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April, 2019THOMAS H. EYSSELLUniversity of Missouri-St. LouisCollege of Business AdministrationOne University BoulevardSt. Louis, MO 63121e-mail: eyssellt@msx.umsl.eduCURRENT POSITIONSInternalProfessor of Finance and Legal StudiesCollege of Business Administration Associate Dean emeritusDirector, UMSL Financial Planning ProgramExternalVisiting Professor – Nanjing University School of Business (China)Visiting Professor – Seinajoki University of Applied Sciences (Finland)Board Member and Education Chair – Financial Planning Association of Greater St. LouisBoard Member – Certified Senior Advisors, St. Louis ChapterAREAS OF PROFESSIONAL INTEREST (RESEARCH AND TEACHING)Issues in Individual Financial Management, Behavioral Finance, Corporate Finance.EDUCATIONPh.D.MBATexas A & M University: December 1986 (Primary field: Finance, Secondary Field: Statistics)Pittsburg State University: May 1979, BSBA Pittsburg State University: May 1978PROFESSIONAL EXPERIENCEAssociate Dean and Director of Graduate Studies: UMSL College of Business, 2005 – 2018.Founding Co-Director, UMSL Doctor of Business Administration Program, 2017 – 2018.Department Chair, Finance and Legal Studies: 2015 – 2016.Interim Dean: UM-St. Louis College of Business Administration, 2003 – 2004.Professor of Finance and Legal Studies: University of Missouri-St. Louis, 2004 – present.Director, Graduate Business Programs: UM-St. Louis College of Business, 1999 – 2002, 2004 – 2005.Director: UMSL Financial Planning Programs: 1997 – present.Assistant, Associate Professor of Finance: University of Missouri-St. Louis: 1986 – 2004.Lecturer, Research Assistant: Texas A&M University: 1983 – 1986.Assistant Professor of Business Administration: Fort Hays State University: 1981 – 1983.Consumer Credit Institute Counselor: 1982 – 1983.Financial Analyst: TRW Corporation: 1980 – 1981.Systems Liaison: Western Property and Casualty: 1979 – 19801
INTELLECTUAL CONTRIBUTIONSEyssell, Thomas, and L.D. Smith. “CSAs, Seniors, and the Integrity of Their Credit Files: Now MoreThan Ever.” Forthcoming: Journal of the Society of Certified Senior Advisors. (cover story)Smith, L.D., Staten, Michael, Eyssell, Thomas, Karig, Maureen, Feinstein, Jeffrey, and CathleenJohnston. “Credit Usage, Payment Behavior, and the Accuracy of Consumer Credit Files.” FinancialServices Review 27:1 (Spring, 2018):1-28 (lead article).Rottman, J., and Thomas Eyssell. Case: “EdwardJones and the Client of the Future.” Used in 2017UMSL International Business Case Competition.Eyssell, Thomas, Moehrle, Steven, and Joseph Rottman. “Assessment of Undergraduate and GraduateBusiness Programs-Gulf University of Science and Technology.” Technical report prepared forpresentation to the Private Universities Council (PUC), Kuwait Ministry of Education (July, 2017).Smith, L.D., Staten, Michael, Eyssell, Thomas, Karig, Maureen, Freeborn, Beth, and Andrea Golden,“Accuracy of Information Maintained by U.S. Credit Bureaus: Frequency of Errors and Effects onConsumers’ Credit Scores.” Journal of Consumer Affairs 47:3 (Fall 2013): 588-601.“Financing Retirement: Health and Longevity.” Book chapter. Society of Certified Senior Advisors.(Sept., 2013).“Investing Basics for Seniors.” Book chapter. Society of Certified Senior Advisors. (Sept., 2013).Blood, Milton, and Thomas Eyssell. “External Assessment of the Academic Quality of the MBAProgram of the Gulf University of Science and Technology.” Technical report prepared forpresentation to the Private Universities Council (PUC), Kuwait Ministry of Education (June, 2013).Eyssell, Thomas H., Hung-gay Fung, and Gaiyan. Zhang, “Determinants and Price Discovery of ChinaSovereign Credit Default Swaps.” China Economic Review. (2013, v. 24):1-15.Eyssell, Thomas H., and L. Douglas Smith, “Contrary to Popular Opinion: The Importance ofConsumer Credit Scores for Senior Citizens.” Journal of the Society of Certified Senior Advisors.(April 2012): 54-60.Smith, L. Douglas, Thomas H. Eyssell, Maureen Karig, Paul Pratte, Michael Staten, Cathleen Johnson,Martha Staten, Rebecca Barry, and Anthony Stovall. FACTA 319 National Study on the Accuracy ofCredit Bureau Information.” Federal Trade Commission FTC-10-0187 (October, 2011).Blood, Milton, and Thomas H. Eyssell. “External Assessment of the Quality of the AcademicPerformance of the MBA Program: Gulf University of Science and Technology.” Technical report forthe Private Universities Council (PUC), Kuwait Ministry of Education (submitted September, 2010).2
