DEPARTMENT OF FINANCE

Newsletter January 2015

In this issue:

Chair Message/Finance

Enrollment Updates . . . . 1

Honors & Awards . . . . . 2

Winner Highlights . . . . 3

Programs Announce-

ments . . . . . . . . . . . . . . . 4

FMS Club Report . . . . . . 5

Student Success/What

Students Are Saying . . 6-7

SMIF/Investment News . .8

Faculty Information . . . . 9

Updates & New Advisory

Board . . . . . . . . . . . . . . . 10

Event Photos . . . . . . 11-13

Alumni Update/Donor

Form . . . . . . . . . . . . . . . 14

Happy New Year!

The year of 2014 is

history now and it is

time to reflect upon

the past year

through the newest

edition of our De-

partment Newsletter.

The most exciting announcement is our

new Insurance Specialization and Minor

Programs that will be launched in Fall

2015. The Insurance Specialization pro-

gram will be one of only a few 4-year

degree programs in the state of Ohio

specifically focused on Insurance. Our

new programs will undoubtedly contrib-

ute to the strong manpower need in the

industry in coming years. To support our

new programs, we are also creating a

new Insurance Advisory Board and the

Insurance & Risk Management Institute

with industry professionals.

Finance Specialization continues to be a

strong program in the college with 164

students this fall. We graduated 51 stu-

dents this past academic year out of 287

college graduates. Thanks to your con-

tinuing support, we awarded the record

amount of $24,100 in scholarships and

awards to 46 Finance students this year.

We have had a few changes in our facul-

ty and staff and you will find more de-

tails in this Newsletter. Among others,

we welcome J. Michael Galbraith, Ad-

junct Faculty; and Sheri Eddington, De-

partment Secretary.

We would like to hear from you and

share your stories with our students and

alums. Simply email or fax the question-

naire at the end of the Newsletter.

The Department faculty, staff, and stu-

dents are looking forward to another

exciting year of progress. We invite you

all to be a part of this endeavor.

Wishing you and your family all the very

best for the New Year, we look forward

to your continued support and hearing

from you soon.

Go Falcons!

Sung Bae, Chair

Chair’s Message

Fall 2014 Finance Enrollment Trends

Dr. Sung C. Bae

201 Business Administration Building Bowling Green State University, Bowling Green, OH 43403 419.372.2520 tel. 419.372.2527 fax http://www.bgsu.edu/business/finance.html

2

Thanks to the generosity of alumni, companies, faculty, friends and profes-

sional organizations, the Department was able to grant more than $24,000 in

scholarships for the 2014-15 academic year.

Scholarship Name Recipient

Avery Dennison Dana Kaufman

Bruce and Janet Misamore Clay Barron, Athar Kazmi

Darwin B. Close Pedro Petribu

Donald L. Speck Bryce Arnett

Emery S. Gielow Ayo Ellis, Luke Zemanek

Finance Faculty Hayley Loy, Robert Shenefield

Geoffrey and Linda Radbill Michael Behr, James Knippen, &

Chris Workman

J. Warren Hall Trevor Campbell, Max Rein

Jan Woo Lee Cody Zeller, Allen Jenkins

John and Inge Bowyer Tyler Kemp

Kenneth H. Harger Landon Drewes, Jacob Kinsey

KeyBank Dylan Atibagos, Cameron Cooke

Louis and Adelyne Klein Pedro Petribu

Mary Jane Little Dorais John Auden, Jesus Luevano, &

Valerie Vondrak

Thomas Pemberton Benjamin Kister

William H. and Muriel A. Alex Batt, Wade Heffner, Kenneth Knapke &

Fichthorn Brett Rowley

Scholarships and Awards

Department of Finance Donors

Avery Dennison Corporation

Darwin B. Close

Mary Jane Little Dorais

William H. and Muriel A. Fichthorn

Emery S. Gielow

J. Warren Hall

Kenneth H. Harger

Key Bank

Jang Woo Lee

Bruce and Janet Misamore

Thomas Pemberton

Marathon Petroleum Corporation

Geoffrey and Linda Radbill

Donald L. Speck

John and Inge Bowyer

Louis and Adelyne Klein

Finance Faculty

————

Johnnie R. Brown

Daniel P. Burke

William F. Charters

Maureen Ann and Christopher Conroy

Timothy M. Egloff

Andrew P. and Kimberly B. Fichthorn

Norman W. Fichthorn

Britt J. James

Daniel P. and Linda Bowyer Klein

Donald A. Klise

Thomas J. Libeg

Gary D. and Melanie Lind

Maurice E. Miller, Jr.

