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Faculty Directory

Foster School of Business
University of Washington
Box: 353227
Seattle, WA 98195-3226

Unless a company is about to go out of business, its value is in the income stream it generates, and its assets are simply a necessary means to this end. The best possible company would be one that produced income without any assets. Short of this fantasy, financial performance improves as asset turnover rises.

Robert Higgins

Professor Emeritus of Finance


PhD Stanford University (1969)
MBA Harvard University (1965)
BS Stanford University (1963)

Academic Expertise

risk management

Current Research

Corporate foreign exchange exposure

Positions Held

Professor Emeritus at the University of Washington since 2011
At the University of Washington since 1967
Visiting Professor at Koblenz School of Corporate Management in Germany, 1995, & 1999
Visiting Professor at University of Virginia, 1992-1993
Visiting Professor at IMEDE in Lausanne, Switzerland, 1974-1975
Visiting Associate Professor at Stanford, 1972


Seafirst Bank, Wells Fargo Bank, and Bank of America, bank lending decisions
Various companies, corporate finance and international financial management
Various companies, expert witness on business valuation and capital costs in regulated industries

Honors and Awards

Lex N. Gamble Family Award for Excellence in Case Development and Curriculum Innovation, 2008
Executive MBA Excellence in Teaching Award, North America option, 2008
Executive MBA Excellence in Teaching Award, Regional option, 2006, & 2008
Evening MBA Elective Professor of the Quarter for Winter, 2005
PACCAR Award for Teaching Excellence, 2003
MBA Elective Professor of the Year, 2003
MBA Elective Professor of the Quarter for Winter, 2003
UW Alumni Fund Award, Burlington Northern Foundation Faculty Achievement Award, 1991
Seven MBA Professor of the Year Awards
Five EMBA Excellence in Teaching Awards

Academic Service

Academic director of MBA programs, 1996-1999
Education director of Pacific Coast Banking School, 1984-2995
Associate Dean for Academic Programs, 1984-1987
Director of the Center for the Study of Financial Management, 1990-1993
Managing editor of Journal of Financial and Quantitative Analysis, 1979-1984
Associate Editor of Global Finance Journal, 1989-1991