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Terry College of Business

Georgia’s flagship business school, founded in 1912

Examples of Research by Faculty in the Department of Finance

Alexander Barinov:

Lee Cohen:

Stuart Gillan:

  • Joseph P. Fan, Stuart L. Gillan, and Yu Xu, Property rights, R&D spillovers and corporate accounting transparency in emerging markets: Evidence from China, Emerging Markets Review, forthcoming.
  • Stuart L. Gillan, Jay C. Hartzell, and Laura T. Starks, 2011, Tradeoffs in Corporate Governance: Evidence From Board Structures and Charter Provisions, Quarterly Journal of Finance,1, 4, 667-705.
  • Stuart L. Gillan, Jay C. Hartzell, and Robert Parrino, Explicit vs. Implicit Contracts: Evidence from CEO Employment Agreements, Journal of Finance, LXIV, 4 (2009) 1629-1655.
  • Stuart L. Gillan and John D. Martin, Corporate Governance Post-Enron: Effective Reforms or Closing the Stable Door? Journal of Corporate Finance, 13, 5 (2007) 929-958.
  • Stuart L. Gillan, Recent Developments in Corporate Governance: An Overview, Journal of Corporate Finance, 12, 3 (2006) 381-402.
  • George D. Cashman, Stuart L. Gillan, and Ryan J. Whitby, Expertise, connections, and the labor market for corporate directors.
  • Jonathan B. Cohn, Stuart L. Gillan, and Jay C. Hartzell, On Enhancing Shareholder Control: A (Dodd-) Frank Assessment of Proxy Access
  • Joseph P. Fan, Stuart L. Gillan, and Yu Xu, Innovation or imitation? The role of intellectual property rights protections.
  • Stuart L. Gillan and Christine Panasian, Managerial Opportunism and Corporate Governance: Evidence from the Market for Directors' and Officers' Liability Insurance.
  • Stuart L. Gillan, Jay C. Hartzell, Andrew Koch, and Laura T. Starks, Getting the incentives right: An empirical examination of CEO pay.
  • Stuart L. Gillan and Nga Q. Nguyen, Ex-ante Commitments to Ex-post settling up.

Jie He:

  • He, J., Qian, J., & Strahan, P. (2012). Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities. Journal of Finance, 67, 2097-2137.
  • Chemmanur, T.J., & He, J. (2011). IPO Waves, Product Market Competition, and the Going Public Decision: Theory and Evidence. Journal of Financial Economics, 101, 382-412.
  • He, J., Qian, J., & Strahan, P. (2011). Credit Ratings and the Evolution of Mortgage–backed Securities. American Economic Review Papers and Proceedings, 101, 131–135.
  • Chemmanur, T.J., He, J., Hu, G., & Liu, H. (2010). Is Dividend Smoothing Universal? New Insights from a Comparative Study of Dividend Policies in Hong Kong and the U.S. Journal of Corporate Finance, 16, 413–430.

Sara Holland:

  • "U.S. International Equity Investment" with John Ammer, David Smith, and Frank Warnock, 2012 Journal of Accounting Research (forthcoming).

Paul Irvine:

  • Anand, A., Irvine, P., Puckett, A., Venkataraman, K. Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Costs, Review of Financial Studies, Volume 25, Issue 2, Pp.557-598.
  • Goldstein, M., P. Irvine and A. Puckett. Purchasing IPOs with commissions. Journal of Financial and Quantitative Analysis / Volume46 / Issue 05 / October 2011, pp. 1193 – 1225.
  • Goldstein, M., Irvine, P., Kandel E., and Z. Weiner. Brokerage commissions and Institutional trading patterns. Review Of Financial Studies, 22:12.
  • Irvine, P., and J. Pontiff.2009. Idiosyncratic return volatility, cash flows and product market competition . Review Of Financial Studies, (22:3).
  • Irvine, P., Lipson, M., and A. Puckett. 2007. Tipping. Review Of Financial Studies, (20:3).

