Finance & Insurance Research

Back to Faculty Research


2024

  • Erkan-Barlow, A., & Nguyen, T. (2024). Cybersecurity and executive compensation: Can inside debt-induced risk aversion improve cyber risk management effectiveness?. International Review of Financial Analysis, 93, 103173. https://doi.org/10.1016/j.irfa.2024.103173
  • Esqueda, O. A., & Ngo, T. N. (2024). Corporate transparency among government suppliers: Implications for firm valuation. Accounting & Finance, 64(2), 1947-1979.
  • Grossmann, A., Ngo, T., & Simpson, M. W. (2024). Societal secrecy and ADR IPOs underpricing. Journal of Behavioral and Experimental Finance, 41, 100888. https://doi.org/10.1016/j.jbef.2024.100888
  • Harris, O., & Nguyen, T. (2024). Cyberattacks, cash conversion cycle, and corporate performance. Journal of Corporate Accounting & Finance, 35(2), 323-345.
  • Harris, O., Glegg, C., & Buckley, W. (2019). Do co-opted boards enhance or reduce R&D productivity?. The North American Journal of Economics and Finance, 50, 101005. https://doi.org/10.1016/j.najef.2019.101005
  • Johnson, W., Jory, S. R., Likitapiwat, T., & Ngo, T. (2024). The liquidity impact of commission-free trading on stocks with lottery features. The Journal of Investing, 33(1), 51-68. DOI: 10.3905/joi.2023.1.286
  • Ngo, T., Susnjara, J., & Yi, H. C. (2024). Market share, investor horizon, and stock crash risk. Journal of Corporate Accounting & Finance, 35(1), 308-324.
  • Pooser, D. M., & Browne, M. J. (2024). The impact of regulation on customer satisfaction: Evidence from the US auto insurance industry. Journal of Insurance Regulation. https://doi.org/10.52227/26717.2023

2023

  • Cook, A., Sirmans, E. T., & Wells, B. P. (2023). Does the legislation of cannabis for medicinal use impact private health insurer prescription drug expenditures? Geneva Papers on Risk and Insurance – Issues and Practice. https://doi.org/10.1057/s41288-022-00284-4
  • Erkan-Barlow, A., Ngo, T., Goel, R., & Streeter, D. W. (2023). An in-depth analysis of the impact of cyberattacks on the profitability of commercial banks in the United States. Journal of Global Business Insights, 8(2), 120-135.
  • Erkan-Barlow, A., & Wells, B. P. (2023). The current state of cyber insurance and regulation in the context of investment efficiency and moral hazard: A literature review. Journal of Insurance Regulation, 42. https://doi.org/10.52227/26579.2023
  • Glambosky, M., Jory, S., & Ngo, T. (2023). Stock market response to the statement on the purpose of a corporation: A vindication of stakeholder theory. Corporate Governance: An International Review, 1-29. https://doi.org/10.1111/corg.12508
  • James, H. L., Ngo, T., & Wang, H. (2023). The impact of more able managers on corporate trade credit. Journal of Behavioral and Experimental Finance, 40. https://doi.org/10.1016/j.jbef.2023.100857
  • Murdock, M., Ngo, T., & Richie, N. (2023). The effect of state-level corruption on performance and risk of financial institutions. Journal of Financial Crime. https://doi.org/10.1108/JFC-09-2022-0237
  • Ngo, T., Susnjara, J., & Yi, H. C. (2024). Market share, investor horizon, and stock crash risk. Journal of Corporate Accounting & Finance, 35(1), 308-324.
  • Nelson, J. M. (2023). Abnormal returns from hedging, firm size, and the Fama and French multifactor models. International Journal of Financial Research, DOI: https://doi.org/10.5430/ijfr.v14n2p71
  • Wells, B. P., Erkan, A., & Walkowiak, W. (2023). Diminished value in automobile insurance. Journal of Insurance Regulation, https://doi.org/10.52227/26578.2023
  • Weston, H., & Wells, B. P. (2023). Reconciling the principle of indemnity in diminished value automobile insurance claims. Connecticut Insurance Law Journal, 29(1), 1-27. https://readingroom.law.gsu.edu/faculty_pub/3475

