Ïã¸ÛÁùºÏ²Ê×ÊÁÏ

Ph.D. in Finance, University of Mississippi, (2007)

M.B.A. in , Western Kentucky University, (2001)

B.S. in Electrical Engineering, University of New Mexico, (1983)

Expertise

Research Interests

Property-Casualty Insurance, Enterprise Risk Management, Cyber Risk Management and Insurance.

Articles

MCSHANE CITES (2024). CITES: 401 in 2024, 2030 since 2019, Career since 2007: 2846 .

Javadnejad, F., Abdelmagid, A. M., Pinto, C. A., McShane, M. K. and Diaz, R. (2024). An exploratory data analysis of malware/ ransomware cyberattacks: insights from an extensive cyber loss dataset. Enterprise Information Systems IMPACT FACTOR 4.4.

Shad, M. K., Lai, F., Shamim, K. and McShane, M. K. (2022). The Relationship between Enterprise Risk Management and Cost of Capital. . Asian Academy of Management Journal IMPACT FACTOR 1.47.

Poyraz, O., Canan, M., McShane, M. K., Pinto, C. Ariel. and Cotter, T. (2021). Cyber assets at risk: monetary impact of U.S. personally identifiable information mega data breaches. The Geneva Papers on Risk and Insurance - Issues and Practice IMPACT FACTOR 1.82.

McShane, M. K., Eling, M. and Nguyen, T. (2021). Cyber Risk Management: History and Future Research Directions. Submitted.. Risk Management and Insurance Review IMPACT FACTOR 1.16.

McShane, M. K. and Nguyen, T. N. (2020). Time Varying Effects of Cyberattacks on Firm Value . The Geneva Papers on Risk and Insurance - Issues and Practice 45 (4) , pp. 580-615.

Shad, M. Kashif. and McShane, M. K. (2020). The Efficacy of Sustainability Reporting Towards Cost of Debt and Equity Reduction. Environmental Science and Pollution Research 27 , pp. 22511–22522 .

McShane, M. K. and Yusuf, J. (2019). Towards Better Management of Flood Losses: Flood Insurance in a Wetter World. Public Works Management & Policy 24 (1) , pp. 88-109.

Marotta, A. and McShane, M. K. (2018). Integrating a Proactive Technique into a Holistic Cyber Risk Management Approach. Risk Management and Insurance Review 21 (3) , pp. 435-452.

Shetty, S. and McShane, M. K. (2018). Reducing Informational Disadvantages to Improve Cyber Risk Management. Geneva Papers on Risk and Insurance - Issues and Practice 43 (2) , pp. 224-238.

McShane, M. K. (2018). Enterprise risk management: History and a design science proposal. Journal of Risk Finance 19 (2) , pp. 137-153.

Nguyen-Feng, V., Beydoun, H., McShane, M. K. and Blando, J. (2015). Disparities in Hospital Services Utilization among Patients with Mental Health Issues: A Statewide Example Examining Insurance Status and Race Factors from 1999-2000.. Journal of Health Disparities Research and Practice 8 (2) , pp. 89-101.

Bromiley, P., McShane, M. K., Nair, A. and Rustambekov, E. (2015). Enterprise Risk Management: Review, Critique and Research Directions. Long Range Planning 48 (4) , pp. 265-276.

Bharathy, G. and McShane, M. K. (2014). Ïã¸ÛÁùºÏ²Ê×ÊÁÏing a Systems Model to Enterprise Risk Management. Engineering Management Journal 26 (4) , pp. 38-46.

Nair, A., Rustambekov, E., McShane, M. K. and Fainshmidt, S. (2014). Enterprise Risk Management as a Dynamic Capability. Managerial and Decision Economics 35 (8) , pp. 555-566.

Horn, D. and McShane, M. K. (2013). Report on Collaboration of Dr. Diane Horn with Dr. Michael McShane as Part of the Climate Change and Sea Level Rise Initiative.

