Iqbal Mansur, Ph.D. Professor Accounting, Economics and Finance School of Business Administration

Transcription

1 Iqbal Mansur, Ph.D. Professor Accounting, Economics and Finance School of Business Administration Academic Background Ph.D. University of Cincinnati, Cincinnati, Ohio, 1984 M.A. Western Michigan University, Kalamazoo, Michigan, 1979 B.A. Goshen College, Goshen, Indiana, Economics, 1977 Professional Memberships American Finance Association Eastern Finance Association Financial Management Association Midwest Finance Association North American Economic and Finance Association Southern Finance Association Southwestern Finance Association WORK EXPERIENCE Work Experience Academic Professor of Finance, Widener University ( Present), Chester, Pennsylvania. Department Head - Management Department, Widener University ( ), Chester, Pennsylvania. Acting Department Head - Management Department, Widener University (1995), Chester, Pennsylvania. Coordinator: Finance Concentration, Widener University (1995), Chester, Pennsylvania. Coordinator: Management 700 Seminar, Widener University (1995), Chester, Pennsylvania. Associate Professor of Finance, Widener University ( ), Chester, Pennsylvania. Assistant Professor of Finance, Widener University ( ), Chester, Pennsylvania. Assistant Professor of Economics, Ashland College ( ), Ashland, Ohio. Adjunct Instructor, Northern Kentucky University ( ), Highland Heights, Kentucky. Instructor of Economics (part-time), University of Cincinnati ( ), Cincinnati, Ohio. Non-Academic Board Member, Fund Vantage ( Present), Wilmington, Delaware. N/A, The Upjohn Company (January, May, 1978), Portage, Michigan. Paid Service Experience 2008: Member of the Board - FundVantage Group, FundVantage is a mutual fund holding company. Currently there are 4 funds in this fund family. TEACHING Courses Taught Courses from the Teaching Schedule: FIN 303, Financial Management, FIN 620, Financial Fundamentals, FIN301, Professional Fund Management, FIN 450, Financial Practices and Regulations,

2 FIN 305, Investments, FIN 630, Investment Valuation, FIN 408, Mutual Fund Investments, FIN 406, Portfolio Management, Sabbatical Leave, FIN 610, US Financial Institutions Courses taught, but not in the Schedule: Undergraduate: Investments, Portfolio Analysis, Financial Management, International Finance Graduate: Financial Institutions, Financial Management, Seminar in Banking and Investments, Investments and Portfolio Analysis, Mutual Fund Investing Teaching Activities Course Engagement - professional speakers in class FIN 301 Professional Fund Management FIN 406 Portfolio Theory and Management Multiple courses over the last three years. INTELLECTUAL CONTRIBUTIONS Intellectual Contributions Grid Category BDS AIS TLS Total Articles in Refereed Journals Articles-in-Progress (All) 3 3 Publications of Non-refereed or Invited Papers 3 3 Books, Monographs, Compilations, Manuals, Supplements, Chapters, Cases, Readings 1 1 Presentations of Refereed Papers Presentations of Non-Refereed Papers 1 1 Refereed Articles Basic or Discovery Scholarship Mansur, I. & Elyasiani, E. (2017). Hedge Fund Return, Volatility Asymmetry, and Systemic Effects: A Higher-Moment Factor-EGARCH Model. Journal of Financial Stability, 28, Mansur, I., Cochran, S. J., & Odusami, B. (2015). Equity Market Implied Volatility and Energy Prices: A Double Threshold GARCH Approach. Energy Economics, 50 (264), 272. Cochran, S., Mansur, I., & Odusami, B. (2015). Conditional Higher-Order Moments in Precious Metal Returns. Quantitative Finance, 16 (1), Mansur, I., Cochran, S. J., & Odusami, B. (2013). Sectoral Stock Return Sensitivity to Oil Price Changes: A Double Threshold FIGARCH Model. Quantitative Finance, 13 (4), Mansur, I., Cocran, S. J., & Odusami, B. (2012). Volatility Persistence in Metal Returns: A FIGARCH Approach. Journal of Economics and Business, 64, Mansur, I., Elyasiani, E., & Odusami, B. (2011). Oil Price Shocks and Industry Stock Returns. Energy Economics. Mansur, I., Nasseh, A., & Odusami, B. (2011). The Relationship of Money Market Mutual Fund Maturity and Interest Rates. Journal of Financial Services Professionals. Elyasiani, E., Mansur, I., & Wetmore, J. (2010). Real Estate Risk Effects on Financial Institutions' Stock Return Distribution: A Bivariate GARCH Analysis. Journal of Real Estate Finance and Economics, 40 (90-106). Mansur, I., Carson, J., & Elyasiani, E. (2008). Comparative Sensitivities and Intra-Industry Transmission of Return and Risk: A System-GARCH Model of Insurance Companies. Journal of Risk and Insurance, 75,

