@article {1970696,
	title = {Are Family Firms More Efficient? Revisiting the U-Shaped Curve of Firm Scale and Efficiency},
	journal = {Small Business Economics},
	year = {2023},
	month = {2023},
	abstract = {This study applies a stochastic frontier model to examine the relationship between firm size and efficiency using a novel approach. The first novelty is that this study examines large and small firms separately to allow for heterogeneity between firm group sizes in terms of measuring the size-efficiency relationship. The second is that we use a modified frontier model which explicitly includes a family firm variable when measuring firm efficiency. Empirical results reveal that firms are in fact heterogeneous, with small-and-medium-sized enterprises (SMEs) exhibiting a U-shaped scale efficiency curve, while large enterprises (LE) exhibit an efficiency curve which is positive and linear. Robust results also confirm that family firms are relatively more efficient than non-family firms. In addition, while controlling for family firms does not appear to change the firm{\textquoteright}s size-efficiency dynamics, failure to control for family firms leads to a bias in characterizing the nature of the firm{\textquoteright}s production returns to scale.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Zhang,Yingchao and Chen,Ku-Hsieh and Chen,Pei-Hwa}
}
@article {1970556,
	title = {Corporate Reputation and Hedging Activities},
	journal = {Accounting and Finance},
	volume = {63},
	year = {2023},
	month = {2023},
	pages = {1223-1247},
	keywords = {Accounting, Finance},
	author = {Deng,Junfang and Yang,Jimmy}
}
@article {1975561,
	title = {Intraday Momentum in the VIX Futures Market},
	journal = {Journal of Banking \& Finance},
	volume = {148},
	year = {2023},
	month = {2023},
	pages = {106746},
	keywords = {Finance},
	author = {Huang,Hong-Gia and Tsai,Wei-Che and Weng,Pei-Shih and Yang,Jimmy}
}
@article {1983811,
	title = {Aggregate 52-week high, limited attention, and time-varying momentum profits},
	year = {2022},
	month = {2022},
	address = {Victoria, Canada},
	keywords = {Finance},
	author = {Hung,Weifeng and Lin,Ching-Ting and Yang,Jimmy}
}
@article {1975566,
	title = {Aggregate 52-week high, limited attention, and time-varying momentum profits},
	journal = {Journal of Banking \& Finance},
	volume = {141},
	year = {2022},
	month = {2022},
	pages = {106531},
	keywords = {Finance},
	author = {Hung,Weifeng and Lin,Ching-Ting and Yang,Jimmy}
}
@article {1977831,
	title = {Chinese Capital Structure: Theory and Evidence},
	year = {2022},
	month = {2022},
	address = {Chicago Il},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977836,
	title = {Chinese Capital Structure: Theory and Evidence},
	year = {2022},
	month = {2022},
	address = {Chicago},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1975576,
	title = {Crash-Based Quantitative Trading Strategies: Perspective of Behavioral Finance},
	journal = {Finance Research Letters},
	volume = {45},
	year = {2022},
	month = {2022},
	pages = {102185},
	keywords = {Finance},
	author = {Fang,Yan and Yuan,Jie and Yang,Jimmy and Ying,Shangjun}
}
@article {1975571,
	title = {Does the tail risk index matter in forecasting downside risk?},
	journal = {International Journal of Finance and Economics},
	year = {2022},
	month = {2022},
	pages = {1-16},
	keywords = {Finance},
	author = {Hung,Jui-Cheng and Liu,Hung-Chun and Yang,Jimmy}
}
@article {1970691,
	title = {An Empirical Examination of Firm Growth in the MENA Region: Through the Lens of Gibrat{\textquoteright}s Law},
	journal = {Small Business Economics},
	volume = {60},
	year = {2022},
	month = {2022},
	pages = {121-131},
	keywords = {Finance, OSU-Cascades},
	url = {https://www.springer.com/economics/microeconomics/journal/40812},
	author = {Elston,Julie and Weidinger,Alois Konrad}
}
@article {1977821,
	title = {Myths from Silicon Valley -Is Tech difference than Detroit?},
	year = {2022},
	month = {2022},
	address = {Vienna, Austria.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977826,
	title = {What Does Sustainable Growth look in the Technology Sector?},
	year = {2022},
	month = {2022},
	address = {Slovakia},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977846,
	title = {Challenges and Opportunities of Research in Austria},
	year = {2021},
	month = {2021},
	address = {Invited Online Webinar},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970126,
	title = {Destabilization and Consolidation: Conceptualizing, Measuring, and Validating the Dual Characteristics of Technology},
	journal = {Research Policy},
	volume = {50},
	year = {2021},
	month = {2021},
	pages = {104-115},
	keywords = {BIS, Business Analytics, Finance, Strategy \& Entrepreneurship},
	author = {Chen,Jiyao and Shao,Rong and Fan,Shaokun}
}
@article {1975606,
	title = {Family control, external governance mechanisms, and dividend payouts},
	journal = {Quarterly Review of Economics and Finance},
	volume = {79},
	year = {2021},
	month = {2021},
	pages = {198-209},
	keywords = {Finance},
	author = {Teng,Chia-Chen and Li,Shaomin and Yang,Jimmy}
}
@article {1977841,
	title = {Fulbright in Austria},
	year = {2021},
	month = {2021},
	address = {Webinar online},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1975581,
	title = {Media exposure on corporate social irresponsibility and firm performance},
	journal = {Pacific-Basin Finance Journal},
	volume = {68},
	year = {2021},
	month = {2021},
	keywords = {Finance},
	author = {Teng,Chia-Chen and Yang,Jimmy}
}
@article {1971121,
	title = {Public Information and Venture Capital Investment},
	journal = {Journal of Financial and Quantitative Analysis},
	year = {2021},
	month = {2021},
	keywords = {Finance},
	author = {Gibbons,Brian}
}
@article {1975596,
	title = {Share Pledging, Payout Policy, and the Value of Cash Holdings},
	journal = {Journal of Empirical Finance},
	volume = {61},
	year = {2021},
	month = {2021},
	pages = {18-33},
	abstract = {Share pledging for insiders{\textquoteright} personal bank loans is associated with the agency problems of insider risk aversion and stock price crash risk. We examine the relation between insider share pledging and the value of cash holdings using the pledging data of listed firms in Taiwan. We find that the value of cash holdings is lower for pledging firms, especially for those that are relatively more risk averse. Pledging firms that repurchase shares have a higher marginal value of cash than those with other payout methods, likely due to the role of repurchases in reducing the stock price crash risk. Our results show how insiders{\textquoteright} personal financing incentives arising from share pledging would affect the value of cash holdings from the perspective of agency problems and payout policy.},
	keywords = {Finance},
	author = {Chou,Robin and Wang,Yu-Chun and Yang,Jimmy}
}
@article {1975586,
	title = {Technical expert CEOs and corporate innovation},
	journal = {Pacific-Basin Finance Journal},
	volume = {68},
	year = {2021},
	month = {2021},
	keywords = {Finance},
	author = {Ting,Hsiu-I and Wang,Ming-Chun and Yang,Jimmy and Tuan,Kai-Wen}
}
@article {1975601,
	title = {Trader Positions in VIX Futures},
	journal = {Journal of Empirical Finance},
	volume = {61},
	year = {2021},
	month = {2021},
	pages = {1-17},
	abstract = {We investigate the dynamic changes in trader positions of market participants in the VIX futures markets. We find that in a low-VIX period, below the 23.81 threshold determined by our model, changes in VIX futures affect the trading decisions of dealers and leveraged fund managers, but in an opposite direction. During a high-VIX period, dealers and leveraged fund managers would then alter their trading strategies. We highlight the important role of exchange-traded products trading in hedging demand of dealers and show the impact on VIX futures. Trader positions are determinants of VIX futures prices, basis, and VIX premium.},
	keywords = {Finance},
	author = {Chen,Yu-Lun and Yang,Jimmy}
}
@article {1975591,
	title = {Trading activity and price discovery in Bitcoin futures markets},
	journal = {Journal of Empirical Finance},
	volume = {62},
	year = {2021},
	month = {2021},
	pages = {107-120},
	keywords = {Finance},
	author = {Hung,Jui-Cheng and Liu,Hung-Chun and Yang,Jimmy}
}
@article {1971126,
	title = {Analyst Information Acquisition via EDGAR},
	journal = {Management Science},
	year = {2020},
	month = {2020},
	address = {INFORMS},
	abstract = {We identify analysts{\textquoteright} information acquisition patterns by linking EDGAR (Electronic Data Gathering, Analysis, and Retrieval) server activity to analysts{\textquoteright} brokerage houses. Analysts rely on EDGAR in 24\% of their estimate updates with an average of eight filings viewed. We document that analysts{\textquoteright} attention to public information is driven by the demand for information and the analysts{\textquoteright} incentives and career concerns. We find that information acquisition via EDGAR is associated with a significant reduction in analysts{\textquoteright} forecasting error relative to their peers. This relationship is likewise present when we focus on the intensity of analyst research. Attention to public information further enables analysts to provide forecasts for more time periods and more financial metrics. Informed recommendation updates are associated with substantial and persistent abnormal returns, even when the analyst accesses historical filings. Analysts{\textquoteright} use of EDGAR is associated with longer and more informative analysis within recommendation reports.},
	keywords = {Finance},
	author = {Gibbons,Brian and Iliev,Peter and Kalodimos,Jonathan}
}
@article {1977851,
	title = {Austria{\textquoteright}s Research Opportunities},
	year = {2020},
	month = {2020},
	address = {Online Webinar},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969091,
	title = {Earnings conference calls and institutional monitoring: Evidence from textual analysis},
	journal = {Journal of Financial Research},
	year = {2020},
	month = {2020},
	keywords = {Finance},
	author = {Berger,Dave and Cao,Xueli and Pukthuanthong,Kuntara}
}
@article {1972116,
	title = {Experimental Shareholder Activism: A Novel Approach to Organizational Research},
	journal = {Journal of Vocational Behavior},
	volume = {120},
	year = {2020},
	month = {2020},
	abstract = {Decision making processes and consequent policy decisions of top management teams often have tremendous impact on employee careers and wellbeing, but the difficulty of accessing executive decision making has made studying such processes especially difficult. Whereas scholars have often relied on their own professional networks to gather small samples of executives or leveraged proxy measures compiled from publicly-available documents, we propose and demonstrate an alternative approach which we term Experimental Shareholder Activism (ESA). ESA allows researchers to directly study executive leadership via the shareholder proposal process{\textemdash}under Rule 14a-8{\textemdash}by purchasing relatively small amounts of stock in a company, and experimentally manipulating features of shareholder proposals to elicit responses from key stakeholders within the company. This approach allows for the direct examination of executive decision making with the benefit of quasi-experimental design. We describe the method, identify vocational and career-relevant areas of inquiry best suited to ESA, and discuss manipulations readily embedded in shareholder proposals. We then provide a toolkit for scholars interested in studying executive decision making on employee career and Human Resource-related outcomes, and demonstrate the viability of such an approach via a pilot experiment.},
	keywords = {Finance, Management},
	author = {Kalodimos,Jonathan and Leavitt,Keith}
}
@article {1972121,
	title = {Governance Changes through Shareholder Initiatives: The Case of Proxy Access},
	journal = {Journal of Financial and Quantitative Analysis},
	year = {2020},
	month = {2020},
	abstract = {We study a regulatory change that led to over 300 shareholder proposals to instate proxy access and more than 250 firms adopting proxy access from 2012 to 2016. The firms expected to benefit most from proxy access have the most positive market reaction to receiving a proposal, but adoptions are not concentrated at these firms. We find that proposing and voting shareholders do not discriminate between firms that would or would not benefit, and that management resists proxy access at the firms that stand to benefit most. This process results in the concentration of adoptions at large, already well-governed firms.},
	keywords = {Finance},
	author = {Bhandari,Tara and Iliev,Peter and Kalodimos,Jonathan}
}
@article {1975621,
	title = {Housing Price Dynamics, Mortgage Credit and Reverse Mortgage Demand: Theory and Empirical Evidence},
	journal = {Real Estate Economics},
	volume = {48},
	year = {2020},
	month = {2020},
	pages = {599-632},
	keywords = {Finance},
	author = {Chen,Kuo-Shing and Yang,Jimmy}
}
@article {1976981,
	title = {Impact of Team Size on Technological Contributions:  Unpacking Disruption and Development},
	year = {2020},
	month = {2020},
	address = {Vancouver CA},
	keywords = {BIS, Business Analytics, Finance, Strategy \& Entrepreneurship},
	author = {Chen,Jiyao and Shao,Rong and Fan,Shaokun and Li,Jiexun}
}
@article {1975611,
	title = {Improving the realized GARCH{\textquoteright}s volatility forecast for Bitcoin with jump-robust estimators},
	journal = {North American Journal of Economics and Finance},
	volume = {52},
	year = {2020},
	month = {2020},
	pages = {101-165},
	keywords = {Finance},
	author = {Hung,Jui-Cheng and Liu,Hung-Chun and Yang,Jimmy}
}
@article {1975666,
	title = {A new metric of market underreaction to earnings announcements: An empirical test},
	journal = {Asia-Pacific Journal of Financial Studies},
	year = {2020},
	month = {2020},
	keywords = {Finance},
	author = {Chung,Kee H and Kim,Oliver and Lim,Steve and Yang,Sean}
}
@article {1978491,
	title = {"Passive Debt Ownership and Corporate Financial Policy"},
	year = {2020},
	month = {2020},
	keywords = {Finance},
	author = {Gibbons,Brian}
}
@article {1978496,
	title = {"Passive Debt Ownership and Corporate Financial Policy"},
	year = {2020},
	month = {2020},
	keywords = {Finance},
	author = {Gibbons,Brian}
}
@article {1975616,
	title = {A rare move: the effects of switching from a closing call auction to a continuous trading},
	journal = {The Journal of Futures Markets},
	volume = {40},
	year = {2020},
	month = {2020},
	pages = {308-328},
	abstract = {This study investigates the effects of switching to a closing continuous trading (CCT) on market quality, while considering the trading behaviors of different types of traders. Investors become more patient in the period preceding the last trading phase, which reduces the bid{\textendash}ask spread (BAS) in that period. We find an increase in the BAS and volatility during the last trading phase, due to diminishing investor patience. Market volatility and the closing pricing errors relate positively to the trading activities of foreign institutional investors. Overall, the introduction of the CCT worsens the market quality before the closing.},
	keywords = {Finance},
	author = {Chang,Ya-Kai and Chou,Robin K and Yang,Jimmy}
}
@article {1975671,
	title = {An analytical measure of market underreactions to earnings surprises},
	journal = {International Review of Economics and Finance},
	volume = {64},
	year = {2019},
	month = {2019},
	pages = {612-624},
	keywords = {Finance},
	author = {Chung,Kee and Kim,Olive and Lim,Steve and Yang,Sean}
}
@article {1970706,
	title = {Corporate Governance: What We Know And Don{\textquoteright}t Know},
	journal = {Journal of Industrial and Business Economics},
	year = {2019},
	month = {2019},
	abstract = {The corporate governance literature provides a rich framework for examining the theoretical models and related mechanisms by which a firm is operated and controlled, but there are a number of challenges for future research that remain. This paper identifies some of the key studies and contributions of the existing corporate governance literature, while identifying several fruitful areas for research where our understanding of corporate governance is incomplete. For example, what is the relationship between corporate governance and corporate social responsibility, and how might this change in different institutional environments? Expanding standard models to include more nuanced factors within diverse and dynamic institutional environments is one challenge we face in modeling governance more comprehensively. In addition, as data becomes more easily available on smaller countries, transitional economies, and in frontier and emerging markets, we also need to expand our studies beyond the large Western country context. Future empirical work should undertake to better understand and examine the institutional structures, systems, mechanisms and incentives within understudied regions around the world. Beyond the notion of replication studies, careful cross-country studies would enable us to compare outcomes with existing studies and better inform us on fundamental differences (and similarities) between systems, contributing to our discussions on the limits of conversion between governance systems.},
