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Abolhassan Jalilvand, Ph.D.

Resume

August 2019

Section I. Executive Biography

Section II. Curriculum Vitae

Section III. Summary of Administrative Accomplishments

Abol Jalilvand, Ph.D., Loyola University Chicago, August 2019

Section I. Executive Biography

I am a seasoned academic leader with over 35 years of global administrative experience, having served as dean of business and senior scholar at major public and private universities with strong traditions of liberal arts education in both the U.S. (Loyola University Chicago) and Canada (Concordia and Dalhousie Universities). I am the founding director of the Quinlan Series on the Future of Business Education, Loyola University Chicago, providing a national forum dedicated to a dialogue among bestselling authors and thought leaders on the challenges and opportunities facing business schools and business education in the 21st century. My scholarly work on corporate debt policy, organizational risk management, behavioral economics, sovereign debt, restructuring, and governance continues to be widely published and has been supported by major external research grants.

As dean, I have elevated the business schools’ national and global profiles by establishing premier undergraduate and graduate programs, hiring world-class faculty, and fostering a strong teaching and research environment. My accomplishments have been positively received by alumni, local communities, and national and international ranking agencies including Business Week, US News & World Report and Beyond Grey Pinstripes Global MBA Survey. I have achieved successful fundraising campaigns, most recently realized by contributions exceeding $55 million, including a naming gift for Loyola University’s Business School, and previously, a $30 million program for building, scholarships, and research centers at Dalhousie University’s Faculty of Management.

As an early adopter of new educational technology platforms, I introduced on-line graduate and executive certificate programs in both the U.S. and Canada. I created research centers and degree programs in partnership with sectors in financial services (Royal Bank of Canada, Bank of Montreal, Chicago Mercantile Exchange, and Toronto Stock Exchange), pharmaceuticals (Baxter International), and alternative energy (Burnside Eco-Industrial Park, Canada). Globally, I have established academic partnerships, economic development, and professional training programs with both universities and private sectors in China, Russia, Cuba, India, and the Middle East. I have been actively involved with national and international academic accreditation bodies including the Association to Advance Collegiate Schools of Business International (AACSB), European Federation of Management Development (EFMD), Society of Human Resource Management (SHRM), and American Library Association (ALA).

In 2009, in recognition of my leadership in ranking Loyola’s business ethics program 1st in the nation, Ethisphere Institute, New York, selected me as one of the 100 Most Influential People in Business Ethics. I have been Editor-in-Chief of the Canadian Journal of Administrative Science and President of the AACSB East Division. I have been a consultant to universities and private sector corporations in the U.S., Canada, India and the Middle East. Presently, I serve on the advisory board for the Graham School of Management, Saint Xavier University (Chicago, Illinois) and a trustee at the American Councils for International Education, Washington, D.C.

I received my Ph.D. in Finance from the University of North Carolina at Chapel Hill, MBA from Oklahoma State University, and Bachelor of Arts from the Iranian Institute of Banking. Formerly, I held the Herbert S. Lamb Chair in Business Education at Dalhousie University. I currently hold the Ralph Marotta Chair in Free Enterprise at Quinlan School of Business, Loyola University Chicago.

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SECTION II. CURRICULUM VITAE

OFFICE ADDRESS

Quinlan School of Business Office: (312) 915-7101Loyola University Chicago Email: [email protected] East Pearson Chicago, IL 60611

EDUCATION

Ph.D., Finance, University of North Carolina at Chapel Hill, 1981MBA, Oklahoma State University, 1976B.A., Banking, Iranian Institute of Banking, 1974

LANGUAGES

English: Written& SpokenFarsi (Persian): Written& SpokenFrench: Spoken

ACADEMIC APPOINTMENTS

Loyola University Chicago, Chicago, Illinois

Dean, School of Business Administration, 2005- 2011 Ralph Marotta Endowed Chair in Free Enterprise, 2011- presentFounding Director, Quinlan Series on the Future of Business Education, 2013-presentFull Professor of Finance, 2005-present

Dalhousie University, Halifax, Nova Scotia, Canada

Dean, Faculty of Management, 1999-2005Herbert S. Lamb Endowed Chair in Business Education, 2004-2005Full Professor of Finance, Faculty of Management, 1999-2005

Concordia University, John A. Molson School of Business, Montreal, Quebec, Canada

Full Professor of Finance, 1994-1999Director, Executive MBA Program, 1997-1998Chair, Department of Finance, 1990-1996 Director, International Exchange Programs, 1989-1990Associate Professor of Finance, 1985-1993; Assistant Professor of Finance, 1981-1984Visiting Professor of Finance, 1987-1988, Faculté des Sciences de l'Administration, Université Laval, Québec, Canada

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BOARDS AND PROFESSIONAL APPOINTMENTS

Trustee, American Councils for International Education, Washington, D.C., 2013-present. Board: Graham School of Management, Saint Xavier University, Chicago, IL., 2016-present. Board: Chicago State University, College of Business, Chicago, Illinois, 2007-present. Board: Xavier Labour Relations Institute (XLRI), Jamshedpur, India, 2007-2011. President, Mid-Continent East AACSB (Association to Advance Collegiate Schools of Business

International), 2007. Board: Canadian Federation of Business School Deans, Honorary Life Member.

PROFESSIONAL EXPERIENCE

AACSB

Dean, Initial Accreditation, Faculty of Management, Dalhousie University, Canada, 2003. Accreditation Advisor, Xavier Labor Relations Institute, Jamshedpur, India, 2007-2010 Dean, Re-accreditation, School of Business, Loyola University Chicago, 2010. Dean, Re-accreditation, Accountancy Program, School of Business, Loyola University Chicago,

2010. Accreditation Advisor, College of Business, University of Dallas, Dallas, Texas, 2011-2012. Accreditation Advisor, University of Detroit Mercy, Detroit, Michigan, 2009. Member Accreditation Visit Team, Albers School of Business, Seattle University, 2012.

