Lal C. Chugh

Education: Ph.D., Harvard University

Background: Department of Accounting and Finance,

University of Massachusetts Boston, Chairman, 1985-2000

Research Interests: International Capital Markets, Inflation Protected Securities; Financial Intermediaries;

Selected Publications

Publications in The International Journal of Finance; The Financial Analysts Journal; Financial Executive; Journal of Business Finance and Accountin; Journal of Insurance Issues and Practices; Journal of Economics Studies; The Journal of Business and Economics Studies

Professional Activities

Chair, Academic Relations Committee, Financial Executive International 1997 – 2000 Member FEI

Honors

Baldwin Study-Travel Award for Excellence in Teaching

Fulbright Scholar

Don M. Chance, Ph.D., CFA, holds the James C. Flores Endowed Chair of MBA Studies and is Professor of Finance at the E. J. Ourso College of Business at Louisiana State University.

He previously held the William H. Wright, Jr. Endowed Chair for Financial Services at LSU, and the First Union Professorship in Financial Risk Management at Virginia Tech. Prior to his academic career, he worked for a large southeastern bank. Professor Chance has had numerous articles published in academic and practitioner journals and has authored three books:An Introduction to Derivatives and Risk Management (8th ed.) co-authored with Robert Brooks, Essays in Derivatives: Risk Transfer Tools and Topics Made Easy (2nd ed.), and Analysis of Derivatives for the CFA Program. His recently published research examines stock option repurchase plans, the evolution of futures contracts in U. S. markets, option contracts on movie film revenue, and the evolution of binomial models into continuous-time models, and he also recently published a paper on the likelihood of Joe DiMaggio’s 56-game hitting streak. He is often quoted in the media on matters related to derivatives and risk management as well as financial markets and the economy in general. He has extensive experience conducting professional training programs, and his consulting practice (Omega Risk Advisors, LLC) serves companies, organizations, and law firms. He is an advisor to IndexIQ, a New York-based provider of strategic index products, and The Governance Fund, a Minnesota-based investment manager. His current research deal with executive stock options, portfolio diversification, and the evaluation of asset allocation strategies, and he also works with social scientists in the study of crises and disasters. In his spare time he plays guitar, composes music, and sings in a business school band called Capital Gains.

Douglas R.Emery

Professor, Bank of America Scholar, and Department Chair, Finance
Research Interests

  • Theory and application of financial decision models
  • Liabilities management
  • Capital structure
  • Capital investment

Selected Publications

  • "Are the Wall Street Analyst Rankings Popularity Contests?" (withLi)Journal of Financial and Quantitative Analysis Vol. 44, No. 2, April 2009, 411-437.
  • "A Closer Look at Black-Scholes Option Thetas" (with Guo and Su) Journal of Economics and Finance Vol. 32, No. 1, January 2008, 59-74.
  • "The Value of Corporate Control and the Comparable Company Method of Valuation," (with Finnerty) Financial Management, Vol. 33, No. 1, Spring 2004, 91-99.
  • Other work published in a wide variety of journals, including:
  • Journal of Finance
  • Journal of Financial and Quantitative Analysis
  • Journal of Accounting Research
  • Journal of Banking and Finance
  • Journal of Marketing Research
  • Organizational Behavior and Human Performance
  • Psychometrika
  • Coauthor of seven books, including:
  • Corporate Financial Management, 4th Edition (2011) Wohl Publishing (with Finnerty and Stowe)
  • Debt Management, Harvard Business School Press (with Finnerty)

Teaching & Professional Experience

  • Previously held faculty positions at:
  • The University of Calgary
  • Purdue University, University of Missouri–Columbia
  • Binghamton University (SUNY)
  • Current or past:
  • Editor:Financial Management
  • Advisory Editor:The Financial Review
  • Associate Editor:Journal of Financial Research, Decision Sciences, FMA Online, The Financial Review, Financial Practice and Education
  • President: Financial Management Association
  • President: Eastern Finance Association
  • President: Southern Finance Association
  • V. P. for Annual Program: Financial Management Association
  • V. P. for Annual Program: Southern Finance Association

Degrees

  • Ph.D., M.B.A., University of Kansas
  • B.S., Baker University

Specialties

  • Corporate finance