Leonard Arvi
Education
- Florida International University, PhD, Finance, 2008
- Florida International University, PhD, Finance, 2008
- Florida international University, MS, Finance, 2003
- Asian Institute of Technology, MS, Computer Science, 1998
Areas of Expertise
- Investments
- Real estate
Research Interest
Mostly interested in applied research analyzing volatility in currency markets, practitioner oriented research in real estate redevelopment, sustainable financing and pedagogical issues in teaching finance.
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Teaching Philosophy
I believe that as a teacher should inculcate the habit of lifelong learning in the students, encourage being curious and to think critically. I motivate students to strive harder by setting high expectations and ensure that they are able to express their views freely.
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Selected Publications
Arvi, Leonard and Ervin, Danny M. (2018) Conditional Value-At-Risk and Currency Hedging. vol. 11. no. 1. pp. 1 - 14. Global Economy and Finance Journal.
Web Address
Khazeh, Kashi , Arvi, Leonard and Winder, Robert C. (2014) A Comparison of Value-at-Risk Approaches For Multinational Enterprises. vol. 10. no. 1. pp. 25-38. The International Review of Business Research Papers.
Jha, Anand, Shankar, Siddharth and Arvi, Leonard (2014) Access to bank loans while in bankruptcy: the role of single vs. multiple banking relations. vol. 40. no. 7. pp. 724-733. Managerial Finance.
Web Address
Khazeh, Khashayar, Arvi, Leonard and Hahn, Eugene D. (2016) A Roadmap to Currency Risk Management in Emerged and Emerging Markets: A Value-at-Risk Approach. International Business Research Conference.
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Current Courses
Fall 2019FINA 441 INVESTMENTS I (Fall 2019)Examines the capital market and marketable securities traded in the market, with emphasis on stocks and fixed income securities. Topics include portfolio theory, the efficient market hypothesis and evaluation of portfolio performance. Prerequisite: B or better in FINA 311. Three hours per week.FINA 443 ESSENTIALS OF REAL ESTATE (Fall 2019)Analysis of the structure of real estate markets. Study of principles of mortgage lending, property appraisal and real estate investments. Prerequisite: B or better in FINA 311. Three hours per week.FINA 626 CORPORATE FINANCIAL MGMT (Fall 2019)A review of financial theory and techniques. Topics include capital acquisition, risk analysis, use of the capital asset pricing model, advanced capital budgeting and multinational corporate finance. Ethical concepts are covered where relevant. Prerequisites: Admission to the MBA program; completion of IVY software finance assessment and FINA 311 (or its equivalent) foundation course with a grade of C or better; ACCT 666 and ECON 601. Six hours per week for half a semester.Winter 2020FINA 311 FINANCIAL MANAGEMENT (Winter 2020)Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Major Prerequisites: Admission to the professional program, ECON 211, 212. Non-Major Prerequisites: Junior standing, ACCT 201, MATH 155, ECON 150 or 211. Three hours per week.FINA 317 SECURITIES REGS & LICENSING (Winter 2020)Helps to pass the General Securities Registered Representative Exam (Series 7). Topics currently covered by the Series 7 exam include, but are not limited to, corporate, equity/fixed-income securities, local/state/federal government securities, derivative securities and investment company products. Course is not affiliated with FINRA, the Series 7 exam provider, and does not exempt students from the examination eligibility requirements. Major Prerequisite: Admission to the professional program. Non-Major Prerequisite: Junior standing. Three hours per week.Spring 2020FINA 442 FINANCIAL DERIVATIVES (Spring 2020)Advanced study of security markets and investment alternatives. Topics include options, futures, advanced security analysis, portfolio theory, portfolio management and international dimensions of investing. Prerequisite: FINA 441. Three hours per week.FINA 449 PRACTICUM IN PORTFOL MANAG (Spring 2020)Practical experience in managing an investment portfolio in a teamwork environment, with emphasis on economic, industry and company analysis; report preparation; security selection; daily decision making; record keeping; and performance evaluation. Students will be responsible for making all material decisions in managing the Perdue School Student Management Investment Fund and will interact regularly with external advisors for feedback on their research Completion of this course satisfies the ABLE requirement. May be repeated for an additional three hours credit. Prerequisite: C or better in FINA 441 and permission of instructor. Three hours per week.Summer 2020FINA 311 FINANCIAL MANAGEMENT (Summer 2020)Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Major Prerequisites: Admission to the professional program, ECON 211, 212. Non-Major Prerequisites: Junior standing, ACCT 201, MATH 155, ECON 150 or 211. Three hours per week.Fall 2020FINA 311 FINANCIAL MANAGEMENT (Fall 2020)Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Major Prerequisites: Admission to the professional program, ECON 211, 212. Non-Major Prerequisites: Junior standing, ACCT 201, MATH 155, ECON 150 or 211. Three hours per week.FINA 443 ESSENTIALS OF REAL ESTATE (Fall 2020)Analysis of the structure of real estate markets. Study of principles of mortgage lending, property appraisal and real estate investments. Prerequisite: B or better in FINA 311. Three hours per week.
