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Stephen Morrissette, Ph.D.

Professor of Business Administration, 2010

B.A., B.S., University of St. Francis
MBA, University of Chicago
Ph.D., Union Institute & University

Dr. Morrissette teaches Finance and Strategy at University of St. Francis as well as Merger & Acquisition Strategy at University of Chicago Booth School of Business.  His expertise and research areas include: Strategic Planning, Entrepreneurial Finance, Exit Planning, Mergers and Acquisitions, and Merger Integration.  He has numerous publications including “A Framework for Validating an M&A Deal Investment Thesis” in the Journal of Accountancy and Finance.  As Managing Director of Providence Advisors, he has extensive consulting experience in strategic planning and M&A.  He works extensively with large private, family-owned businesses. He raised over $100 million in equity as the founding CEO of a new bank group headquartered in Illinois.  His M&A experience ranges from private company deals with values of $25-500 million and integration roles on billion-dollar transactions.  He serves on several corporate and non-profit boards.  He holds an MBA from the University of Chicago and a PhD in Finance.

Educational Credentials

PhD, Entrepreneurial Finance, Union Institute & University, 2006
MBA, Finance and Strategy, University of Chicago, With Honors, 1990
BS, Management Information Systems, University of St. Francis, Summa Cum Laude, 1986
BA, English Literature, University of St. Francis, Magna Cum Laude, 1983

Teaching Areas

  • Strategy
  • Finance
  • Entrepreneurship
  • Mergers & Acquisitions

Research Interests

  • Mergers & Acquisitions
  • Entrepreneurial Finance
  • Banking

 

Professional Affiliations

  • Member, Academy of Finance
  • Faculty Associate, American College of Healthcare Executives
  • Member, Delta Mu Delta National Business Honor Society
  • Member, Upsilon Phi Delta National Healthcare Administration Honor Society
  • Member, Fellowship of Catholic Scholars
  • Member, American Association of Bank Directors
  • Director, Synergy Surgicalists Inc
  • Director, Record Connect Inc
  • Advisory Board, HData

 

Recent Publications:

Books:

Profiles and Investment Motivations of De Novo Bank Founding Investors. 2014. Berlin, Germany: Scholars Press. ISBN 978-639-71104-2

Recent Publications:

“The Current Microtrend Of Banks Buying Credit Unions”, CU Management Magazine, June 2019.

“New ‘Merger’ Option”, CU Management Magazine, March 2018, Vol 41. No 3, pp 34-35.

(Contributor) “Breaking New Ground:  The Americas Alternative Finance Benchmarking Report”, Cambridge Judge Business School & University of Chicago Polsky Entrepreneurship Center, 2016.

(Contributor) “Mergers Not About Nerve”, CU Management Magazine, February 2016, Vol 39. No 2; pp 34-36.

“An Investor’s Guide to Search Funds”, co-authored with Shamus Hines, Journal of Private Equity, Summer 2015, Vol. 18, No. 3: pp. 21–40.

 Profiles and Investment Motivations of De Novo Bank Founding Investors. 2014. Berlin, Germany: Scholars Press. ISBN 978-639-71104-2.

“Parallels between Consolidation of the Commercial Banking and Hospital Industries”, International Journal of Business and Social Science, 5 (9), August 2014.

“A Framework for Validating an M&A Deal Investment Thesis”, Transaction Advisors, 2 (3), May 2014. Named as “Top 10 Most Read” articles by Transaction Advisors in 2014.

“The Trustee’s Journey: A board chair re­flects on the rewards and responsibilities of hospital governance”, American Hospital Association Trustee Magazine, May 2014.

Awards

Excellence in Teaching Award 2012, University of St. Francis

Named one of “Trustee’s Most Popular Articles” for 2012 (5 articles were named) for  “Silver Cross Responds to ACO Wake-Up Call”, American Hospital Association Trustee Magazine, April 2012.

Named in the list of “Most Cited Global Investment & Finance Articles” by Institutional Investor Journals for “A Profile of Angel Investors”, Journal of Private Equity, June 2007.

Distinguished Alumni Award 2011, University of St. Francis