Robert M. Eldridge CV
OFFICE ADDRESS: HOME ADDRESS:
Southern Connecticut State University 309 West Main
501 Crescent Street Milford, CT 06460
New Haven, CT 06515 (203) 876-5046
Doctor of Business Administration, Finance and Investments
The George Washington University, 1987
Minor field: International Finance
Dissertation: An Examination Of The Changes In The Risk-Return Characteristics Of A Large Diversified Portfolio of Common Stocks Resulting From The Inclusion
Of Stock Index Futures: Theory And Evidence
Master of Science in Administration, Business Financial Management
The George Washington University, 1975
Bachelor of Science, Naval Science
United States Naval Academy, 1960
Southern Connecticut State University
Professor, Economics and Finance (1999)
Associate Professor, Economics and Finance, 1994 to 1999
Alburtus Magnus College
Adjunct in Economics 1993 to 1994
Southern Connecticut State University
Adjunct in Finance 1993 to 1994
University of New Haven
Adjunct in Economics 1993 to 1994
Fairfield University, School of Business
Assistant Professor of Finance, 1988 to 1993
University of Sheffield, Sheffield, England
Lecturer in Finance, 1987-1988
The George Washington University
Visiting Assistant Professor of Finance, 1985-1987
Lecturer in Finance (Adjunct), 1980-1985
George Mason University
Lecturer in Finance, Summer 1985
Florida State University, Canal Zone Branch
Adjunct in Management, Spring, 1976
Vietnamese-American Association, Saigon, RVN
Lecturer in English, Spring, 1970
United States Navy, Commissioned Officer, serving in Navy and joint staff assignments afloat, ashore, domestic and foreign, 1960-1980
HONORS AND AWARDS:
- Awarded Anthony V. Pinciero award for service to the Business School 1998-1999
- Nominated for 1997-1998 School of Business Service Award
- Voted teacher of the Year, School of Business, 1996-1997
- Southern Connecticut State University
- Selected as Mellon Visiting Fellow at Yale University
- Nominated as Teacher of the Year, Fairfield University
- Beta Gamma Sigma, 1987
- George Washington University Fellow, 1982-1983
- Aryamehr Fellow in International Business, George Washington University, 1980-1981
PROFESSIONAL MEMBERSHIPS AND AFFILIATIONS:
- Multinational Finance society
- Society for the Study of Chaos in Psychology and the Life Sciences
- Financial Management Association
- American Economic Association
- Eastern Finance Association
- Eastern Economics Association
- Reviewer, European Journal of Finance, 2001
- Reviewer, Foundations of Corporate Finance, 2nd edition, Hickman, Hunter and Boyd, South West Publishing, 2000
- Referee, Complexity and Chaos in Nursing, 1994, 1996
- Reviewer, Fundamentals of Investments, Alexander and Sharpe, Prentice-Hall, NJ, 1992
- Referee, Journal of Business Finance and Accounting, 1991, 1992, 1993, 1994, 1997-
- Referee, Journal of Business and Economic Studies, 1991, 1997-
- Referee, The Business Journal, 1998-
- Reviewer, Introduction to Futures and Options Markets, Hull, Prentice-Hall, NJ, 1988
- Reviewer, Finance Text, Cassell Publishing Co., London, 1987
- Referee, Journal of Futures Markets, 1987, 1989, 1993, 1997-
- Reviewer, Corporate Finance, Ross-Westerfield, First Edition, Times-Mirror Publishing Co., 1986
- Referee, Journal of Financial Research, Georgetown University, 1982
"Evidence of Market Inefficiency in a War Environment", Applied Financial Economics, Vol 10, 2000, co-author Dr. David Chappell, University of Sheffield, U.K.