Brad and Debra Miesle

Thomas E. Pemberton, Jr.

John D. Pitman

MacArthur R. and Denise E. Plumart

Stephen G. Rado

Thomas E. and Mary A. Rohr, Jr.

Neil W. Roache

Thomas L. Sholl

Christopher L. and Maribeth A. Stahl

Gregory L. Stefani

Brice R. Steffes

Thomas G. Skuggen

Craig A. Warnimont

Jon B. Young

Attendees enjoy the 2014 Honors and Awards Ceremony

3

Award Winner Highlights

T r e v o r

B i schoff graduated in

May 2014 and

earned the Karl

Vogt Award as

the College of

Business’s out-

standing graduating senior, being

the first graduate to earn a business

degree with four specializations –

Finance, accounting, business ana-

lytics and intelligence, and applied

economics. He accomplished this

while also remaining highly active in

extracurricular activities and taking

on leadership roles throughout

campus .

He interned two summers for Parker

Hannifin as a corporate treasury

intern and a corporate cost ac-

counting intern. This fall he joined

Deloitte as an Enterprise Risk Ser-

vices (ERS) consultant.

The 2014 graduate credits the cul-

ture of engagement fostered within

the College of Business and the

generous alumni who establish

scholarships for supporting him in

his college career. “If it hadn’t been

for the scholarships, I would not

have been able to extend my col-

lege career to achieve my academic

and professional development

goals. I am more prepared for the

professional world because of the

opportunities the College gave me.”

Andrew

Wallace

Received the

Finance De-

p a r t m e n t ’ s

2014 Graduat-

ing Senior

Award at our Graduating Senior Re-

ception, held on April 24, 2014.

Andrew graduated with a 3.81 GPA

and was part of the BGSU Investment

Team which is responsible for manag-

ing a $250,000 alumni portfolio

through conducting research and an-

alyzing international Exchange-

Traded Funds for potential invest-

ment. Not only does Wallace excel

academically, he played on the BGSU

varsity hockey team as a forward. His

hometown is Bedford, Nova Scotia.

We are proud of our

award-winning

students.

Chad Sultz-received the 2014

Financial Executive International

(FEI) Student Award, sponsored by

the Toledo Chapter of FEI. The

Awards Night was held November

13, 2014.

Chad is a senior specializing in Fi-

nance and Accounting with 4.0 GPA.

He will be interning as a tax intern

with Rehmann during Spring se-

mester and Cooper Tire during the

summer. Chad will receive his BSBA

this August and will enter the BGSU

Master of Accountancy program Fall

of 2015.

He is in the FMS and Beta Alpha Psi

student organizations. He is from

Fremont, Ohio.

Chad Sultz receives his FEI Award from

Finance Faculty, Dr. Li and Dr. Bae

Andrew Wallace with Dr. Bae

4

Insurance

Specialization Designed for business students to

prepare them to be an insurance

specialist, with the academic and

professional levels of education

needed to advise on insurance

and manage insurance company

and agent operations.

Insurance Specialization requires

22 credit hours beyond the gen-

eral BSBA degree requirements.

1. Required

INS 2100-Intro to Insurance

INS 4220-Life & Health Insurance

INS 4230-Property & Liability Ins.

INS 4240-Ins. Co.& Agency Ops.

INS 4250-Insurance Law

2. Electives

FIN 4130-Persoanl Fin. Planning

FIN 4140-Retirement/Emp. Benefits

FIN 4210-Risk Mgmt. Insurance

FIN 4350-Investment Analysis

MKT 4050-Services Marketing

Insurance

Minor Designed for both business and

non-business students to prepare

them with the academic and pro-

fessional levels of education

needed to advise on insurance

without having to take all of the

core business school requisites.

