Faculty Research

Below is a list of finance faculty papers with revision requests, that are forthcoming, or have been published since 2000.  Note that this list only includes articles in refereed finance journals by our current full-time faculty.  Please see our faculty pages for complete lists of individual publications. 

Current Revision Requests (as of October 2007):

Cicero, David "Timing and Backdating of Executive Stock Options Exercises - Before and After the Sarbanes-Oxley Act," at the Journal of Finance.

Harris, Jeff, "Who Drove and Burst the Tech Bubble?" with Griffin and Topaloglu, at the Journal of Finance.

Laux, Paul, "Capital Flows, Volatility, and Growth," with Ferreira, at the Journal of International Money and Finance.

Varma, Raj, "Earnings Manipulation: The Role of Agency Costs and Overvalued Equity," with Marciukaityte, at the Journal of Corporate Finance.

Forthcoming Papers (as of October 2007):

Lou, Xiaoxia, "The Divergence of Liquidity Commonality in the Cross-Section of Stocks" with Kamara and Sadka, at the Journal of Financial Economics.

Coughenour, Jay, "Limited Attention and the Allocation of Effort in Securities Trading," with Corwin, at the Journal of Finance.

Harris, Jeff, "Why are IPO Investors Net Buyers through Lead Underwriters?" with Griffin and Topaloglu, at the Journal of Financial Economics.

Published in 2007:

Laux, Paul, 2007, "Corporate Governance, Idiosyncratic Risk, and Information Flow," with Ferreira, Journal of Finance 62, 951-989.

Varma, Raj, 2007, "Institutional Investors As Suppliers of Equity-Linked Capital:  Evidence From Privately Placed Convertible Debt," with Marciukaityte, Journal of Business Research, 60, 357-364.

Published in 2006:

Bowers, Helen, 2006, "Reducing compensation Expense: Baluing Options in Light of SFAS No. 123R, with Storero and Stephenson, Employee Benefit Plan Review, November 2006.

Campbell, Terry, 2006, "Venture capitalist involvement and the long-term performance of IPOs," with Frye, Journal of Private Equity 10, 7-17.

Varma, Raj, 2006, "Governance and Performance Changes following Accusations of corporate Fraud," with Marciukaityte, Szewczyk and Uzun, Financial Analysts Journal, 62, 32-43.

Published in 2005:

Campbell, Terry, 2005, "Incentive Compensation for Bank Directors: The Impact of Deregulation," with Becher and Frye, Journal of Business, 78, 1753-1777.

Campbell, Terry, 2005, "Interstate Banking Deregulation and the Changing Nature of Bank Mergers," with Becher, Journal of Financial Research, 28, 1-20.

Harris, Jeff, 2005, "How New Entry in Options Markets affected Market Making and Trading Costs," with DeFontnouvelle and Fishe, Journal of Investment Management, 3, 24-40.

Laux, Paul, 2005, "Misreaction," with Krishnan, Journal of Financial and Quantitative Analysis, 40, 403-435.

Laux, Paul, 2005, "The Information Content of Corporate Investment Announcements: The Case of Joint Ventures," with Keown and Martin, Research in Finance, 22.

Schweitzer, Robert, 2005, "Do CRA Protest Announcements Affect Shareholder Wealth?" with Black, Bostic, and Robinson, Financial Review.

Varma, Raj, 2005, "Investor Overoptimism and Private Equity Placements," with Marciukaityte and Szewczyk, Journal of Financial Research, 28, 591-608.

Published in 2004:

Campbell, Terry, 2004, "Corporate Governance of Japanese Banks," with Anderson, Journal of Corporate Finance, 10, 327-354.

Campbell, Terry, 2004, "Bank Mergers, the Market for Bank CEOs, and Managerial Incentives," with Anderson and Becher, Journal of Financial Intermediation, 13, 6-27.

Coughenour, Jay, 2004, "Common Market Makers and Commonality in Liquidity," with Saad, Journal of Financial Economics, 73, 37-70.

Harris, Jeff, 2004, "The Developement of Secondary Market Liquidity for NYSE-Listed IPOs," with Corwin and Lipson, Journal of Finance, 59, 2339-2374.

Varma, Raj, 2004, "Board Composition and Corporate Fraud," with Szewczyk and Uzun, Financial Analysts Journal, 60, 33-43.

