Headshot of Tom Arnold

Tom Arnold

Professor of Finance
  • Profile

    Tom Arnold is a Professor of Finance at the Robins School of Business at the 麻豆传媒高清. He received his Ph.D. from the Terry College of Business at the University of Georgia and is a Chartered Financial Analyst. His research appears in the Journal of Finance, Journal of Business, the Financial Analysts Journal, the Journal of Applied Corporate Finance, and the Journal of Financial Education. His research has been mentioned in the Wall Street Journal, the New York Times, and the Economist.

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    • Awards

      Outstanding Scholarship Award, Robins School of Business

      Outstanding Derivatives Paper Award, Southern Finance Association, Award given at the Southern Finbance Association annual meeting

      Outstanding Paper Award, Southwestern Finance Association, Given at Southwestern Finance Association annual meeting

    • Presentations

      Arnold M. Thomas, Member of Panel, The Financial Planning Association, 麻豆传媒高清, VA

      Arnold M. Thomas, Fishe P. Raymond, North S. David, The Effects of Ambiguous Information on Initial and Subsequent IPO Returns, Eastern Finance Association- Annual Meeting, Washington, DC

      Arnold M. Thomas, What is the form of informed trading in options markets preceding tender offer announcements?, Financial Management Association 2008 Meetings, Dallas, Texas

      Arnold M. Thomas, A Real Option Approach to Investing in the Vietnam Sugar Industry: Is the Opportunity Worth the Wait?, Southern Finance Association Meetings, Charleston, SC

      Arnold M. Thomas, Inferring Physical Probability Distributions from Option Prices , Southern Finance Association Meetings, Charleston, SC

      Arnold M. Thomas, Risk Disclosure in IPOs: Complete or Incomplete? , FInancial Management Association Meetings, Orlando, FL

    • Designations

      Chartered Finacial Analyst

    • Memberships

      Financial Management Association

      Financial Education Association

      CFA-Virginia

  • Selected Publications
    Books

    Thomas M. Arnold, Terry Nixon, Alternative Methods of Evaluation Capital Investments, Capital Budgeting Valuation, 2011, 79-94

    Thomas M. Arnold, Bonnie Buchanan, Applications of Real Options Analysis, Capital Budgeting Valuation, 2011, 321-336

    Thomas M. Arnold, Terry Terry, Measuring Investment Value: Free Cash Flow, Net Present Value, and Economic Value Added, Capital Budgeting Valuation, 2011,59-77

    Thomas M. Arnold, Bonnie Bucahan, Real Options Analysis: An Introduction, Capital Budgeting Valuation, 2011, 301-320

    Thomas M. Arnold, David S. North, Risk Simulation Concepts and Methods, Capital Budgeting Valuation, 2011, 279-298

    Thomas M. Arnold, Timothy Falcon Crack, Adam Schwartz, Inferring Physical Probability Distributions from Option Prices Using Implied Binomial Trees, Handbook of Econometrics/Palgrave-MacMillan, 2011,35-52

    Thomas M. Arnold, Buchanan Bonnie , , Nova Science Publishers, Inc., 2010, 133-143

    Journal Articles

    Thomas M. Arnold, Bonnie Buchanan, How Much Value Within Foreign Direct Investment Can a Government Destroy?, Journal of Wealth Management, 2012, 16-26

    Thomas M. Arnold, Jerry L Stevens, , 麻豆传媒高清 Law Review, 2011, 1059-1089

    Thomas M. Arnold, David S. North, Firm Valuation with Long-Run Business Cycles, The Journal of Private Equity, 2011

    David S. North, Thomas M. Arnold, Raymond P. Fishe, The Effects of Ambiguous Information on Initial and Subsequent IPO Returns, Financial Management, 2010, 1497-1519

    C. Mitchell Conover, Thomas M. Arnold, M. Carol Lancaster, , Journal of Applied Corporate Finance, 2010

    Douglas Bosse, Thomas M. Arnold, Trade credit: A real option for bootstrapping new ventures, Venture Capital, 2010, 49-63

    Thomas M. Arnold, John H. Earl, David S. North, On a Risk-Adjusted Basis, Do Firms Featured on Business Magazine Covers Make Good Contrarian Investments?, The Journal of Wealth Management, 2010, 88-93

    Thomas M. Arnold, Buchanan Bonnie , Furniture as a Conduit for Credit, The Journal of Structured Finance, 2010, 10-17

    Thomas M. Arnold, John H. Earl, David S. North, Z-Score Calculator for the PDA, The Investment Professional, 2009, 21

    Thomas M. Arnold, David S. North, Programming a Firm Value Calculator on Your PDA, The Invesment Journal, 2009, 30-31

    Thomas M. Arnold, John H. Earl, David S. North, The Impact of Barron's on Stock Prices, The Investment Journal, 2009, 22-25

    Thomas M. Arnold, John H. Earl, Michael Weiss, , A Quick Flip of the Coin, The Investment Professional, 2009, 52-53

