Finance publications

Overview

2023 and forthcoming

Cai, Z. & Juhl, T. (in press). The Distribution of Rolling Regression Estimators. Journal of Econometrics. 

Mihov, A., Curti,F. & Fauver, L. (in press). Workforce Policies and Operational Risk: Evidence from U.S. Bank Holding Companies. Journal of Financial and Quantitative Analysis.

Pisciotta, K. (in press). Analyst Workload and Information Production: Evidence from IPO Assignments. Contemporary Accounting Research.

Goldie, B., Jiang, C., Koch, P., & Wintoki, M. B. (in press). Indirect Insider Trading. Journal of Financial and Quantitative Analysis.

2022

Bazley, W. J., Moore, J., & Vosse, M. M. (2022). Taxing the disposition effect: The impact of tax awareness on investor behavior. Journal of Financial and Quantitative Analysis. 57, 2724-2765.

Cici, G., Kempf, A., & Peitzmeier, C. (2022). Knowledge Spillovers in the Mutual Fund Industry through Labor Mobility, Journal of Banking & Finance. Vol 134, 106310.

Ghaderi, M., Kilic, M., & Seo, S. B. (2022). Learning, slowly unfolding disasters, and asset prices. Journal of Financial Economics. 143(1), 527-549.

Mihov, A., McLemore, P., & Sanz, L. (2022). Global Banks and Systemic Risk: The Dark Side of Country Financial Connectedness. Journal of International Money and Finance. 129:102734.

Curti, F., Mihov, A., & Frame, W. S. (2022). Are the Largest Banking Organizations Operationally More Risky? Journal of Money, Credit and Banking. 54, 1223-1259.

Berger, A., Curti, F., Mihov, A., & Sedunov, J. (2022). Operational Risk is More Systemic than You Think: Evidence from U.S. Bank Holding Companies. Journal of Banking & Finance, 143: 106619.

Beracha, E., He, Z., Wintoki, M. B., & Xi, Y. (2022). On the Relation between Innovation and Housing Prices: A Metro Level Analysis of the US Market. Journal of Real Estate Finance & Economics. 65, 622-644.

2021

Bazley, W. J., Bonaparte, Y., & Korniotis, G. M. (2021). Financial Self-awareness: Who Knows What They Don’t Know?. Finance Research Letters, 38, 101445.

Bazley, W. J., Dayani, A., & Jannati, S. (2021). Transient emotions, perceptions of well-being, and mutual fund flows. Finance Research Letters, 41, 101825.

Bazley, W. J., Cronqvist, H., & Mormann, M. (2021). Visual finance: The pervasive effects of red on investor behavior. Management Science, 67(9), 5616-5641.

Cici, G., Hendriock, M., & Kempf, A. (2021) The impact of labor mobility restrictions on managerial actions: Evidence from the mutual fund industry, Journal of Banking & Finance, 122.

Cici, G., Hendriock, M., Jaspersen, S., & Kempf, A. (2021) #MeToo meets the mutual fund industry: productivity effects of sexual harassment, Finance Research Letters.40.

DeYoung, R., & Huang, M. (2021). “The External Effects of Bank Executive Pay: Liquidity Creation and Systemic Risk,” Journal of Financial Intermediation (Vol. 47, July). 

Dambra, M., Gustafson, M. T., & Pisciotta, K. (2021). What is the effect of an additional dollar of IPO proceeds? Journal of Corporate Finance. 66, 101795.

Allen, F., Haas, M. D., Nowak, E., & Tengulov, A. (2021). Market efficiency and limits to arbitrage: Evidence from the Volkswagen short squeeze. Journal of Financial Economics, 142(1), 166-194.

Jiang, C., Wintoki, M. B., & Xi, Y. (2021). Insider Trading and the Legal Expertise of Corporate Executives. Journal of Banking & Finance, 127, 106114.

2020

Bindal, S., Bouwman, C.H.S., Hu, S., & Johnson, S.A. (2020). Bank regulatory size thresholds, merger and acquisition behavior, and small business lending. Journal of Corporate Finance, 62, 1010519.

Duong, Truong X., and Felix Meschke. (2020) The Rise and Fall of Portfolio Pumping Among U.S. Mutual Funds. Journal of Corporate Finance, Volume 60, 101530.

Frame, W. S., Mihov, A., & Sanz, L. (2020). Foreign Investment, Regulatory Arbitrage, and the Risk of U.S. Banking Organizations. Journal of Financial and Quantitative Analysis, 55(3), 955-988.

Mihov, A. (2020). Price Pressure of Trading and Equity Prices in Hedge Fund Activism. Journal of Financial Research, 43(1), 153-184.

Abdymomunov, A., Curti, F., & Mihov, A. (2020). U.S. Banking Sector Operational Losses and the Macroeconomic Environment. Journal of Money, Credit and Banking, 52(1), 115-144.

