Finance

Research

Most faculty research pertains to corporate finance or corporate governance. In the finance area, research topics include mergers and acquisitions, dividend policy, capital budgeting, issuing securities, and capital structure. Some faculty work in investments with a focus on behavioral finance, mutual funds, and hedge funds. Research topics in corporate governance include board composition, executive compensation, director reputation, board input into mergers and acquisitions, and issues relating to bankruptcy and fraud.

Recent Works

Cai, Jie, Walkling, Ralph A., and Yang, Ke, The Price of Street Friends: Social Networks, Informed Trading, and Shareholder Costs. Journal of Financial and Quantitative Analysis (Forthcoming)

Juergens, Jennifer L., Becher, David A., and Cohn, Jonathan, Do Stock Analysts Influence Merger Completion? An Examination of Post-Merger Announcement Recommendations. Management Science (Forthcoming)

Nini, Gregory, Lemmon, Michael, Mao, Qinghao, and Liu, Laura, Securitization and capital structure in nonfinancial firms: An empirical investigation. Journal of Finance (Forthcoming)

Cai, Jie, Garner, Jacqueline L., and Walkling, Ralph A., A paper tiger? An empirical analysis of majority voting. Journal of Corporate Finance 21 (Jun 2013): 119-135.

Cai, Jie, and Zhang, Zhe, Leverage change, debt overhang, and stock prices. Journal of Corporate Finance (Forthcoming)

Cai, Jie, Song, Moon H., and Walkling, Ralph A., Anticipation, Acquisitions and Bidder Returns: Industry shocks and the transfer of information across rivals. Review of Financial Studies (Forthcoming)

Fich, Eliezer M., Harford, Jarrad, and Tran, Anh, Motivated monitors: The importance of institutional investors’ portfolio weights. Journal of Financial Economics 118 (Oct 2015): 21-48.

Dougal, Casey, Engelberg, Joseph, Parsons, Christopher, and Van Wesep, Edward, Anchoring on Credit Spreads. Journal of Finance 70 (May 2015): 1039-1080.

Robinson, John, Cross-Sectional Determinants of an Executive Performance Metric Index. Managerial Finance 41 (Apr 2015): 396-404.

Benrud, Erik, Managing Business Environments in Tier 1 and Tier 2 Cities in China: Implications for Tax Revenue and Total Investment. US-China Law Review 12 (Mar 2015): 276-294.

Fich, Eliezer M., Starks, Laura, and Yore, Adam, CEO deal-making activities and compensation. Journal of Financial Economics 114 (Dec 2014): 471–492.

Juergens, Jennifer L., and Cohn, Jonathan, How Much Do Analysts Influence Each Other’s Forecasts?. Quarterly Journal of Finance 4 (Fall 2014): 1-35.

Daniel, Naveen, Coles, Jeff, and Naveen, Lalitha, Co-opted boards. Review of Financial Studies 27 (Jun 2014): 1751-1796.

Dougal, Casey, Parsons, Christopher, and Titman, Sheridan, Urban Vibrancy and Corporate Growth. Journal of Finance 70 (Jan 2015): 163-210.

Fich, Eliezer M., Tran, Anh, and Walkling, Ralph A., On The Importance of Golden Parachutes. Journal of Financial and Quantitative Analysis 48 (Dec 2013): 1717-1753.