Professor of Finance

Year Joined RCNJ: 1998

Contact Information

• Phone: (201) 684-7037
• Email: jhecht@ramapo.edu
• Office: ASB-208

Education:

• B.A., S.U.N.Y., Oneonta
• M.A., S.U.N.Y., Binghamton
• M.A., Ph.D., New School for Social Research

Courses Offered:

• Commercial Bank Management
• Corporate Finance I
• Econometrics
• Financial and Economic Forecasting
• Risk Management and Insurance
• Securities and Investments

Teaching Interest:

• Corporate Finance
• Commercial Bank Management
• Securities and Investments
• Risk Management and Insurance
• Econometrics
• Financial and Economic Forecasting

Research Interest:

• Stock Returns and Real Profitability
• Pooling Models of Profitability
• Competition and Technological Change in Financial Services
• Duration, Convexity, and Interest Rate Risk in ALM for Banking and Insurance Companies
• Financial and Economic History

Recent Publications:

• Hecht, J. (2023) Are Long Waves 50 Years? Reexamining Economic and Financial Long Wave Periodicities in Kondratieff and Schumpeter. Review of Political Economy 36:4, 21-228
• Hecht, J. (2018).  Research and Development and Labor Productivity:Do High-Tech Firms Exhibit Labor or Capital Saving Technical Change? Applied Economics, 50:3, 234-255.
• Hecht, J. (2017) Profitability and Persistence of New Jersey Community Banks.   Banking and Finance Review, 9:2, 1-18.
• Hecht, J. (2014). Is net stock issuance relevant to capital formation? Comparing heterodox models of firm-level capital expenditures across the advanced and largest developing economies. Cambridge Journal of Economics. 38 (5), 1171-1206.
• Hecht, J. (2014). Is Equity Finance, Macroeconomic Growth and Capital Intensity Relevant to Firm-Level R&D Expenditures? International Journal of Economics and Finance. 6 (9), 11-27
• Hecht, J. (2013). Are mega-corps competitive? Some empirical test of business competition, Alternative Theories of Competition, (Eds) Moudud, J., Bina, C., Mason, P.L., (London: Routledge)
• Hecht, J. & Haye, E. M. (2009).  Modeling the Recent Capital Structure of American, Chinese, and Indian Firms.   Financial Decisions, 21 (1).
• Hecht, J. & Haye, E. M. (2009).  Pooling vs. Panel Models of Leverage for American, Asian, and European Firms.   European Journal of Economics, Finance, and Administrative Sciences.
• Hecht, J. (2008).  Modeling Profitability and Capital Intensity Using Panel Corrected Significance Tests.   Applied Financial Economics, 18 (18), 1501-1513.