James Garven

Frank S. Groner Memorial Chair of Finance, Professor of Finance & Insurance, and RMI Program Director - Finance, Insurance & Real Estate

Contact Information

Email:  James_Garven@baylor.edu
Homepage:  http://www.garven.com
Campus Phone:  (254) 230-1840
Fax:  (253) 793-0337
Mailing Address:  One Bear Place, #98004
Waco, TX  76798-8004
Office Location:  HSB 351

Educational Background

  • Ph D - Finance, UNIV ILLINOIS URBANA, 1984
  • MBA - Finance, ILLINOIS STATE UNIVERSITY, 1980
  • BS - Music, ILLINOIS STATE UNIVERSITY, 1977

Work Experience

  • Visiting Scholar, University of Pennsylvania (September 2007 - Present)
  • Adjunct Professor, University of Pennsylvania (January 2006 - June 2006)
  • Frank S. Groner Memorial Chair in Finance, Professor of Finance and Insurance, and Director of the Risk Management and Insurance Program, Baylor University (June 2000 - Present)
  • Associate Professor and William H. Wright, Jr. Endowed Chair for Financial Services, Louisiana State University (January 1998 - May 2000)
  • Vice President, Economic Analysis & Product Research, InsWeb Corporation (January 1996 - January 1998)
  • Assistant Professor, The University of Texas at Austin (July 1989 - January 1996)
  • Assistant Professor, The Pennsylvania State University (August 1984 - June 1989)

Consulting

  • Expert Testimony before the Texas Legislature, Thompson & Coe, Austin, TX (April 2005 - April 2005)

Awards and Honors

  • Excellence in Teaching Award, American Risk and Insurance Association (August 2009)
  • University Research Award, Baylor University (May 2008)
  • Distinguished Professor Award, Hankamer School of Business, Baylor University (April 2005)
  • Robert I. Mehr Award, American Risk and Insurance Association (August 2003)
  • Appointment to the Frank S. Groner Memorial Chair in Finance, Hankamer School of Business, Baylor University (2002)
  • Lambda Chi Alpha Professor of the Year Award, Lambda Chi Alpha, Baylor University (2002)
  • Appointment to the William H. Wright, Jr. Endowed Chair for Financial Services, E. J. Ourso College of Business Administration, Louisiana State University (January 1998)
  • Journal of Risk and Insurance Outstanding Article Award, American Risk and Insurance Association (August 1996)
  • President’s Award, American Risk and Insurance Association (August 1996)
  • Journal of Risk and Insurance Outstanding Article Award, American Risk and Insurance Association (August 1994)
  • Journal of Risk and Insurance Outstanding Article Award, American Risk and Insurance Association (August 1993)
  • Graduate Business Council Award for Excellence in Teaching of the Core Curriculum, University of Texas at Austin (1993)

Professional Memberships

  • American Risk and Insurance Association
  • Risk Theory Society

Publications

Discipline-based Scholarship

"Risk Management: The Unifying Framework for Business Scholarship and Pedagogy," Risk Management and Insurance Review, Vol. 10, No. 1, (March 2007), pp. 1-12.

"Moral Hazard, Adverse Selection, and Tort Liability," Journal of Insurance Issues, Vol. 28, No. 1, (April 2005), pp. 13-Jan.

"The Demand For Reinsurance: Theory and Empirical Tests," Insurance and Risk Management, Vol. 7, No. 3, (July 2003), pp. 217-238 (coauthors: Joan Lamm-Tennant).

"Economic and Financial Perspectives on the Demand for Insurance," Rational Reinsurance Buying, Nick Golden (eds.), London: Risk Publications, January 2003, pp. 163-186 (coauthors: Joan Lamm-Tennant).

"On the Implications of the Internet for Insurance Markets and Institutions," Risk Management and Insurance Review, Vol. 5, No. 2, (October 2002), pp. 12-Jan.

"On Corporate Insurance," Handbook of Insurance, Georges Dionne (eds.), Norwell, MA: Kluwer Academic Publishers, December 2000, pp. 541-564 (coauthors: Richard D. MacMinn).

"The Role of Electronic Commerce in Financial Services Integration," North American Actuarial Journal, Vol. 4, No. 3, (July 2000), pp. 64-70.

"A New Stochastically Flexible Event Methodology with Application to Proposition 103," Insurance Mathematics and Economics, Vol. 25, No. 2, (November 1999), pp. 197-216 (coauthors: Patrick L. Brockett and Hwei-Mei Chen).