Insurance Minor requires 22 credit

hours for non-business and 25

credit hours for business students.

1. One of: ECON 2000/ECON 2020

2. One of: ACCT 2000/ACCT 2210

3. INS 2100-Intro to Insurance

4. FIN 3000-Business Finance

5. Required

INS 4220-Life & Health Insurance

INS 4230-Property & Liability Ins.

INS 4240-Ins. Co. & Agency Ops

6. Electives

FIN 4130-Personal Fin. Planning

FIN 4140-Ret & Employee Benefits

FIN 4210-Risk Mgmt. Insurance

INS 4250-Insurance Law

Highlights of In-

surance Programs Industry-driven program with

strong support from the Ohio

Governor’s office and the

Ohio insurance industry

One of only six 4-year degree

programs in the state of Ohio

specifically focused on insur-

ance

To address the impending

shortage of qualified insur-

ance workers in the Ohio’s

insurance industry

Graduates pursue more than

30 different career options in

the insurance industry

To establish new Insurance &

Risk Management Institute to

effectively promote partner-

ships with the industry

To establish new Insurance

Advisory Board

To establish insurance student

clubs including Gamma Iota

Sigma Chapter at BGSU

Announcing Our New Insurance Programs to Launch this Fall

Dr. Bae speaks to insurance professionals during the insurance

program development meeting in Spring 2014

Lunch break at the David J. Joseph Company Business Hub

during the insurance program development meeting

5

FMS Club Report

The Financial Man-

agement Society is

off to another

good academic

year. Approxi-

mately 35 students

have joined the

organization for

this year. In the Fall semester, rep-

resentatives from Owens Illinois,

Owens Corning, and Marathon Pe-

troleum visited and spoke to the

students about various career op-

portunities with their companies. In

each case, alums from the College

of Business were the presenters. In

addition to these Fortune 500 com-

panies, we also had Ms. Erin Flower,

CFP, present about Financial Plan-

ning as a career choice. Erin gradu-

ated in 2000 with a specialization in

Finance. It is always great to have

alums come back to campus and

speak with the current students – we

all appreciate your willingness to do

so.

FMS Annual Trip

Dayton Rise Conference

In March, FMS Members attended the conference designed for students in the field of

investing from all over the world. The first day featured a series of addresses and

roundtable discussions involving some of the most influential people in the world of

investing and finance. The second and third days featured breakout sessions in a wide

variety of subjects.

Advisor-Dr. Klein

FMS Officers

President-

Landon Drewes

Treasurer-

Amanda Freedman

Secretary-

Quentin McKinnon

Dean’s Advisory Council-

Jacob Kinsey

Members of FMS join guest speakers: Janet Gerken, Jason Broerman, and

Sean Palmer from Marathon Petroleum.

6

Student Success

Congratulations go to a BGSU Fi-

nance student team advancing to

the finals and winning third place

at the International Association of

Registered Financial Consultants

(IARFC) National Plan Competition.

Dana Kaufman, Liz Kevorkian, and

Becca Smoody presented their

comprehensive personal financial

plan based on uniform sample da-

ta given by the IARFC. They were

one of three teams selected to

compete at the national level in Las

Vegas, Nevada in March 2014.

Teams competed in the semi-final

round presented via Webcam and

were judged on professionalism,

teamwork, understanding of the

client’s needs, presentation and

restatement of the issues, recom-

mendations and ability to defend

their position. BGSU had a second

team of students qualify for the

semi-final round that included Ty-

ler Beck, Brett Mohler, and Chris-

tian Piazza as pictured above.

Both BGSU teams were coached by

finance instructor Matthew Gar-

row.

Finance Team Wins Third Place in National Plan Competition

Pictured back left is Tyler Beck, Bret Mohler, Dean Braun and Christian Piazza.

Front row is Becca Smoody, Advisor Matt Garrow, Liz Kevorkian and Dana Kaufman.

Congratulations

to

Dana Kaufman,

Liz Kevorkian

and

Becca Smoody

for winning third

place at the

International

Association of

Registered

Financial

Consultants

(IARFC)

National Plan

Competition in

March 2014.

