J. EDWARD GRAHAM (Spring 2018)
Department of Economics and Finance 6300 Sea Mist Court
Cameron School of Business Wilmington, NC 28409
University of North Carolina at Wilmington Cell: upon request
Wilmington, NC
EDUCATION
University of South CarolinaFinancePh.D.1998
University of North FloridaAccountingPost-graduate1982
University of North FloridaBusinessMBA1979
Washington and Lee UniversityCommerceBS1978
TEACHING EXPERIENCE
University of North Carolina at Wilmington (Fall 1998 – Present)
Professor of Finance, 2011-present; Associate Finance Professor 2003-2011; Assistant Finance Professor; 1998-2003. Courses taught at UNCW: Real Estate Investment Analysis, Foundations of Finance, MBA Finance for Executives, Commercial Banking and Bank Management, International Real Estate Investments, IMBA Thesis Seminar, Fundamentals of and Intermediate Corporate Finance, Personal Finance, Principles of Real Estate, and continuing honors projects and independent studies
Indiana State University (Fall 1996 - Spring 1997)
Visiting Assistant Professor; Personal and Corporate Finance, Financial Markets and Institutions, Real Estate Principals and Real Estate Investments
University of South Carolina (Summer 1993 - Summer 1996)
Business Financial Management, Investments, Commercial and Central Banking, Real Estate
Washington and Lee University (Spring 1995)
Guest Lecturer and Visiting Faculty Member; International Financial Management
PRIVATE SECTOR EXPERIENCE
Founder and Owner of Graham Properties, JEG Realty, LLC, Venetia Plaza, LLC and Edgewood and Post, LLC, with selected residential and commercial properties (1981-present), in Jacksonville, FL. Florida interests placed under management prior to employment with UNCW.
Comptroller of Graham Boat Yard, Inc., (1979-1981).
PEER-REVIEWED PUBLICATIONS
“A Bump in the Road: Speed bumps’ Impact on Property Values," with Adam Jones. 2018. Forthcoming in the International Journal of Housing Markets and Analysis.
“Regional Innovation and Firm Performance,” with Adam Jones and Rob Burrus. 2018. Forthcoming in the Journal of Business Research.
“Factors Influencing Mutual Fund Performance: A Fuzzy-set Analysis,” with Belen Ribeiro-Navarrete and Carlos Lassala. January 2018. International Review of Economics and Finance.
“Business School Grading on Both Sides of the Atlantic,” with Rob Burrus and Carlos Lasalla. November 2017. Journal of Business Research. Volume 69, Issue 11, pages 5106 - 5110
“Honor Codes and Perceptions of Cheating,” with Rob Burrus, Adam Jones and Bill Sackley. Winter 2017. Journal of Economics and Finance Education, 16(1). Pages 40 – 53.
“The Financial Crisis and the Wealth-impact of Liquidity Infusions for Publicly-traded Banks,” with Clay Moffett. 2014. Academy of Economics and Finance Journal, Volume V. Pages 25-30.
“Real Estate Ownership and Closely Held Firm Value,” with Craig Galbraith and Kurt Stiles, 2014. Journal of Property Investment and Finance, 32(3). Pages 229-243.
“Sleep Deprivation and Introductory Finance Student Performance,” with Rob Burrus, 2013. Journal of Financial Education. 39(3/4), pp. 31-46.
“The Relationships between the Real Estate and Stock Markets in Poland,” 2013. With Joe Farinella, Jacek Markowski and Pete Schuhmann. Real Estate Issues, Volume 38, Number 2, pp. 8-17.
“Biotechnology Valuation and Governance: Drug Development and Board of Director Composition.” 2013. With Pete Schuhmann and Chad Houston. Journal of Commercial Biotechnology, Volume 19, Number 1, pp. 7-23.
“Using the Scenario Method to Analyze Cheating Behaviors.” 2012. With Pete Schuhmann, Rob Burrus, Preston Barber, and Fara Elakai.. Journal of Academic Ethics, 11(1), pp. 17-33.
