KAREN EILERS LAHEY

 

Department of Finance                                                                         

College of Business Administration                                                        

University of Akron                                                                              

Akron, Ohio 44325-480

(330) 972-5436   FAX:   (330) 972-5970

klahey@uakron.edu

 

 

EDUCATION

 

    Ph.D.           Florida State University, Department of Finance, December, 1985.
                        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.         Florida State University, Department of Finance, 1980.
    B.A.             University of Florida, College of Education, 1963.

 

TEACHING EXPERIENCE

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 PlanningCo-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.

 

RECENT PUBLICATIONS

  Published:

            Lahey, K.E. and D. A. Redle.  "The Ohio Experience:  The Effectiveness of
            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 Ohio" Real Estate Educators Association
            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?" University of Toledo Law Review, Volume 21,
            Number 3 (Spring 2000), 347-372.

            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 America – Private Pension Liability
and Proposals for Reform
”, University of Pennsylvania Journal of Labor and
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 Ohio State University.

         Recycling of “Big Box” Space, 1999, Center for Real Estate Education and Research at
Ohio State University.   

  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 Naples, Florida   April 12,
     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
   San Antonio, Texas  October 15, 2002.

Lahey, K.E., D Kim, and M.L. Newman.  “Should I Retire? Factors Affecting the
     Retirement Decision  Midwest Finance Association   St. Louis, Missouri  March 29, 2003.

Lahey, K.E. and K. Timer.  “Supermarket Tenants and Shopping Centers Owned by REITS”
     American Real Estate Society    Monterey, California, April 3, 2003.   Received  outstanding
     REIT paper award.

Lahey, K.E., D. Kim and M.L. Newman.  “What Happens to Me Once I Retire?” Academy
of Financial Services
Denver, Colorado, October 8, 2003.

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    Denver, Colorado   October 9,
2003.

Lahey, K.E., D. Kim, and M.L. Newman.  “Household Income, Asset Allocation and the
Retirement Decision, Academy of Financial Services   Denver, Colorado  October 11,
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
Chicago, Illinois    March 18, 2004.

 

Lahey, K.E., D. Kim, and M.L. Newman.  “Influence of Housing Choices and
Mortgage Financing on the Retirement Decision” Annual American Real Estate Meeting
Captiva Island
, Florida
April 21, 2004.

Lahey, K.E., D. Kim, and M.L. Newman “Can I Retire?  Benchmarks on Which to Base the
Retirement Decision” Academy of Financial Services New Orleans, Louisiana October
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 
New Orleans, Louisiana   October 2004.

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    Milwaukee, Wisconsin March 2005.

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    Columbus, Ohio April 2005.

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    Santa Fe,
New Mexico
April 2005.

Lahey, K.E., Melinda Newman, and Doseong Kim.  “Selection of a Mortgage Financing
Options on
Retirement Choices  American Real Estate Society    Santa Fe, New Mexico
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 United States?European al
Estate Society
 Dublin, Ireland June 2005.

Lahey, K.E., Stuart Michelson, Natalie Chieffe, and Vickie Bajtelsmit.   “Patterns of Faculty
Retirements at Colleges and Universities”   Academy of Financial Services   Chicago,
Illinois
,   October 19, 2005.

Lahey, K.E., Melinda L. Newman, and Doseong Kim.   “Housing Choices and Mortgage
Financing Options for Seniors   Academy of Financial Services    Chicago, Illinois,
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   Key West, Florida   April, 2006.


Lahey, K.E. and Doseong Kim.  “What Happens to the Industrial Property Market When
Industry Leaves?”  Joint Asian Real Estate SocietyAmerican Real Estate and
Urban Economics Association  Vancouver, Canada  June 30-July 3, 2006.


Chieffe, Natalie, K.E. Lahey, and John Dravenstott.  “A Primer on Socially Responsible
Investing  Academy of Financial Service  Salt Lake City, Utah  October 11, 2006.

Lahey, K.E. and Doseong Kim.  “Should I Invest in Industrial Propery REITS?”  Academy
 of Financial Services  Salt Lake City, Utah  October 11, 2006.


Anenson, Leigh T. and K.E. Lahey.  “The Crisis in Corporate America – Private Pension
Liability and Proposals for Reform  Tri-State Academy of Legal Studies  in Business
Cleveland, Ohio  November 11, 2006.

Lahey, K.E. and Doseong Kim.  “Leasing Industrial Property in Northeast Ohio  ERES
Conference 2007
  London, England  June, 2007.  Received Outstanding Paper Award
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  Orlando,
Florida
  October 16, 2007.

 

Lahey, K.E. and J. Juron.  “A Case Study of Property Valuation:  How Albrecht, Incorporated
Valued Vacant Industrial Property For Sale by The Goodyear Tire & Rubber Company”
The American Real Estate Society Annual Meeting  Captiva Island, Florida  April 16-19,
2008.

SERVICE RESPONSIBILITIES

  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 Akron AAUP.

  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:

University of Akron Press Editorial Board, 2000-2003.
Akron AAUP Negotiating Team for First Contract, 2003-2005.

  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 Superior Profitability in Medium-Market Share
      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 Ohio Real Estate Educators Association, 1996-1997.
     Vice-President of Communications, Academy of Financial Services,
             1994-1995.
     Board of Directors, Academy of Financial Services, 1995-2002.
     President, University of Akron chapter of Alpha Sigma Gamma, 1994-Present.
     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, Midwest Finance Association, 2002-2005.

PROFESSIONAL MEMBERSHIPS

     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
     Midwest Finance Association
     National Trust for Historic Preservation

EDITORSHIP

Appointed Editor of Financial Services Review, the official journal of the Academy of Financial
Services, July, 1995-June, 1998.
  Reappointed to a second term, July 1998-June 2001.

COMMUNITY SERVICE

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.

This page currently maintained by Joshua Dean
Send any questions or comments regarding this page to dean4@uakron.edu

Last updated
January 19, 2007