SelectedWorks - Steven D. Dolvin

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Selected Works of Steven D. Dolvin

Professor of Finance

Steven Dolvin is a Professor of Finance at Butler University's Lacy School of Business

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About Steven D. Dolvin

Steven Dolvin is a Professor of Finance at Butler University's Lacy School of Business

Present	Professor of Finance, Butler University ‐ Department of Economics, Business Law & Finance
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Business and Corporate Finance

Corporate Finance and Investments

Daniel R. Reedy Quality Achievement Award
Excellence in Graduate Study
Financial Executives Institute Award for Excellence in Education
University of Kentucky Multi-Year Fellowship

College of Business

317/940-8414
Holcomb Building - 224

Articles (40)

Article

Cultural Influnces on Risk Tolerance and Portfolio Creation

Journal of Behavioral and Experimental Finance (2016)

Mark K. Pyles, Yongping Li, Shifang Wu and Steven D. Dolvin

We extend existing research that examines the impact of culture on risk tolerance. Using surveys completed by Chinese and American ...

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Article

The Impact of Board Structure on IPO Underpricing

The Journal of Private Equity (2016)

Steven D. Dolvin and Jack E. Kirby

Prior research has examined the impact of board structure on firm performance and found that characteristics such as board size ...

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Article

Curtain Call Executive Services

Journal of Applied Case Research (2015)

Steven D Dolvin

This case would be considered a critical incident, as it focuses on one primary issue – the valuation of a ...

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Article

Can Venture Capitalists Tame the Wolves? An Analysis of Fraudulent ...

Journal of Private Equity (2014)

Steven D Dolvin

A recent hit movie, The Wolf of Wall Street, highlighted the fraudulent activity of the investment bank Stratton Oakmont. Unfortunately, ...

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Article

Seasonal Affective Disorder and IPO Underpricing: Implications for Young Firms

Venture Capital (2014)

Steven D Dolvin and Stephanie A. Fernhaber

A critical event in the life of a firm is when it undergoes an initial public offering (IPO). Drawing on ...

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Article

The Efficacy of Trading Based on Moving Average Indicators

Journal of Wealth Management (2014)

Steven D Dolvin

The debate over market efficiency continues to rage, yet it is difficult to argue with published evidence surrounding the efficacy ...

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Article

An Update on the Performance of Actively Managed ETFs

An Update on the Performance of Actively Managed ETFs (2014)

Steven D Dolvin

Actively managed ETFs are a relatively recent introduction to the investing landscape, and understanding their performance against passive funds is ...

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Article

IPO Underpricing: The Owner’s Perspective

Journal of Economics and Finance Education (2013)

Steven D. Dolvin

Most corporate finance textbooks include a chapter on raising capital, giving particular attention to initial public offerings (IPOs). For IPOs, ...

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Article

The Lost Decade - Bust to Investors or Not?

Bankrate.com (2012)

Steven D. Dolvin

No abstract available.

Link

Article

Herding Behavior in Student Managed Investment Funds

Journal of Economics and Economic Education Research (2012)

Craig B. Caldwell and Steven D. Dolvin

Student Managed Investment Funds (SMIFs) have grown in number; unfortunately, there has been little research on the efficacy of these ...

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Article

Off the Rack Versus Savile Row: The Value of Custom ...

Journal of Financial Planning (2011)

Steven D Dolvin and John Gonas

eparately managed accounts (SMAs) generally carry a higher fee structure than standard mutual funds, but managers tout the ability to ...

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Article

The Influence of Simulation Performance on Student Interest

Journal of Economics and Economic Education Research (2011)

Steven D. Dolvin and Mark K. Pyles

Previous studies examine the potential benefits of using classroom games and simulations, finding that their use generally increases knowledge and ...

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Article

Momentum Trading in Sector ETFs

Journal of Index Investing (2011)

Steven D. Dolvin and Jill Kirby

If markets were efficient, then strategies based on past price behavior would be essentially worthless. However, many traders follow investment ...

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Article

Asset Allocation for Retirement: Simple Heuristics and Target-Date Funds

Journal of Financial Planning (2010)

Steven D Dolvin, William K. Templeton and William Rieber

We examine common asset allocation strategies for retirement investing, considering both static and dynamic approaches, as well as those allocation ...

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Article

Further Examination of Equity Returns and Seasonal Depression

Journal of Financial and Economic Practice Issues (2010)

Steven D. Dolvin, Mark K. Pyles and Qun Wu

Seasonal Affective Disorder (SAD) induces investors to shift resources away from risky investments (such as equity) and towards safer alternatives ...

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Article

S&P ETFs: Arbitrage Opportunities and Market Forecasting

Journal of Index Investing (2010)

Steven D. Dolvin

The article examines the pricing differences between two S&P 500 ETFs (ticker symbols SPY and IVV) and the underlying stock ...

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Article

Analysts Get SAD Too: The Effects of Seasonal Affective Disorder ...

Journal of Behavioral Finance (2009)

Steven D. Dolvin, Mark K. Pyles and Qun Wu

Previous research finds that stock analysts exhibit both optimistic and pessimistic biases in their earnings forecasts, with the net result ...

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Article

Earnings Guidance: How Should Companies Interact with the Market?

BizVoice (2009)

Steven D. Dolvin

Steven Dolvin's contribution to the January/February Edition of BizVoice, magazine of the Indiana Chamber of Commerce.

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Article

REIT IPOs and the Cost of Going Public

The Journal of Real Estate Fincance and Economics (2009)

Steven D. Dolvin and Mark Pyles

We examine Initial Public Offerings (IPOs) of Real Estate Investment Trusts (REITs) that went public between 1986 and 2004. Consistent ...

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Article

Ringing the Bell: Does it Matter and Why?

Global Business & Finance Review (2009)

Steven D. Dolvin, Hinh Khieu and Mark Pyles

We explore the ongoing debate between market efficiency and behavioral finance by examining the market’ s reaction to what most ...

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Article

Ringing the Bell: Does it Matter and Why?

Global Business & Finance Review (2009)

Steven D. Dolvin, Hinh Khieu and Mark Pyles

We explore the ongoing debate between market efficiency and behavioral finance by examining the market’ s reaction to what most ...

Link

Article

Daily Stock Returns: Momentum, Reversal, or Both

Financial Decisions (2009)

Steven D. Dolvin and Mark K. Pyles

Much attention has been given to the momentum and reversal of individual security returns; however, relatively little research has focused ...

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Article

Information Asymmetry and the Cost of Going Public for Equity ...

Quarterly Journal of Finance and Accounting (2008)

Steven D. Dolvin, Karen M. Hogan and Gerad T. Olson

We examine the relationship between asymmetric information and the cost of going public for equity carve-outs (ECOs) as compared to ...

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Article

Market Efficiency at the Derby: A Real Horse Race

Journal of Applied Economics and Policy (2008)

Steven D. Dolvin and Mark K. Pyles

Using race data from each Kentucky Derby from 1920 to 2005, we examine whether the horse wagering market is efficient. ...

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Article

The Influence of University Financial Education on Asset Allocation

Journal of Economics and Finance Education (2008)

Steven D. Dolvin, John S. Gonas and Mark K. Pyles

Using survey data from students at three universities, we examine the influence of an Investments Analysis course on student perception ...

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About Steven D. Dolvin

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Articles (40)