Department of Finance

Articles by Current Students and Ph.D. Graduates:

Chen, Honghui, Greg Noronha, and Vijay Singal (2003). "The Price Response to S&P 500 Index Additions and Deletions: Evidence of Asymmetry and a New Explanation." Forthcoming in the Journal of Finance.

Robert S. Hansen and Oya Altinkilic. "Discounting and Underpricing in Seasoned Equity Offers." Forthcoming in the Journal of Financial Economics.

Murali Jagannathan, Stephen P. Ferris, and A. C. Pritchard. "Too Busy to Mind the Business? Monitoring Directors with Multiple Board Appointments." The Journal of Finance 58 (2003), 1087-1771.

Vijay Singal and Hongui Chen. "Role of Speculative Short Sales in Price Formation: The Case of the Weekend Effect." The Journal of Finance 58 (2003), 685-705.

Lawrence G. Goldberg and Sylvia C. Hudgins. "Depositor Discipline and Changing Regulatory Strategies in the Thrift Industry." Journal of Financial Economics 63 (2002), 263-274.

Denis, David J. and Atulya Sarin. "Is the Market Surprised by Poor Earnings Realizations following Seasoned Equity Offerings?" Journal of Financial and Quantitative Analysis 36 (2001), 169-193.

Oya Altinkilic and Robert S. Hansen. "Are There Economies of Scale in Underwriting Fees? Evidence of Rising External Financing Costs." Review of Financial Studies 13 (2000), 191-218.

Murali Jagannathan, Clifford P. Stephens, and Michael S. Weisbach. "Financial Flexibility and the Choice Between Dividends and Stock Repurchases." Journal of Financial Economics 57 (2000), 355-384.

Kumar, Raman, Atulya Sarin, and Kuldeep Shastri. "The Impact of Options Trading on the Market Quality of the Underlying Security: An Empirical Analysis." The Journal of Finance 53 (1998), 717-732.

Denis, David J. and Atulya Sarin. "Ownership and Board Structures in Publicly Traded Corporations." Journal of Financial Economics 52 (1999), 187-223.

Eckel, Catherine, Doug Eckel, and Vijay Singal. "Privatization and Efficiency: Industry Effects of the Sale of British Airways." Journal of Financial Economics 43 (1997), 275-298.

McWilliams, Victoria B. and Nilanjen Sen. "Board Monitoring and Antitakeover Amendments." Journal of Financial and Quantitative Analysis 32 (1997), 491-505.

Denis, David J., Diane K. Denis, and Atulya Sarin. "Ownership Structure and Top Executive Turnover." Journal of Financial Economics 45 (1997), 193-221.

Denis, David J., Diane K. Denis, and Atulya Sarin. "Agency Problems, Equity Ownership and Corporate Diversification." The Journal of Finance 52 (1997), 135-160.

Byrd, Anthony K. and William T. Moore. "On the Information Content of Calls on Convertible Securities." Journal of Business 69 (1996), 89-101.

Denis, David J. and Jan M. Serrano. "Active Investors and Management Turnover Following Unsuccessful Control Contests." Journal of Financial Economics 40 (1996), 239-266.

Mayhew, Stewart, Atulya Sarin, and Kuldeep Shastri. "The Allocation of Informed Trading Across Related Markets: An Analysis of the Impact of Changes in Equity Option Margin Requirements." The Journal of Finance 50 (1995), 1635-165

Denis, David J., Diane K. Denis, and Atulya Sarin. "The Information Content of Dividend Changes: Cash Flow Signaling Overinvestment, and Dividend Clienteles." Journal of Financial and Quantitative Analysis 29 (1994), 567-587.

Broughton, John B. and Don M. Chance. "The Value Line Enigma Extended: An Examination of the Performance of Option Recommendations." Journal of Business 66 (1993), 541-569.

Mazzeo, Michael A. and William T. Moore. "Liquidity Costs and Stock Price Response to Convertible Security Calls." Journal of Business 65 (1992), 353-370.

Kumar, Raman, Atulya Sarin, and Kuldeep Shastri. "The Behavior of Option Prices Around Large Block Transactions in the Underlying Security." The Journal of Finance 47 (1992), 879-890.

Cooperman, Elizabeth S., Winson B. Lee, and Glenn A. Wolfe. "The 1985 Ohio Thrist Crisis, The FSLIC's Solvency, and Rate Contagion For Retail CDs." The Journal of Finance 47 (1992), 919-942.

Gosnell, Thomas, Arthur J. Keown, and John M. Pinkerton. "Bankruptcy and Insider Trading: Differences Between Exchange-Listed and OTC Firms." The Journal of Finance 47 (1992), 349-362.
Hansen, Robert S. and Paul Torregrosa. "Underwriter Compensation and Corporate Mentoring." The Journal of Finance 47 (1992), 1537-1556.

Black, Harold A., M. Andrew Fields and Robert L. Schweitzer. "Changes in Interstate Banking Laws: The Impact on Shareholder Wealth." The Journal of Finance 45 (1990), 1663-1672.

Hansen, Robert S. and Claire Crutchley. "Corporate Earnings and Financings: An Empirical Analysis." Journal of Business 63 (1990), 347-372.

Krueger, Thomas M. and William F. Kennedy. "An Examination of the Super Bowl Stock Market Predictor." The Journal of Finance 45 (1990), 691-698.

Eberhart, Allan C., William T. Moore, and Rodney L. Roenfeldt. "Security Pricing and Deviations from the Absolute Priority Rule in Bankruptcy Proceedings." The Journal of Finance 45 (1990), 1457-1470.

Allen, David S., Robert E. Lamy, and G. Rodney Thompson. "The Shelf Registration of Debt and Self Selection Bias." The Journal of Finance 45 (1990), 275-288.

Mais, Eric L., William T. Moore, and Ronald C. Rogers. "A Re-Examination of Shareholder Wealth Effects of Calls of Convertible Preferred Stock." The Journal of Finance 44 (1989), 1401-1410.

Moore, William T., Donald G. Christensen and Rodney L. Roenfeldt. "Equity Valuation Effects of Forming Master Limited Partnerships." Journal of Financial Economics 24 (1989), 107-124.

Johnson, James M., Robert A. Pari, and Leonard Rosenthal. "The Impact of In-Substance Defeasance on Bondholder and Shareholder Wealth." The Journal of Finance 44 (1989), 1049-1058.

Bolster, Paul J., Lawrence B. Lindsey, and Andrew Mitrusi. "Tax-Induced Trading: The Effect of the 1986 Tax Reform Act on Stock Market Activity." The Journal of Finance 44 (1989), 327-344.

Peterson, Pamela P. and Gary A. Benesh. "A Reexamination of the Empirical Relationship Between Investment and Financing Decisions." Journal of Financial and Quantitative Analysis 18 (1983), 439-453.

Chen, Son-Nan and William T. Moore. "Investment Decisions Under Uncertainty: Application of Estimation Risk in the Hillier Approach." Journal of Financial and Quantitative Analysis 17 (1982), 425-440