Curriculum Vitae (Updated 6/30/21)
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Curriculum Vitae (Updated 6/30/21) Emery A. Trahan Northeastern University, D’Amore-McKim School of Business Dean’s Office—101 Hayden Hall, Boston, MA 02115 Phone: (617) 373-4568 E-mail: [email protected] Education Ph.D. Financial Economics University at Albany 1988 M.A. Financial Economics University at Albany 1987 B.S. Accounting S.U.N.Y. at Plattsburgh 1979 Dissertation Title: The Market for Corporate Control: Theories and Empirical Tests of Recent Acquisitions. Chairman: Professor Hany Shawky, Department of Finance, School of Business Administration, University at Albany. Professional Licenses Certified Public Accountant, State of New York Chartered Financial Analyst Employment Experience Northeastern University Interim Dean 2021- Northeastern University Senior Associate Dean of Faculty and Research 2014-2021 Northeastern University Interim Dean Summer 2017 Northeastern University Finance Group Chair 2010-2014 Northeastern University Donald F. Harding Professor of Finance 2008-2011 Northeastern University Professor 2005- Northeastern University Associate Professor 1995-2005 Northeastern University Assistant Professor/ 1993-1995 Joseph G. Riesman Research Professor University at Albany Visiting Associate Professor Spring 1993 Northeastern University Assistant Professor 1988-1992 University at Albany Lecturer 1985-1988 University at Albany Graduate Assistant 1983-1985 Ceramaseal, Inc. Controller (CFO) 1981-1983 Peat, Marwick, Mitchell & Co. Senior Accountant 1979-1981 1 Teaching Graduate: FINA 6208—Financial Management for Value Creation FINA 6201—Financial Theory and Policy—MSF (also offered in on-line MSF) FINA 6281—Mergers and Acquisitions for Technology Firms—High Tech MBA, EMC FINA 6216—Valuation and Value Creation (also offered in on-line MBA) FINA 6291—Creating Financial Value—Executive MBA FIN 3414—Management of Financial Resources—GSPA FIN 3761—Creating Financial Value—Reims, France MEC 3808—Managerial Economics I FIN 3811—Financial Management I CBA 3919—Financial Modeling—One-day elective INB 3914—Global Decision Making—MBA Case Competition CBA 3994—MBA Business Overview Course Undergraduate: FINA 3301—Corporate Finance FINA 4410—Valuation and Value Creation FIN 1438—Introduction to Finance FIN 4426—Financial Control—University College Executive Education (Non-Degree): Corporate Finance Level II CFA Exam Review for Boston Security Analyst Society, 2004, 2005, 2006, 2007. Mergers and Acquisitions, Northeastern University High-Tech program at The Mathworks 2002, 2003. Financial Statement Analysis Level II CFA Exam Review for Financial Analysts Review, 2002, 2003, 2004, 2005, 2006. Ethics Level I CFA Exam Review for Northeastern University, 2000, 2001 Equity Valuation and Financial Statement Analysis Level I CFA Review for Pass Pro Exam Preparation, 2000. Finance Exam Review for Association of Certified Turnaround Professionals for the Turnaround Management Association, 1994. Financial Analysis and Control, Office of Executive Education, Northeastern University, 1989. Teaching at S.U.N.Y. at Albany: FIN 301—Corporate Financial Policy and Strategy FIN 500—Financial Economics (MBA) ECO 350—Money, Banking, and Financial Markets ECO 100—Introduction to Macroeconomics 2 Independent Studies Supervised: 23. “Application of EVA Style Analysis to Stock Repurchases,” Bhakti Varma, 2017. 22. “Writing a Business Plan, undergraduate senior Paul Schulman, 2012. 21. “Preparing for Securities Exam, undergraduate senior Daniel Matson, 2012. 20. “Cyclicality in Biotech Returns,” MA Economics, Yi Zhang, 2010. 19. “Investment Management, undergraduate senior Jonathan Pi Lion, 2010. 18. “Valuation and Financial Strategy,” undergraduate senior Tanay Parekh, 2007. 17. “State Corporate Governance Laws and Premiums to Acquiring Firms,” MSF student Carlos Benitez, 2003. 16. “Real Options and Their Impact on the Value of Internet Companies,” undergraduate senior Andreas Resch, 2000. 15. “Capital Structure Decisions of Small and Large Growth Enterprises—A comparison,” undergraduate senior Julia Pracht, 2000. 14. “Valuing Internet Companies,” undergraduate honors senior Tarek El-Sherif, 2000. 13. “Valuation of Intel Corporation,” MSF Seminar project, Reinhard Rusli, 1997. 12. “An Analysis of the Stock Price Reaction to Executive Deaths,” MBA second year, Padmanabh Patel, 1997. 11. “A Test of SIC Classification Taxonomy,” MBA second year, Todd McSweeney and Chinni Sreenivas, 1996. 10. “Changes in Trading by Insiders During Mergers and Acquisitions,” MBA second year, Chinni Sreenivas, 1996. 9. “The Impact of Barron’s Recommendations on Stock Prices: Further Investigation of a Paper by Emery Trahan and Paul Bolster,” MBA second year, Todd McSweeney, 1996. 