Resume of Arun J. Prakash

Florida International University                                                                            Ph:       (305) 348-2680/81
College of Business Administration                                                                     Fax      (305) 385-3650
University Park, RB 202 B                                                                                  E-mail: prakasha@fiu.edu
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) and Journal 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.

Administrative

• Chairperson 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) Journal of 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’s Vintage Dividend 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 European Journal of Finance, June 2001
   

• **“Will a Risk-Averse Decision Maker Ever Really Prefer an Unfair Gamble? Sometimes He Will.” [Arun J. Prakash, Shahid Hamid, Chun-Hao Chang, and Michael W. Smyser], Decision Sciences, Vol. 29, No. 2, 1998, pp.521-524.  
   

•  “Spread, Variability of Spread and Total Risk of the Stock: The Relationship,” [Maria E. de Boyrie, Arun J. Prakash and Michael W. Smyser], The International Journal of Finance, Vol.10, No. 1, 1998, pp. 957-965.
   

• “Effect of Intervaling on Rate of Return Probability Distribution,” [Arun J. Prakash, Maria E. de Boyrie, Shahid Hamid, and Michael W. Smyser], The International Journal of Finance, Vol. 9, No. 4, 1997, pp. 820-833.
   

• “Transfer Pricing and Valuation of the Multinational Firm with Uncertain Cash Flows,” [Hasan Arin-Rad, A. M. Parhizgari and Arun J. Prakash], The International Journal of Finance, Vol. 9. No.2, 1997, pp. 625 - 634.
   

• “The Impact of US-Canada Free Trade Agreement on the Large and Small U.S. Firms in the Textile, Computer, Oil and Gas, and Auto Industries,” [Shahid Hamid, Roswell Mathis, and Arun J. Prakash, and Krishnan Dandapani], International Trade Journal, Volume XI, No. 2, Summer 1997, pp. 221 - 246.
   

• “Deposit Insurance, Capital Adequacy Requirements and Interest Rate Dynamics,” [Gordon V. Karels, J. Geppert and Arun J. Prakash], Journal of Business Finance and Accounting, Vol. 24 (9) & (10), October & December 1997, pp. 1311 - 1330.
   

• “Did Introduction of Stock Index Option Reduce the Benefits to Stocks from their Option Listing,” [Shahid Hamid, Arun J. Prakash, and Mohammad Robbani], The International Journal of Finance, Vol. 9, No.1, 1997, pp. 505 - 528.
   

• “Portfolio Selection and Skewness: Evidence from International Stock Markets,” [Pornchai Chunhachinda, Krishnan Dandapani, Shahid Hamid, and Arun J. Prakash], Journal of Banking and Finance, Vol. 21, 1997, pp. 143 - 167.
   

• ** “Why a Decision Maker May Prefer a Seemingly Unfair Gamble,” [Arun J. Prakash, Chun-Hao Chang, Shahid Hamid and Mike Smyser], Decision Sciences, Vol. 27, spring 1996, pp. 239 - 253.
   

• “A Simple Procedure to Amortize a Loan,” [Gordon V. Karels, Shahid Hamid, and Arun J. Prakash], Finance India, March 1996, pp. 99 - 102.

• ** “Marginal Risk Aversion and Preferences in a Betting Market,” [Shahid Hamid, Arun J. Prakash, and Michael W. Smyser], Applied Economics,      Vol. 28, 1996, pp. 371 -376.
   

•  "Weighted Average Cost of Capital:  Specification and Conceptual Review", [Krishnan Dandapani, Karen Duhala, Theresa E. Pactwa, and Arun J. Prakash], Finance India, June 1995, pp. 397 - 419.
   

• "The Market Model:  An Annoted Review", [Theresa E. Pactwa, Robert M. Bear, Krishnan Dandapani, and Arun J. Prakash], Finance India, March 1995, pp. 1-41.
   

• "Current Asset Policies of European Corporations:  A Critical Examination", [Chun-Hao Chang, Krishnan Dandapani, and Arun J. Prakash], Management International Review, Vol. 2, 1995, pp. 105 -117.
   

• "The Determinants of Potential Gain to the Underlying Stocks from Option Listing", [Shahid Hamid, Arun J. Prakash, Mohammad Robbani, and Krishnan Dandapani], International Journal of Finance, Vol. 7, No. 3, 1995, pp. 1268 - 1287.
   

• "Log-Normality and Arbitrage Free Bounds on the Distribution Range of Zero-Coupon Pure Discount Bond Returns", [Shahid Hamid, Arun J. Prakash, and Michael Smyser], Journal of Business Finance Accounting, Vol. 22, No. 6, Sept. 1995, pp. 769.                                                       
   

• "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.  
   

