SUMMARY OF BACKGROUND AND QUALIFICATIONS

OF

ADRIAN ED EDWARDS

 
ADDRESS

6565 Pleasantview Drive Home (269) 327-4764
Portage, Michigan 49024 Business (269) 387-5722
  Fax (269) 327-7655

PROFESSIONAL TRAINING

B. Comm (Economics and Accounting) 1960,
St. Francis Xavier University, Antigonish, Nova Scotia, Canada

M.B.A. (Finance and Economics) 1962,
The University of Detroit, Detroit, Michigan

PH.D. (Finance) 1967,
The Ohio State University, Columbus, Ohio

 

ACADEMIC EXPERIENCE
 
1964 - 1968.................Assistant Professor of Finance & Commercial Law
                                   Western Michigan University, Kalamazoo, Michigan  

1968 - 1973.................Associate Professor of Finance & Commercial Law
                                   Western Michigan University, Kalamazoo, Michigan

1969 - 1975.................Chairman, Finance Area, College of Business
                                   Western Michigan University, Kalamazoo, Michigan

1976 - 1977.................Professor of Business Administration and Chairman St. Mary's University,
                                   Halifax, Nova Scotia (While on leave - Western Michigan University)

1973 - Present..............Professor of Finance & Commercial Law
                                    Western Michigan University, Kalamazoo, Michigan 

July 1998 - Present.......Chair, Department of Finance and Commercial Law
                                    Western Michigan University, Kalamazoo, Michigan
 

 
ACADEMIC HONORS
 
1973 - 1993.......Qualified for Annual Performance Merit increases (Except 1997-Sabbatical; None                          awarded at WMU in 1985)

1990 & 1991......Department Nominee for Teaching Excellence (Special State of Michigan award)                          Recipient of Special Resolution in Michigan House of Representatives for Teaching                          Excellence

NON-ACADEMIC EXPERIENCE
 
1954 - 1956.......The Bank of Montreal, Grand Falls, Newfoundland

1957 - 1959.......The Bank of Montreal, Grand Falls, NFLD (Summers)

1960..................The Federal Government of Canada, St. John's,NFLD
                          (Economic Analysis, Federal Dept of Fisheries)

1961..................The Federal Government of Canada, Ottawa, Ontario
                          (Budget Analysis, Federal Dept of Finance)

1970 - Present....Economic Consultant, Kalamazoo, Michigan

1987 - 1998.......Trustee, Parkstone Group of Mutual Funds

 

PROFESSIONAL ASSOCIATIONS

Institute of Global Business

National Association of Forensic Economists

Institute of Business Appraisers

American Academy of Economic and Financial Experts

The Midwest Academy of Financial Services
 

ACADEMIC TEACHING AREAS

Valuation Analysis - Business Valuation, various aspects of litigation situations (Graduate)

Investment Analysis and Portfolio Management - (Graduate)

Security Analysis - (Graduate and advanced undergraduate)

Investment Analysis - (Advanced Undergraduate)

 

COMMITTEES

Served as Chair:

 
 
PUBLICATIONS, RESEARCH, PROFESSIONAL REVIEWS

"Reindustrialization of Michigan" Funded research at WMU 1983-1985.

"The Triod of Practice Management" (with Chas. Patterson, DDS) Journal of the Michigan Dental Association.         1984

Principles of Financial Management - A Study Guide (with Burton Kolb) 1985.

"Interest Rate Trends for Major Credit Card Customers" WMU Media Services 1986.

"Impact of Tax Reform Act on the use of Home Equity Loans" WMU Media Services 1986.

"Implications of Computer Trading and Overall Computer Use on the Future of the Securities Markets" WMU         Media Services 1986.

"Risk-Return Experience from 1979-1987 in Socially-Conscious Mutual Funds" - Funded Research at WMU         1987-1988.

Investments - A Study Guide - (with Robert STrong and George Trivoli) 1988.

"Valuation Techniques for Closely-Held Businesses" Working Paper, Western Michigan University, Haworth         College of Business.

"Risk-Return Experience from 1979-1988 in Socially-Conscious Mutual Funds" - Funded research grant from         WMU 1989.

"Hedonic Damages - The Intangible Value of a Human Life". Funded research grant from WMU 1990

"Impact of the Free Trade Agreement Between Canada and the United States on the Investment and Financial         Services Area" Midwest Business Finance Association 1989.