INTELLECTUAL CONTRIBUTIONS – continuedSmith, L. Douglas, Thomas H. Eyssell, Chloe Gray-Lecoz, Luigi Wewege, Michael Staten, and JeffFeinstein. “Pilot Study 2 on Processes for Determining the Accuracy of Credit Bureau Information.”Federal Trade Commission contract FTC07H7185 (October, 2008).Smith, L. Douglas., Edward Lawrence, Thomas H. Eyssell, Aarti Dinesh, Amanda Supriadi, MichaelStaten, Greg Elliehausen, and Jeffrey Feinstein. “Processes for Determining Accuracy of Credit BureauInformation-Report to the Federal Trade Commission.” Published in Federal Trade CommissionReport to Congress (December, 2006).“St. Louis and the Automobile.” Chapter in Hidden Assets: Connecting the Past to the Future of St.Louis. Richard Rosenfeld, editor (2006): 13-42.Eyssell, Thomas H., “Accounting for Inflation in Financial Planning: A Comparison of TwoSolutions to Complex Financial Planning Problems.” Journal of Financial Planning (March 2006).Eyssell, Thomas H., “What’s the Proper Beta? Financial Advisors and the ‘Two-Beta Trap’.” Journalof Financial Planning. (September 2003): 41-46.Eyssell, Thomas H., “Learning By Doing: Offering a University Practicum in Personal FinancialPlanning.” Financial Services Review. (Fall 1999): 293-304.Eyssell, Thomas H., “Financial Planning and College Savings Recommendations: Let's Set ThingsStraight.” Financial Services Review. (Fall 1997): 41-52.Arshadi, Nasser, and Thomas H. Eyssell, “On Corporate Governance: Public Corporations, CorporateTakeovers, Defensive Tactics, and Insider Trading.” Financial Markets, Instruments, and Institutions(Fall 1995): 74-103.Alpert, Frank, and Thomas H. Eyssell, “Getting the Most From Your Doctoral Program: Advice for thePh.D. Student in Finance.” Journal of Financial Education (Fall 1995): 12-20.Eyssell, Thomas H., and Donald Kummer, “Signaling, Insider Trading, and Post-OfferingPerformance: The Case of IPOs.” Journal of Applied Business Research (Summer 1993): 80-92.Arshadi, Nasser, Thomas H. Eyssell, and Kimberly Kempf, “The Law and Finance of CorporateInsider Trading.” Journal of Financial Practice and Education (Spring/Summer 1993): 39-45.Eyssell, Thomas H., and James Reburn, “Seasoned Equity Offerings, Information Asymmetry, andRegulatory Change: An Examination of the Effects of the Insider Trading Sanctions Act of 1984.”Journal of Financial Research (Summer 1993): 163-172.Eyssell, Thomas H., and Nasser Arshadi, “Insiders, Outsiders, or Trend-Chasers: An EmpiricalInvestigation Into Pre-Takeover Transactions in Target Firm Shares.” Journal of Financial Research(Spring 1993): 49-59.3
INTELLECTUAL CONTRIBUTIONS – continuedThe Law and Finance of Corporate Insider Trading: Theory and Evidence. (with Nasser Arshadi). TheNetherlands: Kluwer Publishing, Inc. 1993.Kempf, Kimberly, Nasser Arshadi, and Thomas H. Eyssell, “It is Insider Trading, but the Offenders areReally Outsiders.” Journal of Crime and Justice (June 1992): 111-137.Eyssell, Thomas H., “Corporate Insiders and the Death of the Firm: Evidence on the Incidence ofInsider Trading and Corporate Dissolutions.” The Financial Review 26 (November 1991): 517-534.Arshadi, Nasser and Thomas H. Eyssell, “Regulatory Deterrence and Registered Insider Trading: TheCase of Tender Offers.” Financial Management (Summer 1991): 30-39.Eyssell, Thomas, and Nasser Arshadi, “The Wealth Effects of the Risk-Based Capital Requirement inBanking: The Evidence from the Capital Markets.” Journal of Banking and Finance (September 1990):179-197.Eyssell, Thomas H., Donald Fraser, and Nanda Rangan, “Regulation K and Bank Stock Returns:Market Reaction to Debt-Equity Swaps.” Journal of Banking and Finance (December 1990): 853-868.Eyssell, Thomas H., “Corporate Insiders, Toehold Acquisitions and Information Leakage: Do InsidersTip Their Hands?” The Akron Business and Economic Review 21 (Spring 1990): 90-103.Eyssell, Thomas H., “Partial Acquisitions and Firm Performance.” Journal of Economics and Business41 (February 1989): 21-40.4