Horn, D. and McShane, M. K. (2013). Flooding the Market. Nature Climate Change 3 (11 (November)) , pp. 945-947.

McShane, M. K., Zhang, T. and Cox, L. A. (2012). Risk Allocation across the Enterprise: Evidence from the Insurance Industry. The Journal of Insurance Issues 35 (1) , pp. 73-99.

Pinto, C. Ariel., McShane, M. K. and Bozkurt, I. (2012). System of systems perspective on risk: towards a unified concept. International Journal of System of Systems Engineering 3 (1) , pp. 33-46.

McShane, M. K., Cox, L. A. and Ge, Y. (2012). Early Mover Advantages: Evidence from the Long-Term Care Insurance Market. The Journal of Risk and Insurance 79 (4) , pp. 1115-1141.

McShane, M. K., Nair, A. and Rustambeckkov, E. (2011). Rating of emotional risk management strategies and their degree of implementation. Journal of Accounting and Finance 26 (4) , pp. 641–65.

McShane, M. K., Nair, A. and Rustambekov, E. (2011). Does Enterprise Risk Management Increase Firm Value?. Journal of Accountng, Auditing, and Finance 26 (4) , pp. 641-658.

McShane, M. K., Cox, L. A. and Butler, R. J. (2010). Regulatory competition and forbearance: Evidence from the life insurance industry. Journal of Banking and Finance 34 (3) , pp. 522-532.

McShane, M. K., Wells, B., Epermanis, K. and Cox, L. A. (2009). Asset-Liability Management Problems in the Life Insurance Industry: Lessons from the Past.

McShane, M. K. and Cox, L. A. (2009). Issuance Decisions and Strategic Focus: The Case of Long-Term Care Insurance. The Journal of Risk and Insurance 76 (1) , pp. 87-108.

Wells, B. P., Epermanis, K., Cox, L. A. and McShane, M. K. (2009). Risky Asset Substitution in the Insurance Industry: A Historical Example. Journal of Insurance Regulation 27 (3) , pp. 67-90.

Books

McShane, M. K. (2007). Strategic Focus, Liability Issuance, and Benefits of Multi-jurisdictional Regulation in the United States Insurance Industry. ProQuest.

Book Chapters

Bromiley, P., McShane, M. K. and Rau, D. (2016). Can strategic risk management contribute to enterprise risk management? A strategic management perspective. Routledge Companion on Strategic Risk Management with contributions from leading risk management scholars Routledge.

Conference Proceeding

Pinto, C. Ariel., Tolk, A. and McShane, M. K. (2011). Emerging M&S Application in Risk Management Proceedings of the 2011 Emerging M&S Applications in Industry and Academia Symposium (pp. 92–96) San Diego, CA, USA: Society for Computer Simulation International.

Pinto, C. Ariel., McShane, M. K. and Kady, R. (2010). Risk and system-of-systems: toward a unified concept Proceedings of Annual Conference of the American Society for Engineering Management.

Presentations

Pinto, C. Ariel. and McShane, M. K. (December 6, 2022). Cyber Risk of Shipbuilding Supply Network: Data Science + Risk Analytics Approach Paper Society of Risk Analysis (SRA), 2022 Annual Meeting in Tampa, Florida December 4-8. 2022. Tampa, FL.

McShane, M. K. (October 5, 2022). Benefits of the Spencer Educational Foundation for the Ïã¸ÛÁùºÏ²Ê×ÊÁÏ Risk Management and Insurance (RMI) Program Oral Presentation Virginia Risk and Insurance Management Society (VA RIMS) Conference at Virginia Beach, Virginia .

McShane, M. K. and Pinto, C. Ariel. (October 5, 2018). Preparing Future Cyber Risk Managers: Bridging Technical and Business Competencies Lecture RIMS Cyber Risk Forum (Industry Conference) Seattle, WA.

(March 10, 2018). Integrating a Proactive Technique into a Holistic Cyber Risk Management Approach Paper Emerging Risks Conference New York City.

