Stephen E. Wilcox, Ph.D., CFA

    Professor of Finance   

    Minnesota State University, Mankato

    Mailing address: 150 Morris Hall, Mankato, MN, 56001

    Office: MH 146

    Office hours: Mondays and Wednesdays: 8:30-10:30 a.m.

                           Tuesdays and Thursdays: 9:15-10:45 a.m.

                                                                       3:15-4:45 p.m.

    Phone: 507-389-5429

    Fax: 507-389-5497




Useful links:

Minnesota State University, Mankato:

  Minnesota State University, Mankato                       College of Business                                                 MBA program

  College of Business Advising Center                        Department of Finance                                             Finance Club   


  Financial Planning Certificate Program



Recent syllabi for courses I teach:


 FINA 462 Strategic Financial Management              FINA 463 Security Analysis                                     



My recent scholarly activity:


 PDF for "The Adjusted Earnings Yield" appearing in the September/October 2007 issue of the Financial Analysts Journal.



Spreadsheet file with the adjusted earnings yield series for the U.S. equity markets as defined in "The Adjusted Earnings Yield."



PDF for "Adjusted Earnings Yields and Real Rates of Return" appearing in the September/October 2009 issue of the Financial Analysts Journal.



Wiley website for Investments: Principles of Portfolio and Equity Analysis (2011).  I co-authored Chapter 10 and Chapter 11 in this book.

        Chapter 10 is a required reading for the 2011 Level I CFA Program Curriculum and Chapter 11 is a required reading for the 2011 Level III CFA Program Curriculum.

        PDF for Chapter 11 entitled "Equity Market Valuation."


PDF for "A Cautionary Note About Robert Shiller's CAPE" appearing in the September 2011 issue of the AAII Journal.



PDF for "Equity Valuation and Inflation: A Review" appearing as a literature review for the Research Foundation of CFA Institute, January 2012.



Website link for "Equity Price Sensitivity and Expected Inflation" appearing in the Fall 2012 issue of the Journal of Investing.



Chart book (usually updated by the second week of every month):


PDF for charts pertaining to the U.S. markets and economy.  I frequently make use of these charts in class or when making public presentations.



Information regarding career opportunities in Finance:                                                                            FINS



Information regarding investment professional certifications:


  Chartered Financial Analyst (CFA)                          Certified Financial Planner (CFP)                             FINRA exams (Series 6, 7, etc.)