Dr. David Carter
Associate Professor

david.carter@okstate.edu
Personal Website

325 Business Building

405-744-5104 (office)
405-744-5199 (department)
405-744-5180 (fax)

Academic, Military, and Professional Positions

Oklahoma State University, Associate Professor, 2004
Oklahoma State University, Director, MBA Program, 2006 - 2007
Oklahoma State University, Assistant Professor, 1998 - 2004
University of North Carolina - Wilmington, Assistant Professor, 1996 - 1998

Awards and Honors

Professor of the Year (2009)
Professor of the Year (2007)
Best Paper in Financial Management Award (2006)
Professor of the Year (2006)
Greiner Undergraduate Teaching Award (2004)
Regent’s Distinguished Teaching Award (2004)
Technology Innovator Award (2004)
Teaching Award (2002)

Education

Ph D, University of Georgia, Finance, 1996
MBA, Utah State University, Business, 1990
BS, Brigham Young University, Chemical Engineering, 1985

Courses Taught

FIN 5013
- Business Finance (Fall 2009)
FIN 4453
- Bank Decisions Simulation and Analysis (Spring 2009)
FIN 5013
- Business Finance (Spring 2009)
FIN 4333
- Financial Management (Fall 2008)
FIN 5013
- Business Finance (Fall 2008)
FIN 4333
- Financial Management (Spring 2008)
FIN 5013
- Business Finance (Spring 2008)
FIN 4333
- Financial Management (Fall 2006)
FIN 4453
- Bank Decision Simulation and Analysis (Spring 2006)
FIN 4333
- FINANCIAL MANAGEMENT (Fall 2005)

Contracts, Grants, and Sponsored Research

Publications

Lee Adkins, David Carter, Gary Simpson, 2007, "Managerial Incentives and Use of Foreign-Exchange Derivative Usage by Banks," Journal of Financial Research, 30, 399-413.

David Carter, Daniel A. Rogers, Betty Simkins, 2006, "Does Hedging Affect Firm Value? Evidence from the U.S. Airline Industry," Financial Management, 35, 53-86.

David Carter, Daniel A. Rogers, Betty Simkins, 2006, "Hedging and Value in the U.S. Airline Industry," Journal of Applied Corporate Finance, 18, 21-33.

Gary Simpson, David Carter, 2006, "The Complexity of Compensation Contracts in the Banking Industry," Proceedings of the Southwest Finance Association 2006 Annual Meeting

David Carter, J. E. Mcnulty, 2005, "Deregulation, Technological Change, and the Business Lending Performance of Large and Small Banks," Journal of Banking and Finance, 29, 1113-1130.

K. Johnston, David Carter, J. Hatem, 2005, "Exchange Rates and Fundamental Variables: A Semi-Parametric Analysis of Binary Choice," Applied Economics, 37, 1915-1924.

Betty Simkins, David Carter, Christos Pantzalis, 2004, "Asymmetric Exposure to Foreign-Exchange Risk: Financial and Real Option Hedges Implemented by U.S. Multinational Corporations," Proceedings of the Assurant/Georgia Tech Tenth International Finance Conference

David Carter, J. E. Mcnulty, J. A. Verbrugge, 2004, "Do Small Banks have an Advantage in Lending? An Examination of Risk-Adjusted Yields on Small Business Lending at Large and Small Banks," Journal of Financial Services Research, 25, 233-252.

J. C. Brau, David Carter, S. E. Christophe, K. G. Key, 2004, "Market Reaction to the Expiration of IPO Lockup Provisions," Managerial Finance, 30, 87-103.

David Carter, Betty Simkins, 2004, "The Market’s Reaction to Unexpected, Catastrophic Events: The Case of Airline Stock Returns and the September 11th Attacks," Quarterly Review of Economics and Finance , 44, 539-558.

David Carter, Betty Simkins, Gary Simpson, 2003, ""Board Diversity and Firm Performance," in Research in International Business and Finance," Elsevier, 49-70.

David Carter, Betty Simkins, Gary Simpson, 2003, "Corporate Governance, Board Diversity, and Firm Performance," Financial Review, 38, 33-52.

David Carter, William Dare, William Elliott, 2002, "Determination of mean-variance efficient portfolios using an electronic spreadsheet," Journal of Financial Education, 28, 63-78.

