The Joseph A. Butt, S.J., College of Business Loyola University New Orleans

A. Michael Sibley

Professor of Finance and Area Chairperson of Accounting, Economics, and Finance

Address: 6363 St. Charles Avenue, Box 15
New Orleans, LA 70118
Phone: (504)864-7927
Fax: (504)864-7970
Email: sibley@loyno.edu
Office: Miller 321

Education

  • Ph.D., University of South Carolina, 1972. Major: Business Finance.
  • M.A., Appalachian State University, 1968. Major: Economics and Business
  • B.S., Appalachian State University, 1966. Major: Mathematics.

Academic/Industry Experience

  • 1979- present, Professor of Finance, College of Business Administration, Loyola University, New Orleans, LA.
  • 1975-1979 Associate Professor of Finance, College of Industrial Management, Clemson University, Clemson, S.C.
  • 1972-1975 Assistant Professor of Finance, College of Business Administration, Cleveland State University, Cleveland, Ohio.
  • 1968-1970 Instructor, Business Department, Gaston College, Gastonia, N.C.
  • 1966-68 Computer Programmer and Systems Analyst, Computer Center, Appalachian State University.

Course Descriptions

  • FIN 300 Financial Management
  • FIN 325 International Financial Management
  • FIN 700 Advanced Financial Management
  • FIN 810 International Finance

Research Interests

  • Factors influencing the determination of exchange rates
  • Derivative securities and risk management
  • NAFTA and the economic development of Latin America

Publications, Proceedings, and Papers

PUBLICATIONS

  • “Multinational Corporations and the Competition for Media Influence in Developing Countries,” Business and Society Review   (Spring, 2006), pp. 55-66.  (With Gina Nadas.)
  • “Eficiencia Portuaria: Factor Imporante Para Una Cadena Logistica Competitiva,” Enlace Portuario (December, 2006), pp. 7-9.  (Published by the National Port Commission of Guatemala.)
  • “Mexican Elections and Government Intervention in Currency Markets,” Journal of Business and Economic Perspectives (Fall/Winter, 2003), pp. 100-107.
  • "On the Valuation of Tax-Advantaged Retirement Accounts," Financial Services Review (fall, 2002), pp. 233-251.
  • "Political Risk and the Timing of Foreign Direct Investment," Journal of Global Business, (fall, 2001), pp. 15-21.
  • "The Impact of Presidential Elections On Currency Values in Latin America," Multinational Business Review (Fall, 2001), pp. 14-19.
  • "Is there an Electoral Monetary Cycle in Latin America?" Journal of Business and Economic Perspectives (Spring/Summer, 1998), pp. 12-19. (With Bill Barnett and Jerry Hood.)
  • "Politics and Exchange Rates in Latin America," Global Business and Finance Review, (fall, 1997), pp. 23-29.
  • "The Information Content of Industry Financing Norms," Journal of Financial and Strategic Decisions, (fall, 1991), pp. 19-28.
  • "The Search For Industry Financing Patterns," American Business Review (January 1991), pp. 85-91.
  • "A Note on Risk Analysis for Capital Investments, "Journal of Financial and Strategic Decisions (fall, 1989), pp. 37-42.
  • "Capital Structure Trends of Major U.S. Corporations: l975-l985, "Southern Business Review, (spring, 1989), pp. 54-62.
  • "The Abandonment Decision and Capital Rationing," Akron Business and Economic Review, (fall, l988), pp. 95-108.
  • "On the Establishment of Credit Standards," Credit and Financial Management, Vol. 82 (May 1981), pp. 32-35+. (With Alison Drews.)
  • "The Lending Practices of Rural Banks and Implications for Small Businesses," Business and Economics Perspectives, V (spring, 1980), pp. 21-27. (With Hugh Hobson.)
  • "A Test of Selected Models of Bank Dividend Policy," Akron Business and Economic Review, 10 (spring, 1979), pp. 29-34. (With H.A. Hobson.)
  • "Optimal Selection of Matched Pairs from Large Data Bases," Decision Sciences (January 1979). (With Earl Burch.)
  • "The Pricing of Ordinary Savings Deposits and Bank Response to a Change in Deposit Rate Ceilings," Business and Economic Perspectives, IV (fall, 1978), pp. 22-29. (With John Domonkos.)
  • "Preferred Stock as a Source of Bank Capital," Akron Business and Economic Review, IX (spring, 1978), pp. 31-36. (With H.A. Hobson.)
  • "The Liquidation Alternative in Business Planning," Management Accounting LIX (September 1977), pp. 33-35+. (With Gerald Waddle.)
  • "A Markov Model of Corporate Bond Yields," Review of Business and Economic Research, XII (winter, 1976-77), pp. 1-16.
  • "Simulating Time Series Variables with Markov Models: Methodology and a Potential Application in Finance," Review of Industrial Management and Textile Science, XV (Spring, 1976), pp. 75-83.
  • "Some Evidence on the Cash Flow Effects of Bond Refunding," Financial Management, III (Autumn, 1974), pp. 50-53. Reprinted in Brigham and Johnson, eds., Issues in Financial Management. Dryden Press, 1976.
  • "How Often Should You Pay Dividends?," Management Accounting, LVI (November, 1974), pp. 40-42+. (With C.T. Rini.)
  • "Lease Contracts and Financial Statement Analysis," The Journal of Commercial Bank Lending, (September, 1974), pp. 22-36. (With Richard A. Epaves.)
  • "The Reduction of Call Risk on Corporate Bond Investments: An Application of Discriminant Analysis," Mississippi Valley Journal of Business and Economics (Now the Journal of Business and Economic Research), IX (Spring, 1974), pp. 17-29.