3 Mansur, I., Brewer, E., Carson, J., Elyasiani, E., & Scott, W. (2007). Interest Rate Risk and Equity Values of Life Insurance Companies: A GARCH-M Model. Journal of Risk and Insurance, 74, Mansur, I., Elyasiani, E., & Kocagil, A. (2007). Information Transmission and Spillover in Currency Markets: A Generalized Variance Decomposition Analysis. Quarterly Review of Economics and Finance, 47, Mansur, I., Elyasiani, E., & Pegano, M. (2007). Convergence and Risk-Return Linkages across Financial Service Firms. Journal of Banking and Finance, 31, Mansur, I., Cochran, S., & Shaffer, D. (2007). Foreign Exchange Volatility Shifts and Futures Hedging: An ICSS-GARCH Approach. Review of Pacific Basin Financial Markets and Policies, 10 (3), Mansur, I. & Elyasiani, E. (2005). The Association between Market and Exchange Rate Risks and Accounting Variables: A GARCH Model of the Japanese Banking Institutions. Review of Quantitative Finance and Accounting, 25, Mansur, I., Heck, J., & Cochran, S. J. (2005). Seasonality and Regime Switching in the U.S. Stock Market. Advances in Investment Analysis and Portfolio Management, 1, Mansur, I. & Elyasiani, E. (2004). Bank Stock Return Sensitivity to the Long-term and Short-term Interest Rates: A Bivariate GARCH Approach. Managerial Finance, 30, Mansur, I. & Cochran, S. J. (2003). A Nonparametric Investigation of Seasonality in U.S. Stock Market Cycle Durations. Managerial Finance, 29, Mansur, I. & Elyasiani, E. (2003). International Spillover of Risk and Return among Major Banking Institutions: A Bivariate GARCH Model. Journal of Accounting Auditing and Finance, 18, Mansur, I. & Cochran, S. J. (2002). Stock Market Volatility. Journal of Financial Services Professionals, Mansur, I., Darby, L., & Furh, J. (2001). The Effect of Interest Rate Movements on the Telecommunications Stock Returns: A GARCH Model. International Quarterly Journal of Finance, Mansur, I. & Elyasiani, E. (1998). Sensitivity of the Bank Stock Returns Distribution to Changes in the Volatility of Interest Rate: A GARCH-M Model. Journal of Banking and Finance, 22, Mansur, I. & Elyasiani, E. (1995). Sensitivity of Bank Equity Returns to the Level and Volatility of Interest Rates. Managerial Finance, 21, Mansur, I. & Elyasiani, E. (1994). An Examination of the Impact of the 1989 FIRREA on the Market Value of Commercial Banks and Savings and Loans. Applied Financial Economics, 4, Mansur, I. & Cochran, S. J. (1993). Expected Returns and Economic Factors: A GARCH Approach. Applied Financial Economics, 3, Mansur, I., Zangeneh, H., & Zitz, M. S. (1993). The Association Between Bank Examiners' Performance Ratios and Market Determined Measures of Risk. Applied Economics, 25, Mansur, I., Cochran, S. J., & Phillips, J. E. (1991). The Relationship Between the Equity Return Levels of Oil Companies and Unanticipated Events: The Case of the Exxon Valdez Accident. Logistics and Transportation Review, 27, Mansur, I., Cochran, S. J., & Margasahaym, R. (1991). The Relationship Between the Brazilian Interest Payments Moratorium and Bank Equity Returns: Evidence from the London Stock Exchange. Applied Economics, 23, Mansur, I. & Cochran, S. J. (1991). The Interrelationships Between U.S. and Foreign Equity Market Yields: Tests of Granger Causality. Journal of International Business Studies, 22, Mansur, I., Cochran, S. J., & Gregory, N. M. (1991). The Effects of the Venezuelan Debt Crisis on U.S. Bank Equity Returns. Journal of Business and Economic Perspectives, 17, Mansur, I. (1991). Covariability of Major Equity Markets Around the October 1987 Crash: Tests of Granger Causality. International Journal of Commerce and Management, Mansur, I., Cochran, S. J., & Seagers, D. K. (1990). The Relationship Between the Argentinean Debt Rescheduling Announcement and Bank Equity Returns. Financial Review, 25,

