Faculty Publications

Lubomir Litov with Dhruv Aggarwal, Eldar Ofer, and Yael V. Hochberg, “The Rise of Dual-Class Stock IPOs” (November 2021), Journal of Financial Economics, forthcoming.

Xuhui (Nick) Pan with Hengjie Ai, Leyla Jianyu Han, and Lai Xu “The Cross-Section of Monetary Policy Announcement Premium” (October 2021), Journal of Financial Economics, forthcoming.

Jared Stanfield, Claire Liu and Ronald Masulis, “Why CEO option compensation can be a bad option for shareholders: Evidence from major customer relationships” Journal of Financial Economics 142 (October 2021), pp. 453-481. 

Maryam Fathollahi with Jarrad Harford and Sandy Klasa, “Anticompetitive effects of horizontal acquisitions: The impact of within-industry product similarity” Journal of Financial Economics (published online June 2021), forthcoming. 

Jared Stanfield, Jarrad Harford and Feng Zhang, “Do insiders time management buyouts and freezeouts to buy undervalued targets?” Journal of Financial Economics 131, 2019, pp. 206-219.

Lubomir Litov, Simone Sepe, Martijn Cremers, “Staggered Boards and Long-term Firm Value, Revisited”, Journal of Financial Economics 136 (November 2017), pp. 422-444.

Tor-Erik Bakke, Tiantian Gu, “Diversification and Cash Dynamics,” December 2015, forthcoming Journal of Financial Economics 123 (March 2017), pp. 580-601.

Tor-Erik Bakke, Hamed Mahmudi, Chitru Fernando, and Jesus Salas, “The Causal Effect of Option Pay on Corporate Risk Management,” Journal of Financial Economics 120, (June 2016), pp. 623-643. Co-author an OU Ph.D. graduate.

William Megginson, Ginka Borisova, Kate Holland, and Veljko Fotak, "Government Ownership and the Cost of Debt:  Evidence from Government Investments in Publicly Traded Firms,” Journal of Financial Economics 118 (October 2015), pp. 168-191. Co-authors are all OU Ph.D. graduates.

Pradeep Yadav, Veljko Fotak and Vikas Raman, "Fails-to-Deliver, Short Selling, and Market Quality,” Journal of Financial Economics 114 (December 2014), pp. 493–516. Co-authors are OU Ph.D. graduates.

Vahap Uysal and Jarrad Harford, “Bond Market Access and Investment” Journal of Financial Economics 112 (May 2014), 147-163.

John Paul Broussard with Neil Pearson and Dmitriy Muravyev, “Is there Price Discovery in Equity Options,” Journal of Financial Economics 107 (February 2013), pp. 259–283

Vahap Uysal, “Deviation from the Target Capital Structure and Acquisition Choices,” Journal of Financial Economics 102 (December 2011), pp. 602-620.

Lubomir Litov with Yakov Amihud and Viral Acharya, “Creditor Rights and Corporate Risk-taking” Journal of Financial Economics 102 (2011), pp. 150-166.

William Megginson with Johan H. van Eije, “Dividends and Share Repurchases in the European Union,” Journal of Financial Economics 89 (August 2008), pp. 347-374.

Chitru Fernando with Tim Adam, “Hedging, Speculation, and Shareholder Value,” Journal of Financial Economics 81 (2006), pp. 283-309.

Pradeep Yadav with J. Merrick and N.Y. Naik, “Strategic Trading Behavior and Price Distortion in a Manipulated Market: Anatomy of a Squeeze,” Journal of Financial Economics 77, (July 2005), pp 171-218.

Pradeep Yadav with N.Y. Naik, “Do Dealers Manage Inventory on a Stock-by-Stock or a Portfolio Basis?” Journal of Financial Economics 69 (August 2003), pp 325-353.

Chitru Fernando with N.K Chidambaran and P. Spindt, “Credit Enhancement Through Financial Engineering:  Freeport-McMoRan’s Gold Denominated Depository Shares,” Journal of Financial Economics 60 (2001), pp. 487-528.

William Megginson with Steven L. Jones, Robert C. Nash, and Jeffrey M. Netter, “Share Issue Privatizations as Financial Means to Political and Economic Ends,” Journal of Financial Economics 53, (August 1999), pp. 217-253 [lead article].

William Megginson with Carlos P. Maquieira and L. A. Nail, “Wealth Creation Versus Wealth Redistribution in Pure Stock Exchange Mergers,” Journal of Financial Economics 48, (April 1998), pp. 3-33. 

Scott Linn with J. Michael Pinegar, "The Effect of Issuing Preferred Stock on Common and Preferred Stockholder Wealth," Journal of Financial Economics 22 (October 1988), pp. 155-184.

Scott Linn with John J. McConnell, "An Empirical Investigation of The Impact of 'Antitakeover' Amendments on Common Stock Prices," Journal of Financial Economics 11 (April 1983), pp. 361-399.

•  “All Star Paper” distinction awarded to paper by the editors of the Journal of Financial Economics, December 2002.

Louis Ederington, "Uncertainty, Competition, and Costs in Corporate Bond Underwriting, Journal of Financial Economics (March 1975), pp 71‑94.

Tor-Erik Bakke with Toni Whited, "Threshold Events and Identification: A Study of Cash Shortfalls," Journal of Finance 67 (June 2012), pp.1083-1111.

Chitru Fernando with Anthony May and William Megginson, ““The Value of Investment Banking Relationships: Evidence from the Collapse of Lehman Brothers,” Journal of Finance 67 (2012), pp. 235-270. Third author a recent OU PhD graduate.

Vahap Uysal with A. Almazan, A. De Motta and S. Titman, “Financial Structure, Acquisition Opportunities, and Firm Locations” Journal of Finance 65 (April 2010), pp. 529-563

Lubomir Litov with Kose John and Bernard Yeung, “Corporate Governance and Managerial Risk Taking” Journal of Finance 63 (2008), pp. 1679-1728.

Chitru Fernando with Vladimir Gatchev and Paul Spindt, “Wanna Dance? How Firms and Underwriters Choose Each Other,” Journal of Finance 60 (2005), pp. 2437-2469.

William Megginson with Robert C. Nash, Jeffry M. Netter, and Annette B. Poulsen, “The Choice Between Private and Public Markets: Evidence from Privatization,” Journal of Finance 59 (December 2004), pp. 2835-2870.

Pradeep Yadav with N.Y. Naik, “Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets”, Journal of Finance, Volume 58, Issue 5, October 2003, pp 1873-1904.

Heber Farnsworth, Richard Bass, “The Term Structure with Semi-credible Targeting,” Journal of Finance 58, 2003.

William Megginson with Juliet D’Souza, “The Financial and Operating Performance of Newly-Privatized Firms During the 1990s,” Journal of Finance 54 (August 1999), pp. 1397-1438.

William Megginson with Matthias van Randenborgh and Robert C. Nash, "The Financial and Operating Performance of Newly-Privatized Firms:  An International Empirical Analysis," Journal of Finance 49, (June 1994), pp. 403-452.

• Winner (one of two) of a Smith Breeden Distinguished Paper Award for outstanding research published in the Journal of Finance in 1994.

Louis Ederington with Jeremy Goh, "Is a Bond Rating Downgrade Bad News, Good News or No News for Stockholders," Journal of Finance 48, (December 1993), pp. 2001-2008.

Louis Ederington with Jae Ha Lee, "How Markets Process Information:  News Releases and Volatility," Journal of Finance 48, (September 1993), pp. 1161-1191.

Louis Ederington with Cynthia Campbell and P. Vankudre, "Tax Shields, Sample Selection Bias, and the Information Content of Conversion Forcing Bond Calls," Journal of Finance 46, (September 1991), pp. 1291-1324.

William Megginson with Kathleen Weiss, "Venture Capitalist Certification in Initial Public Offerings," Journal of Finance 46, (July 1991), pp. 879-903.

• Reprinted in Mike Wright, Lowell W. Busenitz, and Harry J. Sapienza, eds., Venture Capital (Edward Elgar, 2003). 

William Megginson with James Ang and David Blackwell, "The Effect of Taxes on the Relative Valuation of Dividends and Capital Gains:  Evidence from Dual-Class British Investment Trusts," Journal of Finance 46, (March 1991), pp. 383-399.

William Megginson with Ekkehart Boehmer, "Determinants of Secondary Market Prices for Developing Country Syndicated Loans," Journal of Finance 45, (December 1990), pp. 1517-1540.

Scott Linn with Larry J. Lockwood, "An Examination of Stock Market Return Volatility During Intraday and Overnight Periods, 1964 - 1989," Journal of Finance 45, No. 2, (June 1990), pp. 591-601.

Bryan Stanhouse, “Commercial Bank Portfolio Behavior and Endogenous Uncertainty,” Journal of Finance, (December 1986).

Louis Ederington with Jess Yawitz and Kevin Maloney, "Taxes, Default Risk and Yield Spreads," Journal of Finance 40, No. 4, (September 1985), pp 1127‑1140.

Duane Stock, "Municipal Bond Demand Premiums and Bond Price Volatility: A Note," Journal of Finance 39, No. 2, (June 1984), pp. 535-539.

Gary Emery, "Discussion of:  The Design of a Company's Banking System," Journal of Finance 38, (May 1983), pp. 387‑389.

