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Davis College of Business

Office location

2800 University Blvd N
Jacksonville, FL 32211

Office hours

Mon – Fri, 8:30 a.m. – 5:00 p.m.


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Dr. Richard Cebula

Dr. Richard Cebula

Professor of Finance; BJ Walker/Wells Fargo Endowed Chair of Finance

Davis College of Business

Email address  rcebula@ju.edu
Telephone number  (904) 256-7904
Resume or CV  CV
Office location  Davis College of Business, 237

Richard J. Cebula joined Jacksonville University in 2010 and is the author of 15 scholarly books and the author of nearly 600 scholarly articles in refereed scholarly journals in Finance, Economics, General Business, Management, and Statistics. His research has appeared in such venues as the Quarterly Journal of Economics, Journal of the American Statistical Association, Economic Inquiry, Journal of Regional Science, Journal of Financial Services Research, Quarterly Review of Economics and Finance, Kyklos, Journal of Legal Studies, Southern Economic Journal, Public Choice, Land Economics, Industrial Relations, Industrial and Labor Relations Review, Regional Science and Urban Economics, Journal of Labor Research, Journal of Financial Economic Policy, Journal of Management Studies, Applied Financial Economics, Journal of Housing Research, Regional Studies, Urban Studies, Journal of Applied Statistics, Journal of Property Research, Metroeconomica, Weltwirtschaftliches Archiv, Journal of Economics and Finance, and the Journal of Economics.

He is included in The Who's Who in Economics, a book listing the 1,500 major economists over the last three centuries; In 2014, he was unanimously voted "Fellow of the Academy of Economics and Finance; In 2014; he became President of the Mid-Continent Regional Science Association In 2013; he was selected by the Graduate School of the University of Georgia as the "Alumnus of Distinction" (the first year in which this was awarded) for his contributions to his profession and society.

Dr. Cebula has a distinguished teaching record. He was recognized for his teaching excellence by the Economics profession's highest award when in 2007 he was the sole recipient of the Kenneth G. Elzinga Distinguished Teaching Award (awarded annually by the Southern Economic Association in a global competition). He also received three "Teacher of the Year" and "Most Articulate Professor" awards at Emory and in 2009 was recognized as the "NROTC Professor of the Year" for his teaching and devotion to student success.

Rich is Editor-in-Chief of the prestigious Journal of Regional Analysis and Policy and Senior Editor of the Journal of Economics and Finance Education, which he co-founded in 2002. He also serves as Advisory Editor or Associate Editor to: The Journal of Economics and Finance, Journal of Financial Economic Policy, Global Business and Economics Review, Public Finance, Annals of Regional Science, and International Migration Review. He serves, as well, on the Editorial Boards of a dozen other scholarly journals. Finally, he served as President of the Academy of Economics and Finance and currently serves in several other professional capacities including the Executive Committee of the Southern Regional Science Association and the Academy of Economics and Finance.

Topping his academic career off, in the 2009 "Age 55 and over Olympic Games" held in Hilton Head, South Carolina, Rich won three Gold Medals in the shot put, discus, and basketball.


This is not a comprehensive list.

  • PPOL 501: Microeconomics for Public Policy
  • PPOL 502: Public Finance


  • Ph.D. Economics, Georgia State University
  • M.A., Economics, University of Georgia
  • A.B., Economics, Fordham College

Academic Experience

  • Shirley and Philip Solomons Eminent Scholar, Department of Economics - Armstrong Atlantic State University, 1999-2010.
  • Professor of Economics - Georgia Institute of Technology, 1992-99.
  • Professor of Economics and Distinguished Professor of Economics - Florida Atlantic University, 1990 - 92.
  • Undergraduate Economics Program Director - Emory University, 1983 - 85.
  • Acting Chair, Department of Economics - Emory University, 1981 – 83.
  • Senior Member of the Law and Economics Center Academic Staff; Center for Regional Analysis Staff - Emory University, 1981 - 84.
  • Professor of Economics - Emory University, 1980 - 90.
  • Associate Professor of Economics - Emory University, with tenure, 1976 - 80.
  • Assistant Professor of Economics - Emory University, 1973 - 76.
  • Assistant Professor of Economics, Ohio University, 1971 - 73.

Recent Scholarship & Research

"Does the Board of Directors Affect the Extent of Corporate R&D? Evidence from Italian Listed Companies," ECONOMICS BULLETIN, co-author F. Rossi, Vol. 35, No. 4, 2015, pp. 1-15.