4 Mansur, I. (1990). The Effects of the Federal Government Debt on Corporate Financing Decision: An Empirical Investigation. Journal of Business and Economic Perspectives, 16, Mansur, I. & Cochran, S. J. (1989). Magnitude and Stability of Market Risk: Some International Evidence. Southwest Journal of Business and Economics, 6, 1-6. Mansur, I., Cochran, S. J., & Froio, G. L. (1989). The Relationship Between the Equity Return Levels of Airline Companies and Unanticipated Events: The Case of the 1979 DC-10 Grounding. Logistics and Transportation Review, 25, Mansur, I., Cochran, S. J., & Cahill, D. T. (1988). The Relationship Between Bank Equity Returns and the Brazilian Interest Payments Moratorium. Journal of Applied Business Research, 5, Non-Refereed Articles Basic or Discovery Scholarship Mansur, I. & Cochran, S. J. (1988). The Effects of Macroeconomic Factors on Systematic Currency Risk During Economic Expansions and Contractions. Journal of Economics and International Relations, 2, Mansur, I. & Cochran, S. J. (1990). The Direction of Causality Between U.S. and Foreign Equity Market Yields. Journal of Economics and International Relations, 3, Mansur, I. (1991). Test of Market Efficiency of Major Equity Markets Following an Unanticipated Event: The Case of the Tiananmen Square Uprising. Journal of Economics and International Relations. Chapters, Cases, Readings, Supplements Chapter Mansur, I., Elyasiani, E., & Odusami, B. (2016). Sectoral Stock Return Sensitivity to Oil Price Changes: A Double Threshold FIGARCH Model. Commodities: Financial Mathematics Series. CRC press New York (part of Taylor and Francis) [B]. Presentations of Refereed Papers International Mansur, I., Cochran, S. J., & Odusami, B. (2016). Threshold Affects of Term Premium in Metals Returns and Return Volatility: A Double Threshold-FIGARCH Approach" (with Steven J. Cochran and Babatunde Odusami) Energy & Commodity Finance Conference, ESSEC Business School, Paris, France. Mansur, I., Brewer, E., Carson, J., & Elyasiani, E. (2005, June). Comparative Sensitivities and Intra- Industry Transmission of Return and Risk: A System-GARCH Model of Insurance Companies. Financial Management Association- European Conference, Siena, Italy. Mansur, I., Cochran, S., & Shaffer, D. (2004, June). Foreign Exchange Volatility Shifts and Futures Hedging: An ICSS-GARCH Approach. Financial Management Association - European Conference, Zurich, Switzerland. Mansur, I. & Elyasiani, E. (2003, July). The Interdependence of the Accounting Variables and Market Measures of Risk: A GARCH Model of the Japanese Banking Institutions. INFORMS meeting, Istanbul, Turkey. Mansur, I. & Elyasiani, E. (1999, June). International Spillover of Risk and Return Among Major Banking Institutions: A Bivariate GARCH Approach. European Financial Management Association meeting, Barcelona, Spain. Mansur, I. & Elyasiani, E. (1993, October). Interest Rate Sensitivity on the Equity Returns and Risks of Commercial Banks: A GARCH Approach. Financial Management Association meeting, Toronto, Canada. Mansur, I., Cochran, S. J., & Phillips, J. E. (1990, December). The Relationship Between the Equity Return Levels of Oil Companies and Unanticipated Events: The Case of the Exxon Valdez

