LSU Department of Finance

Department of Finance faculty, staff, and PhD candidates gathered to bid farewell to Associate Professor Haitao Mo, who will join the faculty at the University of Kansas this fall. Best of luck, Haitao.

Would you like to advance your real estate career? Are you considering entering the real estate development field? Join the ULI Louisiana this spring for the Real Estate Diversity Initiative (REDI). REDI is a comprehensive, 15-session curriculum designed to advance the real estate careers of professionals of color and women. Thirty participants step into the role of a real estate developer, gaining direct knowledge and experience working in teams to produce a development plan, pro-forma, and marketing plan for a real project.

The Department of Finance is a program partner of the Urban Land Institute, and Senior Instructor Brian Andrews leads the finance-related instruction of the REDI program.

https://louisiana.uli.org/get-involved/redi/

Students, make plans to join us for Commercial Banking Career Connections. You can speak with representatives from B1 BANK, Home Bank, Hancock Whitney, Investar Bank, Federal Deposit Insurance Corporation, Louisiana Office of Financial Institutions, U.S. Comptroller of the Currency, and Regions Bank.

Stop by the BEC Rotunda tomorrow between 10:30 a.m. - 1 p.m. to explore career opportunities.

We are proud to share this timely research from Assistant Professor Dimuthu Ratnadiwakara and Buvaneshwaran Venugopal, University of Central Florida.

Climate risk perceptions and demand for flood insurance The demand for flood insurance is low when the frequency and severity of flood disasters are increasing due to climate change. We show that beliefs about climate change influence homeowners' choice a...

Tens of thousands of Louisianans are searching for coverage as insurance companies withdraw from the state and rates skyrocket. Professor Rajesh Narayanan spoke to WAFB Channel 9 about what the crisis means for the state and potential solutions, including individual grants and subsidies for home insurers.

La. in crisis mode over fallout from insurance companies making mass exits Over the last few years, more than 20 companies have either withdrawn coverage from the state of Louisiana or have gone under.

Assistant Professor Dimuthu Ratnadiwakara's work has life-changing potential. We are incredibly proud.

New research from LSU and Harvard shows millions of people could gain access to credit if lenders used AI and alternative data. Smarter underwriting algorithms would especially benefit recent college graduates and young people with short credit histories as well as people with low or no credit scores.
Read more: https://lsu.edu/mediacenter/news/2022/09/wfl_lending.php
LSU Research LSU E. J. Ourso College of Business Harvard Business School

The Commercial Banking Student Association (CBSA) at LSU will help students find their passion in commercial banking. A part of the Commercial Banking Initiative, the CBSA will complement classroom lessons with experiential learning through internships, mentorships, scholarships, competitions, and other industry engagements.

Learn more about plans for this new student organization on Tuesday, Oct. 18 from 6-7 p.m. in BEC 1225. Refreshments will be provided. Questions may be referred to Brian Andrews - [email protected].

LSU E. J. Ourso College of Business students, Kaitlin Jones ‘24, Ashlynn Sorrells ‘23, and Jack Urbanek ’24, are interning at Varadero Capital, L.P. in New York City. Their work involves investment opportunities in diverse asset classes, including commercial real estate, residential real estate, commercial finance, consumer finance, and corporate credit.

Founded by LSU alumnus Fernando Guerrero, Varadero is a $2bn value-driven alternative credit manager focused on investing in asset-based specialty finance and structured credit opportunities. The firm's chief operating officer and chief compliance officer, Mike Linn, is also an LSU business graduate.

LSU Department of Finance LSU Flores MBA Program

Department of Finance Senior Instructor Brian Andrews spoke at the Cortana Kiwanis of Baton Rouge meeting on June 23. Andrews shared his knowledge on the state of the Greater Baton Rouge residential real estate market with the group.

Andrews, pictured below with Patricia Anderson, President-Elect of Cortana Kiwanis Club, and Chuck Morgan, a trustee of the LaMissTenn District and a past Kiwanis Lt. Governor, appreciated the opportunity to speak in the Baton Rouge community.