Bryan Stanhouse with C. Sprenkle, “A Theoretical Framework for Evaluating the Impact of Universal Reserve Requirements,” Journal of Finance, (September 1981)

Bryan Stanhouse with L. Sherman, “A Bayesian Approach to Information in the Loan Evaluation Process,” Journal of Finance, (December 1979).

Louis Ederington, "Aspects of the Production of Significant Financial Research," Journal of Finance 34, No. 3, (June 1979), pp 777‑786.

Louis Ederington, "The Hedging Performance of the New Futures Markets," Journal of Finance 34, No. 1, (March 1979), pp 157‑170.

Louis Ederington, "Competitive Versus Negotiated Underwritings of Corporate Bonds," Journal of Finance, (March 1976), pp 17‑28.

Louis Ederington, "The Yield Spread on New Issues of Corporate Bonds," Journal of Finance, (December 1974), pp 1531‑1544.

Aaron Burt and Christopher Hrdlicka, "Where Does the Predictability from Sorting on Returns of Economically Linked Firms Come From?" Journal of Financial and Quantitative Analysis (Forthcoming).

Scott Linn, Pradeep Yadav, and Sridhar Gogineni, “Vertical and Horizontal Agency Problems in Private Firms: Ownership Structure and Operating Performance”, Journal of Financial and Quantitative Analysis (Forthcoming 2021). Gogineni is a former OU PhD graduate.

Jared Stanfield and Phong Ngo, “Does government spending crowd out R&D investment? Evidence from government-dependent firms and their peers" Journal of Financial and Quantitative Analysis (Forthcoming).

Lubomir Litov, Kose John and Scott Guernsey “Actively Keeping Secrets from Creditors: Evidence from the Uniform Trade Secrets Act” Journal of Financial and Quantitative Analysis. (Forthcoming). Guernsey a former OU PhD graduate.

William Megginson and Gabriele Lattanzio, “The Financial Economics of Withdrawn Privatizations,” Journal of Financial and Quantitative Analysis. (Forthcoming 2021). Co-author and OU graduate.

Louis Ederington, Chitru Fernando, Scott Linn, Kateryna Holland, Thomas Lee, “Dynamics of Arbitrage,” Journal of Financial and Quantitative Analysis, 56 (June 2021), pp. 1350-1380 Kate Holland a frmer PhD graduate.

Jared Stanfield, Robert Tumarkin, “Does the political power of non-financial stakeholders affect firm values? Evidence from labor unions,” Journal of Financial and Quantitative Analysis 53, 2018, pp. 1101-1133.

Chitru Fernando, Mark Sharfman, Vahap Uysal, Corporate Environmental Policy and Shareholder Value: Following the Smart Money, forthcoming Journal of Financial and Quantitative Analysis (published online October 2017).

Jared Stanfield, Bradley Blaylock and Alexander Edwards, “The role of government in the labor-creditor relationship: Evidence from the Chrysler bankruptcy,” Journal of Financial and Quantitative Analysis 50, 2015, pp. 325-348.

Xuhui (Nick) Pan, Xuhui (Nick) Pan, “The Cross-Section of Recovery Rates and Default Probabilities Implied by Credit Default Swaps,” Journal of Financial and Quantitative Analysis 49, 2014, pp 193-220.

Lubomir Litov with Malcolm Baker and Jessica Wachter and Jeffrey Wurgler, “Can Mutual Fund Managers Pick Stocks? Evidence from their Trades Prior to Earnings Announcements,” Journal of Financial and Quantitative Analysis 45 (2010), pp. 1111-1131.

• Winner of the William Sharpe Award for the best paper published in JFQA in 2010; lead article.

Louis Ederington with Wei Guan, “Longer-term Time Series Volatility Forecasts,” Journal of Financial and Quantitative Analysis 45 (August 2010), 1055-1076.

Heber Farnsworth, Tao Li, “The Dynamics of Credit Spreads and Ratings Migrations,” Journal of Financial and Quantitative Analysis 42, 2007.

William Megginson with Ben Esty, “Creditor Rights, Enforcement, and Debt Ownership Structure:  Evidence from the Global Syndicated Loan Market,” Journal of Financial and Quantitative Analysis 31 (March 2003), pp. 37-59.

Louis Ederington with Jeremy Goh, “Bond Rating Agencies and Stock Analysts: Who Knows What When?” Journal of Financial and Quantative Analysis 31 (December 1998), pp. 569-585. 

Louis Ederington with Jae Ha Lee, “The Creation and Resolution of Market Uncertainty: The Impact of Information Releases on Implied Volatility,” Journal of Financial and Quantitative Analysis 31 (December 1996).

Louis Ederington with Jae Ha Lee, "The Short-Run Dynamics of the Price Adjustment to New Information," Journal of Financial and Quantitative Analysis 30 (March 1995), pp. 117-134.

Scott Linn with Puneet Handa, "Arbitrage Pricing With Estimation Risk," Journal of Financial and Quantitative Analysis 28 (March 1993), pp. 81-100.

William Megginson with Brent Ambrose, "The Role of Asset Structure, Ownership Structure, and Takeover Defenses in Determining Acquisition Likelihood," Journal of Financial and Quantitative Analysis 27 (December 1992), pp. 575-589. 

Scott Linn with Puneet Handa, "Equilibrium Factor Pricing with Heterogeneous Beliefs," Journal of Financial and Quantitative Analysis 26 (March 1991), pp. 11-22.

Duane Stock with D. Simonson, "Tax-Adjusted Duration for Amortizing Debt Instruments," Journal of Financial and Quantitative Analysis 23 (September 1988), pp. 313-328.

Gary Emery, "An Optimal Financial Response to Variable Demand," Journal of Financial and Quantitative Analysis 22 (June 1987), pp. 209‑225. 

Gary Emery, "A Pure Financial Explanation for Trade Credit," Journal of Financial and Quantitative Analysis 19 (September 1984), pp. 271‑285. 

Gary Emery with K. Cogger, "Comment On:  A Determination of the Risk of Ruin," Journal of Financial and Quantitative Analysis 16 (December 1981), pp. 759‑764.

Louis Ederington with W. Henry, "On Costs of Capital in Programming Approaches to Capital Budgeting," Journal of Financial and Quantitative Analysis 14 (December 1979), pp. 1049‑1058,

Xuhui (Nick) Pan, Peter Christoffersen, and Kris Jacobs, “The State Price Density Implied by Crude Oil Futures and Option Prices,” Review of Financial Studies (Forthcoming).

Aaron Burt, Christopher Hrdlicka and Jarrad Harford, "How Much Do Directors Influence Firm Value?" Review of Financial Studies 33 (April 2020), 1818–1847.

Caroline Zhu, Campbell Harvey, and Yan Liu “... and the Cross-Section of Expected Returns,” Review of Financial Studies 29 (January 2016): 5-68. [Lead article]

William Megginson with Bernardo Bortolotti and Veljko Fotak, “The Sovereign Wealth Fund Discount: Evidence from Public Equity Investments,” Review of Financial Studies 28 (November 2015), 2993-3035. One co-author an OU graduate.

• Designated “Editor’s Choice” and lead article of issue.

Louis Ederington, Chitru Fernando, and Michael Dewally, 2013. Determinants of trader profits in commodity futures markets. Review of Financial Studies 26, 2648-63. Co-author an OU Ph.D. graduate.

William Megginson with Ginka Borisova, "Does Government Ownership Affect the Cost of Debt? Evidence from Privatization," Review of Financial Studies 24 (August 2011), 2693-2737. Co-author a recent OU Ph.D. graduate.

Tor-Erik Bakke with Toni Whited, "Which Firms Follow the Market? An Analysis of Corporate Investment Decisions, "Review of Financial Studies 23 (2010): 1941-1980.

Heber Farnsworth, Philip Dybvig, and Jennifer Carpenter, “Portfolio Performance and Agency,” Review of Financial Studies 23, 2010 (lead article).

Evgenia Portniaguina (now Golubeva), “Consumer Confidence and Asset Prices: Some Empirical Evidence,” Review of Financial Studies 19 (Winter 2006), pp. 1499 – 1529. With M. Lemmon.

Jared Stanfield, Jarrad Harford and Robert Schonlau, “Trade relationships, indirect economic links, and mergers,” Management Science 65, 2019, pp. 2947-3448.

Scott Linn with Nicholas Tay, “Complexity and the Character of Stock Returns:  Empirical Evidence and A Model of Asset Prices Based Upon Complex Investor Learning,” Management Science 53 (2007), pp. 1165-1180.

Lubomir Litov with Todd Zenger and Patrick Moreton, “Corporate Strategy, Analyst Coverage, and the Uniqueness Discount,” Management Science 58 (2012) pp: 1-19. [Lead article]

John Paul Broussard with G. Geoffrey Booth, Teppo Martikainen, and Vesa Puttonen, “Prudent Margin Levels in the Finnish Stock Index Futures Market”, Management Science 43 (August 1997), 1177-1188.

Bryan Stanhouse, “Bayesian Information and the Precautionary Demand for Money,” Journal of Political Economy, (June 1982).

William Megginson with Jeff Netter, " From State to Market: A Survey of Empirical Studies on Privatization,” Journal of Economic Literature 39, (June 2001), pp. 321-389.

• Listed as the 8^th most widely cited finance article published between 2000 and 2006, and the most widely cited finance paper published in 2001, by Matti Keloharju, “What’s New in Finance?” European Financial Management 14 (June 2008), pages 564-608.

