Carl H. Lindner College of BusinessCarl H. Lindner College of BusinessUniversity of Cincinnati

Carl H. Lindner College of Business

Michael Walker

Emeritus
Professional Summary
Michael Walker
Native Texan. Married. Three daughters. Forty-two years as a faculty member at five institutions--26th year at UC.
Contact Information
E-mail:
Office:
402 Carl H. Lindner Hall
Phone:
513-556-7070
Fax:
513-556-0979
Teaching Interest
  • Corporate finance, financial statement analysis, risk management
Research Interest
  • Corporate finance
History

Institution:
University of Cincinnati
Title:
Virgil M. Schwarm Professor of Finance and Investments, Emeritus


Institution:
University of Cincinnati
Title:
Director of the PhD Program in Business Administration
End Date:
2007-12-31


Institution:
University of Cincinnati
Title:
Virgil M. Schwarm Professor of Finance and Investments
End Date:
2007-12-31


Institution:
University of Cincinnati
Title:
Director of Program Management
End Date:
2006-12-31


Institution:
University of Cincinnati
Title:
Associate Dean for Program Management, College of Business Administration
End Date:
2005-12-31


Institution:
University of Cincinnati
Title:
Academic Director for Undergraduate Programs, College of Business Administration
End Date:
2002-12-31


Institution:
University of Cincinnati
Title:
Professor of Finance
End Date:
1988-12-31


Institution:
North Texas State University (now University of North Texas)
Title:
Professor of Finance
End Date:
1985-12-31


Institution:
North Texas State University (now University of North Texas)
Title:
Associate Professor
End Date:
1980-12-31


Institution:
University of Oklahoma
Title:
Associate Professor of Finance
End Date:
1978-12-31


Institution:
Georgia State University
Title:
Assistant Professor of Finance
End Date:
1975-12-31


Institution:
University of Houston
Title:
Instructor of Finance
End Date:
1970-12-31


Assignments

Description
Director, PhD Program in Business Administration, College of Business, University of Cincinnati
Dates:
2006-01-01 - 2007-12-31



Description
Academic Director for Program Management, College of Business, University of Cincinnati, 2005-2006
Dates:
2005-01-01 - 2006-12-31



Description
Associate Dean for Program Management, College of Business Administration, University of Cincinnati, March
Dates:
2002-01-01 - 2005-12-31



Description
Academic Director of Undergraduate Programs, College of Business Administration, University of Cincinnati
Dates:
1999-01-01 - 2002-12-31



Description
Department of Finance, University of Cincinnati
Dates:
1985-01-01 - 1998-12-31



Description
Chairman, Department of Finance, Insurance, Real Estate and Law, North Texas State University
Dates:
1978-01-01 - 1985-12-31



Description
Director, MBA Program, University of Oklahoma, College of Business Administration,
Dates:
1976-01-01 - 1978-12-31



Awards | Honors

Name:
Beta Gamma Sigma


Name:
Omicron Delta Epsilon


Name:
Who's Who in America


Name:
Who's Who in Education


Name:
Who's Who in Finance & Industry


Name:
Who's Who in the Midwest


Name:
Who's Who in the World


Organization:
Ball State University
Name:
Emmens Distinguished Scholar (Invited)
Year Received:
1997


Organization:
MBA Association, University of Cincinnati
Name:
Nominated for Outstanding Professor
Year Received:
1996


Organization:
MBA Association, University of Cincinnati
Name:
Outstanding Finance Professor
Year Received:
1992


Organization:
Stonier Graduate School of Banking, American Bankers Association
Name:
Ayres Fellow
Year Received:
1974


Education

Institution:
University of Houston
Major:
Economics
Completed:
1971
Degree:
Ph D


Institution:
Ohio State University
Location:
Columbus, OH
Major:
Economics
Completed:
1966
Degree:
MA


Institution:
Austin College
Major:
Economics and Government
Completed:
1965
Degree:
BA


Published Contributions

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


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



Accepted Contributions



Research in progress

Title:
Tax Cuts and Relative Firm Value

Description:
An examination of the differential impact of tax cuts on the value of firms.

Status:
Planning



Presentations

Title:
Comparing Theories with Firm Principal Responses on Who Decides To Go Public and Why
Organization:
Southwestern Finance Association
Year:
2007


Title:
Corporate Meetings at the Amex Club—The Price and Volume Reactions [Updated and revised version]
Organization:
Midwest Finance Association
Year:
2001


Title:
The Relationship Between Accounting Measures of Performance and Market Measures of Risk: The Case of Banks
Organization:
Eastern Finance Association
Year:
1998


Title:
The Relationship Between Accounting Measures of Performance and Market Measures of Risk: The Case of Banks
Organization:
Financial Management Association
Year:
1998


Title:
Corporate Meetings at the Amex Club—The Price and Volume Reactions [Updated and version]
Organization:
Midwest Finance Association
Year:
1998


Title:
Corporate Meetings at the Amex Club—The Price and Volume Reactions [Updated version]
Organization:
Midwest Finance Association
Year:
1998


Title:
Sources of Market-Determined Risk of Bank Stocks
Organization:
Eastern Finance Association
Year:
1997


Title:
Founding Family Controlled Firms: Operations, Financing, and Value [Selected as Best Unpublished Research]
Year:
1996


Title:
Founding Family Controlled Firms: Operations, Financing, and Value
Year:
1995


