KAREN EILERS LAHEY
Department
of Finance
(330)
972-5436 FAX: (330) 972-5970
Ph.D.
Dissertation Title: A
Methodological Comparison of the Long-Term
Impact of Mergers on the Acquiring
Firm. Major Professor:
Dr. Robert L. Conn.
M.B.A.
B.A.
Charles Herberich Professor of Real Estate, Department of Finance, University
of
Akron, Akron, Ohio, August, 1997 to Present.
Responsible for teaching undergraduate courses in, Real
Estate Finance and Personal
Financial Planning. At the masters level, teaching Strategies
in Financial Decision
Making and Personal Financial Planning. Co-Director
of the CFP certification program.
Editor of Financial Services Review, 1995-2001.
Charles Herberich Associate Professor of Real
Estate,
Department of Finance,
University of Akron, Akron, Ohio, September, 1991 to August, 1997.
Responsible for teaching undergraduate courses in Real Estate Principles,
Real Estate Investments, and Real Estate Finance. At the
masters level,
teaching Real Estate as a Special Topic, Managerial Finance, and Personal
Financial Planning as a Special Topic.
Assistant Professor, Department of Finance, Kent State University, Kent, Ohio,
August, 1984 to August, 1991.
Responsible for teaching regular and Honors section of Business
Finance,
and supervision of Doctoral Teaching Assistants for same course.
Teaching Intermediate Finance, Real Estate
Principles, Real Estate
Finance, Corporate Real Estate, and Real Estate Investments
at the
undergraduate level. Teaching Corporate Finance and Real
Estate at the
masters level and an executive MBA Corporate
Finance course. Co-teaching
and design of Doctoral Seminar in Corporate Finance with traditional
discussions of historic and recent articles, and Research Seminar with
faculty and doctoral student presentations. Awarded
tenure, April, 1990.
Teacher of Social Studies, McArthur High School, Broward County Public
Schools,
Ft. Lauderdale, Florida.
Published:
Lahey, K.E. and D. A. Redle.
"The
Mandatory Real
Estate Disclosure Forms" Real Estate Law Journal
(Spring
1997), 319-344.
Finn, M.K., K.E.
Lahey, D.A. Redle, and J.P. Rust. "Impact of Licensing
Requirements
on the Number of Real Estate Agents and Public Complaints:
A Case
Study of the Process in
Journal
(June 1998).
Shedlarz, R.J. and
K.E. Lahey.
"Brownfields - Are They an Ethical
Solution to a Major Urban Pollution Problem?" in Ethics in Real
Estate
Research Issues in Real Estate, Volume 5, Kluwar
Academic Publishing,
(1999), 37-44.
Finn, M.K., K.E. Lahey and D. Redle."Policies Underlying Congressional
Approval of Criminal and Civil Immunity for Interactive Computer Service
Providers Under Provisions of the Communities Decency Act of 1996: Should
e-Buyers Beware?
"
Lahey, K.E. and
J.L. Vihtelic. "A Finance Faculty
Demographics,
Career
History, Diversity, and Job Satisfaction." Financial
Practice
and
Education (Spring/Summer 2000), 111-122.
Lahey, K.E. and
D. Kim. “Longitudinal Changes in Net Worth by Household
Income and
Demographic Characteristics for the First Three Waves of the
HRS”
Financial Services Review (2001), 55-73.
Matejkovic, J.E. and K.E. Lahey.
“Identity Theft: No Help for Consumers”
Financial
Services Review (2001), 221-235.
Lahey, K.E., D. Kim and M.
Newman. “Household Income, Asset Allocation and
the
Retirement Decision” Financial
Services Review (2003), 219-238.
Lahey, K.E., D. Kim, and
M.L. Newman. “Can I Retire?: Benchmarks to Consider in Making the
Retirement Decision,” Journal
of Financial Planning (2004) 62-70.
Lahey, K.E., D. Kim, and
M.L. Newman. “Full
retirement? An examination of
factors
that influence the decision to return
to work”, Financial Services
Review (2006), Lead
article 1-19.
Lahey, K.E., D. Kim, and M.L. Newman. “Housing Choices and Mortgage Finance
Options
for Seniors”, Journal
of Real Estate Portfolio Management (2006), 103-118.
Lahey, K.E., L.T. Anenson. “Public Pension Liability: Why Reform is Necessary to Save
the Retirement of State Employees”,
Accepted at Notre Dame Journal of Law, Ethics &
Public Policy Volume XXI, Issue 1 (2006).
Lahey, K.E., L.T. Anenson. “The Crisis in Corporate
and Proposals for Reform”,
Employment Law (2007), 495-531. Received Outstanding Paper Award by
Tri-State Academy of
Legal Studies in Business at the annual meeting 2006.