Lubomir Litov with Dan Dhaliwal and Philip Lamoreaux and Jordan Neyland, “Shared Auditors in Mergers and Acquisitions”, Journal of Accounting and Economics 61 (February 2016), pp. 49-76.

Lubomir Litov with Richard Frankel, "Earnings Persistence,” Journal of Accounting and Economics 47 (2009), pp. 182-190.

Sara Holland, John Ammer, David Smith, and Frank Warnock, “U.S. International Equity Investment,” Journal of Accounting Research 50, 2012, pp. 1109-1139.

Duane Stock with Collin Watson, "Human Judgment Accuracy, Multidimensional Graphics, and Humans Versus Models," Journal of Accounting Research 22 (Spring 1984), pp. 192-206.

Gary Emery with Kenneth O. Cogger, "The Measurement of Liquidity," Journal of Accounting Research 20 (Autumn 1982), pp. 290‑303.

Lubomir Litov with Franklin Allen and Jianping Mei, "Large Investors, Price Manipulation, and Market Breakdown - Anatomy of Market Corners,” Review of Finance 10 (2006), pp. 645-693.

Chitru Fernando and Mark Sharfman, “Environmental Risk Management and the Cost of Capital,” Strategic Management Journal 29 (2008), pp. 569-592.

William Megginson with Jeff McGee and Michael Dowling, “Cooperative Strategy and New Venture Performance:  The Role of Business Strategy and Management Expertise," Strategic Management Journal 16 (October 1995), pp. 457-475.

William Megginson with Alvaro Cuervo-Cazurra and Anna Grosman “Governments as Foreign Investors: Discreet Power Through State-owned Multinationals and Sovereign Wealth Funds,”, (May 2021) forthcoming in the Journal of International Business Studies.

William Megginson with Lifang Chen, Minghui Han, Yong Li, and Hao Zhang “Foreign Ownership and Corporate Excess Perks,” (March 2021), forthcoming in the Journal of International Business Studies.

Lubomir Litov with Gil Aharoni, Bryan Lim and Jordan Neyland “Expert Advice in the Presence of Conflicts of Interest: The Case of Star-Crossed Acquisitions,” Review of Accounting Studies forthcoming 2021.

Louis Ederington with Michael Dewally, “Reputation, Certification, Warranties, and Information as Remedies for Seller-Buyer Information Asymmetries: Lessons from the On-line Comic Book Market,” Journal of Business 79 (March 2006), pp 693-730.

Heber Farnsworth, Wayne Ferson, David Jackson, and Steven Todd, “Performance Evaluation with Stochastic Discount Factors,” Journal of Business 75, 2002.

Louis Ederington with Jae Ha Lee, “Who Trades Futures and How: Evidence from the Heating Oil Futures Market,” Journal of Business (July 2002).

Gary Emery, “Cyclical Demand and the Choice of Debt Maturity,” Journal of Business 74 (October 2001), pp. 557-590.

Louis Ederington with Jeremy Goh, “Is a Convertible Bond Call Really Bad News?”  Journal of Business (July 2001).

Louis Ederington, "Bidding for Securities:  The Effect on the Issuer's Interest Costs," Journal of Business 51 (October 1978), pp 673‑686.

William Megginson with Annette Poulsen and Joseph Sinkey, "Syndicated Loan Announcements and the Market Value of the Banking Firm," Journal of Money, Credit and Banking 27 (May 1995), pp. 457-475. 

Bryan Stanhouse with C. Sprenkle, “Reserve Requirements and Optimal Control of the Money Supply,” The Journal of Money, Credit and Banking (November 1979).

Bryan Stanhouse, “Rationality of the Michigan Price Expectations Data,” The Journal of Money, Credit and Banking (November 1977).

Louis Ederington with S. Skogstad, "Measurement of Banking Competition and Geographic Markets:  The Market for Checking Account Services," Journal of Money, Credit and Banking (August 1977), pp 469‑482.

Jared Stanfield, “Skill, syndication, and performance: Evidence from leveraged buyouts,” Journal of Corporate Finance 65 (December 2020).

Amal Abeysekera and Chitru Fernando, “Corporate Social Responsibility versus Corporate Shareholder Responsibility: A Family Firm Perspective,” Journal of Corporate Finance 61 (April 2020).

William Megginson, Antonio Meles, Gabriele Sampagnaro, Vincenzo Verdoliva, “Financial Distress Risk in Initial Public Offerings: How Much Do Venture Capitalists Matter?” Journal of Corporate Finance 59 (December 2019), pp. 10-30.

William Megginson, Narjess Boubakri, Sadok El Ghoul, Omrane Guedhami, “The Market Value of Government Ownership,” Journal of Corporate Finance 50 (June 2018), pp. 44-65.

William Megginson, Narjess Boubakri, Sadok El Ghoul, and Omrane Guedhami “The Market Value of Government Ownership,” forthcoming, Journal of Corporate Finance (accepted December 2017).

Duane Stock with Michael Alderson and Fang Lin, “Does the Choice between Fixed Price and Make Whole Call Provisions Reflect Differential Agency Costs,” Journal of Corporate Finance (forthcoming 2017).

Sara Holland, “Firm Investment in Human Health Capital,” Journal of Corporate Finance 46, 2017, pp. 374-390.

William Megginson, Juliet D’Souza, Barkat Ullah, and Zuobao Wei, “Growth and Growth Obstacles in Transition Economies: Privatized versus De Novo Private Firms,” Journal of Corporate Finance 42 (February 2017), 422-438.

William Megginson, Antonio Meles, Gabriele Sampagnaro, Vincenzo Verdoliva, “Financial Distress Risk in Initial Public Offerings: How Much Do Venture Capitalists Matter?”  Journal of Corporate Finance (forthcoming 2017).

Scott Linn, Gary Caton, Jeremy Goh and Lee Yen Teik, “Governance and Post Repurchase Performance,” Journal of Corporate Finance 39 (2016), pp. 155-173.

Pradeep Yadav, Ginka Borisova, “Government Ownership, Informed Trading and Private Information,” Journal of Corporate Finance 33 (August 2015), pp. 196-211. Borisova is an OU graduate.

William Megginson, Juliet D’Souza, Barkat Ullah and Zuobao Wei, “Growth and Growth Obstacles in Transition Economies: Privatized versus De Novo Private Firms,” Journal of Corporate Finance (forthcoming 2015). 

Chitru Fernando, Vladimir Gatchev, Anthony May, and William Megginson, “Prestige without Purpose? Reputation, Differentiation, and Pricing in U.S. Equity Underwriting,” Journal of Corporate Finance 32 (June 2015), pp. 41-63. One co-author an OU graduate.

Duane Stock and Dong Kim, “The Effect of Interest Rate Volatility and Equity Volatility on Corporate Bond Yield Spreads: A Comparison of Noncallables and Callables,” Journal of Corporate Finance, 26 (June 2014), pp. 20-35.

Duane Stock and Dong Kim, “The Effect of Interest Rate Volatility and Equity Volatility on Corporate Bond Yield Spreads: A Comparison of Noncallables and Callables”, with Dong Kim, Journal of Corporate Finance, Volume 26, June 2014, pages 20-35.

Duane Stock and Dong Kim, “Impact of the TARP Financing Choice on Existing Preferred Stock” Journal of Corporate Finance, with, Volume 18, December 2012, pages 1121-1142.

Ilhan Demiralp with Ranjan D’Mello, Frederik P. Schlingemann, and Venkat Subramaniam, "Are There Monitoring Benefits to Institutional Ownership? Evidence from Seasoned Equity Offerings," Journal of Corporate Finance, Vol 17, December 2011, pp 1340-1359.

William Megginson, Edith Ginglinger and Timothee Waxim, “Determinants and Influences of the Presence of Employee Directors on French Boards,” Journal of Corporate Finance 17 (February 2011), 868-887.

Duane Stock with N. Nayar, “Make-whole Call Provisions: A Case of Much Ado about Nothing?”  Journal of Corporate Finance 14 (2008), pp. 387-404.

William Megginson with Juliet D’Souza and Robert Nash, “Effect of Institutional and Firm-Specific Characteristics on Post-Privatization Performance: Evidence from Developed Countries,” Journal of Corporate Finance 11 (October 2005), pp. 747-766.

Scott Linn with Daniel Park, “Outside Director Compensation Policy and the Investment Opportunity Set,” Journal of Corporate Finance 11 (2005), pp. 680-715.

Chitru Fernando, Seth Hoelscher, and Vikas Raman, “The Informativeness of Derivatives Use: Evidence from Corporate Disclosure through Public Announcements,” Journal of Banking and Finance (forthcoming). Hoechsler and Raman are both former OU Ph.D. graduates.

William Megginson, Veljko Fotak and Hae Kwon Lee, “A BIT of Investor Protection: How Bilateral Investment Treaties Impact the Terms of Syndicated Loans,” Journal of Banking and Finance, forthcoming 2019. Fotak is a former OU Ph.D. graduate.

Xuhui (Nick) Pan, Peter Christoffersen, “Oil Volatility Exposure and Expected Stock Returns,” Journal of Banking and Finance, 2018, Volume 95, pp 5-26.

Xuewu Wang, with Lei Qin, and Zhipeng Yan, “Volatility spread and stock market response to earnings announcements,” Journal of Banking and Finance, forthcoming 2017.