Industry

Advisor, Enterprise Risk Management (ERM), Kharazmi Investment Group, Tehran, Iran, 2015 – 2016.

Advisor, Risk Committee, American Councils for International Education, Washington, D.C., 2013-present

Advisor, Kelly Management Consulting Inc., Chicago, Illinois, 2011-2013. Testified, Superior Court of Quebec, M&A in the Canadian Cable Industry, Montreal, Canada, 1998. Testified, National Energy Board of Canada (NEB), rate of return regulation, Calgary, Canada, 1996. Testified, Canadian Radio-Television and Telecommunication Commission (CRTC), fair rate of

return for utilities, Ottawa, Canada, 1996. Advisor, Bell Canada Inc., financial and regulatory matters, Montreal, Canada., 1995-1997. Advisor, Canadian Gas Utility, Incentive Regulatory Regime, 1996-1997. Senior Research Associate, Department of Finance, Bell Canada Inc., Montreal, Canada, 1995-1997.

MEDIA APPEARANCES

U.S.

WTTW (Chicago Tonight): https://news.wttw.com/2019/07/01/what-risk-management-and-how-will-it-save-chicago-money

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https://news.wttw.com/2019/07/01/what-risk-management-and-how-will-it-save-chicago-money

https://news.wttw.com/2019/07/01/what-risk-management-and-how-will-it-save-chicago-money


National Public Radio (NPR), The Chicago Tribune, Nerd Scholar, WBBM Radio, CBS Television, NBC Television, Dow Jones News

Canada

CBC Radio Information Morning, Newswatch Television, Radio Canada (Newsworld), Global Television, CBC Radio, CJAD Radio

EDITORIAL EXPERIENCE

Guest Editor: Special issue (2020): “Enterprise Risk Management in Emerging Economies”, Quarterly Journal of Asset Management and Financing, Isfahan University, Iran.

Associate Editor: Journal of Economic Asymmetries, 2011-present. Associate Editor: Multinational Finance Journal, 2011-present. Associate Editor: Financial Research Journal, Tehran University, Iran, 2015-present Associate Editor: Quarterly Journal of Asset Management and Financing, Isfahan University, Iran,

2015-present. Editor-in-Chief, Canadian Journal of Administrative Science, 1997-2001. Program Chair: Financial Management Association International, Copenhagen, Denmark, 2002. Program Chair: Administrative Science Association of Canada, Finance Division, Montreal, 1995. Member: Academic Program Committee: Financial Management Association, Administrative

Science Association of Canada, Atlantic Business Conference, Midwest Finance Association, and Eastern Finance Association.

Reviewer: Journal of Finance, Journal of Banking and Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Review, Canadian Journal of Administrative Science, and Social Sciences and Humanities Research Council of Canada, SSHRC.

PROFESSIONAL MEMBERSHIPS

Economic Club of Chicago Financial Executive Institute American Finance Association Administrative Science Association of Canada Financial Management Association Association to Advance Collegiate Schools of Business International

AREAS OF TEACHING INTEREST

Corporate Finance, Capital Markets, Risk Management, Behavioral Economics, Strategic Change, Corporate Restructuring, and International Capital Flows.

COURSES TAUGHT

Advanced Corporate Finance (MBA)Seminar in Corporate Finance Theory (Ph.D.)Seminar in Finance Theory (MBA)Seminar in Financial Theory and Corporate Policy (M.Sc.)Seminar in Financial Management and Economic Policy (EMBA)

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Introduction to Corporate Finance (Healthcare MBA)Business Research Methodology (MBA)Capital Budgeting (MBA)Advanced Investment (Undergraduate)Advanced Corporate Finance (Undergraduate)Introduction to Corporate Finance (Undergraduate)

AREAS OF RESEARCH INTEREST

Capital Structure, Corporate Risk Management, Behavioral Economics, Sovereign Debt Problems, Mergers and Acquisitions, Corporate Governance and Restructuring, and Econometric Models of Firms.

RESEARCH AWARDS AND HONORS

Best paper Award: Annual London Business Research Conference, August 2018. Best Paper Award: Global Conference on Business and Finance, January 2014. Best Paper Award: Eurasia Business Research Conference, June 2013. 100 Most Influential People in Business Ethics (2009) by Ethisphere Institute, New York. Best Corporate Finance Paper Award, Eastern Finance Association, 1987. Best Finance Paper Award, Administrative Science Association of Canada, 1984 and 1986. Early Promotion to Associate Professor, John A. Molson School of Business, Concordia University,

June 1985. Full Doctoral Scholarship Award from the Central Bank of Iran, 1973-1981.

REFEREED PUBLICATIONS

2019 Rostami Noroozabad, M., Jalilvand, A., Layalestani, M.F., Saeedi, A., “Asset Risk Behavior in Value and Growth Firms Under Stable and Adverse Market Conditions: Evidence from the Tehran Stock Exchange”, The Quarterly Journal of Asset Management and Financing (Forthcoming).

Rostami Noroozabad, M., Jalilvand, A., Layalestani, M. F., Saeedi, A. “What Factors Influence the Differential Behavior of Value and Growth Firms? Evidence from the Tehran Stock Exchange”, Financial Research Journal (Forthcoming).

2018 “Enterprise Risk Management for a Publicly-Traded Investment Banking Firm in Iran: A Case Study”, The Quarterly Journal of Asset Management and Financing, Volume 7, Issue 2: 1-24.

“Financial Literacy, Emotions, Gender, Risk Perceptions, and Investors’ Decisions: Evidence from the Tehran Stock Exchange”, Journal of Investment Management, Vol. 7, Issue 27, Summer 2018, Page 141-170.

