Kenneth Carow
Associate Professor of Finance; Chairperson, Kelley Indianapolis Undergraduate Program
"Our research is most valuable when we stay on the cutting edge of recent developments in the business world. Staying abreast of what's current not only increases the value of our research contributions, but also enhances our ability to teach in the classroom. Research really brings the issues to life."
A Kelley Indianapolis faculty member since 1997, Ken Carow has expertise in a number of finance-related fields, including banking, insurance, financial institutions and debt design. Choosing research topics based on his interests and their ability to positively impact Kelley's reputation, Carow is currently working on a research paper describing the role of mutual holding companies in the savings and loan industry.
Exploring the implications of stock options backdating, Carow also is investigating the stock market reaction to the recent backdating revelations. He is looking specifically at the characteristics of companies under investigation by the SEC and uncovering companies with similar characteristics that have not come under such federal scrutiny.
Carow's other research projects include a study of mergers and acquisitions in the savings and loan industry and a comprehensive review of the Financial Service Modernization Act. In the latter, Carow is assessing whether the integration of banking, insurance and investment banking allowed by the law has benefited customers, and if so, which customers and why.
In addition to Carow's teaching and research responsibilities, he is also the current chairperson of Kelley Indianapolis' undergraduate program. He believes the strength of the program lies in Kelley's commitment to community involvement and experiential learning.
"We really work to involve students in the study of business beyond the classroom," says Carow. "From starting out with a community engagement project to building leadership skills through the junior and senior years, Kelley students actively participate with real companies, solving real problems – much like the work they will do on the job after graduation."
