RESUME:   STANLEY D. SMITH

CONTACT INFORMATION

Department of Finance                              (407) 823-6453 (OFFICE)
College of Business Administration            (407) 823-6676 (FAX)
University of Central Florida                       E-mail: stan.smith@bus.ucf.edu
Orlando, FL 32816-1400                            Web Page:  www.bus.ucf.edu/ssmith

EDUCATION

Ph.D. of Business Administration (Finance), Arizona State University, 1979.

Master of Business Administration (Finance), University of Oklahoma, 1972.

Bachelor of Business Administration (Finance), University of Oklahoma, 1971.

FACULTY POSITIONS

SunTrust Chair of Banking and Professor of Finance (1996-Present), Tenure (1996);
College of Business Administration, University of Central Florida, 1996-Present.
(undergraduate and M.B.A. courses in commercial bank management; M.B.A. course in management of financial institutions; Ph.D. seminar in financial markets & institutions; doctoral dissertation committee chair;  finance doctoral program coordinator)

Harold A. Dulan Finance Chair and Professor of Finance (1988-1996);
Associate Professor of Finance (1985-1988), Tenure (1985);
College of Business Administration, University of Arkansas, Fayetteville, 1985-1996.
(undergraduate courses in financial markets & institutions and business finance; M.B.A. course in financial institutions; Ph.D. seminar in financial markets & institutions; chaired six doctoral dissertation committees)

Associate Professor of Finance (1984-1985), Tenure (1984);
Assistant Professor of Finance (1979-1984);
School of Business Administration, Emory University, 1979-1985.
(undergraduate courses in commercial bank management, financial institutions management, and business finance; M.B.A. course in administration of financial institutions)

Graduate Teaching Instructor, Department of Finance, (1977-1978),
(undergraduate courses in financial institutions and business finance);
Academic Advisor to Undergraduate Students, Dean's Office, (1975-1977);
College of Business Administration, Arizona State University, 1975-1978.

Instructor of Business Administration; School of Business Administration, Southern Colorado State College (current name is Colorado State University - Pueblo), 1972-1975. (undergraduate courses in commercial banking, business finance, business statistics, principles of management, principles of marketing, and introduction to business on campus and at Ft. Carson U.S. Army Base, Ent U.S. Air Force Base, the Colorado State Penitentiary, and the Fremont County Extension Center)

ADMINISTRATIVE EXPERIENCE

Dean, College of Business Administration (current name is Sam M. Walton College  of Business), University of Arkansas, Fayetteville, 1989-1992.

     The College is AACSB-accredited for undergraduate and graduate programs in business and accounting.  The average total enrollment was 3,100 students in the undergraduate, master, and doctoral programs with 100 full-time-equivalent faculty.  Other units in the College included the Bessie Moore Center for Economic Education; the Small Business Development Center; the Entrepreneurial Services Center with offices in Little Rock, Fayetteville, and Malvern; the Bureau of Business and Economic Research; the Walton Institute of Retailing; the Center for Management and Executive Development; and the County Management Information System.

     Annual total giving to the College grew consistently during the three-year period and the number of annual donors increased. The Sam M. Walton Leadership Chair ($3,500,000) and the Wal-Mart Chair in Marketing ($1,250,000) were established.  Other six-figure endowed gifts included the J.D. Norris Lectureship in Finance, the J.D. Norris Graduate Scholarship, the M.D. Matthews College Lectureship, the K.P. Wilson Dean's Fund, the Walter Cole Chair in Accounting enhancement, and an agreement was signed to endow the Bessie Moore Center for Economic Education.

     While continuing to emphasize the research levels necessary for doctoral programs with increased summer research grants and awards, the College increased its emphasis on teaching. The following programs and awards were established and funded: College Summer Teaching Grants, the College Center for Teaching Effectiveness, the College Tutoring Program, the Phillips 66 Excellence Award in Teaching, two College Teaching Excellence Awards, and a Graduate Student Teaching Excellence Award.

