Dr. Kate Brown
Chair & Associate Professor
Ph.D., University of Connecticut
2102 Kiah Hall
» Curriculum Vitae
Dr. Kate Brown is currently Chair of the Department, and is an Associate Professor with teaching specialties in Finance and Statistics. She received a Bachelor of Arts, Master of Business Administration, and Ph.D. degrees from the University of Connecticut. Prior to her appointment at UMES, Dr. Brown spent 17 years in New Zealand, where she was Chair of the Department of Finance and Quantitative Analysis at the University of Otago in Dunedin. Her experiences in New Zealand included a five year appointment on the New Zealand Commerce Commission. She has authored numerous publications in refereed journals, including one best paper awards. Her research interests include dividend policy, entrepreneurship, financial market analysis, mergers, and bankruptcy prediction. She developed the Finance Concentration for the Business Administration Major, and has introduced three new Finance courses since her appointment in 2005.
» Principles of Real Estate
» Advanced Financial Management
» Entrepreneurial Finance
» Senior Seminar in Mergers and Acquisitions
» Business Statistics
» Prediction of company bankruptcy
» Effects of culture on entrepreneurial behavior
» Changes in market behavior resulting from changes in structural element
 Sum, V. and K.M. Brown, “Real Estate Sector Response to Economic Policy
Uncertainty Shock”, International Research Journal of Applied Finance, 2012. Vol. 3,
No. 12, 2012, pp 1739-1747.
 Brown, K.M., H.P. Sharma and M. Kraenzle, “The Impact of the Introduction of
the Euro on Large and Small Firms”, The Journal of Current Research in
Global Business, Vol. 14, No 21, 2011, pp 12-21.
 Brown, K.M. and V. Sum, “Determinants of Dividend Payments”, International
Journal of Applied Accounting and Finance. Vol 1, 1, pp 40-46. 2010.
 Brown, K.M., S. Thakur, A. Sampson, “Macroeconomic Factors in
Entrepreneurial Climates”, Global Digital Business Review, Vol 2, No 2, 2007,
pp113-117. (Best Paper Award)
 Brown, K.M., H.P. Sharma and M. Kraenzle, “The Stabilizing Effects of the Euro
on Specific Stock Markets”, Journal of International Finance and Economics,
Vol VII, No 1, 2006, pp 20-27.
 Brown, K.M., H.P. Sharma and M. Kraenzle, “Analysis of the Long Term effects of
the Euro”, Journal of International Finance and Economics, Vol IV No 1,
2006, pp. 17-26.
 Xu, Tan, D.D. Li and K.M. Brown, “A Model on Exchange Rate Exposure of U.S.
Multinationals”, Journal of the International Society of Business
Disciplines, Summer 2006, pp. 124-135.