Michael Walker

Headshot of Michael Walker

Michael Walker

Emeritus, Department of Finance, Real Estate, and Insurance and Risk Management

402 Carl H. Lindner Hall

513-556-7070

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

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

Director, PhD Program in Business Administration, College of Business, University of Cincinnati

Dates: 2006-01-01 - 2007-12-31

Academic Director for Program Management, College of Business, University of Cincinnati, 2005-2006

Dates: 2005-01-01 - 2006-12-31

Associate Dean for Program Management, College of Business Administration, University of Cincinnati, March

Dates: 2002-01-01 - 2005-12-31

Academic Director of Undergraduate Programs, College of Business Administration, University of Cincinnati

Dates: 1999-01-01 - 2002-12-31

Department of Finance, University of Cincinnati

Dates: 1985-01-01 - 1998-12-31

Chairman, Department of Finance, Insurance, Real Estate and Law, North Texas State University

Dates: 1978-01-01 - 1985-12-31

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.

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