Borgman Richard Borgman, Professor of Finance



University of Maine
Maine Business School
5723 DP Corbett Business Building, Room 302
Orono, ME 04469-5723

Ph.D., University of Florida (1994)

Teaching Areas:

  • Financial Institutions and Markets
  • Financial Management/Corporate Finanace
  • International Finance

Research interests:

  • Financial Institutions and Markets
  • Asset-backed Securities
  • Portfolio Management
  • Security Valuation
  • Mutual Funds Fees
  • Microfinance



Borgman, Richard, 2015, “Exit and Harvest: The Case of Hotmail,” in Entrepreneurial Finance: Finance for Entrepreneurship and Small Business Management (eds. Vega and Lamb), forthcoming.

Borgman, Richard, and Vinay Datar, Summer 2013, “The Value of Mutual Fund Fees: A Model.” Financial Decisions, Article 1, pp. 1-19.

Borgman, Richard, and Vinay Datar, 2012, “The Foreign Corrupt Practices Act: Regulatory Burden and Response.” International Research Journal of Applied Finance, Vol. III, No. 1, pp. 3-19.

Borgman, Richard, Fall 2011, “Mainsail II SIV-Lite and the State Cash Investment Pool.” The Case Journal, Vol. 8, No.1.

Agrrawal, Pankaj, Richard Borgman, John Clark, and Robert Strong, 2010, “Using the Price-to-Earnings Harmonic Mean to Improve Firm Valuation Estimates.” Journal of Financial Education, Vol. 36, No. 3-4.

Agrrawal, Pankaj and Richard Borgman, 2010, “What is Wrong with this Picture? A Problem with Comparative Return Plots on Finance Websites and a Bias Against Fixed/Income Generating Assets.” Journal of Behavioral Finance, Vol. 10, No. 4.

Borgman, Richard, November 2009, “Prudent Investing? The Credit Crisis of August 2007, Mainsail II SIV-Lite, and the State Cash Investment Pool,” Amfiteatru Economic, Special Issue No. 3. This is a special issue on the financial crisis.

Jones, Nory, and Richard Borgman, 2007, “An Exploratory Study on Knowledge Sharing, Information Technologies and Firm Performance,” OR Insight, Vol. 20, No. 4.

Borgman, Richard and Elaine Potoker, Fall 2007, “The Economic Impact of the Caribbean Basin Initiative: Has It Delivered Its Promise?,” Canadian Journal of Latin American and Caribbean Studies, Vol. 32, No. 64.

Lawson, Diana, Richard Borgman, and Timothy Brotherton, 2007, “A Content Analysis of Financial Services Magazine Print Ads: Are They Reaching Women?,” Journal of Financial Services Marketing, Vol. 12, No. 1.

Borgman, Richard, and Robert Strong, Spring 2006, “Growth Rates and Implied Beta: Interactions of Cost of Capital Models,” Journal of Business and Economic Studies. Vol.12, No. 1.

Borgman, Richard, September-October 2005, “Lessons from Microlending for U.S. Bankers,” Commercial Lending Review. Vol. 20, No. 5.