Faculty Research Papers

Finance Research

Reena Aggarwal
Professor of Business Administration and Finance

• 2020
  • The Role of ‘Expert Reviewers’ in Private Capital Markets
• 2019
  • Fraud, Market Reaction, and Role of Institutional Investors in Chinese Listed Firms
  • The Role of Institutional Investors in Voting: Evidence from the Securities Lending Market
• 2015
  • Safe Asset Shortages: Evidence from the European Government Bond Lending Market
  • The Power of Shareholder Votes: Evidence from Uncontested Director Elections
• 2014
  • Influence of Public Opinion on Investor Voting and Proxy Advisors?
• 2012
  • The Growth of Global ETFs and Regulatory Challenges

James Angel
Associate Professor

• 2021
  • Gamestonk: What Happened and What to Do about It
• 2020
  • First Duration, Then Convexity, Then What? Tilt?
  • The GRACE Act: One Way to Flatten the Curve of the Financial Pandemic
• 2018
  • Retail Investors Get a Sweet Deal: The Cost of a SIP of Stock Market Data
• 2014
  • Investigating El Niño‐Southern Oscillation and Society Relationships
  • When Finance Meets Physics: The Impact of the Speed of Light on Financial Markets and Their Regulation
  • The Ethics of Payments: Paper, Plastic or Bitcoin?
  • When Finance Meets Physics: The Impact of the Speed of Light on Financial Markets and Their Regulation

Turan Bali
Robert S. Parker Chair Professor of Business Administration

• 2021
  • Different Strokes: Return Predictability Across Stocks and Bonds with Machine Learning and Big Data
  • Do the Rich Gamble in the Stock Market? Low Risk Anomalies and Wealthy Households
  • In Search of a Factor Model for Optionable Stocks
• 2020
  • Private Subsidiaries’ Information Disclosure and the Cross-Sectional Equity Returns of Public Parent Firms
• 2019
  • Global Downside Risk and Equity Returns
  • Is There a Risk-Return Tradeoff in the Corporate Bond Market? Time-Series and Cross-Sectional Evidence
  • Long-term reversals in the corporate bond market
  • Attention, Social Interaction, and Investor Attraction to Lottery Stocks
  • Does Industry Timing Ability of Hedge Funds Predict Their Future Performance, Survival, and Fund Flows?
  • Value Uncertainty

George Comer
Associate Professor

• International Mutual Funds: MSCI Benchmarks and Portfolio Evaluation

Sandeep Dahiya
Associate Professor

• 2018
  • Investment Returns and Distribution Policies of Non-Profit Endowment Funds
  • Targeted by an Activist Hedge Fund, Do the Lenders Care?
• 2017
  • A Model of Managerial Compensation, Firm Leverage and Credit Stimulus.
  • The Greenspan Put
  • Credit Stimulus, Executive Compensation, and Firm Leverage
• 2016
  • The Role of Private Equity Investments in Public Companies: International Evidence
• 2014
  • A Theoretical Framework for Evaluating Debtor-in-Possession Financing
• 2012
  • Do Shareholder Rights Affect Syndicate Structure? Evidence From a Natural Experiment
  • Firm Opacity Lies in the Eye of the Beholder

Lee Pinkowitz
Associate Professor

• 2016
  • The Staggers Act and Firm Performance: Long-Run Evidence
• 2014
  • Revenue Adequacy: The Good, the Bad, and the Ugly
  • Do U.S. Firms Hold More Cash?
  • Is there a U.S. High Cash Holdings Puzzle After the Financial Crisis?
• 2012
  • Multinationals and the High Cash Holdings Puzzle