Chitru Fernando, Tim Adam and Jesus Salas, “Why Do Firms Engage in Selective Hedging?” Journal of Banking and Finance 77 (2017), pp. 269-282. Salas is an OU graduate.

Duane Stock, Jeffrey Black and Pradeep Yadav, "The Pricing of Different Dimensions of Liquidity: Evidence from Government Guaranteed Bonds,” Journal of Banking and Finance 71 (October 2016), pp. 118-132.

Chitru Fernando, Tim Adam and Evgenia Golubeva, “Managerial Overconfidence and Corporate Risk Management”, Journal of Banking and Finance 60 (November 2015), 195 – 208.

Louis Ederington, with Lisa Yang and Wei Guan, “Bond market event study methods,” Journal of Banking and Finance 58 (September 2015): 281-293.

William Megginson, with Barkat Ullah and Zuobao Wei, “State Ownership, Soft-Budget Constraints, and Cash Holdings: Evidence from China’s Privatized Firms,” Journal of Banking and Finance 48 (November 2014).

Chitru Fernando with Vladimir Gatchev and Paul Spindt, “Institutional ownership, analyst following, and share prices,” Journal of Banking and Finance 36 (2012): 2175-2189 (lead article).

Louis Ederington with Wei Guan, “The cross-sectional relation between conditional heteroskedasticity, the implied volatility smile, and the variance risk premium,” Journal of Banking and Finance 37 (September 2013), 3388-3400.

Pradeep Yadav with Stephen J. Taylor and Y. Y. Zhang, “The information content of implied volatilities and model-free volatility expectations: Evidence from options written on individual stocks”, Journal of Banking and Finance, Volume 34, Issue 4, April 2010, pp 871-881.

Anthony May (Ph.D. student at the time of publication), “The Impact of Bond Rating Changes on Corporate Bond Prices: New Evidence from the Over-the-Counter Market,” Journal of Banking & Finance 34 (2010), pp. 2822-2836.

Bryan Stanhouse with A. Schwarzkopf, “A Computational Approach to Pricing a Bank Credit Line”, published in the Journal of Banking and Finance, October 2010.

Scott Linn, N. Carline, and Pradeep Yadav, “Operating Performance Changes Associated with Corporate Mergers and the Role of Corporate Governance,” Journal of Banking and Finance 33 (2009), pp. 1829-1841.

Louis Ederington and Jesus Salas [OU doctoral student], “Minimum Variance Hedging when Spot Price Changes are Partially Anticipated,” Journal of Banking and Finance 33 (February 2009), pp. 234-243. 

Chitru Fernando, Richard Herring and Avanidhar Subrahmanyam, “Common Liquidity Shocks and Market Collapse: Lessons from the Market for Perps,” Journal of Banking and Finance 32, Issue 8, August 2008, pp. 1625-1635

Louis Ederington and Jesus Salas (OU doctoral student), “Minimum Variance Hedging When Spot Price Changes Are Partially Predictable,” Journal of Banking and Finance 32 (May 2008), pp. 654-663.

Duane Stock, M. Alderson and B. Betker, “Investment and Financing Activity Following Calls of Convertible Bonds,” Journal of Banking and Finance 30 (March 2006), pp. 895-914.

William Megginson, “The Economics of Bank Privatization,” Journal of Banking and Finance 29 (August/September 2005), pp. 1931-1980.

Louis Ederington with Wei Guan, “The Information Frown in Option Prices,” Journal of Banking and Finance 29, #6 (June 2005), pp.1429-1458.

Scott Linn and Duane Stock, “The Impact of Junior Debt Issuance on Senior Unsecured Debt’s Risk Premiums,” Journal of Banking and Finance 29 (June 2005), pp. 1585-1609.

Bryan Stanhouse and Duane Stock, “The Impact of Loan Prepayment Risk and Deposit Withdrawal Risk on the Optimal Intermediation Margin,” Journal of Banking and Finance 28 (August 2004), pp. 1825-1843.

William Megginson, Angela Morgan and Lance Nail, “Changes in Corporate Focus, Ownership Structure, and Long-Term Merger Returns,” Journal of Banking and Finance 28 (March 2004), pp. 523-552.

Scott Linn and Jeannette Switzer, "Are Cash Acquisitions Associated with Better Postcombination Performance than Stock Acquisitions," Journal of Banking and Finance 25 (2001), pp. 1113-1138.

James Ross McCown. “Yield Curves and International Equity Returns”, Journal of Banking and Finance 25, 2001, pp. 767 - 788.

Louis Ederington with Chao-Hsi Huang, "Parameter Uncertainty and the Rational Expectations Model of the Term Structure," Journal of Banking and Finance 19 (May 1995), pp. 207-224.

Duane Stock, "Term Structure Effects on Default Risk Premia and the Relationship of Default-Risky Tax Exempt Yields to Risk Free Taxable Yields – A Note," Journal of Banking and Finance 18, No. 1, (December 1994).

Pradeep Yadav with P.F. Pope, "Stock Index Futures Mispricing: Profit Opportunities or Risk Premia", Journal of Banking and Finance 18 No 5, 1994, pp 921-953.

Pradeep Yadav with P.F. Pope, "Intraweek and Intraday Seasonalities in Stock Market Risk Premia : Cash vs Futures", Journal of Banking and Finance 16 (February 1992), pp 233-270.

Scott Linn with J. Michael Pinegar, “Price Effects of Secondary Offerings of Senior Securities and Warrants," Journal of Banking and Finance 5, No. 3, (June 1991), pp. 683-698.

Duane Stock with Don Simonson, "Duration Mapping of Thrift Institution Value Paths: Tests of Completeness," Journal of Banking and Finance 5 (April 1991), pp. 297-314.

Pradeep Yadav, P.F. Pope and K. Paudyal, "Threshold Autoregressive Modelling in Finance: The Pricing of Equivalent Assets" Mathematical Finance 4 (April 1994), pp 205-221.

Vahap Uysal, S. Kedia and V. Panchapagesan, “Geography and Acquirer Returns,” Journal of Financial Intermediation 17 (March 2008), pp.  256-275.

Chitru Fernando, “Commonality in Liquidity: The Transmission of Liquidity Shocks Across Investors and Securities,” Journal of Financial Intermediation 12 (July 2003), pp. 233-254.

Vahap Uysal with Huseyin Tanriverdi, “Cross-Business Information Technology Integration and Acquirer Value Creation in Corporate Mergers and Acquisitions,” Information Systems Research 22 (December 2011), pp. 703-720.

Bryan Stanhouse, “Stochastic Reserve Losses, Bank Credit Expansion and Bayesian Information,” Journal of Monetary Economics, (August 1983).

Financial Management

Shikong (Scott) Luo with Douglas O. Cook, "Does perception of social issues affect portfolio choices? Evidence from the #MeToo movement", Financial Management (accepted October 2021).

William Megginson, Abdullah Almansour and Leo Pugachev, “Vertical integration as an input price hedge: The case of Delta Air Lines and Trainer Refinery,” Financial Management 49 (March 2020), pp. 179-206. Pugachev is an OU Ph.D. graduate.

Hamed Mahmudi and Michael Pavlin, "Corporate Payout Policy, Cash Savings, and the Cost of Consistency: Evidence from a Structural Estimation," Financial Management 42 (Winter 2013), 843-874.

William Megginson, Stefano Gatti, Stefanie Kleimeier, and Alessandro Steffanoni, “Arranger Certification in Project Finance,” Financial Management 42 (Spring 2013), 1-40.

William Megginson with Seung-Doo Choi and Inmoo Lee, “Do Privatization IPO Firms Outperform in the Long-Run?” Financial Management 39 (Spring 2010), pages 153-185.

John Paul Broussard with Gene Pilotte and Sherrie Buchenroth, “CEO Incentives, Cash Flow, and Investment,” Financial Management 33 (Summer 2004), 51-70.

William Megginson with Maria K. Boutchkova, “Privatization and the Rise of Global Capital Markets,” Financial Management 29 (Winter 2000), pp. 31-76.

William Megginson with Rob Nash, Jeff Netter, and Adam Schwartz, “The Long-Term Return to Investors in Share Issue Privatizations,” Financial Management 29 (Spring 2000), pp. 67-77.

Gary Emery with Jeannette A. Switzer, “Expected Market Reaction and the Choice of Method of Payment for Acquisitions,” Financial Management 28 (Winter 1999), pp. 73-86.

Chitru Fernando with S. Krishnamurthy and P. Spindt, “Is Share Price Related to Marketability?  Evidence from Open-End Mutual Fund Share Splits,” Financial Management 28 (1999), pp. 15-31.

William Megginson with Marc L. Lipson and Carlos P. Maquieira, “Dividend Initiations and Earnings Surprises,” Financial Management 27 (Autumn 1998), pp. 36-45.

Louis Ederington with Gary Caton and Cynthia Campbell, “To Call or Not to Call Convertible Debt,” Financial Management 26 (Spring 1997), pp. 22-31.

Louis Ederington, "Why Split Ratings Occur," Financial Management 15 (Spring 1986), pp. 37‑47. 

Gary Emery, "Some Guidelines for Evaluating Capital Investment Alternatives with Unequal Lives," Financial Management 11 (Spring 1982), pp. 14‑19.

Gary Emery, "Some Empirical Evidence on the Properties of Daily Cash Flow," Financial Management 10 (Spring 1981), pp. 21‑28.

