OFFICE ADDRESS:
Bldg. Forty Two, Room 3210
University of North Florida
St. John's Bluff Rd. S.
Jacksonville, FL 32224
Office Phone:(904) 620-2630
E Mail: cfrohlic@unf.edu

OBJECTIVE


Teaching and research at a major university with both graduate and undergraduate programs.
Prefer to teach in the areas of banking and financial markets and/or investments.

EDUCATION
Ph.D., University of Illinois, Champaign, Illinois,
    Finance October, 1988
       Major Fields: Banking and Financial InstitutionsInvestments
       Minor Fields: Economic TheoryQuantitative Methods

Dissertation Title:"An Asymptotic Principal Component Performance Measure for Mutual Funds
             With Emphasis on Fixed-Income Funds Relative to Balanced and Stock Funds"

Dissertation Committee:
                 Professor Chen-few Lee
                 Professor Louis Scott
                  Professor Morgan J. Lynge, Jr.

M.S., University of Illinois, Champaign,Illinois,
     Finance May, 1985.
M.B.A., Illinois State University, Normal, Illinois,
     May, 1982.
B.S.Ed., Northern Illinois University, DeKalb, Illinois,
       Math May, 1973 (cum laude).

EXPERIENCE
University of North Florida, Jacksonville, Florida
Associate Professor of Finance
August, 1992 - present

University of North Florida, Jacksonville, Florida
Assistant Professor of Finance
August, 1987 - 1992

University of North Florida, Jacksonville, Florida
Visiting Assistant Professor of Finance
August, 1986 -1987


University of Illinois, Champaign, Illinois
Teaching Assistant
August, 1982 to June, 1986

The National Bank of Bloomington, Bloomington, Illinois
Trust Administrative Support Officer
March, 1981 to July, 1982

Illinois State University, Normal, Illinois
Research Assistant
August, 1980 to March, 1981

RESEARCH/PUBLICATION
Text:
Financial Management: Instructor and Student Partnership Third Edition, by Cheryl J. Frohlich, Burgess Publishing, Summer 1998.

Financial Management: Instructor and Student Partnership Second Edition, by Cheryl J. Frohlich, Burgess Publishing, Fall 1996.

Financial Management: Instructor and Student Partnership, by Cheryl J. Frohlich, Burgess Publishing, Fall 1995.

Teaching Related:
Foundations of Corporate Finance, Study Guide, by Ronald Moy and Cheryl Frohlich, 1996.

Testbank to Accompany Charles E. Maxwell's Financial Markets and Institutions: The Global View prepared by Cheryl J. Frohlich, A. Sam Ghanty, and Carolin D. Schellhorn, 1994.

Proceedings:

"An Examination of Bank Merger Activity: A Strategic Framework Content Analysis," by 
C. Frohlich and C. Bruce Kavan in 2000 Academy of Accounting and Financial Studies Proceedings.

"The Effect of AECC Recommended Changes on the Performance of Students in the First Accounting Course," by Homer Bates and Cheryl Frohlich in 1999 SE-AAA Proceedings

"Audit Risk and Expense Preferencing Behavior in Failed Banks: An Empirical Study" by C. J. Frohlich and John McEldowney in 1992 SE-AAA Proceedings

Articles in Texts:
"Developing Balanced Information Systems," by A. C. Samli, Bruce Kavan, and Cheryl J. Frohlich in Information-Driven Marketing Decisions: Development of Strategic Information Systems by A. C. Samli, Quorum Publishers, 1996.

"Developing Consumer Friendly Services," by A. C. Samli and Cheryl J. Frohlich in Social Responsibility in Marketing by A. C. Samli, Quorum Publishers, 1992
.

"Unions Last Frontier: The Banking Industry," in Labor Relations Process, 5th edition by Ken Jennings and William A. Holley, Fall 1993.

Articles in Refereed Academic Journals:
“A Multi-Factor Analysis of Country Fund Returns,” by Seth C. Anderson, B. Jay Coleman, Cheryl J. Frohlich, and Jeffrey W. Steagall,  Journal of Financial Research, Forthcoming, 2000  Review Process: Three blind reviewers with 11-20% acceptance rate. 

