Geoffrey Smith
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Phone: 480-965-8623
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BAC 525 TEMPE, AZ 85287
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Mail code: 3906Campus: Tempe
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Geoffrey Smith was born in Methuen, Massachusetts, the only city in the world named for Paul Methuen, and also the birthplace of Nobel Prize winner Elias James Corey, and of Major Robert Rogers, commander of the famous Rogers' Rangers, whose 28 "Rules of Ranging," written in 1757, are still used by the U.S. Army Ranger School. He earned his high school diploma from Brooks School in 1986, where he was a two-time varsity letterman in ice hockey, his bachelor's from Bradley University in 1989, his master's from DePaul University in 1992, and his doctorate from the University of Georgia in 2006.
From 1990 to 2001, he worked in corporate finance at Newark Electronics, in commercial lending at First NH Bank (n/k/a Citizens Bank), and in municipal finance at New Hampshire Housing Finance Authority. During this time, Professor Smith would also teach night classes in economics and finance at New Hampshire College (n/k/a SNHU). He has also held faculty positions at the University of Illinois at Urbana-Champaign and Tulane University. His research is published in Critical Finance Review, Finance Research Letters, Financial Accountability & Management, Financial Review, Journal of Empirical Finance, Journal of Wealth Management, and Review of Quantitative Finance and Accounting.
- B.S. Bradley University 1989
- M.B.A. DePaul University 1992
- Ph.D. University of Georgia 2006
Journal publications
Critical Finance Review, Forthcoming
"Why do firms with no leverage still have leverage and volatility feedback effects?"
Journal of Empirical Finance 78 (2024)
"A new look at expected stock returns and volatility" with Russell P. Robins
Critical Finance Review 12(1–4) (2023)
"Predicting the debt-equity decision"
Finance Research Letters 48 (2022)
"Selection bias and pseudo discoveries on the constancy of stock return anomalies" with Russell P. Robins
Review of Quantitative Finance and Accounting 55(4) (2020)
"On structural changes in the holiday effect" with Russell P. Robins
Journal of Wealth Management 21(4) (2019)
"On unmodeled breaks in the turn of the year, turn of the month, and January effects" with Russell P. Robins
Financial Review 52(4) (2017)
"No more weekend effect" with Russell P. Robins
Critical Finance Review 5(2) (2016)
"Weekday variation in the leverage effect: A puzzle"
Finance Research Letters 17 (2016)
"New evidence on sources of leverage effects in individual stocks"
Financial Review 50(3) (2015)
"Google Internet search activity and volatility prediction in the market for foreign currency"
Finance Research Letters 9(2) (2012)
"Capital structure determinants for tax-exempt organisations: Evidence from the UK"
Financial Accountability & Management 28(2) (2012)
"What are the capital structure determinants for tax-exempt organizations?"
Financial Review 45(3) (2010)
Other publications
"Selection bias and causal inference on the constancy of stock return anomalies"
EBSCO Pathways to Research in Business and Economics
Courses
2025 Fall
| Course Number | Course Title |
|---|---|
| FIN 421 | Security Analys Portfolio Mgmt |
| FIN 300 | Fundamentals of Finance |
| FIN 421 | Security Analys Portfolio Mgmt |
2025 Spring
| Course Number | Course Title |
|---|---|
| FIN 421 | Security Analys Portfolio Mgmt |
| FIN 421 | Security Analys Portfolio Mgmt |
| FIN 456 | International Financial Mgmt |
2024 Fall
| Course Number | Course Title |
|---|---|
| FIN 361 | Advanced Managerial Finance |
| FIN 300 | Fundamentals of Finance |
| FIN 361 | Advanced Managerial Finance |
| FIN 456 | International Financial Mgmt |
2024 Spring
| Course Number | Course Title |
|---|---|
| FIN 302 | Managerial Finance |
| FIN 456 | International Financial Mgmt |
| FIN 302 | Managerial Finance |
2023 Fall
| Course Number | Course Title |
|---|---|
| FIN 456 | International Financial Mgmt |
