L. DWAYNE BARNEY

Department of Marketing and Finance

EDUCATION

Ph.D. Texas A&M University, College Station, TX, August 1984, Economics M.S. Texas A&M Univer~it"t, College Station, TX, May 1982, Economics B.S. Weber State College, Ogden, Utah, August 1980, Economics

WORK EXPERIENCE

Aug. 1994 to Boise State University, Professor of Finance Present

Aug. 1995 to Chairman, Department of Marketing and Finance, Boise State University May 1998

Aug. 1990 to Boise State University, Associate Professor of Finance July 1994

Sept. 1988 to Boise State University, Assistant Professor of Finance Aug.1990

Sept. 1986 to Boise State University, Assistant Professor of Economics Aug. 1988

Sept. 1985 to Montana State University, Visiting Assistant Prof. of Economics Aug. 1986

Sept. 1984 to Eastern Montana College, Assistant Professor of Economics Aug. 1985

TEACHING AREAS

Futures and Options International Finance

Principles of Finance Investments

Economics Corporate Finance

PUBLICATIONS IN PROFESSIONAL REFEREED JOURNALS

"Ranking Mutually Exclusive Projects: The Role of Duration," (with Morris Danielson), forthcoming, The Engineering Economist.

"Project-Specific Financing and Interest Rate Risk in Capital Budgeting," (with Harry White), The Engineering Economist, Vol. 48, No.2, 2003.

"Cost of Capital Minimization anQ the Optimal Capital Structure," (with Harry White and Diane Schooley), Journal of Accounting and Finance Research, Vol. 10, No.3, Summer II, 2002.

"Mechanisms for Estimating the Cost of Capital After a Capital Structure Change," (with Diane Schooley and Harry White), Journal of Research in Finance, Volume 1, Winter 1998.

"The Relation Between Capital Structure, Interest Rate, Sensitivity, and Market Value in the Property-Liability Insurance Industry : Comment," Journal of Risk and Insurance, Vol. 64, No.4, December 1997.

"Uncertainty and the Comparative Dynamics of Stock Price," International Review of Economics and Finance, Vol. 6, No.4, 1997.

"On the Use of Dividends and Managerial Ownership to Reduce Agency Costs," (with Diane Schooley). The Journal of Financial Research, Vol. 17, No.3, Fa111994.

"The Purchase of Insurance by a Risk-Neutral Firm for a Risk-Averse Agent: An Extension," Journal of Risk and Insurance, Vol 59, No.4, December 1992.

"Hedonic Wage Studies and the Value of a Life," Atlantic Economic Journal, (with Harry White), Vol. 15, No.3, September 1992.

"An Economic Analysis of Transplant Organs: Reply," Atlantic Economic Journal, (with R. Larry Reynolds), Vol. 14, No.2, June 1991.

"The Envelope Theorem in Dynamic Optimization," Journal of Economic Dvnamics and Control, (with Jeff LaFrance), Vol. 15, Apri11991.

"Reserve Requirements and the Inflation Tax: A Comment," Journal of Monev. Credit and Banking, (with Alan Frankle and Harry White), Vol. 22, No.3, August 1990.

"Moral Hazard and Moral Imperative: Comment," Journal of Risk and Insurance, Vol. 57, No.2, June 1990.

"An Economic Analysis of Transplant Organs," Atlantic Economic Journal, September 1989, Vol. 17, No.3, (with R. Larry Reynolds).

"Economics of Organ Procurement and Allocation," Journal of Economic Issues, Vol. 22, No.2, June 1988. (with R. Larry Reynolds)

"The Optimal Mortgage Payment Path Under Price Uncertainty," Journal of American Real Estate

and Urban Economics Association, Fa\l1986, Vol. 14, No.3, (with Harry White).

"Inflation and Risk in Naval Shipbuilding Contracts," Atlantic Economic Journal,Vol. 14, No.4, December 1986.

