Dr. Patrick J. Larkin
1200 Murchison Rd. Fayetteville, NC. 28301-4252(910) 672-1067 e-mail: [email protected]
Academic Positions Held
Professor of Finance (Tenured), School of Business and Economics, Fayetteville State University, August 2011 - Present.
Associate Professor of Finance (Tenured), School of Business and Economics, Fayetteville State University, August 2007 - July 2011.
Assistant Professor of Finance, School of Business and Economics Fayetteville State University, August 2002 - July 2007.
Adjunct Instructor of Finance, School of Business and Economics, Fayetteville State University, May 2002 - August 2002.
Instructor of Finance, University of New Orleans, 1998.
Teaching Assistant in Economics, Syracuse University, 1995 - 1996.
Education
PhD, University of New Orleans, 2001. Major: Financial Economics
MA, Syracuse University, 1996. Major: Economics
BA, University of Florida, 1989. Major: Economics
Research
Refereed Journal Articles
Abbey, B., and Larkin, P. (2012). Can Simple One and Two-Factor Investing Strategies Capture the Value Premium?, International Review Journal of
Applied Finance 2 (III), 149-159.
Larkin, P. (2009). Can Individual Investors Capture the Value Premium?. Journal
of Business and Economics Research, 7 (5), 25-34.
D'Mello, R., Krishnaswami, S., Larkin, P. (2008). Determinants of Corporate Cash Holdings: Evidence from Spin-offs. Journal of Banking And Finance,
32(7), 1209-1220.
Williams, T., Her, M., Larkin, P. (2007). Inside Versus Outside Successions in the Banking Industry. Academy of Banking Studies Journal, 6(2), 63-80.
Larkin, P., Lee, B., Wane, A., Williams, T. (2006). A Second Opinion. Journal of
Finance Case Research, 8(2), 61-66.
Larkin, P., Lee, B., Wane, A. (2006). Getting Up to Speed With Real Options Analysis: Examples. Midwestern Business and Economic Review, Spring(37). Larkin, P., Lee, B., Wane, A., Williams, T. (2006). Hollywood Tycoon: A Real
Options Simulation Game. Journal Of Financial Education, Summer(32). Larkin, P., Lee, B., Wane, A. (2005). Getting Up to Speed With Real Options Analysis: Basics. Midwestern Business and Economic Review, Fall(36). Wane, A., Larkin, P., Lee, B., Williams, T. (2005). Asymmetric Adjustment in the
Effects of Monetary Policy on Output: Evidence in the USA and Canada using a Cointegration Analysis. International Business and Economics Research
Journal, 4(4), 21-34.
Larkin, P., Lee, B., Wane, A. (2005). Repurchase Dividend Reinvestment Plans (Repurchase DRIPS). Journal of Business and Economics Research, 3(10). Larkin, P. (2005). Using a Fallacy About Taxes and Opportunity Cost in Teaching
Time Value of Money. International Journal of Business Disciplines, 16(2). Refereed Conference Proceedings
Abbey, B., and Larkin, P. Another Look at Value and GARP Strategies for
Individual Investors, Orlando International Academic Conference Proceedings
2012.
Larkin, P. (2010). What Weights Should Be Used to Calculate the WACC?. Tenth Annual IBER & TLC Conference Proceedings 2010.
Wane, A., Larkin, P., Lee, B. (2007). Does Tight Money and Easy Money Have
the Same Effect on Output: Evidence in Selected European Countries Using a Cointegration Analysis. Fayetteville, North Carolina: International Academy
of Business and Public Administration Disciplines Conference.
Larkin, P., Lee, B., Wane, A. (2006). New Evidence on the Efficiency of the NFL
Point Spread Betting Market. Proceedings of the 2006 IBER and TLC
Conferences.
Larkin, P., Lee, B., Wane, A., Williams, T. (2005). Opportunity Knocks (pp. 222-226). 2005 Academy of Economics and Finance Papers and Proceedings. Wane, A., Larkin, P., Lee, B., Williams, T. (2005). Asymmetric Adjustment in the
Effects of Monetary Policy on Output: Evidence in the USA and Canada using a Cointegration Analysis. Applied Business Research Conference.
