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Faculty Directory

Edward Rice
Office: 569
Phone: 206-543-4480
Fax: 206-543-7472

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
William W. Alberts Endowed Professor


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

Selected Publications

  1. Corporate Tax Cuts, Merger Activity, and Shareholder Wealth
    Journal Article:Blouin, J., Fich, E., Rice, Edward, Tran, A., (2021). Journal of Accounting and Economics, Vol. 71(1),
  2. Contractual Revisions in Compensation: Evidence from Merger Bonuses to Target CEOs
    Journal Article:Fich, E., Rice, E., & Tran, A., (2016). Journal of Accounting and Economics, Vol. 61(2-3), pp. 338-368.
  3. Organizational Form, Share Transferability, and Firm Performance: Evidence from the ANCSA Corporations
    Journal Article:Karpoff, J. M., & Rice, E., (1989). Journal of Financial Economics, Vol. 21(4), pp. 69-105.
  4. Experimental Support for the Economic Theory of Risk Averse Behavior
    Journal Article:Allen, R., Harstad, R., & Rice, E., (1987). The Social Science Review, Vol. VII(2),
  5. The Theory of Price-changing and Monopoly Power
    Journal Article:Rice, E., & Simon, J., (1984). Journal of Post-Keynesian Economics, Vol. 6(2), pp. 198-213.
  6. Going Private: Minority Freezeouts and Stockholder Wealth
    Journal Article:DeAngelo, H., DeAngelo, L., & Rice, E., (1984). Journal of Law and Economics, Vol. 27(2), pp. 67-401.
  7. Going Private: The Effects of a Change in Corporate Ownership Structure
    Journal Article:DeAngelo, H., DeAngelo, L., & Rice, E., (1984). Midland Corporate Finance Journal,
  8. Antitakeover Charter Amendments and Stockholder Wealth
    Journal Article:DeAngelo, H., & Rice, E., (1983). Journal of Financial Economics, Vol. 11(1-4), pp. 329-359.
  9. Rent-seeking and Welfare Loss
    Journal Article:Rice, E., & Ulen, T., (1981). Research in Law and Economics, Vol. 3, pp. 806-862.
  10. Measuring Portfolio Performance and the Empirical Content of Asset Pricing Models
    Journal Article:Mayers, D., & Rice, E., (1979). Journal of Financial Economics, Vol. 7(1), pp. 3-28.
  11. Discussion—Finance and Industrial Organization
    Journal Article:Rice, E., & Weston, J., (1976). Journal of Finance, Vol. 31(2), pp. 743-747.


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