Associate Professor
Department of
Finance and Commercial Law Residence:
Haworth College
of Business
Western Michigan
University
2161 Wild Cherry
Ln.
Kalamazoo, MI
49009
Work Phone: (616)
- 387 - 5761
Home Phone: (616)
- 375 - 4974
Fax:(616) - 387
- 5710
e-mail: C.SWAMY@WMICH.EDU
EDUCATION
Sept. 1977
Department of Finance, The University of Tennessee,
to
Knoxville, TN 37916.
Dec. 1983
DOCTOR OF BUSINESS ADMINISTRATION
in December 1983.
Major: Finance
Minors: Econometrics and Monetary Economics
Dissertation: "Theories of Capital Structure--An
Empirical Study"
Oct. 1975
School of Business Administration, Western Carolina
to
University, Cullowhee, North Carolina.
Aug. 1977
Master of Business Administration in August 1977.
Aug. 1963
Visvesvaraya University College of Engineering,
to Bangalore University, Bangalore, India.
Apr. 1969
Bachelor of Engineering in March 1970.
Branch: Electrical
EMPLOYMENT
HISTORY
Aug. 1998
Associate Professor, Western Michigan University
to
Kalamazoo, MI 49008.
Present
Dec. 1983
Assistant Professor, Western Michigan University
to
Kalamazoo, MI 49008.
July 1998
Aug. 1982
Research Assistant, University of Tennessee Energy &
to
Environmental Center, Knoxville, TN 37916.
Dec. 1983
[Half-Time]
Aug. 1981
Assistant Professor, Northwest Missouri State
to
University. Maryville, MO 64468.
May 1982
Courses Taught: (1) Principles of Finance, Management,
(2) Investments, (3) Case Studies in Financial Management, &
(4) Case Studies in Investment Management.
Used PDP 1/70 and apple computers to support the teaching materials
in the class, and instituted the financial simulation game to
support the case study course.
Sept. 1979
Graduate Teaching Assistant, Department of Finance,
to
The University of Tennessee, Knoxville, TN 37916.
Dec. 1981
Courses taught: (1) Principles of Finance and
(2) Money and Banking. Half-time while completing
work for Doctor of Business Administration.
Sep. 1977
Research Assistant, Dept. of Finance, University of
to
Tennessee, Knoxville, TN 37916.
Aug. 1979
[Half-time]
Sep. 1976
Research Assistant, Economic Development Center,
to
Western Carolina University, Cullowhee, NC.
Aug. 1977
[Three-fourths time]
May 1970
Quality Control Engineer, Cutler-Hammer (India) Ltd.
to
Faridabad, India.
Sep. 1975
TEACHING
EXPERIENCE
Courses
taught:
(1) Business
Finance
(2) Introduction
to Financial Markets
(3) Investment
Analysis
(4) Advanced
Financial markets
(5) Applications
in Financial Management
(6) Financial
Management [MBA] [Grand Rapids and
St. Joseph]
(7) Investment
Management [MBA]
(8) Security
Analysis
(9) International
Finance (BBA)
(10) International
Finance (MBA)
(11) Corporate
Finance Theory and Practice
(12) Asset
Management Theory and Practice.
(13) Health
Care Financial Management
(14) Corporate
Finance (MBA)
Used computer simulation game to supplement the cases in the Applications in Financial Management course and Health Care Financial Management Course. Currently using Lotus 1-2-3 to supplement case studies in Corporate Finance Theory and Practice and in Financial Management.
I Have introduced TQM concepts by actively soliciting comments from students for each segment of the course and taking remedial action where ever possible.
Have designed the curriculum for Health Care Finance Course. This was incorporated in the 1988-90 Graduate College Catalog under Health Care Financial Management [FCL 612].
Attended WMU teaching
improvement seminar.
I Have taught Advanced Financial Management at Bangalore University.
Advisor for Finance students. Supervised Independent Studies at BBA and MBA levels.
I am using "Lecture
Presentation Software"
for presenting my
lectures in all of my courses.
I am using "Internet
Resources" to supplement
the course material
in my classes.
