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PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

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446 Germantown Pike #502 Lafayette Hill, PA 19444 (610) 828-4043 PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS Michele D. Gaines, Southern Vice President [email protected] (361) 883-1686 President Vice President - South Vice President - East Vice President-At Large Past President David I. Rosenbaum Michele Angerstein-Gaines Robert W. Baumann Constantine M. Boukidis Kevin Cahill Rosenbaum Economics Economic Consulting College of Holy Cross J.S. Held, LLC ECONorthwest Center on Aging & Work Boston College Vice President –Midwest Vice President –West Vice President-At Large Dwight Steward Stephanie Rizzardi Jerome S. Paige Employstats Rizzardi Economics Associates Jerome S. Paige & Associates Nominating Committee 2021 Members: Michele Angerstein-Gaines [email protected] Nick Briscoe [email protected] Jerome Paige [email protected] Marianne Wanamaker [email protected] The nominating committee was appointed by President David Rosenbaum on April 9, 2021 and met virtually thereafter. Attached please find curricula vitae for the committee’s recommendations for the upcoming election. President Elect: Lane Blume Hudgins, PhD Vice President At Large: Michael O’Hara, JD, PhD Vice President South: Nikanor Volkov, PhD, CVA, MAFF
Transcript
Page 1: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

446 Germantown Pike #502

Lafayette Hill, PA 19444 (610) 828-4043

PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS 

Michele D. Gaines, Southern Vice President [email protected]

(361) 883-1686

President Vice President - South Vice President - East Vice President-At Large Past President David I. Rosenbaum Michele Angerstein-Gaines Robert W. Baumann Constantine M. Boukidis Kevin Cahill Rosenbaum Economics Economic Consulting College of Holy Cross J.S. Held, LLC ECONorthwest Center on Aging & Work Boston College

Vice President –Midwest Vice President –West Vice President-At Large Dwight Steward Stephanie Rizzardi Jerome S. Paige Employstats Rizzardi Economics Associates Jerome S. Paige & Associates

Nominating Committee 2021

Members: Michele Angerstein-Gaines [email protected] Nick Briscoe [email protected] Jerome Paige [email protected] Marianne Wanamaker [email protected]

The nominating committee was appointed by President David Rosenbaum on April 9, 2021 and met virtually thereafter. Attached please find curricula vitae for the committee’s recommendations for the upcoming election. President Elect: Lane Blume Hudgins, PhD Vice President At Large: Michael O’Hara, JD, PhD Vice President South: Nikanor Volkov, PhD, CVA, MAFF

Page 2: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

________________________________________________________________________ Vitae January 29, 2021 Lane Hudgins, PhD Page 1 of 4

Curriculum Vitae

Lane Blume Hudgins, PhD _________________________________________________________________________

Office Address: 1004 Walnut Street Murphysboro, IL 62966 Mailing Address: 1260 West Lake Road Murphysboro, IL 62966

Email: [email protected]

Phone: 618.534.0099

_________________________________________________________________ Education: Ph.D., Economics, Southern Illinois University - Carbondale, 2003

Dissertation: Applications of the Benefit Function to Issues in Optimal Taxation Concentrations: Econometrics and Trade Theory

Bachelor of Arts, Southern Illinois University - Carbondale, 1995 Major: Economics Bachelor of Commerce, University of British Columbia, 1991 Concentration: Finance Professional Experience: Economic Consulting, Lane Hudgins Analysis, 2007-Present Analysis of economic damages for plaintiff and defense primarily in cases of

personal injury, wrongful death, and wrongful termination. Teaching Experience: Instructor, 1998-2001 Southern Illinois University - Carbondale Courses Taught: Public Finance, Labor Economics, Introductory Microeconomics, Introductory Macroeconomics

Page 3: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

________________________________________________________________________ Vitae January 29, 2021 Lane Hudgins, PhD Page 2 of 4

Publications: “Sausage Making at the Bureau of Labor Statistics - or - What Do They Put Into All

Those Compensation and Earnings Measures?”, Journal of Legal Economics, Vol. 19(2), April 2013.

“Pension Benefits as an Evidentiary Collateral Source”, Journal of Legal Economics, Vol.

15(1), August 2008 (with Thomas R. Ireland). “A Pension is a Pension is a Pension”, The Earnings Analyst, Vol.10, 2008 (with Thomas

R. Ireland). “Derivative Properties of Directional Distance Functions”, in Aggregation, Efficiency,

and Measurement: Studies in Productivity and Efficiency, Vol. 5. Edited by Rolf Färe, Shawna Grosskopf, and Daniel Primont, 2007 (with Daniel Primont).