Presentations Given

Does Hedging Reduce Economic Exposure? Hurricanes, Jet Fuel Prices, and Airlines
2008 Annual Meeting
Eastern Finance Association
St. Petersburg, FL - 2008

Does Hedging Reduce Economic Exposure? Hurricanes, Jet Fuel Prices, and Airlines
2008 Annual Meeting
Financial Management Association
2008

The Diversity of Corporate Board Committees and Financial Performance
2007 Annual Meeting
Financial Management Association
Orlando, FL - 2007

Asymmetric Exposure of U.S. MNCs
2006 Annual Meeting
Financial Management Association
Salt Lake City, UT - 2006

Asymmetric Exposure to Foreign-Exchange Risk and the Influence of Financial and Real Option Hedges
2006 Annual Meeting
Eastern Finance Association
2006

Managerial Ownership and Compensation and the Use of Interest Rate Derivatives by U. S. Banks
2006 Annual Meeting
Financial Management Association
2006

Managerial Ownership, Compensation, and the Use of Interest-Rate Derivatives by U.S. Banks
2006 Annual Meeting
Financial Management Association
Salt Lake City, UT - 2006

The Complexity of Compensation Contracts in the Banking Industry
2006 Annual Meeting
Southwest Finance Association
2006

Fuel Hedging in the Airline Industry: The Case of Southwest Airlines
2005 Annual Meeting
Eastern Finance Association
2005

Tick size and the ex-dividend stock price behavior of REITs: A re-examination
2005 Annual Meeting
Financial Management Association
Chicago, IL - 2005

Tick size and the ex-dividend stock price behavior of REITs: A re-examination
2005 Annual Meeting
Southern Finance Association
Key West, FL - 2005

Bank Financial Analysis
Intermediate School of Banking 2005
Oklahoma Bankers Association
2005

Asymmetric exposure to foreign-exchange risk: Financial and real option hedges implemented by U.S. multinational corporations
10th International Finance Conference
Georgia Tech/Fortis
Atlanta, GA - 2004

Asymmetric exposure to foreign-exchange risk: Financial and real option hedges implemented by U.S. multinational corporations
2004 Annual Meeting
Eastern Finance Association
Mystic, CT - 2004

Asymmetric Exposure to Foreign-Exchange Risk: Financial and Real Option Hedges Implemented by U.S. Multinational Corporations
2004 Annual Meeting
Eastern Finance Association
2004

Asymmetric Exposure to Foreign-Exchange Risk: Financial and Real Option Hedges Implemented by U.S. Multinational Corporations
2004 Annual Meeting
Financial Management Association, Europe
2004

Deregulation, technological change, and the business lending performance of large and small banks
2004 Annual Meeting
Financial Management Association
New Orleans, LA - 2004

Does fuel hedging make economic sense? The case of the U.S. airline industry
2004 Annual Meeting
American Finance Association
San Diego, CA - 2004

Does Fuel Hedging Make Economic Sense? The Case of the U.S. Airline Industry
2004 Annual Meeting
American Finance Association
2004

Fuel Hedging in the Airline Industry: The Case of Southwest Airlines
2004 Annual Meeting
Financial Management Association
2004

Managerial incentives and likelihood and extent of foreign-exchange derivative usage by U.S. commercial banks
2004 Annual Meeting
Southern Finance Association
Naples, FL - 2004

The Effect of Managerial Incentives on the Use of Foreign-Exchange Derivatives by Large U. S. Bank Holding Companies
2004 Annual Meeting
Southern Finance Association
2004

The Market’s Reaction to Unexpected, Catastrophic Events: The Case of Airline Stock Returns and the September 11th Attacks
2004 Annual Meeting
Financial Management Association
2004

The Market’s Reaction to Unexpected, Catastrophic Events: The Case of Airline Stock Returns and the September 11th Attacks
2004 Annual Meeting
Eastern Finance Association
2004

Asymmetric Exposure to Foreign-Exchange Risk: Financial and Real Option Hedges Implemented by U.S. Multinational Corporations
2004 Assurant/Georgia Tech Tenth International Finance Conference
Assurant/Georgia Tech
2004

Bank Financial Analysis
Intermediate School of Banking 2004
Oklahoma Bankers Association
2004

Fuel hedging in the airline industry: The case of Southwest Airlines
2004 Annual Meeting
Financial Management Association
New Orleans, LA - October 2004

Does Fuel Hedging Make Economic Sense? The Case of the U.S. Airline Industry
University of Kansas
March 2004

