research overview Research is focused on the study of merger and acquisition activity both in terms of whether mergers and acquisitions create value and what factors or drivers affect M&A activity waves over time.
selected publications book Introduction to Finance 14th Edition for Indian River State College 2011 Finance 1996 Financial management 1989 Real Estate Finance 1989 Real Estate Finance 1989 Finance 1984 Financial Management 1982 Finance, an introduction to financial markets and institutions 1980 journal article A TIME-SERIES ANALYSIS OF AGGREGATE BUSINESS FAILURE ACTIVITY AND CREDIT CONDITIONS. Journal of Economics and Business. 319-333. 1988 CORPORATE SALES GROWTH-RATES AND STOCKHOLDER RETURN RELATIONSHIPS - A REPLY. 50-57. 1987 BRANCH BANKING AND LOAN PORTFOLIO RISK RELATIONSHIPS. 1-13. 1987 BANK WITHDRAWAL FROM THE FEDERAL-RESERVE SYSTEM - POST-EXIT PERFORMANCE PROFILES. 13-23. 1985 CORPORATE SALES GROWTH-RATES AND STOCKHOLDER RETURNS - A RISK-RETURN MARKET ANALYSIS. 34-44. 1985 A TIME-SERIES ANALYSIS OF AGGREGATE MERGER ACTIVITY. The Review of Economics and Statistics. 423-430. 1983 A NOTE ON BANK RESERVE REQUIREMENTS AND PROFITABILITY. 83-89. 1980 THE INFORMATIONAL CONTENT OF REPLACEMENT COST VALUATION DATA. 27-38. 1980 Changes in Federal Reserve Membership: A Risk‐Return Profitability Analysis. The Journal of Finance. 987-997. 1979 FINANCIAL FACTORS THAT AFFECT ACQUISITION PRICES. 95-106. 1978 ISSUE IS CONVERTIBLE BONDS. 46-50. 1977 DEGREE OF INDUSTRY CONCENTRATION AND MARKET RISK-RETURN PERFORMANCE. Journal of Financial and Quantitative Analysis. 627-635. 1976 INDUSTRY CONCENTRATION, FINANCIAL STRUCTURE AND PROFITABILITY. Financial Management. 48-53. 1976 LENDER ATTITUDES TOWARD SOLAR HEATING AND COOLING OF BUILDINGS. Journal of Business Research. 187-195. 1976 INTRODUCTION TO MANAGERIAL FINANCE - BIERMAN,H AND HASS,JE. Accounting Review. 209-210. 1975 RISK AND RETURN IN ELECTRIC UTILITY AND NATURAL GAS INDUSTRIES. 48-54. 1975 AN EMPIRICAL EXAMINATION OF FACTORS WHICH INFLUENCE WARRANT PRICES. The Journal of Finance. 1449-1466. 1974 SYSTEMATIC RISK, FINANCIAL DATA, AND BOND RATING RELATIONSHIPS IN A REGULATED INDUSTRY ENVIRONMENT. The Journal of Finance. 537-544. 1974 EVIDENCE ON THE ACQUISITION‐RELATED PERFORMANCE OF CONGLOMERATE FIRMS. The Journal of Finance. 141-149. 1974 FINANCING WITH CONVERTIBLE PREFERRED STOCK: COMMENT. The Journal of Finance. 144-147. 1971 AN ANALYSIS OF CHANGES IN THE MERGER VALUATION PROCESSES OF LISTED INDUSTRIAL CORPORATIONS DURING THE CURRENT MERGER MOVEMENT, 1950–1966*. The Journal of Finance. 963-964. 1969
education and training D.B.A., Washington University 1968 M.B.A., Washington University 1965 B.S., Washington University 1963
awards and honors President's Teaching Scholar, conferred by University of Colorado President, 1989 BFA Award for Excellence in Teaching and Pedagogy, conferred by Boulder Faculty Assembly, 1988