Jonathan A. Scott, Ph.D.

Jonathan A. Scott, Ph.D. Associate Professor of Finance Fox School of Business and Management Temple University Philadelphia, PA 19122 Phone: 215.204.7605 Email: jonathan.scott@temple.edu Educational Background Purdue University Ph.D., Economics, 1980 Purdue University M.S. Economics, 1977 University of Cincinnati B.A., Economics, 1972, Magna Cum Laude Positions Held Associate Professor of Finance, Temple University: 1990 to present Acting Dean, School of Business and Management, Temple University: 1995-1996 Associate Dean, School of Business and Management, Temple University: 1991-1994 Federal Home Loan Bank of Dallas: 1984-1990 Assistant Professor of Finance, Southern Methodist University: 1979-1983 Teaching Experience Finance 101/191 (Honors): Introduction to Financial Markets and Institutions Finance W350: Seminar in Finance. I was responsible for the developing and gaining curriculum approval of this writing and technology intensive course. Finance 556: Financing High Growth Firms. This course is focuses on private equity and is unique for the quality of speakers (entrepreneurs, venture capitalists, investment bankers) Finance 401: Corporate Finance

Finance 806 (U.S. and Japan): Corporate Finance (Executive MBA) Executive education: J.P. Morgan, Goldman Sachs, Marsh Inc., Janney Montgomery Scott, LLC. Teaching Awards Leader in Teaching Innnovation, Fox School of Business, 2005 Outstanding SBM Honors Outstanding Teacher Award, 1998 Andrisani-Frank Outstanding Undergraduate Teaching Award, 1999 Musser Award for Excellence in Teaching, 2000 Refereed Publications "Soft Information, Loan Officers and Small Firm Credit Availability," Journal of Small Business Management, forthcoming. Forecasting Unemployment: A Small Business-Based Model, with W.C. Dunkelberg and W.J. Dennis, Jr., Business Economics, XXXIX, 44-49 (October, 2004). Bank Loan Availability and Trade Credit Demand (with M. Danielson), Financial Review, 39, 579-600 (February, 2005). Small Business and the Value of Community Financial Institutions. Journal of Financial Services Research, 25, 207-230 (April/June 2004). "Bank Mergers and Small Firm Financing, (with W.C. Dunkelberg), Journal of Money, Credit and Banking (December, 2003). "Finance and Strategy: Expanding the Scope of Valuation Instruction," (with M. Danielson), Financial Practice and Education, 2001. "The Incidence of Secured Debt: Evidence from the Small Business Community," (with John D. Leeth) The Journal of Financial and Quantitative Analysis, 24 (September 1989). "The Effect of the Bankruptcy Reform Act of 1978 on Small Business Loan Pricing" (with T.C. Smith) Journal of Financial Economics, 16 (1986). "The AT&T Divestiture: Effect of Rating Changes on Bond Returns," (with J.W. Peavy) Journal of Economics and Business, Volume 38 (1986). "The Effect of Stock-for-Debt Swaps on Security Returns," (with J.W. Peavy) The Financial Review, Volume 20 (November 1985). "A Closer Look at Stock-for-Debt Swaps," (with J.W. Peavy) Financial Analysts Journal, 1985.

"The Effect of Stock-for-Debt Swaps on Bank Holding Companies," (with J.W. Peavy and G. Hempel) Journal of Banking and Finance, Volume 9 (1985). "Rural versus Urban Bank Performance: An Analysis of Market Competition for Small business Loans," (with W.C. Dunkelberg) Journal of Bank Research, Volume 15 (Autumn 1984). "Small Business and the Value of Bank-Customer Relationships," (with W.C. Dunkelberg) Journal of Bank Research, (Winter 1984). "Capital Market Influences on Trade Credit Policy," (with W.G. Lewellen and J.J. McConnell) Journal of Financial Research, Volume 3 (Fall 1980). Working Papers Women-Owned Business and Access to Credit: A Time Series Perspective (with M.Z. Treichel), April 2005 Agency Conflicts and Small Firm Investment Decisions (with M. Danielson), January 2005. The Capital Budgeting Decisions of Small Firms, (with M. Danielson), September 2004, presented at the Eastern Finance Association 2005 Annual Meetings. Community Banks and the Boundaries of the Firm, January 2005, accepted for 2005 Financial Management Association Annual Meeting. Why Small Firms Change Banks (with W.C. Dunkelberg), March 2005, Entrepreneurial Firms and Community Banks: Complementary or Conflicting Interests in Banking Relationships? with Bruce D. Phillips, November 2003, submitted to Small Business Economics (under revision). Loan Search and Banking Relationships, (with W. C. Dunkelberg and M. Leeds). March 2004 Small Business Perception of Changes in Competition and Banking Outcomes, (with W.C. Dunkelberg), 2004. Proceedings and Monographs Entrepreneurial Firms and Community Banks: Complementary or Conflicting Interests in Providing Bank Services? United States Association for Small Business and Entrepreneurship National Conference, January 2004 Small Business Indicators of Macroeconomic Activity, (with W.C. Dunkelberg and William J. Dennis, Jr.), NFIB Research Foundation, October 2003. Credit, Banks and Small Business The New Century, (with W.C. Dunkelberg and W.J. Dennis), NFIB Research Foundation, January 2003.

