J. EDWARD GRAHAM (January 2011)
Department of Economics and Finance 6300 Sea Mist Court
Cameron School of Business Wilmington, NC 28409
University of North Carolina at Wilmington Cell: 910-264-1748
Wilmington, NC 28403 email@example.com
University of South Carolina Finance Ph.D. 1998
University of North Florida Accounting Post-graduate 1982
University of North Florida Business MBA 1979
Washington and Lee University Commerce BS 1978
University of North Carolina at Wilmington (Fall 1998 – Present)
Assistant Finance Professor; 1998-2003; Associate Finance Professor 2003-present; MBA Finance for
Executives, International Real Estate Investments, IMBA Thesis Seminar, Fundamentals of and
Intermediate Corporate Finance, Personal Finance, Principles of Real Estate, Real Estate Investment
Analysis and selected honors projects and independent studies
Indiana State University (Fall 1996 - Spring 1997)
Visiting Assistant Professor; Personal and Corporate Finance, Financial Markets and Institutions, Real
Estate Principals and Real Estate Investments
University of South Carolina (Summer 1993 - Summer 1996)
Business Financial Management, Investments, Commercial and Central Banking, Real Estate
Washington and Lee University (Spring 1995)
Guest Lecturer and Visiting Faculty Member; International Financial Management
PRIVATE SECTOR EXPERIENCE
Founder and owner of Graham Properties (1981-1998) in Jacksonville, FL. Major activities included real estate
investment and small business development. Business activities were consolidated and placed under
management with Duval Realty in Jacksonville prior to employment with UNCW.
Comptroller of Graham Boat Yard, Inc., (1979-1981).
REFEREED PUBLICATIONS, ACCEPTANCES
“Describing Real Estate Returns and the Real Estate Bubble Using the Dividend Growth Model,” with Joe
Farinella. 2010. Revised and resubmitted and under final edit for forthcoming publication in the
Journal of Financial Education. The Journal of Financial Education is the host journal of the
Financial Education Association.
Real Estate Investment, with Joe Goeters and John Wiedemer (deceased), 2010/2011. 335 pages. Invited co-
author of the seventh edition of the text, published in May of 2010. Cengage Publishing, Mason, OH
“The Finance Professor Teaching an Early Morning Class.” 2010. With Rob Burrus and Clay Moffett and Steve
Robinson. Forthcoming in the Journal of Instructional Techniques in Finance.
“Hurricanes and Homeowner Decision Making,” with Rob Burrus and Chris Dumas. Fall 2010 issue of the
Journal of Financial and Economic Practice.
“Home-Buyer Sentiment and Hurricane Landfalls,” with Rob Burrus, Woody Hall and Pete Schuhmann.
Published in the October 2009 issue of The Appraisal Journal . This paper was the winner of the best
academic paper of 2009.
“Coastal Homeowner Responses to Hurricane Risk Perceptions,” with Rob Burrus and Chris Dumas. Published
in 2008 in the winter issue of the Journal of Housing Research. The Journal of Housing Research
was the flagship journal of Fannie Mae, and has transitioned to stewardship under the American Real
“Ownership Structure, Expectations and Short Sales on the Nasdaq,” with Chris Hueghen. Published in the
April 2007 issue of the Journal of Economics and Finance. The Journal of Economics and Finance is
the flagship journal of the Academy of Economics and Finance.
“Hurricanes, Catastrophic Risk and Real Estate Market Recovery,” with Woody Hall and Pete Schuhmann.
Published in the July-September 2007 issue of the Journal of Real Estate Portfolio Management.
Published by the American Real Estate Society.
“Equity Private Placements, Liquid Assets and Firm Value,” with Roy Brooks. Published in the Fall 2005 issue
of the Journal of Economics and Finance.
