James Nielsen

Emeritus Appointment
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Austin Hall

Austin Hall 443

2751 SW Jefferson Way

2751 SW Jefferson Way
Corvallis, OR 97331
Ph.D. University of Colorado, 1972 Finance, Accounting, Management Science
M.B.A. University of Colorado, 1969 Finance
B.M.E. General Motors Institute, 1967 Mechanical and Electrical Engineering

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Affiliated with: 
College of Business
Research/Career Interests: 

Jim Nielsen is an Emeritus Professor of Finance in the College of Business at Oregon State University. He has over 30 years of teaching experience in the areas of corporate finance and banking. In addition to publishing a number of articles in banking and finance journals, he has conducted numerous seminars on commercial lending and business finance in the Northwest.



"Is the Book-to-Market Ratio a Measure of Risk?," Journal of Financial Research, Volume 28, Number 4, Winter 2005, pp. 487-502, (with R. Peterkort).

“The Evolution of Commercial Banking in Georgia, 1991 -2001,” Post-Communist Economies, Volume 15, Number 1, March 2003, pp. 47-73, (with D. Amaghlobeli and J. Farrell).

“Company Performance, Corporate Governance, and CEO Compensation in Norway and Sweden,” Journal of Management and Governance, Volume 6, Number 1, 2002, pp. 57-81, (with T. Randoy).

“An Investigation of Cultural Cohesion in a Community Bank,” The International Journal of Human Resource Management, Volume 13, Number 4, June 2002, pp. 677-696, (with B. Payne and K. Lewis-Tyran).

“The Bank Selection Process and Market Definition in Australia,” Journal of Financial Regulation and Compliance, Volume 10, Number 1, February 2002, pp. 22-30, (with R. Jones and R. Trayler).

“Using Decision Trees to Manage Capital Budgeting Risk,” Management Accounting Quarterly, Volume II, Number 2, Winter 2001, pp. 14-17, (with J. Bailes).

“Board Independence and Compensation Policies in Large Bank Holding Companies,” Financial Management, Volume 29, Issue 3, Autumn 2000, pp. 51-79, (with C. Mishra).

“How Small Business Firms Select a Bank: Comparisons Between the United States and Australia,” Journal of Financial Services Marketing, Volume 5, Number 1, September 2000, pp 73-85, (with R. Trayler and R. Jones).

“Family Businesses and Banks: A Comparison of Expectations,” The Best of the Family Firm Institute Conference Proceedings, Volume IV: The Best of Finance, Family Firm Institute, Boston, 2000, pp. 15-25, (with B. Brown and R. Trayler).

"The Association Between Bank Performance, Board Independence, and CEO Pay-Performance Sensitivity,” Managerial Finance, Volume 25, Number 10, 1999, pp. 22-33, (with C. Mishra).

“Business Banking in Australia: A Comparison of Expectations,” The International Journal of Bank Marketing, Volume 16, Number 6, 1998, pp. 253-263, (with C. Terry and R. Trayler).

“How Forest Product Companies Analyze Capital Budgets,” Management Accounting, October 1998, pp. 24-26,28,30, (with J. Bailes and S. Lawton).

“Developing Efficient Financial Institutions in Russia,” Communist Economies & Economic Transformation, Volume 10, Number 1, March 1998, pp. 81-93, (with J. Bald).

“The Bank Selection Process: A Comparison of Australia and the United States,” Economic Papers, Volume 16, Number 4, December 1997, pp. 1-10, (with R. Trayler and R. Jones).

“Real Estate Lending Activities of Commercial Banks Under Superfund,” Real Estate Law Journal, Spring 1996, pp. 358-367, (with A. Mukatis).

“Tenure Characteristics of Outside Directors and Financial Performance: Results from the Banking Industry,” American Business Review, Volume XIV, January 1996, pp. 89-96, (with M. Fiegener and J. Sisson).

“Banking Expectations: Do Bankers Really Understand the Needs of the Small Business Customers?”  The Journal of Small Business Finance, Volume 4, 1995, pp. 99-112, (with R. Trayler and B. Brown).

"Divergent Views in the Bank Selection Process," American Business Review, Volume XII, May 1994, pp. 62-68, (with R. Trayler and B. Brown).

"What Your Banker Needs to Know," Family Business, Summer 1993, pp. 50-53, (with B. Brown and R. Trayler).

"Multiple Internal Rates of Return: A Revisitation," Review of Financial Economics, Spring 1993, pp. 85-97, (with J. Sisson).

"Secured Lending in Oregon Under Superfund," The Secured Lender, November/December 1992, pp. 56-66, (with A. Mukatis).

