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