Management Finance

Resume of Arun J. Prakash

Florida International

University

Ph: 305-***-****/81

College of Business Administration

Fax 305-***-****

University Park, RB 202 B

E-mail: ********@***.***

Miami, Florida 33199

Education

Employment History Awards Honors

Summary of Activities Teaching

EDUCATION

Degree

University

Dates

Doctor of

Philosophy (Ph.D.) Univ.

of Oregon, Eugene

1981

Quantitative methods, Finance

Ph.D. Dissertation Title:

An Empirical Investigation of Intertemporal Behavior of Common Stocks Due to

Change in Trading Location.

Master of

Business Admin.

Univ. of California,

Berkeley 1976

(MBA) Finance

Master of

Arts (M.A.) Univ.

of California, Berkeley 1970

Applied Statistics

EMPLOYMENT HISTORY

Employer

Position

Dates

Florida

International University

Professor Aug 96 - Present

College of Business Administration

Department of Finance, Miami, Florida

Professor and Chairman

Aug '88-July 96

Professor and Director of

Master of Science Program in Finance Aug '87-July

'88

Associate

Professor Aug '82-July '87

Assistant

Professor Jan '78-July'82

University

of Oregon Graduate Teaching

Fellow Jan '76-Dec '77

College of Business Administration

Eugene, Oregon

AWARDS AND

HONORS

Awards

Council of 100 Outstanding FIU Faculty of the year (Given

2001

to only one faculty in the entire university among 1100+ professors)

Evening

MBA Faculty Member of the year

2001

MSF Best

Professor of the Year Award (Seven times

Cohorts one through seven) Voted by the students in each cohort

since the inception of the program in January/August 2001 2004

2001 - 2003

Professorial Excellence Program Award (PEP)(one of 32 in FIU)

1998

Teaching

Incentive Program Award (TIP)

1998

University s Excellence in Research Award (Three times)

1987, 93, 98

Ryder

System Excellence in Teaching Award

1986

University s Excellence in Service Award

1988

Outstanding Achievement Award

1990

One

Semester Full Pay Sabbatical (Twice)

1983-84, 98-99

Honors

Appointed: Graduate Faculty with Advisor Status

2004

December 2000 CBA Commencement Speaker

2000

Elected

Fellow of the Royal Statistical Society, London

1990

Received

CStat (Chartered Statistician) Professional

Designation from the Royal Statistical Society, London

1997

Selected

for inclusion in Marquis Who s Who in USA

2001

Selected

for inclusion in Marquis Who s who in Finance and Industry

1998

Three

papers selected for inclusion in ANBAR Electronic Intelligence

Hall of Fame

1997, 1998

University of California Honor Student Society

1970

Beta

Alpha Psi, National Accounting Honor Society

1970

SUMMARY OF ACTIVITIES

Teaching

Taught

Undergraduate, Graduate and Doctoral level courses

Program and Course

Development

Developed and

implemented AACSB accredited Master of Science in Finance

Program in 1982. Developed and taught four Ph.D., three master s, and four

undergraduate courses

Other

Teaching Activities

Co-authored two textbooks

Research

Publications

Seventy-five

publications (fifty-four in refereed journals, eight in proceedings,

eight chapters in edited books, three non-referenced publications and two

cases). Published in refereed journals e.g. Decision Sciences,

Journal of Banking and Finance, Journal of Business Finance and

Accounting, The International Journal of Finance, Journal of the

Royal Statistical Society, The Journal of

Financial Research, The Real Estate Appraise and Analyst etc

Papers presented in American

Economics Association Meetings, European Finance Association Meetings,

European Financial Management Association Meetings, Eastern Finance

Association Meetings, Western Finance Association Meetings, Southern Finance

Association Meetings, Western Finance Association Meetings, International

Trade and Finance Association Meetings, etc.

Other Scholarly Activities

Coauthored one

research monograph

Service

Service to the Profession

Referee for

various journals, currently on editorial board of two journals, member program

committees for various academic conferences etc.

Currently serving of on the

Editorial Board of two Journals [Finance India) andJournal of

Economics and Finance. Have served on the editorial boards of Journal of Business Finance and Accounting for nine years.

Service

to the University Community

Served

on various Search and Screen Committees, Faculty Council (CBA s Governance

Committee), Faculty Development Committee (CBA s Promotion and Tenure

Committee), University s Sustained Performance Evaluation Committee, Master of

Science Program Director, College of Business Administration Representative to

University Senate, University Senate Steering Committee, Ph. D. Program in

Finance Coordinator,etc.AdministrativeChairperson of the Department of Finance for ten

years.

TEACHING AND RELATED AREAS A.

Award

Co winner

of the Evening MBA Faculty Member of the year

2001

MSF Best

Professor of the Year Award (Seven times - Cohorts one 2001 04

through seven) Voted by the students in each cohort since the

inception of the program in January 2001

Teaching

Incentive Program Award (TIP)

1998

Ryder Systems

Excellence in Teaching Award

1986

B.

