David W. Blackwell. Ph.D., University of Tennessee, Knoxville, June Major Field: Finance Minor Fields: Industrial Organization and Econometrics

Transcription

1 Education Ph.D., University of Tennessee, Knoxville, June Major Field: Finance Minor Fields: Industrial Organization and Econometrics B.S., University of Tennessee, Knoxville, December Major: Economics Professional Positions Dean, Gatton College of Business & Economics and Professor of Finance, University of Kentucky, March 2012-present. James W. Aston/RepublicBank Professor of Finance and Associate Dean for Graduate Programs, Mays Business School, Texas A&M University, January 2008-February Head, Department of Finance and James W. Aston/RepublicBank Professor of Finance, Mays Business School, Texas A&M University, July 2002-January Director, KPMG LLP, Forensic & Litigation Services, Atlanta, GA, October 2001-January Director, PricewaterhouseCoopers LLP, Financial Advisory Services, Atlanta, GA, January 2000-October Manager, PricewaterhouseCoopers LLP, Financial Advisory Services, Atlanta, GA, July December Associate Professor of Finance, Goizueta Business School, Emory University, August 1995-July Associate Professor of Finance, Department of Finance, University of Houston, September 1993 to August Associate Professor of Finance, Department of Banking and Finance, University of Georgia, September 1991 to August Visiting Assistant Professor of Business Administration, William E. Simon Graduate School of Business Administration, University of Rochester, March 1989 to August Assistant Professor of Finance, Department of Banking and Finance, University of Georgia, September 1985 to September Books David S. Kidwell, David W. Blackwell, David A. Whidbee, and Richard W. Sias, Financial Institutions, Markets, and Money, Eleventh Edition, 2012, John Wiley & Sons, Inc David W. Blackwell, Mark Griffiths, and Drew Winters, Modern Financial Markets: Prices, Yields, and Risk Analysis, 2007, John Wiley & Sons, Inc.

2 Refereed Publications "Changes in CEO Compensation Structure and the Impact of Firm Performance Following CEO Turnover," (With Donna Dudney and Kathleen A. Farrell), Review of Quantitative Finance and Accounting 29(3), October Local Lending Markets: What a Small Business Owner/Manager Needs to Know, (With Drew B. Winters), Quarterly Journal of Business and Economics 39(2), "The Value of Auditor Assurance: Evidence from Loan Pricing." (With Thomas Noland and Drew B. Winters), Journal of Accounting Research, Spring (Winner of the award for The Most Notable Contribution to the Auditing Literature, , Journal of Accounting Research) "Banking Relationships and the Effect of Monitoring on Loan Pricing," Journal of Financial Research 20, (With Drew B. Winters) "The Effect of Executive Compensation Policy on Long-Term Investment Expenditures," Advances in Financial Economics 3, (With Kathleen A. Farrell and Andreas Wunsch) "The Relationship between Corporate Compensation Policies and Investment Opportunities: Empirical Evidence for Large Bank Holding Companies," Financial Management 24, (With Joseph F. Sinkey and M. Cary Collins) "Thrift Scale Economies: An Alternative Approach," Quarterly Journal of Business and Economics 34, (With James E. McNulty and James A. Verbrugge) "Accounting-Based Performance and the Turnover of Divisional Managers: Evidence from Texas Banks," Journal of Accounting and Economics 17, (With James A. Brickley and Michael S. Weisbach) "Financial Innovation, Investment Opportunities, and Corporate Policy Choices for Large Bank Holding Companies," Financial Review 29, (With Joseph F. Sinkey and M. Cary Collins) "The Impact of the Amount of Advance Notification of Plant Closings on Firm Value," Journal of Business Research 31, (With M. Wayne Marr and Michael F. Spivey) 2