Lahey, K.E., S. Michelson, N. Chieffe, V. Bajtelsmit. "Retirement plans for college faculty at public
institutions", Financial Services Review (2008), 323-341.
Chieffe, N; Lahey, K.E.. “Helping Clients select SRI Mutual Funds and Firms,"
Journal
of Financial Planning (2009), 60-70.
Monograph:
An
Analysis of Ohio’s Residential Property Disclosure Form 1997, Center for
Real Estate
Education and Research at
Recycling
of “Big Box” Space, 1999, Center for Real Estate Education and
Research at
Instructor’s Manual:
Lahey,
K.E. Principles and Practices of Real Estate Instructional Manual,
prepared for the
Ohio Real Estate Commission, September 1998.
PROFESSIONAL
MEETING PRESENTATIONS
Recent
Papers Presented:
Lahey, K.E. and K.J. Timer. “Grocery
Stores and Their Impact on Shopping Center
Location and Tenant Decisions” American Real Estate Society
2002.
Lahey, K.E., D. Kim, and M. Newman. “Financial
Preparation and the Retirement Decision:
An Empirical Study of Individuals
Nearing Retirement Age” Academy of Financial
Services
Lahey, K.E., D Kim, and M.L. Newman. “Should I Retire? Factors Affecting the
Retirement Decision”
Lahey, K.E. and K. Timer. “Supermarket Tenants and Shopping
Centers Owned by REITS”
American Real Estate Society
REIT paper award.
Lahey, K.E., D. Kim and M.L.
Newman. “What Happens to Me Once I
Retire?” Academy
of Financial Services
Lahey, K.E., V. Hampton, K. Ioannides,
A Kern. “Model Financial Planning Curriculum:
AFS and CFP Board Joint Project and Outcomes: Registering Curriculum with CFP
Board Helps Students” Academy of
Financial Services
2003.
Lahey, K.E., D. Kim, and
M.L. Newman. “Household Income, Asset
Allocation and the
Retirement Decision, “ Academy of Financial
Services
2003.
Lahey, K.E., D.
Kim, and M.L. Newman. “Financial Planning for Households Who
Are Fully Retired Versus Those Who
Go Back to Work” Midwest
Finance
Association Meeting
Lahey, K.E., D. Kim, and M.L. Newman. “Influence of Housing
Choices and
Mortgage Financing on the Retirement
Decision”
Captiva Island
Lahey, K.E., D. Kim, and M.L. Newman “Can I
Retire? Benchmarks on Which to Base
the
Retirement Decision” Academy of Financial Services
2004.
Lahey, K.E., S. Michelson, N. Chieffe,
and V. Bajtelsmit. “Faculty
Retirement Options
Based on the Provisions of State Teachers Retirement Plans” Academy of Financial
Services
Lahey, K.E., Stuart
Michelson, Natalie Chieffe, and Vickie Bajtelsmit.
“Faculty Retirement
Options
Based on the Provisions of State Teachers Retirement Plans” Midwest
Finance Association
Lahey, K.E., Stuart Michelson,
Natalie Chieffe and Vickie Baijelsmit. “Faculty Retirements
at Public Institutions of Higher Education after the End of Mandatory
Retirement”
American Council on Consumer Interests
Lahey, K.E., Doseong Kim, and Erin Bonta-Lewis. “Investing in REITs and Firms that
Provide Housing
and Services
for Seniors” American Real Estate Society
Lahey, K.E., Melinda Newman,
and Doseong Kim.
“Selection of a Mortgage Financing
Options on Retirement Choices” American Real Estate
Society
April 2005.
Lahey, K.E., Doseong Kim, and Melinda L. Newman. “Is the Decision to Retire Affected
by Housing Choices
and Mortgage Financing Options in the
Estate Society
Lahey, K.E., Stuart
Michelson, Natalie Chieffe, and Vickie Bajtelsmit.
“Patterns of Faculty
Retirements at Colleges and Universities” Academy
of Financial Services
Lahey, K.E., Melinda L.
Newman, and Doseong Kim. “Housing Choices and Mortgage
Financing Options for Seniors” Academy
of Financial Services
October 19, 2005. Received
outstanding paper award.
Lahey, K.E. and Doseong Kim. “The Changing Environment in Developing and Leasing
Industrial Property” American
Real Estate Society
Lahey, K.E. and Doseong Kim. “What
Happens to the Industrial Property Market When
Industry Leaves?” Joint Asian Real Estate Society – American Real Estate and
Urban Economics Association
Chieffe, Natalie,
K.E. Lahey, and John Dravenstott. “A Primer on Socially Responsible
Investing” Academy of Financial Service
Lahey, K.E. and Doseong Kim.