Presentations: “Evidentiary Presumptions and the Calculation of Economic Loss”. (With Gregory

Aubuchon) Presentation for the Missouri Valley Economic Association, October 2019

“The Potential Impacts of Framing & Nudging on the Opinions of Expert Witnesses and

the Perception of Their Testimony”. Presentation for the Association for Integrity and Responsible Leadership in Economics and Associated Professions, October 2018

“Economic projections made by government agencies and their use in forensic

economic analysis – Is what we know sufficient to meet legal and professional requirements”. Presentation for the Association for Integrity and Responsible Leadership in Economics and Associated Professions, October 2017

“Valuing Various Components of a Life Care Plan”. Presentation for the Illinois

Association of Defense Trial Counsel Spring Symposium, March 2016 “An Experiment in Forensic Economics.” (with Rick Gaskins and David Tucek)

Presentation for the American Academy of Economic and Financial Experts Annual Meeting, March 2016

“The Practical Problem of Measuring Personal Maintenance”. Paper presented at the

Southern Economic Association Annual Meeting, November 2015

Page 4: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

________________________________________________________________________ Vitae January 29, 2021 Lane Hudgins, PhD Page 3 of 4

“This is How We Do It: A Panel Discussion”. Panelist for discussion at the Missouri

Valley Economic Association Annual Meeting, October 2015 “Consumer Spending & Business Revenue: A Case Study Involving the Death of a

Salesman”. Presentation for the American Academy of Economic and Financial Experts Annual Meeting, March 2015

“Rebuttable Presumptions and the Calculation of Economic Loss”. Paper presented at

the Missouri Valley Economic Association Annual Meeting, October 2014 “(Valuing) A Life of Leisure”. Paper presented at the Western Economic Association

International Annual Meeting, June 2014 “An Application of Nerlovian Profit Efficiency to Mutual Funds”. (with Corey L. Freije).

Paper presented at the International Applied Business Research Conference, 2000

Professional Activities: Editor, The Forecast – A Newsletter of the National Association of Forensic Economics,

January 2016 – Present

Special Editor, Journal of Legal Economics: Reviews and Cases of Note, a publication of the American Academy of Economic and Financial Experts, March 2008 – October 2019

Statement of Ethical Principles and Principles of Professional Practice (NAFE SEPPPP)

Review Committee Member, National Association of Forensic Economics, 2017 Board Member, American Academy of Economic and Financial Experts,

March 2013 – March 2016 Vice President - Midwest, National Association of Forensic Economics, January 2012 – January 2015

Nominating Committee Member, National Association of Forensic Economics,

2009, 2014, and 2019

Page 5: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

________________________________________________________________________ Vitae January 29, 2021 Lane Hudgins, PhD Page 4 of 4

Discussant, National Association of Forensic Economics Sessions, American Economic Association - Allied Social Sciences Association Annual Meeting, January 2015, 2016, 2018, 2019 and 2021

Discussant, National Association of Forensic Economics Sessions, Western Economic

Association International Meetings, June 2009, 2011 & 2014 Discussant, National Association of Forensic Economics Sessions, Missouri Valley

Economic Association Annual Meeting, October 2014

Professional Affiliations/Memberships: American Academy of Economic and Financial Experts American Economic Association Missouri Valley Economic Association National Association of Business Economics National Association of Forensic Economics

Page 6: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

Two Page Vitae of Michael J. O'Hara, J.D., Ph.D. circa June 2021 Page 1 of 2

Abbreviated Two-Page Vitae for Michael J. O'Hara, J.D., Ph.D. Professor Emeritus (retired Dec. 2018), University of Nebraska at Omaha

1518 South 198 Ave Omaha NE 68130 cell 402_290_9682 Ph.D., Economics Univ. of Nebraska- 1983 Juris Doctor, (Law) Univ. of Nebraska- 1978 Professional Experience (most relevant) 2019 - present Member and officer, Nebraska Board of Dentistry. 2010 - present Member and officer, Board of Directors, Nebraska Economics and

Business Association. www.nebeconandbus.org 2002 - 2021 founding shareholder and officer of three different start-ups focused

on the money transfer field. 2009 - 2019 Member and officer, Board of Optometry. 1981 - 2018 College of Business Administration, University of Nebraska at Omaha.

Instruction and research in the areas of law and economics, ending with a research emphasis on forensic economics. www.cba.unomaha.edu

2012 - 2016 Member, Board of Directors, Association of Regulatory Boards of Optometry. www.ARBO.org

2012 - 2016 Co-Editor, The Earnings Analyst (TEA). TEA is the scholarly journal of the American Rehabilitation Economics Association (www.A-R-E-A.org) and Collegium of Pecuniary Damage Experts (www.CPDE.info).

