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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

Bekkerman, Ron, Fich, Eliezer M., and Khimich, Natalya, The Effect of Innovation Similarity on Asset Prices: Evidence from Patents’ Big Data. Review of Asset Pricing Studies Forthcoming (Jun 2022):

Chiang, Thomas C., The effects of economic uncertainty, geopolitical risk and pandemic upheaval on gold prices. Resource Policy 76 (Jun 2022): 102546.

Fich, Eliezer M., and Xu, Guosong, Assimilation Effects in Financial Markets. Journal of Financial and Quantitative Analysis Forthcoming (May 2022):

Chiang, Thomas C., Can gold or silver be used as a hedge against policy uncertainty and COVID-19 in the Chinese market? China Finance Review International, June 2022. China Finance Review International (Jun 2022):

Chiang, Thomas C., Evidence of economic policy uncertainty and COVID-19 pandemic on global stock returns.. Journal of Risk and Financial Management 15 (Nov 2021): 15010028.

Chiang, Thomas C., Evidence of Monetary shocks, uncertainty, equity market volatility and geopolitical risk on stock prices. Advances in Quantitative Analysis of Finance and Accounting 18 (Aug 2021): 41-62.

Tsetsekos, George, Gyoshev, Stanley B., Kaplan, Todd R., and Szewczyk, Samuel H., Why do investment banks buy put options from companies?. Journal of Corporate Finance 67 (Aug 2021): 1-21.

Chiang, Thomas C., Geopolitical risk, economic policy uncertainty and asset returns in Chinese financial markets.. China Finance Review International 11 (Aug 2021): 474-501.

Lantushenko, Viktoriya, and Nelling, Edward, Do more active funds still earn higher performance? The effect of Regulation Fair Disclosure. Journal of Financial Research forthcoming (Jul 2021):

Chiang, Thomas C., Spillovers of U.S. market volatility and monetary policy uncertainty to global stock markets.. North American Journal of Economics and Finance 58 (Jul 2021): 101523.

Lowry, Michelle, Does common ownership really increase firm coordination?. Journal of Financial Economics 141 (Jul 2021): 322-344.

Lv, Zhihui, Chu, Amanda, Wong, Wing K., and Chiang, Thomas C., The maximum-return-and-minimum-volatility effect: Evidence from choosing risky and riskless assets to form a portfolio. Risk Management 23 (May 2021): 97-122.

Chiang, Thomas C., and Chen, Xi, Evidence of policy uncertainty and geopolitical risk on Chinese stock prices. Advances in Pacific Basin Business, Economics and Finance 9 (Mar 2021): 37-56.

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

Blouin, Jennifer, Fich, Eliezer M., Rice, Edward, and Tran, Anh, Corporate tax cuts, merger activity, and shareholder wealth. Journal of Accounting and Economics 71 (Jan 2021): 101315.