Michael Mcshane
2026 CONSTANT HALL
NORFOLK, 23529
Places I've lived:
Kentucky, Oregon (Reed College for 2 years), New Mexico, Japan (Tokyo), Florida, Virginia.
Ph.D. in Finance, University of Mississippi, (2007)
M.B.A. in , Western Kentucky University, (2001)
B.S. in Electrical Engineering, University of New Mexico, (1983)
Contracts, Grants and Sponsored Research
- "Funds to bring a Corporate Risk Management Professional to Campus in March 2024" $1,500. Private. January 2024 - April 2024
- "Funds to Develop Course Modules for Various Emerging Risks" $10,000. Private. March 2023 - January 2024
- "Creation of Digital Twin to evaluate potential cyber-insurance protections in the maritime trade between the UK and the US, while investigating the impact of replacing non-autonomous cargo ships with autonomous ones. " $1,200,000. Federal. -
- "Cyber Security in Shipbuilding Industry: Data Science + Risk Analytics Approach" $38,000. 91ÖÆƬ³§. August 2022 - July 2023
- "Developing Technology Foresight: Case Study of Artificial Intelligence (AI) in InsurTech" $25,000. Private. January 2021 - December 2021
- "Risk Manager in Residence" $9,000. Private. March 2017 - March 2019
- McShane, M. K. " A Tool to Measure Community Stress to Support Disaster Resilience Planning" $270,000. Federal. -
- McShane, M. K. "Assessing the threat of extreme geohazards: A global simulation experiment" $2,700,000. Federal. -
- McShane, M. K. "Community Resilience Center of Excellence Program" $2,600,000. Federal. -
- Pinto, C. Ariel. and McShane, M. K.. "Loss Prevention Engineering" $50,000. Private. August 16, 2012 - August 15, 2014
- McShane, M. K. "Identification of Frequent Co-Morbidities Among Cancer Patients and Variability in Hospital Bill Among these Patients by Insurance Coverage and Socio-Economic Status " $116,427. Federal. -
- McShane, M. K. "Increased Flooding Risk, Mitigation Strategies, and Sustainable Land Use: Simulating Land-Use Changes in a Vulnerable Coastal City." $557,419. Federal. -
- McShane, M. K. "Sea Level Rise in the Chesapeake Bay and Along the Mid-Atlantic Coast as an Indicator for Regional Climatic Changes. Development and Testing of Potential Indicators for the National Climate Assessment Solicitation" $129,999. Federal. -
- McShane, M. K., Kady, R. and Gheorghe, A. V. "Multidisciplinary Investigation of Emerging and Complex Risks: Developing Integrated Risk Management Expertise" $22,000. 91ÖÆƬ³§. January 1, 2010 - November 30, 2010
Expertise
Research Interests
Property-Casualty Insurance, Enterprise Risk Management, Cyber Risk Management and Insurance.
Articles
- McShane, M. K. (2022). Google Scholar Cites: Michael McShane. .
- Shad, M. K., Lai, F., Shamim, K. and McShane, M. K. (2022). The Relationship between Enterprise Risk Management and Cost of Capital. . Asian Academy of Management Journal.
- Poyraz, O., Canan, M., McShane, M. K., Pinto, C. Ariel. and Cotter, T. (2021). Cyber assets at risk: monetary impact of U.S. personally identifiable information mega data breaches. The Geneva Papers on Risk and Insurance - Issues and Practice 45 (4) , pp. 616-638.
- McShane, M. K., Eling, M. and Nguyen, T. (2021). Cyber Risk Management: History and Future Research Directions. Submitted.. Risk Management and Insurance Review 24 (1) , pp. 93-125.
- McShane, M. K. and Nguyen, T. N. (2020). Time Varying Effects of Cyberattacks on Firm Value . The Geneva Papers on Risk and Insurance - Issues and Practice 45 (4) , pp. 580-615.
- Shad, M. Kashif. and McShane, M. K. (2020). The Efficacy of Sustainability Reporting Towards Cost of Debt and Equity Reduction. Environmental Science and Pollution Research 27 , pp. 22511–22522 .
- McShane, M. K. and Yusuf, J. (2019). Towards Better Management of Flood Losses: Flood Insurance in a Wetter World. Public Works Management & Policy 24 (1) , pp. 88-109.
- Marotta, A. and McShane, M. K. (2018). Integrating a Proactive Technique into a Holistic Cyber Risk Management Approach. Risk Management and Insurance Review 21 (3) , pp. 435-452.