Alberto Rossi
Associate Professor of Finance

• 2021
  • New Frontiers of Robo-Advising: Consumption, Saving, Debt Management, and Taxes
  • How Costly are Cultural Biases?
  • The Needs and Wants in Financial Advice: Human versus Robo-advising
  • An Inside Look into Cryptocurrency Exchanges
• 2020
  • Selecting Mutual Funds from the Stocks They Hold: A Machine Learning Approach
  • Rise of the “Quants” in Financial Services: Regulation and Crowding Out of Routine Jobs
  • There’s an App for That: Goal-Setting and Saving in the FinTech Era
  • Who Benefits from Robo-advising? Evidence from Machine Learning
  • Robo-Advising
• 2019
  • Crowdsourcing Peer Information to Change Spending Behavior
• 2018
  • The Promises and Pitfalls of Robo-Advising

David A. Walker
John A. Largay Professor Emeritus

• The 2020 U.S. Presidential Election: déjà vu All Over Again?

Rohan Williamson
Professor; Stallkamp Research Fellow

• 2020
  • Are Bank Merger Characteristics Important for Local Community Investment?
• 2016
  • Do Corporate Governance Mandates Impact Long-Term Firm Value and Governance Culture?
  • The Staggers Act and Firm Performance: Long-Run Evidence
  • Do U.S. Firms Hold More Cash?
• 2013
  • Can Firms Loosen Financial Constraints?
  • Is there a U.S. High Cash Holdings Puzzle After the Financial Crisis?
  • Financing Constraints and Acquisitions
• 2012
  • Multinationals and the High Cash Holdings Puzzle

Jie Yang
Assistant Professor

• 2014
  • Patent Litigation and Shareholder Value: The Impact of Defendant Cash Holdings
• 2013
  • Options, Risks, and the Value of Financial Flexibility: Implications for Finance Constraints
  • Can Firms Loosen Financial Constraints?
  • Financing Constraints and Acquisitions
• 2012
  • Firm Performance and Changes in Institutional Ownership
  • Patent Litigation and Cost of Capital
• 2011
  • The Impact of Financing Constraints on Capital Structure

Accounting Research

Preeti Choudhary
Assistant Professor

• The Impact of Auditor-Provided Tax Services on Tax Accrual Quality
• Assessing Financial Reporting Risk in the Income Tax Accrual
• Do Auditor-Provided Tax Services Impair Independence or Generate Knowledge Spillover?
• Boards, Auditors, Attorneys and Compliance with Mandatory SEC Disclosure Rules
• Assessing the Quality of the Income Tax Accrual
• Evidence that Market Participants Assess Recognized and Disclosed Items Similarly when Reliability is not an Issue
• Disclosure Timing and the Economic Role of Mandatory Reporting: Evidence from Managers’ Decisions to File Audited Reports Early
• Timeliness of Form 10-K, Firm Financial Performance and Information Uncertainty
• Evidence on differences between Recognition and Disclosure: A Comparison of Inputs to Estimate Fair Values of Employee Stock Options

Jason Schloetzer
Assistant Professor 

• 2020
  • Management Tenure and the Quality of Corporate Bond Ratings
  • How Controlling Failure Perceptions Affects Performance: Evidence from a Field Experiment
• 2018
  • Blame Attribution and Disclosure Propensity
• 2016
  • The Structural and Executional Components of Customer Concentration: Implications for Supplier Performance
  • Do Corporate Governance Mandates Impact Long-Term Firm Value and Governance Culture?
• 2015
  • Activist Hedge Funds, ‘Golden Leash’ Special Compensation Arrangements, and Advance Notice Bylaws
  • Implementing Corporate Lean Programs: The Effect of Management Control Practices
• 2014
  • The Activism of Carl Icahn and Bill Ackman

Vicki Tang
Associate Professor

• 2017
  • Disclosure Frequency Induced Myopia and the Decision to be Public
• 2016
  • Wisdom of Crowds: Cross-sectional Variation in the Informativeness of Third-Party-Generated Product Information on Twitter
• 2015
  • Lost in Transition: Generalized Trust and CEO Succession
  • Strategic Posture and Registration Rights in Private Placements
• 2009
  • Proprietary Costs of Mandatory Disclosure and the Decision to First Access the Public Market