"It was an honor to speak to this group of Baton Rouge citizens and business people. The Department of Finance wants to be involved in the community and I appreciate the invitation to share what we are learning at LSU with local stakeholders," commented Andrews.

This spring 31 students participated in the Venture Capital Apprentice Program, a project that provides LSU students with real-world experience and networking opportunities. High-growth Louisiana companies are matched with students who provide finance, accounting, and market research support.

VCAP was created by Nexus Louisiana, Innovation Catalyst and the Red Stick Angel Network in collaboration with the E. J. Ourso College of Business. Also participating in this cohort were business consultants from LSU’s Innovation Park.

Thirty-one Students from the LSU E. J. Ourso College of Business Complete the Fourth Cohort of the Venture Capital Apprentice Program BATON ROUGE — Thirty-one students from the LSU E. J. Ourso College of Business completed the fourth cohort of the Venture Capital Apprentice Program (VCAP), a project formed by NexusLA, Innovation Catalyst, and the Red Stick Angel Network in collaboration with the E. J. Ourso College of Business. ...

We thank Jimmy Maurin and Roger Ogden for allowing our students to learn and network at ICSC Vegas 2022.

Stirling Properties is helping to shape the future of the CRE industry! Through the ICSC LSU E. J. Ourso College of Business Scholarship Award—funded by Jimmy Maurin & Roger Ogden, founders of Stirling Properties—these students received all-expense-paid attendance to ICSC 2022 Las Vegas, the world’s largest retail real estate convention. They participated in business meetings and received valuable exposure to industry leaders and potential employers. 🏆

Connect with us at ICSC 2022 Las Vegas
May 22-24
Stop by our booth: Central Hall - 3887
We look forward to talking with you.

Spring Commencement LSU Spring Commencement Schedule of Events.

Let's connect at the Louisiana Bankers Convention & Exposition in New Orleans on May 18-20. In addition to stopping by our booth (57), make plans to attend Professor Rajesh Narayanan's cryptocurrency presentation in the Evangeline Room at 4:15 p.m. on Wednesday, May 18.

Have you accepted a job or admission to grad school? Maybe you are still looking for the perfect opportunity? Take the Graduating Student Survey before graduation to tell us your status. Plus, you’ll be entered for a chance to win a $250 Amazon gift card if you take the survey by May 31!
https://bit.ly/3FIoB5K

Tonight! The Department of Finance Commercial Banking Initiative will host a movie night with a screening of "The Big Short" in the BEC Auditorium at 6:30 p.m. All business students are welcome to attend. Sponsored by b1BANK.

What are you doing after graduation?

Let LSU know your next steps after May 🎓

Take the quick First Destination Student Survey with the link below ⤵
https://joinhandshake.com

Stop by one of our tables to take the survey and get a chance to win prizes!

Tuesday → 10:30-2:30 (Free Speech Alley)
Wednesday → 2:00-4:30 (Free Speech Alley)
Thursday → 10:30-2:30 (The Quad)

Tuesday (4/26) → 10:30-2:30 (College of Business)
Wednesday (4/27) → 2:00-4:30 (The Quad)
Thursday (4/28) → 10:30-2:30 (Patrick F. Taylor)
→ 4:30-6:30 (Behind Woodin Hall)

The Department of Finance Commercial Banking Initiative will host a movie night with a screening of "The Big Short" in the BEC Auditorium next Wednesday 4/20 at 6:30 p.m. All business students are welcome to attend. Sponsored by b1BANK.

Congrats, Elliott! We can’t wait to hear your pitch next week.

We are excited to announce the finalists for the J Terrell Brown Venture Challenge to be held at the Business Education Complex next Wednesday, April 20.

Chckup
Student Founder: Elliott Greenwood, LSU Department of Finance
Chckup reduces friction and increases customer conversions for appointment bookings through our two-sided platform for vet clinics and pet owners.