    Thomas M. Arnold, The Ghost of Credit Past. The Spector of the Heilig-Meyers Fiasco Haunts Today's Failed Lenders, The Investment Professional, 2009, 20-22

    Thomas M. Arnold, C. Mitchell Conover, M. Carol Lancaster, Brand New or Old News? The Corporate Restructuring Techniques of Private-Equity Firms and the Case of Crown, Cork, and Seal, The Investment Professional , 2008,22-24

    Thomas M. Arnold, John H. Earl, Calculating the VIX in Excel , Journal of Trading, 2008, 39-45

    Thomas M. Arnold, Peter Eisemann, , Advances in Financial Education (Journal of Financial Education), 2008, 96-102

    Thomas M. Arnold, Mark Bertus, Jonathan Godbey, , Engineering Economist, 2008

    Thomas M. Arnold, , Engineering Economist, 2008

    Thomas M. Arnold, , Journal of Financial Education, 2007

    Thomas M. Arnold, Jimmy Hilliard, Adam Schwartz, Short Maturity Options and Jump Memory, Journal of Financial Research, 2007

    Thomas M. Arnold, Bonnie Buchanan, Visual Portfolio Statistics, Accounting Research Journal, 2007

    Thomas M. Arnold, John H. Earl, David S. North, , Financial Analysts Journal, 2007, 70-75

    Thomas M. Arnold, Timothy F. Crack, Adam Schwartz, Valuing Real Options Using Implied Binomial Trees and Commodity Futures Options, Journal of Futures Markets, 2007, 203-226

    Thomas M. Arnold, Timothy F. Crack, Adam Schwartz, , Journal of Financial Education, 2006, 37-54

    Thomas M. Arnold, Terry D. Nixon, , Journal of Financial Education, 2006, 78-89

    Thomas M. Arnold, John H. Earl, , Journal of Financial Education, 2006, 97-102

    Thomas M. Arnold, Gayle R. Erwin, Lance A. Nail, Terry D. Nixon, Evidence from Trading on Anticipated Tender Offer Announcements, International Review of Financial Analysis, 2006, 247-255

    Thomas M. Arnold, Lance A. Nail, Terry D. Nixon, , Journal of Applied Finance, 2006, 72-81

    Thomas M. Arnold, Bonnie Buchanan, Janice Lo, , Journal of Finance Case Research, 2006

    Thomas M. Arnold, , Research in International Business and Finance, 2006, 1-21

    Thomas M. Arnold, Bonnie Buchanan, Lance A. Nail, A Calamity of Monumental Proportions: The Collapse of HIH Insurance, Journal of Finance case Research, 2005

    Thomas M. Arnold, David S. North, Roy A. Wiggins, , Journal of Financial Education, 2005, 76-95

    Thomas M. Arnold, Alexander W. Butler, Tmothy F. Crack, Yan Zhang, , Journal of Business, 2005, 1307-1335

    Thomas M. Arnold, Stephen C. Henry, , Journal of Financial Education, 2005,86-97

    Thomas M. Arnold, Timothy F. Crack, , Financial Analysts Journal, 2004, 78-82

    Thomas M. Arnold, Lance A. Nail, Terry D. Nixon, Do ADRs Enhance Portfolio Performance for a Domestic Portfolio? Evidence from the 1990s, Research in International Business and Finance, 2004, 341-359

    Thomas M. Arnold, Bonnie Buchanan, , Journal of Financial Education, 2004, 28-41

    Thomas M. Arnold, Leroy D. Brooks, Terry D. Nixon, , Advances in Financial Education (Journal of Financial Education), 2004, 11-21

    Thomas M. Arnold, Bonnie Buchanan, Lance A. Nail, , Research in International Business and Finance, 2003, 199-221

    Thomas M. Arnold, Terry D. Nixon, Richard L. Shockley, , Journal of Applied Finance, 2003, 46-55

    Thomas M. Arnold, Stephen C. Henry, , Journal of Applied Finance, 2003, 56-65

    Thomas M. Arnold, Alexander Butler, Timothy F. Crack, Ayca Altintig, , Journal of Business, 2003, 343-361

    Thomas M. Arnold, Jerry James, Finding Firm Value Quickly with an Analysis of Debt, Journal of Financial Education, 2003, 65--81

    Thomas M. Arnold, Richard L. Shockley, Real Options, Corporate Finance, and the Foundations of Value Maximization, Journal of Applied Corporate Finance, 2003, 82-88

    Thomas M. Arnold, Lance A. Nail, Terry D. Nixon, , Research in International Business and Finance, 2002,451-472

    Thomas M. Arnold, , Journal of Financial Education, 2002, 79-96

    Thomas M. Arnold, Richard Shockley, Value Creation at Anheuser-Busch- A Real Options Example, Journal of Applied Corporate Finance, 2001,52-61

    Thomas M. Arnold, Jerry James, Finding Firm Value Without a Pro Forma Analysis, Financial Analysts Journal, 2000, 77-84

    Thomas M. Arnold, Phil Hersch, J. Harold Mulherin, Jeffry Netter, Merging Markets, Journal of Finance, 1999, 1083-1107