Expertise

Business valuations, accounting, value determinants of closely held companies, stock market perceptions of employee stock ownership plans. 

Biography At-a-Glance

Keith Sellers joined the Daniels College of Business in 2011. Prior to joining the School of Accountancy, he was a professor at the University of North Alabama’s College of Business, where he was the LaGrange Eminent Scholar of Business Valuation. Sellers is an experienced business valuation consultant and has performed more than 400 valuations for clients in the banking, construction, manufacturing, retail and service sectors all across the country. He is also cofounder of a consulting and software development company that specializes in the valuation of employee stock options, warrants, convertible equity securities and other derivative financial instruments. Prior to teaching at the University of North Alabama, Sellers taught at Fort Lewis College and the Sam M. Walton College of Business at the University of Arkansas. 

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Education

• Doctor of Business Administration, University of Memphis                
• Master of Taxation, University of Denver                                           
• BS, Accounting, University of Tennessee at Knoxville                 

Academic Professional Activities

• “Twenty Questions: Getting to an Informed Assessment of Industry Risk,” The Value Examiner, May/June 2011. With D. Balch and S. Borah.
• “Volatility in Estimates of Industry Risk Premia and Its Implications,” The Value Examiner, March/April 2011. Article was awarded the National Association of Certified Valuation Analysts’ Dr. Rosemarie O. Smith Academic Research Award for 2010. With P. Williams
• “Using Binomial Lattice Models to Value the Components Of a Complex Capital Structure,” Business Valuation Review, Vol. 29, Winter 2011.
• “Share-Based Compensation and the Value of Closely Held Businesses,” Valuation Strategies, July/August 2009. With B. King and Y. Huang. 

Academic Positions Held

• Associate Professor, School of Accountancy, Daniels College of Business
• Professor, University of North Alabama, College of Business         
• Director, Associate Professor, Fort Lewis College,
• Department of Accounting                                                              
• Associate Professor, Assistant Professor, University of Arkansas,
• Sam M. Walton College of Business                                                  

Courses Taught

• Intermediate Accounting
• Topics and Cases in Financial Accounting