"Improving Bank Marketing Performance," Cheryl J. Frohlich, Bruce Kavan, and A. Coskun Samli, Journal of Business Strategies Fall 1999.Review Process: Two blind reviewers with 11-20% acceptance rate.

"Developing a Balanced Information System: Establishing Strategic Superiority for Service Organizations," by Bruce Kavan, Cheryl J. Frohlich and A. Coskun Samli, Journal of Service MarketingWinter 1994.Review Process: Four blind reviewers with 11-20% acceptance rate.

"A Universal Performance Measure: An Empirical Investigation," by C. J. Frohlich, Advances in Financial Planning and Forecasting, Vol.5, Fall 1994.

"Consumer Friendly Financial Services: Combining Efficiency and Effectiveness," by Cheryl J. Frohlich and A. Coskun Samli, Journal of Business and Psychology, Winter 1993. Review Process: Three blind reviewers with 11-20% acceptance rate.

"Margin Requirements and the Behavior of Silver Futures Prices," 
by Christopher K. Ma, G. Wenchi Kao, and C. J. Frohlich Journal of Business Finance and Accounting , Vol. 20 No. 1, January, 1993.Review Process: Three blind reviewers with 40 % acceptance rate.

"Service: The Competitive Edge in Banking" by A. Coskun Samli and Cheryl J. Frohlich, Journal of Service Marketing Winter 1992.Review Process: Four blind reviewers with 11-20% acceptance rate.

"Risk Arbitrage in Tender Offers", by William P. Dukes, Cheryl J. Frohlich and K.C. Ma forthcoming in Journal of Portfolio Management Summer 1992.Review Process: Two blind reviewers with 15% acceptance rate.

"A Performance Measure for Mutual Funds Using the Connor and Korajczyk Methodology: An Empirical Investigation" by Cheryl J. Frohlich Review of Quantitative Finance and Accounting Fall 1991.Review Process: Three blind Reviewers with 6-10% acceptance rate.

Articles in Editor-Reviewed Practitioner Journals:
"Loan Securitization Broadens in Scope" by C. J Frohlich-Plummer and J. W. Abraham, Florida Banking, November/December,1988.

"It's Time for Banking Industry to Stress Service" by C. J. Frohlich-Plummer, Jacksonville Business Journal,August 8, 1988.

"How to Assess, Meet Liquidity Needs," by C. J Frohlich-Plummer and J. W. Abraham, Florida Banking, July, 1988.

"Rate Swaps Could Team Banks, Thrifts," by C. J Frohlich-Plummer and J. W. Abraham, Florida Banking, June, 1988.

"Trust Departments More Widespread, Profitable," by C. J. Frohlich-Plummer, Jacksonville Business Journal, June 13, 1988
.

"Trust Services Require Aggressive Marketing," by C. J. Frohlich-Plummerand J. R. Plummer, Florida Banking, May, 1988. (90% by C. J. Frohlich-Plummer)

"Trust Department Require Target Marketing to Stay Step Ahead of Competition," by C. J Frohlich-Plummer, Florida Banking, April, 1988.

"Know the 4 Steps in Trust Marketing," by C. J Frohlich-Plummer, Florida Banking, March, 1988.

"Interest-Rate Futures Can Minimize the Downside Risk," by C. J Frohlich-Plummer and J. W. Abraham, Florida Banking, February, 1988.

"Modern Management a Must in Banking," by C. J. Frohlich-Plummer, Jacksonville Business Journal, February 29, 1988.

"Duration Gap Analysis Is True Measure of Rate Risk," by C. J Frohlich-Plummer and J. W. Abraham, Florida Banking, January, 1988.

Funded Research:
“An Examination of the Underlying Motivation for the Recent Merger and Acquisition Activity in Banking,” by Cheryl Frohlich and Bruce Kavan, Kip Fellow Research Grant—1999-2000
“Impact of Political/Social Responsibility Considerations on the Efficient Market Hypothesis: The Case of Walt Disney and the Casino Gambling in Florida," by Cheryl J. Frohlich, Kenneth M. Jennings  COBA Research Grant, 1997.
"Congruence Between Self-Image and Bank Image." TSI SEED Grant (with A. Coskun Samli), 1993.
"Community and the Bank." TSI SEED Grant (with Steve Paulson), 1993.
"Expense Preferencing Behavior in Failed Banks." TSI SEED Grant, 1989.
Mcknight Fellowship for 1989-1990, 1989.