Larkin, P., Lee, B., Wane, A., Williams, T. (2004). Foreign Exchange Rate
Exposure and Risk Management Programs of Multinational Firms: A Review of the Literature. International Applied Business Research Conference.
Larkin, P., Lee, B., Williams, T. (2004). How Have Institutions that Survived the
S&L Crisis Fared?. Proceedings of the Allied Academy of Commercial
Banking and Finance.
Presentations Given at Academic Conferences
Abbey, B., and Larkin, P. Orlando International Academic Conference Proceedings 2012, "Another Look at Value and GARP Strategies for Individual Investors," Orlando.
Larkin, P., IBER & TLC Conference Proceedings 2010, "What Weights Should Be Used to Calculate the WACC?," Las Vegas.
Larkin, P., IBER and TLC Conferences, "Can Individual Investors Capture the Value Premium?," Las Vegas, Nevada. (October 2008).
Larkin, P., Tang, J. Academy of Finance Annual Meeting, "The Risks and
Returns of Simple GARP Investing Strategies," MBAA, Chicago, IL. (March 2008).
Larkin, P., Academy of Finance Annual Meetings, "Exploring the Home Underdog Bias in NFL Point Spread Betting," MBAA, Chicago, Illinois. (March 2006).
Larkin, P., Lee, B., Wane, A., Williams, T., Academy of Economics and Finance Annual Meetings, "Opportunity Knocks," Myrtle Beach, S.C.. (February 2005).
D'Mello, R., Krishnaswami, S., Larkin, P., Financial Management Association meetings, "Determinants of Corporate Cash Holdings: Evidence from Spin-offs," Denver, Colorado. (October 2003).
D'Mello, R., Krishnaswami, S., Larkin, P., Financial Management Association Meetings, "Do Spin-offs Reduce the Cost of Capital?," San Antonio, Texas. (October 2002).
Research in Progress
Larkin, P., "A Class Discussion Project for Security Analysis and Business Strategy"
Presents an instructor's guide for a class discussion or written analysis of a notable lecture on stock selection and business strategy by a successful investor and businessman.
Larkin, P., "A Practical Approach to Valuing Growth in Security Analysis" Argues that Modigliani and Miller's (1961) stock valuation formula has great value for both practical valuation work and for teaching equity valuation.
Journalism
Larkin, P., "Buffett Demonstrates How to Do a Stock Buyback," Value Investing
Letter, October 2011.
Business Experience
Real Estate Appraiser, Farotto and Vartanian, 1993 - 1994.
American Finance Association. Academy of Finance.
Financial Education Association. Financial Management Association.
American Association of Individual Investors.
Awards and Honors
Department of Finance, Economics, Entrepreneurship, and Marketing Teacher of the Year, Fayetteville State, 2012-2013.
Listed in Marquis Who's Who in America, 2011.
School of Business and Economics Teacher of the Year, Fayetteville State, 2010-2011.
Department of Finance, Economics, Entrepreneurship, and Marketing Teacher of the Year, Fayetteville State, 2010-2011.
School of Business and Economics Outstanding Researcher Award for 2007-2008, School of Business and Economics, Fayetteville State, 2007-2008. Department of Managerial Economics and Finance Teacher of the Year,
Fayetteville State, 2006-2007.
Louisiana Board of Regents Fellowship for Outstanding Graduate Students, 1996-2000.
Elected to Membership in Omicron Delta Epsilon Economics Honor Society, University of Florida, 1988.
Courses Taught
Fayetteville State University
Finance 311: Principles of Finance - online, on campus, and at Fort Bragg Military Installation.
Finance 315: Entrepreneurial Finance - on campus.
Finance 320: Financial Management - online and on campus. Finance 410: Investments - on campus
Finance 411: Investment Analysis - on campus.
Finance 430: Seminar in Banking and Finance - on campus and as independent study.
Finance 460: Current Problems in Banking - on campus and as independent study. Finance 591: MBA Finance I - online and on campus.
Finance 592: MBA Finance II - online and on campus. Finance 675: MBA Security Analysis - online
University of New Orleans
Finance 2302: Introduction to Investing - on campus
Recent Faculty Development Activities Attended
Workshop on Challenges and Opportunities in Teaching Ethics in Business Disciplines, March 3red, 2011, School of Business and Economics, Fayetteville State.