Asymmetric Exposure to Foreign-Exchange Risk: Financial and Real Option Hedges Implemented by U.S. Multinational Corporations
2003 Annual Meeting
Financial Management Association
2003

Do Markets React Rationally? The Effect of the September 11th Attacks on Airline Stock Returns
2003 Annual Meeting
Financial Management Association Europe
2003

Do Markets React Rationally? The Effect of the September 11th Attacks on Airline Stock Returns
2003 Annual Meeting
Eastern Financial Association
2003

Does Fuel Hedging Make Economic Sense? The Case of the U.S. Airline Industry
2003 Annual Meeting
Financial Management Association, Europe
2003

Ex-Dividend Stock Price Behavior: Taxes and Ticks
2003 Annual Meeting
Financial Management Association
Denver CO - 2003

Ex-Dividend Stock Price Behavior: Taxes and Ticks
2003 Annual Meeting
Southwestern Finance Association
Houston TX - 2003

Ex-dividend stock price behavior: Taxes and ticks
2003 Annual Meeting
Financial Management Association
Denver, CO - 2003

Ex-dividend stock price behavior: Taxes and ticks
2003 Annual Meeting
Southwest Finance Association
Houston, TX - 2003

Managerial incentives and likelihood and extent of foreign-exchange derivative usage by U.S. commercial banks
2003 Annual Meeting
Financial Management Association
Denver, CO - 2003

The Effect of Managerial Incentives on the Use of Foreign-Exchange Derivatives by Large U. S. Bank Holding Companies
2003 Annual Meeting
Financial Management Association
2003

The market’s reaction to unexpected, catastrophic events: The case of airline stock returns and the September 11th attacks
2003 Annual Meeting
European FMA
Dublin, Ireland - 2003

The market’s reaction to unexpected, catastrophic events: The case of airline stock returns and the September 11th attacks
2003 Annual Meeting
Eastern Finance Association
Orlando, FL - 2003

Asymmetric Exposure to Foreign-Exchange Risk: Financial and Real Option Hedges Implemented by U.S. Multinational Corporations
2003 Real Options Conference
Washington D.C. - 2003

Do small banks have an advantage in lending? An examination of risk-adjusted yields on small business lending at large and small banks
“Whither the Community Bank?” conference
Federal Reserve Bank of Chicago
Chicago, IL - 2003

Does Fuel Hedging Make Economic Sense? The Case of the U.S. Airline Industry
Kent State University
August 2003

Board Diversity and Shareholder Value
2002 Annual Meeting
Financial Management Association Europe
2002

Board Diversity and Shareholder Value
2002 Annual Meeting
Eastern Financial Association
2002

Corporate governance, board diversity, and firm performance
2002 Annual Meeting
European FMA
Copenhagen, Denmark - 2002

Corporate governance, board diversity, and firm performance
2002 Annual Meeting
Eastern Finance Association
Baltimore, MD - 2002

Corporate Governance, Board Diversity, and Firm Performance
2002 Annual Meeting
European Finance Association
2002

Corporate Governance, Board Diversity, and Firm Performance
2002 Annual Meeting
Eastern Finance Association
2002

Do corporate benefits benefit the shareholder: Evidence from the banking industry
2002 Annual Meeting
Midwest Finance Association meetings
Chicago, IL - 2002

Do Markets React Rationally? The Effect of the September 11th Attacks on Airline Stock Returns
2002 Annual Meeting
Southern Financial Association
2002

Do small banks have an advantage in lending? An examination of risk-adjusted yields on small business lending at large and small banks
2002 Annual Meeting
Financial Management Association
San Antonio, TX - 2002

Does fuel hedging make economic sense? The case of the U.S. airline industry
2002 Annual Meeting
European FMA
Copenhagen, Denmark - 2002

Does Fuel Hedging Make Economic Sense? The Case of the U.S. Airline Industry
2002 Annual Meeting
Eastern Finance Association
2002

The market’s reaction to unexpected, catastrophic events: The case of airline stock returns and the September 11th attacks
2002 Annual Meeting
Southern Finance Association
Key West, FL - 2002

The Structure of Compensation Contracts and Shareholder Value in the Banking Industry
2002 Annual Meeting
Midwest Finance Association
2002

Bank Financial Analysis
Intermediate School of Banking
Oklahoma Bankers Association
2002

Bank Investments
Intermediate School of Banking
Oklahoma Bankers Association
2002