Faculty Directory

Edward Rice


Office: 569 PACCAR Hall
Phone: 206-543-4480
Fax: 206-543-7472
Email: erice(at)u.washington.edu

Foster School of Business
University of Washington
Box: 353226
Seattle, WA 98195-3226

“Productive activities are not randomly organized, and the observed characteristics of the typical organization exist because they improve its ability to compete. The cost of using an inappropriate organizational structure can be substantial.”

Edward Rice

Associate Professor of Finance and Business Economics


PhD University of California, Los Angeles (1978)
MBA University of Rochester (1973)
BA University of Rochester (1972)

Academic Expertise

corporate finance
corporate governance
dividend and payout policy; stock splits
initial public offerings
managerial economics

Current Research

Correcting biases in discount rates used for capital budgeting, Meaning of stock price changes when events affect shareholders differently, Effect of health insurance on trauma care

Positions Held

At the University of Washington since 1979
Visiting associate professor at University of Chicago, 1986-1988
Assistant professor at University of Illinois, Urbana-Champaign, 1977-1979


Price Costco and Amgen, expert witness

Honors and Awards

Evening MBA Professor of the Year, Class of 2010, 2008
Charles Summer Outstanding Teaching Award, 2006
Evening MBA Professor of the Quarter for Autumn, Class of 2009, 2007
Evening MBA Professor of the Quarter for Autumn, Class of 2008, 2005, & 2007
Outstanding Professor, Evening MBA, Class of 2005, 2003
Evening MBA Core Professor the Year, Class of 2004, 2003
Evening MBA Outstanding Professor, Class of 2003, 2003
MBA Elective Professor of the Quarter for Spring 2003, 2003
MBA Core Professor of the Year, 1995
Bank of America Faculty Excellence Award, 1984
Distinguished Speaker in Finance from the Administrative Science Association of Canada, 1983

Academic Service

Associate editor of theJournal of Financial and Quantitative Analysis, 1985-1993
Program committee member for the Western Finance Association, 1988
Member of numerous UW and Business School committees, including dissertation committees