BS 1984 (University of Nebraska at Omaha)
MS 1987 and Ph.D. 1989 (Purdue University)

Investments, Time Series Analysis, Computational Finance

Security Analysis (463),Options and Futures (867) International Finance (450), Multinational Financial Analysis (850)and Investments Seminar (966)

Journal of Financial Research,
The Journal of Futures Markets,
Financial Review,
Journal of Business Finance and Accounting,
Weltwirtschaftliches Archiv,
The Journal of Investing,
Applied Economics Letters,
The Journal of Business and Economic Studies,
The International Journal of Finance,
Journal of Economics and Finance,
Journal of the Midwest Finance Association,
Minnesota Journal of Business

Midwest Finance Association Meeting, CBOT Award for the Best Research Paper, "The Hedge Ratio: An Exact Test of the Random Walk Hypothesis," with S. E. Wilcox, Journal of the Midwest Finance Association, Vol. 20, 1991, pp. 96-106.

Annual Conference on Multinational Financial Issues, The Best Paper Award, sponsored by Rutgers-The State University at Camden, "Emerging Capital Markets: Results From Cointegration Tests," with Richard DeFusco and George Tsetsekos, 1994.

College of Business Administration, University of Nebraska-Lincoln, Distinguished Teaching Award - College Level, Spring 1999.

Certificate of Recognition for Contributions to Students – Parents Association and Teaching Council of the University of Nebraska-Lincoln -1999


College of Business Administration, University of Nebraska-Lincoln, Distinguished Teaching Award - College Level, Spring 2000.

College of Business Administration, Pinnacle Bank Faculty Award – 2002

“The Effect of Time Series and Cross Sectional Heterogeneity on Panel Unit Root Tests,” with Angeline Lavin and Tim Jares Journal of Financial Research, Fall 2002, v. 25, issue 3, pp. 321-35.

“Global Diversification: An Introduction for the Individual; Investor,” with Richard DeFusco, Minnesota Journal of Business, No. 3, Spring 1997, pp. 14-21.

“An Error Correction Model for Forecasting Changes in Crude Oil, Heating Oil and Unleaded Gasoline Futures Prices,” with Steve Wilcox, The Journal of Business and Economic Studies, Vol. 3, No. 2, Winter/Summer 1996-1997, pp. 63-90.

“Deposit Insurance, Capital Adequacy Requirements and Interest Rate Dynamics,” with
G. V. Karels and Arun J. Prakash, Journal of Business Finance and Accounting, Vol. 24, Nos. 9 and 10, October/December 1997, pp. 1311-1330.


“Testing Purchasing Power Parity in the Presence of Transactions Costs,” with M. K. Pippenger, Applied Economics Letters, April 1997, pp. 611-614.
“The Irrelevance of Currency Choice in International Bank Loans,” with S. K. Sen and
G. V. Karels, The International Journal of Finance, Vol. 8, No. 3, 1996, pp. 198-219.

"Long Run Diversification Potential in Emerging Stock Markets," with Richard DeFusco and George Tsetsekos, Financial Review, Vol. 31, No. 2, May 1996, pp. 343.

"A Statistical Model for the Relationship between Futures Contract Hedging Effectiveness and Investment Horizon Length," The Journal of Futures Markets, Vol. 15, No. 5, August 1995,
pp. 507-536.

"Diversification in Emerging Stock Markets and the Investment Horizon," with Richard DeFusco and George Tsetsekos, The Journal of Investing, Vol. 4, No. 3, Fall 1995, pp. 44-48.

"Factor Price Equalization: A Cointegration Approach," with T. A. Burgman, Weltwirtschaftliches Archiv, September 1993, pp. 472-487.

"Mutually Beneficial Loan Workouts," with G. V. Karels, Journal of Economics and Finance, Vol. 16, No. 2, Summer 1992, pp. 102-118.

"The Hedge Ratio: An Exact Test of the Random Walk Hypothesis," with S. E. Wilcox, Journal of the Midwest Finance Association, Vol. 20, 1991, pp. 96-106.