James P. Murtagh

Associate Professor of Finance

Phone: (518) 782‑6776
Email: jmurtagh@siena.edu

Jim P. Murtagh

Degrees:

Ph.D. Finance Rensselaer Polytechnic Institute
M.B.A. Finance, Strategy University of Northern Colorado
B.S. Engineering United States Military Academy

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 are:

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.

Professional Experience:

Department chair, Finance department Siena College 2014 - Now
Associate Professor of Finance Siena College 2007 - Now
Chair, Department of Management; Associate Professor of Finance The Sage Colleges 2005 - 2007
Clinical Assistant Professor of Finance Rensselaer Polytechnic Institute 1999 - 2005
Instructor in Finance Rensselaer Polytechnic Institute 1995 - 1999
Vice President and Senior Consultant Executive Systems Planning, Inc. 1991 - 2001
Administrator DeGraff Foy Law Firm 1987 - 1990
Commissioned Officer US Army Aviation 1982 - 1987

Why I chose Siena:

Siena is a great place for finance majors (and finance professors)! We use the same research tools and data as Wall Street professionals. Our senior finance majors manage real money in the Student Managed Fund. Also, the strong liberal arts and Franciscan core curriculum builds valuable life skills and perspectives. With this excellent foundation, I can help my students add professional tools to jump-start their careers.

Office Hours:

MON: 10:00 AM-12:30 PM
TUE:
WED: 10:00 AM-12:30 PM
THU:
FRI:

My 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.

My teaching philosophy:

Mentorship and mutual respect.


Warning signs of bank failure: evidence from 2009-2015
Academy of Business Research
2017
Online TVM review and student performance
Journal Of Financial Education, vol. 43
December, 2017
Warning signs of bank failure: evidence from 2009-2015
Academy of Business Research
March, 2017
Online TVM review and student performance
Journal Of Financial Education
2016
Inventure Foods: Developing the Investment Thesis
Journal of Finance Case Research
December, 2016
Online TVM review and student performance
Journal Of Financial Education
November, 2016
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
Incentive Compensation for Bank CEOs and CFOs Before and After the Financial Crisis
Allied Academies International Conference
2013
Characteristics of failed banks: the case of 3Q2009
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
An analysis of global credit risk spreads during crises
Managerial Finance, vol. 38
Spring, 2012
The impact of the recent financial crises and resulting regulations on bankers' incentive compensation
New York State Economics Association Annual Conference
2011
G7 equity index reaction to the 2008 financial crisis
Allied Academies International Conference
2011
The Water's Edge Apartments: Capital Budgeting in Real Estate Development
Journal of Business Case Studies, vol. 6
Nov/Dec, 2010
Credit Risk: Contract Characteristics for Success
Journal of Equipment Lease Financing, vol. 23
Winter, 2005
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 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 Wealth Effects of Global Acquisition Announcements of Canadian Banks.
International Engineering Management Conference
October, 2001
category: Service-University
Siena College School of Business, 2016
category: Teaching
Siena College School of Business, 2011
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, 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
The Impact of 9/11 on Business and Economics: The Business of Terror
Palgrave Macmillan
ISBN: 0-230-60837-5
2009
Transparency, Governance, and Markets
Elsevier Science
ISBN: 0-444-52722-2
2006
Banks and Financial Market Efficiency: Global Perspectives Research in Banking and Finance, Volume 5 (Research in Banking and Finance)
JAI Press
ISBN: 0762310995
2004
International Business at the Turn of the Century
International Trade and Finance Association
2000
Warning signals of bank failure
2017
Academy of Business Research, New Orleans, Louisiana
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
Another crashing wave: Characteristics of failed commercial banks during the Great Recession
March, 2014
Eastern Economic Association Annual Conference, Boston, Massachusetts
Determinants of bank failures during crisis
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
Program Assessment and the Role of the Bloomberg Assessment Test
October, 2014
New York State Economics Association Annual Conference, Loudonville, New York
Incentive Compensation for Bank CEOs and CFOs Before and After the Financial Crisis
2013
Allied Academies International Conference, Internet Section, Virtual
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
The Impact of the Recent Financial Crises and the Resulting Regulations on Bankers' Incentive Compensation
March, 2012
Eastern Economic Association Annual Conference, Boston, Massachusetts
Meeting the Challenge: Is Prior Performance a Predictor of Student Behavior?
September, 2012
Academy of Business Education Annual Meeting, Charlston, South Carolina
Student Capstone Performance: Is Prior Performance a Predictor
September, 2011
Academy of Business Education Annual Meeting, Orlando, Florida
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
Credit risk during crises: A two-stage analysis of spreads in global debt markets
April, 2011
Eastern Finance Association Annual Meeting, Savannah, Georgia
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
June, 2003
European Financial Management Association, Helsinki, Finland
An International Study of the Risk Characteristics of Banks and Non-Banks
June, 2003
European Financial Management Association, Helsinki, Finland
Dividend Policy of Bank Initial Public Offerings
June, 2003
Global Finance Association Conference, Frankfurt, Germany
An International Study of the Risk Characteristics of Banks and Non-Banks
June, 2003
Financial Management Association International European Conference, Dublin, Ireland
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
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
October, 2003
Financial Management Association International Annual Meeting, Denver, Colorado
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
Dividend Policy of Bank Initial Public Offerings
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
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
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
The Sensitivity of Canadian Stock Returns to Market, Interest Rate and Exchange Rate Changes
May, 1997
Global Finance Association Conference, Montreal, Canada
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