Eric C. Girard

My Professional Experience

Current Research

Emerging Markets, Asset Pricing Theory, Futures and Option Pricing Theory

Articles & Book Reviews

• Evidence of A Systematic Country Risk premium
  Global Business and Technology Association Readings Book
  July, 2018
• Evidence of the Diminishing Return in Macro Bet Strategies When Using Chinese Equities as a Stand-Alone Asset Class
  Research Journal of Economics & Business Studies, vol. 4
  July, 2015
• On the Pricing Of Chinese Stocks
  International Business & Economics Research Journal, vol. 12
  2013
• Are Chinese Equity Markets A Separate Asset Class?
  Las Vegas International Academic Conference
  October, 2012
• Determinants Of Chinese Stocks' Risk Premiums
  Las Vegas International Academic Conference
  October, 2012
• Empirical Evidence of the Existence of Investable Premiums in Emerging Market Investable Stocks
  Financial Review, vol. 45
  November, 2010
• Faith-Based Ethical Investing: The Case of Dow Jones Islamic Indexes
  Islamic Economic Studies, vol. 17
  January, 2010
• Determinants of Emerging Markets' Commercial Bank Stock Returns
  Global Journal of Business Research, vol. 4
  2010
• The Efficacy of Conditional Cost of Carry Models
  Review of Futures Markets, vol. 18
  2010
• Cost of Carry On Steroids: Application to the Pricing Oil Futures
  International Journal of Business and Finance Research, vol. 4
  2009
• On the Relationship Between Trading Volume and Stock Price Volatility in CASE
  International Journal of Managerial Finance, vol. 5
  2009
• Stock Market Volatility and Trading Volume: An Emerging Market Experience
  Journal of Applied Finance, vol. 15
  2009
• Do Periodically Collapsing Bubbles in Latin American and Asian Emerging Markets Really Exist?
  Journal of Business and Economics Research, vol. 7
  July, 2008
• Risk and Return in the Next Frontier
  The Journal of Emerging Market Finance
  January, 2008
• The Cost of Faith-Based Investing
  South Western Finance Association Conference
  2008
• The Relationship Between Information Flow and Energy Futures Volatility
  Review of Futures Markets, vol. 16
  2008
• The Relative Importance of Global, Country and Sector Risks
  Advances in Financial Planning and Forecasting, vol. 3
  2008
• The Risk Factors Associated with Investing in an Emerging Equity Market during the EU Membership Process
  International Journal of Business and Finance Research, vol. 3
  2008
• Trading Volume and Market Volatility: Developed vs. Emerging Stock Markets
  Financial Review, vol. 42
  August, 2007
• Cost of Equity in Emerging Markets: The Case of Argentina
  Journal of International Finance and Economics, vol. V
  2007
• Determinants of Bank Returns in Emerging Capital Markets
  Academy of Financial Services Annual Meeting
  2007
• Is There a Cost to Faith-Based Investing? Evidence from FTSE Islamic Indices
  Academy of Financial Services Annual Meeting
  2007
• On the Evaluation of Chinese Firms' Cost of Equity
  Academy of Financial Services Annual Meeting
  2007
• On the Market Price of Risk: A Global Evidence
  Journal of the Academy of Finance, vol. 7
  2007
• Risk Factors Affecting Emerging Market Investable Stocks
  Academy of Financial Services Annual Meeting
  2007
• Are Returns of Emerging Markets' Investable Stocks Subjected to a Capital Control Premium?
  Academy of Financial Services Annual Meeting
  2006
• Currency Option Pricing: A Synthesis
  International Journal of Business Strategy, vol. III
  2006
• Does Total Risk Matter? The Case of Emerging Capital Markets
  Mulitinational Finance Journal, vol. 10
  2006
• Faith Based Ethical Investing: The Case of the Dow Jones Islamic Indexes
  Academy of Financial Services Annual Meeting
  2006
• Firm, Sector, Country and Systematic Effects in Emerging Markets' Stocks
  Journal of International Business & Economics, vol. VI
  2006
• Measuring Private Equity Stock Reactions
  Academy of Financial Services Annual Meeting
  2006
• Risk and Return in the Next Frontier
  Academy of Financial Services Annual Meeting
  2006
• Stock Market Volatility and Trading Volume: Turkish Experience
  Academy of Financial Services Annual Meeting
  2006
• Stock Price Discovery in CASE
  Academy of Financial Services Annual Meeting
  2006
• Volume Versus GARCH Effects: Comparative Evidence on Developed and Emerging Markets
  Academy of Financial Services Annual Meeting
  2006
• Volume versus GARCH Effects in the Ivory Coast Stock Market
  Journal Of Emerging Markets, vol. 23
  2006
• What Risks are Systematic in Thinly Traded Capital Markets: The Case of Arab Countries
