Associate Professor of Finance
Dr. Pactwa received her B.B.A. in Economics from the University of Iowa, her M.S. in Finance from Drexel University, and her Ph.D in Finance from Florida International University. Her dissertation is entitled
Using Extreme Value Theory to Value Stock Market Returns. She is the co-author of the book The Return Generating Models in Global Finance, as well as two chapters in books, and several journal articles. A recent article, "Selecting a Portfolio with Skewness: Recent Evidence from U.S., European, and Latin American Equity Markets," was published in the Journal of Banking and Finance.
Dr. Pactwa has also been honored for her research by receiving the Best PhD Paper Award at the Southern Finance Association's annual meeting in November 1996, in Key West, FL and the 2003-2004 Outstanding Research Contribution of the Year for the Tobin College of Business at St. John's University.
At the corporate-level, Therese has also held various positions in the commercial banking industry. She began her career as a commercial credit analyst for Princeton Bank (which became Chemical Bank, which is now part of JPMorganChase) and became a commercial lender. After receiving her MS in Finance, Chemical promoted her to Assistant Chief of Staff. She then became the Chief Credit Officer at Regent National Bank in Philadelphia, PA.
203-A Spellman Hall
Staten Island Campus
Department of Economics and Finance
300 Howard Avenue
Staten Island, NY 10301.
Also available by appointment.
"Using Extreme Value Theory to Value Stock Market Returns." Successfully defended on July 11, 2001. Published by UMI Dissertation Services, Catalog No. 3025236, Volume 0-493-37629-1.
The Return Generating Models in Global Finance by Arun J. Prakash, Robert M. Bear, Gauri L. Ghai, Therese E. Pactwa and Ali M. Parhizgari (1999). Published by Elsevier Science Limited, Oxford, England. Part of the Series in International Business and Economics, ISBN 0-08-043058-9.
Peer Review Journals
"Selecting a Portfolio with Skewness: Recent Evidence from U.S., European, and Latin American Equity Markets," by Arun J. Prakash, Chun-Hao Chang, and Therese E. Pactwa, (2003) Journal of Banking and Finance, 27 (July), 1375-1390.
"Weighted Average Cost of Capital: Specification and Conceptual Review," by Krishnan Dandapani,
Karen Duhala, Therese E. Pactwa, and Arun Prakash (1995), Finance India, 9(2), June, 397-419.
"The Market Model: An Annotated Review," by Therese E. Pactwa, Robert M. Bear, Krishnan Dandapani and Arun J. Prakash (1995). Finance India, 9(1), March, 1-41.
"Selecting a Portfolio with Skewness: Recent Evidence from Latin American Equity Markets," by Arun J. Prakash, Therese E. Pactwa, Chun-Hao Chang, and Michael Sullivan (2001). In Global Financial Markets at the Turn of the Century, edited by I. Meric and G. Meric, Elsevier Science Ltd., London, Series in International Business and Economics 18, pp. 151-160.
"Portfolio Performance Measures: A Brief Survey and Hypothesis Testing," by Gauri L. Ghai, Therese E. Pactwa and Arun J. Prakash, in Decision Making: Recent Developments and Worldwide Applications, edited by S.H. Zanakis, G. Doukidis and C. Zopounidis, Kluwer Academic Publishers, Dordrecht, The Netherlands, 2000, pp. 143- 153. Also presented at Integrating Technology and Human Decisions: Global Bridges into the 21st Century, 5th International Conference of the Decision Sciences Institute, Athens, Greece, July 4-7, 1999.