Joe Smolira

Belmont University
School of Business
1900 Belmont Boulevard
Nashville, TN 37212
615.460.6463
joe.smolira@belmont.edu
http://coba.belmont.edu/fac/smoliraj
_________________________________________________________________________

Education
University of Kentucky Finance Ph.D. 1999
Marshall University Business Administration M.B.A. 1993
Wheeling Jesuit University Business Administration B.S. 1988

Areas of Interest
Teaching: Corporate Finance, Investments, Financial Institutions
Research: Mutual Funds, Investments, Corporate Finance

Academic Experience
August 1999 present
Professor of Finance
Courses taught:
Belmont University
Business Finance, graduate and undergraduate
Corporate Finance, graduate
Financial Institutions, undergraduate
Introduction to Investing, graduate and undergraduate
International Financial Markets and Institutions,
graduate and undergraduate
Investment Management, undergraduate and graduate
Mutual Funds, graduate
Advanced Business Finance, undergraduate
Case Studies in Finance, graduate

August 1996 May 1999

Instructor University of Kentucky
Courses taught: Corporate Finance, undergraduate

Refereed Publications
Cannonier, Colin, Dennis Chen, and Joseph C. Smolira, 2016, The effect of a homework grade cap
in an introductory finance class, Journal of Education for Business, Vol. 91, No. 2, 95-100.
Cannonier, Colin, Gregory K. Faulk, and Joseph C. Smolira, 2014, The Impact of the Maturity and
Source of the Risk-free Rate in Equity Estimation under the CAPM, Journal of Law and
Financial Management, Vol. 13, No. 1, 30-37.
Smolira, Joseph C., and Denver H. Travis, 2013, A Note on Long Real Interest Rates and the Real
Term Structure, Financial Decisions, Vol. 25, No. 2, Article 4.
Smolira, Joseph C., and Denver H. Travis, 2011, Applying Options in the Classroom: Selling
Puts and Calls on Grades, Journal of Financial Education, Vol. 37, Spring/Summer, 43-54.
Faulk, Gregory K., Joseph C. Smolira, and Sean Sehyun Yoo, 2010, Integrating Investment and
Foreign Exchange Returns in a Classroom Portfolio, Journal of Financial Education, Vol. 36,
Fall/Winter, 84-97.
 Ervin, Danny M., Gregory K. Faulk, and Joseph C. Smolira, 2009, The Impact of Asset Allocation,
Savings and Retirement Horizons, Savings Rates, and Social Security Solvency in Retirement
Planning: A Monte Carlo Analysis, Financial Services Review, Winter, 18, 313-331.
Smolira, Joseph C, 2008, Student Perceptions of Online Homework in Introductory Finance
Courses, Journal of Education for Business, Vol. 84, No. 2, Nov/Dec. 90-95.
Jordan, Bradford D., Susan D. Jordan, Joseph C. Smolira, and Denver H. Travis, 2008, "Do Long
Interest Rates Ever Fall?, Advances in Financial Planning and Forecasting, Vol. 3, 21-36.
Faulk, Gregory K. and Joseph C. Smolira, 2007, "Implementing a Comprehensive Team Project in
an Introductory Finance Class," Journal of Financial Education, Vol. 33, Fall, 74-87.
Ervin, Danny M. and Joseph C. Smolira, 2005, Shortfall Risk, Asset Allocation, and Overfunding a
Retirement Account, Southern Business and Economic Journal, Vol. 28, No. 1 & 2, 55-73.
Ervin, Danny M., Larry H. Filer, and Joseph C. Smolira, 2005, International Diversification and
Retirement Withdrawals, Mid-American Journal of Business, Vol. 20, No. 1, 55-62.
Jordan, Bradford D., Randy D. Jorgenson, and Joseph C. Smolira, 2003, The Performance of
Mutual Funds that Close to New Investors, The Journal of Investment Consulting, Vol. 6 No. 2,
47-57.
Jordan, Bradford D., Dennis T. Officer and Joseph C. Smolira, 2001, Turnover and Taxable
Distributions in Mutual Funds, The Journal of Investment Consulting, Vol. 2 No. 3, 24-35.

Research Grants
Real Estate Research Institute (RERI), 2006, Proposal: REITS and Diversification in a Retirement
Withdrawal Portfolio, Co-recipient with Danny Ervin.
Investment Management Consultants Association (IMCA), 2002, Proposal: The Performance of
Mutual Funds that Close to New Investors, Co-recipient with Bradford Jordan and Randy
Jorgenson

Working Papers
REITS and Diversification in a Retirement Withdrawal Portfolio with Danny Ervin
Whats the PE on the NYSE? with Jon Fulkerson, Brad Jordan, and Susan Jordan.