Guise Medical LLC
Student Founders: Zachary Connelly and Ross Rieger LSU Health Shreveport
Patent-pending Med Pal covers aim to alleviate the stress of needles at medical visits for kids.

Vibrant Entertainment Group
Student Founders: Hunter Juneau ('21 BA Geography LSU College of Humanities & Social Sciences) and LSU Flores MBA Program students Blake Ducoing and Emily Rose
Vibrant provides start to finish event planning while ensuring a smooth-flowing, stress-free, and overall memorable event. We handle all coordination and ex*****on between artists, venues, and consumers of all kinds.

The public is invited to cheer on these student-entrepreneurs as they pitch for a share of $30,000. That's right! We were able to increase the prize pool thanks to a generous gift from the J Terrell Brown family.

Wednesday, April 20 | LSU Business Education Complex Rotunda
5:30 p.m. Doors open for networking.
6: p.m. Pitches begin.

RSVP https://conta.cc/3JpflE4

The J Terrell Brown Venture Challenge is held by the Stephenson Entrepreneurship Institute.

Summer session begins on Monday, May 23. If you plan to take classes this summer, please log in to your myLSU account now to complete your registration and/or pay your fees. This will help to ensure course availability. https://bit.ly/3r77Knl

The following is a current list of summer courses available in the Department of Finance. For more information, visit the LSU course offerings page, the course search page, or consult your academic advisor.

Principles of Finance (FIN 3716)
Fundamentals of Corporate Finance (FIN 3717)
Fundamentals of Asset Management (FIN 3826)
Undergraduate Internship in Finance (FIN 3930)*

*You should have a paid internship in finance to enroll in this course. If you need additional information, email [email protected].

appl101.lsu.edu

Applications for 2022-23 scholarships are due today. After reviewing the opportunities for business students, complete the application in Blackbaud Award Management. To access Blackbaud Award Management, log on to your myLSU account and look for the Financial Services option in the left navigation menu. Questions? Email [email protected] https://bit.ly/3z5a9BT

“Option momentum strategy, which buys past winning stock options and sells past losing stock options, can be very profitable, especially when investors take measures to diminish transaction costs. Since the performance of the strategy has little correlation with that of a typical stock strategy, money managers can consider adding option momentum strategy to their portfolios to deliver more outperformance and better diversification. Our findings also speak to the potential price inefficiency in the options market and should encourage investors to look for more opportunities in this market, “explained Department of Finance Associate Professor Haitao Mo about his forthcoming article in the Journal of Finance titled, "Option Momentum."

Money Managers Should Consider Including Option Momentum Strategy to Deliver More Outperformance BATON ROUGE- LSU Department of Finance Associate Professor Haitao Mo and PhD student Mehdi Khorram, along with three other co-authors, analyzed momentum strategy in the stock options market in their recent paper titled "Option Momentum," which was accepted and is forthcoming in the Journal of Financ...

Scott Patterson, finance grad and senior director of Microsoft Cloud, will give a dollar-for-dollar match (up to $500) when international donors give to the college today. We encourage all Tigers to show their support on https://geauxgive.lsu.edu/pages/e-j-ourso-college-of-business-landing-page

E. J. Ourso College of Business alumni can be found in every corner of the galaxy. Meet Beijing resident Scott Patterson (finance' 89). Scott works as senior director, Microsoft Cloud. Inspired by the legacy of opportunity LSU provides, Scott is providing a dollar-for-dollar match (up to $500) for every international donor who gives to the Dean's Excellence Fund on https://bit.ly/36ESBC7

We are honored by the generosity and vision of an anonymous alumnus and spouse who recently announced their intention to invest $250,000 to support faculty and graduate student research.