2017 “Informed and Uninformed Investors in Iran: Evidence from the Tehran Stock Exchange (with M. Rostami and J. Switzer), Journal of Economics and Business, 95 (2018) 47-58.

2017 "Debt, Corporate", The SAGE Encyclopedia of Business Ethics and Society: 2nd edition, Edited by R. Kolb.

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2016 “Information asymmetry and adverse wealth-effects of crowdfunding” (with F. Firoozi and Donald Lien), Journal of Entrepreneurial Finance, Vol 18, Issue 1.

“Le Beau Footwear: A Business Valuation Case for a Privately-Held Firm” (with J. Kostolansky), Issues in Accounting Education, Vol. 31, No. 4: 439-44

2015 “Recent Evidence on Investors’ Behavior in the Tehran Stock Exchange: Preliminary Evidence and Future Insights” (with Rostami, M., Rahmani, S.), Financial Research Journal, Tehran University, Tehran, Iran, Vol. 18, No.1, Spring 2015.

2015 “Do Size and Value Premia Vary Across Industry and Market Conditions? Evidence from the Euro Area” (with M. Asal and M. Rolseth), Journal of Business and Policy Research, Vol. 10., No. 1: 98 – 116, 2015.

2013 “Matching Slack Resources and Investment Strategies to Achieve Long-Term Performance: New Perspectives on Corporate Adaptability” (With S. M. Kim), Journal of Economic Asymmetries, 10(1): 38-52.

2011 “Sovereign Spreads and Perceived Risk of Default Re-Visited” (with J. Switzer): Sovereign Debt: from Safety to Default, Hoboken, NJ: John Wiley & Sons, Inc., Edited by R. Kolb.

2009 "Sequence of Asset Bubbles and the Global Financial Crisis" (with A. G. Malliaris): Lessons from the Financial Crisis: Insights and Analysis from Today’s Leading Minds, John Wiley & Sons, Inc., Edited by R. Kolb

2000 "Pre-Bid Price Run-Ups and Insider Trading Activity: Evidence from Canadian Acquisitions" (with A. Jabbour and J. Switzer), International Review of Financial Analysis 9(1): 21.

"A Global Perspective on the Use of Derivatives for Corporate Risk Management Decisions" (with J. Switzer and C. Tang), Managerial Finance: Special Issue on Corporate Risk Management, 26(3): 29.

1999 “Why Firms Use Derivatives: Evidence from Canada,” Canadian Journal of Administrative Science, 16(3): 213.

“Persistent Volatility in Daily Stock Returns: Daily Number of Trades vs. Arch Effects" (with B. Dadgostar), Journal of Global Business, 12(2): 45.

1996 "A Synthesis on Investment Bankers' Reputation and Pricing of Initial Public Offerings: New Evidence on Reverse LBOs" (with S. Stewart and J. Switzer), Financial Markets, Institutions and Instruments, 5, 5: 37-61.

1994 "Evidence on the Existence of Deterministic Chaos in TSE 300 Monthly and Daily Returns" (with P. Varson), Canadian Journal of Administrative Science 11(1): 43-53.

"Default Risk, Firm Characteristics and Valuation of Floating Rate Debt Instruments" (with T. Park), Financial Management 23(2): 58.

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1989 "Incorporating Contemporaneous Residual Relationships for Security Prices" (with L. Kryzanowski), Economics Letters (31): 245-249.

1987 "Perceived Risk of Default and Banks' International Lending Decisions" (with J. Doukas), Journal of Economics and International Relations 1(4): 323.

1986 "Economists Clash Over the Probable Impact of Domestic, International Policy Actions" (with J. Doukas), IMF Survey (January 1986): 245.

"Statistical Tests of the Accuracy of Alternative Forecasts: Some Results for U.S. Utility Betas" (with L. Kryzanowski), Financial Review 21(2): 319.

"Sovereign Risk and International Lending: Theoretical and Empirical Analysis" (with J. Doukas), Studies in Banking and Finance (Journal of Banking and Finance) (3): 131.

1985 "Incorporating Contemporaneous Residual Relationships: A New Approach" (with L. Kryzanowski), Economics Letters (19): 319.

1984 "Corporate Behavior in Adjusting to Capital Structure and Dividend Targets: An Econometrics Study" (with R. S. Harris), Journal of Finance 39(1): 127.

ARTICLES UNDER 2ND REVIEW

Firoozi, F., Jalilvand, A., Lien, D., Oliver, M. “A Comparative Study of the Impact of Aging on Housing Markets in Singapore and the U.S.”, Singapore Economic Review. Ranked “B” by the Australian Business Dean Council (ABDC): https://abdc.edu.au/research/abdc-journal-list/

ARTICLES UNDER 1ST REVIEW

Beyhaghi, Mehdi, Firoozi, Fathali, and Jalilvand, Abolhassan, “Components of Credit Rationing”, Journal of Financial Stability, Ranked “B” by the Australian Business Dean Council (ABDC): https://abdc.edu.au/research/abdc-journal-list/

BOOKS

“Innovation, Resources, and R&D Investment in the US Energy Sector” (with S.M. Kim), Perspectives on Energy Risk, Centre for Energy and Value Issues (CEVI), Springer Publishing, 2013.

Risk Management and Corporate Governance, (with A. G. Malliaris), Rutledge/Taylor & Francis Publishing Group, 2011.

PRINT MEDIA

“Healthcare Needs Strong Managers: Let’s Devise an Interdisciplinary B. School Curriculum to Help Develop Them” BusinessWeek Chicago, Pub Num 12B-1520, P.G. 46, January 2008.

GRADUATE SUPERVISION

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https://abdc.edu.au/research/abdc-journal-list/

https://abdc.edu.au/research/abdc-journal-list/


Ph.D. Supervision, 2019

Completed supervision of a Ph.D. thesis “Equity Risk Dynamics of Value and Growth Firms Under Adverse Market Condition: Evidence from The Tehran Stock Exchange” submitted by Mojtaba Rostami, doctoral student in finance, Islamic Azad University, Tehran, Iran.