“Describing REIT Prices and the Real Estate Bubble using the Dividend Growth Model” with Joe Farinella, 2012, Journal of Financial Education. Volume 38, No. ¾, pp. 11-21.
PEER-REVIEWED PUBLICATIONS
“Hurricane Risk, Homeowner Behavior and Coastal Property Improvements,” with Rob Burrus and Chris Dumas. 2011. Emerald Publishing. International Journal of Disaster Resilience in the Built Environment, Vol. 2, No.2, pp. 118-138.
“Are My Colleagues Soft on (Academic) Crime?, with Rob Burrus and Mike Walker. 2011. Journal of Economics and Economics Education Research, Volume 12, Number 3, pp. 55-64.
“The Significance and Certification of Shelf Registrations,” with Clay Moffett and Bill Sackley. 2010. Southern Business and Economic Journal. Volume 33, No.4.
“The Finance Professor Teaching an Early Morning Class.” With Rob Burrus, Clay Moffett and Steve Robinson. 2010. Journal of Instructional Techniques in Finance, Spring/Fall. Pages 1-5.
“Hurricanes and Homeowner Decision Making,” with Rob Burrus and Chris Dumas. Fall 2010 issue of the Journal of Financial and Economic Practice, Vol. 10, Issue 2, pp. 1-11.
“Home-Buyer Sentiment and Hurricane Landfalls,” with Rob Burrus, Woody Hall and Pete Schuhmann. Published in the October 2009 issue of The Appraisal Journal . Vol. LXXVII, No. 4, pp. 338-347. This paper was the winner of the best academic paper of 2009.
“Coastal Homeowner Responses to Hurricane Risk Perceptions,” with Rob Burrus and Chris Dumas. Published in 2008 in the winter issue of the Journal of Housing Research. The Journal of Housing Research was the flagship journal of Fannie Mae, and has transitioned to stewardship under the American Real Estate Society.
“Ownership Structure, Expectations and Short Sales on the Nasdaq,” with Chris Hueghen. Published in the April 2007 issue of the Journal of Economics and Finance. The Journal of Economics and Finance is the flagship journal of the Academy of Economics and Finance.
“Hurricanes, Catastrophic Risk and Real Estate Market Recovery,” with Woody Hall and Pete Schuhmann. Published in the July-September 2007 issue of the Journal of Real Estate Portfolio Management. Published by the American Real Estate Society.
“EquityPrivate Placements, Liquid Assets and Firm Value,” with Roy Brooks. Published in the Fall 2005 issue of the Journal of Economics and Finance.
“Catastrophic Risk and Wealth-maximizing Choices for the Homeowner,” with Rob Burrus and Chris Dumas. The Financial Services Review, Winter 2002.
“Catastrophic Risk and the Behavior of Residential Real Estate Market Participants” with Woody Hall. Natural Hazards Review, August 2002.
“Hurricanes, Housing Market Activity and Coastal Real Estate Values,” with Woody Hall. The Appraisal Journal, October 2001.
“Costly Short Sales on the NASDAQ,” with Joe Farinella and Cyndi McDonald. Journal of Investing, Summer, 2001. The Journal of Investing is the flagship academic journal of the Institutional Investor.
“Determinants of Principles of Macroeconomics Homework Performance,” with Robert Burrus and Chris Dumas. The Journal of Economics and Economics Education Research, 2001.
“The Cost of Coastal Sturm Surge Damage Reduction,” with Rob Burrus and Chris Dumas. Cost Engineering, March, 2001. This journal is a centerpiece of the Association for the Advancement of Cost Engineering.
“Hurricane Storm Surge: Cost-Effective Mitigation in Wilmington, NC.” Refereed chapter in the book: In the Aftermath of Hurricane Floyd: Recovery in the Coastal Plain, Coastal Carolina Press. 2001. The paper was selected among studies submitted for inclusion in the book.
