Leatham, David individual record
Professor and Associate Department Head
Positions:
overview

My primary research focus is on improving financial decision making for agricultural businesses including farms and ranches. The optimal portfolio of assets (investment decisions), and the optimal portfolio of short-term credit, long-term credit and owner's equity to finance assets (capital structure decisions) are important business decisions. The outcome of investment and capital structure decisions is dependent on future events; thus, time and uncertainty must be considered. Much of this research is done in a risk/return framework where optimal decisions depend on an individual's risk/return preference.



My secondary focus is on improving the ability of financial intermediaries to provide credit TO agricultural businesses (agricultural credit). Specifically, this work centers on 1) designing and evaluating financial derivatives that can be used by agricultural lenders to manage interest rate risk, 2) improving credit assessment models, and 3) assessing the impact of deregulation and structural changes on agricultural lender's ability and willingness to provide credit to agricultural firms.

education and training
selected publications
Academic Articles36
  • Lu, R., Bessler, D. A., & Leatham, D. J. (2018). The transmission of liquidity shocks via China's segmented money market: Evidence from recent market events. Journal of International Financial Markets, Institutions and Money. 57, 110-126.
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  • Sukcharoen, K., & Leatham, D. J. (2017). Hedging downside risk of oil refineries: A vine copula approach. Energy Economics. 66, 493-507.
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  • SUKCHAROEN, K., & LEATHAM, D. (2016). MEAN-VARIANCE VERSUS MEANEXPECTED SHORTFALL MODELS: AN APPLICATION TO WHEAT VARIETY SELECTION. Journal of Agricultural and Applied Economics. 48(2), 148-172.
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  • Sukcharoen, K., & Leatham, D. J. (2016). Dependence and extreme correlation among US industry sectors. Studies in Economics and Finance. 33(1), 26-49.
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  • Larsen, R., Leatham, D., & Sukcharoen, K. (2015). Geographical diversification in wheat farming: a copula-based CVaR framework. Agricultural Finance Review. 75(3), 368-384.
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Conference Papers1
  • Yang, J., Balyeat, R. B., & Leatham, D. J. (2005). Futures Trading Activity and Commodity Cash Price Volatility. Journal of Business Finance & Accounting. 32(1-2), 297-323.
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chaired theses and dissertations
Email
d-leatham@tamu.edu
First Name
David
Last Name
Leatham
mailing address
Texas A&M University; Agricultural Economics; 2124 TAMU
College Station, TX 77843-2124
USA