Articles
Yes, dividends are disappearing: Worldwide evidence (with Recep Bildik), Journal of Banking and Finance (2011)
This study examines the patterns in payout policies worldwide. Utilizing data from a sample of...
The Relative Valuation of Socially Responsible Firms: An Exploratory Study (with Iraj Fooladi and David Wheeler), Finance for a Better World: The Shift toward Sustainability (2009)
In this paper we develop a model in support of the argument that the imposition...
Yes, Dividends Are Disappearing: Worldwide Evidence (with Recep Bildik), - (2009)
This study examines the patterns of payout policies worldwide. Utilizing data from a sample of...
Complexity of Information and Trading Behavior: The Case of Dividend Increase Announcements (with Sanjay Deshmukh and Iraj Fooladi), Journal of Economic Psychology (2008)
We examine the intraday trading response of participants in the common stock market and in...
Corporate International Diversification: Evidence From Canada (with Iraj Fooladi), The International Journal of Finance (2006)
This paper investigates the impact of corporate international diversification on the shareholders of Canadian firms....
Credit Risk Management: A Survey of Practices (with Iraj Fooladi), Managerial Finance (2006)
Purpose – Proposes to investigate the current practices of credit risk management by the largest...
Wealth Creation and Managerial Pay: MVA and EVA as Determinants of Executive Compensation (with Anand S. Desai and Jeffrey P. Katz), Global Finance Journal (2003)
Designing effective compensation contracts has become increasingly complex due to the globalization of the executive...
Corporate Risk Management: Costs and Benefits (with Carl Luft), Global Finance Journal (2002)
This paper establishes a framework within which the costs and the benefits of corporate risk...
Emerging Markets and Financing with Preferred Stocks: The Case of Pacific Rim Countries (with Iraj Fooladi and Nargess Kayhani), Managerial Finance (2002)
Points out that preference shares are much more heavily used in emerging economies than in...
An Overview of the Market for Risk Management Products (with James S. Ang and Mark Popiela), Managerial Finance (2000)
Outlines the development of risk management products, reviews relevant research and identifies reasons for their...
On the Valuation of Common and Preferred Shares in Germany: New Evidence on the Value of Voting Rights (with Jan P. Krahnen), Managerial Finance (2000)
This paper outlines the special characteristics of preferred shares in Germany, notes that ordinary shares...
Risk Management Practices of German Firms (with Martin Glaum), Managerial Finance (2000)
Identifies some gaps in corporate risk management research and presents a study of risk management...
Capital Structure and Dividend Policies of Indonesian Firms (with James S. Ang and Alireza Tourani-Rad), Pacific -Basin Finance Journal (1997)
This paper investigates the capital structure and dividend policies of a sample of large publicly...
Personal Bankruptcy Costs: Their Relevance and Some Estimates (with James S. Ang), Financial Services Review (1997)
The paper argues that there is a need for the formal treatment of personal bankruptcy...
Determinants of Cross-Border Listings: The Dutch Evidence (with Alireza Tourani-Rad), Empirical Issues in Raising Equity Capital (1996)
Determinants of Cross-Border Listings: The Dutch Evidence (with Alireza Tourani-Rad), Empirical Issues in Raising Equity Capital (1996)
Foreign Exchange Exposure and the Pricing of Exchange Rate Risk (with Stephen P. Dukas and Amir Tavakkol), Global Finance Journal (1996)
This study provides new evidence on the presence of foreign exchange exposure and foreign exchange...
Seasonal Patterns in Japanese ADR Returns and the U.S. Stock Market Influence (with Jinwoo Park), Japan and the World Economy (1996)
This paper investigates regularities in the daily pattern of Japanese ADR (American Depository Receipt) returns....
The Valuation Effects of Trans-national Acquisitions: Evidence from the Pacific Basin Region (with Anand Desai and Stephen P. Dukas), Advances in Pacific Basin Financial Markets (1996)
On the Presence of a Day-of-the-week-effect in the Foreign Exchange Market (with Albert H.R.F. Corhay and Alireza Tourani-Rad), Managerial Finance (1995)
A study is conducted to ascertain the existence of the day-of-the-week effect in the foreign...
The Alignment of Management and Employee Compensations: The Case of U.K. Firms (with James S. Ang), Journal of Multinational Financial Management, (1995)
Saturday Trading and the Pattern of Daily Returns: Evidence from the Japanese Marke (with Jinwoo Park), Research in International Business and Finance (1994)
Stock Return Variations and Expected Dividends: The Far Eastern Evidence (with Alireza Tourani-Rad), Research in International Business and Finance (1994)
An Examination of the Relationship between the Forward Exchange Risk Premium and Spot Rate Volatility (with Stephen P. Dukas and Tsong-Yue Lai), The International Journal of Finance (1993)
Stock Return Variations and Expected Dividends: Evidence from the European Markets (with Alireza Tourani-Rad), Journal of Multinational Financial Management (1993)
This study provides evidence on the extent to which variations in stock returns are explained...
The Linkages between the Equity Markets of Pacific-Basin Countries and those of the U.S., U.K., and Japan: A Vector Autoregression Analysis (with Jinwoo Park), Global Finance Journal (1993)
Forward Risk Premia and the Maturity of Contracts: A Note (with Amir Tavakkol), Review of Financial Economics (1992)
A Logit Methodology for Predicting the Imposition of Exchange Controls (with M. Hossein Safizadeh), Journal of Economics and Business (1991)
This article explores the feasibility of using a logit methodology for predicting the imposition of...
Economic and Sociopolitical Determinants of Exchange Controls (with M. Hossein Safizadeh), Journal of Business Research (1990)
The objective of this study is to explore the feasibility of identifying factors that could...
A Test of the Rationality of Forward Exchange Rates (with James S. Ang), Advances in Financial Planning and Forecasting, International Dimensions of Securities and Currency Markets (1990)
Determinants of Exchange Controls: An Integrated Approach (with M. Hossein Safizadeh), Global Finance Journal (1990)
This study ascertains the degree to which economic and sociopolitical variables are associated with the...
The Day of the Week Effect in the Foreign Exchange Market, Geld, Banken und Versicherungen (1990)
An Empirical Investigation of the Wealth Effects of Foreign Acquisitions (with Eugene P.H. Furtado), Recent Developments in International Banking and Finance (1988)
The Effect of International Diversification on Corporate Financing Policy, Journal of Business Research (1988)
The purpose of this study is to investigate whether international operations have a discernible effect...
Influence of Social and Political Factors on U.S. Multinational Firms (with Randolph A. Pohlman and E. S. Santiago), Business Journal (1987)
Personal Bankruptcy Costs: Theory and Empirics (with James S. Ang), Geld, Banken und Versicherungen (1987)
Financial Planning and Performance: An Empirical Investigation (with James S. Ang), Advances in Financial Planning and Forecasting (1985)
The Yen and the Dollar: Their Purchasing Power Parity in Efficient Markets, Hitotsubashi Journal of Economics (1985)
Shareholder Benefits from Corporate International Diversification, Journal of Finance (1984)
This study provides further evidence on the rates realized by the shareholders of multinational firms...
A Financial Comparison of the Japanese and the U.S. Manufacturers (with Hossein Safizadeh and Marna Jo Young), Asia Pacific Journal of Management (1984)
This paper compares and contrasts the financial policies of Japanese and comparable U.S. manufacturing firms...