Dr. Philip Horvath

Robert T. Stevenson Jr./PNC Professor of Finance

Dr. Phillip HorvathDr. Philip A. Horvath is the inaugural recipient of the Robert T. Stevenson, Jr./National City Bank Endowed Professorship of Finance, a professorship established in 2002.  The endowment was re-designated The Robert T. Stevenson, Jr./PNC Professor of Finance on Jan. 1, 2010.

Dr. Horvath earned his Bachelor of Science and Master of Science degrees from Indiana University at South Bend and his D.B.A. from Kent State University (1975).  Dr. Horvath came to Bradley in 1977, achieved the rank of associate professor in 1979 and that of Professor in 1991.  He has been chairperson of the Department of Finance and Quantitative Methods and member of the Foster College Executive Committee since 1995.   Dr. Horvath served as Director of the Center for Business and Economic Research (CBER) from 1980 to 1982 and in 2009, he developed and implemented the Master of Science in Quantitative Finance program (MSQF) and continues as program director.

Since arriving at Bradley, Dr. Horvath has taught undergraduate liquidity management, financial analysis, investments, portfolio theory, financial strategy, statistics and forecasting courses, and the capital budgeting and financial analysis courses at the graduate level.

Dr. Horvath is extensively published in finance, financial economics, forensic economics, operations research and marketing and he maintains an active research agenda.  He founded the Journal of Financial and Economic Practice in 2002 and retains a strong involvement.  He initiated, in 1994, and continues to coordinate the CBER Faculty Colloquium Series and has recently sparked the development of the Foster College of Business Methods Group.

Dr. Horvath co-founded NIPHIX Systems, an electronic trading system, NIPHIX Investments, a securities brokerage, and NIPHIX Advisors, an investment advisory, in 1993.  He has served as Chief Financial Officer for several small businesses and has considerable consulting experience in businesses, financial institutions, and forensics.

The Robert T. Stevenson, Jr./PNC Endowed Professorship in Finance was established by the officers of the, then National City Bank, to honor the memory of Robert T. Stevenson, Jr., former president of First of America Bank and former member of the Bradley University Board of Trustees.  The professorship encourages professional excellence and rewards a faculty member who creatively educates students in finance and quantitative methods curriculum to prepare them for successful careers in financial institutions.