Head, Department of Finance, College of Business Administration, University of Arkansas, Fayetteville, 1985-1989.

     The Department consisted of 500 majors, 12 full-time faculty, 7 part-time faculty and doctoral students, a secretary and a few work-study students.
 

PUBLICATIONS

""Wall $treet Week":  Information or Entertainment?" Eurico J. Ferreira and Stanley D. Smith, Financial Analysts Journal, Vol. 59, No. 1, January/February 2003, pp. 45-53.  This study was the subject of the articles, "In Maryland, Fluff Over Substance," William P. Barrett, Forbes, March 31, 2003, Vol. 171, Issue 7, p. 60, (also in Forbes.com and Yahoo! Finance) and "Should Investors Bother Watching "Wall Street with Louis Rukeyser," Jeff Battles, The Financial Journalist (Association for Investment Management & Research), March/April/May 2003, pp. 2-4.  It was also cited on the June 27, 2003, Louis Rukeyser's Wall Street show on CNBC and PBS that focused on the performance of analysts' recommendations.

“Finance Conference Awards and the Quality of Publications,” Yoon K. Choi and Stanley D. Smith, Advances in Financial Education (Financial Education Association), forthcoming.

"In Today's Market, Bank CDs Deserve a Fresh Look," James H. Gilkeson, Gary E. Porter, and Stanley D. Smith, American Association of Individual Investors Journal, Vol. 25, No. 2, February 2003, pp. 10-14.

"Real Options:  A Commercial Bank Lending Application," Yoon K. Choi and Stanley D. Smith, Managerial Finance, Vol. 28, No. 12, 2002, pp. 25-43. 

"The Effect of the Tax Reform Act of 1986 and Overbuilt Markets on Commercial Office Property Values," Stanley D. Smith, Larry R. Woodward, and Craig T. Schulman, Journal of Real Estate Research, Vol. 19, No. 3, 2000, pp. 301-320.

"The Impact of the Early Withdrawal Option on Time Deposit Pricing," James H. Gilkeson, Gary E. Porter, and Stanley D. Smith, Quarterly Review of Economics and Finance, Vol. 40, No. 1, 2000, pp. 107-120.

"Applications of WWW Technology in Teaching Finance," Stuart Michelson and Stanley D. Smith, Financial Services Review, Vol. 8, No. 4, 1999, pp. 319-328.

"Stock Price Reactions to Recommendations in the Wall Street Journal's ‘Small Stock Focus' Column," Eurico J. Ferreira and Stanley D. Smith, Quarterly Review of Economics and Finance, Vol. 39, No. 3, Fall 1999, pp. 379-389..

"Attention, All Community Banks: You Can Compete for the Best and Brightest.," Stanley D. Smith, America's Community Banker, October 1999, pp. 29, 31.

"The Independent Impact of Credit Rating Changes--The Case of Moody's Rating Refinement on Yield Premiums," Pu Liu, Fazal J. Seyyed, and Stanley D. Smith, Journal of Business Finance & Accounting, Vol. 26, Nos. 3 & 4, April/May 1999, pp. 337-363.

"The Neglected Frontier: Product Pricing Risk," Stanley D. Smith and Larry A. Frieder, ABA Banking Journal, Vol. 90, No. 4, April 1998, pp. 46-50.

"The Information Content of Second Ratings--Further Evidence from the Secondary Market," Stanley D. Smith, Pu Liu and Fazal J. Seyyed, Global Business Trends Contemporary Readings, 1997 Edition, ed. by S. G. Amin, D. L. Kurtz, D. L. Moore, and S. Fullerton, Academy of Business Administration: Cumberland, MD, 1997, pp. 57-64.

"The Effect of the Tax Reform Act of 1986 and Regional Economies on Apartment Values," Stanley D. Smith and Larry R. Woodward, Journal of Real Estate Research, Vol.11, No. 3, 1996, pp. 259-275.

