KELLY R. BRUNARSKI Associate Professor Department of Finance ...
KELLY R. BRUNARSKI Associate Professor Department of Finance ...
KELLY R. BRUNARSKI Associate Professor Department of Finance ...
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<strong>KELLY</strong> R. <strong>BRUNARSKI</strong><br />
<strong>Associate</strong> <strong>Pr<strong>of</strong>essor</strong><br />
<strong>Department</strong> <strong>of</strong> <strong>Finance</strong><br />
brunarkr@muohio.edu<br />
Miami University<br />
Richard T. Farmer School <strong>of</strong> Business<br />
6249 Fay Ct.<br />
120 Upham Hall Loveland, OH 45140-8119<br />
Oxford, Ohio 45056-1560 (513) 677-2750<br />
(513) 529-1564<br />
EDUCATION<br />
The Ohio State University, Columbus, OH Ph.D. 1992<br />
Major: <strong>Finance</strong> Minor: Economics<br />
Dissertation Title: Antitakeover Amendments, Firm Performance and Compensation Policies.<br />
Dissertation Chair: Dr. René Stulz<br />
The Ohio State University, Columbus, OH M.A. 1991<br />
Major: <strong>Finance</strong><br />
Baldwin-Wallace College, Berea, OH B.A. 1985<br />
Major: Business Administration with a concentration in <strong>Finance</strong><br />
Graduated summa cum laude<br />
EXPERIENCE<br />
<strong>Associate</strong> <strong>Pr<strong>of</strong>essor</strong><br />
Richard T. Farmer School <strong>of</strong> Business<br />
Miami University<br />
Courses: Financial Policies <strong>of</strong> Corporations (Case Studies),<br />
Intermediate Corporate <strong>Finance</strong>, Commercial Bank Management<br />
(1999-present)<br />
Visiting Assistant <strong>Pr<strong>of</strong>essor</strong> (1997-1999)<br />
Fisher College <strong>of</strong> Business<br />
The Ohio State University<br />
Course: Intermediate Corporate <strong>Finance</strong><br />
Assistant <strong>Pr<strong>of</strong>essor</strong> (1991-1997)<br />
University <strong>of</strong> Cincinnati<br />
Courses: Financial Markets, Bank Management (Undergraduate,<br />
MBA and Ph.D. levels), Personal <strong>Finance</strong>, Financial Institutions<br />
Research Assistant (1990-1991)<br />
Drs. Paul Schultz and Ralph A. Walkling<br />
The Ohio State University
Teaching Assistant (1985-1991)<br />
The Ohio State University<br />
Courses: Personal Investments, Business <strong>Finance</strong>, and<br />
Intermediate Corporate <strong>Finance</strong><br />
Budget Analyst (1986)<br />
The Federal Reserve Bank <strong>of</strong> Cleveland<br />
Responsibilities:<br />
Conducted financial analysis for the acquisition <strong>of</strong> computer equipment,<br />
planned and monitored the budget for the Fourth District, developed<br />
spreadsheet programs for the Budget <strong>Department</strong>.<br />
REFEREED PUBLICATIONS<br />
My papers have been cited forty-eight times.<br />
“The Importance <strong>of</strong> Board Quality in the Event <strong>of</strong> a CEO Death" with Kenneth A. Borokhovich,<br />
Maura S. Donahue and Yvette S. Harman, The Financial Review, forthcoming,<br />
“Dividends, Corporate Monitors and Agency Costs” with Kenneth A. Borokhovich, James B.<br />
Kehr and Yvette S. Harman, The Financial Review, February 2005. pp. 37-66.<br />
"Board Composition and Corporate Investment in Interest Rate Derivatives" with Kenneth A.<br />
Borokhovich, Claire Crutchley, and Betty J. Simkins, Journal <strong>of</strong> Financial Research,<br />
Vol. 27 (No. 2, Summer), 2004, 199-216.<br />
“Agency Costs and the Decision to Pay Regular or Special Dividends” with James B. Kehr and<br />
