Department of Finance - Finance Ph.D. Alumni Research

Finance Ph.D. Alumni Research

Listed below are the publications by Arizona State University Graduates from 1995 to 2010.

Journal of Finance

Bessembinder, Hendrik, Jay Coughenour, Paul Sequin, and Margaret Smoller, 1995, Mean Reversion in Equilibrium Asset Prices: Evidence from the Futures Term Structure, Journal of Finance 50(1), 361-375.

Coles, Jeffrey L., and Stan Hoi, 2003, New Evidence on the Market for Directors: Board Membership and Pennsylvania Senate Bill 1310, Journal of Finance 58(1), 197-230.

Coughenour, Jay F. and Daniel N. Deli, 2002, Liquidity Provision and the Organizational Form of NYSE Specialist Firms, Journal of Finance 57(2) 841-869.

Deli, Daniel N., 2002, Mutual Fund Advisory Contracts: An Empirical Investigation, Journal of Finance 57(1), 109-133.

Durham, Greg, Michael Hertzel, and Spencer Martin, 2005, The Market Impact of Trends and Sequences in Performance: New Evidence, Journal of Finance 60(5), 2551-69.

Griffin, John, Jeffrey Harris, and Selim Topaloglu, 2003, The Dynamics of Institutional and Individual Trading, Journal of Finance 58(6), 2285-2320.

Griffin, John, Susan Ji, and Spencer Martin, 2003, Momentum Investing and Business Cycle Risk: Evidence from Pole to Pole, Journal of Finance 58(6), 2517-2549.

Hertzel, Michael, Michael Lemmon, James S. Linck, and Lynne Rees, 2002, Long-run Performance Following Private Placements of Equity, Journal of Finance 57(6), 2595-2617.

Ng, Chee K., Janet Kilholm Smith, and Richard L. Smith, 1999, Evidence on the Determinants of Credit Terms Used in Interfirm Trade, Journal of Finance 54(3), 1109-1129.

Ng, Chee K., and Richard L. Smith, 1996, Determinants of Contract Choice: The Use of Warrants to Compensate Underwriters of Seasoned Equity Issues, Journal of Finance 51(1), 363-380.

Smith, Michael P., 1996, Shareholder Activism by Institutional Investors: Evidence from CalPERS, Journal of Finance 51(1), 227-252.

Venkataraman, K., 2001, Automated versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges, Journal of Finance 56(4), 1445-1885.

Journal of Financial Economics

Bates, Thomas W., Michael Lemmon and James S. Linck, 2006, Shareholder Wealth Effects and Bid Negotiation in Freeze-out Deals: Are Minority Shareholders Left Out in the Cold?, Journal of Financial Economics 81(3), 681-708.

Bessembinder, H., and K. Venkataraman, 2004, Does an Electronic Stock Exchange Need an Upstairs Market?, Journal of Financial Economics 73(1), 3-36.

Bessembinder, H., M. Panavides, and K. Venkataraman, 2009, Hidden Liquidity: An Analysis of Order Exposure Strategies in Electronic Stock Markets, Journal of Financial Economics 94(3) 361-383.

Bessembinder, H., W. Maxwell, and K. Venkataraman, 2006, Market Transparency Liquidity Externalities and Institutional Trading Costs in Corporate Bonds, Journal of Financial Economics 82(2), 251-288.

Bizjak, J, M. Lemmon, and Lalitha Naveen, Does the Use of Peer Groups Contribute to Higher Pay and Less Efficient Compensation?, Journal of Financial Economics , Forthcoming.

Booth, James R., and Daniel N. Deli, 1996, Factors Affecting the Number of Outside Directorships Held by CEOs, Journal of Financial Economics 40(1), 81-104.

Brickley, James A., James S. Linck, and Clifford W. Smith Jr., 2003, Boundaries of the Firm: Evidence from the Banking Industry, Journal of Financial Economics 70(3), 351-383.

