Don M. Chance, Ph.D., CFA, is a Bates Testifying Expert and the Norman V. Kinsey Distinguished Chair in Finance at Louisiana State University. He previously held the William H. Wright, Jr. Endowed Chair for Financial Services and the James C. Flores Endowed Chair for MBA Studies at LSU. He was formerly employed at Virginia Tech, where he held the First Union Professorship in Financial Risk Management. Early in his career, he worked for a large southeastern bank. He has been a visiting scholar at universities in Hong Kong, Australia, the U.K., Korea, Singapore, and the U. S.
Professor Chance is a leading scholar in the area of financial instruments, primarily derivatives, and also risk management. He has written five books on this subject and numerous articles. He has taught numerous professional training programs, has been a major contributor and advisor to the CFA (Chartered Financial Analyst) program, and he has extensive service as an expert witness. He also has considerable expertise in asset management, fixed income investing, stock indexing, and executive and employee compensation and incentives. Professor Chance also has practical experience with retirement programs such as 401(k)s, being heavily involved in the design and oversight of LSU’s supplemental retirement plan.
Don is a consultant and subject matter expert in these Practice Areas and Services:
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Securities and Financial Services Litigation & Consulting
- Retail Securities
- Institutional Securities
- Data, Analyses & Analytics
Credentials
EXPERIENCE
Bates Group, Testifying Expert, 2024 – Present
First National Bank of Birmingham, Last position: Assistant Cashier and Corporate Services Manager, Birmingham, Al, 1973 – 1977
ACADEMIC EXPERIENCE
Louisiana State University, Baton Rouge, LA, 2003 – Present; Norman V. Kinsey Distinguished Chair in Finance, 2024 – Present; James C. Flores Endowed Chair of MBA Studies, 2009 – 2023; William H. Wright, Jr. Endowed Chair for Financial Services, 2003 – 2009; Professor of Finance, 2003 – Present
Virginia Tech, Blacksburg, VA, 1980 – 2003; First Union Professor of Financial Risk Management, 1996 – 2003; Professor of Finance, 1989 – 2003; Associate Professor of Finance, 1983 – 1989; Assistant Professor of Finance, 1980 – 1983
Virginia Tech Northern Virginia Graduate Center, Falls Church, VA, Fall 1999
VISITING ACADEMIC POSITIONS
Hong Kong Polytechnic University, Visiting Scholar, 2015
Macquarie University, Sydney, Australia, Visiting Scholar, 2014
National University of Singapore, Visiting Scholar, 2014
University of Adelaide, Adelaide, Australia, Visiting Scholar, 2013
Korea Advanced Institute for Science and Technology, Seoul, South Korea, MBA Distinguished Lecturer, 2006
Aquila/University of Missouri at Kansas City, Kansas City, Missouri, Visiting Lecturer, 2002
University of Strathclyde, Glasgow, Scotland, Visiting Scholar, 1999
University of North Carolina, Chapel Hill, North Carolina, Visiting Scholar, 1994
EDUCATION
Doctor of Philosophy (PhD), Finance; Minor: Quantitative Methods, Louisiana State University, Baton Rouge, LA
- Dissertation: Theory and Tests of the Effect of Financial Leverage on Valuation of the Banking Firm; Advisor: Professor. C. G. Martin
Master of Business Administration (MBA), University of Mississippi, Oxford, MI
Bachelor of Science (BS), Business Administration; Minor Economics, University of Montevallo, Montevallo, AL
PROFESSIONAL QUALIFICATIONS/LICENSING
Chartered Financial Analyst, CFA
- CFA Institute, External Director of Curriculum Projects, 2012 – 2017
- CFA Institute, 2005
- Patpatia Associates, 2002
- Institute of Chartered Financial Analysts, 1987 – 1988
AWARDS, HONORS, AND RECOGNITIONS
- Honorable mention, 2018 Hillcrest Behavioral Finance Award for “Bragging Rights: Does Corporate Boasting Imply Value Creation?” (with P. Kothari and S. Ferris)
- Featured Faculty Member, LSU Graduate School Newsletter, December 2017
- C. Stewart Sheppard Award, CFA Institute, for outstanding contribution to CFA Institute Education Programs, 2015
- Fifteen Year Certificate of Achievement for Continuing Education, CFA Institute, 2015
- LSU Distinguished Faculty Award, 2014
- LSU Rainmakers (outstanding one hundred faculty), 2008
- Risk Who’s Who. www.riskwhoswho.com (web site removed)
- Erich and Lea Sternberg Foundation Excellence in Teaching Award, Ourso College of Business, LSU, 2007-2008
- LSU Flagship Faculty, LSU Today, April 13, 2007
- University Certificate of Teaching Excellence, Virginia Tech, 1999
- Distinguished Alumnus of the Year, University of Montevallo, 1999
- Pamplin College of Business Teaching Excellence Award, Spring, 1995, 1999
- Outstanding Paper in Investments, Financial Management Association Meeting, 1990, for “Evidence on the Performance of Value Line Options: The Enigma Extended”
- Award of Merit, 1989 International Technical Publications Competition of the Society for Technical Communication for An Introduction to Options and Futures, first ed
- Best of Show, 1988 Literature and Art Competition of the Chicago Chapter of the Society for Technical Communication for An Introduction to Options and Futures, first ed
PUBLICATIONS
Publication Addendum Upon Request