Terry Campbell

Associate Professor
Director of MS in Finance

Department: Finance
Campus Address: 311 Purnell Hall
Newark, DE 19716
Phone: 302-831-6411


Research Interests:

  • Corporate Governance
  • International Finance
  • Corporate Finance


  • Ph.D. - The Pennsylvania State University, Major: Business Administration, Financial Economics, 1998
  • MBA - Babcock Graduate School of Management, Wake Forest University, 1994
  • BS - The Pennsylvania State University, Major: Economics, 1991


  • "Venture capitalist involvement and the long-term performance of IPOs" (with M. Frye), 2006.  Journal of Private Equity 10 7-17.
  • “Incentive compensation for bank directors: The impact of deregulation” (with D. Becher and M. Frye), 2005.  Journal of Business 78 1753-1777.
  • “Corporate governance of Japanese banks” (with C. Anderson), 2004. Journal of Corporate Finance 10 327-354. (lead article)
  • “Bank mergers, the market for bank CEOs, and managerial incentives” (with C. Anderson and D. Becher), 2004. Journal of Financial Intermediation 13, No. 1, 6-27. (lead article)
  • “Interstate banking deregulation and the changing nature of bank mergers” (with D. Becher), 2005. Journal of Financial Research 28 1-20. (lead article).
  • “Bank monitoring, firm performance, and top management turnover in Japan (with C. Anderson, J. Narayanan, and G. Mandelker), 2003.  Advances in Financial Economics 8 1-27. (lead article)
  • “Corporate Governance in South Korea: the Chaebol Experience” (with P. Keys), 2002. Journal of Corporate Finance 8, No. 4, 373-391.
  • “Restructuring the Japanese Banking System: Has Japan Gone Far Enough?” (with C. Anderson), 2000, International Review of Financial Analysis 9, No. 2, 197-218.
  • “Corporate Governance in South Korea: Implications for Future Research”, 2001, Research in International Business and Finance 15, Issues in International Corporate Control and Governance, 261-272.
  • "Executive Compensation and the Horizon Problem: A Synthesis of the Economics of Aging and Decision Management" (with J. McGinnis, J. Miles, and S. Michelle Chu), 1999, Managerial Finance 25, No. 10, 34-49

Awards & Honors

  • Summer 2006, GUR Grant and partial Department of Finance Summer Research Grant.
  • Summer 2005, Department of Finance Summer Research Grant.
  • Summer 2003 and 2004, College Summer Research Grant.
  • Summer 2002, partial College Summer Research Grant award and GUR Grant.
  • Recipient: Best Paper in International Finance, 1999 Eastern Finance Association Meeting.
  • Lerner College of Business and Economics Dean’s Advisory Committee, faculty representative, 2006-present.
  • Department Recruiting Committee, 2006-present.
  • MBA Leadership Committee, 2006-present.
  • College MBA Committeee, College of Business Administration, University of Delaware, 2004-present.
  • Undergraduate Programs Review Committee, University of Delaware, 2000-present.
  • College Curriculum Committee, College of Business Administration, University of Delaware, 1999-2003.
  • Undergraduate Curriculum Committee, Department of Finance, University of Delaware, 2001-2003.
  • Student Teacher Evaluation Committee, College of Business and Economics, University of Delaware, 2002-present.
  • International Committee, College of Business and Economics, University of Delaware, 2003-present.
  • Doctoral Committee, Outside member for Department of Economics, 1999-present.
  • Referee for: Journal of Business, Journal of Corporate Finance, Financial Review, Eastern Economic Journal, and the Quarterly Review of Economics and Finance


  • International Finance
  • Financial Markets
  • Financial Management

The Lerner College is home to a state-of-the-art financial trading facility, the $1.4 million student-led Blue Hen Investment Fund, a student-managed restaurant and hotel, a high-technology development center of a global bank and a start-up experience for students with new business ideas.

Lerner College faculty - like Anu Sivaraman, who is among Social Media Marketing Magazine’s “Top 100 Marketing Professors on Twitter” and’s “Top 50 Marketing Professors on Twitter” - are thought leaders who command attention from influential business audiences, economists and policy makers.

All Lerner College departments offer experience-driven learning and emphasize evidence-based analytics methods to enrich the student experience. Here, finance students visit New York City’s financial districts for a first-hand look at markets trading and to meet with UD alumni.

Charles W. Horn, AS75, and wife Patricia, recently made a $3 million commitment to enhance and expand entrepreneurial studies.

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