 

Journal of International Money and Finance

Scott Linn, S.Z. Chiou-Wei and Zhen Zhu, “The Response of U.S. Natural Gas Futures and Spot Prices to Storage Change Surprises and the Effect of Escalating Physical Gas Production”, Journal of International Money and Finance 42 (2014), 156-173.

 

Journal of Financial Markets

Louis Ederington with Wei Guan, “How Asymmetric is U.S. Stock Market Volatility,” Journal of Financial Markets 13 (May 2010), pp 225-248 [lead article].

Chitru Fernando with Srinivasan Krishnamurthy and Paul Spindt, "Are Share Price Levels Informative? Evidence from the Ownership, Pricing, Turnover, and Performance of IPO Firms,” Journal of Financial Markets 7 (2004), pp. 377-403.

Evgenia Portniaguina (now Golubeva) with A. Kalay, “Swimming Against the Tides:  The Case of Aeroflex’ Move From the NYSE to NASDAQ,” Journal of Financial Markets 4 (2001), pp. 261-267.

 

Journal of Futures Markets

Xuewu Wang, Zhipeng Yan, Qunzi Zhang, Xuechen Gao, “Investor attention and stock market under-reaction to earnings announcements: evidence from the options market,” Journal of Futures Markets, forthcoming 2017. Fourth author a former OU doctoral student.

Louis Ederington with Wei Guan, “The Bias in Time Series Volatility Forecasts,” Journal of Futures Markets 30 (April 2010), pp 305-323 [lead article].

Louis Ederington with Wei Guan, “Forecasting Volatility,” Journal of Futures Markets, vol 25, #5 (May 2005), pp. 465-490.

Louis Ederington with Scott Chaput, “Volatility Trade Design,” Journal of Futures Markets, vol 25, #3 (March 2005), pp 243-279.

Scott Linn and Zhen Zhu, “Natural Gas Prices and the Gas Storage Report:  Public News and Volatility in Energy Futures Markets, Journal of Futures Markets 24 (March 2004), pp. 283-313.

Scott Linn and B. Stanhouse, “The Economic Advantage of Learners in a Spot/Futures Market,” Journal of Futures Markets 23, (February 2003), pp. 151-168.

Louis Ederington with Wei Guan, “Measuring Implied Volatility.  Is an Average Better? Which Average?” Journal of Futures Markets, (September 2002), pp. 811-837.

Gary Emery and Qingfeng Liu, “An Analysis of the Relationship Between Electricity and Natural Gas Futures Prices,” Journal of Futures Markets 22, (February 2002), pp. 95-122.

Louis Ederington with Jae Ha Lee, “Intraday Volatility in Interest Rate and Foreign Exchange Markets: ARCH, Announcement, and Seasonality Effects,” Journal of Futures Markets, (2001).

Bryan Stanhouse with M. Bertus, “Rational Speculative Bubbles in the Gold Futures Market; An Application of Dynamic Factor Analysis,” Journal of Futures Market, (January 2001).

Pradeep Yadav with P.F. Pope, "Testing Index Futures Market Efficiency using Price Differences: A Critical Analysis", Journal of Futures Markets Vol 11 No 2, April 1991, pp 239-252.

Pradeep Yadav with P.F. Pope, "Stock Index Futures Arbitrage: International Evidence", Journal of Futures Markets Vol 10 No 6, December 1990, pp 573-603.

• Reprinted in “Futures Markets”, a book of readings (ISBN 1-858980704) published by Edward Edgar Publishing and edited by A.G. Malliaris, and part of “Critical Writings in Financial Economics Series”.

 

Journal of Derivatives

Pradeep Yadav with S.J. Taylor and Y.Y. Zhang, “The Cross-Section of Implied Risk Neutral Skewness,” Journal of Derivatives, Volume 16, Summer 2009, pp 1-15.

Louis Ederington, “Ratio Spreads,” Journal of Derivatives, Volume 15, Spring 2008, pp. 41-56. With Scott Chaput.

Louis Ederington with Scott Chaput, “Vertical Spread Design,” Journal of Derivatives, Volume 12, No. 3 (Spring 2005), pp 28-46.

Louis Ederington with Scott Chaput, “Option Spread and Combination Trading.” Journal of Derivatives, Volume 10, No. 4, Summer 2003, pp 72-88.

Louis Ederington with Wei Guan, “Why are those options smiling,” Journal of Derivatives, Volume 10, Winter 2002, pp 9-34 [lead article].

Pradeep Yadav with P.F. Pope, "The Impact of Short Sales Constraints on Stock Index Futures Prices: Direct Empirical Evidence", Journal of Derivatives Volume 1, No. 4 (Summer 1994), pp 15-26.

 

Journal of Portfolio Management

Pradeep Yadav with P.F. Pope, "Discovering Errors in Tracking Error", Journal of Portfolio Management 20 (Winter 1994), pp 27-32.

Scott Linn with Larry J. Lockwood, "Short-term Stock Price Patterns: NYSE, AMEX, OTC," Journal of Portfolio Management 14 (Winter 1988), pp. 30-34.

 

Journal of Fixed Income

Duane Stock, S. Lakshmivarahan, and Shengguang Qian, "A Structural Model for Optimal Selection of Maturity and Timing of Callable Bond Issuance: Help in Incorporating the Impact of Federal Reserve Policy and Other Factors" Journal of Fixed Income 26 (Winter 2017), pp. 33-48. forthcoming 2016).

Duane Stock with S. Lakshmivarahan, “Less Risk for Strong Returns in Bond Portfolios” The Journal of Fixed Income 17 (Fall 2007), pp. 46-62.

Duane Stock with N. Pappu and S. Lakshmivarahan, “Models of Conditional Variance for Bond Prices,” The Journal of Fixed Income 16 (June 2006), pp. 65-70.

Duane Stock and Bryan Stanhouse, "The Impact of Volatility on Duration of Amortizing Debt with Embedded Call Options," Journal of Fixed Income 8 (September 1998), pp. 87-94.

 

Journal of Business Finance and Accounting

Pradeep Yadav with K. Paudyal and P.F. Pope, "Non-linear Dependence in Individual Stock Returns: Does Trading Frequency Matter," Journal of Business Finance and Accounting 26 (1999), pp 651-679.

Pradeep Yadav with D.A. Peel, P.F. Pope, "Deregulation and UK Stock Market Volatility," Journal of Business Finance and Accounting 20 (April 1993), pp 359-372.

Pradeep Yadav with T. Walmsley and W.P. Rees, "The Information Content of the Company Meeting Programme of the Society of Investment Analysts of the United Kingdom: 1985-1990," Journal of Business Finance and Accounting 19 (June 1992), pp 571-584.

Pradeep Yadav with W.H. Watt and P.R. Draper, "The Impact of Option Listing on Underlying Stocks: The UK Evidence," Journal of Business Finance and Accounting 19 (June 1992), pp 485-503.

Pradeep Yadav with P.F. Pope, "Impact of Option Expiration on Underlying Stocks: The U.K. Evidence," Journal of Business Finance and Accounting 19 (April 1992), pp 329-344.

 

Journal of Financial Research

Duane Stock, Fan Chen, “The Impact of New Debt Offerings on Existing Corporate Bondholders,” Journal of Financial Research 41, Fall 2018, pp. 383-410.

William Megginson with James Ang, "Restricted Voting Shares, Ownership Structure, and the Market Value of Dual Class Firms," Journal of Financial Research 11 (Winter 1989), 301-318. 

 

Journal of Applied Corporate Finance

Chitru Fernando, Amal Abeysekera, and Vahap Uysal, “An Investor Perspective on the Black Box of Corporate Social Responsibility,” Journal of Applied Corporate Finance 31: 92-104 (2019).

Chitru Fernando, Vladimir Gatchev, Anthony May and William Megginson, “The Value of Reputation: Evidence from Equity Underwriting,” Journal of Applied Corporate Finance 27 (Summer 2015), 96-112.

Chitru Fernando with Vladimir Gatchev and Paul Spindt, “Two-Sided Matching: How Corporate Issuers and Underwriters Choose Each Other” Journal of Applied Corporate Finance 25: 103-115 (2013).

Chitru Fernando, Anthony May and William Megginson, “Are Investment Banks Special Too? Evidence on Relationship-Specific Capital in Investment Bank Services” Journal of Applied Corporate Finance 24: 92-105 (2012).

Chitru Fernando with Tim Adam, “Can Firms Use Hedging Programs to Profit from the Market? Evidence from Gold Producers,” Journal of Applied Corporate Finance 20 (Fall 2008), pp 86-97.

William Megginson with Bernardo Bortolotti and Scott Smart, “The Rise of Accelerated Seasoned Equity Underwritings,” Journal of Applied Corporate Finance 20 (Summer 2008), pp. 35-57.

William Megginson with Rajesh Chakrabarti and Pradeep  Yadav, “Corporate Governance in India,” Journal of Applied Corporate Finance 20 (Winter 2008), pp. 59-72.

William Megginson with Dario Scannapieco. “The Financial and Economic Lessons of Italy’s Privatization Program,” Journal of Applied Corporate Finance 18 (Summer 2006), pages 56-65.

William Megginson, “Towards a Global Model of Venture Capital?” Journal of Applied Corporate Finance 16 (Winter 2004), pp. 89-107.

William Megginson with Stefanie Kleimeier. “Are Project Finance Loans Different From Other Syndicated Credits?” Journal of Applied Corporate Finance 13 (Spring 2000), pp. 75-87.