- Shetty, S. and McShane, M. K. (2018). Reducing Informational Disadvantages to Improve Cyber Risk Management. Geneva Papers on Risk and Insurance - Issues and Practice 43 (2) , pp. 224-238.
- McShane, M. K. (2018). Enterprise risk management: History and a design science proposal. Journal of Risk Finance 19 (2) , pp. 137-153.
- Nguyen-Feng, V., Beydoun, H., McShane, M. K. and Blando, J. (2015). Disparities in Hospital Services Utilization among Patients with Mental Health Issues: A Statewide Example Examining Insurance Status and Race Factors from 1999-2000.. Journal of Health Disparities Research and Practice 8 (2) , pp. 89-101.
- Bromiley, P., McShane, M. K., Nair, A. and Rustambekov, E. (2015). Enterprise Risk Management: Review, Critique and Research Directions. Long Range Planning 48 (4) , pp. 265-276.
- Bharathy, G. and McShane, M. K. (2014). 91ÖÆƬ³§ing a Systems Model to Enterprise Risk Management. Engineering Management Journal 26 (4) , pp. 38-46.
- Nair, A., Rustambekov, E., McShane, M. K. and Fainshmidt, S. (2014). Enterprise Risk Management as a Dynamic Capability. Managerial and Decision Economics 35 (8) , pp. 555-566.
- Horn, D. and McShane, M. K. (2013). Report on Collaboration of Dr. Diane Horn with Dr. Michael McShane as Part of the Climate Change and Sea Level Rise Initiative.
- Horn, D. and McShane, M. K. (2013). Flooding the Market. Nature Climate Change 3 (11 (November)) , pp. 945-947.
- McShane, M. K., Zhang, T. and Cox, L. A. (2012). Risk Allocation across the Enterprise: Evidence from the Insurance Industry. The Journal of Insurance Issues 35 (1) , pp. 73-99.
- Pinto, C. Ariel., McShane, M. K. and Bozkurt, I. (2012). System of systems perspective on risk: towards a unified concept. International Journal of System of Systems Engineering 3 (1) , pp. 33-46.
- McShane, M. K., Cox, L. A. and Ge, Y. (2012). Early Mover Advantages: Evidence from the Long-Term Care Insurance Market. The Journal of Risk and Insurance 79 (4) , pp. 1115-1141.
- McShane, M. K., Nair, A. and Rustambeckkov, E. (2011). Rating of emotional risk management strategies and their degree of implementation. Journal of Accounting and Finance 26 (4) , pp. 641–65.
- McShane, M. K., Nair, A. and Rustambekov, E. (2011). Does Enterprise Risk Management Increase Firm Value?. Journal of Accountng, Auditing, and Finance 26 (4) , pp. 641-658.
- McShane, M. K., Cox, L. A. and Butler, R. J. (2010). Regulatory competition and forbearance: Evidence from the life insurance industry. Journal of Banking and Finance 34 (3) , pp. 522-532.
- McShane, M. K., Wells, B., Epermanis, K. and Cox, L. A. (2009). Asset-Liability Management Problems in the Life Insurance Industry: Lessons from the Past.
- McShane, M. K. and Cox, L. A. (2009). Issuance Decisions and Strategic Focus: The Case of Long-Term Care Insurance. The Journal of Risk and Insurance 76 (1) , pp. 87-108.
- Wells, B. P., Epermanis, K., Cox, L. A. and McShane, M. K. (2009). Risky Asset Substitution in the Insurance Industry: A Historical Example. Journal of Insurance Regulation 27 (3) , pp. 67-90.
Books
- McShane, M. K. (2007). Strategic Focus, Liability Issuance, and Benefits of Multi-jurisdictional Regulation in the United States Insurance Industry. ProQuest.
Book Chapters
- Bromiley, P., McShane, M. K. and Rau, D. (2016). Can strategic risk management contribute to enterprise risk management? A strategic management perspective. Routledge Companion on Strategic Risk Management with contributions from leading risk management scholars Routledge.
Conference Proceeding
- Pinto, C. Ariel., Tolk, A. and McShane, M. K. (2011). Emerging M&S Application in Risk Management Proceedings of the 2011 Emerging M&S Applications in Industry and Academia Symposium (pp. 92–96) San Diego, CA, USA: Society for Computer Simulation International.
- Pinto, C. Ariel., McShane, M. K. and Kady, R. (2010). Risk and system-of-systems: toward a unified concept Proceedings of Annual Conference of the American Society for Engineering Management.
Presentations
- Pinto, C. Ariel. and McShane, M. K. (December 6, 2022). Cyber Risk of Shipbuilding Supply Network: Data Science + Risk Analytics Approach Paper Society of Risk Analysis (SRA), 2022 Annual Meeting in Tampa, Florida December 4-8. 2022. Tampa, FL.