• "A Tax-Based Motive for the Underpricing of Initial Public Offerings", [Mary Ann Reside, Richard Robinson, Krishnan Dandapani ,and Arun J. Prakash], Managerial and Decision Economics, Vol. 15, August 1994, pp. 553 - 561.
   

•  "Efficacy of Portfolio Performance Measures:  An Evaluation", [Pornchai Chunhachinda, Krishnan Dandapani, Shahid Hamid, and Arun J. Prakash], Quarterly Journal of Business and Economics, Vol. 33, No. 4, Autumn 1994, pp. 74 - 87.
   

• "A Note On the Relationship Between Systematic Risk and Growth in Earnings" [Gary A. Anderson, Shahid Hamid, and Arun J. Prakash], Journal of Business Finance and Accounting, Vol. 21, No. 2, March 1994, pp. 293 - 297. .)
   

• "Margin Requirements and the Cost of Portfolio Insurance", [Krishnan Dandapani, Ali M. Parhizgari, Arun J. Prakash, and Mohammed G.  Robbani], The International Journal of Finance, Vol. 6, No. 1, Autumn 1993, pp. 653 - 672.
   

• "A Suggested Simple Procedure to Obtain BLUE Estimator of Global Beta", [Arun J. Prakash, Mary Ann Reside, and Michael Smyser], Journal of Business Finance and Accounting, Vol. 20, No. 5, September 1993, pp. 755 - 760.
   

• "Arbitrage Pricing Theory and Investment Horizon" [Krishnan Dandapani, All M. Parhizgari, and Arun J. Prakash], Journal of Business Finance and Accounting, Vol. 20, No. 1, January 1993, pp. 27 - 40.
   

• "An Empirical Examination of the Long-Term Impact on Option Trading on the Risk, Return and Volume of Common Stocks" [Shahid S. Hamid, Arun J. Prakash, and Mohammad G. Robbani], Journal of the Midwest Finance Association, 1992, pp. 134 - 142.
   

• "Personal Taxes and Underpricing of Initial Public Offerings", [Krishnan Dandapani, Rafiq Dossani, Arun J. Prakash, and Mary Ann Reside], Managerial and Decision Economics, Vol. 13, No. 4, August 1992, pp. 279 - 286.
   

• "The Cost of Dealer Services in the U.S. Bond Market", [Gordon V. Karels, Arun J. Prakash, and Michael W. Smyser], Journal of Business Finance and Accounting, Vol. 18, No. 4, Summer 1991, pp. 483 - 496
   

• "A Note on the Simple Resource Allocation Rules: The Case of Arithmetic Growth", [Gary A. Anderson and Arun J. Prakash], Journal of Business Finance and Accounting, Vol. 17, No. 5, winter 1990, pp. 759 - 762.
   

• "The Relationship Between Bank Capital Adequacy Ratio and Market Measures of Risk", [Gordon V. Karels, Arun J. Prakash, and Emmanuel Roussakis], Journal of Business Finance and Accounting, Vol. 16, No. 5, Fall 1989, pp. 663 - 674.
   

• “Tests of Equality of the Dispersion Matrices", [Ali M. Parhizgari and Arun J. Prakash], The Journal of Royal Statistical Society, (Series C, Applied Statistics), Summer, 1989, pp. 553 - 564.  
   

• "Loan Pricing and Loan Yields on Commercial Lines of Credit", [Gordon V. Karels and Arun J. Prakash], Review of Research in Banking and Finance, Spring 1989, pp. 29 - 40
   

• "A General Proof of Merton's Analytic Derivation of the Efficient Portfolio frontier", [Gerald LaCava, Ali M. Parhizgari and Arun J. Prakash], Quarterly Journal of Business and Economics, Vol. 28, No. 3, Autumn 1989, pp. 67 -77
   

• "Effect of Listing on the Parameters of Linear and Quadratic Characteristic Line Models", [Ali M. Parhizgari, Gerald W. Perritt, and Arun J. Prakash], Journal of Business Finance and Accounting, Vol. 16, No. 3, Summer 1989, pp. 335 - 342.
   

• "Deposit Insurance, Risk, and Capital Adequacy", [Gordon V. Karels and Arun J. Prakash], Office of Policy and Economic Research, Federal Home Loan Bank Board, Research Paper #148, July 1988 (refereed and selected by OPER)
   

• "Simple Resource Allocation Rules", [Krishnan Dandapani, Gordon V. Karels, and Arun J. Prakash], Journal of Business Finance and Accounting. Vol. 15, No. 3, July 1988, pp. 447 - 452.
   