"The Potential for Growth in the Financial Services Area - Six Months After the Free Trade Agreement"         Southern International Business Convention 1989 (with F.W. McCarty).

"Experience of Bondholders in Business Takeovers" Discussant paper at Midwest Finance Association Annual         Convention,Chicago 1990.

"The Financial North-Star Revisited" (with I. Mangla) presented at Facing East - Facing West in Kalamazoo,         Michigan by A. Edwards, April 1991. Presented in Calgary by I. Mangla.

"The Role of the Defense Economist" Discussant paper at Midwest Economics Association Convention,
        St. Louis, MO April 1991.

"The Economic Expert in Wrongful Death/Personal Injury Case: Workable Competition or Monopoly Power?"         Discussant paper at Midwest Economics Association Convention, St. Louis, MO April 1991.

"Qualifications, Ethics and Professional Responsibility in Forensic Economics" Discussant paper at Midwest         Economics Association Convention, St. Louis, MO April 1991.

"Financial Issues of the 1990's" A two-day seminar in Jakarta, Indonesia at the invitation of the Nitro Institute of         Banking, Jakarta, Indonesia, August 1991.

"Risks and Returns in Global investing" - Funded research (WMU), Fall 1991.

"Profitability of Midwest United States Bank Mergers", Discussant paper at Midwest Economics Association         Convention, Chicago, Illinois, April 1992.

"Financial and Legal Aspects of International Mergers and Acquisitions" - Funded research (WMU), Fall-Winter         1992-93.

"Investment Performance of South-Africa Free Mutual Funds, 1977-91" presentation at Michigan-Ontario         Association of Colleges of Business, November 1992.

"Investment Performance of Socially-Conscious Mutual Funds, 1977-92" - Presentation at the Midwest Business         Administration Association Convention, April 1993.

"Risk-Return Experience of International and Global Mutual Funds, 1983-92" - Presentation at Midwest Business         Administration Association Convention, March 1994.

"The Industry Factor in Security Analysis" Discussant Paper presented at the Midwest Business Administration         Association Convention, Chicago, Illinois, March 1994.

"Model for Determining Investment Possibilities in Developing Countries". Discussion Paper presented at the         Midwest Business Administration Association Convention, Chicago, Illinois, March 1994.

"Risk-Adjusted Performance of Open-end and Closed-end Mutual Funds Investing in Mexico" - (with Prof.
        James D'Mello) - Facing North-Facing South. A Multidisciplinary Conference on U.S., Canada,
        and Mexico and NAFTA, Western Michigan Univeersity, Kalamazoo, May 1994.

"Risk-Adjusted Performance of Closed-end Emerging-country Funds, 1988-1993" - (with Prof. Ajay Samant) -
        Funded Research (WMU), Fall-Winter 1994-1995. Paper presented at the Midwest Business Administration         Association Convention, Chicago, Illinois, March 1995.

"The End of Apartheid: What was the Cost to Investment Returns From Divestment from South African Stocks?".         Paper presented at the Midwest Business Administration Association Convention, Chicago, Illinois,
        March 1995 - (with Prof. Ajay Samant).

"Risk-Adjusted Performance of Asian Emerging Closed-end Funds". Paper presented at Facing East-Facing         West Symposium, Western Michigan University, Kalamazoo, Michigan. June 1995. (with Prof Ajay Samant)

"Risk-Adjusted Performance of Bank-Managed versus Non-Bank Managed Mutual Funds". Funded Research         (WMU), Fall-winter 1995-96. Paper presented at the Midwest Business Administration Association         Convention, Chicago, Illinois, March 1996. (with Prof Ajay Samant)

"Risk and Return in Emerging Closed-end Funds", (with Prof. Ajay Samant), The Journal of Global Finance,         Spring 1996, Vol. 7, No. 12 pp.49-58.

"Risk-Adjusted Performance of Global and International Mutual Funds, 1986-1995" Presentation at Fall         Meetings of the Association for Global Business, Dallas, Texas, November 1996.

"The Thai Stock Exchange - The Efficiency in Day of the Week Trading". Discussant Paper at the Fall Meetings         of the Association for Global Business, Dallas, Texas, November 1996.

