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James Brau

Joel C. Peterson Professor of Finance,
Finance
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Biography

Jim Brau is the Joel C. Peterson Professor of Finance at the Marriott School and Editor-in-Chief of the Journal of Entrepreneurial Finance. He received his undergraduate training at the United States Military Academy at West Point and served three years as an active duty Airborne Ranger infantry officer in the United States Army and another five years in the Army National Guard and Army Reserves. While in the reserves, Jim earned his PhD from Florida State University in business administration and finance with a support area in econometrics. Jim joined the Marriott School faculty in April 1999 and was honorably discharged as an Army Captain in June 1999. In 2004, Jim earned the Charted Financial Analyst designation and in 2019 he earned the Certified Financial PlannerTM designation.

Jim's research interests include issues pertaining to initial public offerings, entrepreneurial finance, financial education, and real estate. He currently has a scholarship H-Index of 24. He has over 90 academic presentations and published 60 peer-reviewed articles to include articles in the Journal of Finance, Journal of Financial Economics, Journal of Business, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Business Venturing, Journal of Real Estate Economics and Finance, and Journal of Real Estate Research among others. He teaches corporate and entrepreneurial finance to university-wide students at the undergraduate and graduate levels. Along with serving as editor of the Journal of Entrepreneurial Finance, Jim is on the editorial review board of the Journal of Business Venturing. In addition to peer-reviewed articles, Jim has coauthored four textbooks: Principles of Finance: Intuition and Analysis, Financial Analysis and Management (for MBAs), Finance Skills for Managers, and Introduction to Modern Business.

Among his awards are West Point Distinguished Cadet (top 5% of Senior class in academics, physical fitness, and leadership), West Point dean's list all eight semesters, FSU Phi Kappa Phi Outstanding Graduate Scholar Award (Valedictorian), three FSU teaching awards (one college level and two university level), seven BYU teaching awards (five department level and two college level), three BYU research awards (two department level and one college level), three BYU outstanding citizen awards (one department level and two university level), four best-paper awards, 14 lead-articles, and the BYU University Young Scholar Award (university-wide).
Jim consults with firms, NGOs, entrepreneurs, angel investors, and venture capitalists. His consulting focuses on corporate finance/financial management, start-up financing, venture valuation, business plan construction, and harvest strategies. Jim also serves as an expert witness in finance-related lawsuits.

Perhaps his best accomplishment in life was when Jim married Michelle West in 1991 in the Jordan River Temple. They are the proud parents of four adult children, one granddaughter, two grandcats, and a granddog. He currently serves as a first counselor in a YSA bishopric. In his free time, Jim enjoys family activities, bodybuilding, reading, and 1980s country music.

Education

  • Certified Financial Planner, Financial Planning, CFP Board, 2019
  • Chartered Financial Analyst, Finance, CFA Institute, 2004
  • PhD, Finance, Florida State University, 1999
  • BS, Geography, United States Military Academy, West Point, 1991