“Glued Together, But Miles Apart: Headley’s Section 1031 Like-Kind Property Exchange,” with Rob Burrus, published in The Journal of Finance Case Research, 2001.
“The Varying Risk Market Model; A Reexamination Based Upon Heteroskedastic Conditions and Other Statistical Robustness Tests,” with Andy Soporoschenko. Quarterly Journal of Business and Economics, Winter 1999.
BOOKS, CHAPTERS
Real Estate Investment, with Joe Goeters and John Wiedemer (deceased), 2010/2011. 335 pages. Invited co-author of the seventh edition of the text, published in May of 2010. Cengage Publishing, Mason, OH
“Impacts of Insurance Deductibles and Hurricane Damage Perceptions on Mitigation Choices,” with Rob Burrus and Chris Dumas. 2005. Refereed book chapter in Economics and the Wind, Ewing, Rawls and Kruse, eds. The paper was selected among studies submitted for inclusion in the book.
Firm Value and Optimal Levels of Liquidity, 2001, 160 Pages. Sole author. A book published by Garland Publishing and Columbia University, New York. This monograph was one of fewer than a dozen selected by Columbia University in its series Financial Sectors of the Economy, Stuart Bruchey, editor.
JOURNAL SUBMISSIONS, REVISIONS AND OTHER CURRENT RESEARCH ACTIVITIES
“Hurricane Risk Perceptions and Coastal Real Estate Values.” With Rob Burrus, Adam Jones and Pete Schuhmann.
“Factors Explaining US and Spanish Student Performance in Introductory Finance and Economics Courses.”
With Rob Burrus and Charles Wolfe.Under minor revision for journal resubmission.
“Geography, Demography and Grades: The International Graduate Student in the Finance Classroom.” With Clay Moffett. Under preparation for submission to the 2018 meetings of the Academy of Economics and Finance.
“The Housing and Financial Crisis and Real Estate Market Sentiment.” 2016. A working paper presented at the 2016 meetings of the American Real Estate Society.
“Katrina, Catastrophic Losses, and Homeowner Risk Aversion,” with Rob Burrus and Chris Dumas. 2008 - 17. A work in progress. A very long work in progress.
“Reducing Expected Hurricane Damage Costs: A Micro-economic Perspective,” with Rob Burrus and Chris Dumas. Working paper.
PROCEEDINGS/OTHER NON-REFEREED PUBLICATIONS
“Speed Bumps: Reduced Speeds and Lowered Housing Values,” with Adam Jones and Rob Burrus, 2015. Wilmington Business Journal (November)
“The Housing Bubble, the Cameron School and Real Estate.” 2014. Wilmington Business Journal (September)
“Early Morning Classes and Finance Student Performance,” with Rob Burrus. 2009 Proceedings of the Financial Education Association.
“Does High Short Interest Lead Underperformance?” 2002. With Joe Farinella and Cyndi McDonald. The CFA Digest, 32/1, February.
“Efficiency in the Mortgage Lending Market: The Narrowing of Spreads Between Mortgage Rates Offered by Lenders on the Internet” with Nikola Milivojevic. 2002 Proceedings of the Academy of Economics and Finance.
“Capital Structure Choice and the New High Tech Firm” with Robert Sheehan. 2001 Proceedings of the Academy of Economics and Finance.
“Catastrophic Risk, Homeowner Response and Wealth-Maximizing Wind Damage Mitigation,” 2001, Academy of Financial Services Paper Abstracts, October.
“Modeling Returns generating Processes and Tests of the APT,” 2000 Proceedings of the Academy of Economics and Finance.With Rob Burrus.
“The Capital Structure of a Stockholder-owned Insurance Company.” 1999 Proceedings of the Academy of Economics and Finance.
“The 1031 Property Exchange: An Alternative to the High Capital Gains Tax,” with Steve Robinson. 1999 Allied Academies International Conference. Later version published in the Proceedings of the Institute for Finance Case Research.
