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, and Nguyen, Tu, Disciplinary directors: Evidence from the appointments of outside directors who have fired CEOs. Journal of Banking and Finance (Forthcoming)

Dougal, Casey, Gao, Pengjie, Mayhew, William, and Parsons, Christopher, What’s in a (school) name? Racial discrimination in higher education bond markets. Journal of Financial Economics (Forthcoming)

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 (Forthcoming) 72-85.

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 (Forthcoming)

Robak, Patricia J., Classroom Polar Vortex: Using Threaded Discussions to Manage Mother Nature’s Insistent Behavior. Advances in Financial Education (Winter 2017):

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)

Robak, Patricia J., Financing Technology and Innovation. Wiley Encyclopedia of Technology and Innovation Ma (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., Economic policy uncertainty, risk and stock returns: Evidence from G7 stock markets. Finance Research Letters 29 (Jun 2019): 41-49.

Chiang, Thomas C., Financial Risk, uncertainty and expected returns: Evidence from Chinese equity markets. China Finance Review International (Jun 2019):

Tsetsekos, George, and Papaioannou, Michael G., Cryptocurrencies in the Global Economy. The Journal of Investing 28 (Apr 2019): 7-12.

Chiang, Thomas C., Market efficiency and news dynamics: Evidence from international equity markets. Economics 7 (Jan 2019): 1-17.