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Roy Arthur Wiggins

Professor, Finance
Dean of Business and The McCallum Graduate School of Business
Director, Bentley Microcredit Initiative
Ph.D., Georgia State University, 1995
Office: Morison Hall 305A | 781.891._3166 | rwiggins@bentley.edu
                       


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Bio

Professor Wiggins is the Dean of Business, a Professor of Finance and the Director of the Bentley Microcredit Initiative. His teaching and research focuses on corporate governance, ownership and control. He teaches graduate and undergraduate courses in microfinance, corporate and financial strategy, advanced corporate finance topics and equity markets. His research interests include board of director effectiveness and compensation, executive compensation, and corporate expansions such as mergers & acquisitions, joint ventures and reverse takeovers. Wiggins began teaching at Bentley in 1996 as an assistant professor. He was tenured and promoted to associate professor in 2002 and to professor in 2007. Prior to that, he taught at Georgia State University and Kennesaw State University, both in Atlanta, Georgia. He has designed and delivered executive education programs for schools including Bentley University, Georgia State University and Northeastern University; for companies such as Georgia Pacific, LL Bean, Arbella Insurance and Digital Equipment; and for professional/trade associations like the Turnaround Management Association, the Northeast Gas Association and the National Investor Relations Institute. Wiggins holds a Doctor of Philosophy and a Master of Science in Finance from Georgia State University in Atlanta, Georgia. He has a Bachelor of Arts in English, with a concentration in creative writing from Florida State University in Tallahassee, Florida.

Teaching Interests

Microfinance; Corporate & Financial Strategy; Equity Markets

Research Interests

Board of Director Effectiveness; Incentive Compensation; Corporate Governance; International Equity Markets; International M&A and Joint Ventures; Microfinance

Consulting/Practice Interests

Financial Analysis; Value-based Management Systems; Board of Director Effectiveness

Professional Memberships

American Finance Association
Eastern Finance Association
Finanical Management Association International
National Association of Corproate Directors

Awards and Honors

2008, Edward F. Gibbons Research Professor of Finance
2007, Martin Luther King, Jr. Faculty Recognition Award
2006, Journal of Financial Research, Outstanding Article Award for 2006
2004, Edward F. Gibbons Research Professor of Finance

Publications

Journal Articles
Mathur, I., Wiggins, R. A., al Nasser, O. M. (2012). The Performance Implications of Hostile Takeovers of U.S. Financial Services Firms. Journal of Financial and Economic Practice, 12 (3), 58-69.

Arenella, L. S., Davi, W., Veeser, C. R., Wiggins, R. A. (2009). The Best of Both Worlds: Infusing Liberal Learning into a Business Curriculum. Liberal Education, 95 (1). (link)

Huang, P., Ryan, H. E., Wiggins, R. A. (2007). The Influence of Firm- and CEO-specific Characteristics on the Use of Nonlinear Derivative Instruments. Journal of Financial Research, 30 (3), 415-436.

Gleason, K., Mathur, I., Wiggins, R. A. (2006). The Use of Acquisitions and Joint Ventures by U.S. Banks Expanding Abroad. Journal of Financial Research, 29, 503-522.

Gleason, K., Mathur, I., Wiggins, R. A. (2006). The Evidence on Product-market Diversifying Acquisitions and Joint Ventures by U.S. Banks. Journal of Financial Services Research, 29, 237-254.

Arnold, T., North, D., Wiggins, R. A. (2005). Improving Pro Forma Analysis through Better Terminal Value Estimates. Journal of Financial Education, 31, 77-98.

Gleason, K., Rosenthal, L., Wiggins, R. A. (2005). Reverse Takeovers: Backing Into Being Public. Journal of Corporate Finance, 12 (1), 54-79. (link)

Ryan, H., Wiggins, R. A. (2004). Who is in Whose Pocket? Director Compensation, Bargaining Power, and Board Independence Journal of Financial Economics, 73, 497-524.

Gleason, K., Gregory, D., Wiggins, R. A. (2003). Wealth Effects of Early US Acquisitions in the pacific Rim. Journal of Business and Economic Studies, 8, 28-47.

Gleason, K., Mathur, I., Wiggins, R. A. (2003). Evidence of Value Creation in the Financial Services Industries through the Use of Joint Ventures and Strategic Alliances. Financial Review, 38, 213-234.