Horn, D. and McShane, M. K. (December 12, 2013). US National Flood Insurance Program Paper ENHANCE Scientific Think Tank Meeting: Public-Private Partnerships in Flood Risk Management and Insurance Munich, Germany.

Atkinson, L. P., Ezer, T., De Young, R., McShane, M. K. and McFarlane, B. (November 6, 2012). Accelerating Sea Level Rise and Stakeholder Response Oral Presentation Geological Society of America (GSA) Annual Meeting Charlotte, NC.

Nguyen, V., Baydoun, H., McShane, M. K. and Blando, J. (March 16, 2012). Evaluation of mental health policies by payer status and race Oral Presentation American Psychology-Law Society: Division 41 San Juan, Puerto Rico.

McShane, M. K., Pinto, C. Ariel. and Tolk, A. (April 6, 2011). Emerging Modeling and Simulation Application in Risk Management 2011 Spring Simulation Multiconference .

McShane, M. K., Pinto, C. Ariel. and Tolk, A. ( 2010). Risk and System of Systems: Toward a Unified Concept American Society for Engineering Management .

Gandhi, J. and McShane, M. K. (October 29, 2010). Understanding Globalization and Risk Management for the 21st Century Engineer Oral Presentation American Society for Engineering Education (ASEE) Middle Atlantic Section meeting .

McShane, M. K. and Cox, L. A. (April , 2007). Benefits of Multi-Jurisdictional Regulation of the Life Insurance Industry: Fact or Fiction? Oral Presentation Risk Theory Society State College Pennsylvania.

McShane, M. K. and Cox, L. (August , 2006). Benefits of Multi-Jurisdictional Regulation of the Life Insurance Industry: Fact or Fiction? •American Risk and Insurance Association (ARIA) Annual Meeting Washington, DC.

McShane, M. K. (August , 2005). Issuance Decisions and Long-Term Care Insurance •World Risk and Insurance Economic Conference (WRIEC) Salt Lake City, UT.

McShane, M. K. (November , 2004). Issuance Decisions and Long-Term Care Insurance •Southern Risk and Insurance Association (SRIA) Annual Meeting Charleston, SC.

• 2019: EV Williams Fellowship. Service and Teaching Award. Awarded on the basis of an established record of excellence in teaching and service effectiveness. 2019 to 2021.,
• 2019: "Most Inspirational Faculty" for Ïã¸ÛÁùºÏ²Ê×ÊÁÏ Student who received the Kaufman Award in May 2019. Elizabeth Trahadias, Math major and Risk Management and Insurance (RMI) minor who is president of our RMI Student Club.,
• 2018: Shining Star Award: Fall 2018. For being recognized by students for demonstrating evidence of helping students succeed academically, professionally, or personally inside and outside of the class-room setting,
• 2016: Most Inspirational Faculty in College of Business. Each semester, the student with the best GPA picks their most inspirational faculty member who is honored at a reception and at commencement.,
• 2016: EV Williams Fellowship. Overall Award. Awarded on the basis of an established record of excellence in research and teaching and service effectiveness. 2016 to 2018,
• 2016: Outstanding Tenured Faculty Teaching Award in the Strome College of Business.,
• 2015: Highly Commended Award. A best paper award for articles published in the Engineering Management Journal. Paper: Ïã¸ÛÁùºÏ²Ê×ÊÁÏing a Systems Model to Enterprise Risk Management., American Society for Engineering Management (ASEM)
• 2015: Most Inspirational Faculty in College of Business. Each semester, the student with the best GPA picks their most inspirational faculty member who is honored at a reception and at commencement.,
• 2014: EV Williams Research Fellow. oAwarded on the basis of an established record of excellence in research and teaching and service effectiveness. 2012 to 2014 ,
• 2011: Outstanding Service Award, Ïã¸ÛÁùºÏ²Ê×ÊÁÏ College of Business and Public Administration