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Douglas R. Emery

Douglas R. Emery

Bank of America Scholar Emeritus and Professor, Finance

Research Interests

Theory and application of financial decision models; liabilities management; capital structure; and capital investment

Featured Publications

  • Coauthor of eight books, including: Corporate Financial Management, 5th Edition (2018) Wohl Publishing (with Finnerty and Stowe), Debt Management, Harvard Business School Press (with Finnerty)

    "Who Moves Markets in a Sudden Market-Wide Crisis? Evidence from Nine-Eleven” (with Burch and Fuerst) Journal of Financial and Quantitative Analysis, 51, no. 2 (April 2016), 463-487.

    “Pioneers in Finance: An Interview with Stewart C. Myers, Robert C. Merton (1970) Professor of Financial Economics, MIT” Journal of Applied Finance, 23, no. 1 (2013), 6-14.

    "Are the Wall Street Analyst Rankings Popularity Contests?" (with Li) Journal of Financial and Quantitative Analysis Vol. 44, No. 2, April 2009, 411-437.

    "A Closer Look at Black-Scholes Option Thetas" (with Guo and Su) Journal of Economics and Finance Vol. 32, No. 1, January 2008, 59-74.

    "The Value of Corporate Control and the Comparable Company Method of Valuation," (with Finnerty) Financial Management, Vol. 33, No. 1, Spring 2004, 91-99.

    Other work published in a wide variety of journals, including: Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Accounting Research, Journal of Banking and Finance, Journal of Marketing Research, Organizational Behavior and Human Performance, Psychometrika


Teaching and Professional Experience

  • Bank of America Scholar, Professor, Finance, Miami Herbert Business School, 1998 - Present
  • The Koffman Fellow, Leading Professor, Finance, Binghampton University, 1989 - 1998
  • Professor, Finance, The University of Missouri, 1980 - 1989
  • Visiting Professor, Finance, Nanjing University, 1988 - 1989
  • Visiting Associate Professor, Finance, Washington University, 1986 - 1987
  • Visiting Assistant Professor, Management, Purdue University, 1979 - 1980
  • Associate Professor, Management, University of Calgary, 1976 - 1980
  • Visiting Assistant Professor, The University of Kansas, 1978


  • Corporate finance


  • Ph.D., Business, University of Kansas, 1977
  • MBA, University of Kansas, 1973
  • B.S., Physics, Baker University, 1971
Douglas R. Emery


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