Faculty Publications

The faculty of the Department of Finance have written and/or edited a number of scholarly texts, and regularly contribute to journals within their discipline.  Below are a few of their most recent faculty publications:

CURRENT PUBLICATIONS

Books

Fundamentals of Investment Management, 10th edition
Geoffrey A. Hirt (DePaul University), Stanley B. Block (Texas Christian University)
Hardcover, 688 pages, 2012, ISBN-13 9780078034626

Chapter 11: Asset Bubbles by Werner De Bondt in New Perspectives on Asset Price Bubbles
editors Evanoff, Kaufmann, & Malliaris; Oxford University Press- New York, 2012

Articles

Vu, Joseph; "Do momentum strategies generate profits in emerging stock markets?"
Problems and Perspectives in Management, Volume 10, Issue 3, 2012

In the News
Jacobs, Thomas; "Dodd-Frank Not Likely to End Bailouts as Promised"
Heartlander, July 2012;
http://news.heartland.org/newspaper-article/2012/07/16/dodd-frank-not-likely-end-bailouts-promised 

PUBLISHED IN 2011

Books
 
Foundations of Financial Management with Time Value of Money, 14th edition
Geoffrey A. Hirt, DEPAUL UNIVERSITY, Bartley Danielsen, North Caroline University
Hardcover, 736 pages, 2011, ISBN-13 9780077454432
 
Business: A Changing World, 8th edition
O.C. Ferrell, University of New Mexico-Albuquerque, Geoffrey A. Hirt, DePaul University, Linda Ferrell, University of New Mexico- Albuquerque
Softcover, 2011, ISBN-13 9780077473907
 
Journals
 
Listed alphabetically by journal:

College Teaching:
 
Thomas Berry, Lori Cook; Nancy Hill; Kevin Stevens, "An Exploratory Analysis of Textbook usage and Study Habits: Misperceptions and Barriers to Success," 2011.
 
Culture & Psychology:
 
Karent Hunt-Ahmed, "Finding a Jewel: Identity and Gendered Space in Islamic Finance," 2011.
 
The Financial Review:
 
Daniel Deli et al., "Investors Do Respond to Poor Mutual Fund Performance: Evidence from Inflows and Outflows," 2011.
 
Global Finance Journal:
 
Karim Pakravan, "Banking 3.0- On the Design of Financial Regulatory Systems: The Case for Simple Rules," 2011.
 
International Journal of Education Research:
 
Thomas Berry and Amber Settle, "Learning Style Differences," 2011.
 
Journal of Academy of Finance:
 
Joan Junkus, "Improvements in NYSE Trading and Information Technology: 1878-1984," 2011.
 
Journal of Banking & Finance:
 
Lucy Chernykh & Rebel A. Cole, "Does deposit insurance improve financial intermediation? Evidence from the Russian experiment," 2011.
 
Journal of Behavioral Finance:
 
Keith Gamble, Anagol, S. "Does Presenting Investment Results Asset by Asset Lower Risk Taking?" 2011
 
International Journal of Education Research:
 
Thomas Berry and Amber Settle, "Learning Style Differences," 2011.
 
Journal of Academy of Finance:
 
Joan Junkus, "Improvements in NYSE Trading and Information Technology: 1878-1984," 2011.
 
Journal of Business Ethics:
 
Joan Junkus & Thomas Berry, "Socially Responsible Investing: An Investor Perspective." 2011.
 
Journal of Financial Economics:
 
Douglass Evanoff, Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Comsisengphet, "The Role of Securitization in Mortgage Renegotiation," 2011.
 
Journal of Financial Markets:
 
Keith Gamble, Thomas Berry, "Local Trading Prior to Earnings Announcement," 2011.
 
Journal of Financial Services Research:
 
Rebel A. Cole and Lawrence J. White, "Deja Vu All Over Again: The Causes of U.S. Commercial Bank Failures This Time Around," 2011.
 
Elijah Brewer, "How Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systemically Important?" 2011
 
Journal of Learning in Higher Education:
 
Thomas Berry, "Success in Gateway Courses: What Matters and What Can We Do?" 2011.
 