5 Accident. North American Economics and Finance Association meeting, Washington, District of Columbia. Mansur, I. & Cochran, S. J. (1988, December). The Measurement and Stability of Systematic Currency Risk. North American Economics and Finance Association meeting, New York, New York. Mansur, I. & Cochran, S. J. (1986, December). Economic Shocks and Security Returns: The Relationship Between Commodity Prices, Inventory Adjustment and Systematic Risk. North American Economics and Finance Association meeting, New Orleans, Louisiana. Mansur, I. & Cochran, S. J. (1984, December). The Influence of Macroeconomic Factors Upon EPS. North American Economics and Finance Association meeting, Dallas, Texas. National Elyasiani, E., Mansur, I., & Odusami, T. (2009). Sectoral Stock Return Sensitivity to Oil Prices: A Double Threshold FIGARCH Model. 7th Annual International Conference on Business: The Business Research Division of The Athens Institute For Education And Research Accounting, Athens, Greece, Athens, Greece. Mansur, I., Elyasiani, E., & Wetmore, J. (2007, October). Real Estate Risk Effects on Financial InstitutionsStock Return Distribution: A Bivariate GARCH Analysis. Financial Management Association meeting, Orlando, Florida. Mansur, I., Cochran, S., & Shaffer, D. (2004, November). Foreign Exchange Volatility Shifts and Futures Hedging: An ICSS-GARCH Approach. Financial Management Association, New Orleans, Louisiana. Mansur, I. & Elyasiani, E. (2003, October). The Association Between Market and Exchange Rate Risks and Accounting Variables: A GARCH Model of the Japanese Banking Institutions. Financial Management Association meeting, Denver, Colorado. Mansur, I. & Elyasiani, E. (2000, November). Bank Stock Return Sensitivity to the Long-term and Shortterm Interest Rates: A Bivariate GARCH Approach. INFORMS meeting, San Antonio, Texas. Mansur, I., Darby, L., & Fuhr, J. (2000, October). The Effect of Interest Rate Movements on the Telecommunications Stock Returns: A GARCH Model. Financial Management Association meeting, Seattle, Washington. Mansur, I. & Elyasiani, E. (1997, October). The Interdependence of the Accounting Variables and Market Measures of Risk: A GARCH Model of the Japanese Banking Institutions. Financial Management Association meeting, Honolulu, Hawaii. Mansur, I. & Elyasiani, E. (1997, October). Bank Stock Return Sensitivity to the Long-term and Shortterm Interest Rates: A System GARCH Approach. Financial Management Association meeting, Honolulu, Hawaii. Mansur, I. & Elyasiani, E. (1996, October). International Spillover of Risk and Return Among Major Banking Institution: A Joint System Estimation of a GARCH-M Model. Financial Management Association meeting, New Orleans, Louisiana. Mansur, I. & Elyasiani, E. (1995, October). Sensitivity of the Bank Stock Returns Distribution to Changes in the Volatility of Interest Rate: A GARCH Model. Financial Management Association meeting, New York, New York. Mansur, I. & Elyasiani, E. (1994, October). Sensitivity of Bank Equity Returns to the Level and Volatility of Interest Rates. Financial Management Association meeting, St. Louis, Missouri. Mansur, I. & Elyasiani, E. (1992, October). Interest Rate Sensitivity on the Equity Returns of Financial Institutions during Economic Expansions and Contractions. Financial Management Association meeting, San Francisco, California. Mansur, I. & Cochran, S. J. (1991, October). Expected Returns and Economic Factors: A GARCH Approach. Financial Management Association meeting, Chicago, Illinois. Mansur, I. & Cochran, S. J. (1990, October). The Interrelationships Between U.S. and Foreign Equity Market Yields: Tests of Granger Causality. Financial Management Association meeting, Orlando, Florida.

6 Mansur, I., Cochran, S. J., & Seagers, D. K. (1989, October). The Relationship Between the Argentinean Debt Rescheduling and Bank Equity Returns. Financial Management Association meeting, Boston, Massachusetts. Regional Mansur, I., Elyasiani, E., & Wetmore, J. (2007, March). Real Estate Risk Effects on Financial InstitutionsStock Return Distribution: A Bivariate GARCH Analysis. Mid-Atlantic Research Conference in Finance, Villanova, Pennsylvania. Mansur, I., Pegano, M., & Elyasiani, E. (2006, April). Convergence and Risk-Return Linkages Across Financial Service Firms. Eastern Finance Association, Philadelphia, Pennsylvania. Mansur, I., Brewer, E., Carson, J., & Elyasiani, E. (2004, November). Comparative Sensitivities and Intra-Industry Transmission of Return and Risk: A System-GARCH Model of Insurance Companies. Southern Finance Association meeting, Captiva Island, Florida. Mansur, I., Brewer, E., Carson, J., Elyasiani, E., & Scott, W. (2004, April). Interest Rate Risk and Equity Values of Life Insurance Companies: A Garch-M Model. Eastern Finance Association meeting, Mystic, Connecticut. Mansur, I. & Elyasiani, E. (2003, April). Bank Stock Return Sensitivity to the Long-term and Short-term Interest Rates: A Bivariate GARCH Approach. Eastern Finance Association meeting, Lake Buena Vista, Florida. Mansur, I. & Elyasiani, E. (2001, April). International Spillover of Risk and Return Among Major Banking Institutions: A Bivariate GARCH Approach. Eastern Finance Association meeting, Charleston, North Carolina. Mansur, I. & Cochran, S. J. (1989, April). The Effects of Macroeconomic Factor on Systematic Currency Risk During Economic Expansions and Contractions. Eastern Finance Association meeting, Philadelphia, Pennsylvania. Mansur, I. & Cochran, S. J. (1989, March). The Interrelationship of Market Returns: Some International Evidence. Midwest Finance Association meeting, Cincinnati, Ohio. Mansur, I. (1988, April). The Relationship Between Exchange Rates, Macroeconomic Factors, and Currency Risk. Midwest Finance Association meeting, Chicago, Illinois. Mansur, I., Gerring, L. F., & Gentile, D. F. (1988, March). Commercial Bank Profitability in Newly Created Interstate Regional Compacts: A Comparative Study. Eastern Economic Association meeting, Boston, Massachusetts. Mansur, I. (1987, December). The Relationship Between Exchange Rates, Macroeconomic Factors and Currency Risk. North American Economics and Finance Association meeting, Chicago, Illinois. Mansur, I. & Cochran, S. J. (1987, March). Financing of Federal Budget Deficit and Its Impact on Market Risk Premium. Eastern Economic Association meeting, Washington, District of Columbia. Mansur, I. & Cochran, S. J. (1985, March). The Effect of Commodity Prices on Security Returns: An Inventory Adjustment Approach. Eastern Economic Association meeting, Pittsburgh, Pennsylvania. Mansur, I. (1984, April). Joint Determination of Asset and Liability Structure of the Banking Firm. Midwest Economic Association meeting, Chicago, Illinois. Presentations of Non-Refereed Papers Local Mansur, I., Cochran, S., & Odusami, B. (2011). Threshold Affects of Term Premium in Metals Returns and Return Volatility: A Double Threshold-FIGARCH Approach. Villanova University, Villanova, Pennsylvania. Grants Research 2008: Mansur, I. Sabbatical Award.