"Using EDGAR on the Internet to Teach Finance and Business Courses," Stanley D. Smith, Journal of Financial Education, Vol. 22, Fall 1996, pp. 76-78.

"The Issuer Effect on Default Risk Insured Municipal Bond Yields," C. Steven Cole, Pu Liu and Stanley D. Smith, Journal of Economics and Finance, Vol. 18, No. 3, Fall 1994, pp. 331-342.

"The Effect of Default Risk Insurers on Municipal Bond Yields," C. Steven Cole, Pu Liu, and Stanley D. Smith, Journal of Insurance Issues, Vol 17, No. 1, March 1994, pp. 1-20.

"The Capitalization of the State Tax Exemption Benefit in Municipal Bond Yields," C. Steven Cole, Pu Liu and Stanley D. Smith, Journal of Financial and Strategic Decisions, Vol. 7, No. 2, Summer 1994, pp. 67-77.

"U.S. Credit Union Motivation for Involvement in the First Mortgage Market," James D.
Tripp and Stanley D. Smith, Journal of Real Estate Finance and Economics, Vol. 7, No. 3, November 1993, pp. 229-236.

"A Financial Analysis Framework for Examining the Teaching, Research, and Administrative Costs of Public Universities: The Arkansas Case," Stanley D. Smith, Arkansas Business and Economic Review, Vol. 26, No. 3, Fall 1993, pp. 1-10.

"How Mortgage Lending Affects Your Performance," James D. Tripp and Stanley D. Smith, Credit Union Executive, Vol. 33, No. 3, May/June 1993, pp. 34-40, 42.

"The Impact of the Insider Trading Scandal on the Information Content of the Wall Street Journal's 'Heard-on-the-Street' Column," Pu Liu, Stanley D. Smith and Azmat A. Syed, Journal of Financial Research, Vol. 15, No. 2, Summer 1992, pp. 181-188.  An early version of this study was the subject of "Study Says Impact of Journal Column Fell After Scandal," Wall Street Journal, November 30, 1988, p. C19.

 "A Simple Method to Estimate the Effects of Usury Ceilings on Commercial Loans," Pu Liu, Stanley D. Smith, and James D. Tripp, Midwest Review of Finance and Insurance, Vol. 6, No.1, Spring 1992, pp. 228-237.

 "Stock Price Reactions to the Wall Street Journal's Securities Recommendations," Pu Liu, Stanley D. Smith, and Azmat A. Syed, Journal of Financial and Quantitative Analysis, Vol. 25, No. 3, September 1990, pp. 399-410.

"The Estimated Effects of Current and Proposed Usury Ceilings on Commercial Loans in Arkansas," Pu Liu, Stanley D. Smith, and Jim D. Tripp, Arkansas Business and Economic Review, Vol. 23, No. 1, Spring 1990, pp. 18-22.   REPRINTED (in expanded version) as part of the James H. Penick Financial Research Series, Bureau of Business and Economic Research, University of Arkansas, Fayetteville, 1990.

"The Exploitation of Inside Information at the Wall Street Journal - A Test of Strong Form Efficiency," Azmat A. Syed, Pu Liu, and Stanley D. Smith, Financial Review, Vol. 24, No. 4, November 1989, pp. 567-579.

 The Impact of Default-Risk Insurance on Tax-Exempt Bond Yields, Stanley D. Smith, Pu Liu, and C. Steven Cole, the James H. Penick Financial Research Series, Bureau of Business and Economic Research, University of Arkansas, Fayetteville, May 1989.

"Non-deductible IRAs and Their Relative Benefits," Stanley D. Smith and Pu Liu, American Association of Individual Investors Journal, Vol. 10, No. 2, February 1988, pp. 13-15.

"Creative Financing, House Prices, and Property Tax Inequities," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, Urban Studies, Vol. 24, No. 5, October 1987, pp. 409-415.

