Raymond M. Brooks | Professor of Finance
Department: Finance
Office: Bx 430
Phone: 541-737-3692
Email: Raymond.Brooks@bus.oregonstate.edu | | Professor Brooks is the Finance Option Coordinator for the College of Business. His research is in the general area of investments with particular interests in the institutional procedures of trading and market microstructure that includes the timing and processing of information and its impact on security prices. |
Vita Table of ContentsProceedings and Conference Presentations
Publications
Education
Employment
Professional Membership/Service
Proceedings and Conference Presentations:
"Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning," Raymond M. Brooks, Presented at the Annual meeting of the Midwest Finance Association, 2003 (St. Louis).
"The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE and AMEX," Raymond M. Brooks and Jonathan Moulton. Presented at the Annual Meeting of the Financial Management Association, 1999 (Orlando) and at the Annual Meeting of the Eastern Finance Association, 2000 (Myrtle Beach)
"When-Issued Shares, Small Traders and the Variance of Returns around Stock Splits," James J. Angel, Raymond M. Brooks, and Prem G. Mathew. Presented at the Annual Meeting of American Finance Association, 1999 (New York) and the Annual Meeting of the Financial Management Association, 1997 (Honolulu).
"The Market's Response to Unanticipated Events," Raymond M. Brooks, Ajay Patel, and Tie Su. Presented at the Annual meeting of the Midwest Finance Association, 2001 (Cleveland), the Annual Meeting of the Financial Management Association, 1999 (Orlando) and at the Annual Meeting of the Southern Finance Association, 1998 (Marco Island).
"A Reexamination of Trading Patterns of Small and Large Trades Around Stock Splits with NYSE Firms," Raymond M. Brooks and Prem G. Mathew. Presented at the Annual Meeting of the Financial Management Association, 1997 (Honolulu).
"Structural Changes in the Telecommunications Industry: The Impact on Shareholders and Customers," Raymond M. Brooks and Richard H. Pettway. Presented at the Annual Meeting of the Financial Management Association, 1997 (Honolulu).
"CEO Presentations to Financial Analysts: Much Ado About Nothing?" Raymond M. Brooks, Marilyn F. Johnson, and Tie Su. Presented at the Annual Meeting of the Midwest Finance Association, 1996 (Chicago).
"The Individual Investor and the Weekend Effect: A Reexamination with Intraday Data," Raymond M. Brooks and Hongshik Kim. Presented at the Annual Meeting of the Financial Management Association, 1995 (New York).
"Large Price Changes and the Long-Lived Market Microstructure Changes," Raymond M. Brooks, Jinwoo Park, and Tie Su. Presented at the Annual Meeting of the Financial Management Association, 1995 (New York).
"An Empirical Investigation of Cost Reduction Strategies for Liquidity Traders," Raymond M. Brooks and Tie Su. Presented at the Annual Meeting of the Financial Management Association, 1994 (St. Louis) and the Annual Meeting of the Midwest Finance Association, 1995 (Cincinnati).
"A Bias In Closing Prices: The Case of the When-Issued Anomaly," Raymond M. Brooks and Shur-Nuaan (Susan)Chiou. Presented at the Annual Meeting of the Midwest Finance Association, 1994 (Chicago).
"Asymmetric Information and Seasoned Security Offerings: An Empirical Examination of Market Microstructure Changes," Raymond M. Brooks and Ajay Patel. Presented at the Annual Meeting of the Financial Management Association, 1993 (Toronto) and the Annual Meeting of the Southern Finance Association, 1993 (New Orleans
"Bid-Ask Spread Components Around Anticipated Announcements," Raymond M. Brooks. Presented at the Annual Meeting of the Midwest Finance Association, 1993 (Indianapolis).
"Changes in Asymmetric Information at Earnings and Dividend Announcements," Raymond M. Brooks. Presented at the Annual Meeting of the Financial Management Association, 1992 (San Francisco).
"Small Sample Properties of Stoll's Spread Component," Raymond Brooks and Jean Masson. Presented at the Annual Meeting of the Financial Management Association, 1992 (San Francisco).
"Dividend Predicting Using Put-Call Parity," Raymond M. Brooks. Presented at the Annual Meeting of the Midwest Finance Association, 1992 (Chicago).
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Publications:
Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning," Raymond M. Brooks and Jimmy Yang, Journal of Economics and Finance Education 6, No. 2, 65-73 (Winter 2007).
"The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE and AMEX," Raymond M. Brooks and Jonathan Moulton. Review of Financial Economics 13, No. 4, 341-356 (Fall 2004).
"When-Issued Shares, Small Trades, and the Variance of Returns Around Stock Splits," James J. Angel, Raymond M. Brooks, and Prem Mathew. Journal of Financial Research 27, No. 3, 415-433 (Fall 2004).
"How the Equity Market Responds to Unanticipated Events," Raymond M. Brooks, Ajay Patel, and Tie Su. Journal of Business 76, No. 1, 109-133 (January 2003).