Ryan, H., Wiggins, R. A. (2002). The Interactions between R&D Investment Decisions and Compensation Policy. Finanical Management, 31, 5-29.

Ryan, H., Wiggins, R. A. (2001). The Influence of Firm- and Manager-specific Characteristics on the Structure of Executive Compensation. Journal of Corporate Finance, 7, 101-123.

Chavez, G. A., Wiggins, R. A., Yolas, M. (2001). The Impact of Membership in the Ethics Officer Association. Journal of Business Ethics, 34, 39-56.

Simon, D. P., Wiggins, R. A. (2001). S&P Futures Returns and Contrary Sentiment Indicators. Journal of Futures Markets.

Ryan, H., Wiggins, R. A. (2000). Differences in the Compensation Structures of the CEO and Other Senior Managers. Journal of Business and Economic Studies, 6, 22-39.

Books
Wiggins, R. A, Gregory, P. C. (2001). The Internet Guide to Finance. Boston, Massachusetts: Addison-Wesley.

Book Chapters
Buono, A. F, Wiggins, R. A. (2010). Acquisitions, Mergers and Takeovers. In Boatright, John (Eds.), Finance Ethics: Critical Issues in Theory and Practice (pp. 531-546). Hoboken, NJ: . John Wiley & Sons

Conference Proceedings and Presentations

Wiggins, R. A. (2013). "Diversity Faculty Recruiting & Retention." Presented at the Commonwealth Compact Higher Education Collaborative's 2013 Diversity Best Practices Conference, Boston MA.

Chavez, G., Silva, A., Wiggins, R. A. (2012). "Governance, Cross-listing and the Information Environment: The Latin American Case." Presented at the FMA International's 2012 FMA Annual Conference, Atlanta, Georgia.

Wiggins, R. A., Everett, D. (2012). "Developing Tomorrow's Curricula: Collaborative Design across Traditional Faculty Boundaries." Presented at the AACSB's 2012 AACSB Deans Conference, New Orleans, LA.

Wiggins, R. A. (2012). "The 'Pre-experience' Master's." Presented at the EFMD's 2012 EFMD Meeting for Deans & Directors General, Nottingham, UK.

Wiggins, R. A., Erhemjamts, O., Minnick, K. L. (2010). "Bridging the Gender Gap: Explaining the Unexplainable." Presented at the Financial Management Association's 2010 FMA Annual Conference, New York, New York.

Wiggins, R. A., Erhemjamts, O., Minnick, K. L. (2010). "Bridging the Gender Gap: Explaining the Unexplainable." Presented at the Financial Management Association's 2010 European FMA Annual Conference, Hamburg, Germany.

Cross, I. R., Berthon, P., Wiggins, R. A. (2008). "Putting the 'Business' Back in B-School Education." Presented at the Academy of Marketing Science, Vancouver, Canada.

Wiggins, R. A., Davi, W. (2005). "Integrating Liberal Learning across the Curriculum." Presented at the AAC&U's 2005 AAC&U Conference, Bethesda, Maryland.

Wiggins, R. A., Cross, I. R. (2005). "Implementing Integration in Field-Based Courses." Presented at the Management Education Alliance's 2005 MEA Faculty Workshop, Waltham, Massachusetts.

Wiggins, R. A., Davi, W. (2005). "Integrating Liberal Learning across the Curriculum." Presented at the Management Education Alliance's 2005 MEA Faculty Workshop, Waltham, Massachusetts.

Wiggins, R. A., Ryan, H., Wang, L. (2005). "Board of Director Monitoring, CEO Tenure and Board Independence." Presented at the Financial Management Association's 2005 FMA Annual Conference, Chicago, Illinois.

Wiggins, R. A., Arnold, T., North, D. (2005). "Imporving Pro-Forma Analysis through Better Terminal Value Estimates." Presented at the Eastern Finance Association's 2005 EFA Annual Conference, Norfolk, Virginia.

Wiggins, R. A., Cross, I. R. (2004). "Implementing Integration in Field-Based Project Courses." Presented at the AACSB's 2004 AACSB Conference, Dallas, Texas.

Wiggins, R. A., Ryan, H. (2004). "Does managerial Power Lead to Less Monitoring by the Board of Directors?" Presented at the Eastern Finance Association's 2004 EFA Annual Conference, Mystic Connecticut.