Brickley, James A., James S. Linck, and Jeffrey L. Coles, 1999, What Happens to CEOs After They Retire? New Evidence on Career Concerns, Horizon Problems, and CEO Incentives, Journal of Financial Economics 52(3), 341-377.

Chua, Lena, and James R. Booth, 1996, Ownership Dispersion, Costly Information, and IPO Underpricing, Journal of Financial Economics 41(2), 291-310.

Coles, Jeffrey, Naveen Daniel, and Lalitha Naveen, 2006, Managerial Incentives and Risk-taking, Journal of Financial Economics 79(2), 431-468.

Coles, Jeffrey, Naveen Daniel, and Lalitha Naveen, 2008, Boards: Does One Size Fit All?, Journal of Financial Economics 87(2), 329-356.

Coughenour, Jay F., and M. Saad, 2004, Common Market Makers and Commonality in Liquidity, Journal of Financial Economics 73(1), 37-70.

Deli, Daniel N., and Raj Varma, 2002, Contracting in the Investment Management Industry: Evidence from Mutual Funds, Journal of Financial Economics 63(1), 79-98.

Linck, James S., Jeffry M. Netter, and Tina Yang, 2008, The Determinants of Board Structure, Journal of Financial Economics 87(2), 308-328.

Slovin, Myron B., Marie E. Shushka, and Wan L. Lai, 2000, Alternative Flotation Methods, Adverse Selection, and Ownership Structure: Evidence from Seasoned Equity Issuance in the U.K., Journal of Financial Economics 57(2), 157-190.

Review of Financial Studies

Eleswarapu, V., and K. Venkataraman, 2006, The Impact of Legal and Political Institutions on Equity Trading Costs: A Cross-Country Analysis, Review of Financial Studies 19(3), 1081-1111.

Griffin, John M., Patrick Kelley, and Federico Nardari, Do Market Efficiency Measures Yield Correct Inferences? A Comparison of Developed and Emerging Markets, Review of Financial Studies , Forthcoming.

Linck, James S., Jeffry M. Netter, and Tina Yang, 2009, Effects and Unintended Consequences of the Sarbanes-Oxley Act on Corporate Boards, Review of Financial Studies 22(8), 3287-3328.

Journal of Financial and Quantitative Analysis

Eleswarapu, V., R. Thompson, and K. Venkataraman, 2004, The Impact of Regulation For Disclosure: Trading Costs and Information Asymmetry, Journal of Financial and Quantitative Analysis 39(2), 209-225.

Kerins, Francis J., Jr., Janet Kiholm Smith, and Richard L. Smith, 2004, Opportunity Cost for Venture Capital Investors and Entrepreneurs, Journal of Financial and Quantitative Analysis 39(2), 385-405.

Naveen, Lalitha, 2006, Organizational Complexity and Succession Planning, Journal of Financial and Quantitative Analysis 41(3), 661-684.

Venkataraman, K., and A. Waisburd, 2007, The Value of the Designated Market Maker, Journal of Financial and Quantitative Analysis 42(3), 735-758.

Financial Management

Gerety, Mason, Stan Hoi, and Ashok Robin, 2001, Do Shareholders Benefit from the Adoption of Incentive Pay for Directors?, Financial Management 30(4), 45-61.

Kerins, Francis J., Jr., 2001, Do Nonrefunding Provisions Constrain Corporate Behavior?, Financial Management 30(1), 57-83.

Other Journals

Adams, Brian, K. Carow, and T. Perry, Earnings Management and Initial Public Offerings: The Case of the Depository Industry, Journal of Banking and Finance , Forthcoming.

Adams, Brian, B. Adrangi, and R. Gritta, 2006, An Update on Airline Financial Condition and Insolvency Prospects Using the Altman Z Score Model, Journal of the Transportation Research Forum 45(2), 57-68.

Adams, Brian, B. Adrangi, and R. Gritta, 2006, Operating and Financial Leverage on the Major U.S. Air Carriers: 1990-2004, Journal of the Transportation Research Forum 45(2) 57-68.