  Journal Of International Financial Markets, Institutions And Money
  2006
• A N-Assets Efficient Frontier in Investment Courses
  Journal of College Teaching and Learning, vol. 2
  January, 2005
• 'Asymmetric Reverting Investors' Behaviors and Overreaction Hypothesis: The Case of Asian Capital Markets
  Journal of International Business & Economics, vol. 3
  2005
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  Academy of Financial Services Annual Meeting
  2005
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  Journal Of Financial Education
  2005
• Empirical Evidence on Return-Trading Volume Relationship in Frontier Markets: Case of the Abidjan Stock Market (BRVM)
  Academy of Financial Services Annual Meeting
  2005
• Goody-Two-Shoes or Bad-To-The-Bone: The Case of SRI
  Academy of Financial Services Annual Meeting
  2005
• What Risks are Systematic in Thinly Traded Capital Markets: The Case of Arab Countries
  Academy of Financial Services Annual Meeting
  2005
• A Pricing Matrix for American Currency Options
  The Journal of Financial and Economic Practice, vol. 3
  2004
• An N-Assets Efficient Frontier in the Classroom
  Academy of Financial Services Annual Meeting
  2004
• Inter and Intra-Regional Linkages to MENA Capital Markets
  Quarterly Journal Of Business And Economics, vol. 43
  2004
• Long Term Stochastic Trends in MENA Capital Markets
  International Business & Economics Research Journal, vol. 3
  2004
• Risk Aversion in Latin American Markets
  Journal of International Business & Economics, vol. 1
  2004
• Sector Risk Decomposition in Asian and Latin American Markets
  Academy of Financial Services Annual Meeting
  2004
• Financial Crises and Aversion to Global and Local Risk Factors: The Case of Latin American Emerging Capital Markets
  Academy of Financial Services Annual Meeting
  2003
• On Market Price of Risk in Asian Capital Markets Around the Asian Flu
  International Review Of Financial Analysis, vol. 12
  2003
• On Risk and Return in MENA Capital Markets
  International Journal Of Business, vol. 8
  2003
• On the Shift of Risk Aversion in Latin American Capital Market as a Result of the Tequilla Crisis, the Asian Flu and the Russian Virus
  Journal of the Academy of Finance, vol. 1
  2003
• Asymmetric Reverting Behavior of Stock Returns in MENA Capital Markets
  Review of the Academy of Finance, vol. 2
  March, 2002
• A Global View on Market Price of Risk
  Financial Management Association International Annual Meeting
  2002
• Consequences of the Asian Financial Crisis on Global Asset Allocations Strategies: Evidence from the Asian Block
  International Review of Comparative Public Policy, vol. 13
  2002
• Intertemporal Risk-Return Relationship in the Asian Markets Around the Asian Crisis
  Financial Services Review: Journal Of Individual Financial Management, vol. 10
  2002
• On the Evolution of Intercontinental Capital Market Linkages: The Case of Middle East and North African Capital Markets
  Academy of Financial Services Annual Meeting
  2002
• The Effect of the Asian Financial Crisis on Stock Returns, Volatility and Market Integration in the Region
  Studies in Economics and Finance, vol. 20
  2002
• Consequences of the Asian Financial Crisis on Global Asset Allocation Strategies: Evidence From the Asian Block
  Global Finance Conference
  2001
• Intertemporal Risk-Return Relationship in the Asian Markets Around the Asian Crisis
  Academy of Financial Services Annual Meeting
  2001
• The Effect of the Asian Financial Crisis on Stock Returns, Volatility and Market Integration in the Region
  Studies In Economics And Finance (Studies In Economic Analysis), vol. 3
  2001
• A VBA Solution To Modern Portfolio Theory
  Journal of Economics and Finance Education, vol. 19
  Summer, 2020
• Capital Control Premium and Investable Risk in Emerging Capital Markets
  Journal Of Investing, vol. 16
  Winter, 2007
• Faith-Based Ethical Investing: The Case of FTSE Islamic Indexes
  Journal Of Investing, vol. 17
  Winter, 2008
• How Does Country Risk Matter?
  The Journal of Global Business and Technology, vol. 14
  Spring, 2018
• Investissement Ethique Fonde sur la Foi: Cas des Indices Dow Jones Islamiques
  Etudes en Economie Islamique, vol. 5
  May/Jun, 2012
• Robustness of Dilution-Adjusted Versus Standard Abnormal Returns: The Case of Equity Private Placement Announcement Performance
  The Journal of Private Equity, vol. 9
  Summer, 2006
• Socially Responsible Investments: Goody-two-shoes or Bad-to-the-bone?
  Journal Of Investing
  Spring, 2007

