Loyola University Chicago

Quinlan School of Business

Faculty and Staff

Nicholas Lash

Title/s: Professor

Office #: Schreiber 707

Phone: 312.915.7074

E-mail: nlash@luc.edu


  • PhD, Economics, Wayne State University, 1971
  • MA, Economics, Wayne State University, 1967
  • BA, Economics, Wayne State University, 1962

Research Interests

  • Corruption and Economic and Financial Development
  • Minority Banking
  • Financial intermediation and economic development
  • Microfinance
  • Social Entrepreneurship

Professional & Community Affiliations

Professional Associations

  •  Midwest Finance Association

Professional Activities

Also have refereed for:

  • Review of Financial Economics
  • Journal of Economic Asymmetries
  • Journal of Developing Areas
  • Journal of Money, Credit and Banking
  • Journal of Economics and Business
  • Quarterly Journal of Business Economics
  • Accounting and Business Research
  • Journal of Economics
  • Journal of Developmental Entrepreneurship



Courses Taught

  • FINC 347. Financial Institutions
  • FINC 332. Business Finance
  • FINC 450. Financial Management
  • FINC 456. Management of Financial Institutions
  • FINC 552. Financial Institutions (Bangkok)


  • John F. Kennedy - William Fulbright Scholar in Economics and Finance, National Institute of Development Administration, Bangkok, Thailand (June to October 1988)

  • Undergraduate Business Faculty of the Year Awards: (teaching excellence), Loyola University Chicago (April 1981, April 1992, and April 1998)

  • MBA outstanding Faculty (teaching excellence), Loyola University (May 2001 and May 1982)

  • Fulbright-Hays Research Aboard Award (Summer 1980)

Selected Publications

Refereed Articles:

"Government Economic Intervention and Corruption," (with B. Batavia), Journal of Developing Areas,Vol 5, No. 2, Fall 2013, Forthcoming.

"Corruption in Thailand: An International Perspective." International Journal of Applied Economics and Econometrics, 18.2 (2010). 166-182.

"Corruption in Thailand: An International Comparison, " International Journal of Applied Asymmetric Finance: Issues in Microfinance, "Journal of Economic Asymmetries, Vol . 5, No. 1, June 2008, 93-107.

"Asymmetric Finance: Issues in Micro Finance." Journal of Asymmetric Economics, 5. 1 (2008).

"Government Economic Policies and Corruption." Journal of International Finance and Economics, 3. 3 (2006). 18-25.

"Black-Owned Banks: A Survey of Issues." Journal of Developmental Entrepreneurship, 10. 2 (2005) 187-202.

"Corruption and Economic Development, "Journal of Economic Asymmetries, Vol.1, No. 1, May 2004, 85-110.

"Black Banks and Community Development, "International Journal of Applied Economics and Econometrics, No. 4, October-December 2003, 506-522.

The Effect of Group Homes on Neighborhood Property Values, "(with P.F. Colwell and C.A. Dehring), Land Economics, November 2000, 615-637.

Book Chapters:

“The Global Financial Crisis of 2007-2009: Microeconomic and Macroeconomic Causes and their Global Effects,” in N. Baltas ed. (with B. Batavia and A.G. Malliaris), in Policy Studies for the Greek and International Economy: Essays in Honor of Kyprianos Prodromidis, Papazissis Publishers, 2012, pp. 192-202.

“Asymmetries in US Banking: The Role of Black-Owned Banks,” in Volbert Alexander and Hans-Helmut Kotz, Global Divergence in Trade, Money and Policy, Edward Elger Publishing Limited, UK, 2006, 91-110.

“The Impact of Agricultural Policies of the EU and NAFTA on World Trade”, (with B. Batavia and A. G. Malliaris), in C. Paraskevopoulos, A. Kintis and A. Kondonassis, Globalization and the Political Economy of Trade Policy, Athenian Policy Forum Press, 2001, 225-236.

“African-American Financial Institutions,” in R. Sisson, C. Zacher and A. Cayton, ed., The American Midwest: An Interpretive Encyclopedia, Indiana University Press, 2006, 1210-1211

“Bank One”, in R. Sisson, C. Zacher and A. Cayton, ed.,  The American Midwest: An Interpretive Encyclopedia, Indiana University Press, 2006, 1208

Presentations at Professional Conferences:

“Regulation and Microfinance: Friend or Foe,” at the International Conference on Applied Business and Economics, New York City, October 2nd 2013.

"The Impact of Regulation on Microfinance Market Penetration" at the Joint International Conference of the Athenian Policy Forum and Korea Institute of Finance, Seoul, S. Korea. June 17, 2013 with Batavia.

Presentation: “Social Entrepreneurship in Subsistence Marketplaces: A Strategic Alliance Framework” at, the 17th International Association of Jesuit Business Schools World Forum, Lima, Peru, July 2011. With D. Harris, L.Tuncay Zayer, M., Welch and T. Derdak,

Presentation: “Government Economic Intervention and Corruption,” Illinois Economics Association, October 15, 2010, DePaul University, Chicago.. With B. Batavia.

Presentation: “A Strategic Alliance to Harness Entrepreneurial Skills in Developing Countries” at the Third Subsistence Marketplaces Conference, July 9-11, 2010, Chicago. With D. Harris, L. Tuncay, and M. Welch.

Presentation: “Microfinance: the Thai Experience,” Conference on Thai Studies, Northern Illinois University, DeKalb, IL, October 24, 2009.

Presentation: “Thai Corruption: An International Comparison” Conference on Thai Studies, Northern Illinois University, DeKalb, IL, October 29, 2008.

Presentation: “Economic Intervention, Per-Capita Income and Corruption” Athenian Policy Forum, Athens, Greece, July 12th, 2008.

Presentation: “Challenges in Microfinance” Athenian Policy Forum, Toronto, Canada, May 15, 2008.

Presentation: “Asymmetric Finance: Issues in Microfinance” Athenian Policy Forum, York University, Toronto, Canada, January 4th, 2007.

Presentation: “Government Economic Policies and Regulations’ Impact on Corruption,” Third International Conference on Business, Management and Economics, Cesme, Turkey, June 16th, 2007.

Presentation: “The Uniqueness of US Financial Markets and Institutions,” Chicago Cultural Center, Fulbright Scholars Conference, January 26, 2007.

Moderator, “Emerging Nations, Trade and the Environment,” Athenian Policy Forum, Chicago, January 4th, 2007.

Presentation: “Government Economic Policies and Corruption,” (with B. Batavia), Academy of International Business and Economics, Las Vegas, October 16, 2006.

Presentation: Asymmetries in US Banking: The Role of Black-Owned Banks, Athenian Policy Forum, Frankfurt, Germany and July 30, 2004.