A full list of past supervisory activities at the master’s and Ph.D. levels is available upon request.

INVITED PRESENTATIONS

2017 “Global Economic Outlook, Innovation, and Risk Management Platform”, Keynote,3 rd International Conference on Management, Accounting, and Knowledge-Based Economy , September 2017, Tehran, Iran

2015 “Global Financial Intermediation: History, Challenges, and Opportunities”, Keynote, Iranian Institute of Banking, Central Bank of Iran, Tehran, Iran, December 2015.

2015 “Emerging Economies’ International Expansion: Recent Evidence and Prescriptions”, Keynote, Kharazmi Investment Group, Annual Meeting, Esfahan, Iran, December 2015.

2015 “The Experience of a Canadian Business School in Introducing a Public Policy Program”, Business Schools and Public Service, Signature Event: Quinlan School of Business, Loyola University Chicago, November 2015.

2014 “Global Economic Outlook and Enterprise Risk Management Platform”, Keynote, Iranian Financial Center, November 2014, Tehran, Iran.

2013 “Flexibility, Innovation Strategy, and Performance under Turbulent Environments: Evidence from a Multi-Industry Sample”, Keynote, Financial Executive Institute (FEI), March 2013.

20111 “Adaptive Organizations: Building Competitive Advantages in Turbulent Times”, Joint Conference of the Indian Academy of Management and Academy of International Business, Bangalore, India, December 2011.

2010 “The Business of Ethics and Leadership”, Ethics: It’s Who We Are: The Influence of Raymond C. Baumhart, S.J., on Business Ethics Movement, Dean’s Speaker Series, Loyola University Chicago, April 2010.

2009 “Moving from Endless Resources to Resource Depletion: A Crisis and an Opportunity”, International Association of Jesuit Business Schools (IAJBS), Jamshedpur, India, June 2009.

“Leadership Challenges: Lessons from Turbulent Times”, Alumni Education Series, Loyola University Chicago, Chicago, Illinois, March 2009.

2007 “Credentialing the Profession”, Alliance of Mergers and Acquisition Advisors (AMAA), Las Vegas, Nevada, January 2007.

2006 “1Where Leadership Meets Ethics: Producing a Responsible MBA”, The First Friday Club of Chicago, Chicago, Illinois, February 2006.

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“Building Educational Alliances between the U.S. and Canada”, 2006 Annual Conference, Association of Collegiate Business Schools and Programs, Chicago, Illinois, June 2006.

2003 “Meeting Global Challenges: An Opportunity for Business Schools”, 2003 AACSB Annual Meeting, San Francisco, April 2003.

2002 “Managing Risk in the New Economy,” Dalhousie Business Conference, Halifax, Nova Scotia.

“Risk Management for Organizations: Conceptual and Applied Perspectives” A presentation to the Risk Management Group, Bank of Montreal, Toronto, Ontario.

“Common Sense Investing…Understanding the Markets.” Toronto Stock Exchange (TSE), Toronto, Ontario.

2001 "Business Schools’ Challenges in the 21st Century,” Administrative Science Association of Canada, Fredericton, New Brunswick.

2000 “Management Education in the New Economy,” Halifax Business Club Luncheon, Halifax, Nova Scotia.

1998 "Getting Published: The Art and the Science," Doctoral Seminar Consortium, Administrative Science Association of Canada, Saskatoon, Saskatchewan.

1997 "Publishing in the Canadian Journal of Administrative Science” Invited workshop, University of New Brunswick, Fredericton, New Brunswick.

1996 "Derivatives Products and Corporate Risk Management Policies: Evidence from Canadian Non-Financial Corporations," (with J. Switzer and C. Tang), Gothenburg School of Economics, Gothenburg, Sweden.

Also presented: Presented at the University of Antwerp, Belgium. Presented at the Faculté des Sciences de l'Administration, Université, Laval, Quebec City,

Quebec.

"Restructuring and Managing Corporate Debt," Invited Presentation by Gothenburg School of Economics and Commercial Law, Gothenburg, Sweden and Copenhagen School of Business and Finance, Copenhagen, Denmark.

Also presented at the Faculty of Management at Lakehead University, Lakehead, Ontario.

1990 Round Table: "Mergers and Acquisitions, Assessment and Overview of Corporate Restructuring in Europe and North America," International Conference in Finance, Group HEC-AFFI, Paris, France.

Also presented at the Gothenburg School of Economics, Commercial Law, Gothenburg, Sweden.

1989 "Forecasting Issues in Finance." The Ninth International Symposium on Forecasting, Vancouver, British Columbia.

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Also presented: Faculté des Sciences de l'Administration, Université Laval, Quebec City, Quebec. Faculty of Management, McGill University, Montreal, Quebec.

FUNDED RESEARCH

1998 Social Sciences and Humanities Research Council of Canada (SSHRC): $61,000 to support the Canadian Journal of Administrative Science, Official Journal of the Administrative Science Association of Canada.

1997 Social Sciences and Humanities Research Council of Canada (SSHRC): $53,836 for the research program "Derivatives Products and Corporate Hedging Policy: Some Evidence from International Data" (with J. Switzer and C. Wihlborg).

1994 Concordia University Bridge Grant: $10,000 for the project "The Informational Content of Capital Structure Changes and Corporate Debt Choices: An Empirical Investigation" (with R. Chung and J. Switzer).

1991 Social Sciences and Humanities Research Council of Canada (SSHRC): $22,613 for the project "Determination of Risk Premium on Floating Rate Debt Instruments and Corporate Debt Policy: Theory and Evidence" (with T. Park).

1991 Financial Research Foundation of Canada: $7,000 for the project "The Cost of Floating Rate Debt and the Variability of the Firm's Earnings" (with T. Park).