Awards & Distinctions

•  Best paper award at the Global Business and Technology Association Annual Conference for "Constructing a Country Risk Premium Benchmark."
  Category: Research
  Global Business and Technology Association, 2018
• School of Business Research Award
  Category: Research
  School of Business Research Award, 2011
• Best paper in Finance at the 2009 GBR conference for: Cost of Carry On Steroids: Application to the Pricing Oil Futures.
  Category: Research
  Global Business Research Institute, 2009
• Best paper in Finance at the 2009 GBR conference for: Determinants of Emerging Markets' Commercial Bank Stock Returns.
  Category: Research
  Global Business Research Institute, 2009
• Nominee
  Category: Research
  Kennedy Award, 2007
• Award 'in appreciation for the guidance provided to student research recognized as the Distinguished Paper presented at the 2006 Siena College Student Conference in Business.'
  Category: Teaching
  Siena College, 2006
• Nominee
  Category: Research
  Kennedy Award, 2006
• Outstanding Paper Award at the 2005 Annual Meeting in Chicago. Paper Title: 'Goody-Two-Shoes or Bad-To-The-Bone: The Case of SRI'
  Category: Research
  Academy of Financial Services, 2005
• Outstanding Paper Award at the 2005 meeting in Las Vegas. Paper Title: 'Asymmetric Reverting Investors' Behaviors and Overreaction Hypothesis: The Case of Asian Capital Markets'
  Category: Research
  International Academy of Economics and Business, 2005
• Outstanding Paper Award at the 2004 meeting in Las Vegas. 'Paper Title: Risk Aversion in Latin American Markets'
  Category: Research
  International Academy of Economics Business, 2004
• Outstanding Paper Award at the annual meeting in Chicago. Paper Title: 'Asymmetric Reverting Behavior of Stock Returns in MENA Capital Markets'
  Category: Research
  MBAA/Academy of Finance, 2002
• Outstanding Paper Award at the annual meeting in San Antonio. Paper Title: 'Inter and Intra-Regional Linkages to MENA Capital Markets'
  Category: Research
  Academy of Financial Services, 2002
• Outstanding Paper Award at the annual meeting in Toronto. Paper Title: 'Intertemporal Risk-Return Relationship in the Asian Markets around the Asian Crisis'
  Category: Research
  Academy of Financial Services, 2001
• Outstanding Doctoral Student Award
  Category: Research
  United States International University, 1999
• Outstanding Teaching Award, sponsored by the 'Business Students Association'
  Category: Teaching
  United States International University, 1998
• Outstanding Teaching Award, sponsored by the 'Business Students Association.'
  Category: Teaching
  United States International University, 1997

Books & Book Chapters

• The Foundations of Islamic Banking: Theory, Practice and Education
  Edward Elgar Publishing Inc
  2011

