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Timothy Mayes

Professor of Finance

College of Business

Bio

Dr. Timothy Mayes earned Ph.D. in Finance from the University of Central Florida in 1993 and has taught at Metro State since August 1992. Best known for the book "Financial Analysis with Microsoft Excel," now in its 9th edition. Former creator and editor of the Journal of Financial Modeling and Educational Technology. Also created TVMCalcs.com in 2007 to help students around the world with using their financial calculators.

Degree

PhD in Finance

University of Central Florida

BS in Finance

University of Central Florida

Other in General Studies

University of Florida

Published Works

  • Chen, S., Fayman, A., Mayes, T. (2023). U.S. Community Banks post the 2008 Financial Crisis: A Logit Regression Analysis. International Journal of Finance & Banking Studies, 12(1), 10-20. https://doi.org/10.20525/ijfbs.v12i1.2366.
  • Fayman, A., Chen, S., Mayes, T. (2022). Community Banks versus National Banks: post the Great Recession. Economic Notes-Review of Banking, Finance and Monetary Economics, 51(2). .
  • Fayman, A., Chen, S., Mayes, T. (2022). Elimination of the Reserve Requirement: Impact on Liquidity at Community Banks vs. Non-Community Banks. Managerial Finance, 48(6), 939-952. https://doi.org/10.1108/MF-09-2021-0441.
  • Fayman, A., Hernandez-Julian, R., Mayes, T. (2020). Population Density and Performance of Community and Non-Community Banks in the U.S.. The Banking and Finance Review, 12-14. .
  • Mayes, T. (2019). Financial Analysis with Microsoft Excel, 9th ed.. Cengage Learning, https://www.cengage.com/c/financial-analysis-with-microsoft-excel-9e-mayes/9780357442050PF/
  • Mayes, T. . Risk-Adjusted Performance Analysis Add-in for Excel. Cengage Learning, https://github.com/mayest/Portfolio-Performance
  • Mayes, T. (2018). Rewards of Perfect Market Timing. , https://github.com/mayest/Market-Timing
  • Mayes, T. (2018). Correlation Visualizer. , https://github.com/mayest/Correlation-Visualizer
  • Mayes, T. (2018). PowerPoint Supplement for Financial Analysis with Microsoft Excel 8th ed. Cengage Learning,
  • Mayes, T. (2017). Instructor's Manual to Accompany Financial Analysis with Microsoft Excel, 8th ed. Cengage Learning,
  • Mayes, T. (2017). Financial Analysis with Microsoft Excel 2016, 8th Edition. Cengage Learning, www.cengagebrain.com/shop/isbn/9781285432274
  • Mayes, T. (2017). FAMEFncs.xlam version 8. Cengage Learning,
  • Mayes, T. (2014). ExcelSim 2015. Cengage Learning, http://rowdy.msudenver.edu/~mayest/FIN4200/Files/BookFiles/bookfiles.htm
  • Mayes, T. (2014). FAMEFncs.xlam. Cengage Learning, http://rowdy.msudenver.edu/~mayest/FIN4200/Files/BookFiles/bookfiles.htm
  • Mayes, T. (2014). Variance/Covariance Matrix Add-in . Cengage Learning, http://rowdy.msudenver.edu/~mayest/FIN4200/Files/BookFiles/bookfiles.htm
  • Mayes, T. (2014). Financial Analysis with Microsoft Excel, 7th Edition. Cengage Learning, www.cengagebrain.com/shop/isbn/9781285432274
  • Chen, S., Mayes, T. (2012). A Note on Capital Budgeting: Treating a Replacement Project as Two Mutually Exclusive Projects. Journal of Financial Education, 38(Spring/Summer 2012), 56-66. .
  • Mayes, T. (2012). Macaulay Duration as the Balancing Point of a Seesaw. , demonstrations.wolfram.com/MacaulayDurationAsTheBalancingPointOfASeesaw/
  • Mayes, T., Shank, M. T. (2011). Financial Analysis with Microsoft Excel, 6th Edition. South-Western Cengage Learning,
  • Mayes, T. (2010). Generating Correlated Normally Distributed Random Numbers in Excel. Journal of Financial Modeling and Education Technology, 1(1), 59-66. .
  • Mayes, T. (2009). ExcelSim. Microsoft Excel, rowdy.mscd.edu/~mayest
  • Mayes, T. (2009). Variance/Covariance Matrix Add-in . , www.tvmcalcs.com/blog/
  • Mayes, T., Shank, M. T. (2009). Financial Analysis with Microsoft Excel, 5th Edition. South-Western/Cengage Learning,
  • Chen, S., Mayes, T. (2008). A Note on Capital Budgeting: Treating a Replacement Project as Two Mutually Exclusive Projects. Annual Conference of the Financial Education Association,
  • Dempere, M. J., Camp, L. P., Mayes, T. (2008). A Systematic Approach to Developing Elective Courses in Finance. Proceedings of the 2008 Conference of the Academy of Business Education and the Financial Education Association,
  • Mayes, T., Shank, M. T. (2007). Financial Analysis with Microsoft Excel, 4th Edition. Thomson/South-Western,
  • Chen, S., Chang, H. T., Yu, H. T., Mayes, T. (2005). Firm Size and Book to Market Equity as Risk Proxy in Investment Decisions. Management Research News, 28(4), 1-24. .
  • Mayes, T. (2004). Instructor's Case Notes for Strategic Management: Competitiveness and Globalization . Thomas/South-Western,
  • Mayes, T., Shank, M. T. (2003). Financial Analysis with Microsoft Excel, 3rd Edition. Thomson/South-Western,
  • Chen, S., Mayes, T., Chang, T. (2003). Firm Characteristics, Macrovariables, and Investment Implications. Annual Conference of the Academy of Financial Services,
  • Mayes, T., Shank, M. T. (2001). Financial Analysis with Microsoft Excel, 2nd Edition. Dryden,
  • Mayes, T., Jay, R. N., Thurston, R. (2000). A Returns-based Style Analysis Examination of Asset Classes. Journal of Financial Planning, 4-104. .
  • Mayes, T., Shank, M. T. (1997). Financial Analysis with Lotus 1-2-3 for Windows. Dryden,
  • Mayes, T. (1997). Options Functions. , rowdy.mscd.edu/~mayest
  • Mayes, T. (1997). Returns-based Style Analysis. , rowdy.mscd.edu/~mayest
  • Mayes, T., Shank, M. T. (1996). Financial Analysis with Microsoft Excel. Dryden,

Research Interests

Using technology to enhance financial education, corporate financial management, investment performance measurement.

Teaching Interests

Investments, portfolio management, corporate finance, and the use of Microsoft Excel.

Additional Information

rowdy.msudenver.edu/~mayest/