"Ownership Structure and R&D: An Empirical Analysis of Italian Listed Companies," BANCA NAZIONALE DEL LAVORO QUARTERLY REVIEW/PSL QUARTERLY REVIEW, co-author F. Rossi, December, 2015, 255-282. 

"Firm Size, Dual Brokerage, and National Franchise Affiliation of Real Estate Brokerage Firms: Unexpected Results for the Period 2008-2013," JOURNAL OF HOUSING RESEARCH, co-authors T. Dajci and R. Boylan, Vol. 24, No. 2, 2015, pp. 175-191. 

"The Impact of the Net Percentage Growth Rate in the Number of Small Firms on Differential State-level Employment Growth Rates in the U.S.: An Exploratory Empirical Note," APPLIED ECONOMICS LETTERS, co-authors V. Agrawal, R. Boylan, and D. Horner, forthcoming.

"The Impact of Economic Freedom on the Unemployment Rate in OECD Nations: An Exploratory Study Accepting the Validity of Okun's Law," ECONOMIA INTERNAZIONALE/INTERNATIONAL ECONOMICS, co-authors M. Foley and D. Capener, December, 2015, pp. 484-492.

"An Analysis of Withdrawn Shareholder Proposals," CORPORATE GOVERNANCE: THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, co-authors M. Foley, C. Jun, and R. Boylan, Vol, 15, No. 4, 2015, pp. 546-562.

"Stock Market Reactions to Announcements regarding Boards of Directors; Evidence from Italy," APPLIED ECONOMICS INCORPORATING APPLIED FINANCIAL ECONOMICS, co-author F. Rossi, Vol. 47, 2015, pp. 2102-2118.

"The Bargaining Power of Health Care Unions and Union Wage Premiums for Registered Nurses," JOURNAL OF LABOR RESEARCH, co-authors C. Coombs, R. Newman, and M. White, Vol 36, December, 2015, pp. 442-461.

"Issues in Regional Economics: An Overview," INTERNATIONAL ADVANCES IN ECONOMIC RESEARCH, May, 2015, pp. 138-138.

"Access to Higher Public Education and Locational Choices of Undocumented Migrants: An Exploratory Analysis," INTERNATIONAL ADVANCES IN ECONOMIC RESEARCH, co-author U. Nair-Reichert, May, 2015, pp. 189-200.

"The Impact of Taxes and HOA Fees on Single-Family Home Prices," INTERNATIONAL ADVANCES IN ECONOMIC RESEARCH, co-authors T. Dajci, R. Boylan, D. Izard, and G. Gresham, May, 2015, pp. 201-212.  

"Exploratory Panel Data Evidence on the Relative Efficacy of Real Federal as Opposed to Real State Cigarette Excise Taxes in Reducing Cigarette Smoking in the United States," BULLETIN OF APPLIED ECONOMICS, co-authors R. Rossi and D. Capener, Vol. 2, No.1, 2015, pp.37-50.

"Classroom Analysis of How to Value Shares of Public Corporations: A Pedagogical Endeavor including Earnings and Dividends Expectations Formation and Hybrid Modeling," JOURNAL OF ECONOMICS AND FINANCE EDUCATION, co-authors L. Lawson, I. Saltz, and J. Buck, Vol. 14, No. 1, 2015, pp. 120-126.

"Does the Presence of Very Young Children and/or Older Minor-Aged Children in the Home Reduce Cigarette Smoking?" THE JOURNAL OF APPLIED ECONOMIC RESEARCH, co-author F. Rossi, November, 2015, Vol. 9,No. 4,  pp. 430-441.

"On the Nominal Interest Rate Yield Response to Net Government Borrowing in the U.S.: GLM Estimates, 1972-2012," INTERNATIONAL JOURNAL OF APPLIED ECONOMICS, March, 2015, pp. 1-15.

NEW DEVELOPMENTS IN ECONOMIC EDUCATION, Co-Editor, F. Mixon, Northampton, MA: Edward Elgar Publishing Company, March, 2014.

“Can’t See the Forest for the Trees? Try a Coasian Solution,” co-authors S. Beaulier and F, Mixon, in NEW DEVELOPMENTS IN ECONOMIC EDUCATION, Co-Editors, F. Mixon and R. Cebula, Northampton, MA: Edward Elgar Publishing Company, 2014, pp. 126-132.

“Teaching the Economics of Income Tax Evasion,” co-author M. Foley, in NEW DEVELOPMENTS IN ECONOMIC EDUCATION, Co-Editors, F. Mixon and R. Cebula, Northampton, MA: Edward Elgar Publishing Company, 2014, pp. 133-139.