BOOK REVIEWS
Review of Using SAS in Financial Research by Boehmer, Broussard and Kallunki. Published in the Summer 2004 issue of the Journal of Financial Research.
Review of “Real Estate Valuation: Principles and Applications” by Kenneth M. Lusht, Journal of Financial Education, Spring 1997.
SELECTED ACADEMIC ACTIVITIES AND AWARDS
Winner of the MBA Professor of the Year at UNCW in 2018.
Recipient, with Adam Jones and Rob Burrus, of the Outstanding North American Research Award at the 2017 GIKA meetings in Lisbon.
Developer of new online classes in real estate and corporate finance during the 2017-18 academic year.
Recipient, with Rob Burrus, of an Outstanding International Research Paper Award in March of 2016 in Valencia, Spain, from the Global Information and Knowledge Academy at its annual meeting.
President of the Academy of Economics and Finance, 2015-2016.
Recipient of a reassignment grant during the fall semester of 2015, to examine international real estate and real estate market sentiment.
Second Vice President, First Vice President, Program Chair and President-Elect of the Academy of Economics and Finance, 2012 – 2015.
Recipient of the Discere Aude Teaching Awards in 2010, and again in 2011.
Recipient of the “Successful Latinos Certificate of Appreciation” from Centro Hispano, in the Office of Campus Diversity and Inclusion at UNCW. The award was given for work with Centro Hispano since 1999. Award received in May of 2015.
Officer and Director of the Academy of Economics and Finance, 2003 – 2016
SELECTED ACADEMIC ACTIVITIES AND AWARDS (continued)
Developer of a distance version of the real estate investments class, FIN 431, for the students in Onslow County during the spring of 2015.
Developer of a continuing online offering of corporate finance, in the EMBA and PMBA programs, and with the business foundations module, during the spring and summer of 2014.
Recipient of a grant from the Cameron School to examine changing real estate market sentiment in 2015, and the property value impacts of speed bumps during the summer of 2014 (now a completed paper being
prepared for journal submission).
Recipient of an award from BB & T in 2013 to examine the implications of real estate ownership on firm value for the closely held company. (This research has been published.)
Invited lecturer at the Ho Chi Minh City Development Center in Saigon in the summer of 2011. Instructed classes in Advanced Financial Management and Real Estate Investments.
Discere Aude faculty award for student mentoring. December 2010. Again in December of 2011.
Faculty host of over 50 undergraduate and graduate directed independent studies, honors projects and masters’ theses between 2000 and 2016.
Founding editor of the Academy of Economics and Finance Journal, 2010 - 2017.
Winner of the Best Academic Paper of the Year, 2009, in The Appraisal Journal, with Rob Burrus, Woody Hall and Pete Schuhmann.
Winner of the MBA Professor of the Year at UNCW in 2006 and in 2007.
Developer of a new program in International Finance and International Real Estate Investments for the International MBA students at UNCW.
Developer of a new program (2008 – 2011) with a thesis workshop for the International MBA’s at UNCW.
Instructor in the summer program at Hochschule Bremen in Bremen, Germany in the summer of 2004 teaching business financial management.
Guest lecturer at Hochschule Bremerhaven in Bremerhaven, Germany in 2004 in that school’s international program in business and finance.
Awarded a Fulbright-Hayes fellowship during the summer of 2003 to study a la Universidad Catolica de Valparaiso the Spanish language and Chilean culture
Editor of The Proceedings of the Academy of Economics and Finance, 2003-2010.
Recipient of a grant from BB & T in 2008 to examine the importance of liquidity infusions for firms in the financial sector during the financial crisis. (This research was later published.)