• "Multivariate Normality and Forecasting of Business Bankruptcy", [Gordon V. Karels and Arun J. Prakash], Journal of Business Finance and Accounting, Vol. 14, No. 4, Winter 1987, pp. 573 - 594. (P)
   

• "A Comprehensive Treatment of Mortgage Mathematics", [Gordon V. Karels and Arun J. Prakash], The Real Estate Appraiser and Analyst Journal, Fall 1986, (Q), pp. 41 - 55. (P)
   

• "A Simplifying Performance Measure Recognizing Skewness", [Robert M. Bear and Arun J. Prakash], The Financial Review, Vol. 21, No. 1, February 1986, pp. 135 - 144. (P)
   

• "Short Term Models of Forecasting Levels of Foreign Exchange Reserves with special Reference to Venezuela", [Robert M. Bear, Arun J. Prakash, William W. Welch, and Stephen Wynn], Review of Research in Banking and Finance, Vol. I, fall 1985, pp. 27 - 41. (Q)
   

• "Abnormal Returns to Option Spreading: Some Preliminary Evidence", [Arun J. Prakash and William W. Welch], Mid-South Journal of Economics, December 1981, pp. 109 - 117.  (Q)
   

C.     Papers Published in Proceedings

•  "A Suggested Procedure to Peg the Currency of Underdeveloped Countries", [Simon J. Pak and Arun J. Prakash], Proceedings of the Business Association of Latin American Studies, 1985.
   

• "A Forecasting Model of Currency Reserves for Latin American Countries" , [Robert M. Bear, Arun J. Prakash and William W. Welch], Proceedings of the Rocky Mountain Council and Latin American Studies, 1985. PP 221-234.
   

• “Tests of Stability of Parameters in Multiple Regression Models:  Some Extensions”, [Arun J. Prakash and James E. Reinmuth], Proceedings of the American Institute for Decision Sciences, San Francisco Meetings, 1983.
   

• "Some Quantitative Approaches to Cost Estimation in an Uni- or Multi-product firms", [Gauri L. Ghai, Chris Luneski, and Arun J. Prakash], Proceedings of the American Accounting Association Regional Meetings, April 1979.
   

• "On the Quality of Analysts’ Forecasts of Accounting Earnings for Newly Listed NYSE Firms”, [Paul Frisk off and Arun J. Prakash], Proceedings of the Northeast American Institute for Decision Sciences, 1977.
   

• "The Stability of the Determinants of the Changes in the Business Inventory Investment:  An Empirical Investigation", [Arun J. Prakash and James E. Reinmuth], Proceedings of the Western American Institute for Decision Sciences Meetings, 1977. PP 282-286.
   

• "Towards a Viable Approximation of an Indicator of Wealth", [Arun J. Prakash and Frank A. Sortino], Proceedings of the American Institute for Decision Sciences Meetings, 1976. PP 281.
   

• "Stock Exchange Listing and its Effect on the Pricing of Dealer's services", [Arun J. Prakash and Frank A. Sortino], Proceedings of the American Institute for Decision Sciences Meetings, 1976. PP 484-486.

D.     Non-Refereed Publications

•  "Determination of the optimum Number of Evaluators to be Employed to Evaluate An Innovation Proposal", [Arun J. Prakash and Jerry Udell], Published as a Chapter in Readings in Innovation, University of Oregon, Eugene, Oregon, 1980. PP 104-127.
   

• "Determinants of Criminal Apprehension in Miami:  An Empirical Investigation", [Gordon V. Karels and Arun J. Prakash], Published as Discussion Paper No. 15 by the Department of Economics, Florida International University, 1983.
   

• "The Status and Opportunities of Small Business in Foreign Trade in SBA Region IV", [Gerald W. Perritt and Arun J. Prakash], Published as a chapter in White House Monographs on Economic Research in Small Business, U.S. Department of Commerce, 1980.

  E.    Chapters in Books

•  "Suggested Procedure To Estimate Beta for Delisted Stocks Which Resume trading", ( Arun J.Prakash, Gauri L. Ghai, Suchismita Mishra and Gordon V. Karels), Regional Financial Markets: Issues and Policies, Green Wood Press, Westport, Connecticut, USA, forthcoming ( Not be used for this year,s evaluation)
   

• “Selecting a Portfolio with Skewness:  Recent Evidence from Latin American Equity Markets” [Arun J. Prakash, T. E. Pactwa, C-H Chang and Mike Sullivan], In the Global Financial Markets at the Turn of the Century.  (Edited by Ilhan Meric and Gulser Meric) Elsevier, 2001
   

• “Portfolio Performance Measures:  A Brief Survey and Hypothesis Testing”, [Arun J. Prakash, Therese Pactwa, Gauri Ghai], Published in the book. Decision Making: Recent Developments and Worldwide Applications”, Edited by Steve Zanakis et.el. Published by Kluwer Academic. 2001
   

• “On the Estimation of Global Beta,” [Gauri Ghai, Maria E. de Boyrie, and A. J. Prakash], In The Global Structure of Financial Markets, Rutgers Press, England, 1997.  (Edited by D.K. Ghosh and Edgar rtiz) PP 31-35.
   