Published in 2003:

Campbell, Terry, 2003, "Bank Monitoring, Firm Performance, and Top Management Turnover in Japan," with Anderson, Narayanan, and Mandelker, Advances in Financial Economics, 8, 1-27.

Fields, M. Andrew, 2003, "Financial Distress, Liquidity Policy, and Financial Policy: A Comparison of Korea and the United States," with Lee, Journal of Finance and Banking, 2, 159-177.

Harris, Jeff, 2003, "The Dynamics of Institutional and Individual Trading," with Griffin and Topologlu, Journal of Finance, 58, 2285-2320.

Harris, Jeff, 2003, "The Behavior of Bid-Ask Spreads and Volume in Options Markets During the Competition for Listings in 1999," with DeFontnouvelle and Fishe, Journal of Finance, 58, 2437-2463.

Schweitzer, Robert, 2003, "Is Race an Important Factor in Bank-Customer Preferences? The Case of Mortgage Lending," with Black, Robinson, and Schlottman, Journal of Real Estate Finance and Economics, 26, xx-yy.

Varma, Raj, 2003, "An Empirical Investigation of Sponsor Influence over the Board of Directors," Financial Review, 38, 55-76.

Published in 2002:

Bowers, Helen, 2002, "Fairness Opinions and the Business Judgment Rule: An Empirical Investigation of Target Firms' Use of Fairness Opinions," Northwestern University Law Review, 567-578.

Campbell, Terry, 2002, "Corporate Governance in South Korea, the Chaebol Experience," with Keys, Journal of Corporate Finance, 8, 373-391.

Coughenour, Jay, 2002, "Liquidity Provision and the Organizational Form of NYSE Specialist Firms," with Deli, Journal of Finance, 57, 841-870.

Harris, Jeff, 2002, "Nasdaq Trading Halts: The Impact of Market Mechanisms on Prices, Trading Activity and Execution Costs," with Christie and Corwin, Journal of Finance, 57, 1443-1478.

Laux, Paul, 2002, "Fragmentation and Complementarity: The Case of EFPs," with Brown-Huska, Journal of Futures Markets, 22, 697-727.

Schweitzer, Robert, 2002, "Do Lenders Discriminate Against Low Income Borrowers?" with Black and Robinson, Review of Black Political Economy.

Varma, Raj, 2002, "Closed-end versus Open-end: The Choice of Organizational Form," with Deli, Journal of Corporate Finance, 8, 1-27.

Varma, Raj, 2002, "Contracting in the Investment Management Industry: Evidence from Mutual Funds," with Deli, Journal of Financial Economics, 63, 79-98.

Published in 2001:

Campbell, Terry, 2001, "Corporate Governance in South Korea: Implications for Future Research," Research in International Business and Finance, 15, 261-272.

Harris, Jeff, 2001, "The Initial Listing Decision of Firms that Go Public," with Corwin, Financial Management, 30, 35-55.

Laux, Paul, 2001, "Operational Hedges and the Foreign Exchange Exposure of US Multinational Corporations," with Simkins and Pantzalas, Journal of International Business Studies, 40, 403-435.

Schweitzer, Robert, 2001, "Comparing Lending Decisions of Minority Owned Banks: Is there Discrimination in Mortgage Lending?," with Black and Robinson, Review of Financial Economics.

Schweitzer, Robert, Varma, Raj, 2001, "The Effect of Bank Debt Downgrades on Stock Prices of Other Banks," with Szewczyk, Financial Review, 36, 139-186.

Varma, Raj, 2001, "The Role of Institutional Investors in Equity Financing and Corporate Monitoring," Journal of Business and Economic Studies, 7, 39-53.

Published in 2000:

Bowers, Helen, 2000, "Signaling, Financial Slack and Corporate Acquisitions," with Moore and Tse, Review of Quantitative Finance and Accounting, 195-216.

Campbell, Terry, 2000, "Restructuring the Japanese Banking System: Has Japan Gone Far Enough?," with Anderson, International Review of Financial Analysis, 9, 197-218.

Laux, Paul, 2000, "How US Multinational Corporations Manage Foreign Exchange Rate Exposure," with Simkins and Pantzalas, Corporate Finance Review, 4, 5-14.

Schweitzer, Robert, and Varma, Raj, 2000, "Too Big to Downgrade: The Response of Financial Analysts to Bond Downgrades of Money Center Banks," with Szewczyk, Managerial Finance, 26, 31-41.