OTHER PUBLICATIONS

"Slower Growth Likely in 1995," Idaho's Economy, Vol. 12, No.1, March 1995. (with Brian McGrath)

"Interest Rates and Security Prices," Idaho's Economy, Vol. 12, No.1, March 1995.

"Issues in Accounting for Employee Stock options," Idaho's Economy, Vol. 11, No.2, 1994. (with Karla Rosa)

"Protecting Our Forests," Idaho's Economy, Spring/Summer 1993, Vol. 10, No.2.

"Is the Recovery Dead?," Idaho's Economy, Spring/Summer 1993, Vol. 10, No.2. (with Brian McGrath)

"The Economics of Recycling," Idaho's Economy, Winter 1993, Vol. 10, No 1.

"1993 Financial and Economic Forecast," Idaho's Economy, Winter 1993, Vol. 10, No 1. (With Brian McGrath).

"From the Editors' Desk," Idaho's Economy, Spring/Summer 1992, Vol. 9, No.2.

"From the Editors' Desk," Idaho's Economy, FalI 1991 , Vol. 8, No.3, (with Harry White).

"A Steep Yield Curve," Idaho's Economy, Spring 1991, Vol. 8, No.2, (with Brian McGrath).

"The 1980's in Review and a Forecast for 1990," Idaho's Economy, Winter 1990, Vol. 7, No.1,

(with Brian McGrath).

"Has the Recession Arrived?" Idaho's Economy, Fall1990, (with Brian McGrath).

"Iraq Oil Price Shock Doesn't Change Economic Fundamentals," Idaho's Economy, Summer

1990, Vol. 7, No.3, (with Brian McGrath).

TEACHING ACCOMPLISHMENTS AND RECOGNITIONS

Nominated for BSU Foundation Teaching Scholar Award, Spring 2001. Nominated for BSU Foundation Teaching Scholar Award, Spring 2000. Nominated for A~BSU 98-99 Faculty Recognition. Alpha Kappa Psi Professor of the Year, 1994-95.

Recipient of Top Ten Scholar Distinguished Professor Award Boise State University, 1992. Named most influential professor by new Phi Kappa Phi inductee (Brenda Proctor), 1991.

OTHER HONORS AND RECOGNITIONS

Nominated for College of Business Research Award, January 1992. Professional Activity Merit Award, Eastern Montana College, 1985. Recipient of H.B. Earhart Award ($4000), 1983.

Distinguished Pass in Economic Theory, Texas A&M Qualifying Exams, 1981. Outstanding Student in Economics, Weber State College, 1980. Graduated with honors, Weber State College, 1980.

CONSULTING AND SERVICE ACTIVITIES Fellowships and Residencies

Completed Boise State University Program for Management Development, May 1995.

Faculty Fellow, Pacific Coast Banking School, August 1990. Resident, West One Bancorp, Summer 1989.

Professional Seminars Given Locally

U.S. Bancorp Piper Jaffray, "Modern Portfolio Theory and Asset Allocation," Oct. 2001. Economics Presentation, Boise State University Micro-MBA Program, Regularly, 1995 -2001. Arthur Andersen Co., "Options, Futures, and Interest Rate Swaps," June 1998. Geneva Companies, "How Sellers Value a Business," July 1998.

Seminar for clients of Financial Planning Services, Boise, Idaho, October 1994. Seminar on Financial Analysis, Ore-Ida Corporation, Boise, Idaho, Spring 1991.

Seminar for clients of IDS Financial Services, Shore Lodge, McCall, Idaho, February 1991. Seminar for clients of IDS Financial Services, Red Lion Riverside, Boise, Idaho, November 1990. Presentation to the Idaho Electrical League, Sun Valley, Idaho, September 1988. Presentation to the Idaho Employer Health Care Coalition, Boise, April 1988.

Professional Development Program, Financial Statement Analysis, Owyhee Plaza Hotel, Boise, Idaho, November 7, 1990.