"The Valuation of VA Assumable Loans," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith,  Appraisal Journal, Vol. 55, No. 1, January 1987, pp. 138-143.

"Valuation of Creative Financing: An Empirical Test of Financed Fee Valuation Adjustment versus Cash Equivalence," Stanley D. Smith, G. Stacy Sirmans, and C. F. Sirmans, Housing Finance Review, Vol. 5, No. 2, Fall 1986, pp. 151-158.

"Attractive Loan Packaging Equals Better Profits," G. Stacy Sirmans, C. F. Sirmans and Stanley D. Smith, Mortgage Banking, Vol. 46, No. 5, February 1986, pp. 61-65.   REPRINTED as "The Capitalization of Creative Financing in House Prices," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, Transactions of the Second Financial Congress, October 1986, pp. 191-207.

"Using Transfer Pricing in Credit Decisions," Stanley D. Smith, Larry H. Beard, and Charles D. Caldwell, Journal of Retail Banking, Vol. 7, No. 1, Spring 1985, pp. 29-34.

"The Issues and Implications of Creative Finance and House Prices: A Survey," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, Property Tax Journal, Vol. 4, No. 4, December 1985, pp. 383-415.

"Lending Risks and Alternative Loan Types," Stanley D. Smith, G. Stacy Sirmans, and C. F. Sirmans, Magazine of Bank Administration, Vol. 61, No. 9, September 1985, pp. 46-52.

"Measuring Inequities in Property Tax Assessments in the Presence of Creative Financing," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, Assessment Digest, May/June 1985, pp. 2-7.

"Using Futures Market Predictions of Yield Spreads," Stanley D. Smith and Robert W. Kolb, Magazine of Bank Administration, Vol. 60, No. 12, December 1984, pp. 66-70.

"Interstate Banking in the Southeast," Larry A. Frieder and Stanley D. Smith, Southeastern International Bankers Association Exchange, October 1984, pp. 1, 3.

"The Value? A Good Question Regarding Creative Financing," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, American Banker, Vol. 149, No. 203, October 15, 1984, pp. 14, 16.  REPRINTED in The Louisiana Realtor, Vol. 11, No. 6, November/December 1984, pp. 14-15.

"Consideration of Creative Financing Risks in Mortgage Lending," G. Stacy Sirmans, Stanley D. Smith, and C. F. Sirmans, Journal of Retail Banking, Vol. 6, No. 3, Fall 1984, pp. 37-41.

"The Valuation of Creative Financing in Housing," Stanley D. Smith, G. Stacy Sirmans, and C. F. Sirmans, Housing Finance Review, Vol. 3, No. 2, April 1984, pp. 129-138.

"Assumption Financing, Cash Equivalency and Comparable Sales Analysis," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, The Real Estate Appraiser and Analyst, Vol. 50, No. 3, Fall 1984, pp. 55-60.

"Cash Equivalency Valuation for Creative Financing Methods," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, Appraisal Journal, Vol. 52, No. 3, July 1984, pp. 420-435.

"The Shifting of FHA Discount Points: Actual vs. Expectations," Stanley D. Smith and G. Stacy Sirmans, American Real Estate and Urban Economics Association Journal, Vol. 12, No.2, Summer 1984, pp. 153-161.

"Adjusting Comparable Sales for Assumption Financing," G. Stacy Sirmans, C. F.Sirmans, and Stanley D. Smith, Appraisal Journal, Vol. 52, No. 1, January 1984, pp. 84-91.

"Cost of Capital Estimation and Capital Budgeting in the Banking Industry: A Survey," Kenneth L. Stanley and Stanley D. Smith, Proceedings of a Conference on Bank Structure and Competition, (Federal Reserve Bank of Chicago), 1983, pp. 549-552.

"Pricing Share Certificates," Stanley D. Smith and Kenneth L. Stanley, Credit Union Executive, Vol. 23, No. 3, Fall 1983, pp. 40-42.

