YVETTE S. HARMAN, Ph.D.

AREAS OF INTEREST Research: Teaching: EDUCATION YVETTE S. HARMAN, Ph.D. Department of Finance Farmer School of Business Miami University Oxford, OH 45056 harmanys@miamioh.edu Corporate Governance, Agency Issues, Markets, Behavioral Finance Investments, Corporate Finance Ph.D. Florida State University Finance 2000 Dissertation: Bubbles, Fads and the Psychology of Investors (Dissertation Chair: Pamela P. Peterson) M.B.A. University of Central Florida Business 1996 M.S. University of Central Florida Industrial Psychology 1991 B.A. Arizona State University Psychology 1987 ACADEMIC AND PROFESSIONAL EXPERIENCE Miami University Associate Professor of Finance 2006 present Assistant Professor of Finance 2000 2006 Florida State University Graduate Teaching Assistant/Instructor 1996 1999 Taught: Financial Management of the Firm (including large sections) Graduate Research Assistant 1998 University of Central Florida Graduate Teaching Assistant 1994 1996 Taught: Business Finance Graduate Assistant 1988 1989 ESS Corporation Staff Consultant 1990 1994 Human resource training and consulting to Fortune 1000 companies, including Wendy s International, Ford Motor Company, Time-Warner Wilson Learning Corporation Research Associate 1989 1990 Security Pacific Bank of Arizona (formerly The Arizona Bank) Customer Assistance Representative 1986 1988

2 PUBLICATIONS IN REFEREED JOURNALS Evidence on the Outcome of Say-on-Pay Votes: How Managers, Directors and the Markets Respond, with Kelly Brunarski and T. Colin Campbell, Journal of Corporate Finance 30 (2015), 132 149. The Incentives of Grey Directors: Evidence from Unexpected Executive and Board Chair Turnover, with Kenneth A. Borokhovich, Thomas Boulton and Kelly R. Brunarski, Journal of Corporate Finance 28 (2014), 102 115. When Insiders are Preferred to Outsiders: The Impact of Performance and Ownership on Board Quality, with Kelly R. Brunarski and Kenneth A. Borokhovich, lead article in Corporate Finance Review 16 (July/August 2011), 5 17. Antitakeover Amendments and the Competing Incentives of Managers, Directors and Outside Stockholders, with Kenneth A. Borokhovich and Kelly R. Brunarski, The Southern Business & Economic Journal 33 (Winter/Spring 2010), 19-49. Duration Dependence in Stock Market Cycles Reconsidered, with Thomas W. Zuehlke, Review of Financial Economics, 16 (2007), 350-362. Variation in the Monitoring Incentives of Outside Stockholders, with Kenneth A. Borokhovich, Kelly R. Brunarski and Robert Parrino, The Journal of Law and Economics, 49 (2006), 651-680. The Importance of Board Quality in the Event of a CEO Death, with Kenneth A. Borokhovich, Kelly R. Brunarski, and Maura Skill, lead article in The Financial Review 41 (2006), 307-337. Dividends, Corporate Monitors and Agency Costs, with Kenneth A. Borokhovich, Kelly R. Brunarski, and James B. Kehr, The Financial Review 40 (2005), 37-65. Applying an Alternative Test of Duration Dependence to the Analysis of Speculative Bubbles, with Thomas W. Zuehlke, Advances in Financial Planning and Forecasting 11 (2005), 225-242. Duration Dependence Testing for Speculative Bubbles, with Thomas W. Zuehlke, lead article in Journal of Economics and Finance 28 (Summer 2004), 147-154. Agency Costs and the Dividend Decision, with Kelly R. Brunarski and James B. Kehr, The Journal of Corporate Ownership and Control 1 (Spring 2004), 44-60. Play Ball at My House: The Value of Naming Rights in Sports Complexes, with Carol Boyer, Stephen J. Ciccone, and Philip Swicegood, lead article in The Southern Business & Economic Journal 26 (Summer/Fall 2003), 103-118. Speculative Bubbles and U.S. Markets: An Empirical Analysis, with Pamela P. Peterson, Corporate Finance Review 7 (May/June 2003), 25-38. Collaborative Learning in the College Classroom: Building Knowledge with Teamwork and Technology, with Anthony K. Byrd, Journal of Educational Media 35 (1998), 195-208. A Teamwork Approach to Teaching Corporate Finance, with Anthony K. Byrd, Financial Practice and Education 7 (Spring/Summer 1997), 67-72. Learning to Use Simplified English: A Preliminary Study, with Margaret Thomas, Gloria Jaffe, J. Peter Kincaid, Technical Communication 39 (February 1992), 69-73. OTHER PUBLICATIONS Abstract of Behavioral Portfolio Theory, by H. Shefrin and M. Statman, Contemporary Finance Digest 4 (Winter 2001), 46-47.