Duane Stock and Bryan Stanhouse, "Variations in the Impact of Embedded Call Features Upon Par Coupon Yields," Journal of Applied Corporate Finance 12, Spring 1999, pages 92-99.

William Megginson with Lance A. Nail and Carlos P. Maquieira “The Wealth Effects of Stock Exchange Mergers on Debt and Equity Securityholders,” Journal of Applied Corporate Finance 11 (Summer 1998), pages 95-106.

William Megginson with Robert C. Nash and Matthias van Randenborgh, “The Record on Privatization,” Journal of Applied Corporate Finance 9 (Spring 1996), pages 403-452. 

Scott Linn with Michael S. Rozeff, "The Corporate Selloff," Midland Corporate Finance Journal 2 (Summer 1984), pp. 17-26.  [This was the precursor to the Journal of Applied Corporate Finance]

• Reprinted in The Revolution in Corporate Finance, first edition, 1986, and second edition, 1992, Joel Stern and Donald Chew, eds., Basil Blackwell, and in Corporate Restructuring and Executive Compensation, Joel Stern, G. Bennett Stewart and Donald Chew, eds., Ballinger, 1988.

 

Review of Quantitative Finance and Accounting

Duane Stock and Bryan Stanhouse, “Credit Line Takedown and Endogenous Bank Capital,” Review of Quantitative Finance and Accounting (forthcoming).

Duane Stock and Bryan Stanhouse, “The Optimal Redemption Schedule of Serial Municipal Debt: A Dynamic Reconciliation of Revenues, Reinvestment Rates and the Term Structure,” Review of Quantitative Finance and Accounting 16 (Winter 2001), pp. 5-32.

Duane Stock with V. Lesseig, "The Effect of Interest Rates on the Value of Corporate Assets," Review of Quantitative Finance and Accounting 11 (Fall 1998), pp. 5-22.

 Scott Linn with Joonmo Cho and Ashraf Nakibullah, "Implications of Debt Renegotiation for Optimal Bank Policy and Firm Behavior," Review of Quantitative Finance and Accounting 8 (March 1997), pp. 163-179. 

Scott Linn and Bryan Stanhouse, "The Behavior of Risky Asset Prices in a Symmetric Least Squares Learning Environment," Review of Quantitative Finance and Accounting 4 (December 1994), pp. 357-381.

Duane Stock with T.K. Bhattacharya, "Bond Yields Compared to Amortizing Yields," Review of Quantitative Finance and Accounting 3 (Fall 1993), pp. 325-337.

 

Review of Futures Markets/CBOT Symposium Proceedings

Scott Linn with Zhen Zhu, “Forecasting Performance of Fundamental Natural Gas Price Models, Hedging Strategies and the Average Cost of Gas:  A Study of the U.S. Natural Gas Market,” Review of Futures Markets 14 (2006), 485-518.  

Pradeep Yadav with S. Unni, "The Early Exercise Premium in American Option Prices: Direct Empirical Evidence," Chicago Board of Trade Futures Research Symposium Proceedings 4 (1998).

Pradeep Yadav, "An Analysis of the Lead-Lag Relationship between OMX Index Forwards and the OMX Cash Index: A Discussion", Chicago Board of Trade Futures Research Symposium Proceedings 1 (1995), pp 39-47.

Scott Linn with Jae Ha Lee, "Intraday and Overnight Volatility of Stock Index and Stock Index Futures Returns," Review of Futures Markets 13 (1994), pp. 1-29.

Pradeep Yadav, "Stock Index Futures Prices in Germany: A Commentary", Review of Futures Markets 13 (1993), pp 687-694.

Pradeep Yadav, "Modelling S&P 500 Futures Mispricing Using a Neural Network: A Critical Analysis", Review of Futures Markets 12 (1992), pp 543-548.

 

Journal of Commodity Markets

Louis Ederington, Chitru Fernando, Scott Linn, Thomas Lee, Seth Hoelscher, “A Review of the Evidence on the Relation Between Crude Oil Prices and Petroleum Product Prices,” Journal of Commodity Markets 15, 2019, pp. 1-15. (Lead article). Hoelscher is a former Ph.D. graduate.

Louis Ederington, Chitru Fernando, Scott Linn, Thomas Lee, Seth Hoelscher, “Characteristics of Petroleum Product Prices: A Survey,” Journal of Commodity Markets 14, 2019, pp. 1-15. (Lead article) . Hoelscher is a former Ph.D. graduate.

 

Other Finance Journals and Publications

William Megginson with Heber Farnsworth and Bing (Doris) Xu, “Energy Finance,” October 2021, conditionally by the Oxford Research Encyclopedia of Finance and Economics.

Wei Wei with Alex Young, “Selection Bias or Treatment Effect? A Re-Examination of Russell 1000/2000 Index Reconstitution,” Critical Finance Review, forthcoming 2021.

William Megginson with Asif Malik and Diego Lopez “The Rise of State-Owned Investors,” April 2021, forthcoming, Annual Review of Financial Economics. Asif Malik is a current OU Ph.D. student.

Shikong (Scott) Luo, Alan Tidwell and Sherwood Clements, "Does Political Uncertainty Affect Residential Development?", Journal of Real Estate Finance and Economics (accepted, October 2021).

William Megginson with Veljko Fotak “Government Equity Investments in Coronavirus Bailouts: Why, How, When?” Forthcoming 2021, Journal of Law, Finance, and Accounting.

William Megginson and Peter Mueller, “Privatization, Regulation, and Innovation in Natural Monopoly Industries,” with Peter Mueller, March 2021, forthcoming, Academy of Management Perspectives.

William Megginson with Summer Liu, “A Survey of Research on State Capitalism,” in Anna Grosman, Mike Wright, and Ilya Okhmatovsky, Editors, State Capitalism and the Firm, by Oxford University Press. Forthcoming 2021.

Duane Stock, Bryan Stanhouse and Diego Leal, “Estimating the Term Structure of Corporate Bond Liquidity Premiums: An Analysis of Default Free Bank Bonds” Journal of International Financial Markets, Institutions & Money, July 2020, Volume 67.

William Megginson and Xuechen Gao, “The State of Research on Sovereign Wealth Funds,” with, May 2020, Global Finance Journal 44. Gao is an OU Ph.D. graduate.

William Megginson, Claudio Porzio, Gabriele Sampagnaro, and Vincenzo Verdoliva, “Small Business Financing Trends,” Global Finance Journal 43 (February 2020).

Xuhui (Nick) Pan, Kainan Wang and Blerina Bela Zykaj, “Does Institutional Ownership Predict Mutual Fund Performance? An Examination of Undiscovered Holdings within 13F Reports,” European Financial Management 25, 2019, pp 1249-1285.

Duane Stock, Jeffrey R. Black and Seth A. Hoelscher, “How a Credit Enhancement Affects Bond Liquidity and Default Risk of the Firm,” Journal of Fixed Income, Winter 2019, pp. 24-27.

Lubomir P. Litov, Phillip T. Lamoreaux, Landon M. Mauler, “lead Independent Directors: Good governance or window dressing?” Journal of Accounting Literature 43, December 2019, pp. 47-69.

William Megginson, Bo Li, Zhe Shen, and Qian Sun, “Privatization Effect Versus Listing Effect: Evidence from China,” with Pacific-Basin Finance Journal 56 (September 2019), 369-394.

Sara Holland with Tina Marsh Dalton, “Why Do Firms Use Insurance to Fund Worker Health Benefits? The Role of Corporate Finance,” Journal of Risk and Insurance (2019) 86(1): 183-212.

Scott Linn, Alex Malyscheff, D. Sharma and John Jiang, “Challenges Towards an Improved Economic Dispatch in an Interconnected Power System Network,” The Electricity Journal 32, 2019, pp. 44-49.

Sara Holland, Tina Marsh Dalton, “Why Do Firms Use Insurance to Fund Worker Health Benefits? The Role of Corporate Finance,” Journal of Risk and Insurance 86, 2019, pp. 183-212.

John Paul Broussard with G. Geoffrey Booth and Ryan Timmer, “The efficacy of life insurance company general account equity asset allocations: A safety-first perspective using vine copulas,” 2018, Annals of Actuarial Science 12 (2), 372–390.

James Ross McCown, Ky-Hyang Yuhn, Sang Bong Kim &, “Stock returns, velocity dynamics and inflation volatility”. (2018), The European Journal of Finance.

James Ross McCown, Larry Prather, and Ron Shaw “Asset Allocation: A recommendation for resolving the collision between theory and practice” (2018), Quarterly Journal of Finance and Accounting 56, 45 – 66.

James Ross McCown and Ron Shaw. “Investment Potential and Risk-Hedging Characteristics of Platinum Group Metals”, The Quarterly Review of Economics and Finance 63 (2017), 328 - 337.

John Paul Broussard with Vesa Puttonen and Jussi Mikkonen, “Style Migration in Europe,” (2016), European Financial Management 22, No 5, 797-816

Xuewu Wang, “Investor attention Strategy,” Journal of Behavioral Finance, forthcoming 2017.

William Megginson, “Privatization, State Capitalism, and State Ownership of Business in the 21^st Century,” Foundations and Trends in Finance 11: 1-2 (2017), 1-153.

James McCown and R. Shaw, "Investment Potential and Risk-Hedging Characteristics of Platinum Group Metals” Quarterly Review of Economics and Finance (forthcoming 2016).

