Kathleen Hevert

Associate Professor

Academic Division: Finance
Tomasso
# 222
781-239-4630

Bio

Dr. Kathleen Hevert is an Associate Professor of Finance at Babson College. Prior to joining Babson, Dr. Hevert was an assistant professor of finance at the Wallace E. Carroll School of Management at Boston College. She designs and delivers general and specialized finance courses at the graduate, undergraduate, and executive levels, and was twice selected by the Babson College F.W. Olin Graduate School of Business graduating classes to receive the Thomas Kennedy Award for Teaching Excellence. Professor Hevert specializes in long-term strategic capital investment decisions, and has a particular interest in the application of option pricing models to real-asset acquisition decisions. She also studies the long-term performance effects of serial acquisition strategies. Her research has been published in academic journals including Financial Management, The Journal of Portfolio Management, The Journal of Applied Corporate Finance, and The Journal of Business Venturing. Dr. Hevert designs and conducts executive education programs in basic corporate finance, capital investment decisions, real options, and other related topics for clients including General Electric, Johnson & Johnson, U.S. Steel, Infineon Technologies, EMC and many others. In addition, she works with a variety of firms on related special projects.

Academic Degrees

  • Ph D, University of North Carolina at Chapel Hill
  • BS, University of Delaware

Academic Interests

Real Options; Corporate Finance; Corporate Valuation; Mergers and Acquisitions;

Awards & Honors

  • 2001 - Thomas Kennedy Award for Teaching Excellence at the Graduate Level, F.W. Olin Graduate School of Management
  • 1997 - Thomas Kennedy Award for Teaching Excellence at the Graduate Level, F.W. Olin Graduate School of Management
  • 1995 - Babson-Webber-Mustard Term Chair, Babson College
  • 1990 - Boston College Faculty Fellowship, Boston College
  • 1984 - Maurice W. Lee Award for Excellence in Doctoral Student Teaching, University of North Carolina at Chapel Hill

Publications

Journal Articles

  • Allen, S.A., Hevert, K.T. (2007). Venture Capital Investing by Information Technology Companies: Did it Pay? Journal of Business Venturing, 22(2), 262-282.
  • Hevert, K.T. (2001). Real Options Primer: A Practical Synthesis of Concepts and Valuation Approaches. Journal of Applied Corporate Finance, 14(2), 25-40. link
  • Hevert, K.T., McLaughlin, R.M., Taggart, R.A. (1998). Growth Options and Equity Duration. Journal of Portfolio Management, The, 25(1), 43-50. link
  • Hevert, K.T., McLaughlin, R.M., Taggart, R.A. (1998). Interest rates, inflation and the value of growth options. Quarterly Review of Economics and Finance, 38(3), 599-613. link
  • Nelson, R., Hevert, K.T. (1992). Effect of class size on economies of scale and marginal costs in higher education. Journal of Applied Economics, 24(5), 473-482. link
  • Brickley, J.A., Hevert, K.T. (1991). Direct Employee Stock Ownership: An Empirical Investigation. Financial Management, 20(2), 70. link

Cases and Teaching Notes

  • Hevert, K.T. (2013). Starbucks Corporation: Financial Analysis of a Business Strategy. 18.
  • Hevert, K.T. (2013). Apple and Dell, 2007. 6.
  • Hevert, K.T. (2013). Apple and Dell, 2007: Financial Statements and Ratio Analysis. 12.
  • Hevert, K.T. (2012). Blue Heron Capital Partners, LLC: Supplementary Material.
  • Hevert, K.T. (2012). Blue Heron Capital Partners, LLC. 3.
  • Hevert, K.T. (2012). Blue Heron Capital Partners, LLC: Teaching Note.

Book Chapters

  • Bethel, J.E., Hevert, K.T., Krigman, L.A. (2014). Creating and Conserving Shareholder Wealth in Emerging Markets: Recent Evidence. In Albert Tavidze (Ed.), Progress in Economics Research. New York, NY: Nova Science Publishers, Inc.

Others

  • Langowitz, N.S., Anderson, M.L., Ng, R.J., Harris, B.N., Henderson, J.E., Hevert, K.T., Landry, E.M. (1998). Babson Music Industry Simulation Exercise : Babson College

Presentations

  • Stay-out premiums, penalties, and multi-year regulatory rate plans
    Davies, R., Hevert, K. Stay-out premiums, penalties, and multi-year regulatory rate plans Financial Management Association Annual Meeting, Orlando, Florida (2015)
  • Stay-out premiums, penalties, and multi-year regulatory rate plans
    Davies, R., Hevert, K. Stay-out premiums, penalties, and multi-year regulatory rate plans University of Rhode Island, Kingston, Rhode Island (2015)

Professional Services

  • Board Member
    Babson Global Inc. (2016)