	keywords = {Finance, OSU-Cascades},
	url = {https://www.springer.com/economics/microeconomics/journal/40812},
	author = {Elston,Julie}
}
@inbook {1970701,
	title = {Dr. Audretsch: or How I Learned to Stop Worrying and Love Doing Small Business Research},
	year = {2019},
	month = {2019},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970711,
	title = {Internationalization and Regional Entrepreneurship in China},
	journal = {Small Business Economics},
	year = {2019},
	month = {2019},
	abstract = {This study examines the importance of geographic location on the empirical link between internationalization and entrepreneurial intention. Integrating data from multiple sources to create a measure of internationalization intensity, this study directly contributes to the literature by revealing a significant and more complex relationship between internationalization and entrepreneurship than previously suggested in the literature. Specifically, while highly internationalized locations allow better access to resource markets they may also hinder entrepreneurship for several reasons, including the fact that these locations have higher competition for resources. Results provide direct empirical support to recent theories on the importance of within country comparative differences.},
	keywords = {Accounting, Finance, OSU-Cascades},
	author = {Elston,Julie and Weidinger,Alois}
}
@article {1973256,
	title = {Board members{\textquoteright} influence on resource investments to start-ups and IPO outcomes: Does prior affiliation matter?},
	journal = {Pacific-Basin Finance Journal},
	volume = {49},
	year = {2018},
	month = {2018},
	pages = {30-42},
	abstract = {Using data that contains career paths of start-up board members, we examine how their prior affiliations with various types of venture capital (VC) firms promote financial and human resource investments from the affiliated VC firm. We find that the likelihood of affiliation-based resource investments such as financing and board member engagement depends on the type of VC firms (e.g., bank-affiliated, corporate). Meanwhile, we find little evidence that affiliation-based resource investments lead to lower IPO costs and better post-IPO performances (i.e., return on assets, buy-and-hold abnormal returns, and failure rate). While prior affiliation could improve the inflow of resources, it might worsen screening and monitoring activities.},
	keywords = {Finance},
	url = {https://www.sciencedirect.com/science/article/pii/S0927538X17304468},
	author = {Mathew,Prem and Takahashi,Hidenori and Yamakawa,Yasuhiro}
}
@article {1980936,
	title = {Careers in Accounting Profession},
	year = {2018},
	month = {2018},
	address = {Albany, OR},
	keywords = {Engagement, Finance},
	author = {Longo,Robert}
}
@article {1975631,
	title = {Chinese Lunar New Year Effect, Investor Sentiment, and Market Deregulation},
	journal = {Finance Research Letters},
	volume = {27},
	year = {2018},
	month = {2018},
	pages = {175-184},
	abstract = {This paper provides empirical evidence and a behavioral explanation for the Chinese Lunar New Year (CLNY) effect and investigates whether the holiday effect weakens after market deregulation. Using emotion proxies from literature, we find that positive emotion plays an important role in contributing to higher returns surrounding the CLNY. We also show that the CLNY effect weakens when foreign investors{\textquoteright} participation increases, suggesting that the market deregulation may have contributed to this diminishing calendar anomaly.},
	keywords = {Finance},
	url = {https://www.sciencedirect.com/science/article/pii/S1544612317305640},
	author = {Teng,Chia-Chen and Yang,Jimmy}
}
@article {1976991,
	title = {Development of Context-based Indices for Measuring Dynamic and Dualistic Nature of Innovation},
	year = {2018},
	month = {2018},
	address = {Chicago, IL},
	keywords = {BIS, Business Analytics, Finance, Strategy \& Entrepreneurship},
	author = {Chen,Jiyao and Shao,Rong and Fan,Shaokun}
}
@article {1977861,
	title = {Evidence on the Dynamic Nature of Executive Compensation and Corporate Governance in China},
	year = {2018},
	month = {2018},
	address = {Copenhagen},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977856,
	title = {An Examination of the Relationship Between Size and Growth of Listed Firms in the United Arab Emirates},
	year = {2018},
	month = {2018},
	address = {Oxford, UK},
	keywords = {Accounting, Finance, OSU-Cascades},
	author = {Elston,Julie and Weidinger,Alois and Widmer,Melanie}
}
@article {1972126,
	title = {Many analysts, one dataset: Making transparent how variations in analytical choices affect results},
	journal = {Advances in Methods and Practices in Psychological Science},
	year = {2018},
	month = {2018},
	keywords = {Finance},
	author = {Silberzahn,R and Uhlmann,E and Martin,D and Anselmi,P and Aust,F and Awtrey,E and Bahn{\'\i}k,S and Bai,F and Bannard,C and Bonnier,E and Carlsson,R and Cheung,F and Christensen,G and Clay,R and Craig,M and Rosa,A and Dam,L and Evans,M and Cervantes,I and Fong,N and Gamez-Djokic,M and Glenz,A and Gordon-McKeon,S and Heaton,T and Eriksson,K and Heene,M and Mohr,A and H{\"o}gden,F and Hui,K and Johannesson,M and Kalodimos,Jonathan and Kaszubowski,E and Kennedy,D and Lei,R and Lindsay,T and Liverani,S and Madan,C and Molden,D and Molleman,E and Morey,R and Mulder,L and Nijstad,B and Pope,B and Pope,N and Prenoveau,J and Rink,F and Robusto,E and Roderique,H and Sandberg,A and Schlueter,E and Sch{\"o}nbrodt,F and Sherman,M and Sommer,S and Sotak,K and Spain,S and Sp{\"o}rlein,C and Stafford,T and Stefanutti,L and T{\"a}uber,S and Ullrich,J and Vianello,M and Wagenmakers,E and Witkowiak,M and Yoon,S and Nosek,B}
}
@article {1975626,
	title = {The MAX Effect: Lottery Stocks with Price Limits and Limits to Arbitrage},
	journal = {Journal of Financial Markets},
	volume = {41},
	year = {2018},
	month = {2018},
	pages = {77-91},
	abstract = {We modify the Bali et al.{\textquoteright}s (2011) MAX measure (maximum daily return over the prior month) when the observed returns are capped at the daily price limit to address the issue of homogeneous MAX across stocks. Our results indicate that the modified MAX measure can be a significant predictor of future stock returns. The modified MAX effect is not a manifestation of the idiosyncratic volatility effect. We also find that the modified MAX measure could be an alternative proxy for arbitrage risk.},
	keywords = {Finance},
	author = {Hung,Weifeng and Yang,Jimmy}
}
@article {1971401,
	title = {Product Market Characteristics and the Choice between IPOs and Acquisitions},
	journal = {Journal of Financial and Quantitative Analysis},
	year = {2018},
	month = {2018},
	keywords = {Finance},
	author = {He,Shan and Chemmanur,T. and He,J. and Nandy,D.}
}
@article {1978501,
	title = {"Through Thick and Thin: Political Risk and the Interdependencies between MNCs and Host Countries"},
	year = {2018},
	month = {2018},
	keywords = {Finance},
	author = {Blouin,Jennifer and Gibbons,Brian and Wang,Clare and Wellman,Laura}
}
@article {1978506,
	title = {"Through Thick and Thin: Political Risk and the Interdependencies between MNCs and Host Countries"},
	year = {2018},
	month = {2018},
	keywords = {Finance},
	author = {Blouin,Jennifer and Gibbons,Brian and Wang,Clare and Wellman,Laura}
}
@article {1978511,
	title = {"Through Thick and Thin: Political Risk and the Interdependencies between MNCs and Host Countries"},
	year = {2018},
	month = {2018},
	keywords = {Finance},
	author = {Wang,Clare and Gibbons,Brian and Blouin,Jennifer and Wellman,Laura}
}
@booklet {1972131,
	title = {Disruption in Health Care Markets},
	year = {2017},
	month = {2017},
	keywords = {Finance},
	url = {https://businessradio.wharton.upenn.edu/programs/the-business-of-health-care},
	author = {Kalodimos,Jonathan}
}
@article {1972141,
	title = {Internal Governance and Performance: Evidence From When External Discipline is Weak},
	journal = {Journal of Corporate Finance},
	volume = {43},
	year = {2017},
	month = {2017},
	pages = {193-216},
	abstract = {The effect of internal governance on performance is potentially economically significant but may be difficult to identify because of confounding external disciplinary mechanisms and the endogenous choice of internal governance. This study addresses those difficulties by using nonprofit hospitals as an economic environment with muted external disciplinary mechanisms and instrumenting for internal governance using governance spillovers of geographically local public firms. Using patient heart attack survival as a measure of performance, a one standard deviation increase in strength of internal governance reduces the probability of death by 0.89 percentage points after controlling for patient characteristics.},
	keywords = {Finance},
	url = {http://www.sciencedirect.com/science/article/pii/S0929119917300196},
	author = {Kalodimos,Jonathan}
}
@booklet {1972146,
	title = {Progress in Understanding Proxy Access and the Shareholder Proposal Process},
	year = {2017},
	month = {2017},
	keywords = {Finance},
	url = {https://corpgov.law.harvard.edu/2017/01/03/progress-in-understanding-proxy-access-and-the-shareholder-proposal-process/},
	author = {Kalodimos,Jonathan and Bhandari,Tara and Iliev,Peter}
}
@article {1972151,
	title = {Shareholder Rights in Mergers and Acquisitions: Are Appraisal Rights Being Abused?},
	journal = {Finance Research Letters},
	year = {2017},
	month = {2017},
	abstract = {Appraisal rights grant dissenting shareholders in an acquisition the right to petition the court to determine the value of their shares. These rights can protect shareholders from acquisitions below fundamental value or can be abused by opportunistic investors. We examine the use of appraisal rights and find the evidence is most consistent with appraisal rights functioning as recourse when the target firm is sold below fundamental value.},
	keywords = {Finance},
	author = {Kalodimos,Jonathan and Lundberg,Clark}
}
@article {1978516,
	title = {"Through Thick and Thin: Political Risk and the Interdependencies between MNCs and Host Countries"},
	year = {2017},
	month = {2017},
	keywords = {Finance},
	author = {Blouin,Jennifer and Gibbons,Brian and Wang,Clare and Wellman,Laura}
}
@article {1970721,
	title = {Business Cultural Intelligence Quotient: A Five-Country Study},
	journal = {Thunderbird International Business Review},
	year = {2016},
	month = {2016},
	abstract = {Cultural intelligence (CI) has often been linked to performance at the individual, team and firm levels as a key factor in international business success. Using a new measure of CI, the business cultural intelligence quotient (BCIQ), our study provides empirical evidence on several key antecedents of CI using data onbusiness professionals across five diverse countries (Austria, Colombia, Greece, Spain and USA). The findings suggest that the most important factors leading to cultural intelligence, in order of importance, are: the number of countries that business practitioners have lived in for more than six months, their level of education and the number of languages spoken. We find that cultural intelligence varies across countries, suggesting that some countries have a higher propensity for cross-cultural business interactions. By teasing out the common antecedents of BCIQ among professionals, our findings may help with screening and training professionals for international assignments. Future research may examine the environmental (country-specific) factors associated with a higher propensity for cultural intelligence (such as immigration, cultural diversity, languages spoken, and international trade) to explain the effect of country of origin on cultural intelligence in the professional community.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Alon,Ilan}
}
@article {1975676,
	title = {Corporate Governance and the Informational Efficiency of Prices},
	journal = {Financial Management},
	volume = {45},
	year = {2016},
	month = {2016},
	pages = {239-260},
	keywords = {Finance},
	author = {Lee,C. and Chung,K. H. and Yang,Sean}
}
@article {1983826,
	title = {The cost of corporate social irresponsibility},
	year = {2016},
	month = {2016},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Lin,KC and Johnson,Shane}
}
@article {1983831,
	title = {The cost of corporate social irresponsibility},
	year = {2016},
	month = {2016},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Lin,KC and Johnson,Shane}
}
@article {1983816,
	title = {The cost of corporate social irresponsibility},
	year = {2016},
	month = {2016},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Lin,KC and Johnson,Shane}
}
@article {1983821,
	title = {The cost of corporate social irresponsibility},
	year = {2016},
	month = {2016},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Lin,KC and Johnson,Shane}
}
@article {1968916,
	title = {The Effects of Executive, Firm, and Board Characteristics on Executive Exit},
	journal = {Financial Review},
	volume = {51},
	year = {2016},
	month = {2016},
	pages = {527-557},
	abstract = {We estimate a hazard model of the probability of top corporate executives exiting their firms over the period 1996{\textendash}2010. Our main findings are that: (1) female executives have greater likelihoods of exit than males, (2) the likelihood of exit increases with the independence of the board and decreases with the fraction of the board that is female and the average age of board members, and (3) a higher percentage of independent directors on the board lowers the probability of exit more for females than for males. Further, controlling for exit risk reduces the well-documented compensation differential between men and women.},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1970716,
	title = {Evidence on the Dynamic Nature of Executive Compensation and Corporate Governance in China},
	journal = {International Journal of Corporate Governance},
	volume = {7},
	year = {2016},
	month = {2016},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969096,
	title = {Fragility, stress, and market returns},
	journal = {Journal of Banking \& Finance},
	year = {2016},
	month = {2016},
	keywords = {Finance},
	author = {Berger,Dave and Pukthuanthong,Kuntara}
}
@booklet {1972136,
	title = {A Gadfly{\textquoteright}s Perspective},
	year = {2016},
	month = {2016},
	keywords = {Finance},
	url = {https://corpgov.law.harvard.edu/2016/09/21/a-gadflys-perspective/},
	author = {Kalodimos,Jonathan}
}
@article {1971406,
	title = {Human Capital, Management Quality, and the Exit Decisions of Entrepreneurial Firms},
	journal = {Journal of Financial and Quantitative Analysis},
	volume = {51},
	year = {2016},
	month = {2016},
	keywords = {Finance},
	author = {He,Shan and Lei,C. W.}
}
@article {1971411,
	title = {Institutional Trading, Information Production, and Corporate Spin-offs},
	journal = {Journal of Corporate Finance},
	volume = {38},
	year = {2016},
	month = {2016},
	keywords = {Finance},
	author = {He,Shan and Chemmanur,T. J.}
}
@article {1977876,
	title = {Internationalization and Regional Entrepreneurship:  Empirical Evidence on the Formation of New Ventures in China},
	year = {2016},
	month = {2016},
	address = {Dubai},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Weidinger,Alois}
}
@article {1977866,
	title = {Internationalization and Regional Entrepreneurship:  Empirical Evidence on the Formation of New Ventures in China},
	year = {2016},
	month = {2016},
	address = {China},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977871,
	title = {Internationalization, Geographic Location and Entrepreneurial Intention},
	year = {2016},
	month = {2016},
	address = {New Orleans, LA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@booklet {1972156,
	title = {Proposals Meant to Spark Nuanced Conversation about Stock Buybacks},
	year = {2016},
	month = {2016},
	keywords = {Finance},
	author = {Kalodimos,Jonathan}
}
@article {1979421,
	title = {Public versus Private Provision of Governance: The Case of Proxy Access},
	year = {2016},
	month = {2016},
	address = {Toronto, Ontario},
	keywords = {Finance},
	author = {Kalodimos,Jonathan}
}
@article {1970201,
	title = {The role of informal capital on new venture formation and growth in China},
	journal = {Small Business Economics},
	volume = {46},
	year = {2016},