2011 - 2019 Founding member, officer, Collegium of Pecuniary Damages Experts (CPDE).

2005 - 2007 Editor, Journal of Legal Economics. JLE is the journal of the American Academy of Economic and Financial Experts (www.AAEFE.org).

2002 - 2007 Member and officer, Board of Directors, American Academy of Economic and Financial Experts (AAEFE).

1989 - 1994 Member and officer, Board of Directors, Omaha Public Power District (www.OPPD.com).

1985-1988 Member and officer, Nebraska Power Review Board www.nprb.state.ne.us

Articles and Book Chapters (last ten years; plus another 19 articles) "Nebraska and Punitive Damages: Transaction Costs", (2019) O'Hara Michael J.,

NEBA's Economics and Business Journal, vol.10, pp. 23-33. "Improving Student Performance through Loss Aversion", Smith, B., Shrader, R., White,

D., Wooten, J., Dogbey, J., Nath, S., O'Hara, M.J., Xu, N., & Rosenman, R. (2019). Scholarship of Teaching and Learning in Psychology, 5(4), 278-288.

"Valuation of Naming Rights", chapter 12 in The Principles of Sports Marketing 2018 textbook edited by Gary Bernstein; chapter co-author is Greg Ashley of Bellevue University.

"Learned Hand's False Efficiency", The Earning Analyst (TEA), volume 14, 2014. "Financial Management Fees in Damage Claims", Graham Mitenko and Michael J.

O'Hara, The Earnings Analyst (TEA), volume XII, 2012. "Pecuniary Damage", Michael J. O'Hara, The Earnings Analyst (TEA), volume XI, 2010.

Page 7: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

Two Page Vitae of Michael J. O'Hara, J.D., Ph.D. circa June 2021 Page 2 of 2

Papers Presented (only last 5 listed; plus 34 more papers) "Time Holes in Made Whole", Michael J. O'Hara, Academy of Legal Studies in Business

(ALSB), August 2021, virtual conference due to covid19 pandemic. "Brownfield Creating Leasee", Michael J. O'Hara, Academy of Legal Studies in Business

(ALSB), August 2020, virtual conference due to covid19 pandemic. "Punitive Damages: Transaction Costs the Nebraska Way", Michael J. O'Hara and

Graham Mitenko, Academy of Economics and Finance (AEF), February 2019, St. Petersburg, FL.

"Business Law for STEM Start-Ups", Michael J. O'Hara, Academy of Economics and Finance (AEF), February 2018, Houston, TX.

"KXL: Surprise! Economists Do Not Agree", Michael J. O'Hara, Mountain Plains Business Conference, September 2017, Omaha, NE. Slightly revised for Neb. Econ. and Bus. Assoc. meeting, Oct. 2017, Omaha NE.

Textbook Introduction to Legal and Economic Analysis, self-published textbook third edition

Spring 2005. Editorial Board Membership or Service as a Reviewer:

Journal of Legal Economics, reviewer, 2000 - 2005; then Editor 2005 through 2007.

The Earnings Analyst, reviewer 2016 - present; was Co-Editor 2011 - 2016. Journal of Forensic Economics, reviewer 2021 - present. Academy of Legal Studies in Business

American Business Law Journal, Staff Reviewer, 2006 - present. Annual Meeting Proceedings, Staff Reviewer, 1995 - 2020. Discussant, Distinguished Papers, 1996, 1997, 1999 - 2002, 2004.

Journal of Legal Studies in Business, reviewer, 2001 - 2018. Journal of Business Ethics, reviewer, 2009 - 2018. Midwest Law Journal, reviewer, 2008 - 2018. Journal of Management Issues, reviewer, 1988 - 2002.

Membership in Professional Organizations (only active listed): Primarily Law Related Academy of Legal Studies in Business (ALSB) American Bar Association (ABA) American Association for Justice (AAJ, f.k.a., ATLA) Nebraska Bar Association Primarily Economics Related National Association of Forensic Economics (NAFE) Collegium of Pecuniary Damage Experts (CPDE) American Academy of Economic and Financial Experts (AAEFE) American Economics Association (AEA) National Association of Business Economics (NABE) Missouri Valley Economics Association (MVEA) Nebraska Economics and Business Association (NEBA)

Page 8: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

Updated: April 2021

www.nikvolkov.com

Nik Volkov, Ph.D., CVA, MAFF Stetson Hatcher School of Business

3100 Mercer University Dr. BE-256 www.nikvolkov.com

Atlanta, GA 30341 [email protected]

