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Economic Development, Faculty & Staff Focus, Research

LSU Finance Professor Receives $150K Grant from BP

09/24/2010 09:48 AM

BATON ROUGE – Kelley Pace, a professor of finance in the E. J. Ourso College of Business and the Louisiana Real Estate Commission Chair of Real Estate, has received a $150,000 grant from British Petroleum for his research efforts regarding the Gulf of Mexico.


A proposal by Pace, titled “Decision Making in Post-Catastrophe Uncertainty: An Examination of Impacts of the Gulf of Mexico Oil Spill on Local Business in Coastal Louisiana,” will receive funding through August 2011.


“Louisiana coastal firms have been subjected to various hurricanes over the last decade,” Pace said. “Now those same firms are dealing with the aftermath of the oil spill and the moratorium.”


According to Pace, his research seeks to disentangle the effects of these various events and will require the services of a doctoral student from the Department of Finance for one year, a graduate student in environmental sciences and some undergraduate students from the Public Policy Research Lab.


“The grant mainly funds data collection and the resulting data will be used in seeking additional research funding from external sources such as the NSF (National Science Foundation),” Pace said. “However, there will be some basic analysis of the data that will be made available to the public by the end of the current grant.”


The Department of Finance at LSU’s E. J. Ourso College of Business offers high quality programs for undergraduate and graduate students interested in careers in corporate finance, asset management, real estate, insurance, banking, financial planning and business law. Aiming to create exciting educational opportunities for its students, the department employs tools such as the Securities Markets Analysis Research and Trading, or SMART, Lab. This 44-station simulated interactive trading floor enables students to gain practical experience in the fast-paced world of securities analysis, research and trading. Additionally, the Department of Finance encourages, supports and conducts research in real estate by housing the nationally renowned Real Estate Research Institute.


For more information, visit, call 225-578-6291, or e-mail

E. J. Ourso College of Business