"Viatical Settlements: A New Security for Your Short-Term Portfolio", with M. Aub. T M AJournal, Vol. 17, No. 6 November/December 1997
"Sterling and the European Currency Unit: A Random Walk or Chaotic", co-authored with D. Chappell, University of Sheffield, U.K. European Journal of Finance, Vol. 3, No 2 June 1997
"Foreign Investment Risk and Return on Index-Linked Gilts" The International Journal of Finance, vol. 8, No 1, 1996 Co-authored with Dr. Michael Tucker, Fairfield University.
"Evidence of Chaos in the S & P 500 Cash Index" with Bernhardt and Mulvey. Invited chapter eight in Chaos and Nonlinear Dynamics in Financial Markets, edited by R.J. Trippi, Irwin Professional Publishing, 1995.
"On the Existence and Implied Cost of Carry in a Medieval English Forward/Futures Market". Review of Futures Markets, Vol. 11, No. 1, 1993. Co-authored with Dr. Robert Maltby, University of Leeds, U.K.
"Evidence of Chaos in the S & P 500 Cash Index." Recent Advances in Futures and Options Research, Vol. 66, 1993. Co-authors Dr. Christopher Bernhardt and Dr. Irene Mulvey, Department of Mathematics, Fairfield University.
Commentary, The Review of Futures Markets, Vol. 7 Supplement, October, 1988
(Proceedings of the First Annual European Futures Research Symposium, Barcelona, Spain.)
"On The Hedging Of Large Equity Portfolios With Stock Index Futures: The American Experience 1982-1984," University of Sheffield Discussion Paper 87.10, November 1, 1987.
"Intertemporal Price Volatility of Foreign Currency Futures," Journal of Futures Markets, Summer, 1984.
RESEARCH PENDING WITH JOURNALS/CONFERENCES:
“Evidence of Non-Linearity in the Czech Crown/Dollar Exchange Rate”, joint with Dr D. Chappell, University of Sheffield, UK pending with European Journal of Finance
“Cost of Learning, Cost of Carry: The Implied Cost of the FTSE100 Futures Contract at Introduction”.
RESEARCH IN PROGRESS:
A study of the interest rates charged by the Knights Templar in the 13th Century. The first activity in this project is the translation of: Des Banquiers au Moyen Age: Les Templiers; Etude de leurs Operations Financieres, by Jules Piquet; this will be followed by a translation of Memoire sur les operations financieres des Tempiers by Leopold Delisle. This work is related to the Yale Mellon Fellowship held for the 1996-1997 academic year.
An application of non-linear dynamics mathematics to stock market prices. Joint work with Dr. Andrew Sirius, Rutherford Laboratory, Cambridge, England.
A study of the existence and cost of carry of a medieval wood forward/futures contract from Meaux Abbey, England. Joint with Dr. Robert Maltby, University of Leeds, U.K.
A study of chaos in the S & P 500 Futures Markets. Companion piece to that published in 1993.
A study of no-arbitrage conditions between stock index futures and cash market pricing.
Joint with Dr. David Eagle, Eastern Washington University.
An examination of the non-linear characteristics of security trading using high frequency data. Joint with Dr. Edward Aboufadel, Grand Valley State University, Michigan.
"Verifying the Cost-of Carry model: Can the fair price be derived by nonlinear filtering and is the model nonlinear". Forthcoming, UTS Sydney, Australia, working papers, joint with Dr. Max Stevenson.
"Derivation of the fair price using wavelet analysis: Implications for verifying the Cost-of-Carry model". Forthcoming, UTS Sydney, Australia, working papers, joint with Dr. Max Stevenson.
CITATION OF WORK BY OTHERS:
"A Non-linear Time Series Exploration of the French Franc/Deutschmark Exchange Rate", D. Chappell et al, University of Sheffield, U.K. Economics Discussion Paper No. 93.41, Nov 1993.
"Market Efficiency and Price Determination of South African Financial Futures Contracts", H.A. Lambrechts, D.B.A. dissertation submitted to Faculty of Economic and Management Sciences, University of Pretoria, Pretoria, South Africa, November 1990.