7

See What Our Students Are Saying-FIN 2000 Stock Market Game

“Invaluable experience”

By Mollie Mason

The stock market is risky and unpre-

dictable, which is something that I had

to become accustomed too. I learned

that my performance on any given day

does not always necessarily affect my

future performance. I became con-

cerned when my ranking within the

game significantly dropped, but I pa-

tiently waited for the market to recover,

and I am now currently on the upswing.

My participation in the stock game has

proven to be an invaluable experience.

I am learning the ins and outs of the

stock market. I am grateful for the op-

portunity to educate myself now, so

that I can actively invest upon gradua-

tion. I enjoy how the game operates

based off of current activity because it

allows me to gain a real-world perspec-

tive. I am using the same strategies

and techniques to participate in the

game now as I would if I was actually

investing in the NYSE.

“Life changing”

By Ron Bogdanowicz

In the end the stock market game is a

great game that has taught me a lot.

It’s actually life changing on my mind

about what I think about stocks. Also

after learning about stocks I have a

better knowledge on the economy and

how everything comes around and af-

fects the market. Everyone should play

the stock market game because in the

end everyone’s opinion will change

about stocks.

“Enjoyed so much I created

my own to continue….”

By Jared Lamb

The game is very simple and easy to use,

there is a home page for each individual

and it tracks everything important to

each person. It tracks an individual’s net

worth, overall gains, overall returns and

today’s gains.

Market Watch has been a great experi-

ence in learning how to properly buy

and sell stocks. I am now interested in

learning more about how the stock mar-

ket works and what I need to do in my

future of investing. I enjoyed this game

so much that I created my own so that I

can continue to learn and research dif-

ferent techniques in investing in the

stock market.

“Great hands-on”

By Andrea Hendricks

To me and the other students, the stock

game is a great hands-on learning expe-

rience. It gives me a first-hand look at

what it is really like to invest. I ‘ve always

believed that one of the best ways to

learn is to actually do. The stock game

has showed me what types of stock are

good investments and what aren’t. Not

only is the game helpful, but it encour-

ages players to do outside research that

not only furthers their involvement with

the game but also get them tuned into

what is going on in the real world around

them. The economy affects everyone,

and this game is a great way to research,

learn about investing, learn about busi-

ness performance, and become educated

about finance.

“Powerful tool”

By Micah Marra

This stock market game is a very inter-

esting and powerful tool we are using

in class. Most of us students have had

no experience in the stock world.

We have learned about it in class but

never actually had an opportunity to

get in there and invest and learn about

the stock market. This game allows us

to see exactly what it is like in the real

world. I personally have learned a ton

from this game. Some things that I

have learned are very beneficial and

there are some things that I have

learned to never do again. My ap-

proach to this stock game was to pick a

few very safe stocks and invest moder-

ately in them. I then invested heavily in

high risk stocks which I am learning

now was a very bad mistake. I did very

well starting off and was in the top

three and then in a matter of hours I

was in the lower percentage of the

class. I think this was a great idea for

the class and I think I will continue

playing after the class is over.

“We need to be aware”

By Diane M. Schimming

I have enjoyed the game because it has

helped me to determine how I want to

set up my portfolio based on life and

how I want to invest. Even though we

are only playing for a month, it has

helped me to realize that in real life my

portfolio will have ups and downs but

by reviewing my investments and not

reacting to the market my investments

will gain over time. It teaches you that

we need to be aware of everything go-

ing on in the news and the world.

8

Student

Managed

Investment

Fund /(SMIF)

By Dr. Daniel Klein, advisor

Students who are participating in

the Student Managed Investment

Fund are in the process of analyz-

ing a specific company in their

selected S&P industry, and pre-

paring to make a presentation on

that company, with the purpose of

the presentation being to make a

recommendation to buy, sell, or

hold the stock.

There are currently 5 students

participating in the Fund. Compa-

nies being analyzed include Dia-

mond Offshore, Deere, Zimmer

Holdings, Ford, and IBM.

Currently, the value of the Fund

s i t s a t a p p r o x i m a t e l y

$365,000. The Fund was begun in

2006 with a cash infusion of

$250,000 from the BGSU Founda-

tion. It survived the financial crisis

of 2008-09, when it reached a low

of $168,000, and is sitting now at

its highest level since 2006.