"Pricing Share Drafts," Stanley D. Smith and Kenneth L. Stanley, Credit Union Magazine, October 1983, pp. 14-15.

"Assumption Financing and Selling Price of Single-Family Homes," G. Stacy Sirmans, Stanley D. Smith, and C. F. Sirmans, Journal of Financial and Quantitative Analysis, Vol. 18, No. 3, September 1983, pp. 307-317.

"The Effect of Assumption Financing on Residential Property Values," G. Stacy Sirmans, C. F. Sirmans, and Stanley D. Smith, Federal Home Loan Bank Board Journal, Vol. 16, No. 7, August 1983, pp. 22-25.

"Elimination of Homeownership Tax Subsidies and Their Effects," Stanley D. Smith, Federal Home Loan Bank Board Journal, Vol. 15, No. 10, October 1982, pp. 15-17.

"IRA Investments: Liquidity vs. Tax Avoidance," Stanley D. Smith, Journal of Retail Banking, Vol. 4, No. 1, March 1982, pp. 64-68.

"Social Security Retirement Age: Alternatives and Cost Comparisons," Stanley D. Smith and Kenneth L. Stanley, Journal of Risk and Insurance, Vol. 48, No. 4, December 1981, pp. 694-699.

"The Bank Holding Company Equity Capital Investment Process," Stanley D. Smith and Vincent P. Apilado, Proceedings of a Conference on Bank Structure and Competition, (Federal Reserve Bank of Chicago), 1980, pp. 284-286.

"Are Usury Statutes Finally Doomed?," Larry A. Frieder and Stanley D. Smith, Mississippi Business Review, August 1980, pp. 3-9.

IMPACT OF PUBLICATIONS:  CITATIONS

Different studies have been the subjects of articles in leading business publications such as the Wall Street Journal and Forbes.  The previous publications have been cited on Louis Rukeyser's Wall Street and over 300 times in textbooks on financial markets, investments, international investments, real estate finance, and law and economics and the following 54 academic and professional journals in the areas of finance and banking, real estate finance and urban economics, and other areas such as accounting, taxes, economics, law, management information systems, business ethics, and business education:

FINANCE and BANKING: Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Banking and Finance, Financial Analysts Journal, Journal of Risk and Insurance, Journal of Financial Research, Financial Review, Journal of Business Finance & Accounting, Quarterly Review of Economics and Finance, Journal of Economics and Finance, Public Finance Quarterly, Financial Services Review, Review of Financial Economics, Managerial Finance, Financial Practice and Education, Federal Home Loan Bank Board Journal, Federal Reserve Bank of Atlanta Economic Review, Journal of Retail Banking, Mortgage Banking, Journal of Financial and Strategic Decisions, and The Financial Journalist (AIMR).

REAL ESTATE FINANCE and URBAN ECONOMICS: Real Estate Economics/AREUEA Journal, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Housing Finance Review, Journal of Urban Economics, Land Economics, Journal of Regional Science, Journal of Housing Economics, Urban Studies, Appraisal Journal, Real Estate Appraiser and Analyst, Real Estate ReviewAppraisal Review Journal, Property Tax Journal, Journal of Real Estate Taxation, and Assessment Digest.

OTHER AREAS:   Journal of Accounting Research, National Tax Journal, Journal of Management Information Systems,  The Hastings Law Journal (University of California), Journal of Business Ethics, Journal of Business Research, Economic Inquiry, Social Science Quarterly,  Journal of Economics and Business, Quarterly Journal of Business and Economics,  Applied Economics Letters, International Review of Law and Economics, Economics of Planning, Canadian Journal of Administrative Sciences,  Politicka Ekonomie (Czech Republic),  and Journal of Education for Business.