Recipient of Cameron School summer research grants in 2003 to study acquisitions and divestitures, in 2004 to study real estate market recovery following a catastrophic events, in 2006 to examine homeowner aversion to risk in the context of hurricanes, in 2007 to study real estate market sentiment, in 2008 to examine the effectiveness of public policy following natural disasters and in 2010 and 2011 to continue work examining the importance of liquidity for firms receiving cash infusions during the financial crisis. (Most of these grants resulted in publications.)
Winner of the MBA professor of the year at UNCW, 2001.
Recipient of an award for outstanding dedication to Sigma Nu fraternity in 2002 as its faculty advisor.
Recipient of the Cahill Grant at UNCW to study the impact of hurricanes on real estate values in 2000 and another Cahill Grant in 2001 to examine the impact of hurricane risk upon homeowner behavior. (Both of these grants resulted in published research.)
Recipient of grants from BB and T to study the implications of cash accumulations for the rapidly growing firm and international acquisitions and divestitures in 2000 and 2001.
Awarded a grant from the Center for Applied Real Estate Education and Research (with Rob Burrus and Chris Dumas) at USC in 1999 to study the interactions of insurance, property values and defensive measures for homeowners in hurricane-prone areas.*
Recipient of a Summer Research Grant from the Cameron School of Business, 1999, to study the value of liquidity for the firm issuing equity privately and in 2000 to study real estate value.
Winner of the Outstanding Graduate Student Teacher Award, College of Business Administration, University of South Carolina, 1995.
Developer of a new practitioner-focused initiative in real estate instruction at Indiana State University, 1996-7 and at UNC-Wilmington, 1998-present.
Reviewer for the Journal of Financial Research, the Journal of Housing Research, the Financial Review, the Journal of Economics and Finance, the Journal of Financial Education, The Journal of Real Estate Practice and Education and many other academic journals.
Textbook reviewer for McGraw Hill, Bridgepoint Education, Cengage Publishing, John Wiley, Prentice-Hall and others.
Instructor in a televised broadcast of a real estate finance class the University of South Carolina, 1996.
Nominated for the USC Educational Foundation Teaching Award, 1995.
PROFESSIONAL MEETINGS AND PRESENTATIONS
Various authored or co-authored research, much of it later published, was presented each year at the following meetings: Academy of Economics and Finance, 1999 – 2013 (a paper presentation scheduled in 2014 was cancelled due to an ice storm), and 2015 -2018; Financial Education Association, 2009, 2011, 2012, 2013, 2015, 2016, 2018; Southern Finance Association, 1996, 1998, 1999, 2002 – 2005, 2007-2008; American Real Estate Society, 2004 – 2008, 2010-2012, 2015, 2016, 2018; Financial Management Association, 1997, 1999 and 2000; the Academy of Financial Services, 2001; Allied Academies International Conference, 1999; Midwest Finance Association, 1997; and the Eastern Finance Association, 2001, 2002 and 2012.
Multiple teacher-training programs at UNCW and elsewhere, 1998-present.
Guest speaker or quoted source on corporate, real estate and investment finance at several southeastern universities and with various media and civic organizations in Florida and the Carolinas, 1999-present
Discussant, moderator, program committees, panel member and/or research track chair at various meetings (between 1995 and 2018) of the Financial Management Association, the Eastern Finance Association, the American Real Estate Society, the Southern Finance Association, the Southern Economic Association, the Southern Management Association, the Allied Southern Business Association, the Academy of Financial Services and the Academy of Economics and Finance.
Founding member of the Wilmington Investor’s Network and past member of the Wilmington Investor’s Roundtable. Member of other selected professional, civic, academic and financial organizations.
SELECTED TEACHING, COLLEGE AND UNIVERSITY SERVICE ACTIVITIES
Over 150 Internship Committees. Various iterations, 2000 – present.
Member of the UNCW Community Engagement Board, 2015 – present.
Member of the University Budget Committee, 2005-2013.
Chairman of the Faculty Senate Budget Committee, 2005-2013.
Member of the Campus Initiated Tuition Increase Committee, 2005- 2013.