	month = {2016},
	pages = {79-91},
	abstract = {This study examines the nature and role of informal capital used by micro-firms in the dynamic emerging market of China. Using a unique source of data for 260 urban entrepreneurs, this study provides empirical evidence that entrepreneurs{\textquoteright} personal savings and family funding are important sources of start-up capital. However, household income is the most important funding source in driving firm growth over time. This research directly addresses the lacuna of studies on entrepreneurship in emerging economies and contributes to our understanding of the critical role informal capital plays in the Chinese entrepreneurial process. Overall findings suggest that informal capital is still predominantly used over formal capital sources for financing firm start-up, underscoring the slow transition in China from an emerging to a modern economy.},
	keywords = {Accounting, Finance, OSU-Cascades, OSU-Cascades Hospitality Mgt},
	author = {Elston,Julie and Chen,Sandy and Weidinger,Alois}
}
@article {1976496,
	title = {On valuing human capital and relating it to macro variables},
	year = {2016},
	month = {2016},
	address = {Las Vegas},
	keywords = {Finance},
	author = {Berger,Dave and Roll,Richard and Pukthuanthong,Kuntara}
}
@article {1979036,
	title = {Anti-Takeover Provisions, Corporate Governance, and Firm Performance},
	year = {2015},
	month = {2015},
	address = {Orlando},
	keywords = {Finance},
	author = {He,Shan}
}
@article {1983151,
	title = {Closed-end fund IPOs, Sold not Bought},
	year = {2015},
	month = {2015},
	address = {Las Vegas, NV},
	keywords = {Finance},
	author = {Shao,Rong}
}
@article {1983841,
	title = {The cost of corporate social irresponsibility},
	year = {2015},
	month = {2015},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Lin,KC}
}
@article {1983846,
	title = {The cost of corporate social irresponsibility},
	year = {2015},
	month = {2015},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Lin,KC}
}
@article {1977891,
	title = {Cultural Intelligence Antecedents},
	year = {2015},
	month = {2015},
	address = {Warsaw, Poland},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976351,
	title = {Does Corporate Social Responsibility Attract the "Right" Investors},
	year = {2015},
	month = {2015},
	address = {Oxford, England},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1973261,
	title = {Does Director Affiliation Lead to Analyst Bias?},
	journal = {Applied Economics},
	volume = {47},
	year = {2015},
	month = {2015},
	pages = {272-287},
	keywords = {Finance},
	author = {Mathew,Prem and Yildirim,H. Semih}
}
@article {1970236,
	title = {The Effect of Ownership Structure on the Price Earnings Ratio-Returns Anomaly},
	journal = {International Review of Financial Analysis},
	year = {2015},
	month = {2015},
	keywords = {Finance},
	author = {Houmes,Robert and Chira,Inga}
}
@article {1983851,
	title = {Empirical Financial Studies and Policy Implications},
	year = {2015},
	month = {2015},
	address = {Taipei},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1977881,
	title = {A Hierarchy of Cultural Intelligence Antecedents},
	year = {2015},
	month = {2015},
	address = {Vancouver, BC, Canada},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977886,
	title = {A Hierarchy of Cultural Intelligence Antecedents},
	year = {2015},
	month = {2015},
	address = {India},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1979426,
	title = {Internal Governance and Performance: Evidence From When External Discipline is Weak},
	year = {2015},
	month = {2015},
	address = {San Diego State University},
	keywords = {Finance},
	author = {Kalodimos,Jonathan}
}
@article {1977901,
	title = {Measuring Cultural Intelligence},
	year = {2015},
	month = {2015},
	address = {Abu Dhabi, UAE},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1983856,
	title = {A model of price limits on individual stocks},
	year = {2015},
	month = {2015},
	address = {Buenos Aires},
	keywords = {Finance},
	author = {Yang,Jimmy and Luo,Yuchen}
}
@article {1983836,
	title = {A model of price limits on individual stocks},
	year = {2015},
	month = {2015},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy and Luo,Yuchen}
}
@article {1968921,
	title = {New venture legitimacy: the conditions for angel investors},
	journal = {Small Business Economics},
	volume = {45},
	year = {2015},
	month = {2015},
	pages = {735-749.},
	abstract = {Favorable legitimacy judgments by potential resource providers are critical for the survival and growth of new ventures. We examine which aspects of a venture{\textquoteright}s activities, structures, and outcomes, as conveyed by its narrative, are associated with legitimacy judgments by potential angel investors in a sample of 176 new venture proposals. We find that entrepreneurial ventures with quality top management teams, advisors, and developed products are viewed more favorably by angel investors and likely have better access to these investors. This research provides new insights into the establishment of legitimacy within the economically important angel capital market.},
	keywords = {Finance},
	author = {Becker-Blease,John and Sohl,Jeffrey}
}
@booklet {1972161,
	title = {Public versus Private Provision of Governance: The Case of Proxy Access},
	year = {2015},
	month = {2015},
	keywords = {Finance},
	url = {http://clsbluesky.law.columbia.edu/2015/10/01/public-versus-private-provision-of-governance-the-case-of-proxy-access/},
	author = {Kalodimos,Jonathan and Iliev,Peter and Bhandari,Tara}
}
@article {1975681,
	title = {Reverse Stock Splits, Institutional Holdings, and Share Value},
	journal = {Financial Management},
	volume = {44},
	year = {2015},
	month = {2015},
	pages = {177-216},
	keywords = {Finance},
	author = {Chung,K. H. and Yang,Sean}
}
@article {1977896,
	title = {The Role of Informal Capital in Growth in China},
	year = {2015},
	month = {2015},
	address = {Dubai, UAE},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969101,
	title = {Sentiment Bubbles},
	journal = {Journal of Financial Markets},
	volume = {23},
	year = {2015},
	month = {2015},
	pages = {59-74},
	abstract = {We examine cumulative changes in investor sentiment and find that these changes relate to extended periods of increasing overvaluation, followed by price corrections. The relation between sentiment and returns is path dependent{\textemdash}short-term increases in sentiment precede strong positive returns, while prolonged periods of increasing sentiment precede negative returns. Positive short-run returns are consistent with bubble dynamics and mitigate the backwards induction conundrum described by Abreu and Brunnermeier (2003). Our results hold for the market portfolio, and are especially strong for opaque portfolios with high levels of uncertainty, as well as portfolios with greater market frictions that limit arbitrage.},
	keywords = {Finance},
	author = {Berger,Dave and Turtle,Harry}
}
@article {1970241,
	title = {Bad News and Bank Performance during the 2008 Financial Crisis},
	journal = {Applied Financial Economics},
	volume = {24},
	year = {2014},
	month = {2014},
	pages = {1-12},
	abstract = {The paper investigates market reaction to negative reports published by analysts and auditors for a sample of investment, commercial, and savings banks during the 2008 financial crisis and compares the results to non-crisis periods. The results show that during 2008, analysts{\textquoteright} downgrades and underperformance reports resulted in stronger negative returns than during non-crisis periods and that investment banks experienced the worst stock price declines. The market reaction to auditors{\textquoteright} issues and going concern flags is different during the crisis as well. In non-crisis periods no reaction to auditors{\textquoteright} bad news is reported, while during the crisis there is a negative and significant reaction for investment banks only. Overall, the type of bank, investment versus commercial, significantly contributes to explaining the variability in returns during the financial crisis.},
	keywords = {Finance},
	author = {Chira,Inga}
}
@article {1972166,
	title = {Daily Data is Bad for Beta: Opacity and Frequency-Dependent Betas},
	journal = {Review of Asset Pricing Studies},
	year = {2014},
	month = {2014},
	keywords = {Finance},
	author = {Kalodimos,Jonathan and Gilbert,T. and Hrdlicka,C. and Siegel,S.}
}
@article {1976356,
	title = {Does a change in firm visibility affect value?},
	year = {2014},
	month = {2014},
	address = {Madrid, Spain},
	keywords = {Finance},
	author = {Becker-Blease,John and Khoury,Ted and Paul,Donna}
}
@article {1969191,
	title = {The Effect on Stockholder Wealth of Product Recalls and Government Action:  The Case of Toyota{\textquoteright}s Accelerator Pedal Recall},
	journal = {Quarterly Review of Economics and Finance},
	volume = {54},
	year = {2014},
	month = {2014},
	pages = {521-528},
	abstract = {We analyze the effect of Toyota{\textquoteright}s faulty accelerator pedal on stockholder wealth. Using the event study methodology, we show that a major recall in January of 2010 caused the company{\textquoteright}s cumulative abnormal returns to fall by 19 percent. Continued concerns that Toyota was unable to identify and adequately fix the problem induced the National Highway Traffic Safety Administration to conduct its own investigation in March, 2010. The results of this government investigation exonerated the company and caused Toyota{\textquoteright}s cumulative abnormal returns to rise by almost 9 percent. The Toyota case provides an opportunity to study a product recall with both company error and a government action that addressed concerns about the safety of the product.},
	keywords = {Finance},
	author = {Gokhale,Jayendra and Brooks,Raymond and Tremblay,Victor J}
}
@article {1970726,
	title = {Executive Compensation and Agency Issues in Italy},
	journal = {International Journal of Corporate Governance},
	volume = {5},
	year = {2014},
	month = {2014},
	abstract = {From a theoretical perspective, we posit that that dividend policies may be relevant in resolving agency issues even in a governance environment dominated by family controlled firms. Earlier research has found that in more market based systems such as the US and Canada, dividends are in fact instrumental in solving agency issues. Prior empirical research has also found that dividends have a role in mitigating agency conflicts in a bank-dominated corporate environments like that in Germany (Elston and Goldberg, 2003). This paper extends the findings of earlier research by empirically investigating whether dividends retain their importance as the mechanism for resolving residual agency issues in a family controlled governance environment like Italy},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Rondi,Laura and Bhattacharyya,Nalanaksha}
}
@article {1979431,
	title = {How Important is Governance? Evidence from Heart Attack Survival},
	year = {2014},
	month = {2014},
	address = {Dallas, TX},
	keywords = {Finance},
	author = {Kalodimos,Jonathan}
}
@article {1977906,
	title = {International Entrepreneurship},
	year = {2014},
	month = {2014},
	address = {Vienna},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970246,
	title = {Risk Change during Crises: How do Purely Local Companies Differ from Cross-listed Firms? Evidence from the European Crisis of 2010-2012},
	journal = {Journal of Economics and Business},
	year = {2014},
	month = {2014},
	keywords = {Finance},
	author = {Chira,Inga}
}
@article {1970251,
	title = {Special Dividend Distributions, Firm Characteristics, and Economic Conditions},
	journal = {Journal of Applied Finance: theory, practice, education},
	year = {2014},
	month = {2014},
	keywords = {Finance},
	author = {Chira,Inga}
}
@article {1969186,
	title = {What makes when-issued trading attractive to financial markets?},
	journal = {Financial Markets, Institutions and Instruments},
	volume = {23},
	year = {2014},
	month = {2014},
	pages = {245-271},
	abstract = {When-issued trading is the trading of securities prior to the actual issue of the security. When-issued trading is active around the world and in a variety of equity and bond markets. In this survey, we provide a general description of when-issued trading, analyze benefits and costs in various financial markets, present existing theoretical models and predictions, and synthesize empirical findings. We find that when-issued trading promotes price discovery, mitigates information asymmetry, provides convenience for trading ahead of the actual issue of the security, and in some markets reduces volatility. In addition, we offer policy implications and suggest directions for further research in this area.},
	keywords = {Finance},
	author = {Brooks,Raymond and Kim,Yong H and Yang,Jimmy}
}
@article {1969196,
	title = {When-issued trading in the Indian IPO market},
	journal = {Journal of Financial Markets},
	volume = {19},
	year = {2014},
	month = {2014},
	pages = {170-196},
	keywords = {Finance},
	author = {Brooks,Raymond and Mathew,Prem and Yang,Jimmy}
}
@article {1975956,
	title = {Agency Problems and Cash Savings from Equity Issuance},
	year = {2013},
	month = {2013},
	address = {Chicago, IL},
	keywords = {Finance},
	author = {Anthony,Andrea}
}
@article {1970256,
	title = {Bank Exposure to Market Fear},
	journal = {Journal of Financial Stability},
	volume = {9},
	year = {2013},
	month = {2013},
	pages = {451-459},
	keywords = {Finance},
	author = {Chira,Inga and Madura,I. and Viale,A.}
}
@article {1977911,
	title = {Business Cultural Intelligence Quotient (BCIQ)},
	year = {2013},
	month = {2013},
	address = {Orlando, FL},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970551,
	title = {The choice between rights and underwritten equity offerings: Evidence from Chinese Stock Markets},
	journal = {Journal of Multinational Financial Management},
	volume = {23},
	year = {2013},
	month = {2013},
	pages = {235-253},
	abstract = {We study the choice and valuation effects of alternative flotation methods using a sample of Chinese firms that must meet the return on equity (ROE) thresholds set by the government to raise equity capital. The ROE requirement, although changed over time, seems to play an important role on the valuation and performance of seasoned equity offerings. The analysis of 219 rights and 75 underwritten offerings between 2000 and 2004 shows that Chinese firms that are not qualified for the flotation method with a higher ROE requirement suffer the most at announcement and experience significantly lower buy-and-hold abnormal returns than those that are qualified. Our results suggest that the freedom to choose their preferred flotation method may be valuable to firms that meet the higher ROE requirement. Finally, our probit models identify several determinants of the choice of flotation methods.},
	keywords = {Accounting, Finance},
	author = {Dang,Li and Yang,Jimmy}
}
@article {1975951,
	title = {Discussant},
	year = {2013},
	month = {2013},
	address = {Chicago, IL},
	keywords = {Finance},
	author = {Anthony,Andrea}
}
@article {1969106,
	title = {Is the diversification benefit of frontier markets realizable by mean-variance investors? The evidence of investable funds},
	journal = {Journal of Portfolio Management},
	volume = {39},
	year = {2013},
	month = {2013},
	pages = {36-48},
	keywords = {Finance},
	author = {Berger,Dave and Pukthuanthong,Kuntara and Yang,Jimmy}
}
@article {1970206,
	title = {Entrepreneurial motives and characteristics: An analysis of small restaurant owners},
	journal = {International Journal of Hospitality Management},
	volume = {35},
	year = {2013},
	month = {2013},
	pages = {294-305},
	keywords = {Finance, OSU-Cascades, OSU-Cascades Hospitality Mgt},
	author = {Elston,Julie and Chen,Sandy}
}
@article {1969111,
	title = {Financial turbulence and Beta estimation},
	journal = {Applied Financial Economics},
	volume = {23},
	year = {2013},
	month = {2013},
	pages = {251-263},
	abstract = {I use Mahalanobis distance based on investment opportunity variables to define turbulent periods within financial markets. The distance measure identifies periods of event-driven stress, and not necessarily low returns. CAPM betas estimated from normal sample periods explain vary little variation in cross-sectional returns. However, betas estimated from turbulent subperiods explain a large proportion of full-sample returns. Market betas for small and value portfolios increase during turbulent periods, indicating that the risk of these portfolios is greater than indicated by standard betas, and suggesting an explanation for these anomalies.},
	keywords = {Finance},
	author = {Berger,Dave}
}
@inbook {1984411,
	title = {Financing the Entrepreneurial Decision:  An Empirical Approach Using Experimental Data on US High Technology Entrepreneurs},