Shockley, J. M., Mark, T., Burdine, K. H., & Russell, L. A. (2020). Financial Implications from Contracting Avian Influenza in a U.S. Broiler Operation. Journal of Applied Farm Economics, 3(1), 1.

Wintoki, M. B., & Xi, Y. (2020). Partisan Bias in Fund Portfolios. Journal of Financial & Quantitative Analysis, 55(5), 1717 – 1754.

Biggerstaff, L., Cicero, D., & Wintoki, M. B. (2020). Insider Trading Patterns. Journal of Corporate Finance, 64, 101654.

2019

DeYoung, R., & Lei Li. (2019) Publicly Traded versus Privately Held Commercial Banks: Capital Access, Growth and Financial Performance, Journal of Financial Services Research 56(1): 39-71.

DeYoung, R., Glennon, D., Nigro, P. & Spong, K. (2019). Small Business Lending and Social Capital: Are Rural Banks Different? Journal of Entrepreneurial Finance (Vol. 21(2): 99-136).

Juhl, T., Campello, M., & Galvao, A. (2019). Testing for Slope Heterogeneity Bias in Panel Data Models. Journal of Business and Economic Statistics (Vol. 37, pp. 749-760).

Meschke, Felix. (2019). An Empirical Investigation of Mutual Fund Boards. Quarterly Journal of Finance, Volume 9, Issue 4.

Mihov, A., & Naranjo, A. (2019). Corporate internationalization, subsidiary locations, and the cost of equity capital. Journal of International Business Studies, 50(9), 1544-1565.

Lin, L., Mihov, A., Sanz, L., & Stoyanova, D. (2019). Property rights institutions, foreign investment, and the valuation of multinational firms. Journal of Financial Economics, 134(1), 214-235.

Abdymomunov, A., & Mihov, A. (2019). Operational Risk and Risk Management Quality: Evidence from U.S. Bank Holding Companies. Journal of Financial Services Research, 56(1), 73-93.

Centner, T. J., & Russell, L. A. (2019). Viewing evidence of harm accompanying uses of glyphosate- based herbicides under US legal requirements. Science of the Total Environment, 648, 609-617.

Russell, L. A., Wood, D. W., Ibendahl, G. A., & Langemeier, M. R. (2019). The effect of the 2007 ethanol mandate on downside risk in agriculture: evidence from Kansas farmers. Applied Economics Letters, 26(8), 698-702.

Wintoki, M. B., Xi, Y. (2019). Friendly Directors and the Cost of Regulatory Compliance. Journal of Corporate Finance 58, 112-141.

2018

Cici, G., Gehde-Trapp, M., Goericke, M.-A., & Kempf, A. (2018). The Investment Value of Mutual Fund Managers’ Experience Outside the Financial Sector. Review of Financial Studies, 31(10), 3821- 3853.

Cici, G., Dahm, L., & Kempf, A. (2018). Trading Efficiency of Fund Families: Impact on Fund Performance and Investment Behavior. Journal of Banking and Finance, 88, 1-14.

Chiorazzo, V., D’Apice, V., DeYoung, R., & Morelli, P. (2018). Is the Traditional Banking Model a Survivor? Journal of Banking and Finance, 97, 238-256.

DeYoung, R., Distinguin, I., & Tarazi, A. (2018). Bank Liquidity Management and Bank Capital Shocks. Journal of Financial Intermediation 34, 32-46.

Galvao, A., Juhl, T., Montes-Rojas, G., & Olmo, J. (2018). Testing Individual Slope Homogeneity in Quantile Regression Panel Data Models with an Application to the Cross-Section of Stock Returns. Journal of Financial Econometrics, 16(2), 211-243.

Du, L., Masli, A., & Meschke, F. (2018). The Effect of Credit Default Swaps on the Pricing of Audit Services. Auditing: A Journal of Practice and Theory, 37(3), 117-144.

Dambra, M., Field, L. C., Gustafson, M., & Pisciotta, K. (2018). The Consequences to Analyst Involvement in the IPO Process: Evidence surrounding the JOBS Act. Journal of Accounting and Economics, 65, 302-330.

Jiang, C., Kubick, T., Miletkov, M., & Wintoki, M. B. (2018). Offshore Expertise for Onshore Companies: Director Connections to Island Tax Havens and Corporate Tax Policy. Management Science, 64(7), 3241–3268.

2017

Anderson, C. W., & Huang, J. (2017). Institutional investment in IPOs and post-IPO M&A activity. Journal of Empirical Finance 41, 1–18.

Anderson, C. W., Huang, J., & Torna, G. (2017). Can investors anticipate post-IPO mergers and acquisitions? Journal of Corporate Finance 45, 496–521.

Cici, G., Jaspersen, S., & Kempf, A. (2017). Speed of Information Diffusion within Fund Families. Review of Asset Pricing Studies, 7, 144-170.

Cici, G., Kempf, A., & Sorhage, C. (2017). Are Financial Advisors Useful? Evidence from Tax- Motivated Mutual Fund Flows. Review of Finance, 21, 637-665.

