James P. Murtagh

My Siena Experience

My Teaching Philosophy

 Mentorship and mutual respect.

What I Love About Siena

One of the reasons I love teaching at Siena is the small class sizes. I have the opportunity to really get to know my students. 

My Favorite Courses to Teach

My favorite course to teach is the finance capstone - Case Problems in Financial Management. The course is a comprehensive integrated experience for finance majors to put their knowledge into practice. Through case studies and computer simulations, students have an opportunity to use the finance tools and concepts in real-world situations. My favorite part of the course is when the student teams design and analyze a "live" case based on the current news. 

My Professional Experience

Current Research

Has taught in special executive programs in Russia and the Ukraine, as well as sessions for Korean and Chinese programs. While at Rensselaer Polytechnic Institute,received the Outstanding Faculty Award twice from the Delta Epsilon Sigma Management Honor Society. Has presented research at numerous regional, national and international conferences. Is published in the Journal of International Financial Markets, Institutions and Money, ITFA and IEMC Proceedings. Current research interests include issues in US and international banking, international capital markets, dividend policy of IPO companies, and entrepreneurial finance.

Articles & Book Reviews

• Do ADR Firms Have Different Dividend Policies Than U.S. Firms? A Comparative Study
  International Journal of Financial Studies, vol. 10
  February, 2022
• Penn Energy: Daisytown (A) and (B) cases
  Financial Education Association
  2021
• ROE decomposition of surviving vs failing banks 1999-2019
  INTERNATIONAL BUSINESS & ECONOMICS CONFERENCE
  January, 2020
• Inventure Foods: Developing The Investment Thesis
  Journal of Finance Case Research, vol. 18
  December, 2019
• Greenlane Holdings, Inc.: Valuing the IPO
  Financial Education Association
  2019
• Warning signs of bank failure: evidence from 2009-2015
  Academy of Business Research
  March, 2017
• Predicting US Bank Failures during 2009
  New York State Economics Association Annual Conference, vol. 7
  October, 2015
• Incentive Compensation for Bank CEOs and CFOs Before and After the Financial Crisis
  Journal of Legal, Ethical and Regulatory Issues, vol. 17
  August, 2014
• Characteristics of failed banks: the case of 3Q2009
  Allied Academies International Conference
  2013
• Incentive Compensation for Bank CEOs and CFOs Before and After the Financial Crisis
  Allied Academies International Conference
  2013
• G7 Equity Index Reaction to the 2008 Financial Crisis
  Journal of Economics and Economic Education Research, vol. 13
  January, 2012
• G7 equity index reaction to the 2008 financial crisis
  Allied Academies International Conference
  2011
• The impact of the recent financial crises and resulting regulations on bankers' incentive compensation
  New York State Economics Association Annual Conference
  2011
• Characteristics of Successful and Failed Equipment Leases
  Midwest Finance Association Conference
  March, 2005
• Risk Characteristics of Banks and Non-banks: An International Comparison
  Finanzdienstleistungsbereich-Symposium: Aktuelle Entwicklungen im Finanzdienstleistungsbereich
  May, 2004
• Interest Rate and Exchange Rate Risk in Financial and Non-Financial Industries: An International Study
  Multi-National Finance Association
  August, 2003
• The Wealth Effects of Global Acquisition Announcements of Canadian Banks.
  International Engineering Management Conference
  October, 2001
• An analysis of global credit risk spreads during crises
  Managerial Finance, vol. 38
  Spring, 2012
• Credit Risk: Contract Characteristics for Success
  Journal of Equipment Lease Financing, vol. 23
  Winter, 2005
• Online TVM review and student performance
  Journal Of Financial Education, vol. 45
  Winter, 2019
• The Stock Market Reaction to Cross-Border Acquisitions of Financial Services Firms: An Analysis of Canadian Banks
  Journal Of International Financial Markets, Institutions And Money, vol. 12
  Oct-Dec, 2002
• The Water's Edge Apartments: Capital Budgeting in Real Estate Development
  Journal of Business Case Studies, vol. 6
  Nov/Dec, 2010

Awards & Distinctions

• Outstanding Service Award
  Category: Service-University
  Siena College School of Business, 2016
• Outstanding Teaching Award
  Category: Teaching
  Siena College School of Business, 2011
• Lally School of Management & Technology, Rensselaer Polytechnic Institute 
  Category: Teaching
  Delta Epsilon Sigma Management Honor Society, 2005
• Lally School of Management & Technology, Rensselaer Polytechnic Institute
  Category: Teaching
  Graduate Management Student Association, 2005
• Lally School of Management & Technology, Rensselaer Polytechnic Institute
  Category: Teaching
  Delta Epsilon Sigma Management Honor Society, 1999
• 'The Sensitivity of Canadian Stock Returns to Market, Interest Rate and Exchange Rate Changes' co-author Wolfgang Bessler. Selected as one of seven best papers at conference.
  Category: Other
  4th Global Finance Conference, 1997

