Richard M. Proctor

I grew up in Ohio, got my Ph.D. at the University of South Florida, and moved up here to take my first teaching job. In my spare time I love to fly fish for trout, and fish for bass on Saratoga Lake.

My Siena Experience

My Teaching Philosophy

My teaching philosophy is to focus on helping the students learn the basic “building blocks” of a subject, rather than overwhelming them with all the complicated bells and whistles of a subject. My belief is that If students thoroughly understand the basic concepts, they can easily incorporate the complicating factors as they arise. I also try to let them see my enthusiasm for the subject.

What I Love About Siena

I love the way that the faculty here care about teaching.

My Favorite Courses to Teach

My favorite course to teach is Personal Finance. The students find it extremely practical and useful. And it’s a Social Justice course, so we get to talk about issues like the fairness of the progressive tax system, and socially responsible investing. I really enjoy the mix of Liberal Arts and Science students in the course; it makes for interesting discussions.

My Professional Experience

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
• How Do Independent Directors View Corporate Social Responsibility (CSR)? Evidence from a Quasi-Natural Experiment
  Financial Review, vol. 55
  November, 2020
• Inventure Foods: Developing The Investment Thesis
  Journal of Finance Case Research, vol. 18
  December, 2019
• Incentive Compensation for Bank CEOs and CFOs Before and After the Financial Crisis
  Journal of Legal, Ethical and Regulatory Issues, vol. 17
  August, 2014
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  Journal Of Financial Education, vol. 31
  2005
• A VBA Solution To Modern Portfolio Theory
  Journal of Economics and Finance Education, vol. 19
  Summer, 2020
• The Relationship between Corporate Ethical Climate and Employee Attitudes
  Academy of Business Disciplines, vol. 9
  Spring, 2016
• Understanding Innovation in Municipal Government: City Council Member Perspectives
  Journal of Urban Affairs, vol. 25
  Spring, 2003
• Using Demographic Identification to Estimate the Effects of Board Size on Corporate Performance
  Applied Economics Letters, vol. 24
  Summer, 2017
• Why Bidding Firms Do not Hire Financial Advisors in Mergers and Acquisitions
  Corporate Ownership & Control, vol. 5
  Spring, 2008

Books & Book Chapters

• Entrepreneurs and Innovation in State and Local Government
  Lexington Books
  2003

Presentations

• Penn Energy: Daisytown (A) and (B) Cases
  September, 2021
  Financial Education Association, virtual, Virtual
• To Frack or Not to Frack? That is the Question
  April, 2021
  Business Research Consortium of Western New York, Buffalo, New York
• Do ADR Firms Have Different Dividend Policies than US Firms? A Comparative Study
  March, 2021
  Academy of Business Research, New Orleans, Virtual
• Measuring, Explaining, and Managing Conflict on City Councils in Wisconsin Municipalities
  November, 2017
  Northeast Conference on Public Administration, Burlington, Vermont
• Does Bank Performance Change When Managers Are Paid Differently?
  February, 2016
  Eastern Economic Association Annual Conference, Washington, District of Columbia
• A Simple Classroom VBA Solution To An Integrated Tactical Asset Allocation Problem
  December, 2015
  Academy of Business Administration National Conference, Providenciales, Unknown
• Assessing Corporate Ethical Climate and Its Relationship to Job Satisfaction
  November, 2015
  Academy of Business Disciplines Annual Conference, Ft. Myers, Florida
• The Role of the Form of Managerial Compensation on Bank Performance
  October, 2015
  New York State Economics Association Annual Conference, Loudonville, New York
• Inventure Foods: Developing the Investment Thesis
  September, 2014
  Financial Education Association Conference, Savannah, Georgia
• The Impact of the Recent Financial Crises and the Resulting Regulations on Bankers' Incentive Compensation
  March, 2012
  Eastern Economic Association Annual Conference, Boston, Massachusetts
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  April, 2005
  Financial Education Association Conference, Orlando, Florida
• The Effect on Firm Leverage of Accounting-Based Managerial Incentives
  November, 2002
  Southern Finance Association Annual Meeting, Key West, Florida
• Understanding Innovation in Municipal Government: City Council Member Perspectives
  March, 2002
  Urban Affairs Association Annual Meeting, Boston, Massachusetts
• The Role of Leader and Policy Board Characteristics in the Implementation of Private Sector Innovations in Local Government
  October, 2001
  New York State Economics Association Annual Conference, Buffalo, New York
• The Division of Value Between the Public Shareholders and the Managers in MBOs
  October, 1999
  Financial Management Association International Annual Meeting, Orlando, Florida
• An Empirical Examination of the Role of Managerial Compensation in the Decision to Go Private
  March, 1999
  UNH Corporate Governance Conference, Bartlett, New Hampshire
• An Empirical Examination of the Role of Managerial Compensation in the Decision to go Private
  October, 1998
  Financial Management Association International Annual Meeting, Chicago, Illinois