Effective Control of currency Risks: A Practical comprehensive guide, Enzio von Pfiel, St. Martins Press, 1988.
"An Examination of Basis Risk Due to Estimation," Moser and Helms, Journal of Futures Markets, Vol. 10, Nr5, 457-467.
"The Hedging Implications of Basis Risk: Theory and Evidence," author unknown, Journal of Financial and Quantitative Analysis, manuscript 4830, 1987.
PROFESSIONAL PRESENTATIONS AND CONFERENCE PARTICIPATION:*
“The Role of Intraday Effects in Determining Linear and Nonlinear Granger Causality between
Australian Futures and Cash Index Markets”, co-authored with Dr Maxwell Stevenson, University
of Technology, Sydney, Australia. 2000 New England Business Administration Association conference,
“Cost of Learning, Cost of Carry: The Implied Cost of the FTSE100 Futures Contract at Introduction”
Multinational Finance Society meeting 2000.
“On the Existence and Implied cost of Carry in a Medieval English Forward/Futures market”.
Sixth Connecticut State University Faculty Research Conference. 16 Oct 1999. Eastern Connecticut State University.
Discussant "Forms of Complex Dynamics in Transitional Economies", by J. B. Russer and M.V. Russer, 1998 Eastern Economic Association Meeting, non-linear dynamics seminar.
"On the Existence and Implied Cost of Carry in a Medieval English Forward/Futures Market." Invited presentation Economic History Workshop, Yale University, April 17, 1997
Invited participant, CBOT Futures Conference, Houston, Texas, December 1995
"Sterling and the European Currency Unit: A Random Walk or Chaotic?", co-authored with Dr. David Chappell, University of Sheffield, U.K. 2nd Annual Conference on Multinational Financial Issues, Philadelphia, PA June 1995
Discussant "An International Accounts Receivable Management Model", by Y. E. Orgler and P. Ahtiala. 2nd Annual Conference on Multinational Financial Issues, Philadelphia, PA June, 1995.
Invited participant, Seventh Annual European Futures Research Symmposium, Bonn, Germany, 1994.
"Non-Linear Characteristics of the Sterling/ European Currency Unit Exchange Rate: 1984-1992", Eastern Economic Association meeting, 1994. Co-author Dr. David Chappell, University of Sheffield, U.K.
"Foreign Investment Risk and Return on Index-Linked Gilts", Eastern Finance Association meeting, 1994. (Co-Author Michael Tucker, DBA, Fairfield University). Presented by M. Tucker.
Discussant "Do Locals Have Better Information then Foreigners? An Analysis of UK and US Mutual Fund Managers", by R.K. Shukla and G.B. Van Inwegan, Eastern Finance Association Meeting.
"Sterling and the European Currency Unit: A Random Walk or Chaotic?" Econometrics conference in Germany, September 1993. ( Co-author David Chappell, Ph.D., University of Sheffield, UK). Presented by D. Chappell.
Invited participant, Sixth Annual European Futures Research Symposium, Manchester, England, 1993.
" The British FTSE-100 Index: Chaotically Deterministic or Random?" European Financial Management Conference, Virginia Beach, VA, 1993. (Co-author Matthew Coleman, Ph.D., Fairfield University).
Discussant, "Mergers and Acquisitions in a United Europe: Towards an EC-wide Code of Conduct Through Accelerated Integration," by J.F. de Roos, 2nd Annual European Financial Management Issues Conference, Virginia Beach, VA, 1993.
Invited Participant, Futures Research Conference, Chicago Board of Trade, April, 1993.
"Evidence of Chaos in the FTSE100 Indices-Cash and Futures 1984-1987." Presented at the Eastern Finance Association Meeting, 1993. ( Co-author Matthew Coleman, Ph.D., Fairfield University).
Discussant, " Arbitrage Opportunities in Currency and Credit Markets: New Evidence, " by J.S. Thatcher and L. Blenman, Eastern Finance Association Meeting, 1993.
