Tom joined the Furman faculty in 2001 after teaching two years at the University of Tennessee at Chattanooga. After leaving Furman in 1985, he spent 4 years in the Army as an Engineer Officer, including tours of duty in Honduras and Costa Rica. After leaving the Army in 1989, Tom worked for what was Mobil Oil for almost 7 years in New York City and Fairfax, Virginia where he was a systems and business analyst.

Since finishing South Carolina, Tom has published numerous articles in both academic and practitioner journals, has been quoted or his work cited in the Wall Street Journal, Financial Times, USA Today, Consumer Reports, Money Magazine, CNN Money, the Chicago Tribune, and the Miami Herald. Tom has a wife, Melissa, and four children, Zachary, Meagan, Erica, and Sarah.


Name Title Description


Managerial Accounting Prncpls

The use of accounting information by management in planning, control and decision-making in business enterprises. Topics include production decisions, activity-based costing, budgeting and standards, and capital investment decisions.


Perspectives on Business

An introduction to the various functional areas of business (accounting, finance, marketing, and operations) with emphasis on their integration. Other topics of importance, such as globalization, ethics and corporate social responsibility, and the impact of new technology, will also be addressed and examined in the context of the current business environment. In addition, the course will examine the intersection of business with various other subject that are traditionally taught in the liberal arts. For non-Business Administration majors ONLY.


Intro to Finance & Markets

Introduction to financial markets analyzing the sources and costs of funds available as well as factors affecting their allocation. For non-Business Administration majors only.


Intro to Corporate Finance

Goals of the firm in the context of the financial markets in which it operates. Emphasis on analyzing the sources and costs of funds available as well as factors affecting their allocation. Available only via Business Block.


Investments Management

Applied capital markets course using a traditional text, case studies and a trading simulation to explore security valuation, qualitative/quantitative techniques & portfolio management theory.� Security valuation and portfolio risk/return math requires the use of complex formulas, financial calculators and Microsoft Excel.� Students will benefit by having some experience in statistical interpretation.


International Finance

Study of international markets and the financial operations that take place in those markets. The financial aspects and operations of multinational corporations are highlighted. Topics include: exchange rate behavior and risk management, financing of international operations, and international capital budgeting.


Financial Institutions

The nature of the funds sources and asset preferences of the major financial institutions, as well as an overview of the financial markets within which they function. Point of view is that of decision makers operating within the institutions.


Equity Valuation

Common methods of valuing stock in the marketplace from an Investment Banking perspective, discounted cash flow and relative valuation. Additionally, the course will build on concepts developed in Business Finance.


Personal Finance

Consideration of personal income, expenditures, borrowing, savings and investments. May not fulfill a major requirement for majors offered within Economics.

My personal approach to teaching is centered on four principles: 1) relating "textbook theories" to real world applications; 2) demonstrating a genuine concern for students' overall welfare; 3) recognizing the importance of academic balance; and 4) recognizing that teaching is a reciprocal experience.