3 Abstract of Earnings Management to Avoid Earnings Decreases and Losses, by D. Burghstahler and I. Dichev, Contemporary Finance Digest 2 (Autumn 1998), 55-56. WORKING PAPERS/WORK IN PROGRESS Why Should Non-Binding Votes Matter? Shareholder Votes on Say-on-Pay and Director Reputation, with Kelly Brunarski, T. Colin Campbell and Mary Elizabeth Thompson (submitted to the 2015 AFA Annual Meeting) Do Outside Stockholders Sway Boards to Hire Outside Managers? The Impact of Outside Blockholdings on CEO Succession, with Kenneth A. Borokhovich and Kelly Brunarski PRESENTATIONS AT REFEREED CONFERENCES The Unintended Benefits of Say-On-Pay, with Kelly Brunarski, T. Colin Campbell and Mary Elizabeth Thompson, 2014 Meeting of the Southern Finance Association, Key West, FL. Evidence on the Outcome of Say-on-Pay Votes: How Managers, Directors and the Markets Respond, with Kelly Brunarski and T. Colin Campbell, 2014 Meeting of the Financial Management Association, Nashville, TN. Are They Always Grey? Evidence on the Role of Affiliated Directors in Corporate Governance, with Kenneth A. Borokhovich, Thomas Boulton and Kelly R. Brunarski, 2013 Meeting of the Financial Management Association, Chicago, IL. and 2013 Meeting of the Southern Finance Association, Fajardo, PR. Corporate Control Mechanisms and their Combined Effect on Firm Value, with Kenneth A. Borokhovich and Kelly R. Brunarski, 2007 Meeting of the Financial Management Association, Orlando, FL. and 2007 Meeting of the Southern Finance Association, Charleston, SC. Heterogeneity in the Incentives to Adopt Antitakeover Charter Amendments, with Kenneth A. Borokhovich and Kelly R. Brunarski, 2006 Meeting of the Financial Management Association, Salt Lake City, UT. Variation in the Monitoring Incentives of Outside Stockholders, with Kenneth A. Borokhovich, Kelly R. Brunarski and Robert Parrino, 2005 Meeting of the Financial Management Association, Chicago, IL. and 2005 Meeting of the Eastern Finance Association, Norfolk, VA. Firm Value and Inside Ownership: Evidence from the Unexpected Deaths of Senior Executives, with Kenneth A. Borokhovich and Kelly R. Brunarski, 2005 Meeting of the Financial Management Association, Chicago, IL. and 2005 Meeting of the Eastern Finance Association, Norfolk, VA. Dividends, Firm Value and Agency Costs, with Kenneth A. Borokhovich, Kelly R. Brunarski and James B. Kehr, 2004 Meeting of the Financial Management Association, New Orleans, LA. The Importance of Board Quality in the Event of a CEO Death, with Kenneth A. Borokhovich, Kelly R. Brunarski, and Maura Skill, 2003 Meeting of the Financial Management Association, Denver, CO. Play Ball at My House: The Value of Naming Rights in Sports Complexes, with Carol Boyer, Stephen J. Ciccone, and Philip Swicegood, 2003 Meeting of the Financial Management Association, Denver, CO.