3 Refereed Publications (continued) "The Effect of Taxes on the Relative Valuation of Dividends and Capital Gains: Evidence from Dual-Class British Investment Trusts," Journal of Finance 46, (With James S. Ang and William L. Megginson) "Plant Closing Decisions and the Market Value of the Firm," Journal of Financial Economics 26, (With M. Wayne Marr and Michael F. Spivey) "Shelf Registration and the Reduced Due Diligence Argument: Implications of the Underwriter Certification and the Implicit Insurance Hypotheses," Journal of Financial and Quantitative Analysis 25, (With M. Wayne Marr and Michael F. Spivey) "An Investigation of Cost Differences Between Public Sales and Private Placements of Debt," Journal of Financial Economics 22, (With David S. Kidwell) Reprinted in Studies in Financial Institutions: Non-Bank Intermediaries, 1993, McGraw-Hill Book Company, Christopher James and Clifford W. Smith, eds. "The Economics of Leveraged Takeovers," Washington University Law Quarterly 65, (With Kenneth Lehn and Wayne Marr) Other Publications "A Note on Plant Closing Decisions: A Reply," Financial Management 22, 1993, FM Letters section. (With M. Wayne Marr and Michael F. Spivey) "Industrial Organization and its Schools of Thought," Survey of Business, Summer Working Papers Evidence on the Value of Lending Relationships in the Commercial Paper Market. (with Vladimir Kotomin and Drew B. Winters) College and University Service and Governance Member, President s Task Force to Evaluate Commercialization and Economic Development Activities at the University of Kentucky, 2012 Chair, Search Committee for Head of the Department of Management, Texas A&M University, Mays Business School,

4 College and University Service and Governance (continued) Panel Organizer, The Future of Energy: Unraveling the Economic Impacts of Energy Policy, Houston, TX, 2011 Member, Search Committee, Associate Vice President for Graduate Studies, Texas A&M University, 2010 Panel Organizer, The Business of Health: Expert Insights and Perspectives, Houston, TX, 2009 Panel Organizer and Moderator, Upheaval and Uncertainty in the Global Financial Markets, Houston, TX, 2008 Member, Graduate Operations Council, Texas A&M University, Member, Executive Committee of the Master of Agribusiness (MAB) Program, Texas A&M University, Member, Executive Committee of the Master of Biotechnology (MBIOT) Program, Texas A&M University, Member, Proposal Review Committee for Aggiebucks Unlimited RFP, Texas A&M University, 2008 Member, Texas A&M University Honor Council, Member, Search Committee for Head of Department of Information and Operations Management, Mays Business School, 2005-April 2006 Co-Chair, Ph.D. in Agribusiness Feasibility Task Force, Texas A&M University, Member, Texas A&M University Department Heads Council Steering Committee, Member, Executive Committee, Mays Business School, Member, Department Heads Council, Texas A&M University, Member, Distance Education Task Force, Mays Business School, Member, Tuition Implementation Task Force, Mays Business School,

5 College and University Service and Governance (continued) Member, University Research Committee, Emory University, Representative to Coordinating Committee for the Atlanta Finance Forum/Atlanta Finance Workshop, Member, Executive Education Strategic Planning Committee, Goizueta Business School, Emory University, Member, Priorities Committee, Goizueta Business School, Emory University, Member, EMBA Program Committee, Emory University, Moderator, International Career Panel, Emory University, Featured Speaker, Texas-Argentina Seminar, University of Houston, Member, Governing Council of the Institute for Business, Ethics, and Public Issues, University of Houston, Recruiting Coordinator, Department of Finance, University of Houston, Coordinator of Seminar Series, Department of Finance, University of Houston, Member, Ad Hoc Curriculum Committee, Department of Finance, University of Houston, Member, Department of Finance Promotion and Tenure Committee, University of Houston, Member, College of Business Administration Grievance Committee, University of Houston, Member, University Council, University of Georgia, Member, Ad Hoc Committee to Revise the MBA Program, Terry College of Business, University of Georgia,

6 College and University Service and Governance (continued) Chair, Educational Policy Committee, Terry College of Business, University of Georgia, Member, Executive Committee, Terry College of Business, University of Georgia, Member, University Consolidated Grievance Procedure Panel, University of Georgia, Co-Coordinator of Graduate Programs, Department of Banking and Finance, University of Georgia, Faculty advisor for Delta Sigma Pi, The Professional Business Fraternity, University of Georgia, Member, Computer Users Advisory Committee, Terry College of Business, University of Georgia, Chair, Computer Users Advisory Committee, Terry College of Business, University of Georgia, Acting Chair of the Graduate Programs Committee, Terry College of Business, University of Georgia, Fall Quarter, Courses Taught Finance Theory (Ph.D.) Research Methods (Ph.D.) Corporate Financial Policy (Undergraduate, MBA, EMBA, and Ph.D.) Financial Institutions and Markets (Undergraduate and MBA) Working Capital Management (Undergraduate) Commercial Banking (Undergraduate and MBA) Portfolio Analysis (Undergraduate) Executive Education Long-Term Investment Decisions and Value Creation, Halliburton, New CEO Academy, Managing the Bank s Investment Portfolio, Georgia Bankers Association, Financial Management for Physician-Managers, Kaiser-Permanente,