Courses Taught(since joining FIU in January 1978)

Undergraduate

Level:

Basic Financial Management

Intermediate Financial Management

Securities Analysis

Portfolio Management and Analysis

Real Estate Investment

Options and Derivative Securities

Capital Budgeting and Resource Allocation

International Finance

Graduate Level:

Financial Management

Quantitative Methods in Financial Analysis

Securities Analysis

Portfolio Analysis

Capital Budgeting

Theory of Finance

Working Capital Management

Doctoral Level:

Statistical Methods in Finance I

Financial Theory I

Financial Theory II

Foundation of Financial Models

Seminars in Corporate Finance

Seminars in Portfolio Analysis

C.

Courses Developed

Undergraduate

Level:

Intermediate Financial Management

Personal Finance

Personal Investment

International Capital Markets

Graduate Level:

Quantitative Methods in Financial Analysis

Theory of Finance

Portfolio Analysis

Doctoral Level:

Statistical Methods in Finance I

Foundation of Financial Models

Seminars in Corporate Finance

Seminar in Portfolio Analysis

Program

Developments:

Developed and implemented Master of Science Program in Finance in 1982. The

program was first

accredited by AACSB in 1984 and then reaccredited in 1992.

D. Other

Teaching Related Activities

Publications:

Coauthored: (one text

book)

1. Financial,

Commercial and Mortgage Mathematics and Their Applications,

Published by Praeger Publishing Company, 1987 (Arun J. Prakash, Gordon V.

Karels, and Ray Fernandez), second edition coming in Fall 1998 (seven reprints),

used in Quantitative Methods in Financial Analysis courses at graduate and

undergraduate levels [Greenwood Publishing Co.]

Coauthored (two teaching

related papers)

1. A

Simple Stylized Approach to Teaching Some Basic Concepts in Financial Management

at the Undergraduate and Graduate Levels, [Krishnan Dandapani, Karen Duhala,

Arun J. Prakash and Michael Smyser], Finance India,

September 1994, pp 681-692.

2. A Simple Procedure to

Amortize a Loan, [Gordon V. Karels, Shahid Hamid, and Arun J. Prakash],

Finance

India, March

1996, pp 99-102.

Coauthored (two cases)

1. Portfolio

Structuring: Fall City State Bank [Gordon V. Karels, Arun J. Prakash, and

Stephen E. Wilcox], published in Cases in Commercial Bank Management, Kolb

Publishing, 1994 (Editor: E. N. Roussakis), pp 16-24.

2. Impact of Capital

Requirements: Lincoln Bank Systems, [Gordon V. Karels, Arun J. Prakash, and

Stephen E. Wilcox], published in Cases in Commercial Bank Management,

Kolb Publishing, 1994 (Editor: E. N. Roussakis), pp 25-31.

E.

Teaching and Research Related Activities

Master s

Thesis Supervised:

One of the optional requirements in the Masters of

Science in Finance program is that a student can write a Master s Thesis for six

credits instead of taking two courses. I think so far only four students had

opted for this option since the inception of the MSF program. I have supervised

three of them. They are

1. Valuation

Models Under a Three Moment World, Loman, Ng, 1980.

2. The

Effect of the Money Supply on the Market Risk Premium within the Framework of

the Capital Asset Pricing Model: A Theoretical Discussion, Bill Saeger,

1983.

3. Short

Term Forecasting Model of Foreign Currency Reserves for Latin American

Countries, Stephen Wynn, 1980, (co-supervisors: Robert M. Bear and

William W. Welch).

Doctoral Dissertation

Supervised:

Note

that since the inception of the Ph.D. program in 1987, ten students have

graduated and I supervised six of them. At present I am supervising two

doctoral dissertations.

1. The

Log-Normal Model Applied to Zero Coupon Pure Discount Bonds: Theory and

Empirical Evidence from the U.S. Treasury Bill Market, Michael Smyser,

1991.

2. Personal

Taxes and under pricing Initial Public Offerings: Theory and Empirical

Evidence, Mary Ann Reside, 1992.

3. An

Empirical Examination of the Impact of Options Trading on the Underlying

Stocks: An Evidence from the Influence of Introduction of Index Options and

Deregulation in Options Market, Mohammad Golam Robbani, 1994.

4. Evidence

of the Multifractal Market Hypothesis Using Wavelet Transforms, Sheikh

Pancham, 1994.

5. Estimation

of Global Systematic Risk for Securities listed in Multiple Markets, Gauri

L. Ghai, 1998

6. "Using

Extreme value theory to value stock market returns", Therese

Pactwa, 2001

Current Doctoral Dissertation

Advisor of

1. Leyuan

You, Estimation of Global Beta and the Tests of Capital Asset Pricing Models

2. Duong

Nguyen, On the Compensation of Illiquidity in Asset Pricing: An Empirical

Evaluation using Three-Factor Model and Three- Moment CAPM

Doctoral Dissertation

Committee Membership:

On committees of Pornchai Chunhachinda, Mary Ann

James (Accounting), and several others. F.

