Research Interests

• Corporate finance—new portfolio analysis techniques
• Use of options as corporate tools

Selected Publications

• “The Impact of Hurricane Landfalls on Insurance Firms’ Returns,” Journal of Research in Finance (coauthor with Barrett)
• “Graphical Portfolio Analysis,” The Financial Review
• “Regression to the Mean and Mean Reversion in Futures Markets” Journal of Financial Engineering (coauthor with Kolb and Okunev)
• “Quality Dispersion and the Feasibility of Dividends as Signals,” Journal of Financial Research

Teaching & Professional Experience

• Instructor, financial seminars for executives in Washington, D.C., Miami and 17 Latin American cities
• Consultant for restaurants, soft drink bottlers, newspaper publishers, real estate developers, retail stores and other businesses
• Founder and former Director, American Association of Salvadorean Professionals

Degrees

• 1986 Ph.D., Finance, University of Texas at Austin.
• 1977 Master in Business Administration, INCAE (Nicaragua).
• 1974 Electromechanical Engineer, University of El Salvador.

Specialties

• Corporate finance
• Investment analysis
• Relationship between risk and return