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Kenneth N. Daniels 
Professor of Finance  
Snead Hall, 301 W. Main Street, Box 844000
Richmond,  VA 23284-4000 


Office Room Number:
B4147 
Office Phone: 804-828-7127 
Fax Number: 804-828-8884 
E-mail Address:  kndaniel@vcu.edu
 

Profile: Dr. Kenneth N. Daniels is a Professor of Finance at Virginia Commonwealth University and specializes in the areas of financial services and community development. He has presented papers at international conferences such as the International Society for Bayesian Analysis, and the European Financial Management Association, and nationally at conferences such as the Financial Management Association and the American Economics Association. Dr. Daniels has received the Sydney Futures Exchange Prize for the outstanding paper on derivatives and the outstanding paper on investments from the Eastern Finance Association. Dr. Daniels has published over 20 refereed articles in journals such as The Journal of Money, Credit and Banking, The Journal of Corporate Finance, The Financial Review, The Journal of Financial Services Research, The Journal of Fixed Income,The Journal of Economics and Business, Managerial Finance, The Journal of Financial Stability, The Review of Black Political Economy and The Journal of Real Estate Research. Dr. Daniels is a board member for the Treasury Board of the Commonwealth of Virginia, Virginia Community Capital Incorporated (VCC) and the Virginia Community Development Corporation (VCDC). He also provides counsel to the investment committee of the Richmond Retirement Board. His teaching interest include financial service institutions, municipal bonds, corporate finance and financial markets. Currently, he is working on service projects that include entrepreneurship, technology and small business development. He is a member of the Financial Intermediation Research Society, American Finance Association, Financial Management Association and the Eastern Finance Association. Dr. Daniels is married with two children and resides in the Richmond area.

Education: Fairfield University (BA, 1982); University of Connecticut (MA, 1983; Ph.D., 1991)

Professional Experience: Business Development Officer and Funds Management Officer in commercial banking. Board Member (appointed by Governors Warner and Kaine) for the Treasury Department of the Commonwealth of Virginia, (http://www.trs.virginia.gov/Debt/Tboard.asp , Chairman of the finance committee for Virginia Community Capital (A Bank Holding Company), http://www.vacommunitycapital.org/about/, and Vice Chairman of Virginia Community Development Corporation, http://www.vacdc.org/about_vcdc/board_members.shtml.

Teaching: Professor of Finance at Virginia Commonwealth University and specializes in the areas of financial services, corporate finance and the investements.

Research: Municipal Bonds, Corporate Finance, Financial Institutions, Small Business Development, Financial Economics of Minorities.

Department: Finance, Insurance & Real Estate

Additional Webpage: http://ssrn.com/author=179517

Publications:

The Impact of Arrangers and Buyout Sponsors on Loan Pricing in Leverage Buyouts: A Cross Border Study of US and European Leverage Buyouts Banking and Capital Markets: New International Perspectives World Scientific Press, 2009

Impact of Information Asymmetry on Municipal Bond Yields: An Empirical Analysis, American Journal of Economics and Business Administration, forthcoming 2009.

An Empirical Analysis of the Determinants and Pricing of Corporate Bond Clawbacks, Journal of Corporate Finance, forthcoming 2009.

Information, Credit Risk, Lender Specialization and Loan Pricing:Evidence from the DIP Financing Market. Journal of Financial Services Research 2008

Does Underwriter Reputation Matter in the Municipal Bond Market, Journal of Economics and Business, Volume 59, Issue 6, November/December 2007

The Valuation Impact of Financial Advisors: An Empirical Analysis of REIT Mergers and Acquisitions, Journal of Real Estate Research, January-March 2007

Debt Restructuring, Holdouts and exit consents, Journal of Financial Stability (2007)

The Impact of Electronic Auctions and Auction Types on the Market for Municipal Bonds, Municipal Finance Journal, Volume 28, Number 2, 2007.

The Role and Impact of Financial Advisors in the Market for Municipal Bonds, Journal of Financial Services Research, August 2006

The Effect of Credit Ratings on Credit Default Swap Spreads and Credit Spreads, Journal of Fixed Income, (December 2005), Vol. 15, Iss. 3, 16-35.

Intensity of Competition, Industry Evolution and the Productivity Growth of US Commercial Banks, Journal of Money Credit and Banking, 2005.

The Relative Cost Efficiency of Stock versus Mutual Thrifts: A Bayesian Approach, Financial Review, February 2004, Volume 39, No. 1.

An Empirical Analysis of Net Interest Cost, the Probability of Default and the Credit Risk Premium: A Case Study Using the Commonwealth of Virginia, Managerial Finance, Vol. 28, 2002

Municipal Bonds – International and Not Just in the U.S. Anymore, Public Funds Digest, Vol. 2, No. 1, 2002

The Competitive Impact of Commercial Bank Underwriting on the Market for Municipal Revenue Bonds, Journal of Financial Services Research, (20) 1, September 2001

An Empirical Analysis of Differences in Black and White Asset and Liability Combinations. Financial Services Review, 8, 1999

Total Factor Productivity Growth and Regulation in U.S Commercial Banking During 1946-1995: An Empirical Investigation. Journal Of Economics and Business, April 1998

Total Factor Productivity Growth in U.S. Commercial Banking for 1935-1991: A Latent Variable Approach Using the Kalman Filter. Journal of Financial Services Research, (13) 2, April 1998

An Empirical Analysis of Municipal Bond Ratings in Virginia. Studies in Economics and Finance, (17)2, 81-97, Spring 1997

The Information Content of Dividends Hypothesis: A Permanent Income Approach. International Review of Economics and Finance,(6)1,77-86, January 1997

The Temporal Behavior of Scale Economies Within a Banking Firm. Journal of Economics and Finance,(20)2, 33-45, Summer 1996

Race and Municipal Bond Ratings in the Commonwealth of Virginia. The Review of Black Political Economy,111-121, Spring 1996

The Impact of Technological Change on the Transaction Balances of the Household. Journal of Financial Services Research, 8(2): 113 -119, 1994

The Impact of Technological Change on the Currency Behavior of the Household. Journal of Money Credit and Banking,867 - 874,Fall 1994

An Empirical Analysis of the Use of Money Orders: The Payment System of the Poor. Financial Services Review, 3(1): 75-81, 1993

 

 

 

 

 

 

 

 

 

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School of Business, Virginia Commonwealth University
Snead Hall, 301 W. Main Street Box 844000
Richmond, VA 23284-4000
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phone: (804)828-1595
fax: (804)828-8884

 

 

Last Updated: 6/3/09