Yvette S. Harman, Corporate Ownership and Control, March, 2004, 44-60.<br />
“Executive Compensation, Entrenchment, and the Stock Price Reaction to CEO Deaths" with<br />
Maura S. Skill and Kenneth A. Borokhovich, Corporate <strong>Finance</strong> Review, January 2004,<br />
pp 5-22.<br />
"The Institutional and Geographic Distribution <strong>of</strong> Authorship in <strong>Finance</strong> Research" with<br />
Kenneth A.Borokhovich Robert J. Bricker, and Betty J. Simkins, Financial Practice and<br />
Education, Spring/Summer 1998 pp. 41-50.<br />
"<strong>Finance</strong> Research Productivity Measures by Area" with Kenneth A. Borokhovich, Robert J.<br />
Bricker, and Betty J. Simkins " Journal <strong>of</strong> Financial Education, Vol. 24 (Spring),<br />
1998, pp. 8-20.<br />
"CEO Contracting and Antitakeover Amendments" Co-authored with Kenneth A. Borokhovich<br />
and Robert Parrino, Journal <strong>of</strong> <strong>Finance</strong>, September 1997, pp. 1495-1517.<br />
“<strong>Finance</strong> Research Productivity and Influence” Co-authored with Kenneth A. Borokhovich,<br />
Robert J. Bricker, and Betty J. Simkins, Journal <strong>of</strong> <strong>Finance</strong>, December 1995, pp. 1691-<br />
1717.<br />
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MANUSCRIPTS UNDER REVIEW & WORKING PAPERS<br />
3<br />
"Variation in the Monitoring Incentives <strong>of</strong> Outside Stockholders" with Kenneth A. Borokhovich,<br />
Yvette Harman and Robert Parrino. Awaiting third review at the Journal <strong>of</strong> Law and<br />
Economics.<br />
”Inside Ownership and Firm Value – Evidence from the Unexpected Deaths <strong>of</strong> Senior<br />
Executives” with Kenneth Borokhovich and Yvette Harman, scheduled for<br />
presentation at the 2005 Financial Management Association Conference.<br />
”The Competing Incentives <strong>of</strong> Firms Adopting Antitakeover Charter Amendments” with<br />
Kenneth Borokhovich and Yvette Harman.<br />
WORK IN PROGRESS<br />
Firm Value and Superbowl Ad Ratings with Gillian Oakenfull and Timothy Greenlee.<br />
Succession Planning, Firm Value and Executive Deaths with Yvette Harman.<br />
Endogeneity in Shareholder Perceptions <strong>of</strong> Agency Costs with Kenneth Borokhovich<br />
REFEREED CONFERENCE PRESENTATIONS<br />
Eastern <strong>Finance</strong> Association (2005)<br />
Inside Ownership and Firm Value- Evidence from the Unexpected Deaths <strong>of</strong> Senior Executives<br />
Co-authored with Kenneth Borokhovich and Yvette Harman<br />
Eastern <strong>Finance</strong> Association (2005)<br />
Variation in the Monitoring Incentives <strong>of</strong> Outside Bockholders<br />
Co-authored with Kenneth Borokhovich, Yvette Harman and Robert Parrino<br />
Eastern <strong>Finance</strong> Association (2005)<br />
Discussant<br />
Financial Management Association Meetings (2004)<br />
Dividends and Agency Costs<br />
Co-authored with Kenneth Borokhovich, James Kehr and Yvette Harman.<br />
Financial Management Association Meetings (2003)<br />
The Importance <strong>of</strong> Board Composition in the Event <strong>of</strong> a CEO Death<br />
Co-authored with Maura Skill and Yvette Harman.<br />
Eastern <strong>Finance</strong> Association Meetings (2003)<br />
Dividends, Corporate Monitors and Managerial Quality<br />
Co-authored with James Kehr and Yvette Harman.<br />
Eastern <strong>Finance</strong> Association Meetings (2003)<br />
Agency Costs and the Decision to Pay Regular or Special Dividends<br />
Co-authored with James B. Kehr and Yvette Harman.
