Associate Professor of Finance
Palumbo Donahue School of Business
Pittsburgh, PA, 15282
Phone: 412.396.4735 Fax: 412.396.4764
Professor Philip Baird is an Associate Professor Finance. He earned his Ph.D. and MBA degrees in Finance from the University of Tennessee. His research has been published in scholarly journals including the Quarterly Journal of Finance and Accounting, Journal of Financial Education, Journal of Business Ethics, Managerial Finance and Managerial and Decision Economics. Currently his research interests are in the area of equity valuation.
Professor Baird has twice been awarded the Kurt Rethwisch Outstanding Teacher Award (2001, 2007), and he has received the Outstanding Educator Award from the Donahue Business Society (2010). He teaches both graduate and undergraduate courses, including Security Analysis, Fund Management and Financial Management.
Articles in Journals
Baird, P. (2015). The Value Line Timeliness Ranking and the Equivalence of Analyst Forecasts and Market Expectations. Quarterly journal of finance and accounting, 53 (1&2), 43-74.
Baird, P. L. (2013). Teaching Equity Valuation with the Value Line Investment Survey: a Template. Journal of Financial Education, 39 (3/4), 92-120.
Baird, P. L., Geylani, P. C., & Roberts, J. A. (2012). Corporate Social and Financial Performance Re-Examined: Industry Effects in a Linear Mixed Model Analysis. Journal of Business Ethics, 109 (3), 367-388, doi: 10.1007/s10551-011-1135-z.
Baird, P. (2005). Is Smart Money Investing in Commodities? A Study of Returns to Speculators in Coffee, Crude Oil, and Soybean Futures Contracts. Global Business and Economics Anthology.
Baird, P. (2001). Securities Lending: An Overview. Derivatives Risk Management Service (DRMS).
Baird, P. (1999). Forward Equity Sales. Derivatives Risk Management Service (DRMS).
Baird, P. (1998). Hedging Share Repurchases with Cashless Collars. Derivatives Risk Management Service (DRMS).
Baird, P. (1997). Industrial Structure and Performance: Evidence from Corporate Combinations. Managerial Finance, 23(3), 3-18.
Baird, P. (1997). Should Firms Purchase Call Options on their Own Stock: The Case of Cephalon. Derivatives Risk Management Service (DRMS).
Baird, P. (1996). Post-merger, Managerial Superiority, and the Market for Corporate Control. Managerial and Decision Economics.
Baird, P. (1994). Implicit Volatility and the Pricing of Stock Index and Interest Rate Options in U.S. Managerial Finance, 20(5&6), 78-88.
Baird, P. (2014). Earnings Management: Evidence from Value Line Forecast Errors. Southwestern Finance Association, Texas & Eastern Finance Association Conference, Pennsylvania.
Baird, P. (2013). A New Look at Value Line Earnings and Stock Price Forecasts. Eastern Finance Association Conference, St. Pete Beach, Florida.
Baird, P., Geylani, P. C. , & Roberts, J. A. (2010). Corporate Social Responsibility and Shareholder Wealth. Alliance for Research on Corporate Sustainability, Harvard Business School, Second Annual Conference, Boston, Massachusetts.