• “Immunizing Currency Risk in International Trade and Finance: The Development of a SDR Futures Market,” [Krishnan Dandapani, A. J. Prakash, and Karen Duhala], In The Global Structure of Financial Markets, Rutgers Press, England, 1997. (Edited by D.K. Ghosh and Edgar rtiz) PP 201-214.
   

• "Black Monday:  What Burst the Bubble?", [Krishnan Dandapani, All M. Parhizgari, and Arun J. Prakash], Managerial Finance in Corporate Economy:  Theory and Evidence, Routledge London and New York, 1995.(Editors: D.K. Ghosh and Edger Ortiz), PP 119-134.
   

• "Offshore Banking Centers:  Prospects and Issues", [Krishnan Dandapani, Arun J. Prakash, and Emmanuel Roussakis], Published in The Changing Environment of International Financial Markets, Issues and Analysis, New York:  Macmillan Press,  1994 (Editors:  D.K. Ghosh and E. Ortiz), PP 313-338.
   

• "A Strong Case of Arrow-Pratt Risk Aversion Measure", [Rafiq Dossani, Arun J. Prakash, Shahid Hamid, and Michael Smyser], Published in the New Advances in Financial Economics, Elsevier England Ltd (Editors:  D.K. Ghosh and D. Sharp), PP 87-96.

F.    Cases

•  "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.
   

•  "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), PP25-31.

G.      Presentations in Professional Meetings

•  "An Empirical Application of Using Extreme Value Theory to Measure Stock Market Returns”, (Therese Pactwa, Arun J Prakash), to be presented at Financial Management Association Conference, Chicago, October 2005
   

• “Debt and Equity Valuation of IT companies: a Real Option Approach”, (Brice Dupoyet , Chung Baek, Arun Prakash), to be presented at Financial Management Association Conference, Chicago, October 2005
   

• “Robustness of Fama French Three factor Model”, (Edward R. Lawrence, Suchismita Mishra and Arun J Prakash), Eastern Financial Association, April 21, 2005
   

• “Debt and Equity Valuation of IT companies: A Real Option Approach", (Chung Baek, Brice DuPoyet, Arun J Prakash), Eastern Financial Association, April 21, 2005
   

• “Teaching Finance the Old Fashioned Way:  Back to the Past.”, (Arun J. Prakash), Southern Finance Association Annual Meeting in Naples, FL in November 2004
   

• “US Stock Market Crashes: A Study of the Causal Effects using Extreme Value Theory,” (Arun J. Prakash and Therese Pactwa), The Inaugural International Conference On Business, Banking And Finance, Trinidad, April 2004
   

• “Return Generating Models and Event Studies: Some Thoughts on a priori Results,” (Suchismita Mishra and Arun Prakash), The Inaugural International Conference On Business, Banking And Finance, Trinidad, April 2004
   

• “A Simple Procedure of Portfolio Allocation in Present Systematic Positive Skewness,” (Arun J. Prakash, Joel Barber and Chun Hao Chang), The Inaugural International Conference On Business, Banking And Finance, Trinidad, April 2004
   

• “An Empirical Examination of the Systematic Risk of Multiple Listed Common Stocks,” (Arun J. Prakash, You Leyuan and Chun Hao Chang), The Inaugural International Conference On Business, Banking And Finance, Trinidad, April 2004
   

• “Using Extreme Value Theory to Value Stock Market Returns,” (Arun J. Prakash and Therese Pactwa), The Inaugural International Conference On Business, Banking And Finance, Trinidad, April 2004
   

• “The Break Even Frontier for Early Withdrawal from a Tax Deferred Annuity”, (Michael W. Smyser, Arun J. Prakash), Academy of Financial Services meeting, September 2003
   

• “Sale of Monopoly Information and the Behavior of the Rivaling Clients: A Theoretical Perspective” Chun-Hao Chang, Arun J. Prakash, Shu Yeh, Southwestern Finance Association, March 7, 2002
   

• “New Advances in Hedging Foreign Exchange Exposure” (Ali Parhizgari, Arun J Prakash and Terese Pactwa), Presented at Southern Finance Association Meetings November 2001, Destin, Florida
   

• “Does EVA Impact Financial Ratios:  An Empirical Investigation” (Arun J. Prakash, Chun-Hao Chang, Lewis Davidson and Chih-Chen Lee), presented at the Southwestern Finance association Meeting at St. Louis, March 2002.
   

