Dr. Scott D. Below, Ph.D. - Finance


Chairperson, Department of Finance | Bate Building 3419 | East Carolina University | Greenville, NC 27858 | (252) 328-6670


Education

University of Kentucky PhD (1994) Finance
South Dakota State University MS (1990) Economics
South Dakota State University BS (1986) Applied Economics

Experience

ECU Department of Finance (Chairperson) Greenville, 2003-Present

ECU College of Business (Finance Professor) Greenville, NC 1993-Present

Kiely Wealth Advisory Group (Investments Research) Greenville, NC 2002-Present

Rydex Funds (Investments Research Consultant) Rockville, MD 1998-2002

Piper, Jaffray & Hopwood (Retail Broker) Brookings, SD 1988-1999

Merrill Lynch (Retail Broker) Stockton, CA 1986-1988

Publications In Peer Reviewed Journals

“A Penny Saved is a Penny Earned: Avoiding Investment Losses through the Early Detection of Financial Shenanigans,” with James Nelson, Journal of Applied Finance, 22:1, 118-144 (2012)

“Style Index Rebalancing for Better Diversification: Lessons from Broad Market and Equity Style Indexes,” with Robert Prati,Financial Services Review, 18:3, 231-248 (2009)

Leveraged Index Investing: Rydex Nova Fund,” The Journal of Investing, (Spring, 2003)

Do the Individual Moments of REIT Return Distributions Affect Institutional Ownership Pattern? with Stanley R. Stansell, Journal of Asset Management, 4:2, 77-95 (2003)

The Determinants of REIT Institutional Ownership: Test of the CAPM,”.with Stanley R. Stansell and Mark Coffin. Journal of Real Estate Finance and Economics. (2000)

"Institutional Investment in REIT Common Stocks: An Examination of the Prudent Man Investment Hypothesis," with Mark Coffin and Stanley Stansell, Journal of Real Estate Portfolio Management 6:2 (April, 2000).

"The Intraday Price and Volume Reaction to AMEX Club Meetings," with Joe Kiely, Srinivasan Sundaram and William Ogden Jr., American Business Review, (June, 1997).

"REIT Underperformance; Should Investors Still be Concerned?" with Joe Kiely and Will McIntosh, The Journal of Real Estate Research, 12:3 (1996)

"Using Chaos to Examine International Capital Market Integration," with Susan Sewell, Stanley Stansell, and Insup Lee, Applied Financial Economics (1996).

"An Analysis of Shareholder Reaction to Dividend Announcements in Bull and Bear Markets," with Keith Johnson, Journal of Financial and Strategic Decisions 9:3 (1996).

"Determinants of Institutional Demand for Common Stock," with Stanley Stansell and Stan Eakins, The International Review of Financial Analysis, 5:3 (1996).

"The Pricing of Real Estate Investment Trust Initial Public Offerings," with Will McIntosh and Mir Zaman, Journal of Real Estate Finance and Economics, 11: 55-64 (1995).

"An Examination of Informed Traders and the Market Microstructure of Real Estate Investment Trusts," with Joe Kiely and Will McIntosh, The Journal of Real Estate Research, 10:3 (1995).

Presentations at Professional Meetings

"Is Rebalancing Indexed Stock Portfolios Beneficial? Lessons from Recent Market Cycles" with Joe Kiely, presented at the Southern Finance Association annual meeting, 2004, Naples, Florida.

“The Determination of REIT Institutional Ownership: Tests of the CAPM vs. Individual   Stock Attributes” with Stanley R. Stansell, presented at the Southern Finance Association annual meeting, 1999, Key West.

“The Determination of REIT Institutional Ownership: Tests of the CAPM vs. Individual Stock Attributes” with Stanley R. Stansell, presented at the Financial Management Association annual meeting, 1999, Orlando.

“Will the Real Source of Declining REIT Bid-Ask Spreads Please Stand Up?” with Cynthia McDonald and Carlos Slawson, presented at the Financial Management Association annual meeting, 1998, Chicago.