Wiggins, R. A., Gleason, K., Mathur, I. (2004). "The Evidence of Product-Market Diversifying Acquisitions and Joint Ventures." Presented at the Eastern Finance Association's 2004 EFA Annual Conference, Mystic Connecticut.

Gleason, K., Rosenthal, L., Wiggins, R. A. (2003). "Reverse Takeovers: Backing into Being Public." Presented at the Financial Management Association Annual Meeting, Orland.

Wiggins, R. A., Gleason, K., Rosenthal, L. (2003). "Backing into Being Public: An Exploratory Analysis of Reverse Takeovers." Presented at the Financial Management Association's 2003 FMA Annual Conference, Denver, Colorado.

Wiggins, R. A., Ryan, H. (2003). "Who's in Whose Pocket: Director Compensation, Board Independence and Barriers to Effective Monitoring." Presented at the Eastern Finance Association's 2003 EFA Annual Conference, Orlando, Florida.

Wiggins, R. A., Ryan, H. (2003). "Who's in Whose Pocket: Director Compensation, Board Independence and Barriers to Effective Monitoring." Presented at the National Bureau of Economic Research's 2003 NBER Universities Research Conference on Corporate Governance, Cambridge, Massachusetts.

Wiggins, R. A., Ryan, H., , P. H. (2002). "The Determinants of the Choice of Derivative Financial Instruments: An Empirical Examination of Hedging Practices in U.S. Corporate Firms." Presented at the Eastern Finance Association's 2002 EFA Annual Conference, Baltimore, Maryland.

Gleason, K., Mathur, I., Wiggins, R. A. (2001). A Comparison of Cross-border Acquisitions and Joint Ventures by U.S. Banks. Presented at the Carnegie Bosch Institute's Carnegie Bosch Institute's 5th International Conference, Berlin, Germany.

Wiggins, R. A., Ryan, H., , P. H. (2001). "The Determinants of the Choice of Derivative Financial Instruments: An Empirical Examination of Hedging Practices in U.S. Corporate Firms." Presented at the Financial Management Association's 2001 FMA Annual Conference, Toronto, Canada.

Wiggins, R. A., Gleason, K., Mathur, I. (2001). "The Performance Implications of Hostile Takeovers of US Financial Services Firms." Presented at the Financial Management Association's 2001 FMA Annual Conference, Toronto, Canada.

Wiggins, R. A., Gleason, K., Mathur, I. (2000). "Evidence of Value Creation in Finanical Services Industries through the Use of Joint Ventures and Strategic Alliances." Presented at the Financial Management Association's 2000 FMA Annual Conference, Seattle, Washington.

Wiggins, R. A., Gleason, K., Mathur, I. (2000). "Evidence of Value Creation in Finanical Services Industries through the Use of Joint Ventures and Strategic Alliances." Presented at the Northeast Business & Economics Association's 2000 NBEA Annual Conference, Windsor Locks, Connecticut.

Wiggins, R. A., Kale, J., Ryan, H. (1999). "Firm Risk and the Structure of Incentive Compensation." Presented at the Southern Finance Association's 1999 SFA Annual Conference, Key West, Florida.

Wiggins, R. A., Kale, J., Ryan, H. (1999). "Firm Risk and the Structure of Incentive Compensation." Presented at the Financial Management Association's 1999 FMA Annual Conference, Orlando, Florida.

Wiggins, R. A., Ryan, H. (1999). Managerial Hierarchy and Incentive Compensation. Presented at the Northeast Business & Economics Association's 1999 NBEA Annual Conference, New haven, Connecticut.

Wiggins, R. A., Kale, J., Ryan, H. (1999). "Firm Risk and the Structure of Incentive Compensation." Presented at the Eastern Finance Association's 1999 EFA Annual Conference, Miami, Florida.

Wiggins, R. A., Ryan, H. (1997). The Relation between Investment Horizon and Managerial Compensation. Presented at the Northeast Busness & Economics Association's 1997 NBEA Annual Conference, Philadelphia, Pennsylvania.

Wiggins, R. A., Ryan, H. (1996). The Influence of Managerial Compensation on Capital Structure. Presented at the Northeast Business & Economics Association's 1996 NBEA Annual Conference, Long Island, New York.