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Faculty Member

Adam Welker

Biography

Adam is an Assistant Professor of Finance at UVU and is the program director of the Wolverine Fund, UVU's student-run, student-led venture capital fund. He previously worked in Citigroup’s investment banking division in New York where he advised companies around the globe on a full range of corporate finance issues. Prior experience also includes positions with Banco Itaú in São Paulo, Brazil, and with Intermountain Healthcare in Utah. He previously taught at Penn State and Tulane University. Adam received bachelor’s and master’s degrees from Utah State University and a doctoral degree in business administration (emphasis in finance) from Penn State University

Education

PhD, Penn State University, 2017

Major: Business Administration

MS, Utah State University, 2012

Major: Financial Economics

BS, Utah State University, 2011

Major: Finance

Teaching

FIN 4180

International Finance Management, Spring 2026

FIN 3410

Introduction to Venture Capital Skills, Spring 2026

FIN 3100

Principles of Finance, Spring 2026

FIN 3420R

Wolverine Fund, Spring 2026

Presentations

Welker, Adam (Presenter & Author), 31st Global Finance Conference, "Determinants of Venture Investment in Emerging Markets", Global Finance Association (GLOFIN), Cagliari, Italy. (June 20, 2024)
Welker, Adam (Presenter & Author), Entrepreneurial Finance Association 2024 Annual Meeting, "Determinants of Venture Investment in Emerging Markets", Entrepreneurial Finance Association (ENTFIN), Munich, Germany. (June 11, 2024)
Welker, Adam (Presenter & Author), 2023 Annual Meeting for the Society for the Advancement of Socio Economics, "Determinants of Venture Investment in Emerging and Developing Economies (Determinantes de la inversión de riesgo en economías emergentes y en desarrollo)", Society for the Advancement of Socio Economics, Rio de Janeiro, Brazil. (July 20, 2023)
Welker, Adam (Presenter & Author), 2022 Global Development Finance Conference, "Determinants of Venture Investment in Emerging and Developing Economies", Africagrowth Institute and Chartered Institute of Development Finance, Virtual. (November 17, 2022)
Welker, Adam (Presenter & Author), 2021 Global Development Finance Conference, "Benchmarking the Efficacy of Financial Intermediation in Haiti_ Current Challenges and Suggested Reforms", Africagrowth Institute and Chartered Institute of Development Finance, Virtual. (November 16, 2021)
Welker, Adam (Presenter & Author), FMA 2019 Annual Meeting, "The Impact of CEO Pay Duration on Corporate Investment_ Evidence from FAS 123R", Financial Management Association (FMA), New Orleans, LA. (October 24, 2019)

Scholarly/Creative Works

Brown, Scott M. , Fils-Aime, Jempsy , Array, Paul Latortue, Welker, Adam , (2026) "Banking without governance_ the paradox of financial performance under institutional collapse in Haiti" . Third World Quarterly. https://doi.org/10.1080/01436597.2025.2601807
Brown, Scott , Latortue, Paul , Welker, Adam , (2024) "The Decomposition of Financial Intermediation_ The Case of Haiti" (Issue: 1, vol. 24). Journal of International Finance and Economics. https://dx.doi.org/10.18374/JIFE-24-1.5
Welker, Adam , Zhou, Helper , "Determinants of Venture Investment in Emerging Markets" (Issue: 2, vol. 24). Journal of Emerging Market Finance. https://doi.org/10.1177/09726527241301197
Welker, Adam , (2022) "The impact of mandated option expensing on CEO pay duration_ evidence from FAS 123R" (Issue: 3, vol. 49). Managerial Finance. https://doi.org/10.1108/MF-06-2022-0260
Chatt, Robert , Gustafson, Matthew , Welker, Adam , (2021) "Firing Frictions and the U.S. Mergers and Acquisitions Market" (vol. 128). Journal of Banking and Finance. https://doi.org/10.1016/j.jbankfin.2021.106139

Awards

Dean's Award of Excellence for Scholarship

Woodbury School of Business