Presentations

• Constructing a Country Risk Premium Benchmark
  July, 2018
  Global Business and Technology Association Annual International Conference, Bangkok, Thailand
• A Simple Classroom VBA Solution To An Integrated Tactical Asset Allocation Problem
  December, 2015
  Academy of Business Administration National Conference, Providenciales, Unknown
• Are Chinese Equity Markets A Separate Asset Class?
  October, 2012
  International Academic Conference, Las Vegas, Nevada
• Determinants Of Chinese Stocks' Risk Premiums
  October, 2012
  International Academic Conference, Las Vegas, Nevada
• Teaching in a trading room
  October, 2012
  Running a College Trading Floor by NERCOMP, Loudonville, New York
• Cost of Carry on Steroids
  May, 2009
  Costa Rica Global Conference on Business and Finance, San Jose, Costa Rica
• Determinants of Emerging Market Commercial Bank Stock Returns
  May, 2009
  Costa Rica Global Conference on Business and Finance, San Jose, Costa Rica
• Duration and Concentration: An Analysis of Emerging Markets' Commercial Bank Stock Returns
  2009
  Costa Rica Global Conference on Business and Finance, San Jose, Costa Rica
• The Cost of Faith-Based Investing
  March, 2008
  South Western Finance Association Conference, Houston, Texas
• Cost of Equity in Emerging Markets: The Case of Argentina
  October, 2007
  International Academy of Business and Economics Conference, Las Vegas, Nevada
• Determinants of Bank Returns in Emerging Capital Markets
  October, 2007
  Academy of Financial Services Annual Meeting, Orlando, Florida
• Is There a Cost to Faith-Bbased Investing? Evidence from FTSE Islamic Indices
  October, 2007
  Academy of Financial Services Annual Meeting, Orlando, Florida
• On the Evaluation of Chinese Firms' Cost of Equity
  October, 2007
  Academy of Financial Services Annual Meeting, Orlando, Florida
• Risk Factors Affecting Emerging Market Investable Stocks
  October, 2007
  Academy of Financial Services Annual Meeting, Orlando, Florida
• Are Returns of Emerging Markets' Investable Stocks Subjected to a Capital Control Premium?
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Utah
• Are Returns of Emerging Markets' Investable Stocks Subjected to a Capital Control Premium?
  October, 2006
  Financial Management Association International Annual Meeting, Salt Lake City, Utah
• Capitol Control Premium and Investable Risk in Emerging Capital Markets
  October, 2006
  Financial Management Association International Annual Meeting, Salt Lake City, Utah
• Currency Option Pricing: A Synthesis
  October, 2006
  International Academy of Business and Economics, Las Vegas, Nevada
• Faith Based Ethical Investing: The Case of the Dow Jones Islamic Indexes
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Utah
• Faith Based Ethical Investing: The Case of the Dow Jones Islamic Indexes
  October, 2006
  Financial Management Association International Annual Meeting, Salt Lake City, Utah
• Firm, Sector, Country and Systematic Effects in Emerging Markets' Stocks
  October, 2006
  Academy of International Business and Economics Annual Conference, Las Vegas, Nevada
• Measuring Private Equity Stock Reactions
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Utah
• Risk and Return in the Next Frontier
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Utah
• Risk and Return in the Next Frontier
  October, 2006
  Financial Management Association International Annual Meeting, Salt Lake City, Utah
• Risk and Return in the Next Frontier
  October, 2006
  Financial Management Association International Annual Meeting, Salt Lake City, Utah
• Stock Market Volatility and Trading Volume: Turkish Experience
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Utah
• Stock Price Discovery in CASE
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Utah
• Volume Versus GARCH Effects: Comparative Evidence on Developed and Emerging Markets
  October, 2006
  Academy of Financial Services Annual Meeting, Salt Lake City, Texas
• Asymmetric Reverting Investors' Behaviors and Overreaction Hypothesis: The Case of Asian Capital Markets
  October, 2005
  International Academy of Business and Economics, Las Vegas, Nevada
