DELVIN
D. HAWLEY, Ph.D.
Senior Associate Dean
Associate Professor of
Finance
The
dhawley@bus.olemiss.edu
320 Holman Hall (662)
915-5496 Voice
Education
Ph.D., Finance (1987)
Minor
Fields: Accounting, Economics,
Statistics
Management Information Systems
Dissertation: Industry-Specific Characteristics of
Cyclical Variations
in the
Yield Structure of Corporate Bonds.
M.B.A. Finance (1982)
B.S. Psychology (1976)
Research Interests
Valuation
of investments and businesses under uncertain conditions. Valuation
of internet businesses. Factors influencing bond risk premiums. Event-study methodology applications for corporate bonds. Artificial intelligence applications in financial analysis and
financial management.
Teaching Interests
Corporate
Finance, Investments, Financial Modeling; Graduate and Undergraduate.
Strong interest in the
development of courses at all levels which provide extensive practical
experience in the use of microcomputer tools to extend and enhance the decision
environment of financial managers. Extensive experience in the integration of practical computer
instruction and usage throughout the finance curriculum.
Academic Experience
Senior Associate Dean
(8/01 – Present)
Associate Dean for
Administration and MBA Program Director (7/98 – 8/01)
Associate Dean and MBA
Program Director (2/93 - 6/98)
Acting Associate Dean
and MBA Program Director
(7/92 - 2/93)
Chief
Operating, Financial, and Information Technology Officer for the School and
Director of the MBA Program. Major accomplishments include coordination of
the reengineering of the MBA Program, heavy involvement in all aspects of the
design and construction of the Business/Accountancy Building Complex, and the
implementation of major improvements in the human and technological
infrastructure of the School. Supervise most non-faculty professional and
clerical staff within the School.
Associate Professor of
Finance (5/92 - Present)
Assistant Professor of
Finance (8/86 - 5/92)
Typical Teaching assignments:
MBA 601: MBA Business Foundations
MBA 622: Business Planning and Entrepreneurship
FIN 634: Corporate Financial Management
Total teaching
experience: 18 years
Business Experience
More than 10 years of
retail management experience with supervisory, purchasing, merchandising, and
budgetary responsibilities.
Publications
Balasundram Maniam
and Delvin D. Hawley, “Application of Artificial
Neural Systems as an Event Study Methodology: An Empirical Investigatiton,”
Academy of Information and Management Sciences Journal (2001,
Forthcoming) Received the Distinguished Researcher Award at the Allied
Academics Spring 2000 national conference.
Delvin D. Hawley and O. Felix Ayadi, “The Valuation of Exchangeable Securities: A
Pedagogic Approach,” The Journal of Business and Management (Summer, 1997)
John D. Johnson and Delvin D. Hawley, "Artificial Neural Networks: Past,
Present and Future. An
Overview of the Structure and Training of Artificial Learning Systems". Lead article in the first edition of Advances
in Artificial Intelligence in Economics, Finance and Management, (1994,
Volume 1)
Delvin D.
Hawley and M. Mark Walker. "Speculative Grade Bonds, Agency Ratings,
and the Investment Decision Process: A Survey of Institutional Money
Managers". Financial Practice
and Education (Fall, 1993)
D. Hawley and M. Walker,
"An Empirical Test of Investment Restrictions in the High Yield Debt
Market," The Financial Review (May 1992). An abstract of this article was published in
the CFA Digest, (Fall 1992) p. 68. This paper was cited and abstracted
in The CFA Digest (Fall 1992) and was reviewed in Extra Credit: The
Journal of High Yield Bond Research (January/February 1993), a Merrill
Lynch research publication, edited by Martin S. Fridson.
Delvin D. Hawley, John D.
Johnson and Dijjotam Raina,
"Artificial Neural Systems: A New Tool for Financial Management," Financial
Analysts Journal (Nov/Dec 1990). Also reprinted in Neural Network Applications in Investment and
Financial Services, edited by Efraim Turban, Probus Publishing (1992).
Delvin D.
Hawley.
"Modern Financial Theory and Business Ethics Education in the Finance
Curriculum: An Abdication of Responsibility". Journal of Business Ethics 10(Nov.
1991) pp. 711-721
Delvin D. Hawley,
and R. Phil Malone. "The
Relative Performance of Duration in the Capital Budgeting Decision
Environment". The Engineering Economist (Fall 1989)
Delvin D.
Hawley and Larry J. Johnson. "An
Efficient Algorithm for Calculating Yields and Durations," The Journal of Applied
Business Research 5 (Winter 1988-89) pp. 45-51.
Presentations at National Meetings
Balasundram Maniam
and Delvin D. Hawley, “Application of Artificial
Neural Systems as an Event Study Methodology: An Empirical Investigatiton,”
Received the Distinguished Researcher Award at the Allied Academics Spring 2000
national conference.
Sanjay Jain, Delvin D. Hawley, and M. Mark Walker, “An Empirical Test of Investment Restrictions, Bond Rating Changes and Efficiency in the High Yield Debt Market”, Southern Finance Association Annual Meeting, 1997.
