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Geoffrey C. Friesen Photo

Geoffrey C. Friesen

Associate Professor of Finance
Finance
HLH 425
P.O. Box 880490
Lincoln, NE 68588-0490
402-472-0851
gfriesen2@unl.edu
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Geoffrey C. Friesen Photo
Education
Ph.D. University of Iowa (2003)
B.S. University of Nebraska-Lincoln (1995)
Areas of Expertise
  • Behavioral Finance, Mutual Fund Performance, Business Ethics and the Application of Catholic Social Teaching to Economics and Finance
Research Interests
  • Investments
  • behavioral finance
  • mutual fund performance
  • microfinance
  • business ethics and the application of Catholic Social Teaching to economics and finance.
Appointments
  • Assistant Professor 2005-2011
  • Associate Professor 2011-present
Vita
Friesen Curriculum Vanitatis

My research interests include behavioral finance, investments and business ethics.  My early research focused on the role of human cognition in decision making, measuring how actual decisions depart from "rational" behavior.  More recently my research has examined the philosophical assumptions and human anthropology embedded in our definitions of "rational financial behavior", and whether those assumptions are consistent with the Christian understanding of the human person.  Some of my most recent work focuses on the role of financial models in forming our worldviews, which affect our actual decisions, which in turn help create our future social reality.  

Some Recent Publications:

 

Some Older Noteworthy Publications:

Current Working Papers
  • Mutual Fund Investor Learning and the Cost of Seeking Alpha (2019), with V. Nguyen
  • Finance and the Human Person (2020)
  • The History and Intellectual Foundations of Shareholder-centered Thinking in Finance (2020)
  • Finance, Human Flourishing and the Logic of Stakeholder Engagement (2020)
  • Distributive Justice, Inequality and the Paradox of Firm Value (2020)
Recent Selected Presentations
  • Mutual Fund Investor Learning and the Cost of Seeking Alpha
    • Financial Management Association (2020, scheduled), Midwest Finance Association (2019), FMA Asia/Pacific (2019*), VICIF (2019*)
  • Finance and the Human Person
    • Catholic University of America (2019), Notre Dame Kellogg Institute for International Studies (2020), University of Nebraksa-Lincoln (2020), Creighton University (2020), Future of Work Conference (2020, scheduled)
  • Finance, Human Flourishing and the Logic of Stakeholder Engagement
    • Society for Business Ethics Annual Meeting (2020)

* presented by co-author

Past Publications
  • “The Effect of Unsuccessful Past Repurchases on Future Repurchasing Decisions”, 2021 with P. Jeutang and E. Unlu, forthcoming Management Science.
  • “Human Flourishing and the Subjective Dimension of Work”, 2021, forthcoming, Faith & Economics.
  • “Human Flourishing and the Self-limiting Assumptions of Modern Finance”, 2021, forthcoming, Journal of Business and Professional Ethics.
  • Payne, B., J. Tresl and G. Friesen, 2018, “Sentiment and Stock Returns: Anticipating Major Sports Events”, Journal of Sports Economics, 19 (6).
  • Feng, Shu, Yi Zhang (former PhD Student) and Geoffrey Friesen, 2015, “The relationship between the option-implied volatility smile, stock returns and heterogeneous beliefs”, International Review of Financial Analysis, 41, 62-73.
  • Dunham, Lee (former PhD Student) and Geoffrey Friesen, 2012, “Building a Better Mousetrap: Enhanced Dollar Cost Averaging,” The Journal of Wealth Management, 15(1), 41-50.
  • Friesen, Geoffrey, Yi Zhang (UNL PhD Student) and Tom Zorn, 2012, “Heterogeneous Beliefs and Risk-Neutral Skewness,” Journal of Financial and Quantitative Analysis, 47 (4), 851-872.
  • Friesen, Geoffrey and Chris Swift (UNL PhD Student), 2009, “Investor Behavior in the Thrift IPO Aftermarket,” Journal of Banking and Finance, 33(7), 1285-1298.
  • Friesen, Geoffrey, Paul Weller and Lee Dunham (UNL PhD Student), 2009, “Price Trends and Patterns in Technical Analysis: A Theoretical and Empirical Examination,” Journal of Banking and Finance, 33 (6), 1089-1100.
  • Farrell, Kathy, Geoffrey Friesen and Phil Hersch, 2008, “How Do Firms Adjust Director Compensation?,” The Journal of Corporate Finance, 14(2), 153-162.
  • Friesen, Geoffrey and Travis Sapp. 2007. “Mutual Fund Flows and Investor Returns: An Empirical Examination of Mutual Fund Investor Timing Ability,” The Journal of Banking and Finance, 31(9), 2796-2816.
  • Friesen, Geoffrey. 2007, “On the Lack of Participating Policy Usage by Stock Insurers,” Journal of Risk and Insurance, 74(1), 225-246.
  • Dunham, Lee (UNL PhD Student) and Geoffrey Friesen, 2007, “An Empirical Examination of Jump Risk in U.S Equity and Bond Markets,” The North American Actuarial Journal, 76-90.
  • Friesen, Geoffrey and Paul Weller, 2006 (lead article). “Quantifying Cognitive Biases in
    Analyst Earnings Forecasts,” Journal of Financial Markets, 9(4), 333-365.
Teaching Awards

UNL MBA Distance Teaching Award Recipient 2015-16

UNL MBA Distance Teaching Award Recipient 2017-18

Graduate Courses

Managerial Economics (GRBA 812) - Economic analysis applied to business decisions.  Key modules include history of capitalism, economic costs & benefits, marginal analysis, simple & complex pricing, international economics, financial market bubbles, price discrimination strategies, game theory & bargaining, adverse selection and moral hazard.

Advanced Financial Theory (FIN 961) - Introductory PhD seminar focused on foundations of financial theory applied to asset pricing and corporate finance.

Undergraduate Courses

Investments (FIN 363)

Security Analysis (FIN 463)

Options & Futures (FIN 467)

Portfolio Practicum (FIN 468)  

Teaching Interests
  • Investments
  • Advanced Financial Theory
  • Managerial Economics
Other Courses
  • Great Books, Catholic Social Teaching & Economic Thought
  • Business Ethics and The Gospel
Past Institutional Service Includes:
  • Finance PhD Program Director
  • Finance Search Committee chair
  • CoB PhD Committee
  • UNL Graduate Council
  • NU Executive Graduate Council
  • UNL Social and Behavioral Sciences Research Consortium Advisory Board Member