 | Donald M. Chance, CFA
James C. Flores Endowed Chair of MBA Studies
Flores MBA Program - Professor
2909 Business Education Complex
Nicholson Extension
Baton Rouge, LA 70803
Phone: 225-578-0372
Fax: 225-578-6367
Email: dchance@lsu.edu
Personal Web Site | Education | Ph D Finance, Louisiana State University, 1980
MBA Finance, University of Mississippi, 1973
BS Business Adminstration, University of Montevallo, 1972
| Courses Taught | BADM 7090 - FIN MANAGEMENT
BADM 7170 - INTERNAT MGMT CHALL
FIN 3930 - FINANCE INTERNSHIP
FIN 7400 - FIN RISK MANAGEMENT
FIN 7900 - IND STUDY IN FIN
FIN 7930 - FINANCE INTERNSHIP
FIN 8900 - PREDISSERT RESEARCH
FIN 9000 - DISSERTATION RES
| Interests | Teaching Interest: risk management, financial derivatives, fixed income securities, corporate finance
| Research Interest: risk management, financial derivatives, indexing, exchange traded funds, fixed income securities
| Selected Research Publications | Private Information and the Exercise of Executive Stock Options. Chance, D., Brooks, R., and Cline, B. (2012). Financial Management, 41(3), 733-764. The Tradeoff Between Compensation and Incentives in Executive Stock Options. Chance, D., and Yang, T. (2011). Quarterly Journal of Finance, 1(4), 733-766. Fatal Flaws of the Sharpe Ratio or How to Make Yourself Look Good. Chance, D. (2011). Journal of Performance Measurement, 16(1), 20-28. Experimental Evidence on Portfolio Size and Diversification: Human Biases in Naive Security Selectoin and Portfolio Construction. Chance, D., Shynkevich, A., and Yang, T. (2011). The Financial Review, 46, 427-457. The Performance of Professional Market Timers: Daily Evidence from Executed Strategies. Chance, D., and Hemler, M. (2001). Journal of Financial Economics, 62, 377-411. The 'Repricing' of Executive Stock Options. Chance, D., Kumar, R., and Todd, R. (2000). Journal of Financial Economics, 57, 129-154. Default Risk and the Duration of Zero Coupon Bonds. Chance, D. (1990). Journal of Finance, 45, 265-274. The Effect of 12b-1 Plans on Mutual Fund Expense Ratios: A Note. Chance, D., and Ferris, S. (1987). Journal of Finance, 42, 1077-1086. Floating Rate Notes and Immunization. Chance, D. (1983). Journal of Financial and Quantitative Analysis, 18, 365-380. | Books | Real Options and Investment Valuation. Chance, D., and Peterson, P. In David Larrabee and Jason Voss (Eds.), Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options. New York/John Wiley, US: CFA Institute. A Financial Analysis of the Decision to Purchase a Hybrid Vehicle. Chance, D., Dhar, P., and Simkins, B. (2013). In Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy (pp. 477-490). New York, US: Wiley. An Introduction to Derivatives and Risk Management, 9th edition.
Chance, D., and Brooks, R. (2012). Mason, Ohio, US: Cengage Publishing. ISBN: 987-1-133-19019-6. Essays in Derivatives, 2nd ed..
Chance, D. (2008). New York: John Wiley. ISBN: 978-0-470-086. Analysis of Derivatives for the CFA Program.
Chance, D. (2003). Charlottesville, VA: Association for Investment Management and Research. ISBN: 0-935015-93-0. | Professional and Service Activities | MBA Admissions and Curriculum, Committee Member
Promotion and Tenure Committee, Committee Member
| Biographical Summary | | Don M. Chance, Ph.D., CFA, holds the James C. Flores Endowed Chair of MBA Studies and is Professor of Finance at the E. J. Ourso College of Business at Louisiana State University. He previously held the William H. Wright, Jr. Endowed Chair for Financial Services at LSU, and the First Union Professorship in Financial Risk Management at Virginia Tech. Prior to his academic career, he worked for a large southeastern bank. Professor Chance has had numerous articles published in academic and practitioner journals and has authored three books: An Introduction to Derivatives and Risk Management (9th ed.) co-authored with Robert Brooks, Essays in Derivatives: Risk Transfer Tools and Topics Made Easy (2nd ed.), and Analysis of Derivatives for the CFA Program. His recent research examines asset allocation and investment performance measurement, executive stock options, the risk aversion of high-level executives, human aspects of risk management, corporations who accept blame and blame others, dividends as options, risk management in sports, and the economic efficiency of hybrid vehicles, He is often quoted in the media on matters related to derivatives and risk management as well as financial markets and the economy in general. He has extensive experience conducting professional training programs, and his consulting practice (Omega Risk Advisors, LLC) serves companies, organizations, and law firms. He is also involved in the development and writing of the derivatives curriculum in the C.F.A. program. In his spare time he plays guitar, composes music, and sings in a band called Capital Gains. | Employed by LSU since: | | 2003 |
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