- McShane, M. K. (October 5, 2022). Benefits of the Spencer Educational Foundation for the 91ÖÆƬ³§ Risk Management and Insurance (RMI) Program Oral Presentation Virginia Risk and Insurance Management Society (VA RIMS) Conference at Virginia Beach, Virginia .
- McShane, M. K. and Pinto, C. Ariel. (October 5, 2018). Preparing Future Cyber Risk Managers: Bridging Technical and Business Competencies Lecture RIMS Cyber Risk Forum (Industry Conference) Seattle, WA.
- (March 10, 2018). Integrating a Proactive Technique into a Holistic Cyber Risk Management Approach Paper Emerging Risks Conference New York City.
- Horn, D. and McShane, M. K. (December 12, 2013). US National Flood Insurance Program Paper ENHANCE Scientific Think Tank Meeting: Public-Private Partnerships in Flood Risk Management and Insurance Munich, Germany.
- Atkinson, L. P., Ezer, T., De Young, R., McShane, M. K. and McFarlane, B. (November 6, 2012). Accelerating Sea Level Rise and Stakeholder Response Oral Presentation Geological Society of America (GSA) Annual Meeting Charlotte, NC.
- Nguyen, V., Baydoun, H., McShane, M. K. and Blando, J. (March 16, 2012). Evaluation of mental health policies by payer status and race Oral Presentation American Psychology-Law Society: Division 41 San Juan, Puerto Rico.
- McShane, M. K., Pinto, C. Ariel. and Tolk, A. (April 6, 2011). Emerging Modeling and Simulation Application in Risk Management 2011 Spring Simulation Multiconference .
- McShane, M. K., Pinto, C. Ariel. and Tolk, A. ( 2010). Risk and System of Systems: Toward a Unified Concept American Society for Engineering Management .
- Gandhi, J. and McShane, M. K. (October 29, 2010). Understanding Globalization and Risk Management for the 21st Century Engineer Oral Presentation American Society for Engineering Education (ASEE) Middle Atlantic Section meeting .
- McShane, M. K. and Cox, L. A. (April , 2007). Benefits of Multi-Jurisdictional Regulation of the Life Insurance Industry: Fact or Fiction? Oral Presentation Risk Theory Society State College Pennsylvania.
- McShane, M. K. and Cox, L. (August , 2006). Benefits of Multi-Jurisdictional Regulation of the Life Insurance Industry: Fact or Fiction? •American Risk and Insurance Association (ARIA) Annual Meeting Washington, DC.
- McShane, M. K. (August , 2005). Issuance Decisions and Long-Term Care Insurance •World Risk and Insurance Economic Conference (WRIEC) Salt Lake City, UT.
- McShane, M. K. (November , 2004). Issuance Decisions and Long-Term Care Insurance •Southern Risk and Insurance Association (SRIA) Annual Meeting Charleston, SC.
- 2019: EV Williams Fellowship. Service and Teaching Award. Awarded on the basis of an established record of excellence in teaching and service effectiveness. 2019 to 2021.,
- 2019: "Most Inspirational Faculty" for 91ÖÆƬ³§ Student who received the Kaufman Award in May 2019. Elizabeth Trahadias, Math major and Risk Management and Insurance (RMI) minor who is president of our RMI Student Club.,
- 2018: Shining Star Award: Fall 2018. For being recognized by students for demonstrating evidence of helping students succeed academically, professionally, or personally inside and outside of the class-room setting,
- 2016: Most Inspirational Faculty in College of Business. Each semester, the student with the best GPA picks their most inspirational faculty member who is honored at a reception and at commencement.,
- 2016: EV Williams Fellowship. Overall Award. Awarded on the basis of an established record of excellence in research and teaching and service effectiveness. 2016 to 2018,
- 2016: Outstanding Tenured Faculty Teaching Award in the Strome College of Business.,
- 2015: Highly Commended Award. A best paper award for articles published in the Engineering Management Journal. Paper: 91ÖÆƬ³§ing a Systems Model to Enterprise Risk Management., American Society for Engineering Management (ASEM)
- 2015: Most Inspirational Faculty in College of Business. Each semester, the student with the best GPA picks their most inspirational faculty member who is honored at a reception and at commencement.,
- 2014: EV Williams Research Fellow. oAwarded on the basis of an established record of excellence in research and teaching and service effectiveness. 2012 to 2014 ,
- 2011: Outstanding Service Award, 91ÖÆƬ³§ College of Business and Public Administration