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Edward C. Lawrence, Ph.D.

Professor of Finance

Edward C. Lawrence


Phone: 314-516-6148
Office: 232 Anheuser-Busch Hall




Corporate Finance

Commercial Banking

Real Estate



Other Information
Serves as a public arbitrator for the Financial Industry Regulatory Authority (FINRA), formerly NYSE and NASD, for investment disputes between brokers and investors.
Serves as paper reviewer for the following journals: Journal of Banking and Finance, Review of Economic and Statistics, Financial Practice and Education, Financial Management

Professional Memberships
American Finance Association, European Financial Management Association, Financial Management Association, French Finance Association


Ph.D., Finance, Pennsylvania State, University Park, 1982

MBA, Finance, Pennsylvania State, University Park, 1974

B.S.B.A., Gannon University, Erie, Pennsylvania, 1973

Advanced Security Analysis

Principles of Real Estate

Commercial Bank Management

Financial Management

Practicum in Finance

  • Areas: Health Care Economics; Commercial Banking; Investments.
  • Selected Significant Publications:
    • Lawrence, Edward C., Ellen Briskin, and Qing-Jiang Qu. "A Review of State Tax Incentive Programs for Creating Jobs." Journal of State Taxation 31.3 (2013): 25-32.
    • Lawrence, E. C., Desai, Chintal, Elliehausen, Gregory E., On the County-Level Credit Outcome Beta, Journal of Financial Services Research, online January 2013.
    • Lawrence, E. C., Muehling, Heather, Midwest Bancshares Inc., International Research Journal of Applied Finance, January 2013.
    • County‑Level Bankruptcy Beta and its Impact on the Supply of Revolving Credit@ (with Gregory E. Elliehausen), Investment Management and Financial Innovation, Volume 10, Issue 1, 2013.
    • An Overview of Pharmacy Benefit Managers: Focus on the Consumer@ (with Ellen Briskin and Jane QingJiang Qu), published by Express Scripts, April 2012.
    • The Economic Impact of Mercy Health System on St. Louis and Missouri@, (with Ellen Briskin and Jane QingJiang Qu), published by Mercy Health System, July 2011.
    • The Economic Impact of Express Scripts on St. Louis and Missouri@ (with Ellen Briskin and Jane QingJiang Qu), published by Express Scripts, December 2010.
    • Lawrence, Edward C. "Biases in Mid-Year and End-of-Year Conventions in Discounted Cash Flow Models for Corporate Valuations." Journal of Legal Economics 16.1 (2009): 1-VI.
    • Lawrence, Edward C. "Student Managed Investment Funds: An International Perspective." Journal of Applied Finance 18.2 (2008): 67-83.
    • Lawrence, E. C. and Elliehausen, G., A Comparative Analysis of Payday Loan Customers. Contemporary Economic Policy, 26: (2008): 299–316.


UMSL is the only public university in the region to carry dual AACSB accreditations for its business and accounting programs at the undergraduate and graduate levels.

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