"Commentary on 'Challenges Facing the Insurance Industry in Managing Catastrophic Risks'," The Financing of Catastrophe Risk, Kenneth Froot (eds.), Chicago: National Bureau of Economic Research Project Report, University of Chicago Press, May 1999, pp. 189-91.

"A Reexamination of the Relationship Between Preferences and Moment Orderings by Rational Risk Averse Investors," Geneva Papers on Risk and Insurance Theory, Vol. 23, No. 2, (December 1998), pp. 127-137 (coauthors: Patrick L. Brockett).

"Reinsurance, Taxes And Efficiency: A Contingent Claims Model of Insurance Market Equilibrium," Journal of Financial Intermediation, Vol. 5, No. 1, (January 1996), pp. 74-93 (coauthors: Henri Loubergé).

"Insurance Cycles: Interest Rates and the Capacity Constraint Model," Journal of Business, Vol. 68, No. 3, (July 1995), pp. 383-404 (coauthors: Neil A. Doherty).

Presentations and Proceedings

"Moral Hazard and Financial Hazard," presented at the Understanding the Financial Crisis: A Panel Discussion, Baylor University, October 2008.

Discipline-based Scholarship

"Adverse Selection in Reinsurance Markets," presented at the American Risk and Insurance Association, Quebec City, CA, August 2007 (coauthors: Martin F Grace).

"Noise Hedging and Executive Compensation," presented at the Risk Theory Seminar, The Pennsylvania State University, April 2007.

"Noise Hedging and Executive Compensation," presented at the American Risk and Insurance Association, Washington, DC, August 2006 (coauthors: Neil Doherty and Sven Sinclair).

"Risk Management: The Unifying Framework for Business Scholarship and Pedagogy," presented at the American Risk and Insurance Association, Washington, DC, August 2006.

"Adverse Selection in Reinsurance Markets: Theoretical and Empirical Perspectives," presented at the Baylor F.I.R.E. Department Seminar Series, Baylor University, December 2004.

"Adverse Selection in Reinsurance Markets: Theoretical and Empirical Perspectives," presented at the American Risk and Insurance Association, Chicago, IL, August 2004 (coauthors: Joan Lamm-Tennant).

"Economic and Financial Perspectives on the Demand for Reinsurance," presented at the Baylor F.I.R.E. Department Seminar Series, Baylor University, February 2003 (coauthors: Joan Lamm-Tennant).

"Theoretical and Empirical Perspectives on the Demand for Reinsurance," presented at the American Risk and Insurance Association Annual Meeting, Montreal, CA, August 2002 (coauthors: Joan Lamm-Tennant).

"IT Productivity and Efficiency in the U.S. P&L Insurance Industry," presented at the American Risk and Insurance Association Annual Meeting, Montreal, CA, 2002 (coauthors: Martin F. Grace).

"Discussion of 'Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry'," presented at the National Bureau of Economic Research Insurance Project Workshop, Cambridge, MA, February 2001.

"On the Implications of the Internet for Insurance Markets and Institutions," presented at the American Risk and Insurance Association, Baltimore, MD, August 2000.

"The Role of Electronic Commerce in Financial Services Integration," presented at the Williams Insurance Chair Seminar, Carlson School of Management, University of Minnesota, July 2000.

"Discussion of 'Moral Hazard in Reinsurance Markets'," presented at the National Bureau of Economic Research Insurance Project Workshop, Cambridge, MA, February 2000.

"The Demand for Reinsurance: Theory and Empirical Tests," presented at the Baylor F.I.R.E. Department Seminar Series, Hankamer School of Business, Baylor University, January 2000 (coauthors: Joan Lamm-Tennant).

"The Profit Efficiency of IT Investments: A Comparison of Alternative Distribution Mechanisms in the U.S. Property-Liability Insurance Industry," presented at the American Risk and Insurance Association Annual Meeting, Boston, MA, August 1998 (coauthors: Martin F. Grace).

Contributions to Practice

"Derivation and Comparative Statics of the Black-Scholes Call and Put Option Pricing Equations," presented at the Baylor F.I.R.E. Department Seminar Series, Baylor University, October 2003.

Learning and Pedagogical Research

"A Simple and Low Cost Approach to Web-based Teaching and Research," presented at the Baylor F.I.R.E. Department Seminar Series, Baylor University, October 2000.
Baylor University