Dr. Betty Simkins
Associate Professor

betty.simkins@okstate.edu
Personal Website

336 Business Building

405-744-8625 (office)
405-744-5199 (department)
405-744-5180 (fax)

Academic, Military, and Professional Positions

Department of Finance, Oklahoma State University, Associate Professor, 2002
Department of Finance, Oklahoma State University, Assistant Professor, 1997 - 2002
Justus-Liebig University, Giessen Germany, Visiting Professor in International Finance, - December 2001
Department of Banking and Finance, Case Western Reserve University, Lecturer, 1992 - 1997
Department of Economics and Finance, University of Texas - San Antonio, Teaching Associate, 1988 - 1990
Wayland Baptist University, San Antonio TX, Instructor, 1988 - 1990
MedSource Corporation Teleconference Network, Program Coordinator, 1986 - 1988
Northeastern State University (University Center at Tulsa), Lecturer, 1985 - 1988
Tulsa Junior College, Lecturer, 1985 - 1987
The Williams Companies, Financial Analyst and Process Engineer, 1983 - 1985
Conoco, Inc., Chemicals Research and Development Engineer, 1980 - 1982

Awards and Honors

Williams Companies Professorship in BusinessRichard W. Poole Research Excellence Award (2009)
Best Paper Award in Risk Management for "Valuing Options when Shareholders Face Bankruptcy Risk (2007)
Best Paper in Financial Management for “Does Hedging Affect Firm Value? Evidence from the US Airline Industry” (2006)
Distinguished Chemical Engineering Graduate (2006)
Advisor Leadership Award (2004)
Technology Innovator Award (2004)
Outstanding MBA Faculty Award (2002)
Merrick Foundation Teaching Award (2001)
Regents Distinguished Teaching Award (2001)
Best Paper Award in Innovations in Teaching Finance -- Research Paper (1998)

Education

Ph D, Case Western Reserve University, Finance, 1997
MBA, Oklahoma State University, Finance, 1983
BS, University of Arkansas, Chemical Engineering, 1980

Courses Taught

FIN 4363
- Energy Finance (Fall 2009)
FIN 4363
- Energy Finance (Spring 2009)
FIN 4363
- Energy Finance (Fall 2008)
FIN 4613
- Risk Management (Fall 2006)
FIN 6053
- Financial Theory and Corporate Policy (Fall 2006)
FIN 5053
- Theory and Practice of Financial Management (Spring 2006)
FIN 6053
- Financial Theory and Corporate Policy (Fall 2005)

Contracts, Grants, and Sponsored Research

Publications

Subramanian R Iyer, D. Rogers, Betty Simkins, 2009, ""Academic Research on Enterprise Risk Management" in Enterprise Risk Management: Today's Leading Research and Best Practices for Tomorrow's Executives," Blackwell/Wiley

Betty Simkins, Kris Kemper, ""Real Options in Corporate Finance," inn R.W. Kolb & J.A. Overdahl (Eds.), Companion to Financial Derivatives," Wiley-Blackwell

Betty Simkins, "Academic Research on Enterprise Risk Management,"

Betty Simkins, Gerald D. Gay, Marian Turac, "Analyst Forecast Performance and Price Discovery in a Futures Market: The Case of Natural Gas Storage," Journal of Futures Markets

Betty Simkins, John R.s. Fraser, "Companion to Enterprise Risk Management," Wiley Publishing

Betty Simkins, John R.s. Fraser, Karen Schoening-thiessen, 2008, "Who Reads What Most Often? A Survey of Enterprise Risk Management Literature Read by Risk Executives," Journal of Applied Finance, 18 (1), 73-91.

Betty Simkins, Steven A. Ramirez, 2008, "Enterprise Wide Risk Management and Corporate Governance," Loyola University Chicago Law Journal, 39 (3)

John R.s. Frazer, Betty Simkins, 2007, "Ten Common Misconceptions about Enterprise Risk Management," Journal of Applied Corporate Finance, 19 (4), 75-81.

Betty Simkins, Kenneth Borokhovich, John Borokhovich, 2007, "Where to Look: Comparing Research Records for Tenure and Promotion," FMA Online

Betty Simkins, Kenneth Borokhovich, John Borokhovich, 2007, "Journal Influence: Impact Factors," FMA Online

Betty Simkins, Daniel A. Rogers, 2006, "Asymmetric Information and Credit Quality: Evidence from Synthetic Fixed-Rate Financing," Journal of Futures Markets, 12 (6), 595-625.

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.

Betty Simkins, Charles Smithson, 2005, "Does Risk Management Add Value? A Survey of the Evidence," Journal of Applied Corporate Finance, 17 (3), 8-17.

Betty Simkins, Tom Aabo, 2005, "Interaction Between Real Options and Financial Hedging: Fact or Fiction in Financial Decision-Making," Review of Financial Economics, 14 (Special Issue on Real Options), 353-369.

Betty Simkins, Tom Aabo, Joihn R.s. Fraser, 2005, "The Rise and Transformation of the Chief Risk Officer: A Success Story on Enterprise Risk Management," Journal of Applied Corporate Finance, 17 (3), 18-31.

Betty Simkins, Tom Aabo, 2005, "The Interaction Between Real Options and Financial Hedging in Non-Financial Firms," Journal of Financial Transformation, 13, 68-72.

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

Betty Simkins, Raj Aggarwal, 2004, "Evidence on Voluntary Disclosures of Derivatives Usage by Large U.S. Companies," The Journal of Derivatives Accounting, 1 (1), 61-81.

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.

