Areas of Expertise
Investments, Security Analysis and Valuation, Portfolio Management, Value of Information
Florida State University, Ph.D, Finance, 1990
Roosevelt University, MBA, Finance, 1984
Geneva College, BS, Business Administration, 1982
My career spans working in financial analysis, business ownership, and over 25 years of teaching finance. Most of my academic work involves the study of how markets interpret and value information. The types of information I have explored include natural disasters like hurricanes and earthquakes, Homeland Security Threat Level changes, insider trading around FDA announcements, calendar anomalies, and a variety of sports-related efficiency studies involving the NFL, Major League Baseball, English soccer, and baseball cards. My work has been published in over 30 journals including Journal of Derivatives, Financial Review, Journal of Risk Management and Insurance, and Journal of Investing. Some of my research has also been featured on CNBC, CNN and in The Washington Post and several other media.
I designed and direct the Student Management Investment Fund (Osprey Financial Group) which is a special program that enables a select group of students to manage part of the UNF Endowment. The program began in 2002 with a gift of $500,000 from Jody and Layton Smith, and has grown to over $1,000,000. OFG also has a trading room that gives the students access to the same resources that professionals have to do research in managing a portfolio. Eight workstations and various databases - including Bloomberg and Black Diamond's Advent and Blue Sky statistical software - provide students with the marketable skills to obtain high level positions in investment firms after graduation.
Publications & Presentations
Lamb, Reinhold, Oliver Schnusenberg and Shannon Italia, 2015, “Combining Theory and Application: Rethinking Finance Education,” Review of Contemporary Business Research, 4(1), 1-14.
Mendez, Brandon and Reinhold Lamb, 2014, “The Relationships between Expense Ratio and Turnover Rate on the Returns of Actively Managed ETFs,” International Research Journal of Applied Finance, 5(5), 526-534.
Loehr, Ross and Reinhold P. Lamb, 2013, “Long-Term Investing With Leveraged Exchange Traded Funds,” International Journal of Arts and Commerce, 2(4), 27-34.
Coppedge, Wayland T., Reinhold P. Lamb and James E. McCague, 2012, “Beta Boot Camp: Teaching Students to Properly Apply Systematic Risk,” International Journal of Business and Social Sciences, 3(7), 58-65.
Lamb, Reinhold P., 2011, “The Faces of Fear in the Flight to Quality during the Lehman Brothers Failure and the Flash Crash,” International Journal of Humanities and Social Sciences, 1(13), 104-110.
Lamb, Reinhold P., 2011, “Got Beta? A Professional Application of Interpreting Systematic Risk,” Journal of Financial Planning (Between the Issues), May.
Pivovarnik, Tim, Reinhold P. Lamb, Richard A. Zuber and John M. Gandar, 2008, “Competitive Balance and Fan Interest in the National Football League,” Journal of Economics and Economic Education Research, 9(2), 75-98.
Howatt, Ben, Richard A. Zuber, John M. Gandar and Reinhold P. Lamb, 2008, “Dividends, Earnings Volatility and Information,” Applied Financial Economics, 18(1), 1-12.
Mooney, Dennis, Richard A. Zuber, John M. Gandar and Reinhold P. Lamb, 2006, “The Reaction of Stock Returns to Department of Homeland Security Threat Level Changes,” Applied Financial Economics, 16(5), 361-369.
Blose, Laurence E., Todd A. Finkle and Reinhold P. Lamb, 2005, “Insider Trading Around FDA Drug Approvals,” Journal of Private Enterprise, 21(1), 29-45.
Zuber, Richard A., Patrick Yiu, Reinhold P. Lamb and John M. Gandar, “2005, “Investor-Fans? An Examination of the Performance of Publicly Traded English Premier League Teams,” Applied Financial Economics, 15(5), 305-313.
Lamb, Reinhold P., Richard A. Zuber and John M. Gandar, 2004, “Don’t Lose Sleep on It: A Reexamination of the Daylight Savings Time Anomaly,” Applied Financial Economics, 14(6), 443-446.
Lamb, Reinhold P., 2003, Review of Institutional Investors by E. Philip Davis and Benn Steil, International Review of Economics and Finance, 12(1), 145-147.