“The Determination of REIT Institutional Ownership: Tests of the CAPM vs. Individual Stock Attributes” with Stanley R. Stansell, presented at the American Real Estate Society annual meeting, 1998, Monterey.

“Will the Real Source of Declining REIT Bid-Ask Spreads Please Stand Up?” with Cynthia McDonald and Carlos Slawson, presented at the American Real Estate Society annual meeting, 1998, Monterey.

"REIT Pricing Efficiency; Should Investors Still be Concerned?” with Joe Kiely and Will McIntosh, presented at the Financial Management Association annual meeting, 1997, Honolulu.

“An Examination of the Information Asymmetry Hypothesis for the Existence of Municipal Bond Insurance,” presented at the Southern Finance Association Annual Meeting, 1997, Key West.

“REIT Underperformance; Should Investors Still be Concerned?” with Joe Kiely and Will McIntosh, presented at the American Real Estate Society annual meeting, 1996, Lake Tahoe.

“The Intraday Price and Volume Reaction to AMEX Club Corporate Meetings,” with Srinivasan Sundaram and Joe Kiely, presented at the Southern Finance Association annual meeting, 1995, Sarasota.

"An Investigation of the Market Microstructure of Real Estate Investment," presented at the Financial Management Association annual meeting, 1995, New York.

"An Intraday Examination of Real Estate Investment Institutions,", presented at the Eastern Finance Association annual meeting, 1995, Hilton Head.

"An Examination of the Latent Assets Explanation for the Underperformance of Real Estate Investment Trusts," with Will McIntosh, presented at the American Real Estate Society annual meeting, 1995, Hilton Head.

"An Examination of the Existence of Municipal Bond Insurance," presented at the Financial Management Association annual meeting, 1994, St. Louis.

"Informed Traders and the Market Microstructure of Real Estate Investment Trusts," presented at the Financial Management Association annual meeting, 1994, St. Louis.

"An Examination of the Role of Market Segmentation in Explaining the Existence of Municipal Bond Insurance," with Merl Hackbart, presented at the Southern Finance Association annual meeting, 1994, Charleston. (nominated for outstanding paper award by the SFA program committee.)

"Informed Traders and the Market Microstructure of Real Estate Investment Trusts," presented at the Southern Finance Association annual meeting, 1994, Charleston.

"An Analysis of Shareholder Reaction to Dividend Announcements in Bull and Bear Markets," with Keith Johnson, presented, Eastern Finance Association annual meeting, 1994, Boston.

"Stock Splits, Tax Options and Market Response," with Keith Johnson, presented at the Midwest Finance Association annual meeting, 1993, Indianapolis.

"The Overpricing of Real Estate Investment Trust IPO's:  Information Asymmetry and Underwriter Commissions," with Will McIntosh and Mir Zaman, presented at the Financial Management Association annual meeting, 1992, San Francisco.

"The Impact of the 1986 Tax Reform Act on Corporate Capital Structure, " with John Cook and Dennis Officer, presented at the Southern Finance Association annual meeting, 1992, Jacksonville.

"The Existence of Municipal Bond Insurance:  Theory and Evidence," with Merl Hackbart, presented at the American Society for Public Administration: Annual Conference on Public Budgeting and Finance, 1992, Arlington, VA.

"The Overpricing of Real Estate Investment Trust IPO's:  Information Asymmetry and Underwriter Commissions," with Will McIntosh and Mir Zaman, presented at the American Real Estate Society annual meeting, 1992, San Diego.

"An Analysis of Shareholder Reaction to Dividend Announcements in Bull and Bear Markets," with Keith Johnson, presented at the Midwest Finance Association annual meeting, 1992, Chicago.

"The Feasibility of Bank Participation in the Farmer Mac Secondary Mortgage Market," with Brian Schmiesing, presented at the Western Agricultural Economics Association annual meeting, 1991, Seattle.

 
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