7 2007: Mansur, I. SBA Summer Research Grant. 2004: Mansur, I. SBA Summer Research Grant. 1997: Mansur, I. School of Business Administration Summer Research Grant. 1993: Mansur, I. Widener University Faculty Research Grant. 1991: Mansur, I. Widener University Faculty Research Grant. 1989: Mansur, I. Widener University Faculty Research Grant. 1988: Mansur, I. Widener University Faculty Research Grant. 1987: Mansur, I. Widener University Faculty Research Grant. Papers Under Review Mansur, I., Carson, J., & Elyasiani, E. (2007). "Comparative Sensitivities and Intra-Industry Transmission of Return and Risk: A System-GARCH Model of Insurance Companies," Revised and resubmitted to Journal of Risk And Insurance. Mansur, I., Elyasiani, E., & Wetmore, J. (2007). "Real Estate Risk Effects on Financial Institutions Stock Return Distribution: A Bivariate GARCH Analysis," Revised and resubmitted to Journal Of Real Estate Finance and Economics. Working Papers Mansur, I., Elyasiani, E., & Getmansky, M. (2007). "Hedge Fund Performance: A Skewness Adjusted GARCH model." SERVICE Service to the Institution Department Assignments Member College Assignments Member: : University Faculty Council Representatives : School of Business Administration Academic Council : Graduate Council : Academic Council : Curriculum and Academic Standards Committee : Strategic Planning Committee College Assignments Other Institutional Service Activities: College Assignments Student Club Activity: : Money Club: Advisor to Money Club. Assist students with stock valuation and managing student managed investment fund. Also help identify and invite speakers to Money Club meetings. College Assignments University Assignments Service to the Profession Board Member: Board of Trustees 2016: FundVanatage Trust, Wilmington, Delaware. G3 Leadership/Faculty/Business (AE)

8 Independent Trustee, FundVantage Trust 2007 to present FundVantage Trust is a 1940 Act series trust that provides a turnkey solution in establishing and operating a mutual fund. Currently, the fund complex has 19 investment advisors, 21 funds with approximately $9 billion assets under management. The board consists of 4 independent and 1 interested trustees with an Independent Chair. I served as the Chair of the Audit Committee form overseeing the audit engagement of the complex. I currently serve as the Chair of the Nominating and Governance Committee. Member: Committee/Task Force 1997: Midwest Finance Association. Member of the Program Committee - Midwest Finance Association: : Midwest Finance Association. Member of the Program Committee - Midwest Finance Association: : Midwest Finance Association. Member of the Program Committee - Midwest Finance Association: : Financial Management Association. Member of the Program Committee - Financial Management Association: : Financial Management Association. Member of the Program Committee - Financial Management Association: : Midwest Finance Association. Member of the Program Committee - Midwest Finance Association: 1988 Honors/Awards Award 2010: Widener University Outstanding Researcher Award, 2010, Widener University. 2008: Widener University. 2002: Widener University. 1992: Lindback Award. 1992: Widener University. 1978: Western Michigan University. Honor 2016: Widener University Distinguished Professor Award, Widener University. 2008: School of Business Outstanding Researcher Award, School of Business. 1998: ANBAR Electronic Intelligence.