Books & Book Chapters

• The Impact of 9/11 on Business and Economics: The Business of Terror
  Palgrave Macmillan
  2009
• Transparency, Governance, and Markets
  Elsevier Science
  2006
• Banks and Financial Market Efficiency: Global Perspectives Research in Banking and Finance, Volume 5 (Research in Banking and Finance)
  JAI Press
  2004
• International Business at the Turn of the Century
  International Trade and Finance Association
  2000

Presentations

• Real Options in Capital Budgeting: Penn Energy Case B
  September, 2023
  Financial Education Association, San Antonio, Texas
• Franciscan Mission in Action: Implementing the Siena College Green Revolving Fund
  June, 2023
  Association of Franciscan Colleges and Universities, Loudonville, New York
• Incorporating UN PRME in graduate business education
  June, 2023
  Association of Franciscan Colleges and Universities, Loudonville, New York
• Penn Energy: Daisytown (A) and (B) Cases
  September, 2021
  Financial Education Association, virtual, Virtual
• Do ADR Firms Have Different Dividend Policies than US Firms? A Comparative Study
  March, 2021
  Academy of Business Research, New Orleans, Virtual
• To Frack or not to Frack: That is the question
  2021
  Business Research Consortium, Virtual, Virtual
• ROE decomposition of surviving vs failing banks 1999-2019
  January, 2020
  INTERNATIONAL BUSINESS & ECONOMICS CONFERENCE, New Rochelle, New York
• Greenlane Holdings, Inc.: Valuing the IPO
  September, 2019
  Financial Education Association, Savannah, Georgia
• A DuPont framework for analyzing commercial bank performance
  2018
  New York State Economics Association Annual Conference, Rochester, New York
• Warning signs of bank failure: evidence from 2009-2015
  March, 2017
  Academy of Business Research, New Orleans, Louisiana
• Does Bank Performance Change When Managers Are Paid Differently?
  February, 2016
  Eastern Economic Association Annual Conference, Washington, District of Columbia
• Online TVM Review and Student Performance
  2016
  Financial Management Association International Annual Meeting, Las Vegas, Nevada
• The Role of the Form of Managerial Compensation on Bank Performance
  October, 2015
  New York State Economics Association Annual Conference, Loudonville, New York
• Using Online Tools to Review and Reinforce Prerequisite Skills in the Core Finance Course
  September, 2015
  Financial Education Association Conference, San Antonio, Texas
• Determinants of bank failures during crisis
  October, 2014
  New York State Economics Association Annual Conference, Loudonville, New York
• Program Assessment and the Role of the Bloomberg Assessment Test
  October, 2014
  New York State Economics Association Annual Conference, Loudonville, New York
• Inventure Foods: Developing the Investment Thesis
  September, 2014
  Financial Education Association Conference, Savannah, Georgia
• Another crashing wave: Characteristics of failed commercial banks during the Great Recession
  March, 2014
  Eastern Economic Association Annual Conference, Boston, Massachusetts
• Characteristics of failed banks: the case of 3Q2009
  September, 2013
  Allied Academies International Conference, Internet Section, Virtual
• The Bloomberg Assessment test: What is it, and can we use it for Program Assessment?
  September, 2013
  Academy of Business Education Annual Meeting, Southhampton, Bermuda
• Incentive Compensation for Bank CEOs and CFOs Before and After the Financial Crisis
  2013
  Allied Academies International Conference, Internet Section, Virtual
• Meeting the Challenge: Is Prior Performance a Predictor of Student Behavior?
  September, 2012
  Academy of Business Education Annual Meeting, Charlston, South Carolina
• The Impact of the Recent Financial Crises and the Resulting Regulations on Bankers' Incentive Compensation
  March, 2012
  Eastern Economic Association Annual Conference, Boston, Massachusetts
• Student Capstone Performance: Is Prior Performance a Predictor
  September, 2011
  Academy of Business Education Annual Meeting, Orlando, Florida
• Credit risk during crises: A two-stage analysis of spreads in global debt markets
  April, 2011
  Eastern Finance Association Annual Meeting, Savannah, Georgia
• Risk and return changes in global equity markets before, during and after the 2008 financial crisis
  February, 2011
  Eastern Economic Association Annual Conference, New York City, New York
• G7 equity index reaction to 2008 financial crisis
  2011
  Allied Academies International Conference, Internet Conference, Virtual
• The Impact of 9-11 Crisis on Debt Market Cointegration
  November, 2009
  Southern Finance Association Annual Meeting, Captiva Island, Florida
• Characteristics of Successful and Failed Equipment Leases
  March, 2005
  Midwest Finance Association Conference, Milwaukee, Wisconsin
