Hankamer School of Business; One Bear Place #98004
Waco, TX 76798
Hankamer School of Business #346
Ph D - Finance, Texas A&M University, 2005
BA - Business Economics, Wheaton College, 2001
Assistant Professor, Northern Illinois University (August 2006 - May 2010)
Visiting Assistant Professor, University of New Hampshire (August 2005 - May 2006)
Summer Intern, Ascension Capital Advisors (June 2001 - August 2001)
Summer Intern, Brewer Capital (June 2000 - August 2000)
Awards and Honors
Teacher Book Dedication, Pi Beta Phi sorority (2010)
Finalist for the Wheeler Award for Quantitative and Behavioral Research in Finance, Numeric Investors, Boston, Massachusetts (2008)
Born in Brenham, Texas, Professor Moorman pursued undergraduate studies in Business Economics at Wheaton College in Wheaton, Illinois, and graduate studies in finance at Texas A&M University in College Station, Texas. Before coming to Baylor, he had faculty positions at the University of New Hampshire in Durham, New Hampshire, and at Northern Illinois University in DeKalb, Illinois.
Basic or Discovery Scholarship
"An Empirical Investigation of Methods to Reduce Transaction Costs," Journal of Empirical Finance
"Inter-temporal Variation in the Illiquidity Premium," Journal of Financial Economics
, Vol. 98, No. 2, (November 2010), pp. 338-358 (coauthors: Gerald Jensen).
"A Reexamination of Corporate Governance and Equity Prices," Review of Financial Studies
, Vol. 22, No. 11, (November 2009), pp. 4753-4786 (coauthors: Shane Johnson, Sorin Sorescu).
"Foreign Exchange Risk and the Cross-Section of Stock Returns," Journal of International Money and Finance
, Vol. 27, No. 7, (November 2008), pp. 1074-1097 (coauthors: James Kolari, Sorin Sorescu).
Presentations and Proceedings
"Optimal versus naive shrinkage: How inefficient are 50-50 combinations?," presented at the Edwards Symposium on Finance, Saskatoon, Saskatchewan, June 2014.
"Optimal versus naive shrinkage: How inefficient are 50-50 combinations?," presented at the FMA Applied Finance Conference, New York, New York, May 2014.
"Diversification with idiosyncratic volatility in real time," presented at the Swiss Society for Financial Market Research, Zurich, Switzerland, April 2014.
Basic or Discovery Scholarship
"Diversification with Idiosyncratic Volatility in Real Time," presented at the Borsa Instanbul Finance and Economics Conference, Istanbul, Turkey, September 2013.
"Tests of Immediacy Pricing Using Short-Term Reversals," presented at the Financial Management Association, Atlanta, Georgia, October 2012 (coauthors: Bilal Erturk).
"Ancient Future Portfolio Optimization: How Portfolio Advice from Antiquity can be Optimal According to Modern Investment Criteria and the Implications for Improving Portfolio Rules," presented at the Internal Seminar, Baylor University, October 2012.
"Tests of Immediacy Pricing Using Short-Term Reversals," presented at the Fordham-JBF Conference on Liquidity Risk Management, New York, New York, June 2012 (coauthors: Bilal Erturk).
"Outperforming Naive Diversification: The Importance of Estimation Error and Estimation Error Reducing Rules," presented at the Internal Seminar, Baylor University, March 2012.
"Tests of Immediacy Pricing Using Short-Term Reversals," presented at the Internal Seminar, Baylor University, November 2011 (coauthors: Bilal Erturk).