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College of Business

Sherrill L. Shaffer

Emeritus Guthrie Distinguished Professor of Banking and Financial Services

PhD, Stanford University
BA, Rice University  • (307) 766-2173 • BU 389 West

Research Interests:  Banking, Financial Markets and Regulation

Teaching: Banking, Financial Markets, and Financial Economics

Select Publications:

“The Panzar-Rosse Revenue Test and Market Power in Banking,” with Laura Spierdijk, Journal of Banking and Finance(forthcoming; accepted September 2015).

“Time Compression and Saving Rates,” Journal of Neuroscience, Psychology, and Economics, with David Aadland (forthcoming; accepted August 2015).

“Reciprocal Brokered Deposits, Bank Risk, and Recent Deposit Insurance Policy,” with Guo Li, North American Journal of Economics and Finance 33, 2015, 366-384 (accepted June 2015).  

“New Small Firms and Dimensions of Economic Performance,” with Iftekhar Hasan and Mingming Zhou, Economic Development Quarterly, 29 (1), 2015, 65-78.

“Rural Economic Performance and U.S. Federal Credit Programs,” with Robert N. Collender, Journal of Rural and Community Development 9 (3), 2014, 42-61.

”A Test of Competition in Chinese Banking,” with Botao Qin, Applied Economics Letters 21 (9), 2014, 602-604.

“Information Immobility, Industry Concentration, and Institutional Investors’ Performance,” coauthored with Mark Fedenia and Hilla Skiba, Journal of Banking and Finance 37 (6), June 2013, 2140-2159.

“Coerced Reciprocity and the Leverage Theory,” with Kalyn Coatney, Journal of Competition Law and Economics 9 (2), June 2013, 473-493 (an Oxford journal).

”Reciprocal Deposits and Incremental Bank Risk,” Applied Economics 45 (34), 2013, 4857-4860.

“Bank Loans to Newly Public Firms,” with Tatyana Sokolyk, Journal of Entrepreneurial Finance 16 (2), Spring 2013, 33-56.

“Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium,” with Jakob A. Bikker and Laura Spierdijk, Review of Economics and Statistics 94 (4), November 2012, 1025-1044.

Dr. Sherrill Shaffer
Contact Us

Accounting and Finance

Department 3275

1000 E. University Avenue

Laramie, WY 82071

Phone: (307) 766-3136


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