James R. Haltiner, Ph.D.

James Haltiner, Ph.D.

Vice Chairman & Consultant

Biography: 

Jim has been a consultant with the firm since 1976. He focuses on valuation models and portfolio risk analysis. He is a Professor at the College of Wil­liam and Mary Graduate Business School where he has taught since 1976, and was an Assistant Professor at the University of Virginia’s Darden School of Business from 1974-1976. From 1987-1993 he has served as a member of the Investment Advisory Committee of the Virginia Retirement System. He received a BA in Mathematics in 1969 from the University of Virginia, where he was an Echols Scholar. He also received an MBA in 1971 and a DBA in 1975 from the University of Virginia.

Publications: 

Articles

"Attrition Revisited," Public Utilities Fortnightly, vol 163 #3, Feb. 2, 1989. (with E. L. Flippen)
"Portfolio Capital Gains Disbursement Strategies," The Financial Review, May, l982. (with W. Bauman)
"Inflation Gains and Losses on Monetary Items: An Empirical Test," Journal of Business Finance and Accounting, Winter, l980. (with R. Bloom, W. Hawthorne, and P. Elgers)
"Beta Regression Tendencies: Statistical and Real Causes," Journal of Finance, March, l979. (with P. Elgers, W. Hawthorne)
"The Capital Asset Pricing Model and Utility Equity Returns," Public Utilities Fortnightly, July, l978. (with R. Vandell and J. Malernee)
"The Association of Financial Leverage Change and Asset Growth with Returns to Common Equity," Proceedings Issue of the American Accounting Association, August, l977, Portland, Oregon. (with R. Bloom, P. Elgers, and W. Hawthorne)

Abstracts

Abstract in the FMA International's Contemporary Financial Digest, Fall 2001, on "The Rationality of Asset Allocation Recommendations" by Edwin Elton & Martin Gruber, Journal of Financial and Quantitative Analysis, Vol. 35, No. 1, March, 2000.
"Timing The Market With Value Oriented Vs. Growth Oriented Stock Selection Strategies," presented at the Decision Sciences Institute meeting, Honolulu, November 1986.
"A Definitional Bias in the Pricing of Electric and Gas Utility Equities: A Theoretic and Empirical Study of Disequilibrium in the Capital Markets," presented at the American Institute of Decision Sciences meeting, Las Vegas, November, l980. (with S. Levkoff and F. Robeson)
"Non Pareto Optimality in the Capital Markets: The Case of Electric and Gas Utility Equity Securities," presented at the Financial Management Association annual meeting in New Orleans, October, l980. (with S. Levkoff and F. Robeson)
"Re-Assessing Beta Estimation Procedures: Alternative Bayesian Regimes, Random Coefficients, and Accounting Fundamentals," presented at Eastern Finance Association annual meeting, Savannah, Georgia, April, l980. (with S. Levkoff and P. Elgers)
"Capital Budgeting Techniques and Uncertain Inflation," presented at the Southern Finance and Economic Association Meetings, November, l978, Washington, D. C. (with R. Flood)
"Inflationary Expectations, Financial Leverage and Shareholder Wealth," presented at the Eastern Finance Association Meetings, April, l978, Atlanta, Georgia. (with R. Bloom, P. Elgers, and W. Hawthorne)
"The Influence of Financial Leverage Changes on Security Market Returns," presented at the Eastern Finance Association Meetings, April, l977, Boston, Massachusetts. (with R. Bloom, P. Elgers, and W. Hawthorne)
"Systematic Risk is Not Systematic," presented at the Western Finance Association Meetings, June, l976, San Francisco, California. (with R. Vandell)
"Portfolio Total Return and the Income Disbursement Problem," presented at the Eastern Finance Association Meetings, April, l976, Valley Forge, Pennsylvania. (with W. Bauman)

Textbooks

"Short and Long Term Debt," Chapter B6 in Controller's Business Advisor, Warren, Gorham & Lamont, New York, 1994, pp. 1-29. [Revision in 1997] (with J. Strong)
"Investments: Analysis and Management," Instructor’s manual, by D. Hayes and W. Bauman, MacMillan and Co., l976.