“Impacts of Insurance Deductibles and Hurricane Damage Perceptions on Mitigation Choices,” with Rob
Burrus and Chris Dumas. 2005. Refereed book chapter in Economics and the Wind, Ewing, Rawls and
Kruse, eds. The paper was selected among studies submitted for inclusion in the book.
“Catastrophic Risk and Wealth-maximizing Choices for the Homeowner,” with Rob Burrus and Chris Dumas.
The Financial Services Review, Winter 2002.
“Catastrophic Risk and the Behavior of Residential Real Estate Market Participants” with Woody Hall. Natural
Hazards Review, August 2002.
Firm Value and Optimal Levels of Liquidity, 2001, a book published by Garland Publishing and Columbia
University, New York. This monograph, a refinement of my dissertation, was one of fewer than a
dozen selected by Columbia University in its series Financial Sectors of the Economy, Stuart Bruchey,
“Hurricanes, Housing Market Activity and Coastal Real Estate Values,” with Woody Hall. The Appraisal
Journal, October 2001.
“Costly Short Sales on the NASDAQ,” with Joe Farinella and Cyndi McDonald. Journal of Investing, Summer,
2001. The Journal of Investing is the flagship academic journal of the Institutional Investor.
“Determinants of Economics Homework Performance,” with Robert Burrus and Chris Dumas. The Journal of
Economics and Economics Education Research, 2001.
“The Cost of Coastal Sturm Surge Damage Reduction,” with Rob Burrus and Chris Dumas. Cost Engineering,
March, 2001. This journal is a centerpiece of the Association for the Advancement of Cost
“Hurricane Storm Surge: Cost-Effective Mitigation in Wilmington, NC.” Refereed chapter in the book: In the
Aftermath of Hurricane Floyd: Recovery in the Coastal Plain, Coastal Carolina Press. 2001. The
paper was selected among studies submitted for inclusion in the book.
“Glued Together, But Miles Apart: Headley’s Section 1031 Like-Kind Property Exchange,” with Rob Burrus,
published in The Journal of Finance Case Research, 2001.
“The Varying Risk Market Model; A Reexamination Based Upon Heteroskedastic Conditions and Other
Statistical Robustness Tests,” with Andy Soporoschenko. Quarterly Journal of Business and
Economics, Winter 1999.
JOURNAL SUBMISSIONS, REVISIONS AND OTHER CURRENT RESEARCH ACTIVITIES
“Early Morning Classes and Finance Student Performance.” With Rob Burrus. Under revision for resubmission
to the Journal of Financial Education. The Journal of Financial Education is the host journal of the
Financial Education Association.
“The Significance and Certification of Shelf Registrations,” with Clay Moffett and Bill Sackley. Under revision
for resubmission to the Southern Business and Economic Journal.
“Hurricane Risk, Homeowner Behavior and Coastal Property Improvements,” with Rob Burrus and Chris
Dumas. Under revision for resubmission to Emerald Publishing in the UK and the International
Journal of Disaster Resilience in the Built Environment.
“Hurricane Risk and Coastal Property Owner Choices.” With Rob Burrus and Chris Dumas. Under preparation
for journal submission.
“Katrina, Catastrophic Losses, and Homeowner Risk Aversion,” with Rob Burrus and Chris Dumas. 2008. A
work in progress.
“Cash Shortages, Burnout and the Rapidly Growing Firm: New Funds Flows and Private Placements of
Equity,” with LeRoy Brooks. Working paper.
“Reducing Expected Hurricane Damage Costs: A Micro-economic Perspective,” with Rob Burrus and Chris
Dumas. Working paper.
“Early Morning Classes and Finance Student Performance,” with Rob Burrus. 2009 Proceedings of the
Financial Education Association.
“Does High Short Interest Lead Underperformance?” 2002. With Joe Farinella and Cyndi McDonald. The CFA
Digest, 32/1, February.