	year = {2013},
	month = {2013},
	address = {London},
	abstract = {Public Policy in the Entrepreneurial Society},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970266,
	title = {The Impact of Governance Characteristics on the Stock Price of Cross Listed Companies},
	journal = {Journal of Economics and Finance},
	year = {2013},
	month = {2013},
	keywords = {Finance},
	author = {Chira,Inga}
}
@article {1970261,
	title = {Impact of the Galleon Case on Informed Trading Before Merger Announcements},
	journal = {Journal of Financial Research},
	volume = {36},
	year = {2013},
	month = {2013},
	pages = {325-347},
	keywords = {Finance},
	author = {Chira,Inga and Madura,J.}
}
@article {1977916,
	title = {International Entrepreneurship},
	year = {2013},
	month = {2013},
	address = {Bratislava, Slovakia.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977926,
	title = {Measuring Risk Attitudes of High-Technology Entrepreneurs},
	year = {2013},
	month = {2013},
	address = {Vienna Austria},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977921,
	title = {Measuring the Impacts of Risk Attitudes and Entrepreneurship of US High Technology Entrepreneurs},
	year = {2013},
	month = {2013},
	address = {Rome, Italy},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1975636,
	title = {Reconsidering Price Limit Effectiveness},
	journal = {Journal of Financial Research},
	volume = {36},
	year = {2013},
	month = {2013},
	pages = {493-518},
	abstract = {Most stock exchanges around the world impose daily price limits on stock prices. However, China is the only market that has experienced trading with and without price limits. We study China{\textquoteright}s experience with price limits by comparing a subperiod with price limits to a subperiod without price limits. We provide three major sets of findings. First, we find price limits moderate transitory volatility and mitigates abnormal trading activity. Second, for poor performing stocks, a tighter price limit also appears helpful in moderating volatility and not hurtful. Finally, we find some evidence that price limits can facilitate market recovery following crashes. Many prior studies criticize price limits. Our study shows benefits of price limits.},
	keywords = {Finance},
	author = {Kim,Kenneth and Liu,Haixiao and Yang,Jimmy}
}
@inbook {1984416,
	title = {Risk Attitudes, Wealth and Sources of Entrepreneurial Start-Up Capital},
	year = {2013},
	month = {2013},
	address = {London},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1975686,
	title = {Share Repurchases, Catering, and Dividend Substitution},
	journal = {Journal of Corporate Finance},
	volume = {21},
	year = {2013},
	month = {2013},
	pages = {36-50},
	keywords = {Finance},
	author = {Jiang,Z. and Kim,K. A. and Lie,E. and Yang,Sean}
}
@article {1979041,
	title = {Untitled},
	year = {2013},
	month = {2013},
	address = {Croatia},
	keywords = {Finance},
	author = {He,Shan}
}
@article {1969121,
	title = {Cross-sectional performance and investor sentiment in a multiple risk factor model},
	journal = {Journal of Banking \& Finance},
	volume = {36},
	year = {2012},
	month = {2012},
	pages = {1107-1121},
	abstract = {The impact of investor sentiment on stock prices varies in the cross-section. We estimate sentiment sensitivities and find that sentiment-prone stocks exhibit the opaque characteristics hypothesized by Baker and Wurgler (2006). We then examine conditional alphas using investor sentiment as an information variable. Opaque stocks exhibit marginal performance that varies inversely with investor sentiment. Translucent stocks exhibit relatively little variability in performance across levels of sentiment.},
	keywords = {Finance},
	author = {Berger,Dave and Turtle,Harry J}
}
@article {1969201,
	title = {Emerging from bankruptcy with when-issued trading},
	journal = {Financial Review},
	volume = {47},
	year = {2012},
	month = {2012},
	pages = {445-467},
	abstract = {We examine the set of firms that emerged from Chapter 11 bankruptcy and traded on a when-issued basis prior to their official return to the regular way in NASDAQ, Amex, or NYSE. We find that this when-issued market is liquid and price efficient. The when-issued closing price is a good indicator of the first closing price in the regular way market. Emerging firms that have when-issued trading experience lower regular way volatility and smaller relative spreads than those without when-issued trading. Our probit regressions show that firm size is an important determinant of the adoption of when-issued trading.},
	keywords = {Finance},
	author = {Brooks,Raymond and Yang,Jimmy}
}
@article {1977936,
	title = {{\textquotedblleft}Internationalization and Regional  Entrepreneurship:  Empirical Evidence on the Formation of New Ventures in China{\textquotedblright}},
	year = {2012},
	month = {2012},
	address = {Washington DC},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969116,
	title = {Market fragility and international market crashes},
	journal = {Journal of Financial Economics},
	volume = {105},
	year = {2012},
	month = {2012},
	pages = {565-580},
	abstract = {We extend the Pukthuanthong and Roll (2009) measure of integration to provide an estimate of systemic risk within international equity markets. Our measure indicates an increasing likelihood of market crashes. The conditional probability of market crashes increases substantially following increases of our risk measure. High levels of our risk measure indicate the probability of a global crash is greater than the probability of local crash. That is, conditional on high levels of systemic risk, the probability of a severe crash across multiple markets is larger than the probability of a crash within a smaller number of markets.},
	keywords = {Finance},
	author = {Berger,Dave and Pukthuanthong,Kuntara}
}
@article {1977931,
	title = {{\textquotedblleft}Regional  Entrepreneurship:  Empirical Evidence on the Formation of New Ventures in China{\textquotedblright}},
	year = {2012},
	month = {2012},
	address = {Boston},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976361,
	title = {The Sources of Legitimacy for New Venture Angel Investors},
	year = {2012},
	month = {2012},
	address = {Maastrict},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@inbook {1984301,
	title = {Stakeholder-Focused Corporate Investment},
	year = {2012},
	month = {2012},
	pages = {405-423},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1981361,
	title = {When-issued trading in the Indian IPO market},
	year = {2012},
	month = {2012},
	address = {New Orleans},
	keywords = {Finance},
	author = {Mathew,Prem}
}
@article {1983861,
	title = {When-issued trading in the Indian IPO market},
	year = {2012},
	month = {2012},
	address = {Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1970271,
	title = {Can Undergraduate Students Make Optimal Decisions about Student Loans?},
	journal = {Journal of Economics and Finance Education},
	volume = {11},
	year = {2011},
	month = {2011},
	pages = {1-14},
	keywords = {Finance},
	author = {Chira,Inga and Chiang,E. and Houmes,R.}
}
@article {1983876,
	title = {The choice between rights and underwritten equity offerings: Evidence from Chinese stock markets},
	year = {2011},
	month = {2011},
	address = {Queenstown, New Zealand},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1970731,
	title = {Dividends, Executive Compensation, and Agency Costs: Empirical Evidence From Germany},
	journal = {Journal of Accounting and Finance},
	volume = {11},
	year = {2011},
	month = {2011},
	pages = {11-20},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Bhattacharyya,Nalanaksha}
}
@article {1968931,
	title = {The Effect of Gender Diversity on Angel Group Investment},
	journal = {Entrepreneurship, Theory and Practice},
	volume = {35},
	year = {2011},
	month = {2011},
	pages = {709-733},
	abstract = {We examine the impact that gender diversity has on angel group investment behavior for a sample of 183 group-years between 2000 and 2006. Our evidence suggests that gender diversity is a significant predictor of group investment behavior, and that the proportion of women angels in the group has a negative though nonlinear effect on investment likelihood. These data are most consistent with a situational interpretation that women invest differently when they are in the small minority compared with other situations. These results have important implications for the availability of funds for women entrepreneurs and call for greater participation of women investors in the angel marketplace.},
	keywords = {Finance},
	author = {Becker-Blease,John and Sohl,Jeff}
}
@article {1969126,
	title = {Emerging market crises and US equity market returns},
	journal = {Global Finance Journal},
	volume = {22},
	year = {2011},
	month = {2011},
	abstract = {We find contagion effects are present in US small size portfolios during emerging market crises due to risk and liquidity concerns. Investors display flight from risk during emerging market crises, and as a result, safer larger stocks exhibit positive abnormal returns. We find little evidence of contagion in aggregate excess US market returns, indicating studies that focus on national aggregates may miss important within market dynamics during emerging market crises. The international dynamics that we document have important implications for investors, even when they may have limited global exposure.},
	keywords = {Finance},
	author = {Berger,Dave and Turtle,Harry J}
}
@article {1977941,
	title = {Entrepreneurship in China},
	year = {2011},
	month = {2011},
	address = {Orlando, FL},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970746,
	title = {Financing the Entrepreneurial Decision: An Empirical Approach Using Experimental Data on US High Technology Entrepreneurs},
	journal = {Small Business Economics},
	volume = {36},
	year = {2011},
	month = {2011},
	pages = {209-222},
	abstract = {This paper empirically examines the role of risk attitudes and wealth on financing choices for successful US entrepreneurs. Our approach uses both survey data and data from economics based field experiments, which enables us control for the risk attitudes of entrepreneurs. Empirical findings suggest that lower levels of wealth increase the probability of using a Small Business Innovation Research (SBIR) grant, but lower levels of wealth also reduce the probability of using loan financing. In addition results show that higher levels of risk aversion, but not wealth, increase the probability of financing firm start-ups with earnings from a second job. Overall, findings suggest that both wealth and risk attitudes may play an important role in the financing choice of entrepreneurs.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Audretsch,David B.}
}
@article {1968926,
	title = {Governance and Innovation},
	journal = {Journal of Corporate Finance},
	volume = {17},
	year = {2011},
	month = {2011},
	pages = {947-958},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1969136,
	title = {International diversification with frontier markets},
	journal = {Journal of Financial Economics},
	volume = {101},
	year = {2011},
	month = {2011},
	pages = {227-242},
	abstract = {We provide an analysis of frontier market equities with respect to world market integration and diversification. Principal component results reveal that frontier markets exhibit low levels of integration. In contrast with developed and emerging markets, frontier markets offer no indication of increasing integration through time. Furthermore, individual frontier market countries do not exhibit consistent rates of changing integration. Structural break tests identify breakpoints in integration, as well as integration dynamics across countries. We show that frontier markets have low integration with the world market and thereby offer significant diversification benefits.},
	keywords = {Finance},
	author = {Berger,Dave and Pukthuanthong,Kuntara and Yang,Jimmy}
}
@article {1975641,
	title = {Private Debt, Unused Credit Lines, and Seasoned Equity Offerings},
	journal = {Quarterly Review of Economics and Finance},
	volume = {51},
	year = {2011},
	month = {2011},
	pages = {376-388},
	abstract = {We study a sample of SEOs to examine the impact of private debt and unused credit lines on SEO underpricing and long-run stock and operating performance. We do not find significant effects of private debt financing on SEO underpricing and long-run stock underperformance. However, firms with more bank debt and unused lines of credit exhibit significantly better pre-issue operating performance. Changes in operating performance from the pre-issue year to the post-issue period are negatively related to the size of unused credit lines. Capital spending decreases with the size of unused credit lines in the year prior to SEOs, but increases following SEOs. Our overall evidence suggests that the post-issue operating performance we observed may be a result of overinvestment, which is enhanced by unused credit lines.},
	keywords = {Finance},
	author = {Liu,Yang and Yang,Jimmy}
}
@article {1983866,
	title = {Reconsidering Price Limit Effectiveness},
	year = {2011},
	month = {2011},
	address = {Macao},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1983871,
	title = {Reconsidering Price Limit Effectiveness},
	year = {2011},
	month = {2011},
	address = {Sydney, Australia},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1969131,
	title = {Testing the CAPM across observed and fundamental returns},
	journal = {Applied Financial Economics},
	volume = {21},
	year = {2011},
	month = {2011},
	pages = {625-636},
	abstract = {The CAPM describes a relationship between risk and expected forward-looking returns. Existing research tests the model using realized returns as the proxy for ex-ante expectations. However, recent studies cast doubt on the ability of ex-post observed returns to proxy for ex-ante expectations. Using an alternative specification to proxy for investor expectations, I test the CAPM in the context of pricing size and book/market equities. The results indicate that the CAPM retains additional merit with an improved measure of expectations. However, the value premium appears large and significant across both specifications of expected returns.},
	keywords = {Finance},
	author = {Berger,Dave}
}
@article {1970276,
	title = {The Valuation Effect of Accounting Standard 158 on Firms with High and Low Financial Risk},
	journal = {Atlantic Economic Journal},
	volume = {39},
	year = {2011},
	month = {2011},
	pages = {47-57},
	keywords = {Finance},
	author = {Houmes,B. and Chira,Inga and Boylan,B.}
}
@article {1977946,
	title = {Agency Costs, Dividends and Executive Compensation: Empirical Evidence from Germany},
	year = {2010},
	month = {2010},
	address = {Tampa, FL},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977961,
	title = {DIVIDENDS, EXECUTIVE COMPENSATION, AND AGENCY COSTS:},
	year = {2010},
	month = {2010},
	address = {Chicago Il, USA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1968941,
	title = {Does Inclusion in a Smaller S\&P Index Create Value?},
	journal = {Financial Review},
	volume = {45},
	year = {2010},
	month = {2010},
	pages = {307-330},
	abstract = {This study finds overall increases in equity value surrounding addition to the S\&P SmallCap and MidCap indexes from 1996 to 2003 and investigates sources of the value gains. Following addition, there are significant increases in proxy variables for stock liquidity and investor recognition, and changes in these variables are impounded into the permanent component of announcement share price revisions. We also find that changes in capital investment intensity are increasing in changes in stock liquidity, consistent with a reduction in the cost of capital following index addition.},
	keywords = {Finance},
	author = {Becker-Blease,John and Paul,Donna}
}
@article {1968946,
	title = {Employees, Firm Size, and Profitability in U.S. Manufacturing Industries},
	journal = {Investment Management and Financial Innovations},
	volume = {7},
	year = {2010},
	month = {2010},
	pages = {7-23},
	abstract = {This study examines the relation between firm size and profitability within 109 SIC four-digit manufacturing industries.~ Depending on our measure of profitability, we find that profitability increases at a decreasing rate and eventually declines in up to 47 of our industries.~~ No relation between profitability and size is found in up to 52 of our industries.~ These two categories account for 97 of our 109 industries.~ Profitability continues to increase as firms become larger in up to 11 industries.~~ Hence, the relation between size and profitability is industry specific.~ But, regardless of the shape of the size profitability function, we find that profitability is negatively correlated with the number of employees for firms of a given size measured in terms of total assets and sales.~},
