The endowed professorship was created by trustee Wesley Elingburg and his wife, Cathy, in 2007.
Associate Professor of Finance Adam Aiken has been named the Wesley R. Elingburg Professor of Finance. Aiken is the third faculty member to hold the professorship, succeeding finance professor Wonhi Synn, who was appointed to the professorship in 2016.
Aiken joined the faculty of the Martha and Spencer Love School of Business in the fall of 2015 as an assistant professor of finance and was named an associate professor in 2020. His research interests include asset management, financial institutions and performance measurement with a particular focus on hedge funds. His research has been featured by The Economists, The Financial Times, Alpha and Reuters, among other outlets.
Business education news outlet Poets & Quants named Aiken to its list of Top Undergraduate Business Teachers in 2020. Aiken received the Dean’s Award of Excellence from the Martha and Spencer Love School of Business in 2019 and 2020.
As a teacher, Aiken has earned a reputation as a difficult person, but one who challenges his students in a very positive way. He incorporates current events and techniques used in the industry into this teaching, as evidenced by the types of materials he uses in lessons and the feedback he receives from students. He is a member of the Love School of Business Curriculum Committee and has advocated for the curriculum to be current and relevant.
Aiken has been active in creating new courses that help the finance major stay current in its program offerings, such as a new course that sits at the intersection of big data analytics and finance and is taught in a common coding language. It has been among the leaders in the development of a major in financial technology (fintech) which should be launched in 2023.
In nominating Aiken for the professorship, a colleague noted that his fellowship is “an example within the finance department, the Love School of Business, and across the university,” with publications appearing in journals such as Management Science, Journal of Financial Economics, Review of Financial Studies and Journal of Financial and Quantitative Analysis.
Prior to entering academia, Aiken worked as an analyst/associate at UNC Management Co., the university’s endowment arm, in Chapel Hill, North Carolina. He is a member of the University of North Carolina on the Greensboro Investment Fund Board.
Aiken received his doctorate in finance from Arizona State University, a master’s degree in economics from Duke University and a bachelor’s degree in business administration from the University of North Carolina at Chapel Hill. Prior to joining Elon’s faculty, Aiken was an assistant professor of finance at Quinnipiac University in Hamden, Connecticut.
Trustee Wesley Elingburg, a chartered accountant who served on the Love School advisory board for five years, and his wife, Cathy Elingburg, endowed the chair in 2007 to enable Elon to recruit and retain the best teachers in the business school. Wes Elingburg was elected to Elon’s board of directors in 2005 and served as chairman from 2012 to 2014. He retired from LabCorp as chief financial officer in 2005 and was previously managing partner of the baseball team at the minor league Greensboro Grasshoppers in Greensboro, North Carolina. Elingburgs are the parents of Nolan H. Elingburg, who earned a bachelor’s degree in broadcast journalism in 2011 and a master’s degree in interactive media in 2012.