Stephen R. Peters
Lecturer
January, 2017
340 Wohlers Hall 605 W Main St
College of Business Mahomet, IL 61853
University of Illinois 217-549-8880
Education
Indiana University, Ph.D. (Finance), 1994
University of Nebraska, B.S. (Finance), 1988
Employment History
Lecturer, Department of Finance, University of Illinois, 2012-Present
Visiting Assistant Professor, Department of Finance, University of Illinois, 2007-2012
Assistant Professor, Department of Finance, Kansas State University, 2002-2007
Assistant Professor, Department of Finance, University of Cincinnati, 2000-2002
Visiting Assistant Professor, Department of Finance, University of Illinois, 1998-2000
Assistant Professor, Department of Finance, Insurance & Real Estate, University of
Connecticut, 1994-1998
Instructor, Department of Finance, Indiana University, 1993-1994
Associate Instructor, Department of Finance, Indiana University, 1988-1993
Research and Teaching Interests
Research: Financial Contracting, Corporate Finance, Financial Institutions, Financial Market Regulation
Teaching: Corporate Finance, Financial Institutions, Fixed-Income Securities
Teaching Recognition & Awards
Nominated for University of Illinois College of Business Excellence In Teaching Award, Sponsored by the College of Business and the College of Business Alumni Administration, 2016 (college-wide)
Nominated for University of Illinois Campus Excellence in Instruction Award, 2016 (university-wide)
Nominated for University of Illinois College of Business Excellence In Teaching Award, Sponsored by the College of Business and the College of Business Alumni Administration, 2015 (college-wide)
Nominated for University of Illinois Campus Excellence in Instruction Award, 2015 (university-wide)
“Incomplete List of Teachers Ranked as Excellent by Their Students” (university-wide), University of Illinois, multiple times (most recently, Summer 2016, FIN 511)
Kansas State Bank Teaching Award, 2005 (college-wide)
Mortar Board 2003 Outstanding Professor, College of Business Administration, Kansas State University (college-wide)
Nominated for Kansas State Bank Teaching Award, 2002 (college-wide)
Undergraduate Teaching Award, Department of Finance, Insurance, and Real Estate, University of Connecticut, 1997-1998 Academic Year.
Teaching Experience
University of Illinois (1998-2000 & 2007 – Present)
FIN 321, Advanced Corporate Finance, Undergraduate
FIN 461, Financial Institutions, Undergraduate
FIN 422, Cases in Finance, Undergraduate
FIN 424, Mergers & Acquisitions, Undergraduate
FIN 580 (formerly FIN 510), Financial Management for MSA Program students
FIN 520, Financial Management for Professional MBA students
FIN 521, Advanced Corporate Finance for MAS Program students
FIN 521, Advanced Corporate Finance for MSF Program students
FIN 511, Investments for MSA Program students
Kansas State University (2002-2007)
FINAN 510, Debt Securities & Markets (undergraduate)
FINAN 531, Commercial Bank Management (undergraduate)
FINAN 665, Intermediate Finance (undergraduate)
FINAN 675, Cases in Finance (undergraduate)
University of Cincinnati (2000-2002)
FIN 361, Foundations of Finance (undergraduate)
FIN 461, Advanced Corporate Finance (undergraduate)
FIN 463, Financial Institutions (undergraduate)
FIN 591, Problems in Financial Decisionmaking (undergraduate, capstone)
FIN 811, Financial Analysis (MBA)
University of Connecticut (1994-1998)
FNCE 201, Introduction to Corporate Finance (undergraduate)
FNCE 206P, Financial Institutions (undergraduate)
FNCE 401, Financial Institutions (doctoral seminar, team taught)
FNCE 498, Information Economics (doctoral seminar)
Indiana University (1988-1994)
F301, Introduction to Financial Management (undergraduate)
F301, Discussion Sections (undergraduate)
F420, Advanced Corporate Finance (undergraduate)
F446, Financial Institutions (undergraduate)
F260, Personal Finance (undergraduate)
Publications
“Protection for Whom?” 2005, with Stanley D. Longhofer, Regulation, Vol.28, no. 4, pp. 20-25.
“Self-Selection and Discrimination in Credit Markets,” 2005, with Stanley D. Longhofer, Real Estate Economics, Vol. 33, no. 2, pp. 237-268.
“Protection for Whom? Creditor Conflict and Bankruptcy,” 2004, with Stanley D. Longhofer, American Law & Economic Review, Vol. 6, no. 2, pp. 249-284.
“Debt vs. Equity and Asymmetric Information: A Review,” with Linda Schmid Klein and Thomas J. O’Brien, 2002, Financial Review, Vol. 37, no. 3, pp. 317-350.
“Mortgage Scoring Models and the Myth of Overrides,” with Stanley D. Longhofer, Perspectives on Credit Scoring and Fair Mortgage Lending, Federal Reserve Reserve System Credit Scoring Committee, Installment 5, Summer 2002.
"Is Lending Discrimination Always Costly?" with Michael F. Ferguson, Journal of Real Estate Finance and Economics, Vol. 21, no. 1, 2000, pp. 23-44.
"Why is Mortgage Discrimination Illegal? A Fresh Look at the Mortgage Discrimination Debate," with Stanley D. Longhofer, Regulation, Vol. 22, no. 4, 1999, pp.28-37.