	keywords = {Finance},
	author = {Becker-Blease,John and Kaen,Fred and Etebari,Ahmad and Baumann,Hans}
}
@article {1979441,
	title = {Entrepreneurial Foresight and the Endogenous Choice of Market Intermediaries in Japanese IPOs},
	year = {2010},
	month = {2010},
	address = {Montreal, Canada},
	keywords = {Entrepreneurship, Finance, Strategy \& Entrepreneurship},
	author = {Khoury,Theodore and Mathew,Prem and Hibara,Nobuhiko}
}
@article {1977951,
	title = {Financing Entrepreneurship and Innovation},
	year = {2010},
	month = {2010},
	address = {Washington DC},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977956,
	title = {Firm Growth and Gibrat{\textquoteright}s Law},
	year = {2010},
	month = {2010},
	address = {Stockholm Sweden},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1968936,
	title = {The Impact of Gender on Voluntary and Involuntary Executive Departure},
	journal = {Economic Inquiry},
	volume = {48},
	year = {2010},
	month = {2010},
	pages = {1102-1118.},
	abstract = {We examine the frequency and conditions of executive departure from S\&P 1500 firms. Based upon published news reports, we find that female executives are more likely than male executives to depart their positions voluntarily and involuntarily in the presence of controls for firm performance, firm governance, and human capital. We also find that women are less likely than men to depart voluntarily as firm size increases or board size decreases but more likely to be dismissed as the board becomes more male dominated},
	keywords = {Finance},
	author = {Becker-Blease,John and Elkinawy,Susan and Stater,Mark}
}
@article {1976501,
	title = {International diversification with frontier markets},
	year = {2010},
	month = {2010},
	address = {Taipei},
	keywords = {Finance},
	author = {Berger,Dave and Pukthuanthong,Kuntara and Yang,Jimmy}
}
@article {1976506,
	title = {International Diversification with Frontier Markets},
	year = {2010},
	month = {2010},
	address = {New York, New York},
	keywords = {Finance},
	author = {Berger,Dave and Yang,Jimmy and Pukthuanthong,Kuntara}
}
@article {1969141,
	title = {Investor perceptions and volatility within the risk-return tradeoff},
	journal = {Applied Financial Economics},
	volume = {20},
	year = {2010},
	month = {2010},
	abstract = {Conditional asset pricing models within the risk-return literature describe a relation between expected risk and return for period t+1, with expectations formed during period t. Existing risk estimates in the literature are formed using backwards looking measures during period t, which are projected forward for period t+1. Evidence suggests ex post observations do not always correspond with conditional ex ante expectations. Using forward looking survey data, I compare measures of expected risk, with common estimates of risk in the literature. Supporting empirical research, I find a strong relation between forward looking investor risk perceptions and conditional risk estimates.},
	keywords = {Finance},
	author = {Berger,Dave}
}
@article {1976366,
	title = {Legitimacy and Angel Investment},
	year = {2010},
	month = {2010},
	address = {London, England},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1970736,
	title = {Risk Attitudes, Wealth and Sources of Entrepreneurial Start-up Capital},
	journal = {Journal of Economic Behavior and Organization},
	volume = {76},
	year = {2010},
	month = {2010},
	pages = {82-89},
	abstract = {This paper empirically examines the role of risk attitudes and wealth on financing choices for successful US entrepreneurs. Our approach uses both survey data and data from economics based field experiments, which enables us control for the risk attitudes of entrepreneurs. Empirical findings suggest that lower levels of wealth increase the probability of using a Small Business Innovation Research (SBIR) grant, but lower levels of wealth also reduce the probability of using loan financing. In addition results show that higher levels of risk aversion, but not wealth, increase the probability of financing firm start-ups with earnings from a second job. Overall, findings suggest that both wealth and risk attitudes may play an important role in the financing choice of entrepreneurs.},
	keywords = {Finance, OSU-Cascades},
	url = {www.elsevier.com/locate/jebo},
	author = {Elston,Julie}
}
@article {1970741,
	title = {Venture Capital, Ownership Structure, Accounting Standards and IPO Underpricing: Evidence from Germany},
	journal = {Journal of Economics and Business},
	volume = {62},
	year = {2010},
	month = {2010},
	pages = {517-536},
	abstract = {This study investigates the impact of venture capital (VC), ownership structure, and accounting standards on initial public offering (IPO) underpricing in Germany. Using data from Germany{\textquoteright}s Neuer Markt (NM), we test two key hypotheses regarding IPO underpricing; first, whether VC ownership and higher levels of post-IPO insider ownership result in lower underpricing, and second, whether additional information disclosure results in lower underpricing. Besides the standard underpricing measure, we also use a modified underpricing measure to better assess true entrepreneurial wealth loss. Robust findings indicate that none of these factors are significant in lowering IPO underpricing, which suggests the importance of examining standard theories within alternative institutional environments. Results are consistent with the stylized fact that Germany{\textquoteright}s NM firms had relatively minimal use of VC financing, which may point to not only a weaker role for venture capitalists in Germany but fewer incentives to reduce information asymmetry arising from outside ownership.<br><br>},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Yang,Jimmy}
}
@article {1971931,
	title = {A censored stochastic volatility approach to the estimation of price limit moves},
	journal = {Journal of Empirical Finance},
	volume = {16},
	year = {2009},
	month = {2009},
	pages = {337-351},
	abstract = {A censored stochastic volatility model is developed to reconstruct a return series censored by price limits, one popular form of market stabilization mechanisms. When price limits are reached, the observed prices are truncated and the equilibrium prices are unobservable, which makes further financial analyses difficult. The model offers theoretically sound estimates of censored returns and is demonstrated via simulations to outperform existing approaches with respect to the estimates of model parameters, unconditional means, and standard deviations. The algorithm is applied to model stock and futures returns and results are consistent with the simulation outcomes.<br><br>},
	keywords = {Finance, Supply Chain},
	author = {Hsieh,Ping-Hung and Yang,Jimmy}
}
@article {1970751,
	title = {Corporate Governance and Capital Accumulation: Firm Level Evidence from Italy},
	journal = {Scottish Journal of Political Economy},
	volume = {56},
	year = {2009},
	month = {2009},
	pages = {634-661},
	abstract = {This study investigates the impact of investor protection on firm ownership and investment decisions in a model where investor protection is allowed to vary across firms. Using firm panel data for Italy, we construct firm level variables to capture the degree of investor protection which is specific to the firm and observable by outside shareholders. Empirical evidence indicates that the stronger the investor protections the lower the fraction of equity that is owned by insiders. Results also suggest that higher insider equity ownership is linked to a larger risk premium and higher costs of capital for the firm. Finally, our findings indicate that the magnitude of capital stock distortions is important when shareholder protection is weak and ownership concentration is high.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Rondi,Laura}
}
@inbook {1984306,
	title = {Corporate Responsibility in Finance},
	volume = {2009},
	year = {2009},
	month = {2009},
	pages = {198-205},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1977971,
	title = {Dividends, Executive Compensation, and Agency Costs},
	year = {2009},
	month = {2009},
	address = {Milan, Italy},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1975646,
	title = {Effect of price limits: initial public offerings versus seasoned equities},
	journal = {International Review of Finance},
	volume = {9},
	year = {2009},
	month = {2009},
	pages = {295-318},
	abstract = {In this paper, we examine the effect of price limits on initial public offerings (IPOs) using Taiwanese data. On average, it takes 6.24 days for IPOs to reach their equilibrium prices in the presence of a 7\% price limit. We compare IPOs with their industry- and size-matched seasoned equities (MSEs) and observe higher volatility levels on subsequent days for IPOs than for MSEs. However, the higher volatility decays within 2 days. Lower price limits interfere with trading and lead to higher trading activity on subsequent days for IPOs than for MSEs. We also observe delayed price discovery for both IPOs and MSEs. Overall, our results provide evidence about the effect of price limits on IPOs and generate important regulatory implications for countries imposing price limits on IPOs.},
	keywords = {Finance},
	author = {Kim,Yong H. and Yang,Jimmy}
}
@article {1973266,
	title = {The efficiency of international information flow: Evidence from the ETF and CEF Prices},
	journal = {International Review of Financial Analysis},
	volume = {18},
	year = {2009},
	month = {2009},
	pages = {40-49},
	abstract = {While similar in their trading and organization, closed-end funds (CEFs) and exchange-traded funds (ETFs) differ in their liquidity and ease of arbitrage. We compare their price transmission dynamics using a sample of funds that invest in foreign securities and are most likely to show the deficiencies in the manner in which they process information. Our analysis shows that ETF returns are more closely related to their portfolio returns than CEF returns. However, both fund types underreact to portfolio returns but overreact to domestic stock market returns. A simple trading strategy using these results is profitable with roundtrip trading costs less than 1.38\% for CEFs and 0.71\% for ETFs.},
	keywords = {Finance},
	author = {Hughen,C. and Mathew,Prem}
}
@article {1976511,
	title = {Emerging Market Contagion},
	year = {2009},
	month = {2009},
	address = {Chicago},
	keywords = {Finance},
	author = {Berger,Dave and Turtle,H J}
}
@article {1977966,
	title = {Financing the Entrepreneurial Decision:  An Empirical Approach Using Experimental Data on US High Technology Entrepreneurs},
	year = {2009},
	month = {2009},
	address = {Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976376,
	title = {Governance and Innovation},
	year = {2009},
	month = {2009},
	address = {Reno, NV},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976371,
	title = {Integration Of Stakeholderism/Sustainability Into The Finance Curriculum},
	year = {2009},
	month = {2009},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1971921,
	title = {The magnet effect of price limits: a logit approach},
	journal = {Journal of Empirical Finance},
	volume = {16},
	year = {2009},
	month = {2009},
	pages = {830-837},
	abstract = {We investigate the magnet effect of price limits using transaction data from the Taiwan Stock Exchange. A logit model incorporates explanatory variables from microstructure literature and reveals that the conditional probability of a price increase (decrease) increases significantly when the price approaches the upper (lower) price limit, in support of the magnet effect. Our approach recognizes when the magnet effect starts to emerge and identifies possible determinants of magnet effect. The probability of information-based trading has a significant impact on the magnet effect for lower price limits.<br><br>},
	keywords = {Finance, Supply Chain},
	author = {Hsieh,Ping-Hung and Kim,Yong H and Yang,Jimmy}
}
@article {1969146,
	title = {Time variability in market risk aversion},
	journal = {Journal of Financial Research},
	volume = {32},
	year = {2009},
	month = {2009},
	pages = {285-307},
	abstract = {We adopt realized covariances to estimate the coefficient of risk aversion across portfolios and through time. Our approach yields second moments that are free from measurement error and not influenced by a specified model for expected returns. Supporting the permanent income hypothesis, we find risk aversion responds to consumption smoothing behavior. As income increases, or as the ratio of consumption-to-income falls, relative risk aversion decreases. We also document variation in risk aversion across portfolios: risk aversion is highest for small and value portfolios.},
	keywords = {Finance},
	url = {http://www.blackwellpublishing.com/journal.asp?ref=0270-2592},
	author = {Berger,Dave and Turtle,Harry J}
}
@article {1976391,
	title = {The Advisory Role of the Board of Directors},
	year = {2008},
	month = {2008},
	address = {Dallas, TX},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976381,
	title = {CEO Compensation and the Market for Corporate Control},
	year = {2008},
	month = {2008},
	address = {Dallas, TX},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@conference {1984311,
	title = {Confidence and Angel Investment: Does Sex Matter?},
	booktitle = {Frontiers of Entrepreneurship Research},
	volume = {2008},
	year = {2008},
	month = {2008},
	address = {Boston, MA},
	keywords = {Finance},
	author = {Becker-Blease,John and Sohl,Jeff}
}
@article {1977991,
	title = {Dividends and Agency Issues: Empirical Evidence From Germany},
	year = {2008},
	month = {2008},
	address = {St. John{\textquoteright}s Newfoundland},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977986,
	title = {Dividends and Agency Issues: Empirical Evidence From Germany},
	year = {2008},
	month = {2008},
	address = {St. John{\textquoteright}s Newfoundland},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1968951,
	title = {Do Corporate Governance Attributes Affect Adverse Selection Costs? Evidence from Seasoned Equity Offerings},
	journal = {Review of Quantitative Finance and Accounting},
	volume = {30},
	year = {2008},
	month = {2008},
	pages = {281-296},
	keywords = {Finance},
	author = {Becker-Blease,John and Irani,Afshad}
}
@article {1976411,
	title = {Do Men and Women Angels Invest Differently?},
	year = {2008},
	month = {2008},
	address = {Babson Park, MA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1975651,
	title = {The Effect of Price Limits on Intraday Volatility and Information Asymmetry},
	journal = {Pacific-Basin Finance Journal},
	volume = {16},
	year = {2008},
	month = {2008},
	pages = {522-538},
	abstract = {We investigate the effect of price limits on intra-day volatility and information asymmetry using transactions data from the Taiwan Stock Exchange. Proponents of price limits argue that they provide an opportunity for investors to reevaluate market information and make more rational trading decisions. We identify three different limit hits {\textendash} closing, single, and consecutive {\textendash} and hypothesize that only the consecutive limit hits are likely to provide such an opportunity, namely, to counter investor overreaction (volatility hypothesis) and to enhance information revelation (information asymmetry hypothesis). Our empirical evidence supports the volatility hypothesis. Our findings generate important policy implications for stock markets that have price limits.},
	keywords = {Finance},
	author = {Kim,Yong H. and Yang,Jimmy}
}
@article {1981371,
	title = {The Efficiency of International Information Flow: Evidence from the ETF and CEF Prices},
	year = {2008},
	month = {2008},
	address = {Dallas, Texas},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen,J Chris}
}
@article {1976571,
	title = {Emerging from Bankruptcy with When-Issued Trading},
	year = {2008},
	month = {2008},
	address = {Dallas},
	keywords = {Finance},
	author = {Brooks,Raymond and Yang,Jimmy}
}
@article {1977996,
	title = {Financing Entrepreneurship},
	year = {2008},
	month = {2008},
	address = {Jena Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1981366,
	title = {How Does Bunching Affect Bid-Ask Spread Component Estimation?},
	year = {2008},
	month = {2008},
	address = {Dallas, Texas},
	keywords = {Finance},
	author = {Mathew,Prem and Michayluk,David}
}
@article {1977976,
	title = {The Impact of Accounting Standards and Ownership Structure on IPO Underpricing: Evidence from Germany{\textquoteright}s Neuer Markt},
	year = {2008},
	month = {2008},
	address = {Las Vegas, NV},
	keywords = {Finance, OSU-Cascades},
	author = {Yang,Jimmy and Elston,Julie}
}
@article {1977981,
	title = {The impact of accounting standards and ownership structure on IPO underpricing: evidence from Germany{\textquoteright}s Neuer Market},