  • "The Impact of Advertising on Fund Flows in Alternative Distribution Channels", co-authored with Jeff Yankow, Vance Lesseig, and Michael Jones, forthcoming in the International Journal of Financial Research
  • "Regulating Information Disclosure in Mutual Fund Advertising in the Untied States: Will Consumers Use Cost Information," co-authored with Beth Pontari and Andrea Stanaland, the Journal of Consumer Policy, Volume 32, 333-351
  • "Undergraduate Management Education for Sustainability: A Perspective from the Liberal Arts," co-authored with Kirk Karwan and Robert Underwood, Chapter in the Management Education for Global Sustainability, Vol. 8 in the Research Management Education and Development Series, Charles Wankel and James A.F. Stoner, editors. IAP Publishers, Charlotte, NC
  • "The Paradigm of Competition: The Business Perspective", Chapter 10, Competition: A Multidisciplinary Analysis, co-authored with Kirk Karwan, Wade Worthen, Scott Henderson, Paul Rasmussen, and Lloyd Benson, editors, Sense Publishers
  • "Division Manager Lobbying Power and the Allocation of Capital in Multi-Divisional Firms", co-authored with Chris McNeil, Financial Review, Volume 44, No. 1, 59-85
  • "The Customer Orientation of Financial Advisers", co-authored with Diane Halstead, Michael Jones, and Vance Lesseig, Journal of Financial Services Marketing, Volume 13, No. 3, 183-192
  • "The Impact of Advertising on Mutual Fund Flows: The Story of the Finnish Market", co-authored with Timo Korkeamaki and Vesa Puttonen, International Journal of Bank Marketing, Volume 25, No. 7, 434-451
  • "Mutual Fund Advertising: Should Investors Take Notice", co-authored with Michael Jones, Vance Lesseig, and Valerie Taylor, Journal of Financial Services Marketing, Volume 12, No. 3, 242-254
  • "The Price-Volume Relationship and Mispricing in the Market Model", co-authored with D. Michael Long and Vance Lesseig, Journal of Academy of Business and Economics, January 2007
  • "The Effect of Distribution Channels on Mutual Fund Flows," co-authored with Mikko Knuutila and Vesa Puttonen, Journal of Financial Services Marketing, Volume 12, No. 1, 88-96
  • "The Impact of Fund Sponsorship on Fund Expenses in Institutional and Retail Fund Markets," co-authored with Michael Long and Vance Lesseig, Journal of International Finance and Economics, Volume 2, No. 1, 39-49
  • "Performance of Mutual Funds Operated by Financial Services Firms", co-authored with D. Michael Long and Vance Lesseig, Review of Business Research, Volume 5, No. 2, 127-134
  • "Financial Advisors and Multiple Share Class Mutual Funds", co-authored with Michael Jones and Vance Lesseig, Financial Services Review, 14, 1-20
  • "Financial Advisors and Mutual Fund Selection", co-authored with Michael Jones and Vance Lesseig, Journal of Financial Planning, 18(3), March 2005, 64-70
  • "The 'CalPERS Effect' Revisited , co-authored with Phil English and Chris McNeil; presented at the 2000 FMA meeting, Journal of Corporate Finance, 10, 157-174
  • "Effects of Market Segmentation and Bank Concentration on Mutual Fund Expenses and Returns: Evidence from Finland" co-authored with Timo Korkeamaki; September 2004, European Financial Management journal
  • "EVA Implementation Issues: The Story of One Company", co-authored with Leisa Cagle and John Fulmer, Journal of Corporate Accounting and Finance (14) March/April 2003, 65-70
  • "An Examination of Information Content in Mutual Fund Advertising" co-authored with Michael Jones, Journal of Consumer Affairs 37 (1), 48-67
  • "Growing Sales and Losing Cash: Assisting Your Small Business Customer with Cash Flow Management", co-authored with John Fulmer, Howard Finch, and Tom Payne, July 2002 Commercial Lending Review
  • "Managing Interest Rate Risk From the Community Bank's Perspective", co-authored with Greg Henry and John Fulmer, June 2002, Bank Accounting and Finance
  • "Gains to Mutual Fund Sponsors Offering Multiple Share Class Funds", co-authored with D. Michael Long and Vance Lesseig, The Journal of Financial Research XXV, 2002, p. 81-98
  • "Making Your Loan Package Competitive", co-authored with John Fulmer, Spring 2001, Commercial Lending Review
  • "Using Net Present Value in Cooperatives", co-authored with John Fulmer and Fred Johnson; Fall 2000, The Cooperative Accountant
  • "Evaluating Alternative Loan Packages", co-authored with John Fulmer, September/October 2000, Journal of Construction Accounting and Taxation.
Ph.D, B.A.
University of South Carolina 1999
George Mason University 1993
B.S. Mathematics
Furman University 1985

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