Education
- Ph.D., Finance, University of Missouri, 2017
- M.A., Mathematics, University of Northern Iowa, 2011
- B.A., Accounting and Mathematics, Mount Mercy University, 2007
Research Interests
Hedge Fund Activism, Corporate Governance, Financial Intermediaries
Publications
Flugum, Ryanand Matthew Souther, 2023, Stakeholder Value: A Convenient Excuse For Underperforming
Managers, Journal of Financial and Quantitative Analysis
1-34.
Flugum, Ryan, Choonsik Lee, and Matthew Souther, 2023, Shining a Light in a Dark Corner: EDGAR Search
Activity Reveals the Strategically Leaked Plans of Activist Investors, Journal of Financial and Quantitative
Analysis
58 (7), 2820-2851.
Flugum, Ryan, Choonsik Lee, and Matthew Souther, 2023, What Happens in Vegas Stays in Vegas? Firsthand
Experience and EDGAR Search Activity in Las Vegas Casino Hotels, Financial Management
52 (3), 409-432.
Bick, Patty and Ryan Flugum,2022, Money Isn’t Everything: Compensation of Locally Educated Executives,
Journal of Corporate Finance
74.
Flugum, Ryan,Svetlana Orlova, Andrew Prevost, and Li Sun, 2021, Distracted Institutions, Information
Asymmetry, and Stock Price Stability, Journal of Business Finance and Accounting
48 (9-10), 2015-2048.
Berns, John, Patty Bick, Ryan Flugum,and Reza Houston, 2021, Do Changes in MD&A Section Tone PredictInvestment Behavior?, The Financial Review 57 (1), 129-153.
Flugum, Ryan, 2021, The Trend is an Analyst’s Friend: Analyst Recommendations and Market Technicals,
The Financial Review
56 (2), 301-330.
Flugum, Ryanand Matthew Souther, 2020, External Monitoring and Returns to Hedge Fund Activist Campaigns,
Review of Financial Economics
38 (1), 97-140.
Flugum, Ryanand John S. Howe, 2020, Hedge Fund Activism and Analyst Uncertainty,
International Review of Economics and Finance
66, 206-227.
Flugum, Ryan,Joel Harper, and Li Sun, 2020, Employee Performance and Corporate Cash Holdings,
International Journal of Managerial Finance
17 (1), 97-117.
Presentations and Awards
George Washington Foundation Chair 2024 -
University of Northern Iowa College of Business Distinguished Scholarship Award 2022-2023
University of Northern Iowa College of Business Tim Williams Faculty Fellow 2022-2023
University of Northern Iowa College of Business Distinguished Teaching Award 2022
University of Northern Iowa Student Admissions Ambassadors (SAA) Apple Polisher Teaching Award 2020
Bio
Ryan Flugum is an Assistant Professor of Finance at Ohio University's College of Business. Previously, he held faculty positions at the University of Northern Iowa and the University of Tulsa. Dr. Flugum earned his Ph.D. in Finance from the University of Missouri.
Dr. Flugum's research spans corporate finance, institutional investment, and financial markets. He has published in leading academic journals, including the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Financial Management, and the Financial Review. His notable works include studies on stakeholder value, EDGAR search activity, and hedge fund activism. His research has been featured in outlets such as the American Finance Association (AFA), Financial Management Association (FMA), Columbia Law School Blue Sky Blog, Harvard Business Review, and CNN Opinion, and cited by the US Senate and the SEC.
In the classroom, Dr. Flugum teaches a wide range of finance courses at both undergraduate and graduate levels, including Investments, Options and Futures, Fixed Income Analysis, and Intermediate Financial Management. His dedication to teaching has earned him multiple awards, including the UNI College of Business Distinguished Teaching Award.
In his spare time, Ryan enjoys spending time with his wife and two children, playing golf, and enjoying the outdoors