University of Arkansas

Walton College

The Sam M. Walton College of Business

Research

Tomas Jandik, Justin Lallemand, (2017). Do Capital Structure Adjustments by Takeover Targets Influence Acquisition Gains? ,
Rwan El-Khatib, Kathy Fogel, Tomas Jandik, (2017). Impact of Shareholder Proposals on the Functioning of the Market for Corporate Control ,
Tomas Jandik, Justin Lallemand, William McCumber, (2017). The Value Implications of Target Debt Issuance in Withdrawn Takeovers: What Role Do Country-Specific M&A Regulations Play? , Journal of Multinational Financial Management
Tomas Jandik, William McCumber, (2017). Governance, Takeover Probability, and the Cost of Private Debt , Journal of Financial Management, Markets and Institutions
Yingying Shao, Jenny Gu, Pu Liu, (2017). Bank Structure and Liquidity Shocks: Evidence from Emerging Markets during the 2008 Financial Crisis , Review of Pacific Basin Financial Markets and Policies 20 (3)
Scott Hsu, (2017). Politically Connected Private Equity and Employment ,
Jenny Gu, Rodrigo Hernandez, Pu Liu, Yingying Shao, (2017). Mortgage Loan Securitization and Personal Consumption Smoothening , Journal of Economics and Finance 41 (1) : 100 - 115
Jongsub Lee, Andy Naranjo, Corbitt Sirmans, (2016). Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk , 71 (4) : 1813-1856
Scott Hsu, (2016). Do Managers Matter for Corporate Innovations? ,
Tim Yeager, (2016). Assessing Capital Adequacy: A simple and effective community bank stress-testing model , Independent Banker January, 2016
Yingying Shao, Rodrigo Hernandez, Pu Liu, (2015). Government Intervention and Corporate Policies: Evidence from China , 68 (6) : 1205 - 1215
Rwan El Khatib, Kathy Fogel, Tomas Jandik, (2015). CEO Network Centrality and Merger Performance , 116 (2) : 349-382
Tim Yeager, Scott Miller, Eric Olson, (in press). The Relative Contributions of Equity and Subordinated Debt Signals in Predicting Bank Distress During the Financial Crisis , Journal of Financial Stability
Corbitt Sirmans, Stanley Smith, Stacy Sirmans, (2015). Determinants of Mortgage Interest Rates: Treasury Versus Swap , Journal of Real Estate Finance & Economics 50 (1) : 34-51
Timothy Riley, (2014). Average Funds versus Average Dollars: Implications for Mutual Fund Research , 28 : 249:260
Tomas Jandik, Justin Lallemand, (2014). Value Impact of Debt Issuances by Targets of Withdrawn Takeovers , 29 : 475-494
Scott Hsu, (2014). Industry Technological Innovations and Initial Public Offerings: An Empirical Analysis , Journal of Accounting and Finance
Jeff Jones, Yiwen Gu, Pu Liu, (2014). Do Dividend Initiations Signal a Reduction in Risk? Evidence from the Option Market , 42 (1) : 143-158
Pu Liu, Yingying Shao, (2013). Small Business Loan Securitization and Interstate Risk Sharing , Small Business Economics 41 (2) : 449-460
Rodrigo Hernandez, Wayne Lee, Pu Liu, Tian-Shyr Dai, (2013). Outperformance Certificates: Analysis, Pricing, Interpretation, and Performance , 40 (4) : 691-713
Scott Hsu, (2013). Technology Timing of IPOs and Venture Capital Incubation ,
Dobrina Jandik, Tomas Jandik, Tomas Jandik, (2012). Alternative paths of convergence toward U.S. market and legal regulations: Cross-listing vs. merging with U.S. bidders , Journal of Multinational Financial Management 22 (5) : 130-151
Kathy Fogel, Ciara Torres-Spelliscy, (2012). Shareholder-Authorized Corporate Political Spending in the U.K. , University of San Francisco Law Review 46 ( 2) : 479-541
Tim Yeager, Jeff Jones, Wayne Lee, (in press). Valuation and Systemic Risk Consequences of Bank Opacity ,
Dobrina Jandik, Tomas Jandik, Wayne Lee, Tomas Jandik, (2012). The impact of laws, regulations, and culture on cross-border joint ventures , Journal of International Financial Markets, Institutions & Money 22 (4) : 774-795
James Millar, (in press). The Conundrum ofLegislating Risk ReductionThrough Financial Regulation Reform: The Cases of Dodd-Frank and FASB Accounting Changes , JOurnal ofFinancial Regulation and Compliance