8. “The Impact of Layoffs on Firm Value,” MSF Seminar project, Jyothi Shanker and Malini Vaidya, 1995. 7. “An Empirical Study on the Impact of Capital Turnover and Operating Margin on the Return on Invested Capital,” undergraduate honors senior, Ping Zhou, 1995. 6. “The Relationship Between Mutual Fund Performance and Fund Size and Expense Characteristics as a Basis for Predicting Future Performance,” undergraduate honors senior, Laura Macedo, 1994. 3 5. “An Investigation of the Relationship of Mutual Fund Performance to Fund Size, Fees, and Charges and Services,” undergraduate honors senior, Peggy Law, 1994. Awarded the 1994 Gould Award, presented by DST Systems at the 1994 Investment Company Institute operations conference. 4. “Quantitative Methods in Finance: Preparation To Enter A Ph.D. Program,” MBA second year, Wayne Guay, 1993. 3. “Mutual Fund Performance in the 1980s,” undergraduate senior Brent Arvidson, 1992. Awarded the 1992 Gould Award, presented by DST Systems at the 1992 Investment Company Institute operations conference. 2. “Simulation Analysis as a Tool for Conducting Risk Analysis in Capital Investment Decision Analysis,” undergraduate senior, Elisabeth Lawrence, 1992. 1. “The Impact of Analysts’ Recommendations on Stock Prices,” MBA second year, Sudarshan Subrahmanyan, 1992. Teaching Cases Written: 5. “Trahan Risk and Return,” 2006 4. “Makes You Better,” 2003. 3. “Investo: A New Business Opportunity for Mutual Fund Services Corporation, 2000. 2. “Kick Butt Beer,” 1999, 2004. 1. “Carleton Realty Corporation,” 1999. Research and Scholarship Grants: 4. “The Scope and Success of Corporate Financial Planning Education Programs: Evidence from the Fortune 500.” Foundation for Financial Planning grant for conducting a research study, 2000. Funded for $23,000. 3. “A Proposal to Purchase Computer Software for the Capital Investment Decision Analysis Course.” Northeastern University College of Business Administration Teaching and Research Committee grant for course development, 1997. Funded for $1,000. 2. “A Proposal to Revise and Update Capital Investment Decision Analysis.” Northeastern University College of Business Administration Teaching Excellence Committee grant for new course development, 1992. Funded for $6,700. 1. “Bridging the Theory-Practice Gap in Corporate Finance: A Survey of Chief Financial Officers.” Northeastern University Research and Scholarship Development Fund research grant, 1992. Funded for $9,000. Books and Book Chapters: 4. Private Equity: Opportunities and Risk. Chapter, “Valuing Private Equity.” With Harlan Platt. Oxford University Press. Accepted July 2014. 4 3. Mergers and Acquisitions: A Strategic Valuation Approach, American Management Association: New York, 2000. 2. How to Develop the Strategic Plan, Third Edition, with William Crittenden, American Management Association: New York, 1995. 1. A Financial Approach to Mergers and Acquisitions, Third Edition, American Management Association: New York, 1991. Academically Refereed Journal Articles: 36. “Seeking Alpha from Dividend Announcements: Big-Data Insights from Joining CAR and EVA Style Analysis,” with Atreya Chakraborty, James Grant, and Bhakti Varma, Journal of Investing 30, 2021, in press. 35. “Seeking Alpha from Stock Splits,” with Atreya Chakraborty, James Grant, and Bhakti Varma, Journal of Investing 29, 2020, 77-91. 34. “Seeking Alpha from Share Repurchases,” with Atreya Chakraborty, James Grant, and Bhakti Varma, Journal of Investing 29, 2019, 61-79. 33. “When Should Investors Short the Stocks of Acquiring Firms? Big-Data Insights from Joining CAR and EVA Style Analysis,” with Atreya Chakraborty, James Grant, and Bhakti Varma, Journal of Investing, 28, 2019, 17-29. 32. “The EVA Style Approach to Tactical Asset Allocation,” with Atreya Chakraborty and James Grant, Journal of Wealth Management, 20, 2017, 41-53. 31. “Assessing Performance of Morningstar’s Star Rating System for Equity Investment,” with Paul Bolster and Pinshuo Wang, Journal of Economic and Financial Studies, 4, 2016, 11-22. 30. “Investing in Morningstar Recommendations: Price and Style Effects,” with Paul Bolster, Journal of Accounting and Finance, 13, 2013, 193-208. 29. “Virtual Financial Planners: Product, Market, and Challenges,” with Lawrence Gitman and Michael Trevino, Financial Services Review, 21, Summer 2012, 95-129. 28. “How Mad is Mad Money: Jim Cramer as a Stock Picker and Portfolio Manager,” with Paul Bolster and Anand Venkateswaran, Journal of Investing, 21, Summer 2012, 27-39. 27. “Labor-Friendly Corporate Practices: Is What is Good for Employees Good for Shareholders?” with Olubunmi Faleye, Journal of Business Ethics, 101, June 2011, 1-27. 26. “The Valuation Effects of Security Breaches,” with Paul Bolster and Coleen Pantalone, Journal of Business Valuation and Economic Loss Analysis, 5, 2010, 1- 11. 25.