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

Brisley, Neil, Cai, Jie, and Nguyen, Tu, Required CEO stock ownership: Consequences for risk-taking and compensation. Journal of Corporate Finance 66 (Year 2021):

Chiang, Thomas C., U.S. Policy Uncertainty and Stock Returns: Evidence in the U.S. and Its Spillovers to European Union, China and Japan. Journal of Risk Finance (Aug 2020):

Lantushenko, Viktoriya, and Nelling, Edward, Active Management in Real Estate Mutual Funds. Journal of Real Estate Finance and Economics 61 (Aug 2020): 247-274.

Chiang, Thomas C., Evidence of risk and policy uncertainty on stock-bond return correlations in the US markets. Risks 8 (Jun 2020): 58.

Chiang, Thomas C., Economic policy uncertainty and stock returns - evidence from the Japanese market. Quantitative Finance and Economics 4 (Jun 2020): 430-458.

Chen, Xiaoyu, and Chiang, Thomas C., Empirical investigation of changes in policy uncertainty on stock returns - Evidence from China’s market. Research in International Business and Finance 53 (Apr 2020):

Lantushenko, Viktoriya, and Nelling, Edward, New positions in mutual fund portfolios: Implications for fund alpha. Journal of Financial Services Research 58 (Mar 2020): 161&#-775232;198.

Gombola, Michael J., Chou, David, and Liu, Feng-Ying, Capital Structure Dynamics with Restricted Equity Issuance: Evidence from Chinese post-IPO firms. Asia Pacific Management Review 24 (Fall 2019): 72-85.