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 $1.5 million student-led Blue Hen Investment Club, 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.

Undergraduate scholarships, made possible through the generosity of alumni and friends, enable us to support promising scholars. Here, Delaware Gov. Jack Markell and his mother, Leni Markell, join recipients of the William Markell Scholarship (center), which benefits students in Accounting and MIS.

The Institute for Financial Services Analytics is a collaboration between the Lerner College, UD's College of Engineering and JPMorgan Chase, and hosts events for academics and the business community designed to address consumer analytics and industry applications.

All Lerner College departments offer discovery learning experiences and emphasize data-based analytics to enrich the student experience. Here, students at Vita Nova, our award-winning restaurant run through HRIM, joined professional chefs and winemakers in hosting a 2014 Mid-Atlantic Wine and Food Festival event.

Lerner College faculty - like Meryl Gardner, whose research on foods and moods was recently published in the Journal of Consumer Psychology - are thought leaders who command attention from influential business audiences, economists and policy makers.

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