7 Executive Education (continued) Tactical Financial Selling: What CEOs and CFOs Consider When Making Large Buying Decisions, IBM, Corporate Finance, Southwire Company (senior level executives), Emory University, Capital Strategies: Implications for Investors, Advanced Investor Relations Program, Emory University, Corporate Finance, LIMAK Program (mid- and senior level managers from Austria), Emory University, Corporate Finance, Management Development Program, Emory University, Corporate Finance, Developing Leaders in High Potential Managers, Emory University, Instructor, Georgia Banking School, Financial Statement Analysis, 1990 to Coordinator, Georgia Banking School, Bank Management Simulation, 1985 to present. Instructor, Georgia Banking School, Investments I, 1992 to Instructor, Georgia Banking School, Investments II, 1997 to Trained Polish bankers as new instructors for the Warsaw Institute of Banking, Warsaw, Poland, April Conducted seminars on money and capital markets for the Warsaw Institute of Banking, Warsaw, Poland, November Conducted seminar on interest rate risk management for People's Construction Bank of China (PRC), October Conducted seminar on money and capital markets for the Bratislava Institute of Banking, Bratislava, Slovakia, June Conducted seminar on money and capital markets for the Warsaw Institute of Banking, Warsaw, Poland, June

8 Executive Education (continued) Conducted seminar on money and capital markets for the Warsaw Institute of Banking, Warsaw, Poland, March Conducted seminars on commercial banking in various management training programs of Chemical Bank, Assistant Academic Director, Georgia Banking School, September 1985 to August Instructor, University of Georgia School for Executive Development, Bank Management Simulation, Instructor, University of Georgia School for Executive Development, Financial Statement Analysis, Instructor, Georgia Banking School, Current Economic Problems, Coordinator, Georgia Banking School, Cases in Bank Management, 1985 to Instructor, Funds Management Course: Money Markets and Instruments, The Graduate School of Banking of the South, Louisiana State University, Papers Presented at Professional Meetings Evidence on the Value of Lending Relationships in the Commercial Paper Market. Western Economics Association/NAEFA, Evidence on the Value of Lending Relationships in the Commercial Paper Market. Financial Management Association, Unraveling the Mystery of Closed-End Funds. Southern Finance Association, 2001 "The Value of Auditor Assurance: Evidence from Loan Pricing, Academy of Entrepreneurial and Small Firm Finance, New Orleans, LA, 1996; Western Regional AAA (American Accounting Association) meetings, Jackson Hole, Wyoming, 1996; Mid-Year Auditing Section Conference (AAA), Las Vegas, Nevada, "Changes in CEO Compensation Following Dual-Class Recapitalization," Financial Management Association meetings, New York, NY, "Capital Structure Variation Among Newly Public Firms," Financial Management Association meetings, New York, NY,

