|Professor Receives the Academy of Finance Teaching Excellence Award|
|Joseph Cheng, associate professor of finance & international business, received the 6th annual Teaching Excellence Award from the Academy of Finance.|
Joseph Cheng, associate professor of finance and international business, has received the sixth annual Teaching Excellence Award from the Academy of Finance.
Cheng, who has taught at the School of Business since 1983, was selected after his presentation to a special teaching session at the Academy of Finance’s annual meeting in Chicago in March.
As a teacher, Cheng says, his goal is “to teach students to ‘understand’ and to ‘analyze,’ not just memorize.” As part of his application to the AOF competition, he submitted a one-page statement of his teaching philosophy.
In that statement, he explained how he uses analogies to clarify confusing concepts, such as the difference between stock price and stock value: “Showing students my wedding ring which I bought for only $80, I explained to them that if the ring is lost I would move heaven to find it because its value is far greater than $80,” he wrote. “After hearing this, students not only understand the difference between price and value, they will never forget.’’
Among the courses Cheng teaches are Business Finance; Financial Markets and Institutions; Financial Planning and Investments; Securities Analysis and Portfolio Management; and Speculative Markets. He earned his bachelor’s in accounting and master’s and doctorate in economics, all from Binghamton University, and is a chartered financial analyst. In 2010, his presentation on “A CAPM Valuation Model for Closed End Fund” received the Outstanding Paper Award at the Conference of the Association for Global Business.
He says his teaching also emphasizes helping students “to develop a heart for doing the right thing.” In his statement, he wrote, “Knowledge, per se, is neutral and is good only when it is appropriately applied for the benefits of society. At the end, successful people are successful because they make the right choices in life, including ethical and moral choices.”
Founded in 1990 as a professional organization for finance professors, the Academy of Finance is one of 11 associated organizations in MBAA International, which encompasses accounting, marketing, and other business disciplines