Selected Publications

  • "Factors of the Desire to Become a Finance Major: An Empirical Analysis", Journal of Financial Education, Edition 1, Volume 46, 2020
  • "An Empirical Analysis of Hospital Public Equity Financing", Management in Healthcare, Edition 4, Volume 4, Pages 1-15, 2020
  • "Fundamentals of Finance: Principles and Applications. 7th Ed", Edition 7th, Page 180, Business Learning Software, Provo, UT, 2020
  • "Using Personality Assessment and Situational Queries to Understand Risk Tolerance in Emerging Adults", Journal of Investment Consulting,, Edition 1, Volume 20, Pages 63-79, 2020
  • "Planning for Retirement: Insurance versus Investing", Journal of Financial Case Research, Edition 1, Volume 18, Pages 77-88, 2019
  • "Can I Boost My GPA By Taking Online Classes? An Analysis of Online vs Traditional Class Outcomes for Five Finance Courses", Journal of Financial Education, Edition 1, Volume 43, Pages 14-31, 2017
  • "Fundamentals of Finance: Principles and Applications. 7th Ed", Edition 7th, Page 180, Business Learning Software, Provo, UT, 2017
  • "The Determinants of Student Performance in a University Marketing Class", Journal of Business Education Innovation, Edition 2, Volume 8, Pages 21-31, Elm Street Press, Salt Lake City, Utah, 2016
  • "Does Microfinance Fill the Funding Gap for Microentrepreneurs?: A Conceptual Analysis of Entrepreneurship Seeding in Impoverished Nations", International Business Research, Edition 5, Volume 8, Pages 30-42, 2015
  • "Strategically Camouflaged Corporate Governance in IPOs: Entrepreneurial Masking and Impression Management", Journal of Business Venturing, Edition 5, Volume 30, Pages 839-864, 2015
  • "Strategically Camouflaged Corporate Governance in IPOs: Entrepreneurial Masking and Impression Management", Journal of Business Venturing, Edition 5, Volume 30, Pages 839-864, 2015
  • "Experiential Learning in Personal Finance: A Principles and Applications Based Approach", Journal of Financial Education, Edition 2, Volume 41, Pages 49-79, 2015
  • "Introduction to Modern Business: The Art and Science of Creating Customer Value", Edition 1, MyEducator, Ogden, UT, 2014
  • "Regulatory Reforms and Convergence of the Banking Sector: Evidence from China", Managerial Finance, Edition 10, Volume 40, Pages 956-968, 2014
  • "SB IPOs and IPO Anomalies: An Empirical Analysis of the Small Firm Uniqueness Hypothesis", Journal of Entrepreneurial Finance, 2013
  • "REIT Going Private Decisions", Journal of Real Estate Finance and Economics, Edition 1, Volume 46, 2013
  • "Financial Analysis and Management for MBAs", MyEducator, Ogden, UT, 2013
  • "REIT Going Private Decisions", Journal of Real Estate Finance and Economics, Volume Forthcoming, This paper won the 2011 ARES Best Paper Award, 2012
  • "Efficacy of the 1992 Small Business Incentive Act", Journal of Financial Economic Policy (lead article), Edition 3, Volume 4, Pages 204-217, 2012
  • "SB IPOs and IPO Anomalies: An Empirical Analysis of the Small Firm Uniqueness Hypothesis", Volume Forthcoming, Journal of Entrepreneurial Finance, 2012
  • "Small-Firm Uniqueness and Signaling Theory", Journal of Business Economics and Finance, Edition 1, Volume 1, Pages 50-63, 2012
  • "The Desire to Acquire and IPO Long-Run Underperformance", Journal of Financial and Quantitative Analysis, Edition 3, Volume 47, Pages 493-510, 2012
  • "Why Do Firms Go Public?", Oxford Handbook of Entrepreneurial Finance, Volume Chapter 15, Pages 467-494, Douglas Cumming, 2012
  • "Insurance Theory and Challenges Facing the Development of Microinsurance Markets", Journal of Developmental Entrepreneurship, Edition 4, Volume 16, Pages 441-458, 2011
  • "Principles of Finance: Intuition and Analysis, 4th edition", Principles of Finance: Intuition and Analysis, 4th edition, Page 250, BYU Publishing, Provo, 2010
  • "Dual-Track Versus Single-Track Sell-Outs: An Empirical Analysis of Competing Harvest Strategies", Volume 25, Pages 389-402, Journal of Business Venturing, 2010
  • "Micro-IPOs: An Analysis of the Small Corporate Offering Registration (SCOR) Procedure with National Data", Journal of Entrepreneurial Finance, Edition 3, Volume 14, Pages 69-89, 2010
  • "Evaluating the Impact of Microfinance Institutions using Guatemalan Data", Managerial Finance, Volume 35, Pages 953-974 (lead article), 2009
  • "Organizational Spirituality and Community: The ABCs of an Inspiring Workplace", International Journal of Public Administration, Volume 31, Pages 420-438, 2008
  • "Initial Public Offerings: An Analysis of Theory and Practice", Journal of Finance, Volume 61, Pages 399-436, 2006
  • "Lockups Revisited", Journal of Financial and Quantitative Analysis, Edition 3, Volume 40, Pages 519-530, Cambridge University Press, 2005
  • "Concealing and Confounding Adverse Signals: Insider Wealth-Maximizing Behavior in the IPO Process", Journal of Financial Economics, Volume 67, Pages 149-172, 2003
  • "The Choice of IPO Versus Takeover: Empirical Evidence", Journal of Business, Volume 76, Pages 583-612, 2003
  • "Factors of the Desire to Become a Finance Major: An Empirical Analysis", Journal of Financial Education, Volume Forthcoming
  • "Budget Habits of College Students: An Empirical Analysis of Expectations and Realizations", Journal of the Academy of Business Education, Volume forthcoming
  • "A Pedagogical Model for Teaching Data Analytics in an Introductory Information Systems Python Course", Business Education Innovation Journal, Edition 2, Volume 12, Pages 77-88
  • "Financial Literacy among College Students: An Empirical Analysis", Journal of Financial Education, Volume Forthcoming
  • "An Empirical Analysis of Hospital Public Equity Financing", Management in Healthcare, Volume Forthcoming

Experience

Academic - Post-Secondary

  • Professor of Finance, Brigham Young University, 2010

Other

  • Editor, Journal of Entrepreneurial Finance, 2009
  • Infantry Officer, U.S. Army, 1991–1999