9 Papers Presented at Professional Meetings (continued) "Changes in the Structure of CEO Compensation and the Firm's Pay-Performance Sensitivity Following CEO Turnover, Financial Management Association Meetings, St. Louis, 1994; Southern Finance Association Meetings, Charleston, 1994; Utah Winter Finance Conference, Salt Lake City, 1995; Southwestern Finance Association Meetings, Houston, "Capital Structure Variation Among Newly Public Firms," paper presentation at the Southern Finance Association meetings, Charleston, SC, 1994; 7th Annual International Symposium on Small Business Finance, Tallahassee, FL, 1995; Financial Management Association meetings, New York, NY, "The Effect of Executive Compensation Policy on Long-Term Investment Expenditures," Financial Management Association Meetings, Toronto, 1993; Southern Finance Association Meetings, New Orleans, "Accounting-Based Performance and the Turnover of Divisional Managers: Evidence from Texas Banks," NBER Summer Institute 1991, Workshop on the Economics of Labor, Cambridge, MA, 1991; Financial Management Association Meeting, San Francisco, CA, "Monitoring, Reputation, and the Value of Relationship Banking: An Empirical Study of Revolving Credit Agreements," Financial Management Association Meeting, Chicago, IL, "Plant Closing Decisions and the Market Value of the Firm," Eastern Finance Association Meeting, Charleston, SC, 1990; Southern Finance Association Meeting, Savannah, GA, 1990, winner of the award for outstanding paper in corporate finance. "The Effect of Taxes on the Valuation of Cash versus Stock Dividends: The Case of Dual-Class British Investment Trusts," American Finance Association Meeting, New York, NY, 1988; Western Finance Association Meeting, Napa, CA, "An Investigation of Cost Differences Between Public Sales and Private Placements of Debt," Financial Management Association Meeting, New York, NY, 1986; Eastern Finance Association Meeting, Miami, FL, 1988; Western Finance Association Meeting, Napa, CA, "Shelf Registration and the Reduced Due Diligence Argument: Implications of the Underwriter Certification and the Implicit Insurance Hypotheses," Financial Management Association Meeting, Las Vegas, NV, "Plant Closings: Shareholders' Wealth, Advance Notice, and Takeover Activity," Financial Management Association Meeting, New Orleans, LA, 1988; Southwest Finance Association Meeting, New Orleans, "Bank Regulation, Investment Opportunities, and Corporate Policy Choices for Large Bank Holding Companies, ," Southern Finance Association Meeting, New Orleans, LA, "The Authorization of 'Blank-Check' Preferred Stock as a Takeover Defense: An Empirical Analysis, Western Finance Association Meeting, Napa, CA,

10 Discussant or Chairperson at Professional Meetings Discussant, Southern Finance Association, 2000 Discussant, Financial Management Association, 1996 Chairperson, Financial Management Association, 1995 Chairperson, Southern Finance Association, 1990 Discussant, Financial Management Association, 1990 Chairperson, Eastern Finance Association, 1990 Discussant, American Finance Association, 1988 Discussant, Southern Finance Association, 1986 Discussant, Eastern Finance Association, 1985 Other Professional Activity Member, Board of Directors, Twin Cities Endowment, Member, Board of Directors, The Washington Campus, President, Southern Finance Association, Vice President-Program, Southern Finance Association, Member, Board of Directors, Southern Finance Association, Associate Editor, Journal of Financial Research, Editorial Board, Journal of Business Research, Journal Referee Journal of Financial Economics Journal of Finance Journal of Banking and Finance Financial Management Journal of Accounting and Economics Journal of Financial Research Financial Review Journal of Risk and Insurance Quarterly Journal of Business and Economics Journal of Economics and Business The Journal of Real Estate Finance and Economics Association of Real Estate and Urban Economics (AREUEA) Journal Municipal Finance Journal Journal of Multinational Financial Management Quarterly Review of Economics and Finance 10

11 Program Development at Professional Meetings Program Committee, Financial Management Association, 2004 Vice President-Program, Southern Finance Association, 1998 Program Committee, Financial Management Association, 1996 Program Committee, Financial Management Association, 1995 Track Chair (Corporate Finance), Southern Finance Association, 1995 Program Committee, Southwestern Finance Association, 1994 Program Committee, Financial Management Association, 1993 Program Committee, Financial Management Association, 1992 Track Chair (Investments), Eastern Finance Association, 1992 Program Committee, Southern Finance Association, 1991 Program Committee, Financial Management Association, 1991 Program Committee, Southern Finance Association, 1990 Program Committee, Eastern Finance Association, 1986 Awards and Honors Most Notable Contribution to the Auditing Literature, , Journal of Accounting Research Terry Research Fellowship, University of Georgia, 1991, Outstanding Paper in Corporate Finance, Southern Finance Association Meetings, Department of Banking and Finance, University of Georgia, Outstanding Teacher Award, Tennessee Banker's Association Fellowship, Beta Gamma Sigma The National Honor Society of Phi Kappa Phi. Roddy Scholar, University of Tennessee, Knoxville, Contact Information David W. Blackwell, Dean Gatton College of Business & Economics University of Kentucky Lexington, KY (office) (mobile) 11