Expert Profile: walkerm | Research Directory

Professional Summary

Native Texan. Married. Three daughters. Forty-two years as a faculty member at five institutions--26th year at UC.

Education

Ph D: University of Houston 1971 (Economics)

MA: Ohio State University Columbus, OH, 1966 (Economics)

BA: Austin College 1965 (Economics and Government)

Research and Practice Interests

Corporate finance

Positions and Work Experience

2007 - Virgil M. Schwarm Professor of Finance and Investments, Emeritus, Field service professor, University of Cincinnati,

2006 -2007 Director of the PhD Program in Business Administration, University of Cincinnati,

1988 -2007 Virgil M. Schwarm Professor of Finance and Investments, Department Head, 1988-1998, University of Cincinnati,

2005 -2006 Director of Program Management, University of Cincinnati,

2002 -2005 Associate Dean for Program Management, College of Business Administration, University of Cincinnati,

1999 -2002 Academic Director for Undergraduate Programs, College of Business Administration, University of Cincinnati,

1985 -1988 Professor of Finance, Head, Department of Finance, 1985-1998, University of Cincinnati,

1980 -1985 Professor of Finance, North Texas State University (now University of North Texas),

1978 -1980 Associate Professor, Chairman, Department of Finance, Insurance, Real Estate and Law, 1978-1985, North Texas State University (now University of North Texas),

1975 -1978 Associate Professor of Finance , MBA Program Director, 1976-1978 , University of Oklahoma,

1971 -1975 Assistant Professor of Finance, Georgia State University,

1969 -1970 Instructor of Finance, University of Houston,

Research Support

Investigators:Walker, Michael AED Salahhaddin University Type:Contract Level:Other

Publications

Published Abstracts

Walker, Michael Tax Cuts and Relative Firm Value .[Abstract]

Other Publications

Walker, Michael; Jones, S (2001. ) Balance Sheet Structure, Firm Size, and the Interest Rate Risk of Bank Holding Companies . Southern Business and Economic Journal

Walker, Michael; McConaughy, D; Henderson, G; Mishra, C (1998. ) Founding Family Controlled Firms: Efficiency and Value . Review of Financial Economics

Walker, Michael; Mukherji, S; Kim, Yong (1997. ) The Effect of Stock Splits on the Ownership Structure of Firms .3 (2 ) , Journal of Corporate Finance

Walker, Michael; Kalra, R.; Henderson, G (12-1994. ) Share Price Reactions of Plant Closing Announcements . Journal of Economics and Business

Walker, Michael; Adams, Paul; Wyatt, S (1994. ) Dividends, Dividend Policy and Option Valuation: A New Perspective . Journal of Business Finance and Accounting

Walker, Michael; Sundaram, S; Ogden, W (03-1993. ) The Wealth Effects of Corporate Presentations to the Financial Analysts Federation . Financial Analysts Journal

Walker, Michael; Klammer, T (1987. ) Capital Budgeting Questionnaires: A New Perspective . Quarterly Journal of Business and Economics

Walker, Michael; McDonald, J (1986. ) A Note on Discounting Risk-Adjusted Cash Flows in the Capital Budgeting Process . Journal of Financial Education

Walker, Michael; Chandy, P; Davidson, W (1985. ) Market Response to Airline, Natural Gas and Trucking Deregulation Acts: An Empirical Analysis . Southern Business Review

Walker, Michael; Chandy, P; Davidson, W (1984. ) Stock Market Effects of Airline Deregulation . Quarterly Journal of Business and Economics

Walker, Michael; Klammer, T (1984. ) The Continuing Increase in the Use of Sophisticated Capital Budgeting Techniques . California Management Review

Walker, Michael; Chandy, P; Davidson, W (1984. ) The Impact of Deregulation on Natural Gas Firms: An Empirical Study . Journal of Extractive Industries Accounting

Walker, Michael; Chandy, P (1984. ) Promised Yield Behavior of Junk Bonds . Akron Business and Economic Review

Walker, Michael; Thornton, J (06-1983. ) Value Maximization Considerations and Retroactive Liability Insurance for the Firm . Journal of Insurance Issues and Practices

