Texas Tech University

Jeff Mercer, Ph.D.

Senior Associate Dean; I. Wylie and Elizabeth Briscoe Chair in Finance; Director, Institute for Banking and Financial Studies; Faculty Director, School of Banking
Finance

Email: jeffrey.mercer@ttu.edu

Phone: 806.834.3365

Office Hours: By Appointment

Room Number: 233

Education: Ph.D., M.S., Texas Tech University; B.S., University of Wyoming

Area of Expertise:
 Investments, Risk Management, and Derivative Securities


Webpage:
Curriculum Vitae

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Jeff Mercer

About Professor Mercer

Jeff Mercer is the Senior Associate Dean of the Rawls College of Business at Texas Tech University. He is also a Professor of Finance and holds the I. Wylie and Elizabeth Briscoe Chair in Finance.  Dr. Mercer, along with Drs. Scott Hein and Drew Winters, is Executive Co-Editor of the Journal of Financial Research.  Dr. Mercer joined Texas Tech in 2002, and was previously Director of Research at Ibbotson Associates, Chicago, and a faculty member, Finance Department Chair, and Acting Associate Dean of the College of Business at Northern Illinois University. While at Texas Tech, Dr. Mercer has received the President's Excellence in Teaching Award and the College of Business' Lockheed Martin Excellence in Teaching Award.

Publications

  • "The U.S. Housing Price Bubble: Bernanke versus Taylor," Journal of Economics and Business, 80 (2015), 62-80. A. M. Fitwi, S. E. Hein, and J. M. Mercer.
  • “Price Discovery in the Treasury Bill When-Issued Market,” Financial Review, 48 (2013), 1-24.  J.M. Mercer, M.E. Moore, R.J. Whitby, and D.B. Winters.
  • “REIT Momentum and Chracteristic-Related REIT Returns,” The Journal of Real Estate Finance and Economics, 47 (2013), 564-581.  P.R. Goebel, D.H. Harrison, J.M. Mercer, and R.J. Whitby.
  • “Is Now the Time to Add Commodities to Your Portfolio?,” Journal of Investing, 19 (2010), 10-19.  C.M. Conover, G.R. Jensen, R.R. Johnson, and J.M. Mercer.  Abstracted in The CFA Digest 40 (November 2010). Excerpted in AAII Journal, December 2010, 20-24.
  • “Gains from Active Bond Portfolio Management Strategies,” Journal of Fixed Income, 19 (2010), 73-83.  N.E. Boyd and J.M. Mercer.  Abstracted in The CFA Digest 40 (August 2010).
  • “Do Traders Benefit from Riding the T-Bill Yield Curve?,” Journal of Portfolio Management, 36 (2009), 131-140.  J.M. Mercer, M.E. Moore, and D.B. Winters.
  • “Can Precious Metals Make Your Portfolio Shine?,” Journal of Investing, 18 (2009), 75-86.  C.M. Conover, G.R. Jensen, R.R. Johnson, and J.M. Mercer. 
    Abstracted in The CFA Digest 39 (August 2009).
  • “Monetary Policy Indicators as Predictors of Stock Returns,” Journal of Financial Research, 31 (2008), 357-379, D.A. Becher, G.R. Jensen, and J.M. Mercer.
  • “Sector Rotation and Monetary Conditions,” Journal of Investing, 17 (2008), 34-46, C.M. Conover, G.R. Jensen, R.R. Johnson, and J.M. Mercer. Abstracted in The CFA Digest 38 (August 2008), 66-68.
  • “Are Treasury Inflation Protected Securities Really Tax Disadvantaged?,” Journal of Financial Research, 29 (2006), 575-592, S.E. Hein and J.M. Mercer. Abstracted in The CFA Digest 37 (May 2007), 90.
  • “Security Markets and the Information Content of Monetary Policy Turning Points,” Quarterly Review of Economics and Finance, 46 (2006), 477-494, G.R. Jensen and J.M. Mercer.
  • “Is Fed Policy Still Relevant for Investors?,” Financial Analysts Journal, 61 (2005), 70-79, C.M. Conover, G.R. Jensen, R.R. Johnson, and J.M. Mercer. 
  • "New Evidence on Optimal Asset Allocation," Financial Review, 38 (2003), 435-454, G.R. Jensen and J.M. Mercer.
  • "Time Variation in the Benefits of Managed Futures," Journal of Alternative Investments, 5 (2003), 41-50, G.R. Jensen, R.R. Johnson, and J.M. Mercer.
  • "Tactical Asset Allocation and Commodity Futures," Journal of Portfolio Management, 28 (2002), 100-112, G.R. Jensen, R.R. Johnson, and J.M. Mercer.  Abstracted in The CFA Digest 33 (February 2003), 61-63.
  • "Monetary Policy and the Cross-Section of Expected Stock Returns," Journal of Financial Research, 45 (2002), 125-139, G.R. Jensen and J.M. Mercer.  Abstracted in The CFA Digest 32 (November 2002), 27-28.
  • Patterns in Industry Returns?," Journal of Wealth Management, 4 (2001), 61-68, G.R. Jensen, R.R. Johnson, and J.M. Mercer.
  • "Efficient Use of Commodity Futures in Diversified Portfolios," Journal of Futures Markets, 20 (2000), 489-506, G.R. Jensen, R.R. Johnson, and J.M. Mercer.  Abstracted in The CFA Digest 31 (2001), 63-64.
  • "The Inconsistency of Small-Firm and Value-Stock Premiums," Journal of Portfolio Management 24 (1998), 27-36, G.R. Jensen, R.R. Johnson, and J.M. Mercer.  Abstracted in Dow Jones Asset Management, March/April 1998, and The CFA Digest 28 (1998), 10-12.
  • "New Evidence on Size and Price-to-Book Effects in Stock Returns," Financial Analysts Journal 53 (1997), 34-42, G.R. Jensen, R.R. Johnson, and J.M. Mercer.  Abstracted in Dow Jones Asset Management, January/February 1998.
  • "An Alternative Specification for Intraday Simultaneity in Spot and Futures Markets," Quarterly Review of Economics and Finance 37 (1997), 667-682, J.M. Mercer.
  • "Business Conditions, Monetary Policy, and Expected Security Returns," Journal of Financial Economics 40 (1996), 213-237, G.R. Jensen, J.M. Mercer, and R.R. Johnson.  Abstracted in The CFA Digest 27 (February 1997), 38-40.
  • "Rolling Over Futures Contracts: A Note," Journal of Futures Markets 12 (1992), 203-217, C.K. Ma, J.M. Mercer, and M.A. Walker.
  • "Taxable and Tax-Exempt Interest Rates: The Link with Inflation," Economics Letters 35 (1991), 327-332, S.E. Hein and J.M. Mercer. 