• “The Impact of Adaptation of EVA on the Risk Characteristics of the Firms” (Arun J. Prakash, Chun Hao Chang, Lewis Davidson and Chih-Chen Lee) presented at the Southwestern Finance association Meeting at St. Louis, March 2002.
   

• “Sale of Monopoly Information and the Behavior of the Rivaling Clients: A Theoretical Perspective” (Chun-Hao Chang, Arun J. Prakash and Shu Yeh) presented at the Southwestern Economic association Meeting at St. Louis, March 2002.
   

• “A Survey of Specification and Non-Specification Error Tests in Multiple Linear Regression Models” (Chun-Hao Chang, Arun J. Prakash and Mike Smyser) presented at the Southeastern Decision Sciences Institute Meeting at St. Louis, March 2002.
   

• “Tests of Stability of Parameters in Multiple Linear Regression Models: An updated Survey and Extensions” (Chun Hao Chang, Arun J. Prakash and Mike Smyser) presented at the Southeastern Decision Sciences Institute Meeting at St. Louis, March 2002.
   

• "Firm-Specific Risk and Bid-Ask Spread: An Evaluation of Insider Trading Profitability”,[ Suchismita Mishra, Arun J Prakash and George McCabe}, presented at the Midwest Finance Association Meetings, March, 2002
   

• “Estimation of Market Risk for Multiple listed Common Stocks under Auto correlated Error Regimes” [Maria DeBoyrie, Gauri Ghai, Shahid Hamid and Arun Prakash], presented at the Global Association of Risk Professionals Meetings,  London, June 2000    
   

• “Portfolio Selection under Skewness Preference: The Evidence from a Few World Capital Markets” [Arun J Prakash, Terry Pactwa, Chun-Hao Chang and Mike Sullivan] Presented at the 8^th Global Finance Association Meetings in Los Angeles. California, April 2001.

• "Selecting Investors Preferences and Perceived Problems In Electronic Trade of Securities: A Survey Analysis" (with Sirpal), presented at the 8^th Global Finance Association Meetings in Los Angeles. California, April 2001.
   

• “Player Choices, Pay off Distribution and Design of Lotteries” [Michael W. Smyser, Maria E. de Boyrie and Arun J. Prakash], Presented at 1^st International Conference on Banking and Finance, Kuala Lumpar, Malaysia, 2000.
   

• “Risk Diversification As a Motive for Bank Merger” [Gordon V. Karels, Suchismita Mishra, Manferd Peterson and Arun J. Prakash], Presented at 1^st International Conference on Banking and Finance, Kuala Lumpar, Malaysia, 2000.
   

• “Estimators of Market and Quadratic Characteristic Lines Models Parameters in Case of Trading Suspension” [Gauri Ghai, Gordon V. Karels, Arun J. Prakash and Suchismita Mishra], Presented at 1^st International Conference on Banking and Finance, Kuala Lumpar, Malaysia, 2000.
   

• “The Test of the Stability of the Parameters of the Characteristic Line Model for Latin American Countries”, [Maria E. de Boyrie, Raul Moncarz and Arun J. Prakash], Presented at the International Trade and Finance Meetings, Montpellier, France, 2000.
   

• “Is CAPM Applicable to the Latin American Capital Markets?”, [Maria E. de Boyrie, Raul Moncarz and Arun J. Prakash], Presented at the International Trace and Finance Meetings, Montpellier, France, 2000.
   

• “Skewness and Portfolio Selection:  An Investigation of US and European Equity Markets”, [Chun-Hao Chang, Arun J. Prakash, Michael J. Sullivan], Fifth International Decision Sciences Institute Meetings, Athens, Greece 1999.
   

• “Portfolio Performance Measures:  A Brief Survey and Hypothesis Testing”, [Arun J. Prakash, Therese Pactwa, Gauri Ghai], Fifth International Decision Sciences Institute Meetings, Athens, Greece, 1999.
   

• “Estimation of Global Systematic Risk for Securities Listed in Multiple Markets:  Theoretical Development and Empirical Comparisons”, Maria E. de Boyrie, Gauri Ghai, Shahid S. Hamid, Arun J. Prakash], Fifth International Decision Sciences Institute Meetings, Athens, Greece, 1999.
   

• “Estimation of Systematic Risk for the Stocks Listed in Multiple Markets:  The Auto correlated Residual Case”, [Gauri L. Ghai, Maria E. de Boyrie, Shahid Hamid, Arun J. Prakash], The Royal Statistical Society Meetings, Warwick, UK 1999.
   