ACADEMIC EMPLOYMENT

Associate Professor of Finance 2021 – present

Director, MS in Business Analytics Program 2020 – present

Mercer University, Atlanta, GA

Assistant Professor of Finance 2015 – 2021

Mercer University, Atlanta, GA

Visiting Assistant Professor of Finance 2016 (summer)

Florida Atlantic University, Boca Raton, FL

Instructor 2013 – 2015

Florida Atlantic University, Boca Raton, FL

EDUCATION

Ph.D. Finance, Florida Atlantic University 2015

MBA, Millersville University 2007

BA, International Studies, Millersville University 2005

Political Science, Peoples Friendship University, Moscow Russia 1999 – 2001

PROFESSIONAL CERTIFICATIONS

Certified Valuation Analyst (CVA®) by the National Association of Certified Valuators and

Analysts

Master Analyst in Financial Forensics (MAFF®) by the National Association of Certified Valuators

and Analysts

PEER REVIEWED PUBLICATIONS

Agapova, A. and Volkov, N., 2021. Tax-Induced Trading: the Effect of Capital Gain Tax Changes.

The Quarterly Review of Economics and Finance, 79, pp. 245-259.

Timmerman, I. and Volkov, N., 2021. Education, Career Choice, and Financial Planning:

Implications for Financial Planners. Journal of Financial Planning, 34(2), pp. 64-67.

Agapova, A., Madura, J, and Volkov, N., 2020. Information Leakage of ADRs Prior to Company

Issued Guidance, Research in International Business and Finance, 54, 101304.

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Updated: April 2021

www.nikvolkov.com

Timmerman, I. and Volkov, N., 2020. Career and education choice as the central elements of wealth

maximization. Financial Services Review, 28(3) pp. 179-200.

Agapova, A. and Volkov, N., 2019. Guidance on strategic information: investor-management

disagreement and firm intrinsic value. Journal of Banking and Finance, 108, 105632.

Volkov, N.I., 2018. Assessing Economic Damages in Personal Injury and Wrongful Death

Litigation: The State of South Carolina. Journal of Forensic Economics, 27(2), pp 179-191.

Chira, I. and Volkov, N. I., 2017. The Choice of Sale Method and its Consequences in Mergers and

Acquisitions. The Quarterly Review of Economics and Finance, 63, pp. 170-184.

Volkov, N.I. and Yuhn, K.H., 2016. Oil Price Shocks and Exchange Rate Movements. Global

Finance Journal, 31, pp. 18-30.

Volkov, N.I., Chira, I. and Premti, A., 2016. Who is successful on the finance Ph.D. job market?

Journal of Corporate Finance, 37, pp. 109-131.

Volkov, N.I. and Smith, G.C., 2015. Corporate diversification and firm value during economic

downturns. The Quarterly Review of Economics and Finance, 55, pp.160-175.

LAW JOURNAL PUBLICATIONS

Adams, A. F., and Volkov, N., 2020. The effect of COVID-19 on business valuation. The Family

Law Review.

BOOK CHAPTERS

Mutual Funds as an Investment Vehicle for the Middle Class, in The American Middle Class: An

Economic Encyclopedia of Progress and Poverty, 2017, with Anna Agapova, edited by Robert S.

Rycroft

WORKING PAPERS

Bond ETFs and Price Volatility of Underlying Securities, submitted, with Anna Agapova

Estimating present value of future earnings or earning capacity for an undocumented worker, with

Thomas Roney and Brittany Pearce

Corporate Governance, Strategic Information Disclosure, and the Disclosure Bonus, with Anna

Agapova

Student Loans: ROI, Personal Consumption, and Borrowers’ Perception, with Inga Timmerman

Page 10: PROMOTING THE ADVANCEMENT OF FORENSIC ECONOMICS

Updated: April 2021

www.nikvolkov.com

Corporate Diversification and Its Effect on a Valuation Engagement, with Steven Shapiro

Degree of Corporate Diversification and Stock Returns: An Empirical Test, with Garrett Smith

RESEARCH PRESENTATIONS

2020: American Social Science Association (San Diego, CA), Association for Marketing and Health

Care Research (Breckenridge, CO), Academy of Financial Services (Virtual);

2019: American Finance Association (Atlanta, GA), Association for Marketing and Health Care

Research (Jackson, WY);

2018: Association for Marketing and Health Care Research (Telluride, CO), National Association

of Forensic Economics (Vancouver, BC), Financial Management Association (San Diego, CA);