William Megginson and Veljko Fotak, “Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research,” Journal of Economic Surveys 29 (September 2015), pp. 733-778.

Sara Holland, “Firm Investment in Human Health Capital” Journal of Corporate Finance (2017) 46: 374-390 “The Welfare Implications of Health Capital Investment” Quarterly Journal of Finance (2014) 4(2):1450007 (27 pages).

Sara Holland, “The Welfare Implications of Health Capital Investment” Quarterly Journal of Finance 4, 2014.

John Paul Broussard with Andrei Nikiforov, “Intraday Periodicity in Algorithmic Trading,” 2014, Journal of International Financial Markets, Institutions, & Money 30, 196-204.

John Paul Broussard with Mika Vaihekoski, “Profitability of Pairs Trading Strategy in an Illiquid Market with Multiple Share Classes,” (2012), Journal of International Financial Markets, Institutions, & Money 22(5), 1188-1201.

Duane Stock with S. Lakshmivarahan and Shengguang Qian, “The Distribution of the Value of the Firm and Stochastic Interest Rates,” Journal of Mathematical Finance 2.1 (2012), pp. 75-82.

Chitru Fernando and Evgenia Golubeva with Tim Adam, “Do Managers Exhibit Loss Aversion in their Risk Management Practices? Evidence from the Gold Mining Industry” in Jonathan Batten, Peter Mackay and Niklas Wagner (editors), Advances in Risk Management, Palgrave Macmillan, 2013.

Sara Holland and Frank Warnock, “Firm-Level Access to International Capital Markets: Evidence from Chilean Equities,” Emerging Markets Review 4, 2003, pp. 39-51.

Heber Farnsworth, Jonathan Taylor, “Evidence on the Compensation of Portfolio Managers,” Journal of Financial Research 29, 2006.

Heber Farnsworth, Evaluating Stochastic Discount Factors from Term Structure Models, Journal of Empirical Finance 16, 2009.

James Ross McCown. “The Effects of Inverted Yield Curves on Asset Returns”, The Financial Review 34 (1999), 109 – 126.

James Ross McCown. “Real Interest Rates in the Early 1980s”, Applied Economic Letters 9 (2002), 739 - 743.                     

James Ross McCown. “Should Foreign Exchange Risk Be Hedged? A Multifactor Analysis”, ICFAI Journal of Financial Risk Management 3 (2006), 6 – 16.

James Ross McCown and P. Fitzgerald, “International Stock Returns and Expected Inflation: Evidence from Pre-War Data,” Ethics and Critical Thinking Quarterly Journal, Volume 2006, Issue 3.

James Ross McCown and John Zimmerman “Analysis of the Investment Potential and Inflation-Hedging Ability of Precious Metals,” in Banking and Capital Markets: New International Perspectives (2010), Black, Kane and Blenman (eds.), 325 – 340.

Chitru Fernando with Vladimir Gatchev and Paul Spindt, “IPO Offer Price Selection, Institutional Subscription, and the Value of the Firm: Theory and Evidence” in Mario Levis and Silvio Vismara (editors), Handbook of Academic Research in IPOs, Edward Elgar, 2013.

Evgenia Golubeva, "Chapter 18: Carbon Management and Environmental Issues", Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy, Betty J. Simkins and Russell E. Simkins (Editors), John Wiley & Sons, Inc. 2013, pages 425 - 442.

Pradeep Yadav with R. Chakrabarti, K. Subramanian and Yesha Yadav, “Executive Compensation in India” by. Forthcoming Research Handbook on Executive Pay edited by Jennifer Hill and Randall Thomas, Edward Elgar Publishing Limited, Fall 2011.

Duane Stock with S. Lakshmivarahan and Shengguang Qian, “Analyzing Cost of Debt and Credit Spreads Using a Two Factor Model with Multiple Default Thresholds and Varying Covenant Protection,” Advances in Financial Planning and Forecasting, July 2011.

Sridhar Gogineni [PhD student], "Oil and the Stock Market: An Industry Level Analysis", The Financial Review 45 (November 2010), pp. 995-1010.

Duane Stock with Nikolay Kosturov, “The Sensitivity of Corporate Bond Volatility to Macroeconomic Announcements,” Handbook of Quantitative Finance and Risk Management, May 2010.

Louis Ederington with Wei Guan, “Measuring Historical Volatility,” Journal of Applied Finance, vol 16, #1 (Spring/Summer 2006), pp 5-14 [lead article].

Scott Linn with David Hillier and Patrick McColgan “Equity Issuance, CEO Turnover and Corporate Governance,” European Financial Management 11 (2005), 515-538.

Pradeep Yadav and L. McMurray, "The Early Exercise Premium in American Option Prices: Direct Empirical Evidence", Derivatives Use, Trading & Regulation 6 (2000), pp 411-435.

Pradeep Yadav with K. Paudyal and P.F. Pope, "Non-linear Dependence in Daily Stock Returns: Evidence from Pacific Basin Markets", Advances in Pacific Basin Financial Markets 2 Part B, (1996), pp 349-377.

Scott Linn with K. Kato and J. Schallheim, "Are There Arbitrage Opportunities in the Market for American Depository Receipts?"  Journal of International Financial Markets, Institutions & Money, Vol. 1, No. 1, 1991, pp. 73-89.

Pradeep Yadav, D.A. Peel, P.F. Pope, "Volatility and the Big Bang Factor - Has the Big Bang made UK Stock Prices more Volatile?" Professional Investor, May 1990, pp 20-22.

• Reprinted in 2000 in “Double Takes”, a book of readings edited by J. Goodchild and C. Callow and published by IIMR and Wiley, ISBN 0-471-89313-7, pp 231-235.

William Megginson, Miao You and Liyan Han, “Determinants of Sovereign Wealth Fund Cross-Border Investments,” Financial Review 48 [lead article; Winner Best Paper Award for 2013] (October 2013), 539-572.

 

Journal of Applied Econometrics

Pradeep Yadav with G F Loudon and W.H. Watt, "An Empirical Analysis of Alternative Parametric ARCH Models", Journal of Applied Econometrics 15 (2000), pp117-136.

 

Journal of Economic Dynamics and Control

Scott Linn with Nicholas Tay, “Fuzzy Inductive Reasoning, Expectation Formation and the Behavior of Security Prices,” Journal of Economic Dynamics and Control 25, No. 3-4, (2001), pp. 321-361.

Bryan Stanhouse with J. Fackler, “Stochastic Macroeconomic Control with Non-Identical Control Intervals,” Journal of Economic Dynamics and Control, (November 1980).

 

Journal of Operations Management

Gary Emery with Manuela A. Marques, “The Effect of Transaction Costs, Payment Terms and Power on the Level of Raw Materials Inventories,” Journal of Operations Management, (Forthcoming)

 

Southern Economic Journal

Scott Linn with Z. Zhu, "Aggregate Merger Activity:  New Evidence on the Wave Hypothesis,” Southern Economic Journal 64, No. 1, (July 1997), pp. 130-146.

• Reprinted in Jeffrey Krug, ed., Mergers and Acquisitions (Sage, 2008). 

Scott Linn with J. Cho and A. Nakibullah, "Tax Evasion with Psychic Costs and Penalty Renegotiation," Southern Economic Journal 63, No. 1, (July 1996), pp. 172-190.

Bryan Stanhouse, “The Advertising-Concentration Controversy: A Comment,” The Southern Economic Journal, (1978).

 

Journal of Economics and Business

Scott Linn and Bryan Stanhouse, "The Economic Advantage of Least Squares Learning in a Risky Asset Market," Journal of Economics and Business 49 (July/August 1997), pp. 303-319.

Duane Stock, "Bond Returns and Betas as Dependent Upon Conditioned Brownian Motion" Journal of Economics and Business 42 (November 1990), pp. 311-324.

Duane Stock with D. Kidwell and T. Koch, "Issue Size and Term Structure Segmentation Effects on Regional Yield Differentials in the Municipal Bond Market", Journal of Economics and Business 39 (November 1987), pp. 339-348.

Duane Stock with Edward L. Schrems, "Relative Price Volatility of Bonds with Differing Credit Risk," Journal of Economics and Business 36 (August 1984), pp. 291-306.

 

Journal of Economics and Management Strategy

Scott Linn with Jiandong Ju and Zhen Zhu, “Middlemen and Oligopolistic Market Makers,” Journal of Economics and Management Strategy 19 (2010), pp. 1-23 [lead article].

Decision Sciences

Duane Stock with Collin and Kent Watson, "Multivariate Normality Testing and Decision Models," Decision Sciences 14 (Fall 1983), pp. 513-526.

 

National Tax Journal

Duane Stock with D. Kidwell and T.  Koch, "The Impact of State Income Taxes on Municipal Borrowing Costs," National Tax Journal 37 (December 1984), pp. 551-562.

 

Journal of Regulatory Economics

Chitru Fernando with M. Crew and P. Kleindorfer, “Theory of Peak-Load Pricing:  A Survey,” Journal of Regulatory Economics 8 (1995), pp. 215-248.

Chitru Fernando with P. Kleindorfer, “Peak-Load Pricing and Reliability Under Uncertainty,” Journal of Regulatory Economics (1993), pp. 5-23.

 

Empirical Economics

Pradeep Yadav with D.A. Peel,"The Time Series Behaviour of Spot Exchange Rates in the German Hyperinflation Period: Was the process Chaotic?" Empirical Economics 20 (1995), pp 455-471. Research supported by Leverhulme Trust.