“Efficiency in the Mortgage Lending Market: The Narrowing of Spreads Between Mortgage Rates Offered by
Lenders on the Internet” with Nikola Milivojevic. 2002 Proceedings of the Academy of Economics
“Capital Structure Choice and the New High Tech Firm” with Robert Sheehan. 2001 Proceedings of the
Academy of Economics and Finance.
“Catastrophic Risk, Homeowner Response and Wealth-Maximizing Wind Damage Mitigation,” 2001, Academy
of Financial Services Paper Abstracts, October.
“Modeling Returns generating Processes and Tests of the APT,” 2000 Proceedings of the Academy of
Economics and Finance. with Robert Burrus.
“The Capital Structure of a Stockholder-owned Insurance Company.” 1999 Proceedings of the Academy of
Economics and Finance.
“The 1031 Property Exchange: An Alternative to the High Capital Gains Tax,” with Steve Robinson. 1999
Allied Academies International Conference. Later version published in the Proceedings of the Institute
for Finance Case Research.
Review of Using SAS in Financial Research by Boehmer, Broussard and Kallunki. Published in the Summer
2004 issue of the Journal of Financial Research.
Review of “Real Estate Valuation: Principles and Applications” by Kenneth M. Lusht, Journal of Financial
Education, Spring 1997.
SELECTED ACADEMIC ACTIVITIES AND AWARDS
Discere Aude faculty award for student mentoring. December 2010.
Founding editor of the Journal of the Academy of Economics and Finance, 2010 - present.
Winner of the Best Academic Paper of the Year, 2009, in The Appraisal Journal, with Rob Burrus, Woody
Hall and Pete Schuhmann.
Winner of the MBA Professor of the Year at UNCW in 2006 and in 2007.
Nominated for the Chancellor’s Teaching Excellence Award, 2007 and 2008
Developer of a new program in International Finance and International Real Estate Investments for the
International MBA students at UNCW.
Developer of a new program (2008 – 2010) with a thesis workshop for the International MBA’s at UNCW.
Instructor in the summer program at Hochschule Bremen in Bremen, Germany in the summer of 2004 teaching
business financial management.
Guest lecturer at Hochschule Bremerhaven in Bremerhaven, Germany in 2004 in that school’s international
program in business and finance.
Awarded a Fulbright-Hayes fellowship during the summer of 2003 to study a la Universidad Catolica de
Valparaiso the Spanish language and Chilean culture
Editor of The Proceedings of the Academy of Economics and Finance, 2003-2010.
Recipient of a grant from BB & T in 2008 to examine the importance of liquidity infusions for firms in the
financial sector during the financial crisis.*
Recipient of Cameron School summer research grants in 2003 to study acquisitions and divestitures, in 2004 to
study real estate market recovery following a catastrophic events, in 2006 to examine homeowner
aversion to risk in the context of hurricanes, in 2007 to study real estate market sentiment, in 2008 to
examine the effectiveness of public policy following natural disasters and in 2010 to continue work
examining the importance of liquidity for firms receiving cash infusions during the financial crisis.
Winner of the MBA professor of the year at UNCW, 2001.
Recipient of an award for outstanding dedication to Sigma Nu fraternity in 2002 as its faculty advisor.
Recipient of the Cahill Grant at UNCW to study the impact of hurricanes on real estate values in 2000 and
another Cahill Grant in 2001 to examine the impact of hurricane risk upon homeowner behavior.*
Recipient of grants from BB and T to study the implications of cash accumulations for the rapidly growing firm
and international acquisitions and divestitures in 2000 and 2001.
Awarded a grant from the Center for Applied Real Estate Education and Research (with Rob Burrus and Chris
Dumas) at USC in 1999 to study the interactions of insurance, property values and defensive measures
for homeowners in hurricane-prone areas.*
Recipient of a Summer Research Grant from the Cameron School of Business, 1999, to study the value of
liquidity for the firm issuing equity privately and in 2000 to study real estate value.
Winner of the Outstanding Graduate Student Teacher Award, College of Business Administration, University of
South Carolina, 1995.