ADMINISTRATIVE ACTIVITIESFounding Co-Director UMSL Doctor of Business Administration (DBA) Program: Feb. 2017 – Dec. 2018The UMSL College of Business Administration obtained approval to launch a new degree program, theDoctor of Business Administration (hereafter DBA) from the UM System Board of Curators inFebruary, 2017. Approval was granted shortly thereafter by the Missouri Coordinating Board of HigherEducation, and we began recruiting the first cohort of DBA students virtually immediately. The DBAis designed for executive-level participants who wish to further their educations beyond the MBA (orequivalent), without giving up their current employment. At a program cost of 96,000, this offeringattracts individuals who have been successful in their careers, and allows the College of Business toutilize both the applied expertise of its faculty members, and its strategic location in Missouri’s largesteconomic region. Directorship duties were shared with Dr. Ekin Pellegrini, CoBA Director-ExecutiveEducation and associate professor in UMSL Global Leadership and Management.Associate Dean and Director of Graduate Studies: Nov. 2005 – Dec. 2018In addition to the duties described in the Graduate Business Programs Director listing below, thisposition is responsible for the maintenance of the College’s AACSB accreditation, new programdevelopment, strategic curriculum planning, assessment of learning outcomes, and faculty resourcedeployment. Below are some highlights of my following administrative activities:1.2.3.4.5.6.7.8.9.10.11.12.Oversaw the process of development and attainment of CBHE approval of the UMSL Doctorof Business Administration (DBA) program – spring, 2017.developed and executed a three-party partnership with the Aschaffenburg and SeinajokiInstitutes of Applied Sciences, bringing three university heads to St. Louis;oversaw (with Joe Rottman) the first annual meeting of the UMSL Chinese AlumniAssociation dinner and meeting in Nanjing, China in March, 2013;met with the president of our newest IMBA partner, National Kiaoshiung University ofScience and Technology and recruited incoming IMBA students;moved the ‘IMBA Fridays’ program for acclimating IMBA students to the InternationalBusiness Institute;developed and a executed collaborative agreement with the St. Louis College of Pharmacy tooffer to their students a variant of the existing graduate certificate entitled “GraduateCertificate in Business: Healthcare Administration;continued development of Brown Shoe SAP initiative, for launch in Fall 2013.began a series of ‘internal’ Information Sessions aimed at UMSL undergraduates, tocomplement the ‘external’ sessions we have held monthly for many years.implemented the first campus CRM (Customer Relationship Management) system forcontacting prospective students;implemented the Gradesfirst system for working with current students;Worked with the CoBA Graduate Studies Committee in developing the ‘Flex MBA’ as ameans of streamlining and modernizing the evening program. As part of this effort I securedcommitments from all of the Department Chairs to offer the MBA core courses in an online orhybrid format at least once annually; andcreated the monthly ‘Innovative Pedagogy’ workshops for faculty wishing to move theircourses online.5