Manuscripts Under Review:
"Customer Checking: A Neglected Revenue Source," by C. J. Frohlich and A. Coskun Samli, Bank Marketing. Review Process: Four blind reviewers with 40-50% acceptance rate.

"Impact of Political/Social Responsibility Considerations on the Efficient Market Hypothesis: The Case of Walt Disney and the Casino Gambling in Florida," by Cheryl J. Frohlich, Kenneth M. Jennings Review of Quantitative Finance and Accounting Review Process: Three blind reviewers with 6%-10% acceptance rate.

Work in Progress:
"An Investigation into Learning Styles of Successful Accounting Students and Practioners," by Homer Bates, and Cheryl Frohlich

"An Examination of the Underlying Motivation for the Recent Merger and Acquisition Activity in Banking," by Cheryl Frohlich and Bruce Kavan

"Teaching and Research: Assessing the Relationship in the Florida State System", by Cheryl Frohlich, and Homer Bates (30% complete)

"Comparative Performance Measures: An Empirical Investigation,"by C. J. Frohlich, Financial Analyst Journal, Review Process: Three blind reviewers with 40% acceptance rate (90% complete) 

"Promotional Checking for Marketing: A New Communication Medium," by C. J. Frohlich and A. Coskun Samli, Journal Advertising. (Rewrite) Review Process: Five blind reviewers with 40-50% acceptance rate.

"Turnover Ratios and Performance in Stocks Funds: Is There a Relationship?"by C. J. Frohlich, 80% completion, targeted for Journal of Portfolio Management, Review Process: Two-Four blind reviewers with 11%-20% acceptance rate.

"Congruence Between Self-Image and Bank Image Leading to Customer Loyalty", by Cheryl J. Frohlich and A. Coskun Samli,40% completed targeted for Journal of Financial Research, Review Process: Two blind reviewers with 11-20% acceptance

PROFESSIONAL ASSOCIATION PARTICIPATION

Presenter:
2000 American Academy of Accounting and Finance, “ The Finance Faculty Research-Teaching Relationship: Florida Evidence,” by Cheryl Frohlich and Homer Bates.
.

2000 Financial Management Association Meeting, “ Comparison of Composite Performance Measures: An Empirical Investigation,” by Cheryl J. Frohlich
.

2000 Academy of Business Education, “The Relationship Between Research Productivity and Teaching Effectiveness of Finance Faculty by Homer Bates and Cheryl Frohlich

2000 Academy of Accounting and Financial Studies, "An Examination of Bank Merger Activity: A Strategic Framework Content Analysis," by C. Frohlich and C. Bruce Kavan.

1999 Southern Finance Association: " Comparison of Composite Performance Measures: An Empirical Investigation," by Cheryl Frohlich

1999 American Accounting Association Southeast Regional Meeting:" The Effect of AECC Recommended Changes on the Performance of Students in the First   Accounting Course,"by Homer Bates and Cheryl Frohlich 

1996 Southern Finance Association "Country Mutual Funds,” by Dilip Kare , C. J. Frohlich, and Seth Anderson 

1996 Southern Finance Association, "Turnover and Mutual Funds Performance," by CherylJ. Frohlich

1995 Southern Finance Association: " Value Laden Politics and Its Effect Upon the Market" with Kenneth M. Jennings and Dilip Kare

1991 Southern Finance Association: "Country Mutual Funds Performance: An Empirical Investigation," with Dillip Kare

1990 Academy of Financial Services: "Expense Preferencing Behavior in Failed Banks: An Empirical Study," with John McEldowney 

1990 Southern Finance Association: "Is the Same Performance Measure for Stock and Bonds Appropriate?" with Bridget Booth

1989 Eastern Finance Association: " A Universal Performance Measure: Is It Valid for All Types of Mutual Funds?"

1989 Eastern Finance Association: "Macro Economic Factors Influencing Security Returns: Is There a Difference Between Stocks and Bonds?"

