Kenneth M. Eades

Kenneth M. Eades

Professor Emeritus of Business Administration

Office

FOB 193B

Academic Area

Areas of Expertise

Capital Markets, Capital Structure Management, Corporate Finance, Dividend Policy, Defined Benefit Pensions, Investment Banking, Mergers and Acquisitions

Education: B.S., University of Kentucky; Ph.D., Purdue University

Professor of Business Administration Kenneth M. Eades teaches First Year and Second Year courses in the area of corporate finance for the full-time MBA program. He also teaches in the executive MBA program as well as a number of Executive Education programs for practicing managers. Professor Eades has served as the faculty representative on Darden's alumni board and as a member of Darden's board of trustees. He has been head of the Finance area since 1995. In 2014-15 he served as the chair of the Darden Dean Search Committee. Eades joined the Darden faculty in 1988 after holding faculty appointments at Purdue University, University of Michigan and Northwestern University. 

Professor Eades' research focuses on corporate finance issues including cost of capital, mergers and acquisitions, capital investment analysis, defined benefit pensions and pricing of convertible securities. He has published a number of academic articles in the highest ranking academic journals, including The Journal of Finance and Journal of Financial Economics. He has also published practitioner-based studies related to important financial decisions such as the analysis of capital investments and mergers and acquisitions. He is the author of more than 70 Darden cases, three textbooks and several computer tutorials. He has received awards for research and teaching, as well as an award for his case study writing. 

In association with Darden's Institute for Business in Society, Eades has served as the moderator of the Strategic CFO Roundtable since 2008. The Strategic CFO Roundtable is a quarterly, invitation-only convening of leading chief financial officers in the Washington, D.C., metropolitan area to discuss, debate and share best practices on enhancing the strategic role of the CFO. The roundtable participants share their views on the challenges and opportunities facing their companies and discuss the lessons learned from triumphs and trials that led to their becoming recognized as strategic CFOs. After each roundtable event, the Institute publishes "Views from the C-Suite," which is written by Professor Eades and reports a synopsis of the topics discussed and the viewpoints expressed by the CFOs.

 

Selected Articles

"Company Valuation in Mergers and Acquisitions: How is Discounted Cash Flow Applied by Leading Practitioners?" with Todd Brotherson, Robert Harris, and Robert Higgins,Journal of Applied Finance, (2014).

"The Role of Professors in Improving Financial Literacy," co-authored with Jonathan Fox, Arthur Keown and Michael Staten. Journal of Applied Finance, Volume 23, No. 1, 2013, 138-144.

"Best Practices in Estimating the Cost of Capital: Survey and Synthesis," with Todd Brotherson, Robert Harris, and Robert Higgins, Journal of Applied Finance, Volume 23, No. 1, 2013, 17-35.

"The Role of Professors in Improving Financial Literacy: Roundtable Session Highlights from the 2011 FMA Annual Meeting," with Rosella Bannister, Billy J. Hensley, Christine N. Kieffer, and Michael E. Staten, Journal of Applied Finance, Issue 1, 2012.

"A Test of the Relative Pricing Effects of Dividends and Earnings: Evidence from Simultaneous Announcements in Japan," with Robert Conroy and Robert Harris, The Journal of Finance, June 2000, 1199-1227. (Nominated for best corporate finance paper).

 

Selected Books

Case Studies in Finance, 7th Edition with Robert Bruner and Michael Schill, McGraw-Hill/Irwin, New York, 2010. [ YOUTUBEMeet the authors]

The Portable MBA, 5th Edition with Timothy Laseter, Ian Skurnik, Peter Rodriguez, Lynn Isabella, and Paul Simko. John Wiley & Sons, New Jersey, 2010.

Case Studies in Financial Decision Making, 3rd Edition with Diana Harrington, Hinsdale, Ill: Dryden Press, 1994.

 

Computer Tutorial

Finance Interactive, with Robert Bruner and Robert Harris, Graduate Management Admission Council and McGraw Hill/Irwin Publishing, 2001 (Revised 2010 as GMAC product.)

 

Working Papers

"Applying Returns-based Style Analysis to Defined Benefit Pension Funds," co-authored with Joanne Doyle and Brooks Marshall, April 2014.

 

Case Studies

Advancing knowledge through research that shapes business, Darden professors are recognized thought leaders in their fields. They are not only master case method teachers, they also author many of the cases used in Darden classrooms and around the world.

Kenneth M. Eades' cases are available in the Darden Business Publishing website.