Research

The research interests of the Finance and Managerial Economics faculty cover a broad range of issues relevant to both academicians and practitioners. The principal areas in which the faculty is currently doing research are:

• Financial Markets and Investment Performance

• Corporate Financing and Corporate Control

• Intellectual Property and the Economics of Information Goods

A list of the publications and research papers of each faculty in Finance area is listed. Working papers of these faculty is also listed.

Financial Markets and Investment Performance

The area faculty have conducted extensive research on the volatility of financial markets. In particular, the faculty's research examines changes in the volatility of financial assets and markets over time, the transmission of volatility from one financial market to another, and the impact of volatility on the margin requirements required to assure the solvency of futures markets. Additionally, the faculty's research has examined the risk factors that affect stock returns, the factors that determine a firm's decision to be listed on NASDAQ rather than the NYSE, and the information content of analysts' earnings forecasts.

Faculty: Dr. Larry Merville, Dr. Ted Day, Dr. Yexiao Xu, Dr. Kam Ming Wan, Dr. Mark Laplante

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Corporate Financing and Corporate Control

The recent research of the area faculty on corporate financing and control has examined a variety of issues related to the market for new issues, the pricing of initial public offerings, and corporate governance. In addition, the faculty's research in this area has examined the relation between managerial shareholdings and corporate performance, as well as the role of inside information in management buyouts.

Faculty: Dr. Larry Merville, Dr. Robert Kieschnick, Dr. Kam Ming Wan

Intellectual Property and the Economics of Information Goods

The faculty's research in this area has examined whether conventional wisdom about competitive advantages for firms that are first to the market with new products is correct in the information age. Other research in this area examines the characteristics of goods that can be successfully sold over the Internet, as well as the impact of digitization on copyright and intellectual property.

Faculty : Dr. Stan Liebowitz, Dr. Peter Lewin, Dr. Octavian Carare

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