ADMINISTRATIVE ACTIVITIES - continuedInterim Dean, UMSL College of Business Administration: January, 2003 – August, 2004This position is the Chief Academic Officer of the College of Business Administration. During thisperiod, the College had a 7.1 million annual budget, and served approximately 2500 undergraduateand 450 graduate students. During AY 2003-04 the College developed its first Vision Statement,revised its Mission Statement, developed a set of shared Organizational Values, and created its currentfive-year Strategic Plan. Also during this period, the College developed the materials for its upcomingreaffirmation of AACSB accreditation, created an Academic Internship Program, and implemented agraduate surcharge which generates approximately 90,000 annuallyDirector, Graduate Business Programs: Dec. 1999 – Dec. 2002, Aug. 2004 – Nov. 2005This position administers the following programs:Ph.D. in Business AdministrationMaster of Business Administration (Evening, Professional, International, on-site variants)Master of Science - Information SystemsMaster of AccountingThe position entails development and implementation of academic programs, marketing campaigns,student recruitment efforts, curriculum revision and development, program assessment, and as themanagement of office advising staff and student workers. While in this position, we have implementedextensive marketing and recruiting efforts which include the creation and purchase of advertisements invarious media, regular Information Sessions, direct-mailings, etc. From 1999 through 2008, we rolledout two doctoral programs and three new MBA programs. The number of graduate degrees awardedincreased approximately 50 percent over this period.Director, UMSL Financial Planning Programs: 1997 – present.The UM-St. Louis College of Business Administration offers two CFP Board-registered financialplanning programs. The for-credit undergraduate program consists of seven courses and serves as theFinancial Planning track within the Finance major. The noncredit Chancellor’s Certificate is operatedin conjunction with Business Continuing Education, and is offered as a complete examinationpreparation program. Both programs have been successful in attracting participants from theirrespective markets. The Director’s position entails maintenance of the program’s accreditation, serviceon the board of directors of the Financial Planning Association of Missouri, student recruiting,internship and full-time placement, fund-raising, and curriculum development. In this role I obtainedrenewal for the CFP Board-registered Financial Planning programs (for-credit and noncredit).6
SERVICE ACTIVITIESUniversity System ServiceReviewer: UM Research Board: 2012.University of Missouri System Retirement and Staff Benefits Committee: 1993 – 2015.President’s Academic Leadership Institute Advisory Committee: 2004 – 2006.UM Leadership Development Program: 2001.Campus Committees and Boards (selected activities)Program Review Committee: Office of the Graduate Dean: 2013UMSL ‘Be Inspired’ Campaign Committee: 2012Search Committee member: Business Continuing Education Director: 2012Chair: Graduate Council Program Development Committee: 2005 – 2006.College of Business Committees and Boards (last five years)Ad personam Committees: Dr. Gerald Gao, Ms. Emily Lane, Ms. Rhonda Tenkku: 2016Unit Committee: Dr. Greg Geisler: 2016Member: CoBA Dean Search Committee: 2013.Chair: Ad personam committees – Stephen Moehrle, Gaiyan Zhang: 2010College of Business Administration Strategic Planning Committee: 2010.College of Business Administration Dean’s Advisory Board: 1998 – present.College Leadership Council Salary Supplement subcommittee: 2008.College of Business Administration Ph.D. Policy Committee: 2007 – present.Chair: Associate Dean and Director of Undergraduate Studies search Committee: 2007.International Business Institute Fellow: 2007 – present.College of Business Administration Student Policy Committee: 2006 – present.International Business Leadership Council: 2004 – present.College of Business Administration Campaign Steering Committee: 2005 – present.College of Business Administration Faculty Policy Committee: 1999 – present.College of Business Administration International Business Board: 2002 – present.Member: CoBA Graduate Studies Committee: 1995 - 1996, 1999 – 2002, 2004 – present.PROFESSIONAL ACTIVITIESProfessional Service (last five years)Reviewer: Senior Spirit, newsletter