Awards

  • Best Paper Award, Utah Academy of Sciences, Arts, & Letters, 2017
  • Finance Department Outstanding Researcher Award, BYU Finance Department, 2017
  • Joel C. Peterson Professorship, Brigham Young University, 2015
  • Army ROTC George Q. Cannon Honoree, Brigham Young University, Army ROTC, 2015
  • Best Paper Award, Academy of Financial Education, 2015
  • Ethics Teaching Award, Brigham Young University, 2015
  • Outstanding Citizenship Award, Finance Department, Brigham Young University, 2013
  • Outstanding Paper Award, American Real Estate Society (ARES), 2011
  • BYU Army ROTC Patriot Award, BYU Army ROTC, 2010
  • USASBE Outstanding Reviewer Award, United States Association for Small Business and Entrepreneurship, 2009
  • Bateman MBA Outstanding Professor Award Nominee, Marriott School, BYU, 2008
  • Outstanding Reviewer Award, U.S. Association for Small Business and Entrepreneurship, 2008
  • Best Paper Award (for an article published in 2006) with Andy Holmes, Journal of Real Estate Research ($10,000 1st place award), 2007
  • Marriott School Finance Society Outstanding Finance Professor of the Year Award, BYU Finance Society, 2007
  • Outstanding Teaching Award, Marriott School, BYU, 2005
  • University Young Scholar Fellow, Brigham Young University, 2005
  • Outstanding Researcher Award, Marriott School, BYU, 2004
  • Outstanding Teaching Award, Department of Business Management, BYU, 2004
  • Best Paper Award ($5,000 award), Journal of Financial Research, 2003
  • Outstanding Teaching Award, BYU Finance Society, 2003
  • Phi Kappa Phi Graduate Scholar Award (Valedictorian), Florida State University, 1999
  • University Outstanding Teaching Award, Florida State University, 1998
  • Dean's List, United States Military Academy, West Point, 1988, 1989, 1990, 1998
  • Five Exceptional Achievement Awards, U.S. Army and Florida Army National Guard, 1991-, 1991
  • Expert Infantryman Badge, US Army, 1991
  • Infantry Officer Basic Course Honor Graduate, US. Army, 1991
  • Star Man (top 5% academically, physically, leadership), United States Military Academy, West Point, 1990

Administrative Assignments

  • Director — I served as the faculty director of the Peery Institute of Financial Services, focusing on supporting research, undergraduate finance curriculum, and student mentoring. — 2013–2015
  • Associate Director — I served as the Associate Department Chair and Program Director for the Finance Department. I brought in the first ever class of Finance Majors at BYU, operationalized the finance curriculum, and launched the finance major. — 2011–2013

Certificates and Licenses

  • Certified Financial Planner — CFP Board — 2019
  • Chartered Financial Analyst Designation — Chartered Financial Analyst Institute (CFAI) — 2004

BYU Citizenship

  • BYU Waffle Wednesday Club — January 2016–December 2018
  • BYU Student Housing Organization — Student Org Advisor — August 2015–December 2017
  • BYU Tuxedo Club — Student Org Advisor — May 2015–December 2017
  • Finance Department Faculty Evaluation Committee — Committee/Council Member — November 2014–December 2016
  • Faculty Director, H. Taylor Peery Institute of Financial Services — Other — March 2013–August 2015
  • BYU Veteran's Club — Student Org Advisor — January 2015
  • Finance Curriculum and Undergraduate Admissions Committee — Committee/Council Chair — January 2012–December 2014
  • MBA Energy Club — Student Org Advisor — January 2012–December 2014
  • Finance Department Teaching Committee — Committee/Council Member — September 2011–December 2014
  • Marriott School Curriculum Committee — Committee/Council Member — September 2011–December 2014
  • BYU Speaker's Bureau — Other — 2005–2014
  • Finance Major Admissions Committee — Committee/Council Member — November 2014
  • BYU Finance Society — Student Org Advisor — 2000–2012
  • BYU Army ROTC Advisory Board — Committee/Council Member — 2010
  • Undergraduate Steering Committee — Committee/Council Member — 2009–2009
  • Entrepreneurship Committee — Committee/Council Member — 2007–2008
  • CFA Scholarship Committee — Committee/Council Member — 2006
  • Finance Curriculum Committee — Committee/Council Member — 2006–2006
  • Center for Economic Self Reliance — Committee/Council Member — 2003–2005
  • Undergraduate Admissions — Committee/Council Member — 2001–2003

Professional Citizenship

  • Journal of Business Venturing, Editorial Review Board Member, 2010
  • Journal of Entrepreneurial Finance, Other, 2009
  • Financial Decisions, Editorial Review Board Member, 2002
  • US Securities and Exchange Commission, Guest Speaker, June 2017–June 2017
  • Entrepreneurship: Theory and Practice, Editorial Review Board Member, 2003–2015
  • Association for Small Business and Entrepreneurship Meeting (USASBE), Committee/Council Chair, 2010–2010
  • Financial Management Association, Committee/Council Chair, 2010–2010
  • Social Sciences and Humanities Research Council of Canada, Grant Proposal Reviewer, External, 2010–2010
  • Financial Management Association, Committee/Council Member, 2005–2005
  • Financial Education Association Meeting Program Committee, Committee/Council Member, 2003–2003
  • Financial Management Association, Committee/Council Member, 2003–2003
  • Financial Management Association, Committee/Council Member, 2002–2002
  • FMA Session Coordinator, Other, 2000–2000
  • Long Range Planning Committee, FMA 2000, Other, 2000–2000