Betty Simkins, Aaron Martin, Daniel A. Rogers, 2004, "Southwest Airlines: The Blended Winglet Project," Case Research Journal, 24, 23-33.

Betty Simkins, Kenneth Borokhovich, Kelly Brunarski, Clarie Crutchley, 2004, "Board Composition and Corporate Use of Interest Rate Derivatives," Journal of Financial Research, 27 (2), 199-216.

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.

Betty Simkins, David R. Lange, 2003, "The Retrospective Life Insurance Method: A Pedagogic Spreadsheet Application," Advances in Financial Education, 1 (Fall), 41-64.

Betty Simkins, Kenneth Borokhovich, Robert Bricker, 2003, "The Impact of Accounting Research on Finance," Critical Perspectives on Accounting, 14 (May), 417-438.

Betty Simkins, Paul Laux, 2002, "An Empirical Framework and Teaching Note for Introducing Financial Management in the First MBA Core Class," Journal of Financial Education, 28 (Fall/Winter), 1-27.

Presentations Given

An Analysis of the Implied Probability of Bankruptcy for Chapter 11 Firms and Global Banks Impacted by the Subprime Crisis
2009 FMA European Meeting
Financial Management Association
Turin, Italy - June 2009

An Analysis of the Implied Probability of Bankruptcy for Chapter 11 Firms and Global Banks Impacted by Subprime Crisis
2009 EFA Annual Meeting
Eastern Finance Association
Washington DC - April 2009

An Analysis of the Implied Probability of Bankruptcy for Chapter 11 Firms and Global Banks Impacted by the Subprime Crisis
2009 MFA Annual Meeting
Midwest Finance Association
Chicago - March 2009

Research Seminar
Ryerson University
Toronto, Canada - February 12 2009

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

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

Wilfrid Laurier University
Waterloo, Ontario - November 14 2008

What's Wrong with Corporate Risk Management and Implications for Research in Finance (Keynote Address)
43rd Conference
European Working Group on Financial Modeling
City University, Bass Business School, London - September 2008

Estimating Bankruptcy Risk from Stocks and Options
2008 Infinity Conference
University of Dublin
Dublin, Ireland - June 2008

Estimating Bankruptcy Risk from Stocks and Options
2008 EFA Annual Meeting
Eastern Finance Association
Florida, USA - April 2008

Estimating Bankruptcy Risk from Stocks and Options
2008 MFA Annual Meeting
Midwest Finance Association
Texas, USA - March 2008

Estimating Bankruptcy Risk from Stocks and Options
Webinar-PRMIA
Professional Risk Managers' International Association
Internet based - December 2007

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

Valuing Options when Stockholders face Bankruptcy Risk
2007 FMA International Meeting
Financial Management Association
Orlando, USA - October 2007

Valuing Options when Stockholders face Bankruptcy Risk
2007 FMA European Meeting
Financial Management Association
Barcelona, Spain - June 2007

Applied Life Insurance Policy Illustrator: Lab Exercises
2006 Annual Meeting
Southwest Finance Association
2006

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

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

Teaching Life Insurance by Design: Applied Life Insurance Illustrator
Southern Risk and Insurance Association
2006

Oil and Gas Risk Management Strategies
Marcus Evans
Kuala Lumpur, Malaysia - May 2006

Oil and Gas Finance and Accounting Strategies
Marcus Evans
Bahrain - March 2006

Analyst Forecast Performance and Price Discovery in a Futures Market: The Case of Natural Gas Storage
2005 Annual Meeting
Eastern Finance Association
2005

Analyst Forecast Performance and Price Discovery in a Futures Market: The Case of Natural Gas Storage
2005 Annual Meeting
Financial Management Association, Europe
2005

Analyst Forecast Performance and Price Discovery in a Futures Market: The Case of Natural Gas Storage
2005 Annual Meeting
Financial Management Association
2005

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

Asymmetric Information and Credit Quality: Evidence from Synthetic Fixed-Rate Financing
University of Arkansas
April 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

An Applied Life Insurance Policy Illustrator
2004 Annual Meeting
Southwest Finance Association
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

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

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

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

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

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

Analyst Forecast Performance and Price Discovery in a Futures Market: The Case of Natural Gas Storage
University of Oklahoma
Norman, OK - November 2004

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

Implementing Strategic Risk Management
Eksport Kredit Fonden
Copenhagen, Denmark - May 2004

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

An Applied Life Insurance Policy Illustrator
2003 Annual Meeting
Southern Risk and Insurance Association
2003

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
Eastern Financial 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

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

The Retrospective Life Insurance Method: A Pedagogic Spreadsheet Application
2003 Annual Meeting
Eastern Finance Association
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

Strategic Risk Management
Eksport Kredit Fonden
Copenhagen, Denmark - November 2003

Energy Hedging and Risk Management
Petroleum Development Institute
Houston, Texas - October 2003

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

An Innovative Approach to Teaching Finance: Using Live Cases in the Case Course
2002 Annual Meeting
Eastern Financial Association
2002

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

Board Diversity and Shareholder Value
2002 Annual Meeting
Financial Management Association Europe
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 Markets React Rationally? The Effect of the September 11th Attacks on Airline Stock Returns
2002 Annual Meeting
Southern Financial Association
2002

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

The Retrospective Life Insurance Method: A Pedagogic Spreadsheet Application
2002 Annual Meeting
Financial Management Association
2002

The Retrospective Life Insurance Method: A Pedagogic Spreadsheet Application
2002 Annual Meeting
Southern Risk and Insurance Association
2002