Harold Mulherin:

  • Boone, A. & Mulherin, H. 2011. Do Private Equity Consortiums Facilitate Collusion in Takeover Bidding? Journal of Corporate Finance
  • Becher, D., Mulherin, H., & R. Walkling. 2012. Sources of Gains in Corporate Mergers: Refined Tests from a Neglected Industry, Journal of Financial and Quantitative Analysis.
  • Brown, W., Mulherin, H. & Weidenmier, M. (2008). Competing with the NYSE, Quarterly Journal of Economics 123, 1679–1719.
  • Boone, A. & Mulherin, H. (2008))Do Auctions Induce a Winner´s Curse? New Evidence from the Corporate Takeover Market, Journal of Financial Economics 89, 1–19.
  • Mulherin, H. (2007). Measuring the Costs and Benefits of Regulation: Conceptual Issues in Securities Markets, Journal of Corporate Finance 13, 421–437.
  • Boone, A. & Mulherin, H. (2007), Do Termination Provisions Truncate the Takeover Bidding Process? Review of Financial Studies 20, 461–489.
  • Boone, A. & Mulherin, H. (2007), How Are Firms Sold? Journal of Finance 62, 847–875

Jeffry Netter:

  • Buchanan, B., Netter, J., Poulsen, A., & Yang, T. 2012. Shareholder Proposal Rules and Practice: Evidence from a Comparison of the US and UK. American Business Law Journal.
  • Linck, J.S., Netter, J.M., & Wintoki, J. (2012). Endogeneity and the Dynamics of Internal Corporate Governance. Journal of Financial Economics. Vol. 105, Issue 3, September 2012, Pp. 581-606.
  • Netter, J., Stegemoller, M. and J. Wintoki "Implications of Data Screens on Merger and Acquisition Analysis: A Large Sample Study of Mergers and Acquisitions from 1992–2009," 24 Review of Financial Studies 2011, pp. 2316–2357.
  • Linck, J., Netter, J. and T. Yang, “Effects and Unintended Consequences of the Sarbanes–Oxley Act on Corporate Boards,”22 Review of Financial Studies, 2009 , pp. 3287–3328.
  • Linck, J., Netter, J. and T. Yang "Determinants of Board Structure," 2008, 87, Journal of Financial Economics, , pp. 308–328

Bradley Paye:

  • "Deja Vol: Predictive Regressions for Aggregate Stock Market Volatility Using Macroeconomic Variables," Journal of Financial Economics, (2011), forthcoming.
  • "Has the Propensity to Pay Out Declined?" with Gustavo Grullon, Shane Underwood and James P. Weston, Journal of Financial and Quantitative Analysis, 46:1 (2011), 1-24.
  • "High-frequency Returns, Jumps and the Mixture of Normals Hypothesis," with Jeff Fleming, Journal of Econometrics, 160:1 (2011), 119-128.

Annette Poulsen:

  • Buchanan, B., Netter, J., Poulsen, A., & Yang, T. 2012. Shareholder Proposal Rules and Practice: Evidence from a Comparison of the US and UK. American Business Law Journal.
  • Morgan, A., Poulsen, A., Wolf, T., & Yang, T. 2011. Mutual Funds as Monitors: Evidence From Mutual Fund Voting. Journal Of Corporate Finance, 17: 914-928.
  • Officer, M., A. Poulsen, M. Stegemoller. 2009. Target Firm Information Asymmetry and Acquirer Returns. Review Of Finance, (13): 467–493.
  • Netter, J., A. Poulsen, M. Stegemoller. 2009. The Rise of Corporate Governance in Corporate Control Research. Journal Of Corporate Finance, (15): 1–9.
  • Poulsen, A., M. Stegemoller. 2008. Moving from Private to Public Ownership: Selling Out to Public Firms vs. Initial Public Offerings. Financial Management, (37): 81–101.
  • Poulsen, A. 2008. The Dynamics of Corporate Governance: Changes in Contractual Relations. Journal Of Corporate Finance, (14): 163–165.