Current Research

  • Goebel, P.R., Harrison, D.H., Mercer, J.M., and R.J. Whitby, “Is REIT Momentum Really Momentum?”
  • Hein, S.E., Mercer, J.M., and E. Sisneros, “Price Discovery in Nearby Versus Distant Commodities Contracts: Evidence on Profitable Trading Opportunities”
  • Mercer, J.M., and E. Sisneros, “On the Efficacy of Buying Stocks on Margin.”

Awards and Honors

  • Awarded “Integrated Scholar” faculty designation (one of ten in 2014), Texas Tech University, 2014.
  • Rawls College of Business Lockheed Martin Excellence in Teaching Award, Texas Tech University, 2011.
  • Rawls College of Business Lockheed Martin Excellence in Teaching Award, Texas Tech University, 2006.
  • President's Excellence in Teaching Award, Texas Tech University, 2006.
  • Texas Tech Student Finance Association Professor of the Year Award, 2003.
  • Department of Finance nominee for the College of Business Excellence in Undergraduate Teaching Award, Northern Illinois University, 1997.
  • Department of Finance nominee for the Ideal Industries Excellence in Business Teaching Award, Northern Illinois University, 1997.
  • Delta Sigma Pi Outstanding Teacher of the Year Award, 1996, Department of Finance, Northern Illinois University, 1996.
  • College of Business nominee for the College of Business Excellence in Undergraduate Teaching Award, Northern Illinois University, 1995.