A student-managed investment fund course design structure

Michael Phillips (Department of Accounting, Finance and Economics, Austin Peay State University, Clarksville, Tennessee, USA)
John Volker (Department of Management, Austin Peay State University, Clarksville, Tennessee, USA)
Susan Cockrell (Department of Accounting, Finance and Economics, Austin Peay State University, Clarksville, Tennessee, USA)

Managerial Finance

ISSN: 0307-4358

Publication date: 7 March 2019

Abstract

Purpose

The purpose of this paper is to provide a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own student-managed investment fund (SMIF) course experience that is relevant for all undergraduate business majors.

Design/methodology/approach

The design is suitable for a wide audience without prior equity investment expertise, lead to equity portfolio management competency and concentrate heavily on the understanding of the elements of a competitive business model. One noteworthy aspect of the proposed pedagogy is that it does not require a text, uses only real-world resources and is flexible in its execution.

Findings

The proposed pedagogy has achieved long-term success by consistently exceeding performance expectations.

Originality/value

According to the extant literature, many SMIFs are restricted to only a few students, develop skills unevenly across class participants, or are not formally organized or executed. There is a lack of in-depth and specific resources available in the extant literature to assist course designers in an SMIF design and execution. This manuscript fills this void by providing a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own SMIF course experience.

Keywords

Citation

Phillips, M., Volker, J. and Cockrell, S. (2019), "A student-managed investment fund course design structure", Managerial Finance, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/MF-03-2018-0121

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Publisher

:

Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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