Walker, Michael; Chandy, P; Davidson, W (1983. ) The Impact of Regulatory Environment on Bond, Preferred Stock and Common Stock Ratings . Electric Rate Making

Walker, Michael; McDonald, J (03-1982. ) The Demand for a Banker"s Bank in Texas . Texas Business Review

Walker, Michael; Mehta, D; Moses, E; DesChamps, B (12-1980. ) The Influence of Dividends, Growth and Leverage on Share Prices in Regulated Industries: An Econometric Study . Journal of Financial and Quantitative Analysis

Walker, Michael; Stowe, J (1980. ) The Effect of Executive Stock Options on Corporate Financial Decisions . Journal of Financial Research

Walker, Michael (02-1980. ) No It Isn"t, Says Author (Reply to "Technique Is Irrelevant") . Management Accounting

Walker, Michael; Stowe, J; Moriarity, S (1979. ) Decomposition Analysis of Financial Statements . Journal of Business Finance and Accounting

Walker, Michael (1979. ) Financing Pre-Hospital Emergency Care: An Examination of the Alternatives . Business and Public Affairs

Walker, Michael (03-1979. ) Determining the Appropriate Discount Rate for Private, Not-For-Profit Organizations . Management Accounting

Walker, Michael (1978. ) Final Report on the Provision of Policy Research and Technical Assistance to the Oklahoma City Mayor"s Emergency Medical Advisory Committee .

Walker, Michael; Chandler, G (1978. ) Equitable Allocation of Credit Union Net Revenues: A Goal Programming Approach . Journal of Economics and Business

Walker, Michael (1977. ) "Teaching Note for "Alpha Fund" .

Walker, Michael (1977. ) A Course in the Financial Management of Not-For-Profit Organizations . Journal of Financial Education

Walker, Michael (1977. ) Progressive National Bank" and Teaching Note .

Walker, Michael; Chandler, G (1977. ) On the Allocation of the Net Monetary Benefits of Credit Union Membership . Review of Social Economics

Walker, Michael (1976. ) A Note on Financial Institutions .

Walker, Michael; Chandler, G; White, D (1976. ) A Formula for Planning Goals . Credit Union Executive

Walker, Michael (1975. ) "Cattle Pens National Bank" and Teaching Note .

Walker, Michael (1974. ) "Jetway Air Lines Employees Credit Union" and Teaching Note .

Walker, Michael (1974. ) The Thrift Institution Problem Further Reconsidered . Journal of Bank Research

Walker, Michael (1974. ) Credit Unions: An Emerging Economic Force . Atlanta Economic Review

Walker, Michael (1973. ) "Piedmont State Bank" and Teaching Note .

Walker, Michael; White, D (1973. ) First Degree Price Discrimination and Profit Maximization . Southern Economic Journal

Walker, Michael (1972. ) "Traditional Towel Company" and Teaching Note .

Walker, Michael; Dow, L (1970. ) More on Price, Quality and Demand Curves . Mississippi Valley Journal of Business and Economics

Walker, Michael; Dow, L (1969. ) A Note on Price, Quality and Demand Curves . Mississippi Valley Journal of Business and Economics

Published Books

Walker, Michael (1984. ) Casebook for Chairing the Academic Department .CEI Macmillan Series in Higher Education

Walker, Michael (1983. ) Finance for the Nonfinancial Manager .Professional Development Institute, North Texas State University ,

Walker, Michael (1979. ) Cases in Financial Institutions,Grid, Inc., .

Walker, Michael (1975. ) Financial Administration .Dryden Press

Honors and Awards

Beta Gamma Sigma

Omicron Delta Epsilon

Who"s Who in America

Who"s Who in Education

Who"s Who in Finance & Industry

Who"s Who in the Midwest

Who"s Who in the World

1997 Emmens Distinguished Scholar (Invited)

1996 Nominated for Outstanding Professor

1992 Outstanding Finance Professor

1974 Ayres Fellow

Student Advising

Psihountas, Debbie; Lee, Jae; Domicone, Harry; Dhatt, Manjeet; Albert, Robert; Mukherji, Sandip; Richards, Charles; Matthews, Charles; Kalra, Rajiv; Johnson, David; Kreider, Steven; Chung, Kee; Mohan, Nancy; Leff, Myron Dissertation Committee Member