"Boards of Directors in the Family-Owned Business," Akron Business and Economic Review, Fall 1991, pp. 88-96, (with P. Frishkoff).

"Trading Small Bank Stocks: Historical Evidence From the West Coast," Western Banker, January/February 1991, pp. 43-48.

"A Cash Conversion Cycle Approach to Financial Forecasting," Journal of Education for Business, May 1990, pp. 359-362.

"The Role of the Small-Bank Director," Pacific Banker, December 1985, pp. 17-18, (with J. Malcom).

"A Cost of Funds Project as a Learning Vehicle in the Bank Management Course," Journal of Education for Business, Volume 61, December 1985, pp. 114-116.

"Collegiate Education for Business in 1980's: Challenges and Opportunities,"  The Collegiate Forum, Spring 1984, pp. 12-13, (with  Becker, Gottko, King, Seville, and Woodworth).

"Internship Program Gives Banks an Employee Screening Device," Pacific Banker and Business, June 1982, p. 17.

"Trading Small Bank Stocks: An Oregon Case Study," Journal of Bank Research, Volume XIII, Spring 1982, pp. 49-52.

"Working Capital Management Revisited," The Financial Planner, Volume VIII, November 1979, pp. 51-56.

"Capital Budgeting in the Forest Products Industry," Management Accounting, July 1979, pp. 46-51, (with J.C. Bailes and S. wendell).

"Financial Factors that Affect Acquisition Prices," Review of Business and Econom­ics Research, Volume XIII, Winter 1977/1978, pp. 96-106, (with R. Melicher).

"An Empirical Test of the Larson-Gonedes Exchange Ratio Determina­tion Model," Journal of Finance, Volume XXXII, June 1977, pp. 749-759, (with R. Conn).

"Empirical Evidence on Institutional Timing Abilities," The Financial Review, Spring 1977, pp. 36-47.

"The Effects of Interest Rates on Utility Share Prices," Review of Business and Economic Research, Volume XII, Winter 1976/1977, pp. 35-43, (with M. Joehnk).

"Return and Risk Characteristics of Speculative Grade Bonds," Quarterly Review of Economics and Business, Volume XV, Spring 1975, pp. 27-46, (with M. Joehnk).

"The Growth of Block Trading and its Impact on Economics Efficiency on the NYSE," Journal of Business Research, Volume II, July 1974, pp. 325-334, (with R. Hayen).

"New Data Shows the Small Investor is Right," The Commercial and Financial Chron­icle, Monday, May 6, 1974, pp. 4 and 6.

"The Effects of Conglomerate Merger Activity on Systematic Risk," Journal of Financial and Quantitative Analysis, Volume IX, March 1974, pp. 215-225, (with M. Joehnk).

"Further Evidence on the Effects of Block Transactions on Stock Price Fluctua­tions," Mississippi Valley Journal of Business and Econom­ics, Volume IX, Winter 1973-74, pp. 27-34, (with M. Joehnk).

"A Financial Analysis of Acquisition and Merger Premiums," Journal of Finan­cial and Quantitative Analysis, Volume VIII, March 1973, pp. 139-148, (with R. Melicher).


Monographs/Technical Reports:

Project Author, Banking Terminology, 3rd Edition, American Bankers Association, Washington, DC, 1989, 409 pages.


Beyond OSU

Dr. Nielsen's educational background includes a bachelor's degree in mechanical engineering from General Motors Institute and MBA and PhD degrees from the University of Colorado. He has been the Education Coordinator for the Oregon Financial Institutions Education Association, Faculty Fellow at both the Pacific Coast and Stonier Graduate Schools of Banking, Education Director of the Northwest Intermediate Banking School and the Northwest Intermediate Commercial Lending School, and Director of Education of the California Banking School. 


Oregon State University, College of Business:

2003-present Emeritus Professor of Finance (teaching half time)

1983-2002 Professor of Finance

1977-1982 Associate Professor of Finance

1974-1976 Assistant Professor of Finance

University of Wyoming, College of Business:

1971-1974 Assistant Professor of Finance

Oregon Executive MBA Program:

1998-2002 Professor of Finance

Aomori Public College, Aomori, Japan:

2003 Visiting Professor, Graduate School of Management and Economics

Kasetsart University, Bangkok, Thailand:

1998-2000 Visiting Professor, International MBA Program

Aarhus School of Business, Aarhus, Denmark:

1995 Visiting Professor, Department of Finance


Oregon State University, College of Business:

1990-1991 Acting Chairman, Department of Finance

My Publications

I currently have no publications listed within this site.