James C. Brau

Associate Professor of Finance
Goldman Sachs Faculty Fellow
Finance, Department of

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Office: 670 TNRB
Phone: 801-318-7919
Email:
Office hours: By Appointment
Home Page: marriottschool.byu.edu/emp/brau/
Expertise:
  • Corporate finance
  • Entrepreneurial finance
  • Real estate finance
Research:
  • Initial Public Offerings
  • Entrepreneurial Finance
  • Real Estate Investment Trusts (REITs)
  • Microfinance (Poverty Alleviation)
Education:
  • Chartered Financial Analyst, CFA Institute, 2004
  • PhD, Finance, Florida State University, 1999
  • BS, United States Military Academy, West Point, 1991
Group Affiliations:
  • Finance and Economics - Primary
  • Entrepreneurship - Secondary
Selected Publications:
  • "IPO and SEO Waves in Health Care Real Estate Investment Trusts," Journal of Health Care Finance Volume 35, Issue 1, Pages 70-88, 2008    V I E W   A B S T R A C T
  • "Spirituality and Organizational Culture: Cultivating the ABCs of an Inspiring Workplace," International Journal of Public Administration Volume 31, Pages 420-438, 2008    V I E W   A B S T R A C T
  • "Information Sharing and Supply Chain Performance: The Role of Connectivity and Willingness," Supply Chain Management: An International Journal Volume 12, Issue 5, Pages 358-368, Emerald, October, 2007    V I E W   A B S T R A C T
  • "Do Secondary Shares in the IPO Process have a Negative Effect on Aftermarket Performance?," Journal of Banking and Finance Volume 31, Issue 9, Pages 2612-2631, Elsevier, September, 2007    V I E W   A B S T R A C T
  • "REIT Stock Repurchases: Completion Rates, Long-Run Returns, and the Straddle Hypothesis," Journal of Real Estate Research Volume 29, Issue 2, Pages 115-136 (lead article), April, 2007    V I E W   A B S T R A C T
  • "An Empirical Analysis of the Financial Impact of Supply Chain Management on Small Firms," Journal of Entrepreneurial Finance and Business Ventures Volume 12, Issue 1, January, 2007    V I E W   A B S T R A C T
  • "FranklinCovey Company Retained Ownership versus Sale/Leaseback: A Corporate Real Estate Case Study," Journal of Real Estate Practice and Education Volume 9, Issue 1, Pages 81-97, 2006    V I E W   A B S T R A C T
  • "Initial Public Offerings: CFO Perceptions," Financial Review Volume 41, Issue 4, Pages 483-511, January, 2006    V I E W   A B S T R A C T
  • "Evidence from What CFOs Think About the IPO Process: Practice, Theory, and Managerial Implications," Journal of Applied Corporate Finance Volume 18, Issue 3, Pages 68-78, Morgan Stanley, New York, 2006    V I E W   A B S T R A C T
  • "Why Do REITs Repurchase Stock? Extricating the Effect of Managerial Signaling in Open Market Share Repurchase Announcements," Journal of Real Estate Research Volume 28, Issue 1, Pages 1-23, January, 2006    V I E W   A B S T R A C T
  • "Initial Public Offerings: An Analysis of Theory and Practice," Journal of Finance Volume 61, Issue February, Pages 399-436, 2006    V I E W   A B S T R A C T
  • "Perceptions of the Teacher-Leader in Modern Society: Insights from the Master Teacher's Pedagogy," International Journal of Public Administration Volume 28, Issue 5 & 6, Pages 465-488, 2005    V I E W   A B S T R A C T
  • "Amazon Rainforest Properties Ltda: Monte Carlo Analysis in an International Capital Budgeting Decision," Journal of Financial Education Volume 31, Issue Winter, Pages 107-117, 2005    V I E W   A B S T R A C T
  • "Lockups Revisited," Journal of Financial and Quantitative Analysis 2005    V I E W   A B S T R A C T
  • "Do Venture Capitalists Add Value to Small Manufacturing Firms? An Empirical Analysis of Venture and Non-Venture Capital Backed Initial Public Offerings," Journal of Small Business Management Volume 42, Issue 1, Pages 77-91, 2004    V I E W   A B S T R A C T
  • "Market Reaction to the Expiration of IPO Lockup Provisions," Managerial Finance Volume 30, Issue 2, Pages 87-103, 2004    V I E W   A B S T R A C T
  • "Microfinance Institutions: A Comprehensive Review of the Existing Literature and an Outline for Future Financial Research," Journal of Entrepreneurial Finance and Business Ventures Volume 9, Issue 1, Pages 1-26, 2004    V I E W   A B S T R A C T
  • "The Case of Carlson Egg Farms: Inferred Cost of Capital and Private Firm Valuation," Journal of Finance Case Research Volume 5, Pages 45-53, 2003    V I E W   A B S T R A C T