Presentations at Professional Meetings

The effect of a homework grade cap in an introductory finance class, with Colin Cannonier and
Dennis Chen, 2015 FEA meeting,
Long Real Interest Rates and the Real Term Structure with Denver Travis, 2012 SFA meeting.
Integrating Investment and Foreign Exchange Returns in a Classroom Portfolio
Simulation with Greg Faulk and Seyhun Yoo, 2009 ABE/FEA meeting.
Saving for and Spending in Retirement: A Monte Carlo Analysis with Danny Ervin and Greg
Faulk, 2007 SFA meeting, 2009 FMA meeting.
"Do Long Interest Rates Ever Fall?" with Brad Jordan, Susan Jordan, and Denver Travis, 2006
FMA meeting, 2006 SFA meeting.
REITS and Diversification in a Retirement Withdrawal Portfolio with Danny Ervin, 2006 FMA
meeting, 2006 SFA meeting.
International Diversification and Retirement Withdrawals, with Danny Ervin and Larry Filer,
2004 FMA meeting, 2004 SFA meeting.
The Performance of Mutual Funds that Close to New Investors, with Bradford Jordan and
Randy Jorgenson, 2004 IMCA Spring Professional Development Conference.
Why Mutual Funds Die, with Danny Ervin and Bradford Jordan, 2002 FMA meeting.
The Performance of Mutual Funds that Close to New Investors, with Bradford Jordan and
Randy Jorgenson, 2002 SFA meeting.
Taxes and Mutual Fund Performance Persistence, 1999 FMA meeting, 2000 SFA meeting
Turnover and Distributions in Mutual Funds, 1999 SFA meeting, 2000 FMA meeting.
 Stock Price Discontinuities and Stock Performance, with Leonard J. Schneck, 1998 FMA
meeting and the 1997 SFA meeting.
Individual Investor Sentiment as a Market Predictor, with Leonard J. Schneck and Larry H. Filer,
1997 SFA meeting.

Textbook Blogs
Responsible for blog maintenance and posts. All blogs accompany the named textbook and are co-
authored with S.A. Ross, R.W. Westerfield, J.F. Jaffe, and B.D. Jordan
Corporate Finance, http://rwjcorporatefinance.blogspot.com, ongoing from 2012-present
Corporate Finance: Core Principles and Applications, http://corecorporatefinance.blogspot.com,
ongoing from 2012-present
Essentials of Corporate Finance, http://essentialsofcorporatefinance.blogspot.com,
ongoing from 2012-present
Fundamentals of Corporate Finance, http://fundamentalsofcorporatefinance.blogspot.com,
ongoing from 2014-present