• “Bank Performance and Efficiency:  A Comparison of Minority Owned and NonMinority Owned Banks”, [Gordon V. Karels, Melissa C. Griswold and Arun J. Prakash], Presented at the Financial Association Meetings, Orlando, 1998.
   

• “Seasonal Variation in Convenience Yield and the Relationship to Planned Storage Time”, [Michael Smyser, Chun-Hao Chang, and Arun J. Prakash], Presented at the National Central University in Taiwan, May 15-16, 1998.
   

• “An Investigation of the Impact of NAFTA on Selected National Equity Markets and on U.S. and Canadian Industries”, [Krishnan Dandapani, Shahid Hamid, Roswell Mathis, Arun J. Prakash], Global Finance Association Meeting, Mexico City, 1998.
   

• “Estimation of Global Systematic Risk for Securities Listed in Multiple Markets:  Theoretical Development and Empirical Consideration”, ”, [Maria de Boyrie, Gauri L. Ghai, Shahid Hamid, Arun J. Prakash], Presented at the FMA Financial Management  Association Annual Meetings, Chicago, October 1998.
   

• “An Empirical Examination of the Systematic Risk of Stocks Listed in Multiple Markets”, [Maria de Boyrie, Gauri L. Ghai, Shahid Hamid, Arun J. Prakash], International Trade and Finance Association Meeting, Atlantic City, 1998
   

• “Breaking Even Under Penalty for Early Withdrawals from Tax Deferred Annuities,” [Arun J. Prakash, Michael W. Smyser and Shahid Hamid], Academy of Financial Services Annual Meetings, Honolulu, Hawaii, 1997.
   

•  “The Impact of Deregulation of Multiple Options Trading on the Underlying Stocks,” [Mohammad Robbani, Shahid Hamid and Arun J. Prakash], Academy of Financial Services Annual Meetings, Honolulu, Hawaii, 1997.
   

• “The Distribution of Potential Gains from Free Trade on Financial Services,” [Shahid Hamid, Roswell Mathis, Arun J. Prakash and Dev Prasad], Financial Management Association Meetings, Honolulu, Hawaii, 1997.
   

• “A Financial Model for Catastrophes: Impact on Insurance Firms,” [Krishnan Danadapani, Shahid Hamid, and Arun J. Prakash], International Trade and Finance Association Meetings, Lisbon, Portugal, May 1997. (International)
   

• “Distribution of Potential Gains from Free Trade in Financial Services: Evidence from Custa and Nafta,” [Shahid Hamid, R. Mathis, and A. Prakash], International Trade and Finance Association Meetings, Lisbon, Portugal, May 1997. (International)
   

• “Portfolio Selection Recognizing Higher Moments: Evidence from International Stock Markets,” [Pornchai Chunhachinda, K. Dandapani, S. Hamid, and A. J. Prakash], Annual Financial Management Association Meetings, New Orleans, Louisiana, October 1996.
   

• “Mortgage Valuation Under Fixed and Graduated Payment Mortgages: Some Basic Properties,” [Arun J. Prakash, Simon Segal, George Simmons], Annual Meeting of the Midwest Finance Association Meetings, Chicago, Illinois, March 1996.
   

• “An Investigation of the Impact of NAFTA on the National Equity Markets and U.S. and Canadian Industries,” [K. Dandapani, S. Hamid, and R. Mathis, A. Prakash], International Trade and Finance Association Meetings, Costa Rica, May 1995. (International)
   

• “On Estimation of Global Beta” [Arun J. Prakash], International Trade and Finance Association Meetings, Readings, July 1994. (International)
   

• “The Consequences of the Introduction of Stock Index Option for the Return, Volatility, and Trading Volume of Optioned and Unoptioned Stocks,” [S. Hamid, A. Prakash, and M. Robbani], Financial Management Association Meetings, New York, October 1995.
   

• “Optimal Bookmaker Pricing and the Efficiency of the Baseball Betting Market,” [A. Prakash and M. Smyser], Financial Management Association Meeting, New York, October 1995.
   

• “Deposit Insurance, Capital Adequacy Requirements, and Interest Rate Dynamics,” [J. Geppart, G. Karels and A. Prakash], Financial Management Association Meetings, New York, October 1995.
   

• “Agency Theory and the Intertemporal Dynamics of Debt and Liquid Assets,” [K. Dandapani, S. Hamid, and A. Prakash], Financial Management Association Meetings, St. Louis, Missouri, October 1994.
   