Developer of a new practitioner-focused initiative in real estate instruction at Indiana State University, 1996-7
and at UNC-Wilmington, 1998-present.
Reviewer for the Journal of Financial Research, the Journal of Housing Research, the Financial Review, the
Journal of Economics and Finance, the Journal of Financial Education, The Journal of Real Estate
Practice and Education and other academic journals.
Textbook reviewer for McGraw Hill, Cengage Publishing, Prentice-Hall and others.
Instructor in a televised broadcast of a real estate finance class the University of South Carolina, 1996.
Nominated for the USC Educational Foundation Teaching Award, 1995.
PROFESSIONAL MEETINGS AND PRESENTATIONS
Presented research at the following meetings: Academy of Economics and Finance, 1999 – 2010.; Southern
Finance Association, 1996, 1998, 1999, 2002 – 2005, 2007-2008; American Real Estate Society, 2004
– 2008, 2010; Financial Management Association, 1997, 1999 and 2000; the Academy of Financial
Services, 2001; Allied Academies International Conference, 1999; Midwest Finance Association,
1997; and the Eastern Finance Association, 2001 and 2002.
Multiple teacher-training programs at UNCW and elsewhere, 1998-present.
Guest speaker or quoted source on corporate, real estate and investment finance at several southeastern
universities and with various media and civic organizations in Florida and the Carolinas, 1999-present
(most recently with the Star News on August 27, 2010).
Discussant, moderator, program committees, panel member and/or research track chair at various meetings
(between 1995 and 2010) of the Financial Management Association, the Eastern Finance Association,
the American Real Estate Society, the Southern Finance Association, the Southern
Economic Association, the Southern Management Association, the Allied Southern Business
Association, the Academy of Financial Services and the Academy of Economics and Finance.
Member of the Wilmington Investor’s Network and the Wilmington Investor’s Roundtable and other selected
professional, civic, academic and financial organizations.
SELECTED TEACHING, COLLEGE AND UNIVERSITY SERVICE ACTIVITIES
Chairman of the Faculty Senate Budget Committee, 2005-present.
Member of the Campus Initiated Tuition Increase Committee, 2005- present.
Ad-hoc member of the University Fee Committee, 2005-present (full time member 2005 and 2006).
Faculty sponsor of honors projects between 2004 and 2010, overseeing two of the three Cameron School of
Business honors projects during the 2009-2010 academic year.
MBA program and International MBA programs. Course development and ad-hoc admission committees.
Faculty Senate 1999-present, missing a year or two in the early 2000’s.
Faculty sponsor of over 25 directed independent studies between 1999 and 2010 towards guiding students in
special study areas. Some DIS supervision was conducted to allow students to graduate in a timely
fashion, providing otherwise unavailable coursework to meet graduation requirements.
External Programs; Business Week; Founding member of University Diversity and Latino Initiatives (Centro
Hispano); Chancellor’s Faculty Advisement Committee; Faculty Hiring and many others.
Faculty sponsor of close to 90 student internships between 1999 and January of 2010. Most internships were in
the Wilmington area, with some in Raleigh, Charlotte, the Northeast and the Midwest. Over 70 were
for academic credit.
Exhaustive and continuing hurricane and catastrophic risk research since 1999. (See above.)
Wilmington Investor’s Network (founding member)
Wilmington Investor’s Roundtable
Data management and comment with the Wilmington Regional Association of Realtors
Board member, financial advice with two local charities serving the homeless
Career and college enrollment advice with selected area high schools
Panel member with local realtor, investor, entrepreneurship and banking groups
Invited speaker and attendee at local meetings of the Coastal Entrepreneurial Council
Attendee and speaker at meetings of the Entrepreneurship Center at UNCW, and other local business groups
Regular citations in the local print and broadcast media on economic, investment and financial issues
Information on other regional charitable or business activities available on request