RICHARD S. NELSON

505 Preston Road
Warren, PA 16365
(814) 362-7637
      726-0668


COLLEGE TEACHING

Associate Professor (as of 1991) and Chair

Business Management Department
University of Pittsburgh at Bradford
Bradford, PA               1985 - present
Current teaching responsibilities:
Corporate Finance
International Finance
Financial Markets and Institutions
Financial Statement Analysis


Assistant Professor of Finance

School of Business

Saint Bonaventure University
Saint Bonaventure, NY                1984 - 1985
Graduate and undergraduate courses taught:
Corporate Finance
International Finance

Central Connecticut State University
School of Business
New Britain, Connecticut             1975 - 1981
University of New Haven(Adjunct)
Graduate School of Business          1979 - 1981



Investment Research

Product Development - Capital Markets Group Citicorp, Inc.

NY, NY                 1983 - 1984

. Researched, analyzed and developed securities-related products.

Commercial Bank Auditor

Connecticut Bancfederation
New Britain, CT        1970 - 1974

PROFESSIONAL DESIGNATION

Chartered Financial Analyst (CFA): Awarded by Association for Investment 
Management and Research in 1994.

EDUCATION

Masters in Business Administration, University of Connecticut, Storrs, CT, 1975.

Bachelor of Science, Business Administration, Central Connecticut State 
University, New Briatin, CT, 1973.

WRITING AND PUBLICATIONS

Contributed numerous articles for advisory publications directed to the 
commercial banking industry - published by Warren, Gorham and Lamont.

Published articles of analysis and opinion for newspapers (including The New 
York Times and The Hartford Courant).
"Planning by a Nonprofit Should Be Very Businesslike," Nonprofit World, Vol. 8,
November/ December 1990.

"The Corporation as a Management Model: Some Limits to the Lessons," Principal,
September 1991.

"Come On, Tiger, Let's Pop the Clutch," Gentlemen's Quarterly, August, 1991.


Papers Presented

"Failure to Hedge Currency Exposure: Irrational Behavior?", November, 1996, 
Annual Meeting of the Decision Sciences Institute, Orlando Florida.


Working Papers

"Currency Option Volume and Exchange Rate Volatility"
"More Evidence of Untenable Methodology in Economics: the Emerging Theories of
Path Dependence and Increasing Returns"


GRANTS AWARDED

Hewlett International Small Grants Program, UCIS, 1994.  Project (conducted 
during sabbatical leave during Fall term of 1994) included three weeks at the 
Philadelphia Stock Exchange, where I had the opportunity to interact 
extensively with Exchange officials and to observe currency option trading on 
the floor of the Exchange.

PROFESSIONAL AFFILIATIONS

American Association of Investment Management and Research.
Financial Analysts Federation of Pittsburgh.
American Finance Association.
Eastern Finance Association.