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Faculty Lecture to Focus on Financial Derivatives

January 13, 2012

Dr. Patricia (Foley ’73) MatthewsDr. Patricia (Foley ’73) Matthews, dean of the Division of Professional Studies at the University of Mount Union, will present the Faculty Lecture on Wednesday, February 8 at 6 p.m. in the East Room of the Hoover-Price Campus Center. She will present Derivatives: Friend or Foe?
 
Aside from her duties as dean, Matthews is the Nolen A. Cunningham Chair of Business and professor of economics, accounting and business administration, and she oversees the Investment Team.
 
According to Matthews, financial derivatives have become the talk of Wall Street and beyond in recent times due to serious financial losses suffered by state and local governments, well-known corporations, financial institutions and investment firms that have invested in these products. Derivatives, however, are not the instruments of evil as portrayed by the financial commentators and lawmakers. They remain a type of financial instrument that few understand and fewer still fully appreciate. Many have unknowingly invested in these products as part of our investment portfolios. In a way, derivatives are like fire. When properly used, they can provide a great benefit, but if they are mishandled or misunderstood, the result can be catastrophic. Derivatives are not inherently “bad.” When understood and responsibly managed, financial derivatives can be essential tools in risk management. Matthew’s lecture will attempt to familiarize the audience with what financial derivatives are and how they can be used to effectively manage risk.
 
A member of the Mount Union faculty since 1975, Matthews earned a Bachelor of Science degree in mathematics and French from Mount Union. She also earned a Master of Arts degree in economics and a Doctor of Business Administration degree, both from Kent State University.
 
Each year, a member of the University of Mount Union faculty is selected to give a special lecture relating to interesting or important developments in his or her own field or exploring matters of general concern to the faculty.
 
The lecture is free and open to the public. For more information, contact the Office of Alumni Relations and University Activities at (330) 823-2030 or alumni@mountunion.edu.
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