ACADEMIC PAPER PRESENTATIONS AND RELATED ACTIVITIES

Financial Management Association Conference - 2003(2), 2002, 2001(2), 1999, 1998 (3), 1997, 1996, 1990, 1989, 1986, 1985, 1984; (Chair of Best Financial Institutions Paper Award Committee and Member of Best of the Best Paper Award Committee: 1998; Discussant: 2003, 1987, 1982, 1979).

Financial Management Association European Conference - 2003, 2002, 1999, 1997 (Program Committee: 1999; Session Chair: 2002,1999; Discussant: 2002, 1999)

Financial Management Association Asian Conference - 2001

Southern Finance Association - 2003, 2002, 2000, 1999, 1998,1996, 1991, 1989; (Program Committee: 1999, 1997, 1996, 1989; Session Chair: 1997; Discussant: 1997; Nominating Committee, 1997).

Southwestern Finance Association - 1998, 1995 (2), 1992, 1991, 1987,1986;  (Program Committee: 1988, 1987; Session Chair: 1987; Discussant: 1995).

Eastern Finance Association - 2000, 1989, 1983 (3), 1982, 1979.

American Real Estate and Urban Economics Association - May and December, 1983; May 1982; (Program Committee and Session Chair: December 1983).

Midwest Finance Association - 1989

Western Finance Association - 1980, 1979.

Academy of Financial Services - 2000, 1997

Financial Education Association - 2003, 2002

Academy of Business Education - 2003, 2002, 2000

European Applied Business Research - 2003, 2002

Association for Global Business - 2001

Academy of Business Administration - 1996, (Finance Area Coordinator on Program Committee and Discussant, 1996)

Second Financial Congress - 1986

Southwest Finance Symposium - 1995, 1988, 1986.

Midwest Academy of Finance & Insurance - 1992.

EXECUTIVE EDUCATION & PRESENTATIONS

SunTrust Bank, Florida Commercial Associates - 2000-2002, (Multiple presentations on SunTrust and the Banking Industry)

Florida Credit Union League Management Institute - 2000, (Technology Today)

SunTrust Bank, Central Florida Market Managers - 1997 (Product Pricing Risk)

Arkansas Bankers Association - 1991, (Partnerships Between Arkansas Bankers and Colleges of Business)

"U.S. Business Deans Explore Japan," Japan Watch (a television series shown in major cities in Japan and U.S.), 1990. This show was about a trip by Smith and four other U.S. business deans to Japan to meet with major business and government leaders that was sponsored by the Keizai Koho Center.

Arkansas Executives Forum - 1989, (Effects of Arkansas Usury Law)

Numerous presentations to civic, alumni, and economic organizations as University of Arkansas Business Dean about the relationships between businesses and colleges of business, 1989-1992.

Arkansas Association of Bank Holding Companies - 1989 (conducted research on proposed legislation on state usury ceilings and made presentation to Board of Directors).

ARvest Bank Group, 1987, (analyzed and developed part of training program for commercial loan officers and taught in program).

Arkansas Association of Bank Holding Companies - 1986 Annual Meeting, (Developments in Interstate Banking) 

Arkansas Association of Bank Holding Companies - 1986 Legislative Leaders Luncheon, Keynote Speaker on Developments in Interstate Banking.

Deloitte, Haskins, and Sells (current name is Deloitte & Touche), Atlanta, GA, 1982 (developed and taught part of training program for Results Bank Group Consultants division).

CONSULTING/EXPERT WITNESS

Williams and Anderson Law Firm, Little Rock, AR, 1988-95 (expert witness on savings and loan association failures).

Arens and Alexander Law Firm, Fayetteville, AR, 1991 (expert witness on real estate appraisal).

Sam Heuer, Attorney, Little Rock, AR, 1990 (expert witness on savings and loan association failures).

Nolan and Caddell Law Firm, Fort Smith, AR, 1989 (expert witness on present value analyses of a life care plan and an estimation of loss of income).

Wright Lindsey & Jennings Law Firm, Little Rock, AR, 1988 (expert witness on savings and loan association failures).