Adams, Brian, D. Bagchee, and D. Rogers, 2006, The Impact of the Quiet Period on IPO Volatility, Indian Journal of Economics & Business 5, 17-32.

Adams, Brian, 2006, A Study of the Timing of Initial Analyst Coverage of Initial Public Offerings, Indian Journal of Economics & Business 5, 101-120.

Adams, Brian, B. Adrangi, and T. Shank, 1998, January Barometer in International Equity Markets, Journal of Foreign Exchange and International Finance 12(2), 121-134.

Ahn, Seung C., and Christopher Gadarowski, 2004, Small Sample Properties of the GMM Specification Test Based on the Hansen-Jagannathan Distance, Journal of Empirical Finance 11(1) 109-132.

Bates, Thomas W. and James S. Linck, 2007, Shareholder Welfare in Minority Freeze-out Bids: Are Legal Protections Sufficient? Evidence from the U.S. Market, Journal for Institutional Comparisons 5(1), 22-27.

Berry, T., J. Bizjak, M. Lemmon, and Lalitha Naveen, 2006, Organizational Complexity and CEO Labor Markets: Evidence from Diversified Firms, Journal of Corporate Finance 12, 797-817.

Booth, James R., and Daniel N. Deli, 1999, On Executives of Financial Institutions as Outside Directors, Journal of Corporate Finance 5(3), 227-250.

Booth, Lena, and James R. Booth, 2006, Loan Collateral and Corporate Borrowing Costs, Journal of Money 38(1), 67-90.

Brickley, James A., Jeffrey L. Coles, and James S. Linck, 2000, Board Seats for Retired CEOs? It Depends on How They Perform before They Retire, Directorship XXVI(5), 8-9, 17.

Clifford, Chris, 2008, Value Creation or Destruction? Hedge Funds as Shareholder Activists, Journal of Corporate Finance 14, 323-336.

Kelley, Patrick, and Felix Meschke, Sentiment and Stock Returns: The SAD Anomaly Revisited, Journal of Banking and Finance , Forthcoming.

Daniel, Naveen, D. Denis, and Lalitha Naveen, 2008, Do Firms Manage Earnings to Meet Dividend Thresholds?, Journal of Accounting and Economics 45(1), 2-29.

Deli, Daniel N., and Raj Varma, 2002, Closed-end versus Open-end: The Choice of Organizational Form, Journal of Corporate Finance 8(1), 1-27.

Deli, Daniel N., and Stuart Gillan, 2000, On the Demand for Independent and Active Audit Committees, Journal of Corporate Finance 6(4), 427-445.

Desai, H., S. Krishnamurthy, and K. Venkataraman, 2006, Do Short Sellers Target Firms with Poor Earnings Quality? Evidence from Earnings Restatements, Review of Accounting Studies 11(1), 71-90.

Griffin, John, Susan Ji, and Spencer Martin, 2005, Global Momentum Strategies: A Portfolio Perspective, Journal of Portfolio Management 31(2), 23-39.

Linck, James S., Thomas J. Lopez, and Lynn Rees, 2007, The Valuation Consequences of Voluntary Accounting Changes, Review of Quantitative Finance and Accounting 28(4), 327-352.

Kau, James B., James S. Linck, and Paul H. Rubin, 2008, Do Managers Listen to the Market?, Journal of Corporate Finance 4(4), 347-362.

Other Publications

Adams, Brian, and A. Chatrath, 2007, Essentials of Finance: Investments, Corporate Strategy and Risk Management (National Social Science Press).

Bessembinder, H., and K. Venkataraman, 2009, Bid-Ask Spreads: Measuring Trade Execution Costs in Financial Markets, Encyclopedia of Quantitative Finance (Wylie Press, Chicago, IL).

Brickley, James A., Jeffrey L. Coles, and James S. Linck, 2000, Does the Decision to Retain Retiring Executives on the Board of Directors help to Control Agency Problems in American and Japanese Firms?, Banking, Capital Markets, and Corporate Governance (Pelgrave Publishers), 233-249.