Directory

Directory

Jim Garven

Risk Management and Insurance (RMI) Program Director - Finance, Insurance & Real Estate
Frank S. Groner Memorial Endowed Chair of Finance - Finance, Insurance & Real Estate

Contact Information

Email:  James_Garven@baylor.edu
Homepage:  https://blogs.baylor.edu/jamesgarven/
Campus Phone:  (254) 307-1317
Mailing Address:  One Bear Place #98004
Waco, TX  76706
Office Location:  Foster Business and Innovation 710-4775

Office Hours

By appointment

Educational Background

  • PHD - Finance, University Of Illinois Urbana
  • MBA - Finance, Illinois State University
  • BS - Music, Illinois State University

Work Experience

  • Research Fellow, Baugh Center for Entrepreneurship & Free Enterprise (January 2014 - August 2019)
  • Gen RE Professor, Universität zu Köln (May 2013 - June 2013)
  • Visiting Scholar, University of Pennsylvania (September 2007 - June 2013)
  • Adjunct Professor, University of Pennsylvania (January 2006 - June 2006)
  • Frank S. Groner Memorial Chair in Finance, Baylor University (September 2002 - Present)
  • 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

  • Academic, Coalition for a Domestic Insurance Industry (May 2009 - August 2009)
  • 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 Research Award, American Risk and Insurance Association (2003)
  • Appointment to the Frank S. Groner Memorial Chair of 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)
  • President’s Award, American Risk and Insurance Association (August 1996)
  • Robert C. Witt (Journal of Risk and Insurance) Outstanding Article Award, American Risk and Insurance Association (1995)
  • Robert C. Witt (Journal of Risk and Insurance) Outstanding Article Award, American Risk and Insurance Association (1994)
  • Graduate Business Council Award for Excellence in Teaching of the Core Curriculum, University of Texas at Austin (1993)
  • Robert C. Witt (Journal of Risk and Insurance) Outstanding Article Award, American Risk and Insurance Association (1993)

Professional Memberships

  • American Economics Association (2018 - Present)
  • European Group of Risk and Insurance Economists (1987 - Present)
  • past Secretary, past President-elect, and past President, Risk Theory Society (1987 - Present)
  • Past board member, past Vice President, past President-Elect, and past President, American Risk and Insurance Association (1986 - Present)

Biography

I am Professor of Finance and Insurance and Frank S. Groner Memorial Chair of Finance at Baylor University, where I teach courses in risk management and finance. My research involves the application of finance and economics to the analysis, pricing, and management of risk.

I have published widely in academic journals and books including Geneva Risk and Insurance Review, Insurance Mathematics and Economics, Journal of Business, Journal of Finance, Journal of Financial Intermediation, Journal of Financial Services Research, Journal of Risk and Insurance, North American Actuarial Journal, Risk Management and Insurance Review, and Handbook of Insurance.

I am the recipient of a number of prestigious academic honors, including the American Risk and Insurance Association’s Robert C. Witt and Robert I. Mehr Research Awards, the American Risk and Insurance Association’s Excellence in Teaching Award, the Hankamer School’s Distinguished Professor Award, and Baylor University’s University Research Award.

I currently serve as an associate editor for the Geneva Risk and Insurance Review, and I am a past president of two professional academic organizations: the American Risk and Insurance Association and the Risk Theory Society.

Publications

Basic or Discovery Scholarship

"Asymmetric Information and Insurance Cycles," Journal of Risk and Insurance, The, (December 2021), pp. 35 (coauthors: David L. Dicks).

Teaching and Learning Scholarship

"Teaching the Economics and Convergence of the Binomial and the Black-Scholes Option Pricing Formulas," Journal of Economics and Finance Education, Vol. 19, No. 1, (June 2020), pp. 34-50 (coauthors: James I. Hilliard).

Basic or Discovery Scholarship

"On the Corporate Demand for Insurance: Evidence from the Global Reinsurance Market," Risk Management and Insurance Review, Vol. 21, No. 2, (Fall 2018), pp. 211-242 (coauthors: Muhammed Altuntas, Jannes Rauch).

"Adverse Selection in Reinsurance Markets," Geneva Risk and Insurance Review, The, Vol. 39, (September 2014), pp. 222-253 (coauthors: Martin F Grace, James I Hilliard).

"On the Demand for Corporate Insurance," , Heidelberg: Springer-Verlag, December 2013, pp. 34 (coauthors: Richard D MacMinn).

"Rainfall or Rainmaking? Lawyers, Courts, and the Price of Mold Insurance in Texas," Journal of Risk and Insurance, The, Vol. 79, No. 3, (September 2012), pp. 817-839 (coauthors: Chuck North, Carl R. Gwin).

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

"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," , London, January 2003, pp. 163-186 (coauthors: Nick Golden, 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," , Norwell, MA, December 2000, pp. 541-564 (coauthors: Richard D. MacMinn).

"The Role of Electronic Commerce in Financial Services Integration," The 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 & 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'," , Chicago, May 1999, pp. 189-91 (coauthors: Kenneth Froot).

"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," The Journal of Business, Vol. 68, No. 3, (July 1995), pp. 383-404 (coauthors: Neil A. Doherty).

Bradley, S. W., Garven, J. R., Law, W. W., & West, J. E. (2018). The Impact of Chief Diversity Officers on Diverse Faculty Hiring (No. w24969). National Bureau of Economic Research.

Presentations and Proceedings

Basic or Discovery Scholarship

"Optimism Bias and the Demand for Health Insurance," presented at the Western Risk and Insurance Association, Waikiki Beach, HI, January 2022 (coauthors: David L. Dicks, James I Hilliard).

"Optimism Bias and the Demand for Health Insurance," presented at the Temple University Research Seminar, Philadelphia, PA, July 2020 (coauthors: David L. Dicks, James I Hilliard).

"Asymmetric Information Theory of Insurance Cycles," presented at the European Group of Risk and Insurance Economists, Rome, Italy, September 2019 (coauthors: David L. Dicks).

"What You Don't Know Can Hurt You: Exploiting Asymmetric Information in Financing Decisions," presented at the Temple University Research Seminar, Philadelphia, PA, February 2019 (coauthors: James I Hilliard, Linda S Klein).

"A Theory of Capital-Driven Cycles in Insurance," presented at the American Risk and Insurance Association, Chicago, IL, August 2018 (coauthors: David L. Dicks).

"Life Insurance and Annuities: Natural Hedges?," presented at the American Risk and Insurance Association, Toronto, CA, August 2017 (coauthors: James I Hilliard, David Pooser, Ping Wang).
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