Textbook Development
Instructors Manual, Essentials of Corporate Finance, 8th ed., McGraw-
Hill/Irwin (2017), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Excel Master for Essentials of Corporate Finance, 8th edition, McGraw-Hill/Irwin (2017), with Brad
Jordan.
Student Solutions Manual, Corporate Finance, 11th ed., McGraw-Hill/Irwin (2016), by S.A. Ross,
R.W. Westerfield, and J.F. Jaffe, with Brad Jordan
Excel Master for Corporate Finance, 11th edition, McGraw-Hill/Irwin (2016), with Brad Jordan.
Instructors Manual, Fundamentals of Corporate Finance, 11th ed., McGraw-
Hill/Irwin (2016), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Excel Master for Fundamentals of Corporate Finance, 11th edition, McGraw-Hill/Irwin (2016),
with Brad Jordan.
Student Solutions Manual, Corporate Finance: Core Principles and Applications, 3rd ed., McGraw-
Hill/Irwin (2015), by S.A. Ross, R.W. Westerfield, J.F. Jaffe, and B.D. Jordan.
Excel Master for Corporate Finance: Core Principles and Applications, 4th edition, McGraw-
Hill/Irwin (2015), with Brad Jordan.
Student Solutions Manual, Corporate Finance, 10th ed., McGraw-Hill/Irwin (2014), by S.A. Ross,
R.W. Westerfield, and J.F. Jaffe, with Brad Jordan
Excel Master for Corporate Finance, 10th edition, McGraw-Hill/Irwin (2014), with Brad Jordan.
Instructors Manual, Fundamentals of Corporate Finance, 10th ed., McGraw-
Hill/Irwin (2012), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Excel Master for Fundamentals of Corporate Finance, 10th edition, McGraw-Hill/Irwin (2011),
with Brad Jordan.
Instructors Manual, Essentials of Corporate Finance, 7th ed., McGraw-
Hill/Irwin (2011), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Excel Master for Essentials of Corporate Finance, 9th edition, McGraw-Hill/Irwin (2011), with Brad
Jordan.
Student Solutions Manual, Corporate Finance: Core Principles and Applications, 3rd ed., McGraw-
Hill/Irwin (2011), by S.A. Ross, R.W. Westerfield, J.F. Jaffe, and B.D. Jordan.
Excel Master for Essentials of Corporate Finance, 3rd edition, McGraw-Hill/Irwin (2011), with Brad
Jordan.
Student Solutions Manual, Corporate Finance, 9th ed., McGraw-Hill/Irwin (2010), by S.A. Ross,
R.W. Westerfield, and J.F. Jaffe.
Excel Master for Fundamentals of Corporate Finance, 9th edition, with Brad Jordan.
 Instructors Manual, Fundamentals of Corporate Finance, with Steve Dolvin, 9th ed., McGraw-
Hill/Irwin (2010), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Student Solutions Manual, Corporate Finance: Core Principles and Applications, 2nd ed., McGraw-
Hill/Irwin (2009), by S.A. Ross, R.W. Westerfield, J.F. Jaffe, and B.D. Jordan.
Instructors Manual, Fundamentals of Investments, with Thomas W. Miller, 5th ed., McGraw-
Hill/Irwin (2009), by B.D. Jordan and T.W. Miller.
Instructors Manual, Essentials of Corporate Finance, with Kent Ragan, 6th ed., McGraw-
Hill/Irwin (2008), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Instructors Manual, Fundamentals of Corporate Finance, with Kent Ragan, 8th ed., McGraw-
Hill/Irwin (2008), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Student Solutions Manual, Corporate Finance, 8th ed., McGraw-Hill/Irwin (2008), by S.A. Ross,
R.W. Westerfield, and J.F. Jaffe.
Instructors Manual, Fundamentals of Investments, with Thomas W. Miller, 4th ed., McGraw-
Hill/Irwin (2007), by B.D. Jordan and T.W. Miller.
Student Solutions Manual, Corporate Finance: Core Principles and Applications, 1st ed., McGraw-
Hill/Irwin (2007), by S.A. Ross, R.W. Westerfield, J.F. Jaffe, and B.D. Jordan.
Instructors Manual, Essentials of Corporate Finance, with Kent Ragan, 5th ed., McGraw-
Hill/Irwin (2007), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Instructors Manual, Fundamentals of Corporate Finance, with Cheri Etling, 7th ed., McGraw-
Hill/Irwin (2006), by S.A. Ross, R.W. Westerfield, and B.D. Jordan.
Test Bank, Fundamentals of Investments, 3rd ed., McGraw-Hill/Irwin (2005), by C.J.
Corrado, and B.D. Jordan
Instructors Manual, Fundamentals of Investments, with Thomas W. Miller, 3rd ed., McGraw-
Hill/Irwin (2005), by C.J. Corrado, and B.D. Jordan
Instructors Manual, Essentials of Corporate Finance, with Cheri Etling, 4th ed., McGraw-
Hill/Irwin (2004), by S.A. Ross, R.W. Westerfield, and B.D. Jordan
Instructors Manual, Fundamentals of Corporate Finance, with Cheri Etling, 6th ed., McGraw-
Hill/Irwin (2003), by S.A. Ross, R.W. Westerfield, and B.D. Jordan
Test Bank, Fundamentals of Investments, 2nd ed., McGraw-Hill/Irwin (2002), by C.J.
Corrado, and B.D. Jordan
Instructors Manual, Essentials of Corporate Finance, with Cheri Etling, 3rd ed., McGraw-
Hill/Irwin (2001), by S.A. Ross, R.W. Westerfield, and B.D. Jordan

Ad hoc Reviews
Financial Services Review, Journal of the Academy of Business Education, Journal of Financial
Education, Journal of Economics and Business, American Journal of Business

NASD Arbitration Cases

Edward H. Martin and Joyce V. Martin v. Wachovia Securities, LLC and Allen Minton,
Arbitration number 04-05414, 04/13/2005.
Ralph M. Snyder II v. Morgan Stanley DW Inc. and Richard P. Wilkinson, Arbitration
number 03-04995, 04/28/2004
David L. Hubbs v. Merrill Lynch Pierce Fenner & Smith Inc., Arbitration number 02-06601,
11/04/2003
Other Professional Activities
CFA Society of Nashville Board of Directors, 2004-2006
Financial Risk Manager Certified by the Global Association of Risk Professionals
1999 SFA Program Committee
Memberships: AFA, FMA, SFA, SWFA, CFA Society of Nashville, GARP
Discussant: FMA (1996, 1999, 2000, 2002, 2006), SFA (1996, 1997, 1999, 2000, 2007)
Session chair: FMA (2002), SFA (1999)
Conducted study seminars for CFA Level I candidates, 2003.