PAPERS PRESENTED

  • "Calculating the After-Tax Dollar Equivalent of Tax-Advantaged Retirement Accounts," Academy of Business Disciplines, Fort Meyers, 2002.
  • "Economic Exposure Reduction through Diversification of Foreign Markets and Production Sites: Evidence from Latin America and Asia," Business Association for Latin American Studies, Tampa, 2002.
  • "Reduction of Operating Exposure Through Diversification of Foreign Production Sites," International Business and Economics Conference 2001, San Francisco, 2002
  • "Does the Mexican Political Cycle Influence the Value of the Peso?," Association of Global Business, Cancun, Mexico, 2001.
  • "On the Valuation of Alternative Tax-Advantaged Retirement Accounts," Academy of Financial Services, Seattle, 2000.
  • "Political Risk and the Timing of Direct Foreign Investment: Empirical Evidence From Latin America," Association of Global Business, Orlando, 2000.
  • "Exchange Rate Volatility in Latin America," Association for Global Business, New Orleans, 1998 (co-authored with Bill Barnett).
  • "Multinational Corporations and the Changing Role of the Media in Developing Countries," Association for Global Business, New Orleans, 1998. (Co-authored with Gina Nadas).
  • "Is there an Electoral Monetary Cycle in Latin America?" Association for Global Business, Washington, D.C., 1997.
  • "The Impact of Presidential Elections on Nominal and Real Currency Values in Latin America," Academy of International Business, Monterey, Mexico, 1997.
  • "Some preliminary Evidence on Political Risk and Exchange Rate Behavior Among Latin American Countries," Business Association for Latin American Studies, Monterey, Mexico, 1996.
  • "Exchanger Rate Volatility and Capital Flight Among Selected Latin American Countries," Annual Meeting of the International Finance and Trade Association, San Diego, 1996. (Co-authored with Jerry Hood.)
  • "Ownership Structure and Board Independence Among Small Firms," Financial Management Association, Orlando, Florida, 1990. (Co-authored with Jerry Dauterive.)
  • "Agency Relationships and Ownership Structure of Small Firms," Southern Economic Association, Orlando, Florida, 1989. (Co-authored with Jerry Dauterive.)
  • "The Impact of Foreign Sales on Total Sales Variability," Southeast Chapter of the Institute of Management Science, Myrtle Beach, l988. (Co-authored with Frank Marian.)
  • "Recent Capital Structure Trends of Major U. S. Corporations: 1975-1985," Southwestern Finance Association, Houston, l987.
  • "Some Further Evidence on Inter-Industry Capital Structure Differences, "Southeast Chapter of the Institute of Management Science, Myrtle Beach, l987.
  • "An Examination of Bias in Estimates of IRR for Risky Investments," Southeast Chapter of The Institute of Management Science, Myrtle Beach, l986.
  • "The Resolution of Investment Uncertainty and the Value of the Firm," Southern Finance Association, Atlanta, l984.
  • "On the Construction and Interpretation of Probability Distributions for NPV," Southwestern Finance Association meeting, Dallas, 1982.
  • "Psychic Income and the Small Business Entrepreneur," Annual Meeting of the Small Business Institute Directors Association, New Orleans, 1981. (Co-authored with Gerald Waddle.)
  • "An Empirical Investigation of the Role of EFA Papers in the Research-Publication Process," Eastern Finance Association, Providence (R.I.), 1981. (Co-authored with Earl Burch and Bob McElreath.)
  • "Inflation, Equity, and the Louisiana Individual Income Tax," Annual Meeting of the Academy of Louisiana Economists, Baton Rough, 1980. (Co-authored with Jerry Dauterive.)
  • "The Abandonment Decision and Internal Capital Rationing," Financial Management Association, Boston, 1979.
  • "An Empirical Investigation of the Impact of Inflation on Effective Personal Income Tax Rates: 1946-1978," Atlantic Economic Conference, Washington, 1979. (With Carl Gooding.)
  • "The Lending Practices of Rural Banks and Implications for Small Businesses," Annual Meeting of the American Institute for Decision Sciences, New Orleans, 1979. (Co-authored with Hugh Hobson.)
  • "Preferred Stock as a Source of Bank Capital," Southwest Finance Association, New Orleans, 1977. (With H.A. Hobson.)
  • "Short-term Investments in Long-term Bonds: An Analysis of Market Risk," Southwest Finance Association, New Orleans, 1977.
  • "Dividend Policy in the Banking Industry: Practice versus Theory," Midwest Finance Association, St. Louis, 1977. (With H.A. Hobson.)
  • "On the Performance of South Carolina Banks," South Carolina Academy of Science, Columbia, 1977. (With H.A. Hobson.)
  • "A Markov Model of Corporate Bond Yields," Annual Meeting of the Eastern Finance Association, Valley Forge, PA., 1976.
  • "Optimal Selection of Matched Pairs from Large Data Bases," Meeting of the Southeast Chapter of The Institute of Management Sciences, Atlanta, 1976. (With Earl Burch.)
  • "On the Decision to Initiate or Abandon a Business Venture," 1976 Conference of the National Council for Small Business Management Development, Tempe, Arizona. (With Gerald Waddle.
  • "Some Evidence on the Bond Refunding Decision," Southeast meeting of the American Institute for Decision Sciences, New Orleans, 1974.
  • "Commercial Bank Response to Changes in Regulation Q: A Multivariate Analysis," National meeting of the American Institute for Decision Sciences, Atlanta, 1974. (With John Domonkos.)
  • "Markov Chains and Financial Simulation," Southern Finance Association, Houston, 1973.
  • "Call Risk and the Prediction of Pre-Maturity Bond Redemptions," Eastern Finance Association meeting, Hartford, 1973.

Personal

Enjoys travel, hiking, camping, canoeing, and whitewater rafting

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