Terry Nixon




Academic Background

  • Ph.D. University of South Carolina, Finance, 1996
  • M.B.A. Miami University, Finance, 1986
  • B.B.A. University of Cincinnati, Finance/Management, 1984

Academic & Professional Experience

  • Professor, Miami University (2018-Present).
  • Associate Professor, Miami University (2007-2018).
  • Assistant Professor, Miami University (2001-2007).
  • Visiting Assistant Professor, Indiana University (1999-2001).
  • Assistant Professor, Florida Atlantic University (1997-1999).
  • Visiting Assistant Professor, Indiana University (1996-1997).
  • Instructor, University of South Carolina (1991-1996).
  • Research Assistant, University of South Carolina (1991-1995).

Recent Publications

  • Boulton, T. and Nixon, T.D. (2017). The Litigation of Tax Benefit Preservation Plans. Managerial Finance,43, 76-94.
  • Arnold, T. and Nixon, T. D. (2013). An Easy Method to Introduce MIRR into Introductory Finance Classes. Advances in Financial Education, 11, 70-74.
  • Leonard, D., Nixon, T. D., Shrider, D., & Shull D. (2010). Price Stabilization of Closed-End Fund IPOs. Quarterly Journal of Finance and Accounting, 49, 5-22.
  • Nixon, T. D., Roth, G., & Saporoschenko, A. (2010). An Analysis of Operating Performance and Firm Characteristics Around Open Market Share Repurchases. Journal of Finance and Accountancy, 3.
  • Nixon, T. D., Roth, G., & Saporoschenko, A. (2008). Long-Term Share Returns and Operating Performance Following Very Large, Highly Publicized, Insider Stock Purchases. European Journal of Economics, Finance and Administrative Sciences, 12, 134-142.
  • Arnold, T. & Nixon, T. D. (2006). Adding Depth to the Discussion of Capital Budgeting. Journal of Financial Education, 32, 79-90.
  • Arnold, T., Erwin, G., Nail, L., & Nixon, T. D. (2006). Do Option Markets Substitute for Stock Markets? Evidence from Trading on Anticipated Tender Offer Announcements. International Review of Financial Analysis, 15, 247-255.
  • Arnold, T., Nail, L., & Nixon, T. D. (2006). Getting More Out of Two Asset Portfolios. Journal of Applied Finance, 16 (1), 72-81.
  • Leonard, D. C., Nixon, T. D., & Shull, D. M. (2005). Marketing Closed-End Fund IPOs: An Analysis of the International Stock Funds. Financial Review, 40 (4), 497-518.
  • Arnold, T., Brooks, L., & Nixon, T. D. (2004). Understanding the Impact of Financial Decisions on Financial Statements. Advances in Financial Education, 2, 10-21.

Honors & Awards

  • 2016: MBA Teaching Award - Core Courses
  • 2012: Richard K. Smucker Teaching Excellence Award
  • 2008: MBA Teaching Award - Best Boot Camp Instructor
  • 2007: PSE Outstanding Professor
  • 2007: Richard K. Smucker Teaching Excellence Award
  • 2005: MBE Outstanding Professor

Professional Interests

  • Research: Corporate Restructuring, Agency Theory
  • Teaching: Corporate Finance, Financial Institutions, Investments

Areas of Expertise

  • Agency theory
  • Corporate finance
  • Corporate restructuring
  • Financial institutions
  • Investments


A member of the Department of Finance since 2001, Terry Nixon teaches in the area of corporate finance. Prior to joining the faculty of the Farmer School of Business, Nixon taught at Indiana University, Florida Atlantic University, and Indiana University. His research interests include corporate restructuring and agency theory.  He has published in the Financial Review, Research in International Business and Finance, Journal of Applied Finance, Applied Financial Economics, Journal of Real Estate Finance and Economics, and the Review of Quantitative Finance and Accounting.

After earning a bachelor’s degree, summa cum laude, in finance/management from the University of Cincinnati, Nixon completed an MBA in finance at Miami University. He served as a company controller/office manager for four years before entering a Ph.D. program at the University of South Carolina.


  • SPRING 2020
  • FIN 301 A MW 8:30AM-9:50AM, FSB 0005
  • FIN 301H A MW 11:40AM-1:00PM, FSB 0005
Terry Nixon

Contact Information

Office Hours

  • MW 10:15-11:15; 1:15-2:15


* Accessible version of PDF available upon request.