Blankley, Alan, Reinhold P. Lamb and Richard Schroeder, 2002, "The Disclosure of Information on Market Risk: Evidence from the Dow 30," Managerial Auditing Journal, 17(8), 438-451.
Finkle, Todd A. and Reinhold P. Lamb, 2002, “A Comparative Analysis of the Performance of Emerging and Non-emerging Industry Initial Public Offerings,” New England Journal of Entrepreneurship, 5(1), 27-38.
Connors, David N., Matthew L. Jackman, Reinhold P. Lamb and Sidney B. Rosenberg, 2002, “Calendar Anomalies in the Stock Returns of Real Estate Investment Trusts,” Briefings in Real Estate Finance, 2(1), 61-71.
Lamb, Reinhold P. and Katheryn Northington, 2001, "The Root of Reported Betas," Journal of Investing, 10(3), 50-53.
Zuber, Richard A., John M. Gandar and Reinhold P. Lamb, 2001, "The Home Field Advantage Revisited: A Search for the Bias in Other Sports Betting Markets," Journal of Economics and Business, 53(4), 439-453.
Blankley, Alan, Reinhold Lamb and Richard Schroeder, 2000, "Compliance with SEC Disclosure Requirements about Market Risk," Journal of Derivatives, 7(3), 39-50.
Gilkeson, James H. and Reinhold P. Lamb, 2000, "From Beanie Babies to Baseball Cards: A Financial Application of Collectibles Markets," Journal of Financial Education, 26(Spring), 14-21.
Dole, Carol A. and Reinhold P. Lamb, 1999, "The Performance of Socially Responsible Mutual Funds Based on Rank Persistence and the Degree of Social Screening," Academy of Accounting and Financial Studies Journal, 3(2), 162-171.
Khouja, Moutaz, and Reinhold P. Lamb, 1999, “An Optimal Schedule for Dollar Cost Averaging Under Different Transaction Costs,” International Transactions in Operational Research, 6(2), 245-261.
Lamb, Reinhold P., 1998, “An Examination of Market Efficiency around Hurricanes,” The Financial Review, 33(1), 163-172.
Ang, James S., and Reinhold P. Lamb, 1997, “A Study of Large Institutional Investor Trading Behavior Around Leveraged Buyouts,” Review of Quantitative Finance and Accounting, 8(3), 271-289.
Kennedy, William F., and Reinhold P. Lamb, 1997, “Insurer Stock Prices and Market Efficiency around the Los Angeles Earthquake,” Journal of Insurance Issues, 20(1), 10-24.
Lamb, Reinhold P., K.C. Ma, R. Daniel Pace, and William F. Kennedy, 1997, “The Congressional Calendar and Stock Market Performance,” Financial Services Review, 6(1), 19-25. [Featured in International Herald Tribune, The Washington Post, The Charlotte Observer, The London Evening Standard, CNBC, and CNN]
Lamb, Reinhold P., 1997, Review of Corporate Finance: A Valuation Approach by Simon Z. Benninga and Oded H. Sarig, Journal of Financial Education, 23, 120-121.
Ang, James S., and Reinhold P. Lamb, 1995, “Organizational Form and Investment Horizons: Evidence from the Trading Records of Life Insurance Company Equity Portfolios,” Advances in Financial Economics, 1, 99-121.
Lamb, Reinhold P., 1995, “An Exposure-Based Analysis of Property & Casualty Insurer Stock Values Around Hurricane Andrew,” Journal of Risk and Insurance, 62(1), 111-123.
Lamb, Reinhold P., and A. Qayyum Khan, 1995, “The Association between U.S. and Canadian Prime Rate Changes,” American Journal of Business, 10(1), 31-40. (formerly Mid-American Journal of Business)
Cassidy, Steven M., and Reinhold P. Lamb, 1994, “Portfolio Theory and the Selection of Insurance Companies by Independent Agents,” CPCU Journal, 47(1), 44-48.
Lamb, Reinhold P., and John E. Speltz, 1993, “The Informational Value of Bond Rating Changes in Revising Dividend Expectations,” Midwestern Journal of Business and Economics, 7(3), 47-63.
Lamb, Reinhold P., and R. Daniel Pace, 1993, “A Note on Using the Wall Street Journal and Other Business Periodicals in the Classroom,” Financial Practice and Education, 3(2), 107-108.