	year = {2008},
	month = {2008},
	address = {Las Vegas},
	keywords = {Finance, OSU-Cascades},
	author = {Yang,Jimmy and Elston,Julie}
}
@article {1976406,
	title = {The Impact of Gender on Voluntary and Involuntary Executive Departure},
	year = {2008},
	month = {2008},
	address = {Loyola, CA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976401,
	title = {Incorporating Stakeholders into Corporate Finance},
	year = {2008},
	month = {2008},
	address = {Hilton Head, SC;},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976396,
	title = {Integrating stakeholderism into finance.},
	year = {2008},
	month = {2008},
	address = {Boston, MA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976386,
	title = {Integrating sustainability into finance discipline},
	year = {2008},
	month = {2008},
	address = {Dallas, TX},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1968956,
	title = {Mergers and Acquisitions as a Response to the Deregulation of the Electric Power Industry: Value Creation or Value Destruction?},
	journal = {Journal of Regulatory Economics},
	volume = {33},
	year = {2008},
	month = {2008},
	pages = {21-53},
	keywords = {Finance},
	author = {Becker-Blease,John and Goldberg,Larry and Kaen,Fred R.}
}
@article {1975656,
	title = {Relative Performance of Trading Halts and Price Limits: Evidence from the Spanish Stock Exchange},
	journal = {International Review of Economics and Finance},
	volume = {17},
	year = {2008},
	month = {2008},
	pages = {197-215},
	abstract = {We study the relative performance of trading halts and price limits using data from the Spanish Stock Exchange where both mechanisms have coexisted. According to our evidence, trading activity increases after either mechanism is triggered. Volatility stays the same after trading halts but increases after price limit hits. Our evidence also shows that the bid{\textendash}ask spread is narrower after trading halts but wider after price limit hits. Information is efficiently reflected in stock prices once trading resumes after trading halts, but there is evidence of market overreaction for upper price limits. Our overall result may have important policy implications for financial markets in the world.},
	keywords = {Finance},
	author = {Kim,Yong H. and Yague,Jose and Yang,Jimmy}
}
@article {1976516,
	title = {Time Variability in Market Risk Aversion},
	year = {2008},
	month = {2008},
	keywords = {Finance},
	author = {Berger,Dave}
}
@article {1973271,
	title = {The Value of Stability Ratings to the Canadian Income Trust Market},
	journal = {Applied Financial Economics},
	volume = {18},
	year = {2008},
	month = {2008},
	pages = {1465-1474},
	keywords = {Finance},
	author = {Neeliah-Chinniah,Priscilla and Mathew,Prem and Yildirim,Semih}
}
@article {1968966,
	title = {Angel Capital Access for Women-Entrepreneurs},
	journal = {Journal of Business Venturing},
	volume = {22},
	year = {2007},
	month = {2007},
	pages = {503-521},
	keywords = {Finance},
	author = {Becker-Blease,John and Sohl,Jeff}
}
@article {1973276,
	title = {Are Foreign Issuers Complying with Regulation Fair Disclosure?},
	journal = {Journal of International Financial Markets, Institutions and Money},
	volume = {17},
	year = {2007},
	month = {2007},
	pages = {246-260},
	keywords = {Finance},
	author = {Mathew,Prem and Michayluk,D. and Kofman,P.}
}
@article {1978011,
	title = {Characterizing the Entrepreneur},
	year = {2007},
	month = {2007},
	address = {Riverwalk Hotel},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1977501,
	title = {The choice between rights and underwritten equity offerings: evidence from the Chinese Stock Markets},
	year = {2007},
	month = {2007},
	address = {Orlando},
	keywords = {Accounting, Finance},
	author = {Dang,Li and Yang,Jimmy}
}
@article {1976421,
	title = {Confidence and Angel Investors: Does Sex Matter?},
	year = {2007},
	month = {2007},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976416,
	title = {Do Men and Women Angels Invest Differently?},
	year = {2007},
	month = {2007},
	address = {Dallas, TX},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1978006,
	title = {Financing Entrepreneurship},
	year = {2007},
	month = {2007},
	address = {OSU Cascades},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978001,
	title = {Financing Entrepreneurship},
	year = {2007},
	month = {2007},
	address = {Tegernsee Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976426,
	title = {The Impact of Gender on Voluntary and Involuntary Executive Departure},
	year = {2007},
	month = {2007},
	address = {Las Vegas, NV},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1979246,
	title = {The Magnet Effect of Price Limits: Evidence from Transactions Data},
	year = {2007},
	month = {2007},
	address = {Hong Kong},
	keywords = {Finance, Supply Chain},
	author = {Hsieh,Ping-Hung and Kim,Yong H. and Yang,Jimmy}
}
@article {1968961,
	title = {Media Reporting of Executive Resignations: Is There a Gender Difference?},
	journal = {Journal of Business and Behavioral Sciences},
	volume = {16},
	year = {2007},
	month = {2007},
	pages = {98-113},
	keywords = {Finance},
	author = {Becker-Blease,John and Elkinawy,Susan and Stater,Mark}
}
@article {1970756,
	title = {Shareholder Protection and the Cost of Capital: Evidence from German and Italian Firms},
	journal = {Statistica Applicata (Italian Journal of Applied Statistics)},
	volume = {18},
	year = {2007},
	month = {2007},
	pages = {153-172},
	abstract = {We investigate the interaction of investor protection, ownership concentration and firms{\textquoteright} financing and investment decisions in a model where investor protection is allowed to vary across firms. Using firm panel data for Italy, we construct firm level variables to capture the degree of investor protection which is specific to the firm and observable by outside shareholders. We find that the stronger the investor protections the lower the fraction of equity that is owned by insiders. We also find that the higher the insider equity ownership the higher the idiosyncratic risk premium in the cost of capital. Finally, our results indicate that the magnitude of capital stock distortions is quite important when shareholder protection is weak and ownership concentration is high.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Rondi,Laura}
}
@article {1969206,
	title = {Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning},
	journal = {Journal of Economics and Finance Education},
	volume = {6},
	year = {2007},
	month = {2007},
	pages = {65-73},
	abstract = {The Dividend Growth Model is a standard pedagogical tool in pricing stocks where the dividend grows at a constant rate. However, few dividend policies conform to this restrictive pattern and therefore the model is often quickly discarded in finance classes. The constant growth assumption of a cash flow stream fits well with other financial problems such as saving for a college education or contributions to a pension plan. This paper presents a couple of applications for the Dividend Growth Model plus an extension to the model and belies the adage: you can{\textquoteright}t teach an old dog new tricks.},
	keywords = {Finance},
	author = {Brooks,Raymond and Yang,Jimmy}
}
@article {1976521,
	title = {Time variability in market risk aversion},
	year = {2007},
	month = {2007},
	keywords = {Finance},
	author = {Berger,Dave}
}
@article {1983881,
	title = {Untitled},
	year = {2007},
	month = {2007},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1982991,
	title = {Untitled},
	year = {2007},
	month = {2007},
	address = {Portland, OR},
	keywords = {Finance},
	author = {Romero,Madeleine}
}
@article {1983886,
	title = {Are banking relations beneficial to established firms? evidence from seasoned equity offerings},
	year = {2006},
	month = {2006},
	address = {Salt Lake City, Utah},
	keywords = {Finance},
	author = {Yang,Jimmy and Liu,Yang}
}
@article {1970761,
	title = {Can Institutional Change Impact High-Technology Firm Growth:  Evidence from Germany{\textquoteright}s Neuer Markt},
	journal = {Journal of Productivity Analysis},
	volume = {25},
	year = {2006},
	month = {2006},
	pages = {9-23},
	abstract = {To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997  the Neuer Markt. To examine whether the Neuer Markt was successful, we compare the relationship between firm size and growth for firms listed on the Neuer Markt and contrast the results with two benchmarks: (1) for German firms prior to the 1990s (to reflect the older traditional manufacturing sector) and (2) for the stylized results for the US. This study provides evidence that not only did many new firms obtain funding from the Neuer Markt; but that for the first time in recent history, Germany succeeded in enabling smaller firms to grow faster than larger firms. This suggests that the new policies were not only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth and innovation within the German economy.},
	keywords = {Finance, OSU-Cascades},
	author = {Audretsch,David  B. and Elston,Julie}
}
@article {1983891,
	title = {Cooling-off effect of price limits: evidence from transactions data},
	year = {2006},
	month = {2006},
	address = {Boston},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong H}
}
@article {1981376,
	title = {The Dynamics of International Information Flow: Evidence from Daily Country FUnds},
	year = {2006},
	month = {2006},
	address = {Salt Lake City, Utah},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen,Chris}
}
@article {1981381,
	title = {The Dynamics of International Information Flow: Evidence from Daily Data on Country Funds},
	year = {2006},
	month = {2006},
	address = {Chicago},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen,Chris}
}
@article {1973281,
	title = {An Examination of the Differential Impact of Regulation FD on Analysts{\textquoteright} Forecast Accuracy},
	journal = {Financial Review},
	volume = {41},
	year = {2006},
	month = {2006},
	pages = {9-31},
	abstract = {Regulation fair disclosure (FD) requires companies to publicly disseminate information, effectively preventing the selective pre-earnings announcement guidance to analysts common in the past. We investigate the effects of Regulation FD{\textquoteright}s reducing information disparity across analysts on their forecast accuracy. Proxies for private information, including brokerage size and analyst company-specific experience, lose their explanatory power for analysts{\textquoteright} relative accuracy after Regulation FD. Analyst forecast accuracy declines overall, but analysts that are relatively less accurate (more accurate) before Regulation FD improve (deteriorate) after implementation. Our findings are consistent with selective guidance partially explaining variation in the forecasting accuracy of analysts before Regulation FD.},
	keywords = {Finance},
	author = {Findlay,S. and Mathew,Prem}
}
@article {1970766,
	title = {Finance, Control and Profitability:  An Evaluation of German Bank Influence},
	journal = {Journal of Economic Behavior and Organization},
	volume = {59},
	year = {2006},
	month = {2006},
	pages = {69-88},
	abstract = {Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where powerful universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the advantages of a bank relation, empirical support is mixed. With a unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of three hypotheses: (1) do bank influenced firms enjoy lower finance costs? (No); (2) is bank influence a solution to control problems? (Yes); (3) do bank influenced firms have higher profitability? (No).},
	keywords = {Finance, OSU-Cascades},
	author = {Chirinko,Robert S. and Elston,Julie}
}
@article {1978016,
	title = {Financing Entrpreneurship},
	year = {2006},
	month = {2006},
	address = {Jena Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976431,
	title = {The Impact of Gender on Voluntary and Involuntary Executive Departure},
	year = {2006},
	month = {2006},
	address = {Charleston, SC},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1979251,
	title = {The magnet effect of price limits: evidence from transactions data},
	year = {2006},
	month = {2006},
	address = {Salt Lake City, Utah},
	keywords = {Finance, Supply Chain},
	author = {Yang,Jimmy and Hsieh,Ping-Hung and Kim,Yong  H.}
}
@article {1979256,
	title = {The Magnet Effect of Price Limits: Evidence from Transactions Data},
	year = {2006},
	month = {2006},
	address = {Seattle, Washington},
	keywords = {Finance, Supply Chain},
	author = {Hsieh,Ping-Hung and Kim,Yong  H. and Yang,Jimmy}
}
@article {1968971,
	title = {Stock Liquidity and Investment Opportunities: Evidence from Index Additions},
	journal = {Financial Management},
	volume = {35},
	year = {2006},
	month = {2006},
	pages = {35-52},
	keywords = {Finance},
	author = {Becker-Blease,John and Paul,Donna}
}
@article {1976451,
	title = {Angel Capital and Women Entrepreneurs},
	year = {2005},
	month = {2005},
	address = {Boston, MA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1974031,
	title = {Is the Book-to-Market a Measure of Risk},
	journal = {Journal of Financial Research},
	volume = {28},
	year = {2005},
	month = {2005},
	pages = {487-502},
	abstract = {We develop a leverage-based alternative to traditional asset pricing models to investigate whether the book-to-market ratio acts as a proxy for risk. We argue that the book-to-market ratio should act as a proxy because of the expected relations between (1) financial risk and measures of capital structure based on the market value of equity and (2) asset risk and measures of capital structure based on the book value of equity. We find no relation between average stock returns and the book-to-market ratio in all-equity firms after controlling for firm size, and an inverse relation between average stock returns and the book-to-market ratio in firms with a negative book value of equity.},
	keywords = {Finance},
	author = {Peterkort,Bob and Nielsen,Jim}
}
@article {1981396,
	title = {The Dynamics of International Information Flow: Evidence from Daily Data on Country Funds},
	year = {2005},
	month = {2005},
	address = {Chicago},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen,Chris}
}
@article {1973291,
	title = {The Effects of Market Inefficiencies on Trading Strategies for Country Funds},
	journal = {International Journal of Finance},
	volume = {16},
	year = {2005},
	month = {2005},
	pages = {2964-84},
	abstract = {Economists disagree about how sensitive country fund prices are to U.S. market returns. We provide additional evidence on this issue through an examination of daily fund discounts. Fund shares provide significant average returns in the three days following large positive and negative discount changes. This finding suggests that large short-term changes in the relation between price and underlying value are not quickly mitigated in the market for country fund shares. Following large negative discount changes, the returns on fund shares and NAVs are of greater magnitude when the S\&P 500 Index declines by more than 1\%. This is consistent with negative changes in U.S. market sentiment affecting both country fund prices and NAVs in the short-term. Simple trading strategies that take advantage of large discount changes around big changes in the U.S. market appear generally profitable even after adjusting for transaction costs. The limited liquidity in country fund shares suggests that it may be difficult to implement such strategies.},
	keywords = {Finance},
	author = {Hughen ,J. Christopher and Mathew,Prem and Ragan,Kent P.}
}
@article {1981391,
	title = {A NAV A DAY Keeps the Inefficiency Away? Fund Trading Strategies Using Daily Values},
	year = {2005},
	month = {2005},
	address = {Chicago},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen,Chris and Ragan,Kent}
}
@article {1973286,
	title = {A NAV a Day Keeps the Inefficiency Away?  Fund Trading Strategies using Daily Values},
	journal = {Financial Services Review},
	volume = {14},
	year = {2005},
	month = {2005},
	pages = {213-230},
	abstract = {Previous research documents the value of closed-end fund trading rules based on the size of theweekly discount. The growing number of closed-end funds that provide daily net asset value data
provides an opportunity to test the profitability of short-term fund trading strategies. We find that
short-term trading strategies that purchase fund shares after large negative discount changes are
profitable, on average, even when transaction costs are incorporated. However, strategies that short
sell fund shares after large positive discount changes do not produce an average profit. The limited
amount of trading in closed-end funds may make it difficult to achieve short-term profits from discount
fluctuations. {\textcopyright} 2005 Academy of Financial Services. All rights reserved.