- Awards/Honors
Faculty Excellence Award for MentoringPresented by USM Board of Regents
Nominated & finalist - Distinguished Faculty AwardPresented by Faculty Senate, Salisbury University
Perdue School of Business Faculty Teaching AwardPresented by Executive Advisory Board
- Professional Memberships
Financial Management Associationwww.fma.org
Established in 1970, the Financial Management Association International (FMA) is a global leader in developing and disseminating knowledge about financial decision making. FMA's mission is to broaden the common interests between academicians and practitioners, provide opportunities for professional interaction between and among academicians, practitioners and students, promote the development and understanding of basic and applied research and of sound financial practices, and to enhance the quality of education in finance.
American Real Estate Societyhttp://www.aresnet.org/
The American Real Estate Society (ARES), founded in 1985, is an association of real estate thought leaders. Members are drawn from academia and the profession at large, both in the United States and internationally. The Society is dedicated to producing and disseminating knowledge related to real estate decision making and the functioning of real estate markets.
The objectives of the American Real Estate Society are to encourage research and promote education in real estate, improve communication and exchange of information in real estate and allied matters among college/university faculty and practicing professionals, and facilitate the association of academic, practicing professional, and research persons in the area of real estate.
Eastern Finance Associationwww.easternfinance.online
The Eastern Finance Association is an interdisciplinary group of academicians, practitioners, government specialists, and others with an interest in finance. The Association holds an annual meeting and an annual subscription to The Financial Review is included with membership.
- Grants and Sponsored Research
Target Case Study Grant, Target Inc
- Presentations
A Roadmap to Currency Risk Management for Multinational Enterprises Operating in Developed & Developing/Emerging Markets: A Value-at-Risk ApproachJuly 2016International Business Research Conference, Toronto, Canada
Corporate Social Responsibility and Syndicated Loan StructureMarch, 9 2017Southwestern Finance Association Annual Meeting 2017, Little Rock, AR
Emerging markets and value-at-risk: Reflection for multi-national enterpriseJuly 2015International Business Research Conference, Toronto, Canada
- Artistic Highlights
- Service Activities and Community Relations
Financial literacy consultant
- ProjectREAD of Wicomico county
Volunteer:
- Junior Achievement of Eastern Shore teaching entrepreneurship, financial literacy to elementary, middle school students
- North Salisbury Elementary PTA events
- St. Francis De Sales Catholic church
- Wicomico Day School and WDS foundation
- YMCA Platypi swim team
Regular blood donor with Delmarva Blood Bank- External Collaboration Highlights
- Worked with Target Inc to solve real world business case with grant money of $3,000 awarded to the student team
-Teamed with the city of Salisbury with revitalization of the downtown through redevelopment of under utilized real estate- Press Releases
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Perdue School Professors Earn USM Regents Awards for Excellence
Wednesday, April 30, 2014 -
SU Hosts Inaugural Research Day and Innovation Showcase
Tuesday, September 10, 2013 -
SU Students Study Cost Effectiveness of Green Buildings
Wednesday, October 21, 2009 -
SU Highlights Efforts During Campus Sustainability Day
Wednesday, October 21, 2009 -
SU Hosts Economic Forum Thursday, November 13
Wednesday, November 05, 2008
- Awards/Honors