Tim Yeager, Jeff Jones, Wayne Lee, (2012). Opaque Banks, Price Discovery, and Financial Instability , 21(2012) (3) : 383-408
James Millar, (in press). Fannie MaeandFreddie Mac: A Case Study in the Politics of Financial Reform , Journal of Financial Crime
Tim Yeager, Kyle Mills, (2012). New Opt-In Overdraft Rules Cost Arkansas Banks $39 Million Annually ,
James Millar, Ellen Harshman , neil seitz, James Fisher, James Gilsinan, Muhammad Islam, Fred Yeager, (2012). US legislation designed to improve corporate governance: an exploration , The Company lawyer
Chris Brune, Pu Liu, William Hildreth, (2011). The Impact of Default Risk Insurer’s Financial Distress on Insured Municipal Bonds , Municipal Finance Journal 32 (3) : 19-36
Tim Yeager, John Hall, David Kern, Thomas King, Kevin Lee, (2011). A Value-at-Risk Approach to Commercial Real Estate Portfolio Stress Testing at U.S. Community Banks , Journal of Risk Management in Financial Institutions 5 (1) : 60-75
Rodrigo Hernandez, Jeff Jones, Yiwen Gu, (2011). An Economic Analysis of Protect Certificates - An Option-Pricing Approach , Banking and Finance Review 3 (2) : 17-40
Radhakrishnan Gopalan, Kangzhen Xie, (2011). Conglomerates and Industry Distress , 24 (11) : 3642-3687
Tim Yeager, Scott Miller, Jeff Jones, (2011). Charter Value, Tobin’s Q and Risk During the Subprime Financial Crisis , Journal of Economics and Business 63 (5) : 372-391
Tim Yeager, Kathy Fogel, Raja Kali, (2011). Have Community Banks Reduced Home Foreclosure Rates? , 35 : 2498-2509
Rodrigo Hernandez, Chris Tobler, L. Saubert, (2011). Contingent claim valuation – The case of Phӧnix Certificates” , Journal of Finance and Accountancy 7 : 1-14
Chris Brune, Pu Liu, (2011). The Contagion Effect of Default Risk Insurer Downgrades: The Impact on Insured Municipal Bonds , Journal of Economics and Business 63 (5) : pp. 492-502
Jorge Brusa, Rodrigo Hernandez, Pu Liu, (2011). Reverse Weekend Effect, Trading Volume, and Illiquidity , Managerial Finance 37 (9) : 817-839
Tim Yeager, Kathy Fogel, Wayne Lee, Liping Ma, Deena Rorie, (2011). The Foreclosure Crisis in 2008: Predatory Lending or Household Overreaching? , The Regional Economist (July 2011) : 13-14
James Millar, Byron Bowen, (2011). Small versus large firm regulatory costs; the case of the Sarbanes-Oxley Act" , 11 (2) : 10
James Millar, James Gilsinan, Muhammed Islam, Neil Seitz, Ellen Harshman, Fred Yeager, (2011). Implications of Crowd Behavior for Financial Reform , The Company Lawyer 32 (2)
Rodrigo Hernandez, J. Brusa, Chris Tobler, (2010). Contingent Claim Valuation of Express Certificates , Banking and Finance Review 2 (2) : 119-126
Rodrigo Hernandez, M. Chatham, Chris Tobler, (2010). Bull and Bear Reverse Exchangeable Securities — An Option-Pricing Approach , International Journal of Global Business and Economics 3 (1) : 131-135
Rodrigo Hernandez, M. Chatham, (2010). A Guide to the Rules-Based Versus Principles-Based Accounting Debate , International Journal of Global Business and Economics 3 (1) : 126-130
Chris Tobler, Lawernce Belcher, (2010). Teaching Multiple Skills with a Short Writing Assignment: Using Legal Case Briefs in Business Classes , Business Education Innovation Journal 2 (2) : 35-38
James Millar, Neil Seitz, James Gilsinan, James Fisher, Ellen Harshman, Muhammed Islam, Fred Yeager, (2010). The US subprime mortgage crisis: what have we learned? , The Company Lawyer 31 ( 11) : 355-360
M Zhao, Kathy Fogel, R Morck, B Yeung, (2010). Trade Liberalization and Institutional Reform , Asian Economic Papers 9 ( 2) : 44-71
Tim Yeager, Greg Sierra, (2010). Mark It at Book or Book It at Market? The Debate Over Fair Value Accounting , The Arkansas Banker
Scott Hsu, (2010). The New Game in Town: Competitive Effects of IPOs ,
Tim Yeager, (2010). Why the Dreaded Inflation Won't Come , The Arkansas Banker
Ravi Jagannathan, Alexey Malakhov, Dmitry Novikov, (2010). Do Hot Hands Exist among Hedge Fund Managers? An Empirical Evaluation , 65 ( 1) : 217 - 255
