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Rick Walton Assistant Professor of Finance

Rick Walton, PhD

Assistant Professor of Finance
Graziadio Business School


Dr. Richard Walton is an assistant professor of finance at the Pepperdine University Graziadio Business School. He earned a PhD in finance from the W. P. Carey School of Business at Arizona State University, an MBA from London Business School and a BA in philosophy, politics and economics from Oxford University. His research interests are primarily in the realm of empirical corporate finance with a focus on corporate governance, corporate takeovers and behavioral finance. Dr. Walton has over fifteen years of professional experience in Hong Kong, the UK and Germany covering a diverse range of finance functions including venture capital, investment banking, marketing finance and financial control.


  • PhD, W. P. Carey School of Business, Arizona State University, 2016.

  • MBA, London Business School, University of London, 1997.

  • BA, Philosophy, Politics & Economics, University of Oxford, 1991.

Published Intellectual Contributions

  • Corporate Social Responsibility and Stock Split.
    Review of Quantitative Finance & Accounting, 2018 Aug 29 (online), print edition forthcoming in 2019.
    M. Harjoto, D. Kim, I. Laksmana, R. Walton
    (with support of Julian Virtue Professorship Award 2017-2019)
  • It Is Not Optimism When You Know You Are Right: CEO Optimism and Self-Attribution.
    Journal of Accounting & Finance, Vol 18 (8) 2018
    R. Walton, A. Park, M. Harjoto
    (with support of Julian Virtue Professorship Award 2017-2019)
  • How Religious Beliefs Influence Financial Decision-Making: Implications for Business Leaders. Graziadio Business Review, 20(3), 2018.
    J. Anderson, J. Forsyth and R. Walton 

Unpublished Papers Submitted to Conferences, Journals:

  • Why Profit Maximization May Be Bad For Shareholders
    J. Forsyth, J. Salas, R. Walton
    (with support of Julian Virtue Professorship Award 2017-2019)
  • Agency Mitigation and the CFO.
    R. Walton
    (with support of Julian Virtue Professorship Award 2017-2019)
  • 50th Anniversary Research Award, Pepperdine Graziadio Business School, 2019.
  • Julian Virtue Professorship Award, Pepperdine University, 2017-2019.
  • Best Corporate Finance Paper Award, Southwestern Finance Association Annual Conference, 2018.
  • Best Paper Award, London Business Research Conference, 2017.