1989 Southern Finance Association: "Turnover ratios: Are They a Good Indicator of Performance of Mutual Funds?" 

1988 Southern Finance Association: "Jensen's Measure Revisited Using the Connor and Korajczyk Methodology" winner of the Outstanding Paper Award in Investments.

Discussant:
1996 Financial Management Association: "A Micro-Foundations of Futures Exchanges," by Leonard J. Schneck and Danny M. Ervin, Jr.

1992 Southern Finance Association: "Evidence on the Determinants ofCapital Structures: Regulated vs. Unregulated Firms"

1990 Southern Finance Association: "An Empirical Analysis of Interest Rate Swap Spreads," by Keith C. Brown, W. Van Harlow, and Donald J. Smith.

1990 Eastern Finance Association: "Capital Market Constraints and Information Effects of FinancingDecisions,"by Biswas and Sris Visvanath.

1989 Financial Management Association: "Factors InfluencingBid-Ask Quote Revisions: An Exploratory Investigation,"by Hasung Jang and P.C. Venkatesh.

1989 Southern Finance Association: "An AlternativeSpecification of Duration with Respect to Uncertain Inflation," by Gary A. Anderson, Joel R. Barber,and Chun-Hao Chang.

1988 Southern Finance Association: "Market Pricing of the Contractual Characteristics of Commercial Bank PreferredStock." by Shane A. Johnson.

1988 Eastern Finance Association: "Interest Rate RiskImmunization Using Duration Vector Approach:An Application to Commercial Bank's Financial Statements," by Omar M. Benkato, Mahmoud M. Haddad, and Abdalla M.Eldarrat.

1988 Midwest Finance Association: "The Distributional Properties of Savings and Loans Association FinancialRatios," by Daniel E.Vetter and John Wingender

Chair:
2000  Financial Management Association: Session 60
PERFORMANCE EVALUATION (METHODOLOGY) 
        Financial Management Association: Session 90
ENHANCING YOUR CAREER
1998   Financial Management Association: Session 20
EMPIRICAL QUESTIONS AND INVESTMENT IMPLICATIONS
1995   Financial Management Association: Session 101
INTERNATIONAL FUTURES MARKET
1992    Southern Finance Association: Session 13 
RESTRUCTURING AND VALUATION

JOURNAL REVIEWER:
The Quarterly Review of Economics and Finance

MANUSCRIPT REVIEWER
Dryden Press:
 Maxwell, Charles E and Stephanie Smith., Contemporary Financial Markets and Institution, 1999

West Publishing:
Maxwell, Charles E.,Contemporary Bank Management :The Global View. 1995.

Maxwell, Charles E., Contemporary Financial Markets and Institutions. 1994.

South-Western College Publishing:
Mehta, Dileep R. and Hung-Gay Fung, International Dimensions of Bank Management 1999
Moyer, McGuigan, Kretlow, and Rao, Contemporary Financial Management Fundamentals 1999
Scott, William L., The New Financial System: Innovations In Services and Applications

SPEAKING ENGAGEMENTS
“Issues in Personal Finance and Retirement Planning” 
       Community in the Classroom Sponsored by University of North Florida (2000)

"Current Research Agenda and Problems in Research Encountered while at UNF"
       Research Luncheon Sponsored by the Academic Vice Presidents Office and UFF (1997)

"Value-Laden Politics and Its Effect Upon the Market" 
       College of Business Administration Brown Bag Luncheon (1997)

"Can We Meet Customer Needs and Be Cost Efficient in Training?"
       National Society of Performance and Instruction (1994)

"Group Work: Peer Grading and Dynamics"
       UNF Dept. of Accounting and Finance Teaching Workshop (1994)

"Women's Issues in Higher Education: Panel Discussion"
       SUS's Women in Higher Education at Tallahassee (1994)

"The Savings and Loan Crisis: Its Impact"
       Clay Builders Council (1990)
       Kiwanis Club of Jacksonville Beach (1990)
       University of North Florida's Graduate Club (1990)