• Risk Characteristics of Banks and Non-banks: An International Comparison
  May, 2004
  Finanzdienstleistungsbereich-Symposium: Aktuelle Entwicklungen im Finanzdienstleistungsbereich, Fachhocschule, Liechtenstein
• Bank Mergers in South Korea: Does Government Intervention Add Value?
  April, 2004
  Eastern Finance Association Annual Meeting, Mystic, Connecticut
• Dividend Policy of Bank Initial Public Offerings
  October, 2003
  Financial Management Association International Annual Meeting, Denver, Colorado
• An International Study of the Risk Characteristics of Banks and Non-Banks
  June, 2003
  European Financial Management Association, Helsinki, Finland
• An International Study of the Risk Characteristics of Banks and Non-Banks
  June, 2003
  Financial Management Association International European Conference, Dublin, Ireland
• An International Study of the Risk Characteristics of Banks and Non-Banks
  June, 2003
  Multi-National Finance Association, Montreal, Canada
• Dividend Policy of Bank Initial Public Offerings
  June, 2003
  European Financial Management Association, Helsinki, Finland
• Dividend Policy of Bank Initial Public Offerings
  June, 2003
  Global Finance Association Conference, Frankfurt, Germany
• Ther Performance Characteristics of Financial Holding Companies
  April, 2003
  Eastern Finance Association Annual Meeting, Lake Buena Vista, Florida
• Dividend Policy of Bank Initial Public Offerings
  February, 2003
  Eastern Economic Association Annual Conference, New York, New York
• Effects of Government Involvement in South Korean Commercial Bank Mergers
  February, 2003
  Eastern Economic Association Annual Conference, New York, New York
• Cross-border Acquisitions of Financial Services Firms By Canadian Banks
  June, 2002
  European Financial Management Association, London, Great Britain
• An International Study of the Risk Characteristics of Banks and Non-Banks
  March, 2002
  Midwest Finance Association Conference, Chicago, Illinois
• Cross-Border Acquisitions of Financial Services Firms By Canadian Banks
  March, 2002
  Midwest Finance Association Conference, Chicago, Illinois
• Dividend Policy of Bank Initial Public Offerings
  March, 2002
  Midwest Finance Association Conference, Chicago, Illinois
• The Stock Market Reaction to Cross-Border Acquisitions of Financial Services Firms: An Analysis of Canadian Banks
  October, 2001
  Financial Management Association International Annual Meeting, Toronto, Canada
• Stock Price Reaction to National and International Bank Merger Announcements on Canadian and Foreign Banks
  June, 2001
  Canadian Economics Association Annual Conference, Toronto, Canada
• Contagion Effects Surrounding Canadian Bank Merger Announcements
  March, 2001
  Midwest Finance Association Conference, Cleveland, Ohio
• The Stock Market Reaction to Merger Announcements Between Canadian Banks
  September, 2000
  Northern Finance Association Conference, Waterloo, Canada
• Long/Short Term Interest Rate and Exchange Rate Risk: A Canadian Study
  January, 2000
  International Trade and Finance Association, Boston, Massachusetts
• Non-Stationarity of Beta: The Case of Canadian Stocks
  July, 1999
  Multi-National Finance Association, Toronto, Canada
• Time-Varying Risk Characteristics of Canadian Firms
  March, 1999
  Eastern Economic Association Annual Conference, Boston, Massachusetts
• An International Study of the Risk of Characteristics of Banks and Non-Banks
  January, 1999
  International Trade and Finance Association, New York, New York
• Industry Risk Characteristics: An International Comparison
  September, 1998
  Northern Finance Association Conference, Toronto, Canada
• The Sensitivity of Canadian Stock Returns to Market, Interest Rate and Exchange Rate Changes
  May, 1997
  Global Finance Association Conference, Montreal, Canada
• Interest Rate and Exchange Rate Sensitivity of Financial and Non-Financial Stocks in the Canadian Market
  April, 1997
  Eastern Finance Association Annual Meeting, Panama City, Florida
• Risk Analysis for Banks Using Multifactor Models
  December, 1996
  Conference on Money, Finance, Banking & Insurance, Karlsruhe, Germany
• The Sensitivity of Stock Returns to Market, Interest Rate and Exchange Rate Changes: Evidence from Canada
  October, 1996
  Northern Finance Association Conference, Quebec, Canada
• Interest Rate and Exchange Rate Risk-An International View
  April, 1996
  Eastern Finance Association Annual Meeting, Charlotte, North Carolina
• Interest Rate and Exchange Rate Risk-An International View
  March, 1996
  Eastern Economic Association Annual Conference, Boston, Massachusetts
• Multi-Factor Pricing Models for Banks-An International Perspective
  October, 1995
  Atlantic Economic Conference, Williamsburg, Virginia