1990 Shell Canada: $8,333 funding for the project "A Simulation Approach for Corporate Debt Management Decisions."

1987 Government of Quebec, Canada: $55,536 for the project "An Evaluation of the Benefits of the Quebec Stock Savings Plan (QSSP) to Corporate Quebec and Quebecers.

PRESENTATIONS AND PROCEEDINGS

2019 Beyhaghi, Mehdi, Firoozi, Fathali, and Jalilvand, Abolhassan, “Components of Credit Rationing”, Financial Management European, Scotland, June 2019.

Also presented at the Western Economic Association International Annual Conference, San Francisco, June 2019

2018 Jalilvand, A., Rostami Noroozabad, M., Switzer, J. "Financial Literacy and Investor Type in Iran: Evidence from the Tehran Stock Exchange," European Financial Management, Norway, June 2018.

A. Jalilvand, Conference Keynote, “Key Considerations in Developing Enterprise Risk Management at Non-Profit Organizations”. 5th International Conference on Applied Research in Management and Accounting, June 2018, Tehran, Iran

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Firoozi, F., Jalilvand, A., Lien, D., Oliver, M. "A Comparative Study of the Impact of Aging on Housing Markets in Singapore and the U.S.," Midwest Economic Association, Chicago, March 2018.

2016 Jalilvand, A. and Rostami, M. “A Comparative Study of the Behavioral Characteristics of Individual and Institutional Investors in Iran: Evidence from the Tehran Stock Exchange” European Finance and Banking, Bologna, Italy, September 2016.

2015 Jalilvand, A. and Asal, M. “Do Economic Shocks Affect Value and Growth Firms Differently? A Multi-Industry Evidence from the Euro Market”, Financial Management International, Venice, Italy, June 2015.

2015 Jalilvand, A., Asal, M., “Do Economic Shocks Affect Value and Growth Firms Differently? Multi-Industry Evidence from the Euro Market”, Midwest Finance, (March 2015), Chicago, Illinois.

2015 Jalilvand, A., Rostami Noroozabad, M.J., and Rahmani Noroozabad, S., “Factors Influencing Investment Behavior: Recent Evidence from Individual and Institutional Investors in Iran”, Midwest Finance, (March 2015), Chicago, Illinois.

2014 “Do Size and Value Premia Vary Across Industry and Market Conditions? Evidence from the Euro Area” (with M. Asal), Best Paper Award, Global Conference on Business and Finance, (January 2014), Honolulu, Hawaii.

2013 “Do Size and Value Premia Vary Across Industry and Market Conditions? Evidence from the Euro Area” (with M. Asal), Best Paper Award, Eurasia Business Research Conference, (June 2013), Istanbul, Turkey.

2013 "Managing Slack Resources and Investment Strategies in Turbulent Times", (with S. Kim), Southwestern Finance Association, Albuquerque, NM, March 2013.

2012 "Organizational Architecture, Financial Flexibility and Performance", (with S. Kim), Athenian Association Conference, Thessaloniki, Greece, July 2012.

2012 “How to Reduce Financial Distress in Europe of Tomorrow?” Panel Discussion, 14th Annual Conference on European Integration, Swedish Network for European Studies in Economics and Business, May 2012.

2007 Panel on “Ethics and Finance”, Financial Management International, Barcelona, Spain.

2006 “Risk Management for Organizations: Conceptual and Applied Perspectives”, International Financial Management Association, Stockholm, Sweden.

2002 "Information Asymmetry and the Operating and Financial Performance of Secondary IPOs: Evidence from the Reverse LBOs of the 1990s" (with S. Koutsogianopoulos and J. Switzer), Financial Management Association Conference, San Antonio, Texas and Financial Management International Conference, Copenhagen, Denmark.

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2001 "The Impact of Board Compensation and Voting Control on the Decision to Divest: Spin-offs vs. Equity Carve-outs" (with J. Switzer), Financial Management Association Conference, Toronto, Ontario.

2000 "Does Corporate Governance Affect Restructuring Decisions? Spin-offs versus Equity Carve-outs" (with R. Bazzi and J. Switzer), 2000 Financial Management Association Conference, Seattle, Washington.

Also presented: European Financial Management Association, Athens, Greece. Seventh Annual Global Finance Conference, Chicago, Illinois.

1999 "Treasury Structure, Financial Leverage, and Integration of Risk Management Activities: Evidence from Canada," (with J. Switzer) 1999 Financial Management Association Conference, Orlando, Florida.

Also presented at the European Financial Management Association, Paris, France.

"Corporate Board Structure and the Decision to Divest: Equity Carve-Outs and Spin-Offs" (with R. Bazzi and J. Switzer), 1999 Financial Management Association Conference, Orlando, Florida.

Also presented: European Financial Management Association Conference, Paris, France. Atlantic School of Business Conference, Halifax, Nova Scotia. Sixth Annual Global Finance Conference, Istanbul, Turkey.

1998 "Corporate Risk Management Decisions: Empirical Evidence from Canada" (with J. Switzer and C. Tang.), 1998 Financial Management Association Conference, Chicago, Illinois.

Also presented: Fifth Annual Global Finance Conference, Mexico City, Mexico. European Financial Management Conference, Lisbon, Portugal.

"Pre-Bid Price Run-Ups and Insider Trading Activity: Evidence from Canadian Acquisitions" (with A. Jabbour and J. Switzer), 1998 Financial Management Association Conference, Chicago, Illinois.

Also presented: Global Finance Conference, Mexico City, Mexico. European Financial Management Conference, Lisbon, Portugal.

1997 "Derivatives Products and Corporate Risk Management Policies: Evidence from Canadian Non-Financial Corporations" (with J. Switzer and C. Tang), 1997 International Financial Management Association, Zurich, Switzerland.

