers' Insurance Market. Risk Management and Insurance Review, 17 (2), 215-239.

Fier, S. G. & Liebenberg, A. P. (2014). The Market for Directors' and Officers' Insurance. Risk Management and Insurance Review, 17 (2), 215-239.

 

Davis, R. L., Van Ness, B. F., & Van Ness, R. A. (2014). Clustering of high frequency and non-high frequency trades. The Financial Review, 49 (2), 421-433.