Akbas, F., Jiang, C., & Koch, P. D. (2017). The Trend in Profits and the Cross Section of Stock Returns. The Accounting Review, 92(Issue 5, September), 1–32.

Berkman, H., Koch, P. D., & Westerholm, J. (2017). DRIPs and the Dividend Pay Date Effect. Journal of Financial and Quantitative Analysis, (No.4, August). 1765–1795.

Huang, M., Masli, A., & Meschke, F., Guthrie, J. (2017). Clients' Workplace Environment and Corporate Audits. Auditing Journal of Practice and Theory, 36(4), 89-113.

Rosenfeld, C., Kupiec, P. H., & Lee, Y. Y. (2017). Does Bank Supervision Impact Bank Loan Growth? Journal of Financial Stability, 28, 29-48.Rosenfeld, C., Kupiec, P. H., & Lee, Y. Y. (2017). Does Bank Supervision Impact Bank Loan Growth? Journal of Financial Stability, 28, 29-48.

Miletkov, M., Poulsen, A., & Wintoki, M. B. (2017). Foreign Independent Directors and the Quality of Legal Institutions. Journal of International Business Studies, 48(2), 267–292.

Bansal, N., Joseph, K., Ma, M., & Wintoki, M. B. (2017). Do CMO Incentives Matter? An Empirical Investigation of CMO Compensation and Its Impact on Firm Performance. Management Science, 63(6), 1993–2015.

2016

Cici, G., & Rosenfeld, C. (2016). A study of analyst-run mutual funds: The abilities and roles of buy-side analysts. Journal of Empirical Finance, 36, 8-29.

Cici, G., Kempf, A., & Puetz, A. (2016). The Valuation of Hedge Funds’ Equity Positions. Journal of Financial and Quantitative Analysis, 51(3), 1013-1037.

DeYoung, R., & Jang, K. (2016). Do Banks Actively Manage their Liquidity? Journal of Banking and Finance, 66, 143–161.

Jiang, C., Kawaller, I., & Koch, P. D. (2016). Designing a Proper Hedge: Theory versus Practice. Journal of Financial Research, 39 (No. 2), 124-144.

Akbas, F., Meschke, F., & Wintoki, M. B. (2016). Director Networks and Informed Traders. Journal of Accounting and Economics, 62, 1–23.

He, Z., & Wintoki, M. B. (2016). The Cost of Innovation: R&D and High Cash Holdings in U.S. Firms. Journal of Corporate Finance, 41, 280–303.

2015

Anderson, C. W., & Zhang, Y. J. (2015). External Contracting and Equity Financing at Biotech Firms: Evidence from PIPEs. International Journal of Economics & Finance, 7(2), 1-19.

Cici, G., and Luis Palacios, On the Use of Options by Mutual Funds: Do They Know What They Are Doing? (2015), Journal of Banking and Finance 50, 157-168.

Cici, G., Scott Gibson, Jalin Gunduz and John Merrick, Market Transparency and the Marking Precision of Bond Mutual Fund Managers, (2015), Journal of Portfolio Management 41, 126-137.

DeYoung, R., “How Relationships Can Reduce Risk in Small Business Lending,” European Economy: Banks, Regulation, and the Real Sector 2: 87-99, 2015.

DeYoung, R., Gron, A., Torna, G., Winton, A. (2015). Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply Before and During the Financial Crisis. Journal of Finance, 70 (6), 2451–2488.

DeYoung, R. (2015). Banking in the United States. In A. Berger, P. Molyneux, & J. Wilson (Eds.), The Oxford Handbook of Banking, 2nd Edition (pp. 825-848). Oxford: Oxford University Press.

DeYoung, R., Frame, W. S., Hirtle, B., & Kust, M. (2015). Banking Supervision after the Financial Crisis. Journal of Applied Finance 25(2): 5-15.

Berkman, H., Koch, P., & Westerholm, J. (2015). Beware of Children Trading. The Journal of Investment Management, 13(3), 1-13 invited condensed version of "Informed Trading through the Accounting of Children" in Journal of Finance (2014).

Cai, Z., Juhl, T., & Yang, B. (2015). Functional Index Coefficient Models with Variable Selection. Journal of Econometrics, 189, 272-284.

Rosenbloom, J. L., Ginther, D. K., Juhl, T., & Heppert, J. A. (2015). The Effects of Research and Development Funding on Scientific Productivity: Academic Chemistry, 1990-2009. PLOS One.

Huang, M., Li, P., Meschke, F., & Guthrie, J. P. (2015). Family firms, employee satisfaction, and corporate performance. Journal of Corporate Finance, 34, 108-127.

Hansen, B., Miletkov, M., & Wintoki, M. B. (2015). Investor Protection and the Role of Firm-Level Financial Transparency in Attracting Foreign Investment. Financial Review, 50, 393–434.

Miletkov, M., Moskalev, S., & Wintoki, M. B. (2015). Corporate Boards and Acquirer Returns: International Evidence. Managerial Finance, 41, 244–266.