"Corporate Risk Management Decisions: Empirical Evidence from Canada" (with J. Switzer and Caroline Tang), 1997 Atlantic Schools of Business Conference, Fredericton, New Brunswick.

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1996 “Persistence Volatility in Daily Stock Returns: Daily Number of Trades vs. Garch Effects” (with B. Dadgostar), 1996 Academy of Business Administration Global Trends Conference, Acapulco, Mexico.

"Survey on Risk Management Policies and Practices: Evidence on Canadian Non-Financial Corporations" (with C. Tang), International Conference on Options and Futures, Montreal, Quebec.

"A Synthesis on Investment Banker Reputation and Pricing of Initial Public Offerings: New Evidence on Reverse LBOs" (with S. Stewart and J. Switzer), 1996 Global Finance Conference, Honolulu, Hawaii.

1994 "An Empirical Investigation of the Determinants of Arch and Garch Effects in Daily Stock Data" (with B. Dadgostar and T. Park), Administrative Science Association of Canada, Halifax, Nova Scotia.

1993 "Evidence on the Existence of Deterministic Chaos in TSE 300 Monthly and Daily Returns" (with P. Varson), 1993 Financial Management Association, Toronto, Ontario.

Also presented at the 1993 Northern Finance Association, Halifax, Nova Scotia.

1992 "Determinants of Risk Premium on Variable Rate Debt Instruments" (with T. Park), 1992 Financial Management Association, San Francisco, California.

Also presented at the Northern Finance Association, Montreal, Quebec.

"Default Risk, Firm Characteristics and Valuation of Floating Rate Debt Instruments" (with T. Park), 1992 European Finance Association, Lisbon, Portugal.

1990 "Regulation and Corporate Debt Management Policy for Public Utilities" International Conference in Finance, Group HEC-AFFI, Paris, France.

1989 "The Measurement of Benchmark Betas and the Accuracy of Alternative Beta Forecasts" Ninth International Symposium on Forecasting, Vancouver, British Columbia.

"On Interactions of Production and Financial Decisions: New Evidence for the U.S. and Canada," 1989 Financial Management Association, Boston, Massachusetts.

1988 "Euromoney and Institutional Investor Country Risk Indices and Predictions of Debt Servicing Problems in Developing Countries," The Eighth International Symposium on Forecasting, Amsterdam, The Netherlands.

1987 "Partial Adjustment Models and Corporate Financial Behavior" (with A. Rahman), Best Paper Award, Eastern Finance Association, Proceedings Issue, Vol. 22, No. 3.

1986 "Dynamics of Corporate Dividend Behavior" (with A. Rahman), Best Paper Award, 1986 Administrative Science Association of Canada, Proceedings Issue, Vancouver, British Columbia.

1985 "Sovereign Risk and International Lending Interactions" (with J. Doukas), 1985 American Economic Association, New York, NY.

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"A Model for Banks' International Lending: Some Empirical Evidence on the US and the Japanese Banking Systems" (with J. Doukas), 1985 Western Finance Association, Scottsdale, Arizona.

"On Corporate Debt Maturity Structure Decisions" (with N. Ursel), 1985 Financial Management Association, Denver, Colorado.

"Perceived Risk of Default and Banks' International Lending Decisions"(with J. Doukas), 1985 American Finance Association, New York, NY.

1984 "Single versus Simultaneous Structure of Security Returns" (with L. Kryzanowski), Best Paper Award, 1984 Administrative Science Association of Canada.

1984 "Whose Betas Are Best Revisited" (with L. Kryzanowski), 1984 Financial Management Association, Toronto, Ontario.

1983 "Structure of Security Returns: Some Conceptual and Econometrics Issues," 1983 Administrative Science Association of Canada.

1983 "A Comparative Analysis of the Determinants of Banks' International Lending: US vs. Japan" (with J. Doukas), 1983 Financial Management Association, Atlanta, Georgia.

1982 "Corporate Behavior in Adjusting to Capital Structure and Dividend Targets: An Econometrics Study" (with R. Harris), 1982 Western Finance Assoc., Portland, Oregon.

1980 "A Note on the Interdependent Structure of Security Returns," 1980 Western Finance Association, San Diego, California.

1977 "Some Evidence on the Determinants of Capital Structure" (with G. Hite), 1977 Financial Management Association, Seattle, Washington.

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SECTION III. SUMMARY OF ADMINISTRATIVE ACCOMPLISHMENTS

FOUNDING DIRECTOR: Quinlan Series on the Future of Business Education, Loyola University Chicago, 2013 – present

A national forum dedicated to a dialogue among bestselling authors and thought leaders on the challenges and opportunities facing business schools and business education in the 21st century.

Program 2014: Crisis in Business Education: Defining the Road Aheadhttps://www.youtube.com/watch?v=2nDzq9coQLY

Speakers

Rakesh Khurana, Marvin Bower Professor of Leadership Development, Harvard Business School Dan Davidson, President, American Councils for International Education. Edward Zajac, James F. Beré Professor of Management and Organizations, Kellogg School of Management,

Northwestern University. Viktor Mayer-Schonberger, OII's Professor of Internet Governance and Regulation at the Oxford Internet

Institute, University of Oxford Judith Samuelson, Executive Director, Business and Society Program, Aspen Institute.

Program 2015: Are Business Graduates Prepared to Lead Modern Organizations?

Speakers

Richard Arum, New York University, coauthor of the bestselling book: Academically Adrift: Limited Learning on College Campuses.

Anne Pramaggiore, President and CEO, ComEd, Chicago, Illinois. John Roberts, Stanford University, author of the best E-business book by The Economist: The Modern Firm:

Organizational Design for Performance and Growth.