Discussant, "The Equivalence of the Cascading Scenario and the Backward-Bending Demand Curve Theory of the 1987 Stock Market Crash," by D. Eagle, Eastern Finance Association Meeting, 1993.
Discussant, "A Modified R/S Analysis of Long-Term Dependence in Currency Futures Prices," by L.P. Hsueh, Y.A. Liu and M.S. Pan, Eastern Finance Association Meeting, 1993.
Invited participant, Fifth Annual European Futures Research Symposium, Leuven, Belgium, 1992.
"Applications of Chaos Theory to Stock Index Values." Invited presentation to the faculty of The Management School, University of Sheffield, United Kingdom, June, 1992.
"Applications of Chaos Theory to Stock Index Values." Invited presentation to faculty of The Economics Department, University of Dundee, United Kingdom, June, 1992.
"On the Existence and Implied Cost of Carry in a Medieval English Forward/Futures Market." Invited presentation to the faculty of Classics and the faculty of Medieval History, University of Leeds, United Kingdom, June, 1992.
"Applications of Chaos theory to Stock Index values." Invited presentation to the faculty and doctoral students, University of Connecticut, March 20, 1992.
"On the Existence and Implied Cost of carry in Medieval English Forward/Futures Market," Fourth Annual European Futures Research Symposium, Porto, Portugal,1991. (Co-Author Dr. Robert Maltby).
"On the Existence and Implied Cost of Carry in Medieval English Forward/Futures Market," Presented at the Eastern Economics Association Meeting, 1991. (Co-author Robert Maltby, Ph.D., University of Leeds, U.K.)
"Evidence of Choas in the S & P 500 Cash Index." Presented at the Eastern Economic Association Meeting,1991. (Co-authors Christopher Bernhardt, Ph.D. and Irene Mulvey, Ph.D., Fairfield University).
Panel Chair, "Exchange Rates Modeling," Eastern Economic Association Meeting, 1991.
Invited Participant, Third annual European Futures Research Symposium, The Hague, 1990.
Invited Participant, Polish-American Capital Markets Seminar, Washington, DC, 1989.
Invited participant/Discussant, "The Relationship between European and U.S. Prices for Soybeans and Maize, 1966-1988," B.G. Kingsman, First annual European Futures Research Symposium, Barcelona, 1988.
Invited Participant, "On the Hedging of Large Equity Portfolios with Stock Index Futures: The American Experience 1982-1984," International Finance Seminar, EIASM, Brussels, 1987.
Panel Chair," Working Capital Management," FMA, 1986.
Discussant, "The Relative Efficiency of the Gold and T Bill Futures Markets," by R. Cohn, Eastern Economics Association Meeting, 1986.
Discussant, "Arrow-Debreu: Models of Claims Contingent on Asset Prices," by W. Margrabe, Eastern Economics Association Meeting, 1984.
Academic Intern, Chicago Board of Trade, 1982, 1983.
Invited Participant, Doctoral Seminar, Financial Management Association Meeting, 1982.
Note: In those cases where Invited Participant is noted, the conference organizers paid all or a substantial portion of the costs of participation.
OTHER SIGNIFICANT ACTIVITY, NOT OTHERWISE CLASSIFIED
On the 17th Oct 1997 the Department of Economics and Finance, Southern Connecticut State University and the Department of Economics, Yale University, presented a symposium on the tenth anniversary of the Stock Market Crash of 1987. I conceived of the idea, planned and organized the proceedings. Resulting press coverage included: The New Haven Register, The Connecticut Post, WELI radio, CH 8 and CH 12 television and the Reuters Press Service. Over 100 persons were in attendance.