“Should I Invest in Industrial Propery
REITS?” Academy
of Financial Services
Anenson, Leigh T.
and K.E. Lahey. “The Crisis in Corporate
Liability and Proposals for Reform”
Lahey, K.E. and Doseong Kim.
“Leasing Industrial Property in Northeast Ohio” ERES
Conference 2007
by Tri-State Academy of Legal Studies in Business at the annual meeting 2006.
Lahey, K.E. and N. Chieffe.
“Mature Women’s Employment History and Pensions: Did
They Financially Plan for Retirement?”
Academy of Financial Services
Lahey, K.E. and J. Juron. “A
Case Study of Property Valuation: How
Albrecht, Incorporated
Valued Vacant Industrial Property For
The American
2008.
Departmental:
Undergraduate Curriculum Committee, 1999-1992, 1996-1997, 2000-2002.
Research Committee, 1991-Present, Chairperson, 1992-1995, 1996-1997.
Faculty Search Committee, Chairperson, 1996-1998. Responsible
for the
completion of the faculty search for an
Assistant Professor of Finance
with a specialization
in Financial Institutions (Andy Saporoschenko).
Faculty Search Committee for the Moyer Chair, Chairperson, 1998-1999.
Faculty Search Committee for Visiting Instructor, 2001-2002 and Assistant
Professor of Law position.
Faculty Search Committee for Instructor, 2002-2003 and 2004-2005. (Steve
Washington).
Faculty Search Committee Chairperson,
2004-2005. Responsible
for tenure faculty
position Curriculum Review Committee, Chairperson, 1997-1998.
Financial Services Curriculum Development Committee, Chairperson, 1997-1998.
Four-Year Evaluation of Department Head Committee, Chairperson, 2000-2001.
Tenure and Promotion Committee Chairperson, 2005-2006. Responsible for the tenure and
review of four junior faculty
(Leigh Anenson, Doseong
Kim, John Matejkovic, and
Melinda Newman) who received
tenure and promotion as of April, 2006.
Faculty Search Committee, 2006-2007.
Departmental Liaison for
College:
Intellectual Contributions Committee, Chairperson, 1993-1995.
Committee on Strategic Planning and Accreditation Compliance (CSPAC),
1993-1998.
Fitzgerald Institute of Entrepreurship Faculty Fellow
member, Fall, 1997
to Present.
Graduate Curriculum Revision Committee, 1998-2000.
Graduate Admissions Committee, 2001-2003.
Dean’s Search Committee, 2003.
College Tenure and Promotion Committee, 2005-2006.
University:
Dissertation
Committees:
Jim D'Mello's dissertation
committee member.
Title: "An Empirical
Investigation of Stock Selection Models: Some
Evidence on the Validity of the Efficient Market
Hypothesis".
Defended December, 1987.
Gary Powell's dissertation committee member.
Title: "Merger Announcements
and the Efficiency of the Options Market".
Defended January, 1988.
Ann T. Kuzma's dissertation committee
member.
Title: "Correlates of
Products, Product Lines and Strategic Business
Units".
Defended June, 1989.
Arun R. Desai's
dissertation committee member.
Title: "Changes in
Characteristics and Post-Merger Performance of
Acquiring Firms: A Logit
Analysis". Defended April, 1992.
Brigitte L.
Jacobs' dissertation committee member.
Title: "Abnormal Returns
Associated with Employee Ownership of Public
Companies: An Empirical
Investigation". Defended October, 1991.
Professional
Offices Held:
First International President of Alpha Sigma Gamma,
Real Estate Honorary
Fraternity, March, 1994-2005.
President of
Vice-President of Communications, Academy of
Financial Services,
1994-1995.
Board of Directors, Academy of Financial Services,
1995-2002.
President,
Board of Directors, American Real
Estate Society, three-year term,
1996-1998.
Executive Vice President 0f Program, Academy of
Financial Services,
1999-2000.
President-Elect, Academy of Financial Services,
2000-2001.
President, Academy of Financial Services,
2001-2002.
Immediate Past-President, Academy of Financial Services,
2002-2003.
Board of Directors,
AAUP
Academy of Financial Services
Alpha Sigma Gamma (First International President)
American Real Estate Society (Charter Member)
American Real Estate and Urban Economics
Association
Financial Planning Association
National Trust for Historic Preservation
Appointed
Editor of Financial Services Review, the official journal of the
Services, July, 1995-June, 1998. Reappointed to a second
term, July 1998-June 2001.
Albrecht, Incorporated - Board of Directors. Appointed to one of five
seats on the Board of
Albrecht, Incorporated in July, 2001. This firm is a local real estate development and
management company that owns and manages neighborhood and community shopping
centers, and industrial warehouse
space.
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