Tomas Jandik, Raja Kali, Tomas Jandik, (2009). Legal Systems, Information Asymmetry, and Firm Boundaries: Cross-Border Choices to Diversify Through Mergers, Joint Ventures, or Strategic Alliances , 40 ( 4) : 578-599
Tim Yeager, Victoria Geyfman, (2009). On the Riskiness of Universal Banking: Evidence from Banks in the Investment Banking Business Pre-and Post-GLBA , 41 ( 8) : 1649 - 1669
Tim Yeager, Kathy Fogel, Yingying Shao, (in press). Board Characteristics, Hedging Intensity, and the Idiosyncratic Risk of U.S. Banks , Routledge: Risk Management and Corporate Governance
James Millar, James Fisher, James Gilsonan, Muhammed Isalm, Neil Seitz, Fred Yeager, (2009). Bank Integrity: The Case of Subprime Lending. , The Company Lawyer 30 ( 9) : 271-277
Pu Liu, Yingying Shao, Tim Yeager, (2009). Did the Repeated Debt Ceiling Controversies Embed Default Risk in U.S. Treasury Securities? , 33 ( 8) : 1464-1471
Jorge Brusa, Wayne Lee, Carole Shook, (2009). Golden Parachutes, Managerial Incentives, and Shareholder Wealth , Managerial Finance 35 ( 4) : 346 - 356
Alexey Malakhov, Rakesh Vohra, (2009). An Optimal Auction for Capacity Constrained Bidders: A Network Perspective , 39 ( 1) : 113 - 128
Douglas Hearth, Elizabeth Howlett, David Kurtz, Tom Krueger, (2009). Financial Literacy: Experience or Education , Academy of Finance 2009 : 16 pages
Jeffrey Brookman, Craig Rennie, Michael Sullivan, (2008). Product Market Competition and Corporate Governance Structure Change: Evidence from the Telecommunications Industry , Southwest Business and Economics Journal 16 ( 2007-08) : 20 pgs
Alexey Malakhov, Rakesh Vohra, (2008). Optimal Auctions for Asymmetrically Budget Constrained Bidders , 12 ( 4) : 245-257
Tomas Jandik, Craig Rennie, (2008). The Evolution of Corporate Governance and Firm Performance in Transition Economies: The Case of Sellier and Bellot in the Czech Republic , European Financial Management 14 ( 4) : 747-791
Tim Yeager, John Hall, (2008). Stress Testing CRE Concentration: What Methods Are Practical? , Commercial Lending Review 23 ( 4)
Rodrigo Hernandez, Jorge Brusa, Pu Liu, Mark Holder, (2008). An Economic Analysis of Bonus Certificates -- Second-Generation of Structured Products , Review of Futures Markets 16 ( 4) : 419-451
Craig Rennie, Tamas Rudas, (2008). Chapter 23: Investment Portfolios and Stock Pricing , SAGE Handbook of Applied Probability Theory : 40 pg Chapter of a 488 page Handbook
S. Ferris, Tomas Jandik, R. Lawless, A.K. Makhija, (2007). Derivative Lawsuits as a Corporate Governance Mechanism: Empirical Evidence on Board Changes Surrounding Filings. , 42 ( 1) : 143-166
Tim Yeager, Mark Vaughan, Dusan Stojanovic, Tim Yeager, (2007). Do Federal Home Loan Bank Membership and Advances Increase Bank Risk-Taking? , : 19 pgs
Jeffrey Brookman, Saeyoung Chang, Craig Rennie, (2007). CEO Equity Portfolio Incentives and Layoff Decisions , 30 ( 2) : 259-281
James Millar, Fred YEAGER, James Millar, (2007). The Recent Regulatory Response to Corporate Crime In The United States: Observations and Comments , Economic Affairs/Blackwell Publishing, Oxford 27 ( 1) : 12 page manuscript; published on 5 pages
Ervin Black, Tomas Jandik, Thomas Carnes, Charlene Henderson, Tomas Jandik, (2007). The Relevance of Target Accounting Quality to the Long-term Success of Cross-border Mergers , 34 (1&2 January-March) : 139-168
Jeffrey Brookman, Saeyoung Chang, Craig Rennie, (2007). CEO Cash and Stock Based Compensation Changes, Layoff Decisions, and Shareholder Value , 42 ( 1) : 99-119
Jim Webster, (2007). Fundamental Finance: Incremental Internal Rate of Return , International Congress of Shopping Centers' Research Review 14 ( 1) : 55 through 59
Jim Webster, (2006). Fundamental Finance: Retail Performance Measures , International Congress of Shopping Centers' Research Review 13 ( 3) : 27 through 34
Jeffrey Brookman, Craig Rennie, Mike Sullivan, (2006). Related Party Transactions and Corporate Governance , The Southern Business and Economic Journal 29 ( 1&2) : 1-17