Eastern <strong>Finance</strong> Association Meetings (2003)<br />
The Importance <strong>of</strong> Board Composition in the Event <strong>of</strong> a CEO Death<br />
Co-authored with Maura Skill and Yvette Harman.<br />
Southern <strong>Finance</strong> Association Meetings (2002)<br />
Dividend Surprises, Agency Costs and Corporate Monitoring,<br />
Co-authored with James Kehr and Yvette Harman<br />
Southern <strong>Finance</strong> Association Meetings (2002)<br />
Discussant<br />
Eastern <strong>Finance</strong> Association Meetings (2000)<br />
Board Composition and Interest Rate Derivative Usage<br />
Co-authored with Kenneth Borokovich, Betty Simkins and<br />
Claire Crutchley.<br />
Southern <strong>Finance</strong> Association Meetings (1999)<br />
Board Composition and Interest Rate Derivative Usage<br />
Co-authored with Kenneth Borokovich, Betty Simkins and<br />
Claire Crutchley.<br />
Financial Management Association Meetings (1998)<br />
Board Composition and Interest Rate Derivative Usage<br />
Co-authored with Kenneth Borokovich, Betty Simkins and Claire Crutchley.<br />
Financial Management Association Meetings (1996)<br />
Antitakeover Amendments and Corporate Investment<br />
Policies, Co-authored with Kenneth Borokhovich<br />
Financial Management Association Meetings (1996)<br />
CEO Compensation and Firm Value<br />
Co-authored with Maura S. Skill<br />
Financial Management Association Meetings (1995)<br />
Firm Performance, Monitoring Mechanism and Stock<br />
Price Reactions: The Case <strong>of</strong> Fair Price Amendments<br />
Co-authored with Kenneth A. Borokhovich and Robert Parrino<br />
Financial Management Association Meetings (1995)<br />
Discussant<br />
Financial Management Association Meetings (1994)<br />
Antitakeover Amendments and Excess Compensation<br />
Co-authored with Kenneth A. Borokhovich and Robert Parrino<br />
Financial Management Association Meetings (1993)<br />
Antitakeover Amendments and Firm Performance,<br />
Co-authored with Kenneth A. Borokhovich<br />
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PROFESSIONAL ASSOCIATIONS<br />
Financial Management Association, Southern <strong>Finance</strong> Association, Eastern <strong>Finance</strong> Association<br />
AD-HOC REVIEWER<br />
The Journal <strong>of</strong> <strong>Finance</strong><br />
National Science Foundation<br />
The Financial Review<br />
The Journal <strong>of</strong> Economics and Business<br />
International Review <strong>of</strong> Economics and <strong>Finance</strong><br />
Southern Business and Economics Journal<br />
COMMITTEES<br />
Program Committee, Financial Management Association (2005)<br />
Ad-hoc Committee on Measuring <strong>of</strong> Teaching Effectiveness (Miami Univ) (2004)<br />
Ad-hoc Committee on Student Teaching Evaluations (Miami Univ) (2004)<br />
Research Committee – <strong>Department</strong> <strong>of</strong> <strong>Finance</strong> (Miami Univ.) (2005)<br />
Faculty Search Committee – <strong>Department</strong> <strong>of</strong> <strong>Finance</strong> (Miami Univ) (2003)<br />
Chief <strong>Department</strong> Advisor - <strong>Department</strong> <strong>of</strong> <strong>Finance</strong> (Miami Univ) (2000-2003)<br />
Technology Committee - Richard T. Farmer School <strong>of</strong> Business (Miami Univ) (1999-2003)<br />
Awards Committee – <strong>Department</strong> <strong>of</strong> <strong>Finance</strong> (Miami Univ) (1999-2000)<br />
Faculty Advisor- <strong>Finance</strong> Club (Ohio State) (1997-1999)<br />
Dissertation Committee for Debbie Psihountas (U. Cincinnati) (1997-2000)<br />
Dissertation Committee for Maura S. Skill (U. Cincinnati) (1995-1997)<br />
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