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

Helping women build self-worth and net worth

via Philadelphia Inquirer

Michael Gombola, Ph.D., head of finance at LeBow, was quoted in an Philadelphia Inquirer article about DailyWorth, a new website focued on providing financial literacy to women. He commented about the importance of financial literacy not only for women, but for men, too.

College News

Helping women build self-worth and net worth

via Philadelphia Inquirer

Michael Gombola, Ph.D., head of finance at LeBow, was quoted in an Philadelphia Inquirer article about DailyWorth, a new website focued on providing financial literacy to women. He commented about the importance of financial literacy not only for women, but for men, too.