Tao Shu:

  • Local Religious Beliefs and Mutual Fund Risk-Taking Behaviors, with Johan Sulaeman and P. Eric Yeung, 2012. Management Science, Forthcoming.
  • "Default Risk, Shareholder Advantage, and Stock Returns" with Lorenzo Garlappi and Hong Yan, Review of Financial Studies, November 2008, 21, 2743–2778.
  • "Who Drove and Burst the Tech Bubble?" with John Griffin, Jeffery Harris, and Selim Topaloglu. Journal of Finance, August 2011, 66, 1251–1290.
  • "Examining the Dark Side of Financial Markets: Who Trades Ahead of Major Announcements?" with John Griffin, and Selim Topaloglu, 2011. Review of Financial Studies, Forthcoming.

Ralph Steuer:

  • Steuer, R. E., Y. Que and M. Hirschberger (2011). Comparative Issues in Large–Scale Mean–Variance Efficient Frontier Computation, Decision Support Systems, Vol. 51, No. 2, pp. 250–255.
  • Yang, J. B., B. Y. H. Wong, D. X. Xu, X. B. Liu, R. E. Steuer (2010). Integrated Bank Performance Assessment and Management Planning Using Hybrid Minimax Reference Point––DEA Approach, European Journal of Operational Research, Vol. 207, No. 3, pp. 1506–1518.
  • Hirschberger, M., Y. Qi and R. E. Steuer (2010). Large–Scale MV Efficient Frontier Computation via a Procedure of Parametric Quadratic Programming, European Journal of Operational Research, Vol. 204, No. 3, pp. 581–588.
  • Luque, M., F. Ruiz and R. E. Steuer (2010). Modified Interactive Chebyshev Algorithm (MICA) for Convex Multiobjective Programming, European Journal of Operational Research, Vol. 204, No. 3, pp. 557–564.
  • Qi, Y., M. Hirschberger and R. E. Steuer (2009). Dotted Representations of Mean–Variance Efficient Frontiers and their Computation, INFOR, Vol. 47, No. 1, pp. 15–21.
  • Wallenius, J., J. S. Dyer, P. C. Fishburn, R. E. Steuer, S. Zionts and K. Deb (2008). Multiple Criteria Decision Making, Multiattribute Utility Analysis: Recent Accomplishments and What Lies Ahead, Management Science, Vol. 54, No. 7, pp. 1336–1349.
  • Steuer, R. E., Y. Qi and M. Hirschberger (2008). Portfolio Selection in the Presence of Multiple Criteria, Handbook of Financial Engineering, Springer, pp. 3–24 (lead entry).
  • Hirschberger, M., Y. Qi and R. E. Steuer (2007). Randomly Generating Portfolio–Selection Covariance Matrices with Specified Distributional Characteristics, European Journal of Operational Research, Vol. 177, No. 3, pp. 1610–1625.
  • Steuer, R. E., Y. Qi and M. Hirschberger (2007). Suitable–Portfolio Investors, Nondominated Frontier Sensitivity, and the Effect on Standard Portfolio Selection, Annals of Operations Research, Vol. 152, pp. 297–317.

Ginger Wu:

  • Jin (Ginger) Wu, Lu Zhang and X. Frank Zhang. 2010. The q–Theory Approach to Understanding the Accrual Anomaly . Journal Of Accounting Research, (48 (1)): 177–223.

Julie Wu:

  • Ekkehart Boehmer and J. Julie Wu, "Short Selling and the Price Discovery Process", Review of Financial Studies, Forthcoming.

Celim Yildizhan:

  • "Is there a Distress Risk Anomaly? Pricing of Systematic Default Risk in the Cross Section of Equity Returns," Under 2nd round review at the Review of Financial Studies (with Deniz Angıner).
  • "Pricing of Correlated Default Risk in the Cross Section of Bond and Equity Returns" (with Deniz Angıner and Tobias Berg). Working Paper.
  • "Post Earnings Announcement Drift in the Cross Section of Bond Returns" (with Deniz Angıner and Russell Lundholm). Working Paper.
  • "Impact of Firm Reputation on the Cost of Debt Capital" (with Deniz Angıner and Joe Warburton). Working Paper.

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Contact Information

Department of Finance
Terry College of Business
University of Georgia
Athens, GA 30602-6254
706-542-4450
706-542-9434 (fax)

Department Head

Jeffry M. Netter
456 Brooks Hall
Athens, GA 30602
706-542-3654
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Page Updated on Wednesday, January 16, 2013