Office: RSB 324
Phone: (804) 287-6399
Fax: (804) 289-8878
Email: tarnold@richmond.edu

Teaching:
Principles of Finance
Corporate Finance
Investments
Derivative Securities
Entrepreneurial Finance

Research:
Market Microstructure
Real Options
Corporate Valuation
Finance Pedagogy

Education:
BA, LaSalle University
MS, Temple University
PhD, University of Georgia

Selected Publications:
Evidence of Informed Trading in Options Markets Preceding Tender Offer Announcements with Gayle R. Erwin, Lance A. Nail, and Terry D. Nixon, International Review of Financial Analysis (Volume 15, 2006); Getting More Out of Two Asset Portfolios with Lance A. Nail and Terry D. Nixon, Journal of Applied Finance (Volume 16, Number 1, 2006); Using GMM to Flatten the Volatility Smile, Research in International Business and Finance (Volume 20, March 2006); The Information Content of Short Interest: A Natural Experiment with Alexander Butler, Timothy Crack, and Yan Zhang, Journal of Business (Volume 78, Number 4, 2005); Using WACC to Value Real Options with Timothy Crack, Financial Analysts Journal (Volume 60, November/December 2004); Impact: What Influences Finance Research? with Alexander Butler, Timothy Crack, and Ayca Altintig, Journal of Business (Volume 76, Number 2, 2003) 

Academic and Professional Activities:
Member of Financial Management Association and CFA Institute

Awards:
Robins School of Business Outstanding Scholarship Award (2006); Outstanding Derivatives Paper Award at Southern Finance Association Meetings (2001); Outstanding Paper Award at Southwestern Finance Association Meetings (2001)

Designations:
Chartered Financial Analyst (CFA)
Associate Editor of Frontiers in Finance and Economics