IN for Faculty and Staff IN for MBA Students
 
"Unless a company is about to go out of business, its value is in the income stream it generates, and its assets are simply a necessary means to this end. The best possible company would be one that produced income without any assets. Short of this fantasy, financial performance improves as asset turnover rises."

 

 

 

 
Robert Higgins
Professor of Finance
Marguerite Reimers Endowed Faculty Fellow

PhD, Stanford University, 1969
MBA, Harvard University, 1965
BS, Stanford University, 1963


Phone:   
 206-543-4379 Mailing Address:
Fax:
 206-543-7472 Michael G. Foster School of Business
Office:
Email:
 306 Mackenzie
rhiggins@u.washington.edu
 Finance Department
Box 353200
Seattle, WA 98195-3200
     


Specialties

    Financial management, international financial management, managing growth, risk management, mergers, capital budgeting and planning, business valuation.

Positions Held

    At the University of Washington since 1967
    Visiting Professor at Koblenz School of Corporate Management in Germany (1995, 1999)
    Visiting Professor at University of Virginia (1992-93)
    Visiting Professor at IMEDE in Lausanne, Switzerland (1974-75)
    Visiting associate professor at Stanford (1972)

Selected Publications

  • "Best Practices in Estimating the Cost of Capital: Survey and Synthesis, Financial Practice and Education, Spring/Summer 1998, pp. 13-28. Reprinted in Bruner, Robert F., Case Studies in Finance, 3rd ed., Irwin McGraw-Hill, 1999, pp. 156-179.

  • Analysis for Financial Management, 5th ed., Irwin (1998).

  • "Managing the Growth-Financial Policy Nexus in Retailing," with R. Kerin, Journal of Retailing, Fall 1983.

  • "How Much Growth Can a Firm Afford," Financial Management, Fall 1977.

Current Research

    Corporate foreign exchange exposure.

Honors and Awards

    Lex N. Gamble Family Award for Excellence in Case Development and Curriculum Innovation (2008)
    Executive MBA Excellence in Teaching Award, North America option (2008)
    Executive MBA Excellence in Teaching Award, Regional option (2006, 2008)
    Evening MBA Elective Professor of the Quarter for Winter (2005)
    PACCAR Award for Teaching Excellence (2003)
    MBA Elective Professor of the Year (2003)
    MBA Elective Professor of the Quarter for Winter (2003)
    UW Alumni Fund Award, Burlington Northern Foundation Faculty Achievement Award (1991)
    Seven MBA Professor of the Year Awards
    Five EMBA Excellence in Teaching Awards

Selected Consulting Experience

  • Seafirst Bank, Wells Fargo Bank, and Bank of America, bank lending decisions.
  • Various companies, corporate finance and international financial management.
  • Various companies, expert witness on business valuation and capital costs in regulated industries.

Academic Service

    Academic director of MBA programs (1996-99)
    Education director of Pacific Coast Banking School (1984-95)
    Associate Dean for Academic Programs (1984-87)
    Director of the Center for the Study of Financial Management (1990-93)
    Managing editor of Journal of Financial and Quantitative Analysis (1979-84)
    Associate Editor of Global Finance Journal (1989-91)




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