Journal of Portfolio Management:
 
Susanne E. Cannon and Rebel A. Cole, "How Accurate are Commercial Real Estate Appraisals? Evidence from 25 Years of NCREIF Sales Data," 2011.
 
Journal of Real Estate Finance and Economics:
 
Susanne E. Cannon and Rebel A. Cole, "Changes in REIT Liquidity 1988-2007: Evidence from Daily Data," 2011.
 
Journal of Sports Economics:
 
Daniel Deli, "Assessing the Relative Importance of Inputs to a Production Function: Getting on Base versus Hitting for Power," 2011.
 
Review of Asset Pricing Studies:
 
Hirschleifer, D., Lim, S. Teoh, S.H. "Limited Investor Attention and Stock Market Misreactions to Accounting Information." 2011.
 
Real Estate Review:
 
Susanne E. Cannon, Thomas Berry, "Victory Centre at Roseland," 2011.
 

PUBLISHED IN 2010

Listed alphabetically by journal:

American Economic Review:
 
Douglas Evanoff, Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, “Learning to Cope: Voluntary Financial Education and Loan Performance During a Housing Crisis,” 2010.
 
Dubai School of Government Policy Brief:
 
Karim Pakravan, “Global Financial Architecture, Global Imbalances and the Future of the Dollar in a Post-Crisis World,” 2010.
 
Financial Review:
 
Daniel Deli, Mukunthan Santhanakrishnan “Syndication in Venture Capital Financing,” 2010.
 
International Journal of Islamic and Middle Eastern Finance and Management:
 
Karen Hunt-Ahmed, William Marty Martin, “Executive compensation: The Role of Shari'a Compliance,” 2010.
 
Journal of Business and Policy Research:
 
James Booth and Daniel Deli, “Choice of Underwriters in Initial Public Offerings,” 2010.
 
Journal of Economics and Business:
 
Douglas Evanoff, Julapa A. Jagtiani   and Taisuke Nakata, “Enhancing Market Discipline in Banking: The Role of Subordinated Debt in Financial Reform,” 2010.
 
Journal of Entrepreneurial Finance:
 
Ang, James S., Rebel A. Cole and Dan Lawson," The role of owner in capital structure decisions: An analysis of single-owner corporations," 2010.
 
Journal of Finance: 
 
Jose Liberti, Atif R. Mian, “Collateral Spread and Financial Development,” 2010.
Jose Liberti, Andrew Hertzberg, Daniel Paravisini, “Information and Incentives Inside the Firm: Evidence from Loan Officer Rotation,” 2010.
Jose Liberti, Daniel Paravisini , Andrew Hertzberg, “Public Information and Coordination: Evidence From a Credit Registry Expansion,” 2010.
 
Journal of Financial & Quantitative Analysis:
 
Berkman, Henk, Rebel A. Cole and Lawrence J. Fu," Political connections and minority-shareholder protection: Evidence from securities-market regulation in China," 2010.
 
Journal of Financial Regulation and Compliance:
 
Elijah Brewer and Ann Marie Klingenhagen, “Be Careful What You Wish For: The Stock Market Reactions to Bailing Out Large Financial Institutions: Evidence from the USA,” 2010.
 
Journal of Money, Credit & Banking:
 
Douglas Evanoff, Drew Dahl, Michael F. Spievey, “The Community Reinvestment Act and Targeted Mortgage Landing,” 2010.
 
Journal of Financial Regulation and Compliance:
 
Karim Pakravan, “Global Financial Architecture, Global Imbalances and the Future of the Dollar,” 2010.
 
Liber Amicorum Frans Tempelaar:
 
Werner DeBondt, “The Behavioral Revolution in Finance,” 2010.
 
Managerial Finance:
 
Thomas Berry and Joan Junkus, “The Demographic Profile of Socially Responsible Investors,” 2010.
          
Nase Gospodarstvo:
 
Adam Gehr, “Price Determination in a Simple Market with and without Short Sales,” 2010.
 
Organizational Behavior and Human Decision Processes:
 
Sonya Lim, Hal R. Arkes, David Hirshleifer, Danling Jian “A Cross-Cultural Study of Reference Point Adaptation: Evidence from China, Korea, and the US,” 2010.
 