During the period 1996-1997, served as mentor and advisor to an undergraduate student, Mr. Marc Aub, in developing a legislative initiative for the Connecticut General Assembly that would regulate viatical insurance settlements in the State of Connecticut. The activity involved developing the basic proposal, briefing the Assembly committee chair, working with committee counsel, executive department counsel and interested industry lobbyists to develop the bill, delivering testimony to the Committee on Insurance and Real Estate and replying to the concerns raised by various interested parties. On August 14, 1997 Governor John Rowland signed Mr. Aub's bill into law. It is believed that this is the first time that an undergraduate student of SCSU has successfully completed such a task.
In 1997 I organized the first academic Treasury Management Program recognized by the Treasury Management Association (now the Association for Financial Professionals) in the State of Connecticut. This program is now a permanent part of the finance program at SCSU.
Southern Connecticut State University:
University Honors Committee 1997-
Economics/Finance Department Representative to University Honors Committee 2000-
Member, School of Business Decanal Search Committee 1996-1997
Department AAUP Rep 1996-
Member, Search Committee, Vice President for Finance and Administration 1996
Economics/Finance Department Curriculum Committee 1994 -
Economics/Finance Department Search Committee 1994 –; Chair 1999-
Economics/Finance Department Personnel Committee 1997
Economics/Finance Department Library Liaison 1998-
Economics/Finance Department Assessment Committee 1998-
Economics/Finance Department Enrollment Mgt. Committee 1998-
Economics/Finance Department New Faculty Mentor 1998,2000
Economics/Finance Department AAUP representative
Business School Curriculum Committee-alternate 1994-1996; Member 1996-
School of Business Graduate Curriculum Committee 1994-1996 Alternate/Full member 1997-
Faculty Research Seminar committee 1994-Chair 1996-2000
Economics/Finance Department - Faculty Senate Alternate 1994-1997; Primary 1997-2000
Faculty Senate Finance Committee 1995-Chair 1997-2000
Faculty Senate Executive Committee 1997-2000
Faculty Senate Treasurer 1998-2000
University Planning and Budget Committee 1995-2000
Institutional Review Board 1995-1997
New England Association of Schools and Colleges
Accreditation Program-Interim Report Committee 1996
Faculty Advisor, Financial Management Association Chapter at SCSU 1999-2000
Library Committee, 1989 to 1991
School of Business Library Representative, 1989-1990
Faculty Advisor, University Chapter, Financial Management Association 1989-1993
The University of Sheffield School of Management
Computer Committee 1987-1988
Faculty Advisor, University Chapter, Financial Management Association 1987-1988
The George Washington University
School of Government and Business Administration
Faculty Advisor, University Chapter, Financial Management Association 1983-1987
State of Connecticut:
Member, Investment Management Committee, Masonicare, Inc, Wallingford 1999 –
Grand Representative of the Grand Lodge of Western Australia, F&AM to the Grand Lodge of Connecticut. AF&AM
Master, Masonic Lodge of Research, Grand Lodge, AF&AM of Conn., 1999
Organist, Ansantawae Lodge #89, AF&AM, Milford 1998-
Genealogy Research Committee, Milford Historical Society, 1991 to present
St. Peters Episcopal Church, Milford, Conn.:
Finance Committee, 1993
Usher 1997 –
Lector 1997 -
Pension and Retirement Board, City of Milford:
Member, 1989 to 1991
Executive Secretary, 1992 to 1994
Member, Investment Manager Selection Committee, 1992-1994
Member, Asset Allocation subcommittee, 1989 to 1994
Volunteer canvasser, Drug Free Milford, 1990
Member, Board of Directors, Good Shepherd Day Care Center, 1993
Panama Canal Zone:
Member, Governor's Committee on Gifted and Talented Education, 1975-1976
Fairfax County, Virginia:
Vestry, St. Patrick's Episcopal Church, Falls Church, VA 1971-1973, 1983-1985
PTA President, 1972-1973
Magisterial District Representative to country school closing policy committee 1973-1974
Volunteer Canvasser, Heart Fund, various years