KAREN
EILERS LAHEY
Department of Finance
College of Business Administration
University of Akron
Akron, Ohio 44325-4803
(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 Principles, Real
Estate Finance, Life and Health Insurance, and Personal Financial
Planning. At the masters level,
teaching Strategies in Financial Decision Making Managerial Finance, and Personal
Financial Planning. Co-Director of
the CFP certification program, 1998-2010.
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.
Awarded
tenure, April, 1993.
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, 1963-1966.
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. “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
Service 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.L. Newman. “Household
Income, Asset Allocation and the Retirement Decision” Financial Services
Review (2003) 219-238.
Lahey, K.E., D. Kim., and M.L.
Newman. “Should
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. Received outstanding paper award
at the Academy of Financial Services annual meeting, 2005.
Lahey, K.E. and L.T. Anenson. “Public
Pension Liability: Why Reform is Necessary
to Save the Retirement of State Employees”, Notre Dame Journal of Law, Ethics &
Public Policy Volume XXI, Issue
1 (2007), 307-333.
Anenson, L.T. and K.E. Lahey. “The Crisis in
Corporate America – Private Pension Liability and Proposals for Reform”, University
of Pennsylvania Journal of Labor and Employment Law (2007), Vol. 9, No.
3, 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, and
V. Bajtelsmit. “Retirement Plans
for College Faculty at Public Institutions”, Financial Services Review (2008),
323-341.
Chieffe, N. and K. E. Lahey. “Helping Clients
Select SRI Mutual Funds and Firms” Journal
of Financial Planning, (2009),
60-70.
Lahey, K.E. and M. Quist-Newins. “What
Do Financial Services Producers Need for Success in Their Careers?” Journal of Financial Service
Professionals (2010), 40-49.
Lahey, K.E. and M. Quist-Newins,
“Do
Commissions Level the Playing Field for Female Producers
In the Financial Services
Industry?” Financial Services Review (2011), 217-236.
Callahan, Caleb J., C. J. Finefrock, K.E. Lahey, “Reaching
the Summit and Returning Safely in Retirement” Journal of Financial
Service Professionals (2012) 64-74.
Invited Articles:
Lahey,
K.E. “The
Risk of Public Pension Plans” The
Wealth Channel Magazine (Spring,
2011), 64-65.
Lahey,
K.E. “Will
Your Client’s Public Defined Benefit Pension Plan Disappear?” The Wealth Channel Magazine (Fall, 2011), 81-83.
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. Principals
and Practices of Real Estate Instructional Manual, Prepared for the Ohio
Real Estate Commission September 1998.
PROFESSIONAL
MEETING PRESENTATIONS
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.L.
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.
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,
and A. Kern. “Model Financial Planning
Curriculum:
AFS and CFP Board Joint Project and Outcomes: Registering
Curriculum
and 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,” Financial Management
Association 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” 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 Bajtelsmit, “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, 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 Real 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
Mortage
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 20, 2006.
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 Vancouver,
Canada June 30-July 3, 2006.
Chieffe, Natalie, K.E. Lahey, and
John Dravenstott. “A Primer on Socially Responsible Investing”
Academy of
Financial Services Salt Lake City, Utah October 11, 2006.
Lahey, K.E. and Doseong
Kim. “Should I Invest in Industrial Property
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”
European
Real Estate Society (ERES), London,
England, 2007.
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” American
Real Estate Society Captiva Island,
Florida April 16-19, 2008.
Lahey, K.E. and T.L. Anenson. “Chance or
Choice: A Defined Benefit or a Defined
Contribution Plan”
Eastern
Finance Association Washington D.C.,
April 29-May 2, 2009.
Lahey, K.E. and M. Quest-Newins. “Gender
Differences in the Success of Producers in the Financial Services Industry”
Academy of Financial Services Anaheim,
California, October 9-10, 2009. Received outstanding paper
award.
Lahey, K.E. and T. Leigh Anenson. “Real Estate
Asset Allocation and S&P 500 Firms’ Defined Benefit Pension Plans”
AREUEA International Conference Rotterdam,
The Netherlands,
June 17-19, 2010.
Lahey, K.E. and T. Leigh Anenson. “Why Does My
Defined Benefit Public Pension Plan Hold Real Estate and Alternative
Investments in Its Portfolio?”
Academy of
Financial Services Denver, Colorado,
October 9-10, 2010.
Lahey, K.E. and M. Quist-Newins. “What Do
Financial Services Producers Think Takes to Be Successful in Their
Careers?”
Academy of
Financial Services Denver, Colorado, October 9-10, 2010.
Callahan, C.J., C.J. Finefrock, and
K.E. Lahey. “Reaching the Summit and Returning Safely in
Retirement”
Academy of
Financial Services Las Vegas, Nevada,
October 23-24, 2011.
Lahey, K.E.
“What Are the Risks in Retirement for Public Employees Who’s Pension
Plans Do Not Include Contributions to Social Security?”
Academy of
Financial Services Las Vegas, Nevada, October 23-24, 2011.