Students Evaluation of

Teaching Effectiveness

Prior to

1996:

Up

until 1996, the department used to use the internal CBA evaluation form, which

was on 4.0 scale. I always scored between 3.0 (Good) and 4.0 (Excellent),

except for once (2.93) in my twenty-year teaching career.

(Excellent 4.0, Good 3.0, Fair 2.0, Poor 1.0)

After 1996:

Scored

3.6 and 3.8 on a 5.0 scale in class of respectively 180 and 200 students.(Excellent

5.0, Very Good 4.0, Good 3.0, Fair 2.0, Poor 1.0). Consistently scoring more

than 4.25, on the average, every semester, thus receiving the

OUTSTANDING Evaluation in Teaching every year.

RESEARCH AND SCHOLARSHIP

A.

Awards and

Honors

Council of 100 Outstanding FIU

Faculty of the year 2001

Professorial Excellence

Program Award (PEP ) 1998

University Award for Excellence in

Research 1987, 93, 98

Elected, Fellow of the Royal Statistical Society, London

1990

Awarded Chartered Statistician (CStat) by RSS,

London 1997

Three papers (listed below **)

have been placed in

the Hall of Excellence of ANBAR Electronic Intelligence

B.

Papers

Forthcoming and Publications in Refereed Journals

International Stock Market

Reaction to Interest Rate Changes by Major Central Banks (Shahid Hamid, Ali M

Parhizgari, Arun J. Prakash), forthcoming in

International Journal of Finance

Bank Mergers and Components of Risk: An

Evaluation (Suchismita Mishra, Arun J Prakash, Gordon V. Karels, Manfred

Petersen),

Journal of Economics and Finance, Vol. 29, No. 1, Spring 2005, 86-97

"A

Synthesis of Theoretical Relationship between Systematic Risk and Financial

and Accounting Variables" (Edward R. Lawrence, Suchismita Mishra and Arun J

Prakash) The International Journal of Banking and

Finance Volume 2, No. 1, 2004

Sale of Monopoly Information

and the Behavior of the Rivaling Clients: A Theoretical Perspective (Chun-Hao

Chang, Arun J. Prakash and Shu Yeh) Review of Finance

and Economics, Vol 13, Issue 3, 2004, 283-304

The Adaptation of EVA and

Financial Ratios, (Arun J Prakash, Chun hao Chang, Lewis Davidson and Chih-Chen

Lee) International Journal of Finance,, Vol 15,

Issue 2, 2003, 2574-2592

The

Adaptation of EVA and Firm Risks ( Arun J. Prakash, Chun-Hao Chang, Lewis

Davidson and Chih-Chen Lee) International Journal of Finance, Vol 15, Issue 2, 2003, 2593-2603

Bid-Ask

Spread and Measures of Risk {Suchismita Mishra, George McCabe and Arun J

Prakash} International Journal of Finance November 2003,Vol 15, Issue 4,

2003,

2755-2763

The

Break-Even Frontier for Early Withdrawals from a Tax Deferred Account (Arun

J. Prakash, Michael W. Smyser), Journal of Financial

Planning, August 2003, Issue 8

Selecting a Portfolio with

Skewness: Recent Evidence from U.S., European, and Latin American Stock

Markets, (Arun J. Prakash, Chun Hao Chang and Therese Pactwa) Journalof Banking and Finance, August, 2003 Vol. 27, 1375-1390

Investors Preferences and

Perceived Problems in Electronic Trade of Securities: A Survey Analysis

{ Rajeshwar Sirpal, Arun J Prakash and

Parikshat Sirpal ] Journal of Wealth Management, Volume 3 No. 3 Winter 2002

Old Wine in a New Bottle:

Growth Opportunities and Re pouring of Gordon sVintageDividend

Policy (Arun Jai Prakash, Robert M Bear and Chun-Hao Chang)Finance

India, March 2002, Vol 16, No. 1

A Study of Some Basic

Properties of Mortgage Valuation Under Fixed and Graduated Payment Mortgage,

[Arun J. Prakash, Maria E. de Boyrie, Shahid Hamid and Simon Segal],Finance India,,December 2001,

Vol 15, No. 4

Risk Diversification as a

Motive for Bank Mergers", (Arun J Prakash, G.V. Karels, Suchismita Mishra and

Manferd O. Peterson), The International Journal of

Finance, Vol.13, No.1, 2001

An

Empirical Investigation of the Stability of the Risk Measures of Latin

American Common Stocks Through Their Underlying Return Generating Process [Arun

J Prakash, Raul Moncarz, and Gary A Anderson ]

Quarterly Journal of Business and Economics, Spring 2001 Vol. 40 No. 2

Strategic Rules on

Speculation in the Foreign Exchange Market, [Dilip K. Ghosh and Arun J.

Prakash], Journal of Financial Research,

Spring 2001,Vol. 24, No. 1

Estimation of Global

Systematic Risk of Securities Listed in Multiple Markets, [Gauri L. Ghai,

Maria E. de Boyrie, Shahid Hamid and Arun J. Prakash], The

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