Southern Finance Association (Asheville, NC);

2017: Eastern Finance Association (Jacksonville, FL), Southern Finance Association (Key West,

FL), Academy of Financial Services (Nashville, TN);

2016: Midwestern Finance Association (Atlanta, GA), Eastern Finance Association (Baltimore,

MD); Academy of Financial Services (Las Vegas, NV), Southern Finance Association (Miramar

Beach, FL);

2015: Eastern Finance Association (New Orleans, LA), Financial Management Association

(Orlando, FL);

2014: Midwestern Finance Association (Orlando, FL), Eastern Finance Association (Pittsburgh,

PA), Financial Management Association (Nashville, TN);

2013: Southern Finance Association (Fajardo, Puerto Rico).

TEACHING

Principles of Finance (U), Corporation Finance (G), Investment Analysis (U), Investment analysis

and Portfolio Management (G), Financial Analytics (G), International Economics and Finance (U,

G), Corporate Restructuring via Mergers and Acquisitions (G), Venture Funding (G), Capital

Budgeting (G).

SPECIAL SEMINARS AND TALKS

Case Development Using Economists, Vocational Experts and Life Care Planners 2020

Continuing Legal Education, Florida

How to Prove Damages in Civil Cases – What Experts Want you to Know 2019

State Bar of Georgia, Institute of Continuing Legal Education

Funding Strategies 2016-2019

American Financial Services Association (EDGE Program)

Valuation and Financing 2017

FOM University of Applied Sciences for Economics and Management

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Updated: April 2021

www.nikvolkov.com

AWARDS

Featured Member 2019

The Forecast, a seasonal publication of

The National Association of Forensic Economics

Young Alumni Achievement Award 2019

Millersville University

40 under 40 in the Valuation World 2019

National Association of Certified Valuators and Analysts

Exemplary Faculty Award 2017

Mercer University

ETF Research Academy Grant 2016

Paris-Dauphine House of Finance and Lyxor Asset Management

FMA Doctoral Student Consortium 2014

Financial Management Association International

FAU Presidential Doctoral Fellowship 2011, 2012

Florida Atlantic University

PROFESSIONAL MEMBERSHIP

American Finance Association, Financial Management Association, Eastern Finance Association,

Midwestern Finance Association, Southern Finance Association, Academy of Financial Services,

Southern Economics Association, Western Economic Association, National Association of Forensic

Economics, National Association of Certified Valuators and Analysts.

Member of the Nominating Committee of the National Association of Forensic Economics

REVIEWER/PROGRAM COMMITTEE

Peer-reviewed Journals: Journal of International Money and Finance, International Review of

Economics and Finance, International Economic Journal

Conferences: Eastern Finance Association, Southern Finance Association, Academy of Financial

Services

INDUSTRY EXPERIENCE

Forensic Economist 2018 – present

Thomas Roney, LLC, www.thomasroneyllc.com

Independent assessment of economic damages in personal injury,

wrongful death, employment, and commercial litigation.

Founder/Forensic Economist 2016 – present

Volkov Consulting, LLC, EconLoss, www.econloss.com

Independent assessment of economic damages in personal injury,

wrongful death, employment and commercial litigation.

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www.nikvolkov.com

Associate Economist 2020 – present

Physicians Life Care Planning, www.physicianlcp.com

Independent assessment of economic damages in personal injury

litigation.

Founder 2018 – 2020

PEAP.US, www.peap.us

Personalized Earnings by Age Profiles

An online application that helps individuals make wise (from

a financial standpoint) education and career choices.

Managing Member, CFO 2007 – 2010

Milestone Managers and Providers, LLC, Lancaster, PA, USA

Secondary market for life insurance

Assistant Research Analyst 2005

Franklin Templeton Investments (Emerging Markets), Moscow, Russia

Equity valuation analysis

SERVICE

School Governance Board Member 2018 – present

Budget Committee Chair

Barnwell Elementary School, Johns Creek, GA

Board Member, Finance Committee 2016 – 2017

NVI Algae, LLC, Phoenix, AZ

Principal 2013 – 2016

Green Energy Partners Scholarship and Research Award

Pennsylvania State University – Erie

Director, Treasurer 2011 – 2015

Boca Towers Condominium Association, Boca Raton, FL

Director 2012 – 2014

International Association for Continuing Education

Moscow, Russia

TECHNICAL SKILLS

STATA, SAS, E-VIEWS

SDC, DATASTREAM, WRDS (COMPUSTAT, CRSP, EVENTUS, I/B/E/S, TAQ, TRACE),

EDGAR, BOARDEX.


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