Invited Presentation:
University of Oklahoma College of
Business. “Defined Benefit Public Pension Plans” Norman,
Oklahoma, March, 2010.
SERVICE
RESPONSIBILITIES
Departmental:
Undergraduate Curriculum Committee, 1991-1992,
1996-1997, 2000-2002
Research Committee, 1991-2005, Chairperson, 1992-1995,
1996-1997
Library Committee, 1991-1992
Four-Year Evaluation of Department Head Committee,
Chairperson, 1993-1994,
Faculty Search Committee, 1995-1996
Faculty Search Committee, Chairperson, 1996-1997. Responsible for four Faculty searches - Assistant Professor of Finance -(none), Assistant Professor of Law (Mary Kay Finn), Frederick Moyer Chair
in Finance (Dan French), and Visiting
Instructor for Spring Semester
Faculty Search Committee, Chairperson, 1997-1998. Responsible for the
completion of the faculty search for an Assistant Professor
of Finance with
specialization in Financial Institutions (Andy
Saporoschenko).
Faculty Search Committee for the Moyer Chair, Chairperson,
1998-1999.
Also a
member of the search committee for the Professor of Law position
(Linda
Samuels)
Faculty Search Committee for Visiting Instructor,
2001-2002 and Assistant
Professor of Law Position.
Faculty Search Committee for Instructor, 2002-2003
Curriculum Review Committee, Chairperson, 1997-1998
Curriculum Review Committee, 2005-2006.
Financial Services Curriculum Development Committee,
Chairperson, 1997-1998
Four-Year Evaluation of Department Head Committee,
Chairperson, 2000-2001
Faulty Search Committee, Chairperson, 2004-2005. Responsible for the completion of the faculty
search for an Assistant Professor of Finance with a specialization in Financial
Institutions (Bradley Stevenson) and Visiting Instructor position (Steve
Washington).
Faculty Tenure and Promotion Committee, Chairperson,
2005-2006. Responsible
for faculty evaluation of four individuals (Leigh Anenson,
Doseong Kim, JohnMatejkovic,
and Melinda Newman) seeking tenure and promotion.
Faculty Search Committee, 2006-2007.
Departmental Liaison for Akron-AAUP,
2005-Present.
Merit Committee, 2006-Present.
Scholarship Committee, 2006-Present.
Four-Year Evaluation of Department Head Committee,
Chairperson, 2010-2011.
Faculty Promotion Committee, Chairperson, 2010-2011.
Faculty Promotion Committee, Chairperson, 2011-2012.
Faculty Search Committee, 2011-2012.
College:
Building Committee, 1992
Research Committee, 1992
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 2008.
Graduate Curriculum Revision Committee, 1998-2000
Graduate Admissions Committee, 2001-2003
Dean’s Search Committee, 2003.
College Tenure and Promotion
Committee, 2006-Present.
University:
University of Akron Press Editorial
Board, 2000-2003.
Akron AAUP Negotiating Team for First Contract,
2003-2005.
Executive Committee of AAUP-Akron, 2007-2008.
Vice-President of AAUP-Akron, 2009-2011.
University Health Benefits Committee, 2008-2010.
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, 1997.
Gary Powell’s dissertation committee member
Title:
“Merger Announcments 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
Brigittee 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, 1994-2006.
Chair Women’s Forum, Financial Management
Association Meeting, St. Louis,
Missouri, October, 1994.
Board of Directors, Ohio Real Estate Educators
Association, 1994-1995.
Vice- President of Ohio Real Estate Educators
Association, 1995-1996.
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,
1995-2003.
President, University of Akron
chapter of Alpha Sigma Gamma, 1994-2006.
Board of Directors, American Real
Estate Society, three-year term, 1996-1998.
Executive Vice President of 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.
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.
Editorial Board of Financial
Services Review, 2007-Present.
Editorial Board of Personal Finance, 2007-Present.
Editorial Board of Journal of Financial Service Professionals,
2009-Present.
Editorial Board of Journal of Financial Planning,
2007-2009.
Ad hoc reviewer for Journal of Financial Planning,
2010-Present.
PROFESSIONAL
MEMBERSHIP
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
COMMUNITY
SERVICES
Albrecht, Incorporated - Board of Directors.
Appointed to one of five seats on the Board of
Albrecht, Incorporated in July, 2001-2008.
This firm is a local real estate development and
management company that owns and manages neighborhood and community shopping
centers and industrial warehouse space.
American
College – Board of Trustees. Appointed to the Board of
Trustees – June, 2008. The
college is a non-profit educational institution that provides distance learning
for
financial
services professionals that work at banks, brokerage firms, insurance
companies, and others since 1928. The
American College owns the CLU®, ChFC®, CASL®,
CLF®, CAP®, REBC®, and RHU® marks. Chair of the Education
Committee, Compensation Committee, and Member of the Executive Committee –
2009-Present.
State Farm
Center for Women and Financial Services
– Advisory Board – June, 2011-Present.
Center is part of the American
College and focuses on improving women’s
role in
the financial services industry.
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Slabaugh
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Last updated
March 8, 2012