PUBLICATIONS AND PROFESSIONAL ACTIVITIES
Articles in Refereed
Publications
"Neural Networks:
Tools For Prophesy?" (With M.M. Pashley and
E.W. Gilbert). Corporate
Finance Review. November/December 1998,
Vol. 3 No. 3 pp
16-23.
"The Structure, Conduct and Performance of Publicly Traded Commodity Funds: A Synthesis." (With R.S. Rathinasamy and D.L. Witt). Finance India. September 1998, Vol. XII No 3, pp 687-708.
"The Cost of Bond
Covenant Restrictions on the Disposition of
Assets,"
[with Dr. Pashley and Dr. Gilbert]. Journal of Business
Finance and Accounting,
(Jan. 1997) Vol 24, No 1, 85-96.
"Japanese Acquisitions
in the U.S.A. : Trends, Industry Concentration, Premia Paid and The Impact
of Economic Factors,"
(with R.S.Rathinasamy
and G.C. Philippatos). The Journal of International Finance, (Fall
1994) Vol. 3, No. 2, 195-210.
"Agency Costs and the Discount Rate for Public Sector Enterprises," (with R.S. Rathinasamy, K.G. Mantripragadha and I.U. Mangla) Journal of Economics and Finance, (Spring 94) Vol 18,#1, 81-88.
"An Empirical
Analysis of the Relationship Between Financial
Structure and
Market Structure," (Fall 1992) (with I.U.Mangla and
R.S.Rathinasamy).
Journal of Financial and Strategic Decisions, Vol. 5 No. 3, 75-88.
"The Link Between Crude Oil Prices and Common Stock Returns: the 1983-1986 Evidence," (with R.S.Rathinasamy and R.D. Lynch) Finance India. (December 1992) Vol. VI No.4, 749-756.
"Agency Costs
and Public Sector Enterprises in India,"
Indian Journal
of Public Enterprise,(June 92) Vol. 7 No 12, 1-6.
"Interest-Free Banking - A Financial Innovation?: Some conceptual Issues," (with I.U.Mangla and J.Y.Uppal). The Journal of the Midwest Finance Association, Vol. 17, 51-67.
Articles under review
"Neural Network
Applications in Finance," (With M.M. Pashley
and E.W. Gilbert).
Financial Practice and Education.
(2nd Revision)
Articles accepted for publication:
Articles
"Privatization
of Public enterprises - a Panacea?" Magnum, 1992,
(The Management
Journal of The Bangalore University)
"Attracting NRI Investments," (August 1988). Mysore Commerce: Journal of the Federation of Karnataka Chamber of Commerce and Industry. Vol. VIII and No. 4.
Articles in Proceedings
"Neural Network
Applications in Finance," (February 1997).
Proceedings of the
Fourth Annual Meeting of the American Society
for Business and
Behavioral Sciences in Las Vegas, Nevada.
"Philosophical
Foundations of Privatization," (April 1994).
Proceedings of The
Third International Conference: Privatization in the Global Economy, International
Business Center, College of Business and Public Management, University
of the District of Columbia, Washington D.C.
"International Debt Crisis: Payment Patterns For Repayment of Debt," (April 1989). Proceedings of Dean's Research Grant Conference, Haworth College of Business, WMU.
"Global debt Crisis: Some Solutions," (March 1989). Proceedings of the Academy of International Business, Midwest Region. Chicago, Illinois.
"Resolving the
International Debt Crisis: Solutions," (Nov. 1988).
Academy of International
Business S.E.U.S.A. Proceedings.
"Catastrophe Theory of Bank Failure: Application to International Debt Crisis," (Nov. 1986) (with I.U.Mangla). Academy of International Business S.E.U.S.A. Proceedings.
"Productivity Growth, Exchange Rates, Trade Flows and Profitability: An International Perspective," (Nov. 1986) (with I.U.Mangla). Academy of International Business. S.E.U.S.A. Proceedings.
Research Monograph - Published
"Contemporary
Public Enterprises: Dimensions of Agency and Related Costs" (with B.R.Subramanyam)
and with foreword by
DR. K. Hanumanthappa,
Vice-Chancellor, Bangalore University.
1992 (Madras: Preprint
International) ISBN 81-85837-00-7
HONORS AND AWARDS
Recipient of the following honors and awards:
Jun. 1998
Promoted to Associate Professor
Dec. 1994
Merit Pay Award
Dec. 1993
Recognized for 10 years service at Western Michigan
University.
