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 J., and Marciukaityte, Dalia, Changes in Capital Structure: Asset Characteristics or Managerial Preferences?. Journal of Financial Research 36 (Winter 2013): 519-542.

Chou, David, Gombola, Michael J., and Liu, Feng-Ying, Earnings Management and Long-Run Stock Performance Following Private Equity Placements. Review of Quantitative Finance and Accounting 34 (Summer 2010): 225-245.

Chou, David, Gombola, Michael J., 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 J., 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 J., and Liu, Feng-Ying, Earnings Management and Stock Performace of Reverse Leveraged Buyouts. Journal of Financial and Quantitative Analysis 41 (Jun 2006): 407-438.

Gombola, Michael J., 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 (Spring 2001): 117-132.

Gombola, Michael J., and Liu, Feng-Ying, The Signaling Power of Specially Designated Dividends. Journal of Financial and Quantitative Analysis 34 (Sep 1999): 409-424.

Gombola, Michael J., 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 J., 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 (Jun 1999): 621-649.

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

Presented Research

Gombola, Michael J., 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 J., 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 J., 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 J., 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