Rose Law Firm, Little Rock, AR, 1987 (expert witness on valuation of pension fund investments).

Eden Financial Consulting, Atlanta, GA, 1983-84, (development of mortgage products).

Stonecraft Enterprises, Pittsburgh, PA (capital budgeting and working capital analysis), 1980-81.

BOARD MEMBERSHIPS

Administrative Board, SunTrust Bank, Central Florida, Orlando, FL, 1997-Present.

Governing Board, Financial Education Association, 2001-Present.

University of Arkansas Chapter of American Association of University Professors (AAUP), 1996.

Arkansas State Council on Economic Education, Little Rock, AR, 1992-93.

Raymond Rebsamen Investment Trust, Fayetteville, AR, (trustee), 1985-92.

Sam and Helen Walton Arts Center Foundation, Fayetteville, AR, (charter member), 1986-89.

Emory Employees Federal Credit Union, Atlanta, GA, (treasurer (1985), chair of loan policy committee (1984)), 1983-85.

Park Lane Condominium Association, Inc., Atlanta, GA, (president), 1980-82.

Colorado Chapters of Phi Beta Lambda National Business Fraternity, Pueblo, CO, (Colorado State Advisor), 1974-75.

Southern Colorado State College Faculty Association, (affiliate of National Education Association), Pueblo, CO, 1974-75.

HONORS & AWARDS

UCF Financial Management Association Professor of the Year Award, 1998-1999

UCF Research Incentive Award, 2001

Galloway Service Award for UCF Finance Department, 1999 & 2001

Beta Gamma Sigma (honorary business fraternity)

Numerous Certificates of Appreciation

SELECTED EDUCATIONAL SERVICE

University of Central Florida
    College of Business Administration’s Promotion & Tenure Committee (1999-Present)
    College of Business Administration’s Doctoral Program Review Committee, 1999-2003, (chair for 1999-2001);
    College of Business Administration’s Doctoral Program Task Force, 1996-98, (chair);
    College of Business Administration’s Graduate Programs Review Committee, 1997-98
    University Research Council, 1996-97
    University Committee on Office of Graduate Studies (ad hoc), 1999
    University Task Force on Graduate Admissions (ad hoc), 2000
    University Strategic Planning Focus Group on Quality in Graduate Education (ad hoc), 2000
    Search Committees: Vice President for Research, 1999
                                         Vice Provost and Dean of Graduate Studies, 2000

Fayetteville, Arkansas School District, 1994-96, leader of community team that designed format to evaluate proposed programs and activities

University of Arkansas
    University Academic Standards Committee, 1993-96
    College of Business Administration’s Curriculum Committee, 1993-96
    Campus Council, 1989-92
    University Fringe Benefits Committee and the UA System Fringe Benefits Committee, 1987-89, (active in
        significant changes in health insurance and cafeteria plans)
    University Investments Advisory Committee, 1986, (advisor on changing repurchase agreements policy)

Emory University
    Committee on Pension Investments, 1984-85, (examined alternative pension opportunities)
    University Library Committee, 1983-85
    School of Business’ Curriculum Review Committee, 1980-81

Southern Colorado State College's University Budget Committee, 1974-75, (chair)

JOURNAL REFEREE AND EDITORIAL SERVICE

Ad hoc Referee: Journal of Financial and Quantitative Analysis, Journal of Financial Research, Financial Review, American Real Estate and Urban Economics Association Journal, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Urban Studies, Quarterly Review of Economics and Finance, Journal of Economics and Business, Journal of Economics and Finance,  Global Finance Journal, Review of Urban & Regional Development Studies, Financial Services Review, Journal of Midwest Finance Association, Journal of Financial Education, Financial Practice and Education, and Journal of Academy of Business Education.  

Editorial Board (1987), American Real Estate and Urban Economics Association Journal (current name is Real Estate Economics).

Editor (1984-1985), Southeastern International Bankers Association Exchange (Southeastern International Bankers Association and Emory University).