TVA investment challenge: an experiential learning program

Mahmoud Mustafa Haddad (College of Business and Public Affairs, University of Tennessee at Martin, Martin, Tennessee, USA)
Arnold L. Redman (College of Business and Public Affairs, University of Tennessee at Martin, Martin, Tennessee, USA)
Nell S. Gullett (College of Business and Public Affairs, University of Tennessee at Martin, Martin, Tennessee, USA)

Managerial Finance

ISSN: 0307-4358

Publication date: 13 May 2019

Abstract

Purpose

The Tennessee Valley Authority (TVA) provided funds to 25 universities in its service region for the establishment of student-managed investment funds (SMIF). The purpose of this paper is to examine the TVA Investment Challenge Program and its implementation at The University of Tennessee at Martin (UTM).

Design/methodology/approach

Each university has the freedom to structure the process for students to manage its investment fund as it chooses. This paper provides a description of the overall Investment Challenge Program and the specific Program at UTM.

Findings

The Investment Challenge Program is a valuable experiential learning opportunity for finance majors at UTM. Participating students enhance their portfolio management knowledge, their written and oral communication skills, and their employment opportunities.

Research limitations/implications

The paper is limited to TVA Portfolio guidelines and managerial style.

Practical implications

Faculty who supervise similar programs at other universities may be able to replicate some aspects of the program’s design.

Originality/value

The paper describes the TVA Investment Challenge, a unique program of SMIF. TVA provided funds to 25 universities with the stipulation that the student managers adhere to the same guidelines as TVA’s professional money managers. The university is a participant in the Program.

Keywords

Citation

Haddad, M., Redman, A. and Gullett, N. (2019), "TVA investment challenge: an experiential learning program", Managerial Finance, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/MF-08-2018-0387

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Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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