Program 2017: Professional Business Education: Lessons from External Certification Programs https://www.youtube.com/watch?reload=9&v=QWCb9sBfjcQ&t=9s

Speakers

Bill Kelly, CEO, Chartered Alternative Investment Analyst Association (CAIA). Peter Mackay, Director, Examination Development, Chartered Financial Analyst (CFA) Institute. Belverd E. Needles, Distinguished Professor of Accountancy, Editor, Accounting Instructors' Report (AIR),

School of Accountancy and MIS, DePaul University.

Program 2018: Managing Risk at Higher Education Institutionshttps://www.luc.edu/quinlan/ajcu-business-deans-meeting/managingriskathighereducationinstitutions/

Speakers

Mike Edleson, Chief Risk Officer, University of Chicago Merri Beth Lavagnino, Chief Risk Officer, Indiana University Wayne Magdziarz, Senior Vice President and Chief Financial Officer, Loyola University Chicago Joseph Yohe, Associate VP, Risk Management, Georgetown University

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https://www.luc.edu/quinlan/ajcu-business-deans-meeting/managingriskathighereducationinstitutions/

https://www.luc.edu/quinlan/ajcu-business-deans-meeting/managingriskathighereducationinstitutions/

https://www.youtube.com/watch?reload=9&v=QWCb9sBfjcQ&t=9s

https://www.youtube.com/watch?reload=9&v=QWCb9sBfjcQ&t=9s

https://www.youtube.com/watch?v=2nDzq9coQLY


Program 2019 Geo-Political Risk I: Causes and Consequences

Speakers

Gary Doer, Former Canadian Ambassador to the U.S. https://luc.edu/quinlan/geopolitical-risks/

Program 2019 (Forthcoming) Geo-Political Risk II: Causes and Consequences

Speakers

Ronald E. Neumann, Former Ambassador to Afghanistan Thomas Hubbard, Former Ambassador to South Korea

https://www.luc.edu/qu inlan/emerging-geopolitical-risks/

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https://www.luc.edu/quinlan/emerging-geopolitical-risks/

https://luc.edu/quinlan/geopolitical-risks/


DEAN, SCHOOL OF BUSINESS, LOYOLA UNIVERSITY CHICAGO, 2005 –2011

With an enrollment of approximately 16,000, Loyola University Chicago is the nation’s largest Jesuit Catholic University with campuses in both Chicago and Rome, Italy. The university is home to ten schools offering over seventy undergraduate, eighty-five masters, and thirty-one doctoral programs. The School of Business Administration (SBA) represents over 15% of the total university enrollment, a budget of $20 million, endowment of over $80 million, and tuition revenues exceeding $100 million. It is the second largest unit in the University. There are 80 full-time and tenure-track faculty members, 1,900 undergraduate and 900 graduate students. The Graduate School of Business offers a part-time MBA, six specialized masters and two executive MBA programs. There are approximately 24,000 SBA alumni worldwide, with more than 17,000 residing in the Chicago area.

RANKING AND VISIBILITY

Graduate Programs Rank YearsPart-Time MBA Program (Business Week) Top 20 2007-11 Part-Time MBA Program, Midwest, (Business Week) Top 10 2007-11Part-Time MBA Program (US News & World Report) Top 50 2006-11 Master of Science Accounting (US News & World Report) Top 25 2010EMBA Program (US News & World Report) Top 25 2010Beyond Grey Pinstripes Global MBA Survey (Aspen Institute) Top 25 (#22) 2010-11Beyond Grey Pinstripes Global MBA Survey (Aspen Institute) Top 20 (#12) 2011-12

Undergraduate Program US News & World Report Top 100 2010Business Week Top 100 2011Specialty Undergraduate Areas ( Business Week ): Ethics #1 2009

Top 10 2009- presentAccounting Top 25 2010Sustainability Top 30 2010Financial Management Top 50 2010 Other Specialty programs Top 100 2009-10

OUTREACH AND REVENUE GENERATION

Created and implemented two consecutive 5-year strategic plans. Increased total enrollment by 30% and total tuition revenue by over 80%. Implementation of fundraising campaign resulted in contributions exceeding $55 million, including a

naming gift for the School of Business Administration. Increased membership and diversity of the board of advisors. Launched a quarterly breakfast Alumni Education Series. Launched the Dean’s Speaker Series in Responsible Leadership.

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RESEARCH AND SCHOLARSHIP

Hired 22 full-time faculty members, including three endowed chairs. Launched the Center for Risk Management and Corporate Governance with multiple $1 million

grants from the Chicago Mercantile Exchange, CME. Launched the Center for International Business, a partnership with the Xavier Institute of Labor

Relations (XLRI), India. Secured funding for the Institute for Human Resources and Industrial Relations. Increased faculty representation in journal editorship and editorial board membership.

STUDENT EXPERIENCE

Achieved certification agreements: Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and Global Association of Risk Professionals (GARP).

Created a required undergraduate Academic Internship Program. Established an undergraduate “Derivatives Markets and Risk Management” five-week summer

program. The Chicago Mercantile Exchange funded the program and provided on-site training. Created “Micro-enterprise Consulting” initiative in which undergraduate and graduate students work

directly with business owners in Chicago’s economically disadvantaged neighborhoods. This initiative won the Innovation in Business Education Competition Prize awarded by the AACSB.

Launched student organized Business Plan Competition. Established a partnership with the Junior Achievement Chicago program. Launched student clubs in economics, entrepreneurship, risk management and supply chain

management. Established new student chapters: “Students in Free Enterprise (SIFE)” and “NetImpact”. The Loyola

SIFE group has won three consecutive regional championships. Launched the Loyola Flat Project where junior and senior business students manage and operate

several high-end rental apartments.

NEW PROGRAMS

Undergraduate Honors program with emphasis on responsible leadership, ethics, global issues and integrated perspectives.

Intercontinental MBA program with international residencies in China, South Africa and Central America.