"A Comparative Analysis in the Risk-Return Profiles of Balanced versus Asset-Allocation Mutual Funds",         Funded Research (WMU), Fall - Winter 1996-97. Presented at 1997 Convention of Midwest Business         Administration Association (with Ajay Samant).

"Risk-Adjusted rates of return for Emerging Nations Mutual Funds: 1987-1996". Presented at Fall Mettings of         the Association for Global Business, Washington, D.C., November 1997. (With Ajay Samant)

"Performance Measurement of the Top Twenty Mutual Funds using the Modigliani & Modigliani Risk-Adjusted         Method: 1980 to 1997" Presented at the 1999 Convention of Midwest Business Administration Chicago,         Illinois, March 1999 (with Ajay Samant).

"Investment Performance of the 50 Largest International Mutual Funds: 1988-1998. Presented at the 1999         Convention of the Association of Global Business, Las Vegas, Nevada, November 1999 (with Ajay Samant)

"Internet Stocks...Bubbles or Values" Presented at the Haworth College of Business Dean's Breakfast Series,         November 1999 (with Jim DeMello)

"Using the M2 Model to Evaluate the Performance of the 50 largest Technology Funds: 1989-1999". Presented at         the 2000 Convention of the Midwest Business Administration Association, Chicago, Illinois, March, 2000         (with Ajay Samant)

"Measuring Risk Under Current ADA Guidelines." Discussant paper presented at the 2000 Convention of the         Midwest Business Administration Association, Chicago, Illinois, March, 2000

"A Quarterly Examination of Brokers" Recommendations and EPS Growth Estimates." Discussant paper         presented at the 2000 Convention of the Midwest Business Administration Association, Chicago, Illinois,         March, 2000

"Risk-Adjusted Returns of Asian Open-End Mutual Funds" Facing East, Facing West Economic Conference,         Kalamazoo, MI, June 2000 (with Ajay Samant)

"Mutual Fund Investing in Asia: Open-end or Closed-end? A Risk Adjusted Analysis" Facing East, Facing West         Economic Conference, Kalamazoo, MI, June 2000 (with Ajay Samant and Jim DeMello)

"How Socially-Responsible Mutual Funds Measure Up on a Risk Adjusted Basis, (1990-1999). Southern Finance         Association. Savannah, GA, November, 2000.

"Performance Measurement of International Closed-end Funds, 1990-1999 Association for Global Business,         Orlando, FL, November, 2000.

"European Mutual Funds - A Performance Measurement, 1991-2000" Presentation at 2001 Convention of the         Midwest Business Administration Association Chicago, Illinois, March 2001.
        (with Ajay Samant and Jim DeMello)

"An Analysis of Tracking Stock Investment Performance: 1985-2000" Presentation at 2001 Convention of the         Midwest Business Administration Association Chicago, Illinois, March 2001.
        (with Ajay Samant and Jim DeMello)

"An Analysis of Tracking Stock Investment Performance: 1985-2000" Midwest Finance Association, Cleveland,
        Ohio, April 2001

"European Mutual Funds-A Performance Measurement: 1991-2000" The Review of the Academy of Finance,
        Volume 1, No.1,pp.38-49
        (with Jim Demello and Ajay Samant)

"Evaluating the Investment Performance of Latin American Open-end and closed-end Funds, 1990-2000"        
       Association for Global Business
, Cancun, Mexico, November 2001
       (with Ajay Samant and Jim Demello)

"Bank-Sponsored Mutual Funds: A Report Card, 1995-2001"Midwest Business Administration Association,         
       Chicago, Illinois, March 2002
       (with Ajay Samant)

"Most Efficient International Diversification: Mutinationals or Mutual Funds," Association for Global Business,        Las Vegas, Nevada, November 2002.
       (with Ajay Samant)

 

PRESENTATIONS

Approximately 50 presentations of a financial and economic nature before various professional groups.

 

REVIEWS

Approximately 50 reviews of professional finance, economic and investments texts.
 

 
LITIGATION EXPERIENCE 

Over 900 consultations involving personal injury, wrongful death, wrongful termination, business valuations, pension valuations and lost profits in Michigan, Indiana, Illinois and Ohio.
 

   

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                                                                                                    Last Updated: February 28, 2003