Oxford University Press:
 
Douglas Evanoff, Sumit Agarwal , Gene Amromin, Itzhak Ben-David , Souphala Chomsisengphet, “Financial Counseling, Financial Literacy, and Household Decision Making,” 2010
 
PRMIA Newsletter:
 
Joan Junkus, “Country Risk,” 2010.
 
Qualitative Research in Financial Markets:
 
Werner DeBondt, “The Crisis of 2008 and Financial Reform,” 2010.
Werner DeBondt, William Forbes, Paul Hamalainen, and Yaz Gulnur Muradoglu, “What Can Behavioral Finance Teach Us About Finance?” 2010.
 
Review of Financial Studies:
 
Ann Sherman, Yao-Min Chiang, David Hirshleifer, and Yiming Qian, “Do Investors Learn From Experience? Evidence from Frequent Bidders in Taiwan's IPO Auctions,” 2010.
Ann Sherman, Yao-Min Chiang, Yiming Qian,  “Endogenous Entry and Partial Adjustment in IPO Auctions: Are Institutional Investors Better Informed?” 2010.
 

PUBLISHED IN 2009

Listed alphabetically by journal:

Business Islamica:
 
Karen Hunt-Ahmed, “What Does Islamic Finance Want to be When It Grows Up?” 2009.
 
Journal of Banking & Finance:
 
Berkman, Henk, Rebel A. Cole and Lawrence J. Fu," Expropriation through loan guarantees to related parties: Evidence from China," 2009.
 
Journal of Finance:
 
Sonya Lim, David Hirshleifer, Siewhong Teoh, “Driven to Distraction: Extraneous Events and Underreaction to Earnings News,” 2009.
 
Journal of Financial Markets:
 
Daniel Deli, George D. Cashman “Locating Decision Rights: Evidence from the Mutual Fund Industry,” 2009.
 
 Journal of Financial Services Research:
 
Douglas Evanoff, Robert DeYoung, and Philip Molyneux, “Editor's Introduction: Special Issue on Mergers and Acquisitions of Financial Institutions,” 2009.
 
Douglas Evanoff, Robert DeYoung, and Philip Molyneux, “Mergers and Acquisitions of Financial Institutions: A Review of Post-2000 Literature,” 2009.
 
Journal of Quantitative Finance
 
Jack Mosevich, Massimo Di Pierr, “Effects of Skewness and Kurtosis on Portfolio Rankings,” 2009.
 
Review of Financial Studies:
 
Jose Liberti, Atif R. Mian “Estimating the Effect of Hierarchies on Information Use,” 2009.
 

PUBLISHED IN 2008

Listed alphabetically by journal:

American Journal of Business Education:
 
Thomas Berry, “Pretest Assessment,” 2008.
 
European Journal of Finance:
 
Werner DeBondt, “Bubbles in World Equity Markets,” 2008.
 
Journal of Academy of Finance:
 
Thomas Berry and Joan Junkus, “The Financial Performance of SRI Excluded Firms,” 2008.
 
Journal of Applied Corporate Finance:
 
Sanjay Deshmukh, Keith Howe and Carl Luft, “Stock Option Expensing: The Role of Corporate Governance,” 2008.
 
Journal of Applied Finance:
 
Werner DeBondt, Gulnur Muradoglu,. Hersh Shefrin, and Sotiris K. Staikouras “Behavioral finance: Quo vadis?” 2008.
 
Journal of Banking & Finance:
 
Cole, Rebel A., Fariborz Moshirian and Qionbing Wu,"Bank stock returns and economic Growth," 2008.
 
Journal of Economic Psychology:
 
Ali Fatemi, Sanjay Deshmukh and Iraj J. Foolad “Complexity of Information and Trading Behavior: The Case of Dividend Increase Announcements,” 2008.
 
Journal of Financial Services Research:
 
Elijah Brewer, George G. Kaufman, and Larry D. Wall  “Bank Capital Ratios Across Countries: Why Do They Vary?” 2008.
 
Korea's Economy:
 
Karim Pakravan, “Financial Asia Rising: Asian Stock Markets in the New Millennium,” 2008.
 
