Anna-Leigh  Stone
Associate Professor of Finance, Hackney Family Research Fellow
Brock School of Business
Department of Economics Finance and Quantitative Analysis
301 C Cooney Hall

Anna-Leigh Stone, Ph.D., is an associate professor of finance and the Hackney Family Research Fellow in Samford's Brock School of Business. She teaches Financial Management (FINC 321), Intermediary Financial Management (FINC 429) and Financial Institutions (FINC 428).

Stone's research interests include corporate finance and banking, particularly in the areas of corporate cash holdings and banking regulations.

She has presented her work at the annual meetings of regional and national organizations, including the Financial Management Association, the Southern Finance Association, the Midwest Finance Association and the Eastern Finance Association.

Stone is a member of the honor fraternity Beta Gamma Sigma.

Degrees and Certifications

  • University of Alabama, Ph.D. in Finance
  • University of Alabama, M.A. in Economics
  • University of Alabama, M.S. in Finance
  • University of Alabama, B.B.A. in Quantitative Finance

Research Interests

  • Corporate Finance, Corporate Cash Holdings, Banking, Regulations, Financial Crises


  • “Dodd-Frank and Unlimited Deposit Insurance,” forthcoming at Finance Research Letters
  • "Double the Insurance, Double the Funds?," Journal of Banking & Finance 133, December 2021
  • “Corporate Decision-Making in the Presence of Political Uncertainty: The Case of Corporate Cash Holdings,” with Jack Cheng, Ching-Wai Chiu, and William B. Hankins,  Financial Review 55, May 2020, 307-337. 
  • “Unlimited FDIC Insurance and the Implications for Corporate Cash,”The Quarterly Journal of Finance 10, March 2020
  • “Corporate Liquidity and NBER Recession Announcements,” with Benton Gup, Journal of Financial Research 42, Fall 2019, 637-669. 
  • “Partisan Conflict, Policy Uncertainty and Aggregate Corporate Cash Holdings,” with Jack Cheng, Ching-Wai Chiu, and William B. Hankins, Journal of Macroeconomics 58, December 2018, 78-90.
  • “New Insights about the Relationship between Corporate Cash Holdings and Interest Rates,” with Benton Gup and Junsoo Lee, Journal of Economics and Finance 42, January 2018, 33-65.