Contact Information

Biography

Dr. Philip Baird is an Associate Professor of Finance at the Palumbo-Donahue School of Business. He teaches both graduate and undergraduate courses, including Security Analysis, Fund Management and Financial Management. Dr. Baird served as the Economics and Finance Department Chair from 2021-2024.

Dr. Baird's 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.

Education

  • Ph.D., Finance, University of Tennessee
  • M.B.A., Finance, University of Tennessee

School

Palumbo-Donahue School of Business
  • Outstanding Educator Award, Donahue Business Society, 2010
  • Kurt Rethwisch Outstanding Teacher Award, 2001 and 2007

Articles in Journals

Baird, P. (2019). Do Investors Recognize Biases in Securities Analysts' Forecasts?. Review of Financial Economics.

Baird, P. (2017). Value Line Quarterly EPS Forecast Error: Analyst Credibility or Management Appeasement. Financial Services Review.

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.

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.