Master of Science in Supply Chain Management. EMBA program in Chicago. MBA Healthcare Management (partnership with the Schools of Medicine, Law and Nursing)

supported by a financial grant from Baxter International. Master of Science in Finance. Scholarship support from the Chicago Mercantile Exchange.

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GLOBAL INITIATIVES

Launched a partnership with a top private business school in India, Xavier Labor Relations Institute (XLRI).

Created the Indo-U.S. Professorship of Management Studies. Enhanced the global representation of the SBA’s Board of Advisors Created and funded a new Center for International Business. Expanded study abroad programs in Asia (China, India and Vietnam), Europe (Germany, England,

Ireland, Italy, Greece and Spain), and Australia. Launched executive education programs in Rome and Vietnam and planned for South America.

ACCREDITATIONS

Achieved maintenance of accreditation from the AACSB (Association to Advance Collegiate Schools of Business International) for the School of Business, and, separately, for its Accounting and Business Law Program.

Achieved accreditation from the Society for Human Resource Management (SHRM) for the Master of Science in Human Resource program.

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DEAN, FACULTY OF MANAGEMENT, DALHOUSIE UNIVERSITY, HALIFAX, NOVA SCOTIA, CANADA, 1999 - 2005

Dalhousie is a leading publicly funded Canadian research university. It offers more than 180 degree programs in 11 diverse faculties, generating over $150 million in research grants each year. Representing over 2,000 students and 70 full-time faculty members, the Faculty of Management is one of the largest units in the university, consisting of four schools: Business Administration, Public Administration, Information Management, and Resource and Environmental Studies. The Faculty of Management offers two undergraduate programs (a required co-op Bachelor of Commerce and a Bachelor of Management), seven graduate programs (including two on-line executive degrees) and an interdisciplinary Ph.D. program.

REVENUE GENERATION

Created and implemented two comprehensive 5-year strategic plans (1999-2004 and 2004-09). Increased total enrollment by 30% and total tuition revenue by 50%. Completed a $30 million fundraising campaign for a new building, scholarship and centers. Increased membership and diversity of the advisory board. Lunched a national speaker series on global business education.

RESEARCH AND SCHOLARSHIP

Hired 20 full-time faculty members. Instituted a competitive research grant and faculty development program. Increased the proportion of academically qualified faculty from 50% in 1999 to 80% in 2003. Hired Canada Research Chair in Risk Management for Organizations. Hired Canada Research Chair in Management Informatics. Hired Killam Chair in Technology, Innovation and Marketing. Established the Eco-Efficiency Center. Established the RBC (Royal Bank) Centre for Risk Management. Established the Norman Newman Centre for Entrepreneurship. Increased faculty representation in journal editorship and editorial board membership.

STUDENT EXPERIENCE

Generated over 1,000 paid full-time internships annually to support a required undergraduate co-op Program.

Pan-American Business Partnership Program involving schools from the US, Canada and Mexico provided a range of multi-cultural and multi-lingual business training opportunities within the context of the North American Free Trade Agreement (NAFTA).

Developed a European internship program for students majoring in International Business Studies. Created and funded an annual U.S.-Canada Business Risk Management Case Competition

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NEW PROGRAMS

Executive Master of Electronic Commerce: joint program with Faculties of Law and Computer Science.

On-line Master of Public Administration in Management; joint program between Schools of Business and Public Administration.

Distance MBA Insurance and Financial Services. Master of Resource and Environmental Management. Master of Marine Management: a joint program with the Faculty of Arts and Social Sciences. Graduate concentrations in risk management, management informatics, and entrepreneurship. Ph.D. in Financial Economics: a joint program with the Faculty of Arts and Social Sciences.

GLOBAL PROGRAMS

Developed a management training program for the Saudi Arabian Institute of Banking. Developed public policy capacity building projects for the Cuban. Developed an integrated approach to river basin management for Russia’s Komi Republic. In cooperation with private sector partners and China's Beijing and Tsinghua Universities, created

professional training programs in environmental aspects of water resource development and management in China.

Various international exchange programs in Europe and Asia.

ACCREDITATIONS

Secured initial accreditation for the School of Business Administration from the AACSB (Association to Advance Collegiate Schools of Business International).

Secured a seven-year re-accreditation for the School of Information Management from the American Library Association (ALA) - the longest accreditation possible under the ALA regulations.

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CONCORDIA UNIVERSITY, JOHN A. MOLSON SCHOOL OF BUSINESS, MONTREAL, CANADA, 1981-1999

Concordia is one of the largest research comprehensive universities in Canada, offering more than 300 undergraduates and 200 graduate programs, diplomas and certificates in four Faculties, a School of Graduate Studies, and a School of Extended Learning. With over 8,000 students and 148 full-time faculty members, the John A. Molson School of Business is the second largest academic unit in the university. The School of Business offers several undergraduate, MBA and Master of Science programs. A Ph.D. program is also jointly offered with the Business Schools at McGill University, University of Montreal and University of Quebec at Montreal.

DIRECTOR, EXECUTIVE MBA PROGRAM, 1997-1998

Refocused and redesigned the curriculum. Developed a comprehensive marketing strategy. Developed an advisory board. Increased enrollment by 40%.

CHAIR, FINANCE DEPARTMENT, 1990-1996

Built a strong reputation as a top research unit in Canada. Hired five tenure-track faculty members from highly regarded doctoral programs. Recruited doctoral students who repeatedly distinguished themselves with the prestigious Governor

General Gold Medal of Canada. Faculty members received multiple teaching awards. Promoted student outreach and exposure programs with major financial institutions in Canada.

DIRECTOR, INTERNATIONAL EXCHANGE PROGRAM, 1989-1990

New exchange agreements:

Gothenburg School of Economics and Commercial Law, Gothenburg University, Sweden. The Group HEC, Paris, France. CERAM School of Management, Nice, France.

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