  • "Concealing and Confounding Adverse Signals: Insider Wealth-Maximizing Behavior in the IPO Process," Journal of Financial Economics Volume 67, Issue 1, Pages 149-172, 2003    V I E W   A B S T R A C T
  • "The Choice of IPO Versus Takeover: Empirical Evidence," Journal of Business Volume 76, Issue 4, Pages 583-612, 2003    V I E W   A B S T R A C T
  • "Do Banks Price Owner-Manager Agency Costs? An Examination of Small Business Borrowing," Journal of Small Business Management Volume 40, Issue 4, Pages 273-286 (lead article), 2002    V I E W   A B S T R A C T
  • "Firm Transparency and the Costs of Going Public," Journal of Financial Research Volume 25, Issue 1, Pages 1-18 (lead article), April, 2002    V I E W   A B S T R A C T
  • "An Examination of Utah County Housing Trends Comparing Naive Index Methods to Hedonic Constant-Quality Index Methods," Journal of the Utah Academy Volume 78, Pages 65-78, 2001    V I E W   A B S T R A C T
  • "The Case of Enviro-Lawn: Valuing a Local Business," Journal of Business Education Volume 2, Issue Spring, Pages 23-30, April, 2001    V I E W   A B S T R A C T
  • "The Determinants of Successful Micro-IPOs: An Analysis of Issues Made under the Small Corporate Offering Registration (SCOR) Procedure," Journal of Small Business Management Volume 39, Issue 3, Pages 9-27, July, 2001    V I E W   A B S T R A C T
  • "An Empirical Analysis of SBA Guaranteed Loans: Rates, Collateral, Agency Costs, and Time to Obtain the Loan," Journal of Entrepreneurial Finance Volume 6, Issue 1, Pages 1-23, January, 2001    V I E W   A B S T R A C T
  • "A Note on Internet Resources for the Entrepreneur: A Small Firm Finance Perspective," Journal of Entrepreneurial and Small Business Finance Volume 5, Issue 1, Pages 85-92, January, 1996    V I E W   A B S T R A C T
Experience:
   Teaching
  • Visiting Professor, University of Puerto Rico, 2005-2006
  • Associate Professor, Brigham Young University, 2005
  • Guest Professor, University of Utah, 2005-2007
  • Assistant Professor, Brigham Young University, 1999-2005
  • University Teaching Associate, Florida State University, 1998-1999
  • Graduate Teaching Instructor, Florida State University, 1996-1999
  • Early Morning Seminary High School Teacher, Church of Jesus Christ of Latter-day Saints, 1994-1995
   Professional
  • Member, United States Military Academy Association of Graduates (USMA AOG)
  • Member, International Council for Small Business (ICSB)
  • Member, US Association for Small Business and Entrepreneurship (USASBE)
  • Member, Financial Management Association (FMA)
  • Member, American Finance Association (AFA)
  • Member, Western Finance Association (WFA)
  • Officer, U.S. Army, 1991-1999
Awards:
  • Bateman MBA Outstanding Professor Award Nominee , Marriott School, BYU , 2008
  • Outstanding Reviewer Award , U.S. Association for Small Business and Entrepreneurship , 2008
  • Marriott School Finance Society Outstanding Finance Professor of the Year Award , BYU Finance Society , 2007
  • Best Paper Award (for an article published in 2006) with Andy Holmes , Journal of Real Estate Research ($10,000 1st place award) , 2007
  • University Young Scholar Fellow , Brigham Young University , 2005
  • Outstanding Teaching Award , Marriott School, BYU , 2005
  • Earned CFA Charter , Chartered Financial Analyst Institute , 2004
  • Outstanding Teaching Award , Department of Business Management, BYU , 2004
  • Outstanding Researcher Award , Marriott School, BYU , 2004
  • Best Paper Award ($5,000 award) , Journal of Financial Research , 2003
  • Outstanding Teaching Award , BYU Finance Society , 2003
  • Outstanding Researcher Award , Department of Business Management, BYU , 2003
  • Best Paper Award ($500 award) , Utah Academy of Sciences, Arts, and Letters , 2001
  • Phi Kappa Phi Graduate Scholar Award (Valedictorian) , Florida State University , 1999
  • University Outstanding Teaching Award , Florida State University , 1998
  • Outstanding Teaching Award , College of Business, Florida State University , 1998
  • Five Exceptional Achievement Awards , U.S. Army and Florida Army National Guard, 1991- , 1996
  • Dean's List , United States Military Academy, West Point, 1988, 1989, 1990 , 1991
  • Infantry Officer Basic Course Honor Graduate , US. Army , 1991
  • Expert Infantryman Badge , US Army , 1991
  • Star Man (top 5% academically, physically, leadership) , United States Military Academy, West Point , 1990
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