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)

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)

Chiang, Thomas C., and Zhang, Yuanqing, Empirical analysis of stock return and market risk as reflected by conditional volatility, downside risk, fear, changes in oil price and exchange rate for BRICS. Journal of Finance and Economics (Mar 2018):

Chiang, Thomas C., and Zhang, Yuanqing, An empirical investigation of risk-return relations in Chinese equity markets: Evidence from aggregate and sectoral data. International Journal of Financial Studies 6 (Mar 2018): 1-22.

Dorn, Daniel, Student-Managed Portfolios: Wisdom of Independent Crowds?. Journal of Trading 13 (Jan 2018): 17-26.

Zheng, DaZhi, Li, Huimin, and Chiang, Thomas C., Herding within industries: Ecivence from Asian stock markets. International Review If Economics and Finance 51 (Dec 2017): 487-509.

Tsetsekos, George, Vivek, Bhargava, and Malhodra, DK, Volatility Spillovers Across the Swap Markets: Evidence from US, Australia and Japanese Swap Markets. International Journal of Bonds and Derivatives 31 (Apr 2016): 121-143.

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.

Dorn, Anne, Dorn, Daniel, and Sengmueller, Paul, Trading as Gambling. Management Science 61 (Oct 2015): 2376-2393.

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.