Oct. 1993
Merit Pay Award
Dec. 1992
Merit Pay Award
Apr. 1992
Fellow of The Institution of Engineers (India) [FIE]
Dec. 1991
Merit Pay Award
Dec. 1990
Sabbatical Leave for Year 1991-92
Dec. 1990
Merit Pay Award
Aug. 1990
Diploma from North American Economics and Finance
Association.
Apr. 1990
College of Business Dean's Research Grant
Dec. 1989
Merit Pay Award
Dec. 1988
Merit Pay Award
Dec. 1988
Recognized for 5 years service at Western Michigan
University
Apr. 1988
Western Michigan University College of Business Dean's
Research Grant
Dec. 1987
Merit Pay Award
Dec. 1985
Western Michigan University Faculty Research and
Creative Activities Fund Fellowship and Grant for
1985-86
Dec. 1983
Recipient of Faculty Research Travel Grant for some
of the years
Dec. 1983
Honorary Citizen of the City of Knoxville
Mar. 1983
Elsie Crenshaw Dissertation Award
[University of Tennessee]
Mar. 1983
Elsie Crenshaw International Student Award
[University of Tennessee]
Sep. 1977
College of Business Capital Gifts Fellowship
[University of Tennessee]
PROFESSIONAL
AND PUBLIC SERVICE
Sep. 1990
Taught FCL 320 course while Ms.Pamela McElroy was on
maternity leave.
Sep. 1990
Taught FCL 608 at Grand Rapids on an overload basis.
Jan. 1993
Taught FCL 608 at Grand Rapids on a regular load basis.
Jan. 1994 Taught FCL 608 at St. Joseph on a regular load basis.
PRESENTATIONS
AT CONFERENCES
Oct. 1998
Panelist for a discussion on "Strategies for Thrift
Institutions to Manage excess capital." Finanacial
Management Association Meetings, Chicago.
Feb. 1997
"Neural Network Applications in Finance," (With
M.M.Pashley and E.W. Gilbert) Presentation at the
Fourth Annual Meeting of The American Society of
Business and Behavioral Sciences in Las Vegas.
Oct. 1994
"The Cost of Bond Covenant Restrictions on the
Disposition of Assets," (With E.W. Gilbert and
M.M. Pashley) Presentation at the 1994 Financial
Management Association's Annual Meeting in St. Louis,
Missouri.
Apr. 1991
Presented a paper in the Haworth Business College
Dean's research conference.
Apr. 1990
Presented a paper in the Dean's research Conference.
Aug. 1990
"The Cost of Bond Covenant Restrictions on the
Disposition of Assets," (with Professor Pashley).
Sixth International Congress of the North American
Economic and Finance Association, Mexico City, Mexico.
Aug. 1990
"Stocks, Bonds, Bills, and Inflation:
A Comparative Analysis," (with I.U.Mangla).
Sixth International Congress of the North American
Economic and Finance Association, Mexico City,
Mexico.
Apr. 1989
"Bank Capital, Profitability and International Banking
Reforms: A Statistical Analysis," (with I.U. Mangla
et. al.). Annual Midwest Finance Association Meeting,
Cincinnati, ohio.
Apr. 1988
"An Empirical Analysis of the Relationship Between
Financial Structure and Market Structure,"
(with I.U Mangla). Annual Midwest Finance Association
Meetings, Chicago, Illinois.
Apr. 1988
"Interest-Free Banking, A Financial Innovation:
Some Theoretical Issues," (with I.U. Mangla and
J.Y.Uppal). Annual Midwest Finance Association
Meeting Chicago, Illinois.[Subsequently Published in
the Journal of the Midwest Finance Association]
Feb. 1987
"Capital Structure, Growth Rate and Agency Costs:
An Empirical Study." Annual Midsouth Academy of
Economics and Finance Meeting at Mobile, Alabama.
June 1985
"Management of Public Enterprises." The Institution of
Engineers (India), at Bangalore, India.
Nov. 1985
"Corporate Cash Management through Bank Borrowing,"
(with D. Golhar). Annual Southern Finance Association
Meeting at Dallas, Texas.
