Curriculum Vitae

William S. Compton, M.B.A., Ph.D

Economics and Finance Department
Cameron School of Business
University of North Carolina - Wilmington
Wilmington, NC 28403-3297
Office Phone: (910) 962-3468
E-mail: comptonw@uncw.edu

Areas of Interest

Teaching:	Corporate Finance	International Finance	Investments
Research:	Market Anomalies	International Markets	Market Efficiency

Education

Florida State University	Ph.D. - Finance
Florida State University	M.B.A. - Finance
S.U.N.Y. College at Buffalo	B.S. - Secondary Education/English

Dissertation

"An Examination of Historical Return Distributions for Selected Option Strategies"

Research Activities

Peer Reviewed Publications

“The Weekend Effect and Intraday Returns: Evidence from the Asian Markets,” Journal of the International Society of Business Disciplines,(with R. Kunkel) forthcoming-Fall 2007

“The Turn-of-the-Month Effect in Real Estate Investment Trusts (REITs),” Managerial Finance, Vol. 32, No.11, 2006 (with D. Johnson and R. Kunkel)

“The Fading Pacific Basin January Effect,” Journal of the Academy of Finance, Vol. 1, No.1, 2003 (with S. Beyer and K. Ragan)

"Is There a Weekend Effect in Europe? An Analysis of Daily Returns, Non-Trading Returns, and Trading Returns," Global Business and Finance Review, Vol. 8, No. 1, 2003. (with R. Kunkel)

“The Turn of the Month Effect Still Lives: The International Evidence,” International Review of Financial Analysis, Vol. 12, No. 2, 2003. (with S. Beyer and R. Kunkel)

“The Evolving Turn-of-the-Month Effect: Evidence From Pacific Rim Countries,” Global Business and Finance Review, Vol. 7, No. 1, 2002.

“Examining America’s Logistics Programs Via the Internet,” Journal of Transportation Management, Vol. 12, No. 1, 2001. (with J. Hanna)

“Tax-Free Trading on Seasonal Stock and Bond Market Patterns,” Journal of Economics and Finance, Vol. 24, No. 1, 2000. (with R. Kunkel)

“Historical Return Distributions for Puts, Calls, & Covered Call Options,” Journal of Financial and Strategic Decisions, Vol. 13, No. 1, 2000. (with G. Benesh)

"A Tax-Free Exploitation of the Weekend Effect: A “Switching” Strategy in the College Retirement Equities Fund (CREF),” American Business Review, Vol. 17, No. 2, 1999. (with R. Kunkel).

"A Tax-Free Exploitation of the Turn-of-the-Month Effect: C.R.E.F.," Financial Services Review, Vol. 7, No. 1, 1998 (with R. Kunkel). 

"Optimal Asset allocation and Political Gridlock," Midwest Review of Finance and Insurance, Vol. 12, No. 1, Spring 1998 (with S. Beyer and F. Ebeid).

“Industry Taxation: Commercial Banks Versus Manufacturers,” Midwest Review of Finance and Insurance, Vol. 12, No.1, Spring 1998. (with R. Kunkel)

"A Possible Source of Bias in Options Studies Using the Berkeley Options Data Base," Midwest Review of Finance and Insurance, Vol. 11, No. 1, Spring 1997 (with G. A. Benesh).

Proceedings

"Using Virtual Stock Exchange in the Classroom," Proceedings of the 2003 Annual Meeting of the Academy of Finance in Chicago, IL. (with S. Beyer and K. Ragan)

"Price-Cash Flow Analysis, A P/E Alternative," Proceedings of the 1997 Annual Meeting of the American Society of Business and Behavioral Sciences in Las Vegas, NV. (with D. DeBoeuf and R. Voss)

Presentations

"The Turn-of-the-Month Effect in Real Estate Investment Trusts (REITs)," 2005 Annual Meeting of the Southern Finance Association in Key West, FL.

"Quantifying the Monetary Variation of Using Different Accepted Risk-Free Rates," 2004 Annual Meeting of the Academy of Economics and Finance in Charleston, SC.

"The Evolving Turn-of-the-Month Effect: Evidence from Pacific Rim Countries,"  2003 Annual Meeting of the Southern Finance Association in Charleston, SC.

"Day-of-the-Week Returns During Trading and Non-Trading Periods: Evidence from Europe," 2003 Annual Meeting of the Academy of Economics and Finance in Savannah, GA.

"Using Virtual Stock Exchange in the Classroom," 2003 Annual Meeting of the Academy of Finance in Chicago, IL.

"The Fading Pacific Basin January Effect," 2002 Annual Meeting of the Eastern Finance Association in Baltimore, MD.

"The Turn-of-the-Month Effect Still Lives: The International Evidence," 2001 Annual Meeting of the Financial Management Association in Toronto, ONT.

"Tax-Free Trading on Seasonal Stock and Bond Market Patterns," 1999 Annual Meeting of the Financial Management Association in Orlando, FL.

"A Tax-Free Exploitation of the Weekend Effect," 1998 Annual Meeting of the Financial Management Association in Chicago, IL.

"A Tax-Free Exploitation of the Turn-of-the-Month Effect," 1998 Annual Meeting of the Eastern Finance Association in Williamsburg, VA..

"Optimal Asset Allocation and Political Gridlock," 1998 Annual Meeting of The Midwest Academy of Finance and Insurance in Chicago, IL.

"Industry Taxation: Commercial Banks vs. Manufacturers," 1998 Annual Meeting of the Midwest Academy of Finance and Insurance in Chicago, IL.

"Price-Cash Flow Analysis, A P/E Alternative," 1997 Annual Meeting of the American Society of Business and Behavioral Sciences in Las Vegas, NV.

"A Possible Source of Bias in Options Studies Using the Berkeley Options Data Base," 1997 Annual Meeting of the Midwest Academy of Finance and Insurance in Chicago, IL.

"Historical Return Distributions for Common Option Strategies," 1996 Annual Meeting of the Southern Finance Association in Key West, FL.

"Overreaction to Negative Earnings," 1995 Annual Meeting of the Eastern Finance Association in Hilton Head, SC.

Under Review

Current Research

· “Value Relevance, Knowledge Capital, and the ‘New Math’ Accounting,” Current research in development.

· “Earnings Announcements Following the FD Regulation of October 2000,” Current research in development.

Reviewer for Journals

· Financial Review

· International Review of Financial Analysis

· Global Business & Finance Review

Teaching Experience

Florida State University Graduate Assistant/Instructor 1991-96
Western Illinois University Assistant Professor 1996-1999
Eastern Illinois University Assistant Professor 1999-2000

University of North Carolina - Wilmington 2000-Present

Courses taught

Undergraduate:

International Finance

Security Analysis

Principles of Financial Management

Intermediate Corporate Finance

Investments

Graduate:

Investment Management

Cases in Financial Management for the Accountant

Cases in Investment Management for the Accountant

Professional Affiliations

N.A.S.D. Board of Arbitrators, Certified Public Arbitrator
American Association of Individual Investors
Financial Management Association
Academy of Financial Services
Eastern Finance Association
Southern Finance Association
Southwestern Finance Association
Midwest Business Administration Association

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