of the Society of Certified Senior Advisors, 2013–present.University Relations Committee member: Society of Fin’l Services Professionals, 2013–present.Society of Certified Senior Advisors Editorial Committee: 2011-present.Director and Board member: Financial Planning Association of Missouri, 1999-present.Editorial Board Member: International Review of Accounting, Banking, and FinanceEditorial Review Board (Finance): Journal of Managerial Issues, 2006–present.Program Committee: Financial Education Association, 2009.Member: National Certification Committee-Society of Certified Senior Advisors, 2008-2010.7
SERVICE ACTIVITIES – continuedReviewer: Journal of Financial EducationMember: NBMBAA LEAD Planning Committee: 2009 – 2011.Member: Society of Certified Senior Advisors Certification Council: 2008 – 2011.Board member: Children’s Advocacy Services of Greater St. Louis, 2003 – 2009.Former Presidents Committee: Academy of Financial Services.Selected Presentations (last five years)Presenter: “Managing Your Credit.” National Geospatial Agency, St Louis, MO. May, 2013.Presenter: “Where am I Now? Getting a Grip on Your Finances.” National Geospatial Agency, StLouis, MO. April 2013.Presenter: “What’s in a Number? An Exploratory Analysis of the Impact of Data Errors on ConsumerCredit Scores,” Academy of Financial Services annual conference, Denver, CO October, 2010.Presenter: Midwest Business Deans meeting, “Embedded Assessment at UM-St. Louis,” March, 2008.GRANTS AND AWARDS“The Incidence of Data Errors and the Impact on Consumer Credit Scores.” Federal TradeCommission grant awarded September, 2010. (Faculty investigator) ( 1.3 million)“Financial Literacy Program.” State Farm Insurance (2007) 25,000, USBank (2008)- 10,000.“Credit Reporting and the Dispute Resolution Process: Pilot 2.” Federal Trade Commission grantawarded August, 2005. Smith, L.D., E. C. Lawrence, T. Eyssell, Greg Elliehausen, Jeffrey Feinstein,and Michael Staten. ( 170,000)“Financial Planning and Credit Analysis for the Low-Income Client.” State Farm Insurance grantawarded January, 2008. L.D. Smith, co-PI. ( 15,000)UMSL Grant – “A Longitudinal Analysis of Mutual Fund Managers’ Careers.” 2002 ( 890)Frontier Analytics AllocationMaster software. 2000 (Value: 495)Financial Planning Partner Solutions - UC Windows. 1999 (Value: 399)Financial Computer Support, Inc. – dbCAMS Financial Planning software. 1998 (Value: 1,995)Sawhney Systems, Inc. - ExecPlan software 1998 (Value: 3,995)I/B/E/S, Inc. Earnings Data - "Insider Trading and Earnings Surprises. " 1995 (Value: 2,000)Recipient: Business School Research Release Time Award, 1993.UM Weldon Spring Grant - "Insider Trading: Theory and Evidence." 1990. ( 15,000)UMSL Research Grant - "Insider Trading and Firm Performance: A New Approach." ( 3,500)8
COURSES AND SEMINARS DEVELOPEDFIN3560 Practice of Personal Financial Planning (2014: hybrid version, 2016: fully online)This course was offered in a hybrid (50% F2F, 50% OL) for the first time in spring 2014. Classmeeting time was replaced with various online pedagogy: videos, discussion board, web materials.Initial indications are positive, with the second iteration scheduled for fall 2015.FIN6500 Financial Management (2013, fully online version)This core course was reconfigured as a fully online offering through my completion of the Center forTeaching and Learning’s ‘Online in 9’ program. Responding to MBA student requests, we are in theprocess of moving MBA core courses to a combination of F2F and online formats. FIN6500 wasoffered in a fully online format for the first time in summer 2013 to highly positive reviews, and againin summer 2014.Credit and Debt Management for Professionals (2013)This workshop provides participant
out two doctoral programs and three new MBA programs. The number of graduate degrees awarded increased approximately 50 percent over this period. Director, UMSL Financial Planning Programs: 1997 – present. The UM-St. Louis College of Business Administration offers two CFP Board-registered financial planning programs.