• “Current Asset Policies of European and Asian Corporations: A Critical Examination”, [C. Chang, K. Dandapani, and Arun J. Prakash], Euro-Asia Management Association Meetings.  Nuremberg, 1993. (International)
   

• “Immunizing Currency Risk in International Trade and Finance,” [K. Dandapani, K. Duhala, and A. Prakash], International Trade and Finance Association, Reading England, July 1994. (International)
   

• “Agency Theory and the Intertemporal Dynamics of Debt and Liquid Assets,” [K. Dandapani, S. Hamid, and A. Prakash], Financial Management Association, St. Louis, Missouri, October 1994.
   

• “Foreign Exchange Issues in a Global Economy,” [C. Chang, K. Dandapani, and A. Prakash], Euro-Asia Management Association Meetings, Nuremberg, 1994.
   

• "The Determinants of Financial Policies of Corporations Under Imperfect Capital Markets and Managerial Objectives" [Shahid Hamid and Arun J. Prakash] Annual Meetings of the American Economics Association, Anaheim, California, 1993.
   

• "A Theoretical and Empirical Investigation of a Managerial Model of Dividends and Debt", [Shahid Hamid and Arun J. Prakash], Presented at the European Finance Association Meetings, Copenhagen, August 1993.
   

• “Log-Normality and Arbitrage Free Bounds on the Distribution Range of Zero-Coupon Pure Discount Bond Returns", [Arun J. Prakash and Michael Smyser], Annual Meetings of the Financial Management Association, San Francisco, 1992.
   

• "Modeling the Cost of Portfolio Insurance:  Analytical and Simulation Approaches", [Krishnan Dandapani, Ali M. Parhizgari, Arun J. Prakash and Mohammad Robbani], Financial Management Association Meetings, October 1991.
   

• "An Empirical Examination of the Impact of Option Listing on the Risk and Return of Common Stocks", [Shahid Hamid, Arun J. Prakash and Mohammad Robbani], Midwest Finance Association Annual Meetings, April 1991.
   

• "The Pari-Mutual Market and Bettors' Attitudes Toward Risk", [Arun J. Prakash and Michael W. Smyser], Eight International Conference on Risk and Gambling, London, England, 1990.
   

• “Deposit Insurance Premium Changes and Risk Taking Activities by Commercial Bank", [Gordon V. Karels and Arun J. Prakash], Southwest Finance Association Meetings, Dallas, 1990.
   

• "An Utility-Theoretic Evaluation of Equilibrating Security Margins", [Krishnan Dandapani and Arun J. Prakash], Decision Sciences Institute Annual Meetings, New Orleans, November 1989.
   

• "Hedging Foreign Exchange Exposure: A Synthesis", [Ali M. Parhizgari Arun J. Prakash, and Mary Ann Reside], Academy of International Business Meetings, Singapore, November 1989.
   

• "The Size and Risk Adjusted Returns in Banking", [Gordon V. Karels and Arun J. Prakash], Financial Management Association Meetings, Boston, 1989.
   

• "On the Estimation of Convenience Yield and the Relationship to Planned Storage Time", [Arun J. Prakash and Michael Smyser], Financial Management Association Meetings, New Orleans, 1988.
   

• "The Black Monday: What did Ring the Bell?", [Krishnan Dandapani, Ali M. Parhizgari, and Arun J. Prakash], Southern Finance Association Meetings, San Antonio, 1988.
   

• "The Cost of Dealer's Services in U.S. Bond Markets", [Gordon V. Karels, Arun J. Prakash, and Michael Smyser], Financial Management Association Meetings, New Orleans, 1988.
   

• "Arbitrage Pricing Theory and Investment Horizon", [Krishnan Dandapani, Ali M. Parhizgari, and Arun J. Prakash], Southwestern Finance Association Meetings, San Antonio, 1988.
   

• "Banks' Optimal Capital Adequacy", [Gordon V. Karels and Arun J. Prakash], Southwestern Finance Association Meetings, San Antonio, 1988.
   

• "Deposit Insurance, Risk and Capital Adequacy", [Gordon V. Karels and Arun J. Prakash], Financial Management Association Meetings, 1987.
   

• "Allocation of Funds in Multivariate Stable Market", [Arun J. Prakash], Southwestern Finance Association Meetings, Houston, 1987.  (This paper extends our earlier work that was presented at Western Finance Association Hawaii Meetings).
   

• "The Effect of Listing on the Risk Components of Common Stock", [Ali M. Parhizgari and Arun J. Prakash], Southwestern Finance Association Meetings, Houston, 1987.
   

• "Listing and Marketability Costs: An Empirical Examination", [Robert M. Bear and Arun J. Prakash], Eastern Finance Association Meetings, 1987.
   

• "Personal Taxes and the Underpricing of Unseasoned Equity Issues", [Krishnan Dandapani, Rafiq Dossani, and Arun J. Prakash], Financial Management Association Meetings, October 1986.
   