Balasundram Maniam, Delvin D. Hawley, and John D. Johnson, "The Development
of an Artificial Neural System for Event Study Applications", FMA Annual Meeting,
1993.
Robert E. Dorsey, Delvin D. Hawley and John D. Johnson, "The Development
of an Unrestricted Returns Generating Model for Common Stocks Using an
Artificial Neural Network", ORSA/TIMS, 1991
Delvin D. Hawley and M. Mark
Walker, "An Empirical Test of Investment Restrictions and Efficiency in
the High Yield Debt Market,"
Amitava Chatterjee, Bala Maniam, and Delvin D. Hawley. "German Reunification's Effect on the
American Stock Market,"
Amitava Chatterjee, K. P. Sridharan, and Delvin D. Hawley.
"Market Anomalies Revisited," Eastern Finance Association, 1991.
Delvin D. Hawley,
and R. Phil Malone. "Duration
Measures and the Capital Budgeting Decision Making Process," Financial Management Association,
1987.
Dissertation Participation
Sanjay
Jain. “An Empirical Test of Investment Restrictions, Market Structure Changes, NRSRO
Hypothesis, and Efficiency in the High Yield Debt Market,” (1997 - Ph.D.
Finance) Committee chair
Rebecca
Su Hee Cho. “The Comparison
of Corporate Policy Choices Between the U.S. and
Japanese Firms under the Agency Framework,” (1995 - Ph.D. Finance) Committee
chair
Linda
J. Jones. "A Comparison of the
Effects of Computer-Assisted Instruction Using LOGO and Prescription Learning
on the Achievement and Attitude of 2nd Grade Students," (1995 - Ph.D.
Education) Outside member of committee
Bala Maniam.
"The Development and Testing of an Artificial Neural System for Event
Study Applications,"
(1992 - Ph.D. Finance) Committee chair
Olesegun Ayadi. "Stock Market Volatility, Fads, and
Bubbles in the Nigerian Stock Market," (1991 - Ph.D. Finance) Committee chair
Chiming Wu. "Stock Volatility, Macroeconomic Series,
and Firm Characteristics: A VAR Analysis Across Stock Portfolios,” (1991 - Ph.D.
Finance)
Kwokfai Matthew Wong. "Stock Returns, Monetary Aggregates, and
the Real Sector: A VAR Analysis Across
Leading OECD Nations,"
(1990 - Ph.D. Finance)
Cyrill Pat Obi, Jr. "OPEC
Meetings and Capital Market Relations: Empirical Tests and Essays on Oil Price
Volatility and Returns Behavior in the Commodity Market for Crude," (1989
- Ph.D. Finance)
Other
Professional Activities
Ad hoc reviewer for Financial Management, The
Financial Review, and others.
Expert witness in more than 15 legal cases for the valuation
of economic loss from injury or death.
Reviewer/editor
for Allen Resources, a commercial vendor of study materials for the Certified
Financial Analyst (CFA) exam..
Authored
spreadsheet software instruction package to accompany Cases in Financial
Management by Sulock and Dunkleberg,
John Wiley Publishers (1992)
Authored
spreadsheet software instruction package to accompany the Ross/Westerfield/Jaffe, Corporate Finance, Richard D. Irwin Publishing. (2nd Ed.,
1989. 3rd Ed.
1992.)
Authored
test bank for Cooley and Roden, Business Financial
Management, The Dryden Press, 1987.
Serve
as textbook and ancillary reviewer for Macmillan Publishing, West Publishing,
Irwin Publishing, Harper Collins Publishing, Addison Wesley Publishing,
Prentice Hall Publishing, John Wiley & Sons Publishing, McGraw Hill
Publishing, The Dryden Press, Times Mirror/Mosby
College Publishing, and several others over a 19-year period.
Honors/Recognitions
2000
Allied Academics Distinguished Researcher Award
1994-95
MBA Association Teacher of the Year
1989
and 1991
Service
Committees/Activities (Partial List – Most recent 5 years)
MBA
Program Revision Committee Chair 1993-1997
MSSM
Program Curriculum Development Committee 1994-1997
MSSM
Graduate Coordinators Committee 1997-Present
Business/Accountancy
Building Complex Planning Committee Chair 1992-1998
Business/Accountancy
Building Complex Construction Coordinator 1996-1998
Hearin Support Foundation
Grant (wrote proposal, write annual reports, managed budget, wrote proposal for
extension) 1996 to present
Other
grants (wrote approximately ten grant proposal in addition to Hearin Grant)
Staff
Recruiting Committee Chair (three IT managers, Coordinator for Communications,
Coordinator for MBA Administration, Coordinator for MBA Career Planning, Staff
Writer, Senior Secretary)
Executive
Committee
Finance
Faculty Committee
MBA
Faculty Committee
Commencement
Committee
UM
Committee
to explore ways to increase UM doctoral production 1999
Committee
to explore ways to reduce graduate tuition waiver expenditure 1999
Sesquicentennial
Planning Committee 1997