| FIN 560 | International Finance |
| FIN 302 | Managerial Finance |
2023 Spring
| Course Number | Course Title |
|---|---|
| FIN 456 | International Financial Mgmt |
| FIN 501 | Basics of Managerial Finance |
| FIN 361 | Advanced Managerial Finance |
2022 Fall
| Course Number | Course Title |
|---|---|
| FIN 456 | International Financial Mgmt |
| FIN 361 | Advanced Managerial Finance |
| FIN 456 | International Financial Mgmt |
2022 Spring
| Course Number | Course Title |
|---|---|
| FIN 456 | International Financial Mgmt |
| FIN 501 | Basics of Managerial Finance |
2021 Fall
| Course Number | Course Title |
|---|---|
| FIN 421 | Security Analys Portfolio Mgmt |
| FIN 456 | International Financial Mgmt |
| FIN 456 | International Financial Mgmt |
| FIN 560 | International Finance |
| FIN 560 | International Finance |
2021 Spring
| Course Number | Course Title |
|---|---|
| FIN 456 | International Financial Mgmt |
| FIN 302 | Managerial Finance |
| CIS 591 | Seminar |
2020 Fall
| Course Number | Course Title |
|---|---|
| FIN 300 | Fundamentals of Finance |
| FIN 456 | International Financial Mgmt |
| FIN 300 | Fundamentals of Finance |
| FIN 456 | International Financial Mgmt |
List of teachers ranked as excellent by their students, University of Illinois at Urbana-Champaign
Television, radio, and print appearances
"'Big league' or big illusion? Study calls time on splashy stock market anomalies"
"Academic by day, comic by night"
"Banks cracking down on suspicious activity"
"U.S. credit rating downgraded: What this means for Arizonans"
"A credit rating drop for America"
"Banks, consumers being tested in the wake of Silicon Valley Bank's collapse"
"Ask the experts: How does a secured credit card with no annual fee make the issuer money?"
"Posts misrepresent satirical article about Disney stock price"
"With a turbulent Dow, what should you do with your 401(k) retirement account?"
"Ask the experts: Best business credit card practices"
"Is there a future for cryptocurrency?"
"What does the current stock market environment mean for investors?"
"Pros and cons of investing using the Robinhood app"
"Live interview on GameStop stock rally and short selling"
"Coronavirus pandemic causes a coin shortage"
"Are we headed for another recession?"
"Live interview on Bitcoin and cryptocurrency"
FOX10 Phoenix Newsmaker Sunday
"Live interview on economics and the US Presidential race"
FOX10 Phoenix Arizona Morning Sunday at 6:00am
"What Is the potential economic impact of Bitcoin?"
"Columnist proposes putting business leaders on Fed Board of Governors"
"How bonds can calm anxious investors"
"Bitcoin beats gold again"
"All those earnings beats: Legit, rigged or stretched?"
"Are stock market anomalies merited? The 'Monday effect' debunked'"
"Bitcoin digital currency is starting to appear in New Orleans small businesses"
"ASU research helps debunk myth of stock market 'weekend effect'"
ASU Now: Access, Excellence, Impact
"Can technology predict whether a company should take on debt or not?"
"Decoding the mystery of stock return anomalies"
"Don't bet on holiday effect to boost market returns"
"Cryptocurrency: The future of money?"
Conference presentations
Financial Management Association
Midwest Finance Association
Southern Finance Association
Western Finance Association
Referee
Financial Review
International Review of Economics and Finance
Journal of Banking and Finance
Journal of Commodity Markets
Journal of Corporate Finance
Journal of Financial Markets
Journal of Multinational Financial Management
Textbook reviews
Financial Markets and Institutions 8e by Jeff Madura
International Financial Management 8e by Cheol Eun and Bruce Resnick
Principles of Corporate Finance 9e by Richard A. Brealey, Stewart C. Myers, and Franklin Allen
Principles of Finance by Sheridan Titman, John D. Martin, and Art Keown
Other activities
Faculty Advisor, Sun Devil Stock Exchange Club, Arizona State University
Honors Faculty, Barrett, the Honors College, Arizona State University
Judge, ACG Cup MBA Case Study Competition, Tulane University
Director of the Finance Academy, University of Illinois at Urbana-Champaign