Carol Lancaster
Associate Professor of Finance
Profile
Grants and Fellowships

University of Richmond Summer Faculty Fellowship

Richmond Quest Grant for Course Revision, $1000

RSB Summer Faculty Research Grant

Awards

Who's Who Among America's Teachers

Faculty Outstanding Service Award, Robins School of Business

Presentations

Lancaster Carol M., Stevens L Jerry, Szakmary C Andrew, Designing and Implementing a Common Syllabus for Multiple Sections of a Core Finance Course, Joint Academy of Business Education/Financial Education Association Meeting, Orlando, FL

Szakmary C Andrew, Lancaster Carol M., Trend-Following Trading Strategies in a Momentum Framework, Eastern Finance Association Annual Meeting, Savannah, GA

Stevens L Jerry, Lancaster Carol M., "Predictable Irrationality in Risk Assessment by Undergraduate Students of Finance," Joint FEA and ABE Annual Meeting, San Antonio, TX

Stevens L Jerry, Kahl Douglas, Lancaster Carol M., Clinebell John, Professional Certifications in Undergraduate Curicula, 2007 Eastern Finance Association Meeting, New Orleans, LA

Szakmary C Andrew, Lancaster Carol M., Conover Mitchell C., An Examination of the Performance of Standard and Poor's Stock Appreciation Ranking System, 1989-2003, Southern Finance Association Annual Meeting, Key West, FL

Szakmary C Andrew, Conover Mitchell C., Lancaster Carol M., An Examination of Value Line's Long Term Projections, Eastern Finance Association Annual Meeting, Norfolk, VA

Memberships
Financial Executives International, President of Virginia Chapter 2005-2006, Board Member 2001-2009
Beta Gamma Sigma
Financial Management Association
Eastern Finance Association
Academy of Business Education/Financial Education Association
Professional Experience
Previous positions include:
1995-present, Associate Professor of Finance, E. Claiborne Robins School of Business, University of Richmond, VA.  Teaching Principles of Financial Management and Risk Management and Insurance.
1997-2003, Chair, Department of Finance, E. Claiborne Robins School of Business, University of Richmond, VA.
1989-1995, Assistant Professor of Finance, E. Claiborne Robins School of Business, University of Richmond, VA.  Teaching Principles of Finance Management and Risk Management and Insurance.
1988-89, Instructor (full-time), Louisiana Tech University, Finance. Taught Business Finance, Risk and Insurance, and Property Insurance.
1986-88, Teaching Assistant, Louisiana Tech University. Taught Personal Finance, Business Finance, and Current Issues in Economics.
Institutional Service

RSB Assessment Committee, 2011-2012.

RSB Executive Education Advisory Committee, 2011-2012.

Finance Search Committee Co-Chair, Finance Department, 2010-2011.

RSB Dean Search Committee, 2009-2010.

RSB Executive Education Advisory Committee, 2009-2010.

RSB Distinguished Educator Award Committee, 2009-2010.

Women in Business, Faculty Advisor, 2007-present.

University Strategic Planning Diversity and Inclusivity Subcommittee, Member, 2008-09.

University Planning and Priorities Committee, 2006-2008.

University Program Improvements Committee, 2006-2007, Chair 2007.

University Strategic Plan Interim Assessment.

Selected Publications
Articles

C. Mitchell Conover, Thomas M. Arnold, M. Carol Lancaster, Flexible Payout Policy in a Mature Industry: An empirical examination of Crown Cork and Seal, Journal of Applied Corporate Finance, 2010

Thomas M. Arnold, C. Mitchell Conover, M. Carol Lancaster, Brand New or Old News? The Corporate Restructuring Techniques of Private-Equity Firms and the Case of Crown, Cork, and Seal, The Investment Professional, 2008, 22-24

Andrew C Szakmary, C. Mitchell Conover, M. Carol Lancaster, An Examination of Value Line's Long Term Projections, Journal of Banking and Finance, 2008, 820-833

William T. Charlton, Jr., M. Carol Lancaster, Jerry L Stevens, Industry and Liquidity Effects in Corporate Investment and Cash Relationships, Journal of Applied Business Research, 2002, 131-142

Gay Hatfield, M. Carol Lancaster, The Signaling Effects of Bank Loan-Loss Reserve Additions, Journal of Financial and Strategic Decisions, 2000, 57-74

M. Carol Lancaster, Jerry L Stevens, Corporate Liquidity and the Significance of Earnings Versus Cash Flow: An Examination of Industry Effects, Journal of Applied Business Research, 1999, 37-46

M. Carol Lancaster, Jerry L Stevens, Corporate Liquidity and the Significance of Earnings Versus Cash Flows, Journal of Applied Business Research, 1998, 27-38

Manuel L. Jose, M. Carol Lancaster, Jerry L Stevens, Corporate Returns and Cash Conversion Cycles, Journal of Economics and Finance, 1996, 35-48

Manuel L. Jose, M. Carol Lancaster, Jerry L Stevens, Stability of Excellence: Revealed Patterns in Tobin's q-Ratios, Journal of Applied Business Research, 1996, 83-92

M. Carol Lancaster, Jerry L Stevens, Debt Term Structures: Beyond Yield to Maturity Assumptions, Financial Practice and Education, 1995, 125-137

M. Carol Lancaster, Jerry L Stevens, Risks and Rewards from High-Yield Stock Investments, Journal of Financial Planning, 1994, 124-130

M. Carol Lancaster, Mark L. Cross, Relationship Between Property-Liability Insurance Stock Returns and the Business and Underwriting Cycles, Journal of Insurance Issues, 1994, 89-106

M. Carol Lancaster, Gay Hatfield, Dwight D. Anderson, Stock Price Reactions to Increases in Loan-Loss Reserves: A Broader Perspective, Journal of Economics and Finance, 1993, 29-41

Gay Hatfield, M. Carol Lancaster, Announcement Effects on Bank Stock Prices: Citicorp's Increase in Loan Loss Reserves for Third World Debt, Journal of Financial and Strategic Decisions, 1990, 95-104


Education
B.S.E., University of Arkansas 1972
Elementary Education
M.B.A., Louisiana Tech University 1987
D.B.A., Louisiana Tech University 1990
Finance
Contact Information
379 Queally
(804) 289-8955
(804) 289-8878 (Fax)
Areas of Expertise
Cash Management
Corporate Investment
Financial Education
Financial Management
Risk Management