“This generous investment in the Department of Finance’s research capabilities is a signal event that represents the desire of alumni to elevate the LSU finance brand and the important role of research,” said Professor Rajesh Narayanan, chair of the Department of Finance. “Our faculty engage in research with graduate students to produce knowledge that is valuable to the industry and critical to a curriculum that stays relevant in the fast-moving world of finance. We are grateful for this investment and the opportunities it will create.”

https://bit.ly/3iau0I2

Mark your calendar for Commercial Banking & Commercial Real Estate Info Sessions for finance and pre-finance majors.

Learn about the commercial banking and commercial real estate career tracks and get questions answered by faculty and advisors before fall scheduling begins. Contact Brian Andrews ([email protected]) for more information.

Commercial Banking Career Track
Tuesday, March 22 11:30 am – 1:00 pm or 4:00 pm – 5:30 pm
BEC Dining Room

Commercial Real Estate Career Track
Wednesday, March 23 11:30 am – 1:00 pm or 4:00 pm – 5:30 pm
BEC Dining Room

Department of Finance Professor Don Chance, who also holds the James C. Flores Endowed Chair of MBA Studies, was the keynote speaker for the Southwestern Finance Association meeting at the Hilton Riverside in New Orleans on March 4. Chance's keynote titled “The Risk Management of Covid,” explained how he uses risk management principles to analyze the way in which Covid-19 was managed by federal public health authorities.

Chance used little-known data items collected from studies by the Centers for Disease Control and the New York Times to try and find an explanation of why the United States ranks in the 92nd worst percentile in the Covid-19 death rate. He found that certain obvious questions that would normally be asked by a risk manager were never asked or never answered.

Congrats to Department of Finance Associate Professor Haitao Mo and Department of Finance PhD Student Mehdi Khorram who recently received awards for excellence in research! Mo was awarded the Holt Harrison Faculty Award and Khorram the Outstanding Doctoral Student Award.

Department of Finance Associate Professor Haitao Mo and PhD Student Mehdi Khorram Receive Awards for Research Accomplishments BATON ROUGE- LSU Department of Finance Associate Professor Haitao Mo and Department of Finance PhD Student Mehdi Khorram recently received awards for excellence in research. Mo was awarded the Holt Harrison Faculty Award and Khorram the Outstanding Doctoral Student Award.

The sale or purchase of a home is the largest financial transaction for most households and can have a significant impact on household wealth. However, as LSU Department of Finance Assistant Professor Dimuthu Ratnadiwakara and his colleague show in a recent paper published in Management Science, when it comes to selling their homes, sellers exhibit behavioral biases and do not behave in a way that would maximize their wealth.

Are Home Buyers and Sellers Rational? Do They Exhibit Behavioral Biases? BATON ROUGE- The sale or purchase of a home is the largest financial transaction for most households and can have a significant impact on household wealth. However, as LSU Department of Finance Assistant Professor Dimuthu Ratnadiwakara and his colleague show in a recent paper published in Management...

We appreciate the generous support of Roy O. Martin III and Kathy Martin. In addition to fueling research, they will make it easier for LSU Alexandria alumni to pursue graduate degrees offered by the E. J. Ourso College of Business. This includes our on-campus MS Finance and MS Financial Economics degrees.

We are honored by the generosity of E. J. Ourso College of Business alumni Roy O. Martin III and Kathy Kilpatrick Martin. They have expanded their support for the college with a new $650,000 commitment to graduate scholarships and faculty research.

“Roy and Kathy are exceptional partners; we are deeply grateful for the opportunities they are creating for graduate students, faculty, and the state at large,” said E. J. Ourso College Dean Jared J. Llorens.

The Kathy and Roy O. Martin III Graduate Scholarship will encourage graduates from LSU Alexandria, the Martins’ hometown, to pursue graduate degrees in the Ourso College.

To help bolster research relative to LSU’s strategic priorities, the Martins have also established the Kathy and Roy O. Martin III Faculty Research Award. This fund will be available to Ourso College faculty and professionals-in-residence whose research explores topics such as renewable energy initiatives, improved health outcomes for the state, coastal restoration and sustainability, agricultural advancement and sustainability, data science, or artificial intelligence.

https://bit.ly/3hANzJj