"Beneath the Rhetoric: Clarifying the Debate on Mortgage Lending Discrimination," with Stanley D. Longhofer, Economic Review, Federal Reserve Bank of Cleveland, Vol. 34, no. 4, 1998, pp. 2-13.
"Cultural Affinity and Lending Discrimination: The Impact of Underwriting Errors and Credit Risk Distribution on Applicant Denial Rates," with Michael F. Ferguson, Journal of Financial Services Research, Vol. 11, nos. 1/2, 1997, pp. 153-168.
"What Constitutes Evidence of Discrimination in Lending?," with Michael F. Ferguson, Journal of Finance, Vol. 50, no. 2, 1995, pp. 739-748.
Working Papers, Manuscripts, and Work in Process
“The NFL Combine: Beauty Contest or Talent Show,” with Drew Jordan, draft, April 2015
“Discrimination & Favoritism in the National Football League,” draft, January 2015
“The Trouble with Anti-Discrimination Laws,” working paper, 2012
“Theory & Evidence of ‘Fair-Weather Fans’ in Professional Sports,” work in process
“Dinner Table Finance,” book outline and incomplete manuscript, 2013 (revised December, 2014)
Academic Awards and Grants
Finance Advisory Board Faculty Fellowship, Kansas State University, 2004, 2005
Center for Real Estate and Urban Economic Studies, University of Connecticut, Summer Research Grant, 1997 and 1998.
CIBER Dissertation Grant, Indiana University, 1993.
Graduate Fellowship, Indiana University, 1988-1993.
Research Award
University of Connecticut, School of Business Administration, 1994 Best Article Award.
Professional Activities
Papers on Conference Programs
“Self-Selection and Discrimination in Credit Markets,” with Stanley D. Longhofer, BANFF Retail Credit Risk Conference, Calgary, Canada, 2003.
“Self-Selection and Discrimination in Credit Markets,” with Stanley D. Longhofer, Southern Economics Association, San Antonio, TX, 2003.
“Protection for Whom? Creditor Conflicts and Bankruptcy,” with Stanley D. Longhofer, Financial Management Association, San Antonio, TX, 2002.
“Protection for Whom? Creditor Conflicts and Bankruptcy,” with Stanley D. Longhofer, Colorado Summer Finance Conference, Estes Park, CO., 1999.
“But I Know It When I See It: An Economic Analysis of Vague Rules,” with Michael F. Ferguson, Econometric Society Winter Meetings, 1999.
“Is Lending Discrimination Always Costly?,” with Michael F. Ferguson, American Real Estate and Urban Economics Association, 1998.
“Self-Selection and Discrimination in Credit Markets,” with Stanley D. Longhofer, American Real Estate and Urban Economics Association, 1998.
“A Symmetric-Information Model of Credit Rationing,” with Michael F. Ferguson, European Finance Association, 1996.
“But I Know It When I See It: Asymmetric Information, Reputation, and Vague Rules in the Regulation of Financial Markets,” with Michael F. Ferguson, Western Finance Association, 1996.
“Cultural Affinity and Lending Discrimination: The Impact of Underwriting Errors and Credit Risk Distribution on Applicant Denial Rates,” with Michael F. Ferguson, Federal Reserve Bank of Chicago/Loyola University/Journal of Financial Services Research Workshop on Discrimination in Financial Services, 1996.
“A Rationale for the Functional Separation of Qualitative Asset Transformation Services in Banking,” with Anjan V. Thakor, Western Finance Association, 1995.
“Loan Denial and Default Rates: What Can They Tell Us About Lending Discrimination?,” with Michael F. Ferguson, Eastern Finance Association, 1995.
“Why are Demand Deposits Sequentially-Service-Constrained and Insured?,” Journal of Financial Intermediation Symposium on Globalization and the Reform of Financial Institutions and Markets, 1993.
“The Role of Inside Collateral in Reducing Agency Costs,” Eastern Finance Association, 1991.
Other Academic Seminar Presentations
Atlanta Finance Workshop, Federal Reserve Bank of Cleveland, Kansas State University, University of Cincinnati, University of Connecticut, University of Georgia, University of Illinois, University of Massachusetts, Wichita State University.
Service
University of Illinois
Member, Undergraduate Educational Policy Committee, Department of Finance, 2014-present
Faculty Judge, MSF Jim Gentry Case Competition, 2014, 2015, 2016
Kansas State University
Member, Awards Committee (College)
Chair, College Committee on Planning (College)
Member, College Committee on Planning (College)
Member, FSCOUP (University)
Member, Assessment Committee (College)
Member, Scholarship Committee (Department)
Member, Recruiting Committee (Department)
Member, UGE Council (University)
Assessment Coordinator, Finance Department
University of Cincinnati
Faculty Advisor, FMA Club
Member, Library Committee (College)
University of Connecticut
Finance Department Advisor, UConn Honors Program
Chairperson, Departmental Undergraduate Committee
Coordinator, Introductory Finance Core Course (FNCE 201)
Faculty Advisor, Finance Society
Faculty Advisor, UConn Fishing Club
Member, Undergraduate Curriculum Committee (School)
Ad hoc refereeing
Financial Management, Financial Review, Journal of Banking and Finance, Journal of Corporate Finance, Journal of Finance, Journal of Financial Intermediation, Journal of Money Credit & Banking, Journal of Real Estate Finance & Economics, Quarterly Review of Economics & Finance, Real Estate Economics