},
	keywords = {Finance},
	author = {Hughen,J. C. and Mathew,Prem and Ragan,K.}
}
@article {1981386,
	title = {A NAV a Day Keeps the Inefficiency Away?  Fund Trading Strategies using Daily Values},
	year = {2005},
	month = {2005},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen ,J. C. and Ragan,K.}
}
@article {1976436,
	title = {Post-Deregulation Restructuring of the Electric Power Industry},
	year = {2005},
	month = {2005},
	address = {Norfolk, VA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976446,
	title = {The Value of Visibility},
	year = {2005},
	month = {2005},
	address = {Pullman, WA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976441,
	title = {The Value of Visibility},
	year = {2005},
	month = {2005},
	address = {Chicago, IL},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1970771,
	title = {Bank Influence, Firm Performance and Survival},
	journal = {Corporate Ownership and Control},
	volume = {1},
	year = {2004},
	month = {2004},
	pages = {65-71},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1983896,
	title = {Cooling-off and magnet effects of price limits},
	year = {2004},
	month = {2004},
	address = {Kaohsiung, Taiwan},
	keywords = {Finance},
	author = {Yang,Jimmy}
}
@article {1978021,
	title = {Dividend Policy, Agency Costs and Institutional Ownership},
	year = {2004},
	month = {2004},
	address = {Berlin, Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1983901,
	title = {The effect of price limits: initial public offerings vs. seasoned equities},
	year = {2004},
	month = {2004},
	address = {New Orleans LA},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H.}
}
@article {1981401,
	title = {The Effectiveness of VC Firm Involvement in the Japanese IPO Process},
	year = {2004},
	month = {2004},
	keywords = {Finance},
	author = {Mathew,Prem and Hibara ,N.}
}
@article {1973296,
	title = {Grandstanding and Venture Capital Firms in Newly Established IPO Markets},
	journal = {Journal of Entrepreneurial Finance},
	year = {2004},
	month = {2004},
	abstract = {The grandstanding theory posits that young venture capital firms (VCs) will seek to build their reputations by taking ventures public early. In this study, we examine this theory in the Japanese IPO market. With the introduction of MOTHERS and NASDAQ Japan in 1999 and 2000, respectively, with the explicit intent of catering to smaller and younger companies, we are able to examine the influence of these new markets on grandstanding and the IPO process. We find that young lead VC-backed ventures go public at a younger age than mature lead VC-backed ventures and that young lead VC-backed ventures are more underpriced. However, we do not find that young lead VCs have relatively lower equity stakes at IPO. This latter finding is most likely a result of the introduction of the new markets.},
	keywords = {Finance},
	author = {Hibara,Nobuhiko and Mathew,Prem}
}
@article {1969216,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE},
	journal = {Review of Financial Economics},
	volume = {13},
	year = {2004},
	month = {2004},
	pages = {341-356},
	abstract = {We investigate the impact that the opening batch has on trading for the remainder of the day and what impact the prior day{\textquoteright}s trading has on the subsequent day{\textquoteright}s open. Traders have an interest in these trading impacts as their trades may cluster around opening and closing time periods. We find that the larger the volume in the opening batches, the greater the volume across the day. We also find the prior day{\textquoteright}s volume being positively related to the subsequent day{\textquoteright}s opening volume. Combined, these results suggest a continuing pattern of trade volume rolling from one day to the next. Additionally, we find that the spread in the continuous market can be partially attributed to the price change in the opening batch. We also find evidence of opening trade price reversals. Combined with the absence of price reversals following the opening trade, we conclude that the opening process may be more efficient at handling information than the continuous market.},
	keywords = {Finance},
	author = {Brooks,Raymond and Moulton,Jonathan}
}
@article {1976461,
	title = {Post-Deregulation Restructuring of the Electric Power Industry},
	year = {2004},
	month = {2004},
	address = {New Orleans, LA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976456,
	title = {Post-Deregulation Restructuring of the Electric Power Industry},
	year = {2004},
	month = {2004},
	address = {Bern, SW},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1973301,
	title = {A Re-examination of Information Flow in Financial Markets: The Impact of Reg FD and Decimalization},
	journal = {Quarterly Journal of Finance and Accounting},
	volume = {43},
	year = {2004},
	month = {2004},
	pages = {123-147},
	abstract = {We investigate the impact of Regulation FD on information flow in the equities market. Our analysis indicates that information flow around earnings announcements, proxied by abnormal return volatility around those announcements, of U.S. stocks increased in the first effective quarter of Regulation FD (the fourth quarter of 2000). The information flow of ADRs, which are exempt from Regulation FD, does not change. This supports the inference that Regulation FD, not general market conditions, caused the increase in volatility, but Regulation FD did not have a persistent impact on information flow. A multivariate regression analysis shows that our results are robust to controls that include decimalization, which was implemented concurrently with Regulation FD and has reduced return volatility. Our comparison of return volatilities across firm size indicates that small firms temporarily had larger return volatilities, thus Regulation FD only temporarily had a differential impact on the information environment of small firms.},
	keywords = {Finance},
	author = {Mathew,Prem and Hughen,C. and Ragan,K.}
}
@article {1978036,
	title = {Shareholder Protection and the Cost of Capital:  Empirical Evidence from German and Italian Firms},
	year = {2004},
	month = {2004},
	address = {Jena Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978026,
	title = {Valuation Differences under 3 Accounting Standards:  Empirical Evidence from Germany{\textquoteright}s Neuer Markt},
	year = {2004},
	month = {2004},
	address = {Frankfurt, Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978031,
	title = {Valuation Differences under 3 Accounting Standards:  Empirical Evidence from Germany{\textquoteright}s Neuer Markt},
	year = {2004},
	month = {2004},
	address = {Jena, Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1975661,
	title = {What makes circuit breakers attractive to financial markets?  A survey},
	journal = {Financial Markets, Institutions and Instruments},
	volume = {13},
	year = {2004},
	month = {2004},
	pages = {109-146},
	abstract = {After the stock market crash of October 1987, the Brady Report (1988) and several academic researchers suggested the imposition of "circuit breakers" to prevent the market from fluctuating excessively. Most financial markets in the world have imposed circuit breaker systems, in the form of price limits and trading halts, in an attempt to reduce excessive market volatility. Similar to any other regulations, circuit breakers have proponents and opponents. In this survey, we analyze the benefits and costs of each type of circuit breaker, provide existing theoretical models and predictions related to each type of circuit breaker, and present findings from empirical studies to justify or disqualify the existence of circuit breakers. In addition, we synthesize existing studies and offer directions for further research in this area.},
	keywords = {Finance},
	author = {Kim,Yong  H. and Yang,Jimmy}
}
@article {1969211,
	title = {When-Issued Shares, Small Trades and the Variance of Returns around Stock Splits},
	journal = {Journal of Financial Research},
	volume = {27},
	year = {2004},
	month = {2004},
	pages = {415-433},
	abstract = {The increases in volatility after stock splits have long puzzled researchers. The usual suspects of discreteness and bid-ask spread do not provide a complete explanation. We provide new clues to solve this mystery by examining the trading of when-issued shares that are available before the split. When-issued trading permits noise traders to compete with a more homogenous set of traders, decreasing the volatility of the stock before the split. Following the split, these noise traders reunite in one market and volatility increases. Thus, the higher volatility after the ex date of a stock split is a function of the introduction of when-issued trading, the new lower price level after the split date, and the increased activity of small-volume traders around a stock split.},
	keywords = {Finance},
	author = {Angel,James and Brooks,Raymond and Mathew,Prem}
}
@article {1978041,
	title = {Dividend Policy, Agency Costs and Institutional Ownership in Germany},
	year = {2003},
	month = {2003},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978046,
	title = {Dividend Policy, Agency Costs and Institutional Ownership in Germany},
	year = {2003},
	month = {2003},
	address = {Tampa FL},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976466,
	title = {Does Inclusion in a Smaller S\&P Index Create Value?},
	year = {2003},
	month = {2003},
	address = {Denver, CO},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976471,
	title = {Does Inclusion in a Smaller S\&P Index Create Value?},
	year = {2003},
	month = {2003},
	address = {Quebec City, Quebec},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1970776,
	title = {Executive Compensation and Agency Costs in Germany},
	journal = {Journal of Banking \& Finance},
	volume = {27},
	year = {2003},
	month = {2003},
	pages = {1391-1410},
	abstract = {With the growth of international mergers like DaimlerChrysler, interest in executive compensation practices abroad, particularly in Germany, has increased. Using unique data sources for Germany, we find that similar to US firms, German firms also have agency problems caused by the separation of ownership from control, with ownership dispersion leading to higher compensation. In addition, there is evidence that bank influence has a negative impact on compensation.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Goldberg,Larry}
}
@article {1978071,
	title = {Finance, Profitability and Control:  An Evaluation of German Bank Influence},
	year = {2003},
	month = {2003},
	address = {San Diego, CA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970781,
	title = {Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data},
	journal = {Review of Economics and Statistics},
	volume = {85},
	year = {2003},
	month = {2003},
	pages = {153-165},
	abstract = {We construct company panel data sets for manufacturing firms in Belgium, France, Germany, and the United Kingdom, covering the period 1978-1989. These data sets are used to estimate empirical investment equations, and to investigate the role played by financial factors in each country. A robust finding is that cash flow and profits terms appear to be both statistically and quantitatively more significant in the United Kingdom than in the three continental European countries. This is consistent with the suggestion that financial constraints on investment may be relatively severe in the more market-oriented U.K. financial system.},
	keywords = {Finance, OSU-Cascades},
	author = {Bond,Stephen and Elston,Julie and Mairesse,Jacques and Mulkay,Benoit}
}
@article {1978076,
	title = {Financing Technology Growth in the 21st Century:  Can Policy Make a Difference?},
	year = {2003},
	month = {2003},
	address = {Fairfax, VA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978056,
	title = {Financing Technology Growth in the 21st Century:  Germany in Transition},
	year = {2003},
	month = {2003},
	address = {Fullerton, CA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978061,
	title = {Financing Technology Growth in the 21st Century:  Germany in Transition},
	year = {2003},
	month = {2003},
	address = {Albany, NY},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978066,
	title = {Financing Technology Growth in the 21st Century:  Germany in Transition},
	year = {2003},
	month = {2003},
	address = {TX},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969221,
	title = {How the Equity Market Responds to Unanticipated Events},
	journal = {Journal of Business},
	volume = {76},
	year = {2003},
	month = {2003},
	pages = {109-133},
	abstract = {We examine the market reaction of prices, volume, spreads, and trading location when firms experience events that are totally unanticipated by the equity market in terms of both timing and content. We find that the response time is longer than previous studies have reported. Selling pressure, wider spreads, and higher volume remain significant for over an hour. We also find an immediate price reaction for overnight events; however, the market takes longer to react to events that occur when it is open. These findings may shed light on the efficacy of trading halts.},
	keywords = {Finance},
	author = {Brooks,Raymond and Patel,Ajay and Su,Tie}
}
@article {1983906,
	title = {Price limits and overreaction},
	year = {2003},
	month = {2003},
	address = {Denver CO},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H.}
}
@article {1983911,
	title = {The relative performance between price limits and trading halts: Spanish evidence},
	year = {2003},
	month = {2003},
	address = {Denver CO},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H. and Yague,Jose}
}
@article {1983916,
	title = {The relative performance between price limits and trading halts: Spanish evidence},
	year = {2003},
	month = {2003},
	address = {Corvallis, OR},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim ,Yong  H. and Yague,Jose}
}
@article {1976481,
	title = {Stock Liquidity and Investment Opportunities},
	year = {2003},
	month = {2003},
	address = {Pullman, WA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976476,
	title = {Stock Liquidity and Investment Opportunities},
	year = {2003},
	month = {2003},
	address = {Charleston, SC},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976576,
	title = {Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning Problems},
	year = {2003},
	month = {2003},
	address = {St. Louis},
	keywords = {Finance},
	author = {Brooks,Raymond}
}
@article {1978051,
	title = {Untitled},
	year = {2003},
	month = {2003},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1981611,
	title = {"California Electricity Futures: The NYMEX Experience"},
	year = {2002},
	month = {2002},
	keywords = {Finance},
	author = {Moulton,Jonathan}
}
@article {1978101,
	title = {Changing Policies and New Economic Growth:  Germany in Transition},
	year = {2002},
	month = {2002},
	address = {Bloomington IN},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978106,
	title = {Changing Policies and New Economic Growth:  Germany in Transition},
	year = {2002},
	month = {2002},
	address = {Malibu CA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978086,
	title = {The Digital Economy?},
	year = {2002},
	month = {2002},
	address = {Orlando FL},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1973306,
	title = {Long-Horizon Seasoned Equity Performance in the Pacific Rim Financial Markets},
	journal = {Review of Financial Economics},
	volume = {11},
	year = {2002},
	month = {2002},
	pages = {317-333},
	abstract = {Previous studies of firms that issue seasoned equity in the US and Japan have found that these firms significantly underperform over the long-run subsequent to the issue. I offer further evidence of this by examining Japanese seasoned offerings (SEOs) from 1975 to 1992. I find similar results for firms issuing seasoned equity in Hong Kong. However, I also find that Korean SEOs generate insignificant abnormal returns over a 36-month period following the issue. These results suggest that the asymmetric information argument offered for the US and Japanese markets do not always hold, especially in markets where the regulatory and market structures vary greatly. Cross-sectional results suggest that younger firms tend to perform worse than older firms.},
	keywords = {Finance},
	author = {Mathew,Prem}
}
@article {1978096,
	title = {A Preliminary Examination of the Relationship Between Firm Size, Growth, and Liquidity in the Neuer Markt},
	year = {2002},
	month = {2002},
	address = {Atlanta, GA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978081,
	title = {A Preliminary Examination of the Relationship Between Firm Size, Growth, and Liquidity in the Neuer Markt},
	year = {2002},
	month = {2002},
	address = {Seattle WA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1983921,
	title = {The relative performance between price limits and trading halts: Spanish evidence},
	year = {2002},
	month = {2002},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H. and Yague,Jose}
}
@article {1976486,
	title = {Stock Liquidity and Investment Opportunities},
	year = {2002},
	month = {2002},