Title:
Effect of Stock Splits on the Ownership Structure of Firms
Year:
1994


Title:
The Impact of Ownership Structure Upon the Efficiency, Profitability, Capital Structure and Value: The Case of Public Firms Controlled by Their Founder or Their Families
Organization:
Financial Management Association
Year:
1994


Title:
The Effect of Founding Family Control Upon Corporate Performance, Capital Structure and Riskiness
Organization:
Midwest Finance Association
Year:
1994


Title:
Effects of Plant Closings on Financial Performance and Value
Organization:
Midwest Finance Association
Year:
1994


Title:
The Impact of Founding Family Control Upon Corporate Performance and Efficiency
Organization:
Eastern Finance Association Meeting
Year:
1994


Title:
The Market's Reaction to Corporate Presentations at the AMEX Club
Organization:
Midwest Finance Association
Year:
1993


Title:
Underwriter Support and the Nature of Returns to Initial Public Offerings
Organization:
Midwest Finance Association
Year:
1993


Title:
Corporate Meetings at the Amex Club—The Price and Volume Reactions
Organization:
Southern Finance Association
Year:
1993


Title:
Market Consequences of Plant Closings
Organization:
Eastern Finance Association
Year:
1992


Title:
Stock Market Reactions to Corporate Presentations at AMEX Clubs
Organization:
Southern Finance Association
Year:
1992


Title:
Stock Splits: Shareholder Effects
Organization:
Southern Finance Association
Year:
1992


Title:
Put Options Introduction: Different from Call Option Introduction
Organization:
Southwestern Finance Association Meeting
Year:
1992


Title:
The Wealth Effects of Corporate Presentations to the Financial Analysts Federation
Organization:
Southwestern Finance Association Meeting
Year:
1992


Title:
Commercial Bank Response to the TRA of 1986
Year:
1990


Title:
Share Price Reactions to Plant Closings
Year:
1990


Title:
An Empirical Study of Market Reaction to Presentations of the Financial Analysts
Year:
1990


Title:
Financial Planning in the Small Firm
Organization:
International Council for Small Business
Year:
1988


Title:
Predicting Industrial Bond Rating Changes
Year:
1985


Title:
The Impact of Deregulation on Trucking Firms
Year:
1985


Title:
Firm Value Maximization as a Basis for Risk Management Decisions
Year:
1984


Title:
The Impact of Deregulation on Natural Gas Firms: An Empirical Study
Organization:
Eastern Finance Association
Year:
1984


Title:
Investors' Perception of Airline, Trucking and Natural Gas Deregulation Acts
Organization:
Eastern Finance Association
Year:
1984


Title:
Firm Usage of Sophisticated Capital Budgeting Techniques Continues to Increase
Year:
1982


Title:
Promised Yield Behavior of Junk Bonds
Organization:
Eastern Finance Association
Year:
1982


Title:
Value Maximization Considerations and Retroactive Liability Insurance for the Firm
Year:
1982


Title:
An Empirical Study of the Market Risk Premium
Year:
1981


Title:
More Evidence on the Adoption of Sophisticated Capital Budgeting Techniques: Further Analysis
Year:
1981


Title:
An Empirical Examination of Risk-Return Estimates for Real Estate Projects
Organization:
Eastern Finance Association
Year:
1980


Title:
More Evidence on the Adoption of Sophisticated Capital Budgeting Techniques
Year:
1980


Title:
Reductions in Corporate Income Tax Rates, Firm Value and Capital Asset Selection
Year:
1979


Title:
Real Estate Valuation Models: A Test of Relative Performance
Organization:
Southwestern Finance Association
Year:
1979


Title:
The Divergence of Management and Shareholder Interests Caused by Executive Stock Options
Organization:
Eastern Finance Association
Year:
1978


Title:
Financial Statement Analysis Through the Use of Decomposition Analysis
Organization:
Southwestern Finance Association
Year:
1978


Title:
An Economic Argument for Pre-Hospital Emergency Care as a Public Utility
Year:
1977


Title:
Financing Pre-Hospital Emergency Care: An Examination of the Alternatives
Year:
1977


Title:
A Model for Estimating Effective Demand for Hospital Services Using Patient Diagnoses
Year:
1976


Title:
A Capital Expenditure Evaluation Model for Health Planning Agencies
Year:
1976


Title:
On the Appropriate Discount Rate for Private Nonprofit Organizations
Year:
1976


Title:
Determining the Collectability of Emergency Ambulance Receivables: A First Stage Analysis
Year:
1976


Title:
The Case for Managing Pre-Hospital Emergency Services as a Competitively Bid,Privately Operated, Regulated Public Utility
Location:
Austin, TX,
Year:
1976


Title:
Toward a More Realistic Model of Common Stock Valuation: A Simultaneous Equation Approach
Year:
1975


Title:
A Goal Programming Approach to the Equitable Distribution of the Net Monetary Benefits of Credit Union Membership
Year:
1975


Title:
Simultaneous Equation Methodology in Finance: A Stock Valuation Example
Year:
1975


Title:
An Examination of the Biases in the distribution of the Net Monetary Benefits of Credit Union Membership Resulting from Regulation and Industry Operating Conventions
Organization:
Southwestern Finance Association
Year:
1975


Title:
Common Stock Valuations: A Macro-economic Approach
Organization:
Eastern Finance Association
Year:
1974


Title:
Credit Union Management: A Goal Programming Approach
Year:
1974


Title:
Commercial Bank Asset Portfolio Composition and Deposit Mix
Organization:
Eastern Finance Association
Year:
1973