CONTINUING EDUCATION
Business Writing (1998-1999)
Using the Finance Calculator (1998-)
Series 7 Review Class (1998- 1999)
Business Ethics and the Banking Industry Professional:
An Employee Orientation Program for Barnett Banks, Inc (1995)
Certificate Program in Management Practices (1994-1996, 1999)

AWARDS AND HONORS
 

Teaching:
University of North Florida’s 
       Outstanding Undergraduate Teaching Award (2000)
University of North Florida College of Business Administration’s 
       Outstanding Finance Teacher of the Year (1998)
State of Florida’s 
       Teacher's Incentive Program Award (1997)
University of North Florida College of Business Administration’s
       Outstanding Finance Teacher of the Year (1997)
University of North Florida 's 
       OutstandingUndergraduate Teaching Award (1995)
University of North Florida College of Business Administration’s
        Finance and Investment Society Award (1990) 

Research:
Recipient of Kip Fellow Research Grant—1999-2000
Recipient of COBA Research Grant 1998
Recipient of the University of North Florida's TSI
     Seed Research Award (Two awards received for 1993)
Recipient of McKnight Junior Fellowship (1989)
Recipient of the University of North Florida's TSI
     Seed Research Award (1989)
Recipient of Peat Marwick Professional Development Program (1989)
Recipient of SFA Outstanding Paper Award in Investments (1988)

Other:
Phi Kappa Phi, National Honorary (1996)
Recipient of The Institute of Chartered Financial Analysts' Certificate of Achievement
 (1993,1994,1995)
Recipient for Presidential Fellow in Leadership (1994)
Recipient of Special Recognition Award from Illinois Banks (1984) 
Recipient of Continental Bank Minority Fellowship (1982)
Beta Gamma Sigma (1982 - present)
Pi Lambda Theta (1972 - present)
Echoes, Northern Illinois University's Junior Women's Honorary (1972)
Who’s Who Among American Teachers (2000)
Who's Who in Finance and Industry (1998)
Who's Who in Professional and Executive Women (1987-1994)
Two Thousand Notable American Women (1988 & 1989)
 

PROFESSIONAL MEMBERSHIPS
Jacksonville Certified Financial Analyst Society;
    Membership Chair (1993- 1997)
    Second Vice President (1994-1995)
    Director (1991-1994)
Southern Finance Association(1986-present)
Southwestern Finance Association(1986-present)
Financial Management Association(1986-present)
American Society of Professional and Executive Women (1987-present)
Beta Gamma Sigma(1982-present)
Pi Lambda Theta(1972-present)
Phi Kappa Phi (1996- present)

SERVICE
University Service:
University of North Florida
1999-2000
  Osprey Card Committee
   Mentor Program
   Alcohol and Abuse Committee
   RFP Committee
  VP for Academic Affairs Search Committee
   Financial Appeals Committee
   Appeals Committee, Chair

1998-1999
   Osprey Card Committee
  Mentor Program
  Appeals Committee
  Graduate Council

1997-1998
   Academic Programs
  Osprey Card Committee
  Mentor Program

1996-1997
   Academic Programs Committee, Chair
  University Appeals Committee
  Executive Committee
  Outstanding Undergraduate Teaching Award Committee
  Mentor Program

1995-1996
   Academic Programs Committee, Co-Chair
  Budget & Legislative Information Committee
  University Appeals Committee
  Executive Committee
  Outstanding Undergraduate Teaching Award Committee

1994-1995
   Budget & Legislative Information Committee, Co-Chair
  Rules and Appeals Committee
  University Tenure and Promotion Committee
  Enrollment Task Force Committee
  Adjunct Use Committee
  Arts & Science and College of Business Administration Cultural Diversity Committee

1993-1994
   Budget & Legislative Information Committee
  Enrollment Task Force Committee

1992-1993
   Academic Program Committee, Chair
  Rules and Appeals Committee
  Sponsored Research SEED Committee
  Barnett Technology Institute Director Search

1991-1992
   Academic Program Committee
  Sponsored Research SEED Committee

1990-1991
   Academic Program Committee
  Sponsored Research SEED Committee

1989-1990
   Academic Program Committee
1988-1989
   Scientific Misconduct Committee
1987-1988
   Women's Center-Finance Committee
  Women's Center-Program Committee

