
Challenges students to grow and excel.
Tom Miller is a Full Professor of Finance in the Department of Economics, Finance, and Quantitative Analysis within the Coles College of Business at Kennesaw State University. He earned his Doctor of Business Administration (DBA) in Quantitative Business Analysis from Indiana University in 1974 and has been a faculty member at Kennesaw State University since 1989. As a prominent figure in Business & Economics, Professor Miller specializes in finance, teaching primary areas in economics and finance. He serves as an advisor to the Kennesaw State University Student Managed Investment Fund, guiding students in practical investment management and global engagement opportunities.
Professor Miller's research specializations include finance, econometrics, and statistics, with emphases on time-series forecasting, cash flow forecasting systems, mutual fund performance evaluation accounting for nonstationarity, neural networks enhanced by data augmentation and AutoML, global environmental management through corporate reporting, and dynamic responses of energy prices to oil shocks. His key publications demonstrate substantial contributions to these fields. Among his most cited works are 'Improving global environmental management with standard corporate reporting' (2015, 117 citations), 'Nonstationarity and evaluation of mutual fund performance' (1980, 74 citations), 'The Value of Short-Term Cash Flow Forecasting Systems' (1996, 43 citations), and 'Improving neural networks for time-series forecasting using data augmentation and AutoML' (2021, 42 citations). Additional significant papers include 'Daily cash forecasting with multiplicative models of cash flow patterns' (1987), 'Drivers of the Value of the Firm: Profitability, Growth, and Capital Intensity' (2004, with Richard E. Mathisen), 'The Market-Implied Economic Lives of Advertising Expenses and R&D Expenses' (2005, with Richard W. Mathisen), 'Terminal values for firms with growth opportunities: explaining differences between DCF and market values' (2017), and 'Dynamic responses of energy prices to oil price shocks' (2023). 'Comparison of Cash Flow and Accounting Based Approaches' (2017) further highlights his expertise in valuation methodologies. Through these works, Professor Miller has advanced methodologies for financial forecasting, firm valuation, and performance assessment in academic and practical contexts.