Tomas Jandik, A.K. Makhija, (2005). Debt, Debt Structure and Corporate Performance after Unsuccessful Takeovers: Evidence from Target Firms that Remain Independent. , Journal of Corporate Finance 11 (5) : 882-914
Tomas Jandik, A.K. Makhija, (2005). Leverage and the Complexity of Takeovers. , The Financial Review 40 (1) : 95-112
Jorge Brusa, Pu Liu, Craig Schulman, (2005). Weekend Effect, "Reverse" Weekend Effect, and Investor Trading Activities. , Journal of Business Finance and Accounting 32 (7/8) : 1495- 1517
Tomas Jandik, A.K. Makhija, (2005). Can Diversification Create Value? Evidence from the Electric Utility Industry. , Financial Management 34 (1) : 61-93
Jorge Brusa, Pu Liu, (2004). The Day-of-the-Week and the Week-of-the-Month Effects: An Analysis of Investors' Trading activities. , Review of Quantitative Finance and Accounting, 23 (1) : 19-30
Jorge Brusa, Pu Liu, Craig Schulman, (2003). The Weekend and 'Reverse' Weekend Effects: An Analysis by Month of the Year, Week of the Month, and Industry , Journal of Business Finance and Accounting, 30 (June-July) : 863-890
S. Nippani, Pu Liu, C. Schulman, (2001). Are Treasury Securities Free of Default? , 36 (2) : 251-265
Tomas Jandik, A.K. Makhija, (2001). Empirical evidence on determinants of capital structure. , Advances in Financial Economics 6 : 143-159
J. Clarke, Tomas Jandik, G. Mandelker, Robert C. Arffa, (2001). The Efficient Market Hypothesis. , Expert Financial Planning: Investment Strategies from Industry Leaders, Wiley & Sons.
Tomas Jandik, A.K. Makhija, (2001). Diversification of Electric Utilities, Optimal Investment Policies and Efficiency of Regulation: A Lesson from History. , National Regulatory Research Institute Quarterly Bulletin. 21(2) : 159-166
C.W. Anderson, Tomas Jandik, A.K. Makhija, (2001). Determinants of foreign ownership in newly privatized companies in transition economies. , The Financial Review 36 (2) : 161-176
Jorge Brusa, Pu Liu, (2000). The Weekend Effect, `Reverse' Weekend Effect, and Firm Size , Journal of Business Finance & Accounting, 27 (June-July) : 555-574
Pu Liu, Fazal Seyyed, Stanley Smith, (1999). The Independent Impact of Credit Rating Changes - the Case of Moody's Rating Refinement on Yield Premiums , Journal of Business Finance and Accounting (April - May) : 337-363
Pu Liu, James Felton, Douglas Hearth, (1995). The Information Content of Security Analysis: Evidence from Standard and Poor's Common Stock Quality Ranking Changes. , Journal of Business Finance and Accounting 22 (7) : 957-989
Pu Liu, Bill Brister, Robert Kennedy, (1994). The Regulation Effect of Credit Ratings on Bond Interest Yield: The Case of Junk Bonds. , Journal of Business Finance and Accounting 21 (4) : 511-531
Pu Liu, Stanley Smith, Azmat Syed, (1992). The Impact of the Inside Trading Scandal on the Information Content of the Wall Street Journal's "Heard on the Street" Column , 15 (2) : 181-188
Pu Liu, Fazal Seyyed, (1991). The Impact of Socioeconomic Variables and Credit Ratings on Municipal Bond Risk Premia , Journal of Business Finance and Accounting 18 (5) : 735 - 746
Pu Liu, Stanley Smith, Aamat Syed, (1990). Stock Price Reactions to the The Wall Street Journal's Securities Recommendations , 25 (3) : 399-410
Azmat Syed, Pu Liu, Stanley Smith, (1989). The Exploitation of Inside Information at the Wall Street Journal: A Test of Strong Form Efficiency , 24 (4) : 567-579
Pu Liu, (1988). The Relationship between Absolute and Relative Risk Aversion:  A Note. , Atlantic Economic Journal 16 (4) : 77-78
Pu Liu, Larry Perry, Dorla Evans, (1988). Modified Bond Ratings: Further Evidence on the Effect of Split Ratings on Corporate Bond Yields , Journal of Business Finance and Accounting 19 (2) : 231-241
Pu Liu, William Moore, (1987). The Impact of Split Bond Ratings on Risk Premia. , 22 (1) : 71-85
Pu Liu, Anjan Thakor, (1984). Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds - An Empirical Analysis , 16 (3) : 344-351