Students have been making good

use of the Finance Lab, our 3-year

old lab that holds 12 Bloomberg

computers.

What Students Are Saying, cont. and Investment News

Real Estate Tax Lien

Certificates By J. Michael Galbraith, MBA

Interesting and lucrative invest-ment vehicles which are relatively unknown to many investors yet have existed for many years are real estate tax lien certificates. Each State of the Union has laws which govern how real estate tax-es are collected. In States which use a tax lien mechanism, county governments issue real estate tax lien certificates when an owner of real estate becomes delinquent in making real estate tax payments. The purchaser of the lien essen-tially steps in and pays the delin-quent taxes so the county in ques-tion can continue funding its nor-mal activities. In exchange, and in accordance with State law, the county grants the purchaser a first

priority lien on the property in ad-dition to penalty interest which accrues to the lien holder. This penalty interest rate is usually in the 15 to 18 per cent range, but can be as high as 24 per cent as is the case in Iowa for example. If the property owner chooses to redeem the tax lien, or if the prop-erty is sold, the lien holder re-ceives, as payment, his initial prin-cipal outlay plus accrued penalty interest. If the tax lien has not been redeemed after a legally de-termined wait period, the tax lien holder has the right to seek title to the underlying property. Investing in real estate tax lien cer-tificates can be very lucrative but, as with any investment, there are pitfalls and it is very important that anyone considering such an investment should exercise consid-erable due diligence.

http://www.business.bgsu.edu/finance

“Out of classroom learning”

By Micah Marra

Stocks are a very unpredictable finan-

cial instrument, but also can make

great amount of profits if traded at the

right times. The course of Finance

2000, and more specially the stock

competition has been very interesting

and hands on learning. I have enjoyed

this game greatly not only due to the

competition aspect, but because it is

provoking out of the classroom learn-

ing. Students must research and plan

to do well within the game. This out-

side learning is developing better in-

vestors, since they may find success

within the game which turns into confi-

dence to invest safely. The stock mar-

ket game will give these students, like

myself, a safe and intellectual way of

watching their money grow.

9

Faculty and Staff Information and Publications

Sung C. Bae, Ph.D.

(University of Florida, 1987); Chair, Professor; Corporate Finance, Personal Financial Planning.

bae@bgsu.edu

J. M. Galbraith, MBA

(BS Economics, Buck-nell 1974; MBA, BGSU, 2011); Adjunct Faculty; Personal Financial Planning.

jgalbra@bgsu.edu

Daniel P. Klein, Ph.D.

(University of Kansas,

1989); Associate Pro-

fessor; Corporate

Finance, Investments.

dklein@bgsu.edu

Liuling Liu, Ph.D.

(Rensselaer Polytech-

nic Institute 2013);

Assistant Professor;

Business Finance,

Financial Markets.

liulinl@bgsu.edu

Mingsheng Li, Ph.D.

(University of Mem-

phis, 2002); Ashel G.

Bryan/Huntington Bank

Associate Professor;

Financial Modeling,

International Finance

mli@bgsu.edu

John F. Reing, MBA

(George Mason Uni-

versity, 1974); FT

Instructor; Entrepre-

neurial Finance, Insur-

ance & Retirement

Planning

jreing@bgsu.edu

Finance Department

welcomes:

J. Michael Galbraith spent nearly

30 years working in the financial

markets in London and has broad

knowledge in the world of interna-

tional and domestic finance. When

he returned to NW Ohio in 2003, he

spent six years as a financial advisor

for one of the large financial net-

work companies. In 2011, he set up

and now manages a fund which

invests in real estate tax lien certifi-

cates. Mr. Galbraith teaches Per-

sonal Financial Management.

Sheri Eddington joined the depart-

ment as Secretary in October 2014.

She likes all of the different aspects

of supporting the department. She

lives in Bowling Green with her hus-

band and two of her six children.

Sheri enjoys in singing in the BGSU

Choral Society.

Publications 2014

Bae, Sung C., Byung-Uk Chong, and Yuna Kim, ““Informational Frictions, Syndicate Structure, and

Loan Pricing: New Evidence from International Syndicated Lending.” Asia-Pacific Journal of

Financial Studies 43 (2014), 124-155.