"The Performance of Firms Before and After They Adopt Accounting-Based Performance Plans," Raymond M. Brooks, Don O. May and Chandra Mishra. Quarterly Review of Economics and Finance 41, No. 2, 205-222 (May 2001).
"Information Conveyed by Seasoned Security Offerings: Evidence from Components of the Bid-Ask Spread" (formerly titled: Seasoned Security Offerings: Why Does the Market React Differently to Debt and Equity Issues?), Raymond M. Brooks and Ajay Patel. Review of Financial Economics 9, No.2, 83-99 (Fall/Winter 2000).
"A Statistical Assessment of Accounting-Based Performance Plans," Raymond M. Brooks and Chandra Mishra. World at Work Journal 9, No. 2 (formerly American Compensation Association Journal), 68-73 (Second Quarter 2000).
"Large Price Movements and Short-Lived Changes in Spreads, Volume, and Selling Pressure," Raymond M. Brooks, Jinwoo Park and Tie Su, Quarterly Review of Economics and Finance 39, No.2, 303-316 (Summer 1999).
"A Simple Cost Reduction Strategy for Liquidity Traders: Trade at the Opening," Raymond M. Brooks and Tie Su, Journal of Financial and Quantitative Analysis, Vol. 32, No. 4, 525-540 (December 1997). Abstracted in the Contemporary Finance Digest 2, No.2, 44-46 (Summer 1998).
"CEO Presentations to Financial Analysts: Much Ado About Nothing?" Raymond M. Brooks, Marilyn Johnson, and Tie Su, Financial Practice and Education, Vol. 7, No. 2, 19-28 (Fall/Winter 1997).
"The Individual Investor and the Weekend Effect: A Reexamination with Intraday Data," Raymond M. Brooks and Hongshik Kim, Quarterly Review of Economics and Finance, Vol. 37, No. 3, 725-737 (Fall 1997).
"Performance of Stoll's Spread Component Estimator: Evidence from Simulations, Time-Series, and Cross-Sectional Data," Raymond M. Brooks and Jean Masson, Journal of Financial Research, Vol. 29, No.4, 459-476 (Winter 1996).
"Changes in Asymmetric Information at Earnings and Dividend Announcements," Raymond M. Brooks, Journal of Business Finance and Accounting, Vol. 23, No. 3, 359-378 (April 1996).
"A Bias in Closing Prices: The Case of the When Issued Anomaly," Raymond M. Brooks and Shur-Nuaan (Susan) Chiou, Journal of Financial and Quantitative Analysis, Vol. 30, No. 3, 441-454 (September 1995).
"Bid-Ask Spread Components Around Anticipated Announcements," Raymond M. Brooks, Journal of Financial Research, Vol. 27, No.3, 375-386 (Fall 1994). Abstracted in The CFA Digest, Vol. 25, No.4, 79 (Winter 1995).
"Dividend Predicting Using Put-Call Parity," Raymond M. Brooks, International Review of Economics and Finance, Vol. 3, No. 4, 373-392 (1994).
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Education:
Ph.D. Washington University, 1991 Finance
M.S.B.A. Washington University, 1990 Finance
M.B.A. Kansas State University, 1978 Business Administration
B.S. Oregon State University, 1973 Business Administration (Accounting Concentration and Math Minor)
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Employment:
Oregon State University, 2005-Present, Professor of Finance
Oregon State University, 1999-2005, Associate Professor of Finance
Oregon State University, 1997-1999, Assistant Professor of Finance
University of Missouri, 1991-1997, Assistant Professor of Finance
Washington University, 1989-1991, Instructor
Southern Illinois, Edwardsville, 1989, Instructor
Shell Oil Company, 1978-1986, Financial Analyst and 1985-1986, Quality Instructor
U.S. Army - Signal Corps, 1973-1977, Captain
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Professional Membership/Service:
Certificate of Management Accounting (#1958), 1980
Chair, Student Chapters Committee, Financial Management Association 1997, 1998, 1999, 2000
Director, Midwest Finance Association, 2000, 2001, 2002, 2003
Member, Program committee Midwest Finance Conference 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001
Track Chair, Midwest Finance Association (Investments) 2000
Member, Program committee Southern Finance Conference 1993, 1994, 1995, 1996
Member, Program committee Southwest Finance Conference 1995, 1996
Referee, Financial Review, 1992
Referee, Review of Financial Economics, 2000, 2001, 2002, 2003
Referee, Quarterly Journal of Business and Economics, 1993, 1996, 1997, 2000
Referee, Financial Practice and Education, 1994, 1995, 1997, 2000, 2001
Referee, Financial Services Review, 1997, 1998, 2001, 2002
Discussant, Midwest Finance Association Conference, 1992, 1993, 1994, 1996, 1997, 1998, 2001, 2003
Discussant, Financial Management Association Conference, 1990, 1992, 1993, 1995, 1996, 1997
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