Finance

Education

BA Economics - Clemson University Clemson, SC USA 1971
Ph.D. Corporate Finance and Investments - University of South Carolina 1977

Selected Works

Articles

Gombola, Michael Joseph and Marciukaityte, Dalia . “Changes in Capital Structure: Asset Characteristics or Managerial Preferences?” JOURNAL OF FINANCIAL RESEARCH 36.4 (Winter 2013):519-542

Chou, David , Gombola, Michael Joseph and Liu, Feng-Ying . “Earnings Management and Long-Run Stock Performance Following Private Equity Placements” REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING 34.2 (Summer 2010):225-245

Chou, David , Gombola, Michael Joseph and Liu, Feng-Ying . “Long Run Underperformance Following Private Equity Placements: The Role of Growith Opportunities” QUARTERLY REVIEW OF ECONOMICS AND FINANCE . (Aug 2009)

Gombola, Michael Joseph and Marciukaityte, Dalia . “Managerial Optimism and Financing Choice for Rapidly Growing Firms ” JOURNAL OF BEHAVIORAL FINANCE 8. (Fall 2007):225-235

Chou, David , Gombola, Michael Joseph and Liu, Feng-Ying . “Earnings Management and Stock Performace of Reverse Leveraged Buyouts” JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS 41.2 (Jun 2006):407-438

Gombola, Michael Joseph, Lee, Hei-Wai and Liu, Feng-Ying . “New Evidence on the Effectiveness of the Insider Trading Sanctions Act of 1984” JOURNAL OF APPLIED BUSINESS RESEARCH 17.2 (Spring 2001):117-132

Gombola, Michael Joseph and Liu, Feng-Ying . “The Signaling Power of Specially Designated Dividends” JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS 34.3 (Sep 1999):409-424

Gombola, Michael Joseph, Lee, Hei-Wai and Liu, Feng-Ying . “Private Placement of Common Equity and Earnings Expectations: Evidence from Changes in Analyst Earnings Forecasts” FINANCIAL REVIEW 34. (Aug 1999):19-32

Lee, Hei-Wai , Gombola, Michael Joseph and Liu, Feng-Ying . “Further Evidence on Insider Selling Prior to Seasoned Equity Offerings: The Role of Growth Opportunities” JOURNAL OF BUSINESS, FINANCE & ACCOUNTING 26.5 & 6 (Jun 1999):621-649

Gombola, Michael Joseph, Lee, Hei-Wai and Liu, Feng-Ying . “Evidence of Selling by Managers Following Seasoned Equity Offering Announcements” FINANCIAL MANAGEMENT . (Fall 1997):37-53

Chapters

Gombola, Michael Joseph and Liu, Feng-Ying . “Special Dividends” Dividends and Dividend Policy Ed. H. Kent Baker. Hoboken NJ:John Wiley , Mar 2009. :307-232

Presentations

Gombola, Michael Joseph, Liu, Feng-Ying and Chou, David . Underpeformance Following Private Placements of Equity: The Role of Growth Opportunities Multinational Finance Association : Thessaloniki, Greece, Jul 2007

Gombola, Michael Joseph, Liu, Feng-Ying and Chou, David . Distress Risk and Stock Returns Following Private Placements of Equity Eastern Finance Association : New Orleans, LA Apr 2007

Gombola, Michael Joseph, Liu, Feng-Ying and Chou, David . Underperformance following Private Placements of Equity: The Role of Growth Opportunities Financial Management Association : Salt Lake City , UT Oct 2006

Gombola, Michael Joseph, Liu, Feng-Ying and Chou, David . Earnings Management and the Long-Term Performance following Private Placements of Equity Allied Social Sciences Association : Boston , MA Jan 2006

Professional Experience

Corporate-Hornblower and Weeks, Hemphill, Noyes Registered Representative Jun 1971 - May 1973

Areas of Expertise

  • Capital Structure
  • Dividend Policy
  • Earnings Management
  • Stock Issuance
  • Time Series Analysis of Financial Series

Media Mentions

May 1, 2013