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Robert McLeod

John S. Bickley Faculty Fellow
Professor of Finance

Economics, Finance, & Legal Studies

Phone: 205-348-8993
Email: rmcleod@culverhouse.ua.edu

Focus and Current Research

Financial Institutions and Markets, Personal Financial Planning.

Education

Ph.D. University of Texas at Austin, 1977, Finance - CFA, CFP, CLU, CVA

Honors Achievements & Affiliations

Dr. McLeod holds the professional designations of Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), Chartered Life Underwriter (CLU) and Accredited Valuation Analyst (AVA). He has served as executive director of M.B.A. Programs and Professional Education for the College, and a past president of the Academy of Financial Services. He has also served the Academy as vice president for finance and as the executive vice president for programs. Dr. McLeod is the author of Bank Credit Cards for EFTS: A Cost Benefit Analysis, and co-author of four other books. He has been published in numerous journals, including Journal of Financial Research, Journal of Banking and Finance, The Financial Review, Journal of Economics and Finance, Quarterly Journal of Business and Economics, Financial Services Review among others. He is an honorary Director of the Japan Association for Financial Planners.

Selected Publications

“Performance of Dividend ETFs During Bull and Bear Markets.” (With Srinidhi Kanuri and D. K. Malhotra.) The Journal of Index Investing. Summer 2017.

“Sustainable Competitive Advantage and Stock Performance: The Case for Wide Moat Stocks.” (With Srinidhi Kanuri.) Applied Economics. May 2016.

“An Empirical Examination of the Performance of Commodity Mutual Funds.” (With Srinidhi Kanuri and D. K. Malhotra.) The Journal of Wealth Management. Spring 2016.

“Does it Pay to Diversify Internationally: U.S. vs International ETF’s”. (With Srinidhi Kanuri.) Financial Services Review. Fall 2015.

“Performance of Alternative Mutual Funds.” (With S. Kanuri.) Financial Services Review.  Summer 2014.

“Bad News Bears: Effects of Expected Market Volatility on Daily Tracking Error of Leveraged Bull and Bear ETFs.” (With H. Holzhauer, X. Lu and J. Mehran.) Managerial Finance. December 2013.

“Determinants of Cost Efficiencies in the Closed-End Fund Industry.” (With D.K. Malhotra and Rand Martin.) Financial Services Review. Summer 2009.

 “Investment Selection and Open-and Closed-end Bond Fund Expenses.”(With D.K. Malhotra and Rand Martin.) Journal of Business and Economic Studies. No. 1, 2003.

“Closed-End Fund Expenses and Investment Selection.” (With D.K. Malhotra.) Financial Review.    February 2000.

“An Analysis of Nondeductible IRA Contributions and Roth IRA Conversions,” (With S. Horan and J. Peterson.)  Financial Services Review.  Summer 1998.

 "An Empirical Analysis of Mutual Fund Expenses.” (With D. K. Malhotra.) The Journal of Financial Research.  Summer 1997.

 "The Effect of Rule 12b-1 on Bond Fund Expense Ratios." (With D. K. Malhotra.) The Journal of Economics and Finance. April 1996.

  "A Reexamination of Equity Fund Expense Ratios and 12b-1 Plans.” (With D. K. Malhotra.) Journal of Financial Research.  Summer 1994.

 "Interest Rates and Bank Portfolio Adjustments."(With P. Thistle and B. L. Conrad.) Journal of Banking and Finance. 1989.