 Management Science:
 
Sonya Lim, Alok Kumar “How Do Decision Frames Influence the Stock Investment Decisions of Individual Investors?” 2008.
 
Municipal Finance Journal:
 
James Booth, Eric Fruits, Randall Pozdena, and Richard Smith, “A Comprehensive Evaluation of the Comparative Cost of Negotiated and Competitive Methods of Municipal Bond Issuance,” 2008.
 
Organizational Behavior and Human Decision Processes:
 
Sonya Lim, Hal R. Arkes, David Hirshleifer, Danling Jian “Reference Point Adaptation: Tests in the Domain of Security Trading,” 2008.
 
Revue Economique et Sociale:
 
Werner DeBondt, “Investor Psychology and International Equity Markets,” 2008.
 
Strategic Management Journal:
 
Sonya Lim, Heli Wang “Real Options and Real Value: The Role of Employee Incentives to Make Specific Knowledge Investments,” 2008.
 
The Message:
 
Karen Hunt-Ahmed, “Islamic Finance World Summit: New from Participant,” 2008.
 

PUBLISHED IN 2007

Listed alphabetically by journal:

Advances in Quantitative Analysis of Finance and Accounting:

Joseph Vu, “Equity Restructuring Via Tracking Stocks: Is there any Value Added?” 2007.

Financial History:

Joan Junkus, “Creative Financing of a Planned Community: F.L. Olmstead and the Riverside Improvement Company,” 2007.

Advances In Quantitative Analysis Of Finance And Accounting:
 
Joseph Vu and  Beni Lauterbach, “Equity Restructuring Via Tracking Stocks: Is There Any Value Added? “ 2007.
 
Financial History:
 
Joan Junkus, “Creative Financing of a Planned Community: F. L. Olmsted and the Riverside Improvement Company,” 2007.
 
Journal of Academy of Finance:
 
Joan Junkus, “Today is a 7: A Test of Investing Using Astrology,” 2007.
 
Journal of Economic Behavior and Organization:
 
Sonya Lim and Heli Wang, “The Effect of Financial Hedging on the Incentives for Corporate Diversification: The Role of Stakeholder Firm-Specific Investments,” 2007.
 
Journal of Risk and Insurance:
 
Elijah Brewer, James M. Carson, Elyas Elyasiani, Iqbal Mansur, and William L. Scott, “Interest Rate Risk and Equity Values of Life Insurance Companies: A Garch-M Model,” 2007.
 
Journal of Small Business Management:
 
Elijah Brewer, “On Lending to Small Firms,” 2007.
 
International Business & Economics Research Journal:
 
Thomas Berry and  Omur Suer, “Trust and Investments Across Cultures,” 2007.
 
The Journal of Performance Measurement:
 
Jack Mosevich and M. Di Pierro, “Portfolio Rankings With Skewness and Kurtosis,” 2007.
 

PUBLISHED IN 2006

Listed alphabetically by journal:

Financial Management:
 
Sanjay Deshmukh and Keith Howe and Carl Luft , “Executive Stock Options: To Expense or Not? “ 2006.
 
Journal of Academy of Finance:
 
Thomas Berry, “Closed-end Fund Discounts as Sentiment Indices,” 2006.
 
Journal of Banking And Finance:
 
Elijah Brewer and William E. Jackson, “A Note on the Risk-adjusted Price-concentration Relationship,” 2006.
 
Journal of Behavioral Finance:
 
Thomas Berry, “The Disposition Effect and Individual Investor Decisions: The Roles of Regret and Counterfactual Alternatives,” 2006.
 
Journal of Business:
 
Sonya Lim, “Do Investors Integrate Losses and Segregate Gains? Mental Accounting and Investor Trading Decisions,” 2006.
 
International Journal of Finance:
 
Ali Fatemi and Iraj Fooladi, “Corporate International Diversification: Evidence from Canada,” 2006.
 
 Managerial Finance:
 
Ali Fatemi and Iraj Fooladi, “Credit Risk Management: A Survey of Practices,” 2006.
 
Quarterly Journal of Business and Economics:
 
Joseph Vu and Jorge L Urrutia , “Empirical Evidence of Nonlinearity and Chaos in the Returns of American Depository Receipts,” 2006.