4 The Importance of Board Composition in the Event of a CEO Death, with Kenneth A. Borokhovich, Kelly R. Brunarski, and Maura Skill, 2003 Meeting of the Eastern Finance Association, Orlando, FL. Dividend Surprises, Agency Costs and Corporate Monitoring, with Kelly R. Brunarski and James B. Kehr, 2003 Meeting of the Eastern Finance Association, Orlando, FL. and 2002 Meeting of the Southern Finance Association, Key West, FL. Agency Costs and the Decision to Pay Special or Regular Dividends, with Kelly R. Brunarski and James B. Kehr, 2003 Meeting of the Eastern Finance Association, Orlando, FL. Speculative Bubbles and U.S. Markets: An Empirical Analysis, 2001 Meeting of the Financial Management Association, Toronto, Canada. Is the Weekend Effect Seasonal? Evidence of the Impact of the Time of Year on the Weekend Effect, 1999 Meeting of the Southern Finance Association, Key West, FL. The January Effect and Tax-Loss Selling: The Impact of the 1986 Tax Reform Act, 1998 Meeting of the Financial Management Association, Chicago, IL. and the PhD Project Finance Doctoral Students Association Conference, October 1998, Chicago, IL. Incorporating Technology and Teamwork in the College Classroom, with Anthony K. Byrd, International Conference on College Teaching and Learning, April 1998, Jacksonville, FL. A Teamwork Approach to Teaching Corporate Finance, with Anthony K. Byrd, 1996 Meeting of the Financial Management Association, New Orleans, Louisiana and the 1996 Meeting of the Southern Finance Association, Key West, FL. Video-Based Selection Tests: Are They Better? 1992 Conference of the Society for Industrial and Organizational Psychology, Montreal, Canada. GRANTS, FELLOWSHIPS, ACADEMIC HONORS AND AFFILIATIONS Department of Homeland Security Cybersecurity project (>$1M) through FSB Center For Business Excellence & OARS 2009 2011 Nominated for the R.K. Smucker Teaching Award, Miami University 2005 Alpha Chapter of Beta Theta Pi and Beta Epsilon Chapter of Gamma Phi Beta Outstanding Educator 2001, 2004, 2008 Richard T. Farmer School of Business Summer Research Grant 2001 2005 Alumni Teaching Scholars (Grant) 2001 2002 Learning Technologies Summer Institute (Grant) 2001 University Fellowship, Florida State University 1998 2000 The Honor Society of Phi Kappa Phi The Honor Society of Beta Gamma Sigma PhD Project (Charter member of the Finance Doctoral Students Association) 1997 Present PROFESSIONAL SERVICE Referee, The Financial Review; Quarterly Review of Economics and Finance, Revue Finance Manuscript Reviewer (McGraw-Hill Irwin, Prentice Hall, Addison-Wesley publishers) Discussant, Southern Finance Association 2013 Program Review, James Madison University (finance program) 2011

5 Program Committee, Financial Management Association 2001 2003, 2005 2007 Session Chair, Financial Management Association 1997, 2002, 2005, 2006 Program Committee, Session Chair, Discussant, Eastern Finance Association 2005 Education Committee, Financial Management Association 2001 2004 Discussant, Financial Management Association 2001 UNIVERSITY, DIVISIONAL AND DEPARTMENT SERVICE Chair, University Governance Committee 2014 2015 University Governance Committee 2009 2012, 2013 2015 University CELT Committee 2008 Attendee, Pre-FYI Program and Dinner, Office of Diversity Affairs 2005 Judge, Miami Mock Trial Competition 2003, 2009, 2013 Harrison Scholarship reader 2002 Focus group, Climate Committee of the President s Multicultural Council 2001 ISA Search Committee (1 chaired position, 1 assistant professor position) 2013 2014 BLS Search Committee (VAP 2 positions) 2013 BUS 101 Task Force (Program Review) 2013 FSB Research Committee 2009 to 2015 Chair, FSB Assessment Committee 2013 2014 FSB Assessment Committee 2007, 2008, 2010 to Present Chair, BUS 101 Task Force 2007 FSB Student Portfolio Committee 2005, 2006 FSB Diversity Committee 2003 2005 FSB Team Skills Committee 2000 2003 Presenter, MLP Summer Leadership Institute (Business Week) 2001, 2002 Coach, Miami Business Consulting Challenge 2003 Participant, Divisional graduation ceremonies 2001 to Present Marshal, Divisional graduation ceremonies 2003 Coordinator: Diversity/Dolibois speaker (Pamela P. Peterson, Professor of Finance) 2000 FIN Department Chair Search Committee 2014 2015 Chair, Assistant Professor Search Committee 2011 Lecturer in Finance Search Committee 2011 Assistant Professor Search Committee 2001, 2003, 2006, 2008 Faculty Mentor (Ebru Reis) 2006 2008 Ad-hoc Curriculum Review Committee 2006 Ad-hoc Committees on Teaching Evaluation and Assessment 2004 Department Liaison to CELT 2003 2008 Ad-hoc Committee on Course Revision (FIN 411) 2002 Academic Grievance Committee 2001 Awards/Scholarship Committee 2000, 2001