Xiao Jun, Mingsheng Li, Jing Shi, “Volatile Market Condition and Investor Clientele Effects on Mu-

tual Fund Flow Performance Relationship,” Pacific-Basin Finance Journal, forthcoming.

He, Xi, Minsheng Li, Jing Shi, Garry Twite, “Why do firms pay stock dividends: is it just a stock split?

Australian Journal of Management, forthcoming.

Mingsheng Li, Xin Zhao, 2014. “Impact of leveraged ETF trading on the market quality of compo-

nent stocks,” North American Journal of Economics and Finance, forthcoming.

Jun, Xiao, Mingsheng Li, Wu Yan, and Rui Zhang, 2014. “Flow-performance relationship and star

effect: new evidence from Chinese mutual funds,” Emerging Markets Finance & Trade, com-

ing.

Jin, Dawei, Jianghui Liu, Liuling Liu, and Desheng Yin, “Competition and profit hiding: evidence

from banks in China," Managerial Finance 40 (2014), No.10, 1040-1051.

Publications 2013

Bae, Sung C., Kiyoung Chang, Hoje Jo, “Long-Run Stock Return and Operating Performance of

Underwriter Warrants: Evidence from Seasoned Equity Offerings.” International Review of

Finance 13 (December 2013), Issue 4, 473-501.

Bae, Sung C., Kiyoung Chang, and Doseung Kim, “Determinants of Target Selection and Acquirer

Returns: Evidence from Cross-Border Acquisitions.” International Review of Economics and

Finance 27 (2013), 552-565.

Bae, Sung C., Taek Ho Kwon, “Asymmetric Foreign Exchange Exposure, Option Trade, and Foreign

Currency Denominated Debt: Evidence from Korea.” Asia-Pacific Journal of Financial Studies

42 (2013), 314-339.

Filbeck, Gret, Mingsheng Li, Xin Zhao, 2013. “Performance of the Contrarian Strategy after Extreme

Market Movement,” Journal of Investing 22 (fall, No 3), 53-65.

10

Dr. Bae received the CBA Robert A. Pat-

ton Scholastic Achievement Award for

his research accomplishments in August

2014, making it his fifth time to be hon-

ored with this award. He was also award-

ed a CBA Summer Research Grant this

June. He (and his co-authors) presented

five research papers at international and

national conferences, of which three arti-

cles appeared in the Conference Pro-

ceedings. He was also invited to organize

a panel session on “Business Groups and

Value Creation” and serve as session

chair at the 2014 KAFA International Fi-

nance Conference in August. He current-

ly serves on the editorial board of eight

academic journals and two international

research centers.

Dr. Klein serves as Instructor/Advisor for

the Student Managed Investment Fund,

as Advisor to the Financial Management

Society, and as Liaison with Career Ser-

vices for Internships for students. He

continues to teach in the Investments/

Corporate Finance areas, both at the

undergraduate and graduate levels. Dr.

Klein is President of the Wealth Manage-

ment Society of Northwest Ohio. He

lives in Perrysburg, Ohio with his wife,

Linda Bowyer (retired Finance Professor

at the University of Toledo). He is a first-

time grandparent, his grandson being

born to his son and daughter-in-law in

early December, 2014. Dr. Klein will be

retiring as a full-time faculty member at

BGSU at the end of May, 2015.

Dr. Li was newly appointed to the Ashel

G. Bryan/Huntington Bank Professorship

starting this fall for a three-year term. He

also received a CBA Summer Research

Grant this June. He teaches FIN3000,

FIN4100/MBA5530, and FIN4550/

MBA5520 and is working on a few re-

search projects on mutual funds, IPOs,

and price co-movement. He serves an

editorial board member of two journals:

Accounting and Finance Research, and

International Journal of Bonds and Cur-

rency Derivatives. In the past two years,

he helped the College of Business estab-

lish a joint program of BSBA Business

Analytics with Tianjin Polytechnic Univer-

sity (TPU) in China. The program recruit-

ed 90 students from China Fall 2014 and

expects to recruit about 90-100 students

each year.

Dr. Liu published one paper and re-

ceived Revise and Resubmit for another

three papers in 2014.