Lu, Ran Dissertation Committee Member Status:Completed

Dillon, Michael; Snavely, Jean; Jones, Steven; McConaughy, Daniel; Sundaram, Srinivasan; Metawe, Saad; Avard, Steven; Strickland, Thomas Supervised Research

Dillon, Mike Dissertation Committee Chair 2006

Service

Central Ohio Insurance Summit (Discussed higher educations meeting needs of insurance industry ) Session Chair Type:Community Service Level:Public

Southern Ohio Insurance Summit (Discussion of higher education meeting the needs of the insurance industry. ) Guest Speaker Type:Community Service Level:Public

University of Cincinnati Program for Korean Securities Industry Executives Type:Community Service Level:Public 1995

Johnson Matthey, Ltd., Fall Financial Conference Type:Community Service Level:Public 1988

Cincinnati Milacron, Financial Analysis Seminar Type:Community Service Level:Public 1987

Gifford-Hill, Inc., Introduction to Financial Management Seminar Type:Community Service Level:Public 1981

Republic National Bank of Dallas Credit Training Program Type:Community Service Level:Public 1980

Republic National Bank of Dallas Credit Training Program Type:Community Service Level:Public 1979

Emergency Medical Systems Seminars, The University of Oklahoma Type:Community Service Level:Public 02-1977

R.E. Evans and Associates, ((Bank charter application) ) Type:Community Service Level:Public 1977

Banking and Society in America Program (for Japanese Bankers) Georgia State University Type:Community Service Level:Public 1975

AT&T"s Long Lines Division (Southern Region), Engineering Economics Course Type:Community Service Level:Public 1974

Seminar on New Trends and Techniques in Bank Administration, Type:Community Service Level:Public 1974

Fulton National Bank of Atlanta,, Credit Training Program Type:Community Service Level:Public 1973

Citizens and Southern National Bank of Atlanta, Credit Training Program Type:Community Service Level:Public 1972

Georgia State University"s "Bank Funds Management" Seminar, Type:Community Service Level:Public 1971

National Association of Securities Dealers (Public Arbitrator ) Public Arbitrator Type:Community Service Level:Public 1997 -2004

Public Arbitrator, National Association of Securities Dealer Quasi-Judicial Type:Community Service Level:Public 1997 -2004

University of Cincinnati Executive Program, Financial Analysis Seminar Type:Community Service Level:Public 1988 -1992

Dayton Power and Light (Killen Station), Financial Analysis Seminar, Type:Community Service Level:Public 1987 -1988

Federal Land Commissioner, Condemnation Hearings for Lake Ray Roberts (Eastern District of Texas) Quasi-Judicial Position Type:Community Service Level:Public 11-1983 -11-1985

Stonier Graduate School of Banking (Resident Session), American Bankers Association, Type:Community Service Level:Public 1975 -1984

Institute for Financial Education School for Executive Development Type:Community Service Level:Public 1975 -1977

Task Force on Program Budgeting Type:University Level:University 2005

Graduate Council Type:University Level:University 2004

Steering Committee for Center for Assessment and Testing Type:University Level:University 2003

Strategy Task Force for Undergraduate Programs Chairperson Type:University Level:University 2001

Selection Committee EXCEL Award Committee Chair Type:University Level:University 2000

Review Committee for Head of Management Department Type:University Level:University 1999

Review Committee for Head of QAIS Department Type:University Level:University 1998

Selection Committee EXCEL Award Committee Chair Type:University Level:University 1997

Selection Committee EXCEL Award Committee Chair Type:University Level:University 1994

Review Committee for Head of Accounting Department Committee Chair Type:University Level:University 1991

Committee on Criteria and Procedures for Review of Academic Unit Heads Type:University Level:University 1987

Review Committee for Head of QAIS Department Committee Chair Type:University Level:University 1987

Search Committee for Dean, CBA Type:University Level:University 1976

Undergraduate Pathways Task Force Type:University Level:University 2006 -2007

Undergraduate Programs Committee Type:University Level:University 2006 -2007

University Research Council Type:University Level:University 2004 -2006

Executive Council Type:University Level:University 2002 -2005

Business Programs Committee Type:University Level:University 2003 -2004

College-Based General Education Committee Type:University Level:University 1999 -2004