	address = {Babson Park, MA},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1976491,
	title = {Stock Liquidity and Investment Opportunities},
	year = {2002},
	month = {2002},
	address = {San Antonio, TX},
	keywords = {Finance},
	author = {Becker-Blease,John}
}
@article {1978091,
	title = {What{\textquoteright}s New About the New Economy?},
	year = {2002},
	month = {2002},
	address = {Winter Park FL},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970786,
	title = {Bank-firm relationships, financing and firm performance in Germany},
	journal = {Economic Letters},
	volume = {72},
	year = {2001},
	month = {2001},
	pages = {225-232},
	abstract = {Close bank{\textquotedblright}firm relationships that characterize the financial systems in Germany and Japan are often credited for reducing agency costs and increasing access to capital, thus improving the performance of firms. Critics of these banking systems cite the alternative possibility that conflicts of interests may also arise from both the banks{\textquoteright} multiple roles with the firm, and the opportunity the banks have to use private information to shift risk or to otherwise participate in rent-seeking activities. We extend the empirical literature by systematically investigating the impact of bank-influence on the financing choices and performance of the firm. We find that bank-influenced firms in Germany do benefit from increased access to capital. There is, however, no evidence to support the hypothesis of either higher profitability or growth for bank-influenced firms. Results suggest that the interest payments to debt ratio is significantly higher for bank-influenced firms, which supports the hypothesis that German universal banks may engage in rent-seeking activities and provides evidence of a conflicting interests between creditors and shareholders.},
	keywords = {Finance, OSU-Cascades},
	author = {Agarwal,Rajshree and Elston,Julie}
}
@article {1970791,
	title = {Does firm size matter? Evidence on the impact of liquidity constraints on firm investment behavior in Germany},
	journal = {International Journal of Industrial Organization},
	volume = {20},
	year = {2001},
	month = {2001},
	pages = {1-17},
	abstract = {This paper examines the link between liquidity constraints and investment behavior for German firms of different sizes from 1970 to 1986. Results indicate that medium sized firms appear to be more liquidity constrained in their investment behavior than either the smallest or largest firms in the study, suggesting that the unique German infrastructure designed to assist the small firm has indeed succeeded in alleviating, to some degree, such liquidity constraints. Findings also support the hypothesis that the emerging competition and internationalism which characterized the German financial markets in the 1980s, have been improving access to capital for some groups of firms.},
	keywords = {Finance, OSU-Cascades},
	author = {Audretsch,David  B. and Elston,Julie}
}
@article {1978116,
	title = {Executive Compensation and Agency Costs in Germany},
	year = {2001},
	month = {2001},
	address = {Dublin Ireland},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Goldberg,Larry}
}
@article {1978126,
	title = {Growth of Neuer Markt Firms},
	year = {2001},
	month = {2001},
	address = {Washington DC},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1983936,
	title = {The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange},
	year = {2001},
	month = {2001},
	address = {Cleveland OH},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H.}
}
@article {1983926,
	title = {The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange},
	year = {2001},
	month = {2001},
	address = {Toronto, Canada},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H.}
}
@article {1983931,
	title = {The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange},
	year = {2001},
	month = {2001},
	keywords = {Finance},
	author = {Yang,Jimmy and Kim,Yong  H.}
}
@article {1978121,
	title = {The Neuer Markt: Real and Financial Factors,},
	year = {2001},
	month = {2001},
	address = {Frankfurt, Germany},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969231,
	title = {The Performance of Firms Before and After They Adopt Accounting-Based Performance Plans},
	journal = {Quarterly Review of Economics and Finance},
	volume = {41},
	year = {2001},
	month = {2001},
	pages = {205-222},
	abstract = {This paper examines the long-run performance of firms before and after they adopt accounting-based performance plans. We test if the change in compensation policy is a response to a prior performance problem or is a signal to the market that firm performance will improve over current performance levels. Our findings are consistent with the signaling hypothesis. Stock prices increase at the announcement of the adoption of a performance plan apparently signaling previously private information regarding improved future performance. A related benefit of adoption may well be a better incentive-alignment contract for managers and shareholders but the strongest evidence points to a credible disclosure of future performance.},
	keywords = {Finance},
	author = {Brooks,Raymond and May,Don O. and Mishra,Chandra}
}
@article {1968536,
	title = {Using Decision Trees to Manage Capital Budgeting Risk},
	journal = {Management Accounting Quarterly},
	year = {2001},
	month = {2001},
	pages = {14-17},
	abstract = {Forest products companies are particularly suited to using decision trees for capital budgeting because they must take environmental and social responsibilities into account as they pursue bottom line results.},
	keywords = {Accounting, Finance},
	author = {Bailes,Jack and Nielsen,Jim}
}
@article {1978111,
	title = {What{\textquoteright}s New About the New Economy},
	year = {2001},
	month = {2001},
	address = {Washington DC},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1979401,
	title = {Finance for Sourcing Professionals},
	year = {2000},
	month = {2000},
	address = {H-P sites in Corvallis, Oregon; Dublin Ireland; Aguadilla Puerto Rico; and Singapore},
	keywords = {Accounting, Finance, MBA},
	author = {Johnson,Robert}
}
@article {1969226,
	title = {Information Conveyed by Seasoned Security Offerings: Evidence from Components of the Bid-Ask Spread},
	journal = {Review of Financial Economics},
	volume = {9},
	year = {2000},
	month = {2000},
	pages = {83-99},
	abstract = {We examine the relationship between the degree of informational asymmetry surrounding a firm and the equity market{\textquoteright}s reaction to a firm{\textquoteright}s announcement to sell seasoned securities. We use the adverse-selection component of the bid{\textquotedblright}ask spread as a proxy for the informational asymmetry of a firm. For equity offers, we find that the greater the change in information asymmetry at announcement, the greater the decline in wealth. In addition, the largest decline in wealth for seasoned equity announcements is observed for firms with the largest level of pre-event adverse-selection components. For debt offers, the wealth decline is only significant for firms with the largest pre-event levels of asymmetric information.},
	keywords = {Finance},
	author = {Brooks,Raymond and Patel,Ajay}
}
@article {1979396,
	title = {Instructional and presentation materials on Corporate Governance and Financial Performance Measures},
	year = {2000},
	month = {2000},
	keywords = {Accounting, Finance, MBA},
	author = {Johnson,Robert}
}
@article {1981616,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade:  Evidence from the NYSE and AMEX Exchanges},
	year = {2000},
	month = {2000},
	keywords = {Finance},
	author = {Moulton,Jonathan}
}
@article {1976581,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE and AMEX},
	year = {2000},
	month = {2000},
	address = {Myrtle Beach},
	keywords = {Finance},
	author = {Brooks,Raymond and Moulton,Jonathan}
}
@article {1969236,
	title = {A Statistical Assessment of Accounting-Based Performance Plans},
	journal = {World at Work Journal},
	volume = {9},
	year = {2000},
	month = {2000},
	pages = {68-73},
	keywords = {Finance},
	author = {Brooks,Raymond and Mishra,Chandra}
}
@article {1978131,
	title = {Executive Compensation and Agency Costs},
	year = {1999},
	month = {1999},
	address = {San Diego CA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978136,
	title = {Funding Gaps in Germany Industry},
	year = {1999},
	month = {1999},
	address = {Warwick, England},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976591,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE and AMEX},
	year = {1999},
	month = {1999},
	address = {Orlando, FL},
	keywords = {Finance},
	author = {Brooks,Raymond and Moulton,Jonathan}
}
@article {1969241,
	title = {Large Price Movements and Short-Lived Changes in Spreads, Volume, and Selling Pressure},
	journal = {Quarterly Review of Economics and Finance},
	volume = {39},
	year = {1999},
	month = {1999},
	pages = {303-316},
	abstract = {In this paper we examine changes in dollar and relative bid-ask spreads of stocks following large price movements. We investigate large increases and decreases separately and link our results to current market microstructure theories on trading activities and spreads. We also look at changes in volume and selling pressure to interpret the changes in trading activity. Our results show that the market reacts differently to price increases and decreases. For large price decreases, trading increases on the sell side even when spreads have increased. For large price increases, trading increases on the buy side during a period of higher spreads. However, the increases in dollar spreads and price pressure are most pronounced at the end of trading day. Our results are consistent with microstructure models that link trading activities and costs to the level of asymmetric information.},
	keywords = {Finance},
	author = {Brooks,Raymond and Park ,Jinwoo and Su,Tie}
}
@article {1970796,
	title = {Market Linkages Between the US and Japan: An Application to the Fisheries Industry},
	journal = {Japan and the World Economy},
	volume = {11},
	year = {1999},
	month = {1999},
	pages = {517-530},
	abstract = {Recent trends in globalization of Pacific Basin commodity markets raises important questions concerning the nature of market integration and price linkages. This paper examines this issue by testing for price linkages between the United States and Japan for two species whose exports from the U.S. to Japan have risen considerably over the past decade. Empirical results indicate segmentation of price linkages for sablefish but probable price linkages for some thornyhead markets. Findings suggest that markets for these species may be less sensitive to price changes in Japan than would be expected based on commodity flows.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1976586,
	title = {When-Issued Shares, Small Traders and the Variance of Returns around Stock Splits},
	year = {1999},
	month = {1999},
	address = {New York, NY},
	keywords = {Finance},
	author = {Brooks,Raymond and Angel,James J. and Mathew,Prem}
}
@article {1969251,
	title = {CEO Presentations to Financial Analysts: Much Ado About Nothing?},
	journal = {Financial Practice and Education},
	volume = {7},
	year = {1997},
	month = {1997},
	pages = {19-28},
	keywords = {Finance},
	author = {Brooks,Raymond and Johnson,Marilyn F}
}
@article {1970801,
	title = {Financing the German Mittelstand},
	journal = {Small Business Economics},
	volume = {9},
	year = {1997},
	month = {1997},
	pages = {97-110},
	abstract = {This paper describes how the German Mittelstand, or small- and medium-sized enterprises, are financed in Germany. The role of the German Mittelstand, both in a static and in a dynamic framework, is described and contrasted with that of the same size group in other leading industrialised countries. We find that in general, the Mittelstand has played a mmore important role in Germany than in other industrialised nations, such as the United States or the United Kingdom. The traditional success of the German Mittelstand is partly attributable to a system of finance that is richly layered by complementary institutions designed to meet the financial needs of both large and smaller enterprises. However, we find evidence that even under the German system of finance liquidity constraints exist and are greater for smaller firms. The German system of finance moreover seems particularly deficient in the channeling of funds to new firm startups in the newer industries.},
	keywords = {Finance, OSU-Cascades},
	author = {Audretsch,David and Elston,Julie}
}
@article {1969256,
	title = {The Individual Investor and the Weekend Effect: A Reexamination with Intraday Data},
	journal = {Quarterly Review of Economics and Finance},
	volume = {37},
	year = {1997},
	month = {1997},
	pages = {725-737},
	keywords = {Finance},
	author = {Brooks,Raymond and Kim,Hongshik}
}
@article {1969246,
	title = {A Simple Cost Reduction Strategy for Liquidity Traders: Trade at the Opening},
	journal = {Journal of Financial and Quantitative Analysis},
	volume = {32},
	year = {1997},
	month = {1997},
	pages = {525-540},
	keywords = {Finance},
	author = {Brooks,Raymond and Su,Tie}
}
@article {1969266,
	title = {Changes in Asymmetric Information at Earnings and Dividend Announcements},
	journal = {Journal of Business Finance and Accounting},
	volume = {23},
	year = {1996},
	month = {1996},
	pages = {359-378},
	keywords = {Finance},
	author = {Brooks,Raymond}
}
@article {1970811,
	title = {Dividend policy and investment: Theory and evidence from US panel data},
	journal = {Managerial and Decision Economics},
	volume = {17},
	year = {1996},
	month = {1996},
	pages = {267-275},
	abstract = {This paper examines the importance of dividend policy and liquidity constraints in the context of the firm{\textquoteright}s investment behaviour. While early financial literature has argued that dividend policy should be independent of firm investment decisions, recent studies indicate that linkages are probable in a world of imperfect capital markets. This study develops an alternative Q specification which incorporates the actual dividend payment of the firm in order to test the hypothesis of independence. Empirical results suggest that after controlling for the firm{\textquoteright}s dividend payment, liquidity constraints remain an important determinant of firm investment behavior.},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978141,
	title = {Finance, Control and Profitability: An Evaluation of German Bank Influence},
	year = {1996},
	month = {1996},
	address = {Pasadena CA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1978146,
	title = {Finance, Control and Profitability: An Evaluation of German Bank Influence},
	year = {1996},
	month = {1996},
	address = {San Francisco CA},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1970806,
	title = {Le Financement de la Mittelstand Allemande},
	journal = {Revue Internationale : Petite et Moyenne Enterprise (PME)},
	volume = {8},
	year = {1996},
	month = {1996},
	pages = {121-147},
	keywords = {Finance, OSU-Cascades},
	author = {Audretsch,David and Elston,Julie}
}
@article {1969261,
	title = {Performance of Stoll{\textquoteright}s Spread Component Estimator: Evidence from Simultaions, Time-Series, and Cross-Sectional Data},
	journal = {Journal of Financial Research},
	volume = {29},
	year = {1996},
	month = {1996},
	pages = {459-476},
	keywords = {Finance},
	author = {Brooks,Raymond and Masson,Jean}
}
@article {1970816,
	title = {Banks, Finance and Investment in German: A Review Article},
	journal = {Small Business Economics},
	volume = {7},
	year = {1995},
	month = {1995},
	pages = {475-479},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
@article {1969271,
	title = {A Bias in Closing Prices: The Case of the When Issued Anomaly},
	journal = {Journal of Financial and Quantitative Analysis},
	volume = {30},
	year = {1995},
	month = {1995},
	pages = {441-454},
	keywords = {Finance},
	author = {Brooks,Raymond and Chiou,Shur-Nuann}
}
@article {1970821,
	title = {Bank Affiliations and Firm Capital Investment in Germany},
	journal = {IFO Studien: Zeitschrift fur Empirische Wirtschaftsforschung},
	volume = {1},
	year = {1994},
	month = {1994},
	pages = {1-15},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie and Albach,Horst}
}
@article {1969281,
	title = {Bid-Ask Spread Components Around Anticipated Announcements},
	journal = {Journal of Financial Research},
	volume = {27},
	year = {1994},
	month = {1994},
	pages = {375-386},
	keywords = {Finance},
	author = {Brooks,Raymond}
}
@article {1969276,
	title = {Dividen Predicting Using Put-Call Parity},
	journal = {International Review of Economics and Finance},
	volume = {3},
	year = {1994},
	month = {1994},
	pages = {373-392},
	keywords = {Finance},
	author = {Brooks,Raymond}
}
@article {1978151,
	title = {Does Firm Size Matter? Evidence on the Impacts of Liquidity Constraints on firm Investment Behavior in Germany},
	year = {1994},
	month = {1994},
	address = {Chania, Greece},
	keywords = {Finance, OSU-Cascades},
	author = {Elston,Julie}
}