She was invited as reviewers for several

academic journals. She also serves as

Coordinator of the Department Finance

Workshop Series in our Department of

Finance.

Her paper entitled “Financial Contracts:

Banks versus Banks” was presented at

several central banks, including the Cen-

tral Bank of Finland, the Central Bank of

Serbia, and the Central Bank of Turkey.

Her paper “Bank Credit Default Swap and

Deposit Insurance around the World”

was presented in the Indonesian Deposit

Insurance Corporation and the Korean

Deposit Insurance Corporation.

Mr. Reing worked with the committee

to review the feasibility of bringing an

Insurance program back to BGSU. We

engaged industry leaders and developed

a curriculum for the program.

After two meetings with the industry

leaders we had the support of the facul-

ty, industry and Administration on this

program. In 2015 BGSU will offer the

program for Business students as well as

a minor for non business students.

Faculty Updates and New Finance Advisory Board

We are extremely grateful to the

Members of our newly expanded

2015 Finance Advisory Board.

Dennis R. Adams-President/CEO

American Mutual Share Insurance Cor-

poration

John E. Bowen-Director

Cantor Fitzgerald & Company

Daniel Burke-Portfolio Manager

Abbot Downing

William Charters-Founder

Sabal Capital Management

Timothy M. Egloff-VP, Healthcare

Banking

Fifth Third Bank

Brendan L. Foley-Managing Principal

Wells Fargo Advisors Financial Net-

work

Garrett Gabel-Sr. Finance Director

Avery Denison Corporation

Rhonda Lynn Melchi-Treasurer

Bowling Green City Schools

Bruce K. Misamore-CFO and Member

Yukos Oil Company

MacArther R. Plumart-President

MRP Capital Investments

Jared A. Poff-VP & Treasurer

Big Lots, Inc.

Neil W. Roache-Managing Director,

Public Markets

Exelon Corporation

11

Event Photos-2014 Finance Graduating Senior Reception

The 2014 Finance Graduating Senior Class with faculty and staff

at the Finance Graduating Senior Reception in April 2014

12

Event Photos - Fall 2014 Finance Open House

Students visit the Fall 2014 Finance Open House

Dr. Li and Dr. Klein with students at the Fall 2014

Finance Open House

Students enjoy lunch at the Fall 2014 Finance Open House

Dr. Bae chats with students at the Fall 2014 Finance Open House.

13

Event Photos

Guest Speaker Tony Blanchard, Managing Director at Deloitte Corporate

Finance, is thanked by Dr. Bae at the Spring 2014 Finance Speaker Series Spring 2014 Finance Speaker Series

Finance faculty with Finance alums

at the Fall 2014 Homecoming Tent

Finance faculty with Bruce Misamore

at the Fall 2014 Homecoming Tent

Dr. Li presents “Distance Based Priced Co-movement” at a Finance

Workshop Series event in Spring 2014.

Alumni Update/Donor FormLET US HEAR FROM YOU…We enjoy hearing from our alumni. Please let us know what you have been doing, and help us keep our mailing list up to date. If desired, you may enclose a donation to the Department with your submission.

Name ___________________________________________ Maiden Name ____________________________

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Employer Location: City/Province_____________________ State ____________ Country _______________

News about you that we may print in the next newsletter or include on the website? _____________________

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Comments or suggestions for this newsletter? ____________________________________________________

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WE DEPEND ON YOU…Your check made payable to “BGSU Foundation–Department of Finance” is a tax-deductible contribution. If your employer has a policy of matching employee gifts to universities, the amount contributed will double. To donate using your credit card, please visit or click on this URL:  http://tinyurl.com/financedonations  

Please apply the amount enclosed $______________ to (check one):

Finance Alumni Book Scholarships Departmental student-related activities Departmental operating needs New Scholarship in honor of ____________________________

If you prefer not to submit your updates online, you may save and print the completed fillable form, or complete by hand and return the form by faxing it to 419-372-2527 or mailing it to: Department of Finance, 201 BA Building, College of Business Administration Bowling Green State University, Bowling Green, OH 43403

Thank you so much for your continued support of the Finance program at Bowling Green State University!