E-Learning Committee Type:University Level:University 2000 -2002

Undergraduate Programs Committee Chairperson Type:University Level:University 1999 -2002

Executive Committee Type:University Level:University 1985 -2002

Search Committee for Director of Division of Professional Practice Type:University Level:University 2000 -2001

Finance Department Search Committee Chairperson Type:University Level:University 1997 -1998

Finance Department Search Committee Committee Chair Type:University Level:University 1996 -1997

Planning Committee for UC Department Chair Leadership Workshops Type:University Level:University 1994 -1995

Strategy Task Force Type:University Level:University 1991 -1993

Executive MBA Feasibility Study Committee Committee Chair Type:University Level:University 1989 -1990

MBA Program Revision Committee Type:University Level:University 1986 -1987

Advisory Committee on Management Development Center Type:University Level:University 1985 -1986

Planning and Guidance Committee Type:University Level:University 1985 -1986

Search Committee for Vice President for Academic Affairs Type:University Level:University 1984 -1985

Search Committee for Dean of the Graduate School Type:University Level:University 1983 -1985

Search Committee for Chairman of the Department of Economics Type:University Level:University 1983 -1984

Study Committee on Standard II of Southern Association of Colleges and Schools Self Study Committee Chair Type:University Level:University 1983 -1984

Steering Committee for the Study of the Organization of North Texas State University Committee Chair Type:University Level:University 1981 -1982

PhD Policy Committee Type:University Level:University 1980 -1981

Graduate Programs Committee Type:University Level:University 1975 -1978

Scholarship Committee Type:University Level:University 1976 -1977

Dean"s Advisory Committee Type:University Level:University 1975 -1976

Committee on Courses Type:University Level:University 1973 -1975

Committee on Faculty Organization Type:University Level:University 1973 -1974

Undergraduate Programs Committee (Curriculum Committee for Undergraduate Programs ) Committee Member Type:University/College Service Level:University

Board,(MATI), College of Business Administration, UC Member Type:Prof. Org. Level:Service to Professional Associations

(Eastern Finance Association (1984, 1990, and 1992), Financial Management Association (1983, 1991 and 1992), Midwest Finance Association (1989, 1993, 1995 and 1997), Southwestern Finance Association (1988 and 1989), and Southern Finance Association (1982) ) Committee Member Type:Prof. Org. Level:Service to Professional Associations

Departmental Leadership Institute, American Council on Education (Member, Executive ) Member Type:Prof. Org. Level:Service to Professional Associations

Graduate Programs in Finance,Memphis State University External Reviewer Type:Prof. Org. Level:Service to Professional Associations 1989

Symposium—"Two Papers on Variable Interest Rate Mortgages,"—Financial Management (Editor of Symposium—"Two Papers on Variable Interest Rate Mortgages,"—Financial Management ) Editor, Associate Editor Type:Prof. Org. Level:Service to Professional Associations 1975

(Paper Discussant and/or Session Chairman at various meetings of the Eastern Finance Association, the European Financial Management Association, the Financial Management Association, the Midwest Finance Association, the Southern Finance Association, and the Southwestern Finance Association, ) Session Chair Type:Prof. Org. Level:Service to Professional Associations 1975 -2003

Southern Business Review (Member, Editorial Board ) Member Type:Prof. Org. Level:Service to Professional Associations 1989 -1998

Research Committee, Goering Center for Family Business,University of Cincinnati Member Type:Prof. Org. Level:Service to Professional Associations 1989 -1996

Akron Business and Economic Review (Member, Editorial Board, ) Member Type:Prof. Org. Level:Service to Professional Associations 1989 -1991

Journal of Financial Research (Member, Joint Policy Board, ) Member Type:Prof. Org. Level:Service to Professional Associations 1988 -1990

Journal of the Midwest Finance Association (Associate Editor ) Editor, Journal Editor Type:Prof. Org. Level:Service to Professional Associations 1986 -1988

Professional Affiliation

American Finance Association,

1979: Cincinnati 1985-Present Dallas 1979-1985 Financial Executives Institute,