Bank Consolidation and Small Business Lending: A Small Firm Perspective, (with W. C. Dunkelberg), Proceedings of a Federal Reserve System Research Conference on Business Access to Capital and Credit, 1999 "Branch Banking, Market Concentration and the Competition for Small Firm Business," (with J.D. Leeth and W.C. Dunkelberg), Proceedings of a Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago 1987. "Credit Banks and Small Business,"(with W. C. Dunkelberg) National Federation of Independent Business monograph, May 1983. Non-Refereed Publications WorldGate Communications, Inc. (case study), November, 1999 "Sink or Swim for the Federal Home Loan Banks," (with Charlotte Chamberlain) Legal Times, September 16, 1991. "Can Undervalued Securities Be Identified," (with R. Lucchesi), Federal Home Loan Bank Of Dallas Quarterly, Volume 7 (Winter 1989). "Prepayment Risk Throw an Arbitrage Off Track," (with T.C. Smith) Savings Institutions, March 1988. "Synthetic Mortgage Swaps," (with T. Smith) Federal Home Loan Bank Of Dallas Quarterly, Volume 7 (Summer 1988). "PRAM: A New Advance Program," (with M.L. Ochmann) Federal Home Loan Bank Of Dallas Quarterly, Volume 7 (Spring 1988). "Rebalancing: The Final Leap in Risk Controlled Arbitrage," (with T. Smith) Federal Home Loan Bank Of Dallas Quarterly, Volume 6 (Fall 1987). "Standby Letters of Credit Complement Interest Rate Swaps," Federal Home Loan Bank Of Dallas Quarterly, Volume 3 (Winter 1985). "Bank Performance in the Emerging Recovery: A Changing Risk-Return Environment," (with G.H. Hempel), Bankers Magazine, January/February 1984. "Small Business and the Value of Bank-Customer Relationships," (with W.C. Dunkelberg) Journal of Bank Research, (Winter 1984). "Interest Rate Swaps: Choosing the Appropriate Index," Federal Home Loan Bank Of Dallas Quarterly, Volume 3 (Fall 1984). "Interest Rate Swaps: Matching Assets with Liabilities," Federal Home Loan Bank Of Dallas Quarterly, Volume 3 (Summer 1984). "Small Business Evaluates its Relationship with Commercial Banks," (with W.C. Dunkelberg) Bankers Magazine, November/December 1983.

Presentations at Academic Meetings Agency Conflicts and Small Firm Investment Decisions (with M. Danielson), January 2005, Journal of Small Business Management/Office Depot Research Conference, April 2005. The Capital Budgeting Decisions of Small Firms, (with M. Danielson), September 2004, Eastern Finance Association 2005 Annual Meeting, Norfolk, Va.. Why Small Firms Change Banks (with W.C. Dunkelberg), February 2004, Eastern Finance Association 2005 Annual Meeting, Norfolk, Va. Entrepreneurial Firms and Community Banks: Complementary or Conflicting Interests in Providing Bank Services? Academy of Entrepreneurial Finance Annual Meeting, Washington D.C., April 2004 Loan Search and Banking Relationships, Best Paper in Financial Markets and Institutions Track, Eastern Finance Association 2004 Annual Meeting, Mystic CT, April 2004 Small Business and the Value of Community Financial Institutions, Eastern Finance 2004 Association Annual Meeting, Orlando FL, April 2003 Small Business and the Value of Community Financial Institutions, Federal Reserve Bank of Chicago Research Conference: Whither the Community Bank?, March 2003 A Note on Loan Search and Banking Relationships, Eastern Finance Association Annual Meeting, Baltimore MD, April 2002 Bank Performance and Competition: A Small Firm Perspective, Eastern Finance Association Annual Meeting, Charleston SC, April 2001 Consolidation and Small Firm Financing, Small Business Administration Research Conference, Washington, DC, June 2000. Bank Consolidation and Small Business Lending: A Small Firm Perspective, Business Access to Capital and Credit, A Federal Reserve System Research Conference, March 1999. Banking Relationships, Capital Markets and Small Firms, Financial Management Association, Chicago, IL, October 1998 Banking Relationships, Capital Markets and Small Firms, Eastern Finance Association Annual Meeting, Williamsburg, VA, April 1998 Grants Received Small Business Administration, 2005, $20,000 National Federation of Independent Business (with W.C. Dunkelberg), 2001, $10,000

U.S. Department of Agriculture, 1994. Public Service/Media Entrepreneur interview (http://www.entrepreneur.com/article/0,4621,320483,00.html), April 2005 Boston Globe interview on community banks, April 2003 Center for Eastern European Studies banking seminars with Croatian and Bosnian bank regulators (1999-2002) KWY radio interview on First Union/Wachovia merger, April, 2001 WRIT interview, stock market and the economy, March 2001 Letter to editor in response to editorial on macroeconomic policy, February 2001 Sunday Live with Wally Kennedy, The Fed and the economy, January 2001 Daily News interview about state of the economy, October 2000 WRTI interview, Russian debt crisis, August 1998 LA Times interview about Japanese banking crisis, August 1998 Channel 10 interview about Japanese banking crisis, July 1998 Channel 10 interview on market volatility, January 1998 Fox interview on financial planning, December 1997 WRTI interview on First Union/Core States, November 1997 WHYY, discussion of First Union/Core States merger, November 1997 Speech to Philadelphia Bankers, January 1997 External Consulting Federal Home Loan Bank of Dallas: summer 2002, 2003, 2005 Federal Deposit Insurance Corporation: 1991-1992 Federal Housing Finance Board: 1992-93 Causey, Demgen & Moore (certified public accountants): various times