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  October, 2005
  Academy of Financial Services Annual Meeting, Chicago, Illinois
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  October, 2005
  Financial Management Association International Annual Meeting, Chicago, Illinois
• Empirical Evidence on Return-Trading Volume Relationship in Frontier Markets: Case of the Abidjan Stock Market (BRVM) Data
  October, 2005
  Academy of Financial Services Annual Meeting, Chicago, Illinois
• Goody-Two-Shoes or Bad-To-The-Bone: The Case of SRI
  October, 2005
  Academy of Financial Services Annual Meeting, Chicago, Illinois
• Goody-Two-Shoes or Bad-To-The-Bone: The Case of SRI
  October, 2005
  Financial Management Association International Annual Meeting, Chicago, Illinois
• What Risks are Systematic in Thinly Traded Capital Markets: The Case of Arab Countries
  October, 2005
  Academy of Financial Services Annual Meeting, Chicago, Illinois
• Conducting Performance Attribution Analysis in the Classroom Using Real Market Data
  2005
  Financial Education Association Conference, Orlando, Florida
• A N-Assets Efficient Frontier in the Classroom
  2004
  Academy of Financial Services Annual Meeting, New Orleans, Louisiana
• Risk Aversion in Latin American Markets
  2004
  International Academy of Business and Economics, Las Vegas, Nevada
• Sector Risk Decomposition in Asian and Latin American Markets
  2004
  Academy of Financial Services Annual Meeting, Bew Irkeabs, Kentucky
• On the Dynamics of Risk Aversion In Latin American Capital Markets Around the Tequila Crisis, the Asian Flu, and the Russian Virus
  March, 2003
  Midwest Business Administration Association, Chicago, Illinois
• Do Efficient Portfolios Really Matter? The Case for Investors in the NAFTA Region
  2003
  Midwest Financial Management Association, St. Louis, Missouri
• Evolution of the Sensitivity to Global and Local Risk Factors in Latin American Capital Markets
  2003
  Financial Management Association International Annual Meeting, Denver, Colorado
• Financial Crises and Aversion to Global and Local Risk Factors: The Case of Latin American Emerging Capital Markets
  2003
  Academy of Financial Services Annual Meeting, Denver, Colorado
• On Return and Return Dispersion in Emerging Markets
  2003
  Eastern Financial Management Association, Orlando, Florida
• The Relevance of ICAPM: The Case of Emerging Markets
  2003
  Midwest Financial Management Association, St. Louis, Missouri
• A Global View on Market Price of Risk
  2002
  Academy of Financial Services Annual Meeting, San Antonio, Texas
• A Global View on Market Price of Risk
  2002
  Financial Management Association International Annual Meeting, San Antonio, Texas
• Asymmetric Reverting Behavior of Stock Returns in MENA Capital Markets
  2002
  Academy of Finance Conference, Chicago, Illinois
• Inter and Intra-Regional Linkages MENA Capital Markets
  2002
  Financial Management Association International Annual Meeting, San Antonio, Texas
• On the Evolution of Intercontinental Capital Market Linkages: The Case of Middle East and North African Capital Markets
  2002
  Academy of Financial Services Annual Meeting, San Antonio, Texas
• Asymmetric Reverting Behavior of Stock Returns in Asian Markets Around the Asian Flu
  October, 2001
  Financial Management Association International Annual Meeting, Toronto, Canada
• Intertemporal Risk-Return Relationship in the Asian Markets Around the Asian Crisis
  October, 2001
  Academy of Financial Services Annual Meeting, Toronto, Canada
• Consequences of the Asian Financial Crisis on Global Asset Allocation Strategies: Evidence From the Asian Block
  2001
  Global Finance Conference, Los Angeles, California
• On Cross Country Linkages in Asian Capital Markets
  2000
  Tun Rasac Asian Conference, Kuala Lumpur, Malaysia
• The Effect of the Asian Financial Crisis on Stock Returns, Volatility and Market Integration in the Region
  2000
  Financial Management Association International Annual Meeting, Seattle, Washington
• Models Comparison and Empirical Heuristic Map to Price American Currency Options
  1999
  Financial Management Association International Annual Meeting, Orlando, Florida