 

Energy JournaL

Louis Ederington, Scott Linn, Fang Lin and Lisa Yang, “EIA Storage Announcements, Analyst Storage Forecasts, and Energy Prices,” The Energy Journal 40, 2019, pp. 121-142.

Chitru Fernando with P. Kleindorfer and M. Munasinghe, “Integrated Resource Planning in Developing Countries with Environmental Costs,” The Energy Journal 15 (1994), pp. 93-121.

 

Energy Economics

Scott Linn with Louis Ederington, Chitru Fernando, Thomas Lee and Huiming Zhang, “The Relation between Petroleum Product Prices and Crude Oil Prices” Energy Economics, Vol. 94, 2021. Zhang is a current OU Ph.D. student.

Scott Linn and Fan Chen, “Investment and operating choice: Oil and natural gas futures prices and drilling activity,” Energy Economics 66 (2017), 54-68. Co-author a former OU doctoral student.

 

European Journal of Operational Research

Chitru Fernando with P. Kleindorfer and D-J. Wu, “Strategic Gaming in Electric Power Markets,” European Journal of Operational Research 130, (2001), pp. 156-168.

 

Foreign Policy

William Megginson with Veljko Fotak, “A Hole in the Bucket”, Foreign Policy 174: 101 (September/October 2009). Fotak is an OU Ph.D. graduate.

William Megginson, “Think Again: Privatization,” (Spring 2000), Foreign Policy, pp. 14-27 [lead article].

 

British Accounting Review

Pradeep Yadav, "Event Studies based on the Volatility of Returns and Trading Volume: A Review", British Accounting Review 24 (June 1992), pp 157-184.s

Scott Linn, Wenbin Cao, Scott Guernsey “Evidence of Infinite and Finite Jump Processes In Commodity Futures Prices: Crude Oil and Natural Gas,” Physica A: Statistical Mechanics and its Applications 502, 2018, pp. 629-641. Cao and Guernsey and both OU Ph.D. graduates.

William Megginson and Veljko Fotak “Government Equity Investments in Coronavirus Bailouts: Why, How, When?” With Veljko Fotak, Journal of Law, Finance, and Accounting (Forthcoming). Fotak is an OU Ph.D. graduate.

Shikong (Scott) Luo, Alan Tidwell and Sherwood Clements, "Does Political Uncertainty Affect Residential Development?", Journal of Real Estate Finance and Economics (forthcoming 2021).

Shikong (Scott) Luo, Xinyan Yan and Haoyi Yang, "Let’s take a smooth break: Stock return predictability revisited", International Review of Economics & Finance 75 (2021), pp. 300-314.

Chris Cain with T. Springer, and E. Worzala.  Estimating the Transaction Volume of Single-Family Housing Under Changing Economic Conditions using a Varying Parameter Model.  Journal of Housing Research, 2020, 29:2, 89-106.

Chris Cain with J. Benefield, and N. Maynard.  Solving Old Puzzles with New Tricks: Addressing Endogeneity and Nonlinearity in Housing Research.  Journal of Real Estate Research, 2020, 42:3, 420-438.

Chris Cain with D. Huerta-Sanchez, and N. Maynard.  How the Housing Crisis Changed the Pricing Function for Residential Buyers.  Journal of Housing Research, 2019, 28:2, 164-179.

Chris Cain with D. Huerta-Sanchez, and N. Maynard. Housing crisis spillover effects in areas of high concentration of non-primary residences.  Journal of Housing Research, 2018, 27:2, 159-182.

Chris Cain with T. Allen, and J. Benefield. Aging Populations and Master Bedroom Location in Housing.   Journal of Housing Research, 2016, 25:2, 137-156.  Received Practitioner Research Award for immediate impact from the presentation at 2014 American Real Estate Society meeting. 

Lubomir Litov with Kose John “Managerial Entrenchment and Capital Structure: New Evidence,” Journal of Empirical Legal Studies 7 (2010), pp. 693-742.

Lubomir Litov with Simone Sepe and Charles Whitehead “Lawyers and Fools: Lawyer-Directors in Public Corporations,” Georgetown Law Journal 102 (2013).

•  Reprinted in the Corporate Practice Commentator.

Vahap Uysal with Hans Ulrich and Ernst Lehrmann, Creation in Acquisitions: Privatization of Turk Telekom,” Telecommunications Research Trend.

Chitru Fernando with Nicholas Bartkoski and Mark Sharfman, “Environmental Risk Management and Cost of Capital: An International Perspective,” in George T. Solomon (Editor), Best Paper Proceedings of the 2010 Academy of Management Annual Meeting, 2010.

Chitru Fernando with Mark Sharfman and Vahap Uysal, “Do Investors Want Firms to be Green? Environmental Performance, Ownership and Stock Market Liquidity,” in George T. Solomon (Editor), Best Paper Proceedings of the 2009 Academy of Management Annual Meeting, 2009.

Chitru Fernando with Mark Sharfman, “The Capital Advantage of Green Firms,” FSR Forum 4 (June 2009), pp. 18-23.

Scott Linn with Veljko Fotak and Zhen Zhu, “Natural Gas Price Volatility,” Natural Gas and Electricity Vol. 24, 2008, 8-13. Fotak is a current Ph.D. student.

Chitru Fernando with Peter Meier and Mohan Munasinghe, “Dealing with Uncertainty: A Real Options Framework for Carbon Trading,” in Sustainable Energy in Developing Countries, edited by Peter Meier and Mohan Munasinghe, Edward Elgar, Northampton, MA, 2005.

Chitru Fernando with Vladimir Gatchev and Paul Spindt, “The Matching of Firms and Underwriters,” in Proceedings of the Fourteenth International Conference on Entrepreneurial Finance and Business Ventures, Chicago, IL, 2003. Recipient of conference Best Paper Award.

Chitru Fernando with Srini Krishnamurthy and Paul Spindt, “Who Cares about the Level of Share Prices? Evidence from Initial Public Offerings,” in Proceedings of the Fourteenth International Conference on Entrepreneurial Finance and Business Ventures, Chicago, IL, 2003.

Chitru Fernando with N.K. Chidambaran and Paul Spindt, “Credit Enhancement through Targeted Risk Management: Freeport-McMoRan’s Gold Denominated Depositary Shares,” in Proceedings of the Chicago Risk Management Conference, Chicago, IL, 1998.

Chitru Fernando with Paul Kleindorfer and D.J. Wu, “Strategic Gaming in Electric Power Markets,” in Proceedings of the 33rd Annual Hawaii International Conference on System Sciences edited by R. Sprague, Jr., IEEE Computer Science Society Press, Los Alamitos, CA, 2000.

Chitru Fernando with Paul Kleindorfer, “Integrating Financial and Physical Contracting in Electric Power Markets,” in The Virtual Utility, edited by Shimon Awerbuch and Alistair Preston, Kluwer Academic Publishers, Boston, 1996.

Chitru Fernando with   Paul Kleindorfer and Mohan Munasinghe, “Investing in the Common Good: Financing Global Environmental Initiatives,” in Energy, Environment and the Economy, edited by Paul Kleindorfer, Howard Kunreuther and David Hong, Edward Elgar Publishers, Cheltenham, 1996.

Chitru Fernando with Michael Crew and Paul Kleindorfer, “Utilities under Competition: an Options-based Market Approach,” in Pricing and Regulatory Innovations under Increasing Competition edited by Michael Crew, Kluwer Academic Publishers, Boston, 1996.

Chitru Fernando with Kevin Fitzgerald, Paul Kleindorfer and Mohan Munasinghe, “Financing Global Environmental Programs: Efficient Approaches to Cooperation and Institutional

Design,” in Global Climate Change: Economic and Policy Issues, edited by Mohan Munasinghe, The World Bank, Washington, DC, 1995.

Chitru Fernando with Paul Kleindorfer and Richard Tabors, “Unbundling the US Electric Power Industry: a Blueprint for Change,” MIT LEES Laboratory Research Monograph and Wharton School Risk Management and Decision Processes Center Research Monograph, No. 95-03-05, 1995.

Chitru Fernando with Michael Crew, “Pricing Priority Service: Theory versus Utility Practice,” in Incentive Regulation for Public Utilities edited by Michael Crew, Kluwer Academic Publishers, Boston, 1994.

Chitru Fernando with Paul Kleindorfer and Mohan Munasinghe, “Economic Design for Implementing the Montreal Protocol: Country Plans and Global Efficiency,” World Bank Environment Department Research Monograph, No. 1993-41, 1993.

Chitru Fernando with Paul Kleindorfer and Kevin Fitzgerald, “Financing Global Environmental Programs: Institutional Design with Equity and Efficiency,” The Wharton School Risk Management and Decision Processes Center Research Monograph, No. 93-10-02, 1993.

Chitru Fernando with Franklin Allen, Paul Kleindorfer and Isidore Rosenthal, “Implementing the Montreal Protocol in Less Developed Countries: Country Plans and Global Efficiency,” The Wharton School Risk Management and Decision Processes Center Research Monograph, 1991.

Chitru Fernando with Franklin Allen, Paul Kleindorfer and Isidore Rosenthal, “Issues and Options in Implementing the Montreal Protocol in Less Developed Countries: A Research-oriented Perspective,” The Wharton School Risk Management and Decision Processes Center Research Monograph, 1991.