James R. Garven
Frank S. Groner Memorial Chair of Finance; Professor; Director of the Risk Management and Insurance Program
Professional Summary
James Garven is a professor of Finance and Insurance and the holder of the Frank S. Groner Memorial Chair of Finance. He earned a PhD in Finance from the University of Illinois at Urbana-Champaign. Garven has served as director of Baylor’s Risk Management and Insurance Program since 2000.
Prior to joining the Baylor faculty in 2000, Garven held academic positions at Pennsylvania State University, University of Texas at Austin and Louisiana State University. He has published papers in risk leading management and insurance and finance journals including Insurance Mathematics and Economics, Journal of Risk and Insurance, Journal of Business, Journal of Finance and Journal of Financial Intermediation. His current research interests primarily involve the application of finance and economics to the analysis, pricing, and management of risk.
Garven is a past president of two professional academic organizations: the American Risk and Insurance Association and the Risk Theory Society, and he currently serves as an associate editor of Geneva Risk and Insurance Review.
Education
- 1984 – PhD, Finance - University of Illinois at Urbana-Champaign, Champaign, Illinois
- 1980 – MBA - Illinois State University, Normal, Illinois
- 1977 – BS - Illinois State University, Normal, Illinois
Courses
- FIN 4335 – Business Risk Management
- FIN 4366 – Options, Futures, and Other Derivatives
Research Interests
- Financial Economics
- Insurance Economics
- Risk Management and Insurance
Selected Publications
- Dicks, D. L., & Garven, J. R. (2022). Asymmetric information and insurance cycles. Journal of Risk and Insurance, 89(2), 449-474.
- Garven, J. R., & Lamm-Tennant, J. (2003). The demand for reinsurance: Theory and empirical tests. Insurance and Risk Management, 7(3), 217-237.
- Garven, J. R., & Loubergé, H. (1996). Reinsurance, taxes, and efficiency: a contingent claims model of insurance market equilibrium. Journal of Financial Intermediation, 5(1), 74-93.
- Doherty, N. A., & Garven, J. R. (1995). Insurance cycles: Interest rates and the capacity constraint model. Journal of Business, 383-404.
- Doherty, N. A., & Garven, J. R. (1986). Price Regulation in Property‐Liability Insurance: A Contingent‐Claims Approach. The Journal of Finance, 41(5), 1031-1050.