Workshop on Using Blogs and Wiki in Online Courses, February 28th, 2011, Office of Faculty Development, Fayetteville State.
Certified Online Instructor Course, January-February 2011, Fayetteville State University Office of Online Education.
Online Workshop "The Tao of Finance: An Integrated Approach to Teaching Valuation," Wiley, March 2nd, 2010.
Training Session for Pan Optica, January 21, 2010, Fayetteville State ITTS.
Service
Department Service
Course Coordinator for New Fayetteville State Core Requirement in Financial Literacy.
Committee Member, Entrepreneurship Curriculum Committee, 2002 - Present. Committee Member, Search Committee for New Entrepreneurship Faculty
Member, 2012.
Committee Member, Department Assessment Committee, 2007 - Present. Committee Member, Banking and Finance Curriculum Committee, 2002 -
Project Leader, Task force for production of department marketing brochure, November 2010 - January 2011.
Committee Chair, Department Tenure Committee for Distinguished Professor, 2010.
Committee Member, Search Committee for New Finance Faculty Member, 2009 - 2010.
Faculty Sponsor, Faculty Advisor to Economics and Finance Club, July 2009 - June 2010.
Committee Member, Promotion Committee for Dr. Fazhul Miah, 2009.
Committee Member, Search Committee for New Assistant Professor of Finance, 2006.
Faculty Advisor, Faculty Advisor to Economics and Finance Club, 2003 - 2006. Committee Member, Search Committee for Endowed Chair in Economics, 2005. Committee Member, Committee to Select New Department Chair, 2003 - 2004. Committee Member, Search Committee for New Faculty, 2003.
College Service
Committee Member, Dean's Special Curriculum Committee, 2011-Present. Committee Member, SBE CPF Program Committee, 2007 - Present. Committee Chair, SBE Curriculum Committee, 2002 - Present.
Committee Member, SBE Teacher of the Year Selection Committee, 2009. Faculty Advisor, Evaluated Proposed Student Organization Dedicated to "The
Cash Flow Game". July 2009.
Committee Member, SBE Tenure and Promotion Committee, August 2007 - July 2009, and August 2011 - present.
Committee Member, AACSB Steering Committee, 2005 - 2006. Committee Member, MBA Curriculum Committee, 2003 - 2005.
Committee Member, Committee for Curriculum for AACSB Accreditation, 2003 - 2004.
Committee Member, Committee for Assurance of Learning Standards for AACSB Accreditation, January 2003 - May 2003.
University Service
Committee Member, Coordinating Committee for Proposed Bachelor of Science in Professional Studies, February 25th, 2011-Present.
Committee Member, Member of Faculty Senate, August 11, 2010 - Present. Attendee, Meeting, Meeting With General Dynamics to Explore Contracting
Possibilities, 2009.
Committee Member, UNC Tomorrow Phase II: 5.2, Establishing and Discontinuing Degree Programs Committee, September 2008 - 2009. Committee Member, Senate Faculty Evaluation and Development Committee,
2005. Service to Students
Academic advisor to over one hundred undergraduate students at Fayetteville State.
Wrote dozens of recommendation letters for Fayetteville State undergraduate and graduate students for employment, scholorships, and graduate and professional school.
Professional Service
Reviewer, Mountain Plains Journal of Business and Economics, July 2011-Present.
Session Chair, 2012 Orlando International Academic Conference.
Session Chair, 2008 IBER and TLC Conference, Las Vegas, Nevada. Discussant, 2008 Academy of Finance Meetings, Chicago, Illinois. Discussant, 2006 Academy of Finance Meetings, Chicago, Illinois. Session Chair, 2006 IBER and TLC Conference, Las Vegas, Nevada. Reviewer, Journal of Finance Case Research, 2006.
Discussant, 2005 Academy of Economics and Finance Meetings, Myrtle Beach, South Carolina.
Public Service
Volunteer for Mariposa School for Children with Autism, 2006 - 2009. Fayetteville State University Speaker's Bureau, 2003 - Present.
Fayetteville State University Expert List, 2009-Present. Lunch Buddies Program, 2004 - 2006.
Computer Skills
FORTRAN Programming
Financial Databases (CRSP, Compustat, etc.) Statistical Packages
Microsoft Office Applications