• "Taxes, Inflation and Measures of Duration", [Ali M. Parhizgari and Arun J. Prakash], Eastern Finance Association Meetings, 1987.
   

• "Intertemporal Change and Forecast Adjustment in Beta", [Ali M. Parhizgari and Arun J. Prakash], Eastern finance Association Meetings, 1987.
   

• "Performance Evaluation Using Three Moment CAPM", [Simon J. Pak and Arun J. Prakash], Eastern Finance Association Meetings, Nashville, 1986.
   

• "Simple Resource Allocation Procedures in Public Sector Firms", [Krishnan Dandapani and Arun J. Prakash], ASSA Meetings, 1985.
   

• "Transfer Pricing and Market Value Maximization of Multinational Enterprise:  A Theoretical Perspective", [Robert M. Bear and Arun J. Prakash], International Atlantic Economic Conference, Rome, March 1985.
   

• "Special Drawing Rights Volatility: Implication for International Monetary Systems", [Krishnan Dandapani and Arun J. Prakash], Annual ASSA Meetings, Dallas, 1984.
   

• "Failed Firm Prediction: A Problem Revisited", [Gordon V. Karels and Arun J. Prakash], Eastern Finance Association Meetings.  Abstract appeared in the Proceedings of Nineteenth Annual Meetings of EFA, 1983.
   

• "Capital Adequacy Ratios and Market Measures of Risk: Theoretical Relationships and Empirical Verifications", [Gordon V. Karels, Arun J. Prakash, and Emmanuel Roussakis ], Eastern Finance Association Meetings. 1983.  Abstract appeared in the Proceedings of the Nineteenth Annual Meeting of EFA, 1983.
   

• "Cross Hedging as a potential Substitute for a Forward Market in Latin American Countries", [Arun J. Prakash and William W. Welch], Financial Management Association Meetings, San Francisco, 1982.
   

• "Abnormal Returns to Option Spreading: Some Additional Evidence", [Arun J. Prakash and William W. Welch], Eastern Finance Association Meetings, 1981.  Abstract appeared in the proceedings.
   

• "Allocating Funds When Returns are Multivariate Stably Distributed", [Gerald LaCava and Arun J. Prakash], Western Finance Association Meetings, Hawaii, 1978.
   

• "Explaining the Behavior of Financial Intermediaries: A Theoretical Approach", [Ramesh C. Gupta and Arun J. Prakash], European Finance Association Conference at the University of Bergamo, Bergamo, Italy, 1978.

H.    Book Reviews in Journals

•  Ken Follet's book On the Wings of the Eagles.  In the Capsule Commentaries section of The Accounting Review, July 1984.
   

• Gabriel A. Hawawini's book Bond Duration and Immunization.  In the Capsule Commentaries section of The Accounting Review, October 1985.

 I.    Books and Research Monographs

       Published or Contract Signed 

• Financial, Commercial and Mortgager Mathematics and Their Applications, Arun J. Prakash, Dilip K. Ghosh, Raymond F. Fernandez, and Gordon V. Karels, April 1987, (seven re-prints) contract signed for Second Edition with Greenwood Publishers.
   

• The Return Generating Models in Global Finance  (Elsevier Science Ltd. Oxford, 1999) [Robert Bear, K. Dandapani, Gauri Ghai, Theresa Pactwa, and Ali M. Parhizagiri]

 J.    Doctoral Dissertations and Master’s Thesis Supervised

•  See Teaching Section.

K.    Summer Research Projects of Doctoral Students Supervised

 Every student in the Ph.D. Program in Business Administration is required to undertake a summer research project usually guided by a professor on an exgratis basis.  After finishing the project, the student is required to present his/her paper in front of the College of Business Administration Ph.D. Policy Committee.  Only after successful completion of the summer research project, the student is allowed to proceed further such as taking the comprehensive examination, etc.  Since the introduction of the Ph.D. Program, I have guided or co guided five research projects.  They are

 1.      “Pari-Mutual Market and Bettor’s Attitude Toward Risk”, Michael Smyser, 1988.

 2.      “Personal Taxes and the Underpricing of Initial Public Offerings”, [Coadvisor:  Krishnan Dandapani], Mary Ann Reside, 1988.

 3.      “A Study of Some Basic Properties of Mortgage Valuation Under Fixed and Graduated Payment Mortgage, Simon Segal, 1989.

 4.      Efficacy of Portfolio Performance Measures:  An Evaluation”, [Coadvisors:  Krishnan Dandapani and Shahid Hamid], Pornchai Chunhachinda,1990.  

 5.      “Performance Measures Hypothesis Testing”, [Coadvisor:  Krishnan Dandapani], Gauri L. Ghai, 1992.