Nov. 1985
"Corporate Cash Management through Bank Borrowing,"
(with D. Golhar). Annual Southern Finance Association
Meeting at Dallas, Texas.
Mar. 1984
"Agency Costs and Informational Asymmetry as
Determinants of Capital Structure," (with
R.E. Shrieves). Annual Eastern Finance Association
Meeting at Buena vista, Florida.
Mar. 1984
"Agency Costs as Determinants of Capital Structure:
An Application of Regression Diagnostics,"
(with H.S. Chang). Annual Eastern Economic Association
Meeting at New York, New York.
May 1984
"Natural Gas Deregulation and Regional Income
Redistribution in the Short Run," (with R.A. Bohm)
Annual Mid-Continent Regional Science Association
Meeting at Chicago, Illinois.
Oct. 1984.
"Determinants of Corporate Borrowing: An Empirical
Analysis," (with R.E. Shrieves). Annual Meeting of
the Financial Management Association at Toronto,
Canada.
Nov. 1984
"Catastrophe Model of Bank Failure: Case of
International Debt," (with B. Shah). Annual meeting
Of the Southern Finance Association at Atlanta,
Georgia.
Apr. 1986
Member, Program Committee, Southern Finance
Association.
Served as a discussant
for eight papers at various professional meetings.
OTHER PROFESSIONAL ACTIVITIES
Served as a member of the editorial board of the Indian Journal of Public Enterprise.
Serve as referee for the Journal of Financial and Strategic Decisions on a regular basis. I have reviewed ten papers for the journal.
Reviewed a paper for publication in Michigan Academy of Science, Arts and Letters.
Reviewed a manuscript for McGraw-Hill Publishing Company.
Reviewed a book for West Publishing Company.
Reviewed "Multinational Finance" by Kurt Butler for South Western College Publishing and received an honorarium.
Participated in the "focus group" discussions conducted by
Mcgraw-Hill Company to suggest improvements to "Principles of Corporate Finance (5/e)" by Brealey and Myers so that they can come up with the sixth edition. I received an honorarium for the Work.
Attended a Seminar on writing for Professional Publications.
Attended "Enhancing
Teaching with Technology" conference
conducted by ETTI,
WMU. [6/17/96 - 6/21/96]
Attended "Enhancing
Teaching with Technology" conference
conducted by ETTI,
WMU. 1997.
WMU COMMITTEES
Haworth College Of Business
Jan 1994-
Member, College Scholarship Committee
Present
FCL Department
Sept. 1997 Library Committee
Dec. 1983-
Direct independent study in finance for BBA and MBA students.
Present
Dec. 1983-
Serve as Student Advisor for Finance majors and minors.
Present
Dec. 1983-
Assist with departmental activities, such as
Present
Commencement Ceremony on various occasions
Dec. 1989-
Member, Department Tenure Committee and Promotions Committee.
Present
Sep. 1992-
Advisor, Finance Club
Aug.95
Sep. 1985-
Advisor, Finance Club
Apr.1986
Dec. 1983-
Served on various committees like Visiting Scholar
Present
Committee, Sabbatical Leave Committee, Recruitment Committee,
FCL 320 Committee, Subcommittee on Curriculum Reform at various
times.
Western Michigan University
Oct. 1986-
Member, Research Review Board.
Sep.1987
Sep. 1984-
Member, Mentor/Mentee Program.
Apr.1990
Sep. 1989-
Member, Mentor/Mentee Advisory Board.
Apr.1990
Sep. 1996-
HCOB Liaison to Institute for the study
Present
of Race and Ethnic Relations.
Community
I have contributed
a substantial sum of money to WMU Foundation.
[Oakland Club Member]
I have made monetary contribution to "Friends of Western Michigan", PAC.
I have contributed
a substantial amount of money to Professor
William F. Morrison
Endowment Fund.
Mar. 1984-
Member, Optimist Club of Kalamazoo.
Present
Memberships:
I am a member of the "Financial Economics Network" [FEN]. They send me weekly information on the current research and publications in the finance area through e-mail. I was a "beta tester" for them during the first year of operation.
Sep. 1980
Member, Financial Management Association
[Intermittently]
Sep. 1989
Member, The Institute of Financial And Strategic
Decisions.[Intermittently]