College Service:
University of North Florida - Jacksonville, Florida
1999-2000
Graduate Curriculum Committee, Chair
College By-Laws

1998-1999
Graduate Curriculum Committee, Chair
College By-Laws
Furniture Committee

1997-1998
Graduate Curriculum Committee, Chair
1996-1997
Graduate Curriculum Committee, Secretary
Outstanding Undergraduate Teaching Award Committee

1995-1996
Undergraduate Curriculum Committee
Outstanding Undergraduate Teaching Award Committee, Chair

1994-1995
Department of Accounting and Finance Chair Search, Secretary
Undergraduate Curriculum Committee
Building Enhancement Committee

1993-1994
Department of Accounting and Finance Chair Search, Chair
Undergraduate Curriculum Review Committee
International Business Degree Program for Undergraduates

1992-1993
Outstanding Undergraduate Teaching Award Committee, Chair
Department of Management, Marketing, & Logistics
Visiting MIS Professor Search 
Department of Economics Chair Search
Interim Dean of College of Business Administration Search, Secretary

1989-1990
Summer Research Release Committee
1988-1990
Department of Management, Marketing, & LogisticsManagement Professor Search 
QMB/Transportation Professor Search

University of Illinois - Champaign, Illinois
1984-1985
Affirmative Action Committee
1983-1984
Educational Policies

Department Service:
University of North Florida - Jacksonville, Florida
1999-2000
Finance & Investment Society, Co-Advisor
Scholarship Committee
Finance Curriculum Committee, Chair
Finance Faculty Committee
Accreditation and Continuous Improvement Committee, Secretary
Strategic Planning Retreat Committee

1998-1999
Scholarship Committee
Finance Curriculum Committee, Chair
Finance Instructor Committee, Co-Chair
Finance Visiting Faculty Committee
Accreditation and Continuous Improvement Committee, Secretary
SACs Compliance Committee
Strategic Planning Retreat Committee

1997-1998
Scholarship Committee
Finance Curriculum Committee, Chair
Finance Faculty Search Committee
SACs Compliance Committee
Sustained Performance Evaluation Committee
Strategic Planning Retreat Committee

1996-1997
By-Laws Committee, Chair
Evaluation Committee, Chair
Scholarship Committee
Finance Curriculum Committee
Finance Faculty Search Committee
1995-1996
By-Laws Committee
Scholarship Committee
Finance Curriculum Committee
Accounting and Finance Tenure & Promotion Committee

1994-1995
Scholarship Committee
Finance Curriculum Committee
Department Budget Committee

1993-1994
Accounting and Finance Tenure & Promotion Committee, Chair
Accounting Faculty Search
Finance Curriculum Committee
Financial Service Track Committee
Scholarship Committee
Mission Statement Committee 

1992-1993
Accounting and Finance Tenure & Promotion Committee
Visiting Instructor of Finance Search Committee
Financial Service Track Committee

1990-1991
Finance & Investment Society, Co-Advisor
1989-1990
Banking Certificate Committee, Chair
Curriculum Advisory Board for Banking Track, Chair
Finance & Investment Society, Advisor
Finance Instructor Search Committee

1988-1989
Finance Faculty Search Committee
Curriculum Advisory Board for Banking Track, Chair
Finance & Investment Society, Advisor

1987-1988
Banker's Reception Committee, Chair
1986-1987
Banker's Reception Committee, Chair

Community Service:
Jacksonville Financial Analyst Society
Membership Chair (1993 - 1997)
  Director (1991 - present)
  Second Vice President (1994 - present)

Jacksonville Campus Ministry 
Finance Committee (1994 - 1995)
Fort Caroline United Methodist Church, Jacksonville, Florida
Treasurer (1997-1999)
Administrative Board (1992 -1999)
Council on Ministry (1992 -1999)
Youth Council (1993 -1996)
Youth Co-Leader(1992 - 1996)
Acolyte Coordinator (1988 - 1991)
Finance Committee (1989)
New Member Committee (1988)

Wesley United Methodist, Urbana, Illinois
Education - Work Area (1985 - 1986)