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Rick Walton Assistant Professor of Finance

Rick Walton, PhD

Assistant Professor of Finance
Graziadio Business School

Biography

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.

Education

  • 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

  • The benefits of hiring a STEM CEO: Decision making under innovation and real options. 
    Alderman, J., Forsyth, J., Griffy-Brown, C., & Walton, R. C. (2022). Technology in Society, 102064.
  • What Tips the Scale in Favor of Hiring a CEO with a Legal Background? From Giving Counsel to Making Decisions. 
    Alderman, J., Forsyth, J., Griffy-Brown, C., & Walton, R. C. (2022). Journal of Law, Business & Ethics, 28, 1.
  • What Do the Consequences of Environmental, Social and Governance Failures Tell Us about the Motivations for Corporate Social Responsibility? 
    Walton, R. (2022). International Journal of Financial Studies, 10(1), 17.
  • Are Narcissistic CEOs a Blessing or a Curse? 
    Alderman, J., Forsyth, J., Griffy-Brown, C., & Walton, R. (2020). Graziadio Business Review 2020 Volume 23 Issue 2, (2).
  • 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 

Working Papers:

  • Examining the Impact of Gender Influence Within the Top Management Team on Firm Performance and Firm Risk.
    R. Walton and M. Tribbitt
  • Agency Cost Mitigation and the CFO. 
    R. Walton
    (with support of Julian Virtue Professorship Award AY2017-2018)
  • Beyond Marginal Revenue Equals Marginal Cost. 
    J. Forsyth and R. Walton.
  • Do CEO Hiring and Dividend Policies Align? Exploring Dividend Policies of Public Firms that Hire Their CEO from Private Firms. 
    J. Alderman, J. Forsyth, C. Griffy-Brown and R. Walton.
  • 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.