2022

  • Beierlein, J. J., Launby, K., & Smith F. H. (2022). Why are women less motivated to become financially literate? Financial Services Review. 30(2), 89-105.
  • Brodmann, J., Danso, C., & Ngo, T. (2022). Geographic strategies in mergers and acquisitions by financial institutions. Accounting and Finance. 62(3), 3319-3363.
  • Chen, H., Jory, S., & Ngo, T. (2022). Mandatory cash distribution as one stone for two birds: Curtailing the agency problem and protecting minority shareholders. Review of Corporate Finance, (2), 353-392
  • Erkan, A., & Turedi, S. (2022). CIO equity compensation and IT investment: The moderating role of board monitoring and evidence of managerial myopia. Review of Behavioral Finance. DOI:10.1108/rbf-04-2022-0118.
  • Harris, O., & Nguyen, T. (2022). Director co-option and future market share growth. North American Journal of Economics and Finance. 62(C).
  • Harris, O., & Hampton, J. (2022). Director co-option and the cash conversion cycle. Journal of Corporate Accounting and Finance, 33(1), 129–141.
  • Huerta, D., Ngo, T., & Pyles, M. (2022). Market and institutional ownership reactions to REIT security issuances. Journal of Real Estate Finance and Economics. 1-36.
  • James, H., Li, B., Ngo, T., & Wang, H. (2022). Major customers and corporate payout flexibility. Quarterly Journal of Finance. 12(2).
  • Killins, R., Ngo, T., & Wang, H. (2022). Politics and equity markets: Evidence from Canada. Journal of Multinational Financial Management. 63(C).
  • Linton, C. A. P., Harris, O. M., Ngo, T., & Susnjara, J. (2022). Having the government as a client: Does this reduce the earnings management of the firm? Journal of Government and Economics. (4), 1-20.
  • Ouyang, W., Szewczyk, S., & Ngo, T. (2022). Assortative matching in pre-deal stock price firm-specific information. Applied Economics. 1-24.
  • Ouyang, W., Szewczyk, S., & Ngo, T., Wang, H. (2022). Revenue classification shifting: Does CEO gender matter? Review of Pacific Basin Financial Markets and Policies. 26(1).
  • Wells, B. P., Weston, H., & Schwarzbach, C. (2022). The conflict and burden of insurer appointments for brokers and the need for regulatory reform. Journal of Insurance Regulation. 41(1), 1-19.

2021

  • Foster, L., Ngo, T., & Pyles, M. (2021). GIPS and hedge funds: Is compliance a certification agent? Journal of Alternative Investments, 24 (2), 124-13.
  • Frederick, J. D., & Karl, J. B. (2021). The COVID-19 pandemic and health insurance regulation. Journal of Insurance Regulation, 40(2).
  • Glegg, C., Harris, O., Ngo, T., & Susnjara, J. (2021). Having the government as a client: Does this reduce earnings management of the firm? Journal of Government and Economics, 4, 1–20.
  • Harris, O. N., & Erkan, A. (2021). Co-opted boards and earnings management: Evidence of reduced short-termist behavior. SageJournals, 1-25.
  • Huerta, D., Ngo, T., & Pyles, M. (2021). Institutional ownership and REIT acquisitions. Applied Economics, 53(36), 4207-4228.
  • James, H., Ngo, T., & Wang, H. (2021). Independent director tenure and corporate transparency. North American Journal of Economics and Finance, 57(101413).
  • Jory, S., Ngo, T., & Nguyen, C. (2021). Debt covenants and asset versus equity acquisitions. Journal of Financial Research, 44(1), 145–177.
  • Killins, R., Ngo, T., & Wang, H. (2021). Goodwill impairment and CEO overconfidence. Journal of Behavioral and Experimental Finance, 29(100459).
  • Ngo, T., Mai, E., Siguaw, J. A., & Jory, S. (2021). The contribution of managerial ability on customer satisfaction: An empirical investigation. Journal of Strategic Marketing.  https://doi.org/10.1080/0965254X.2021.1904436.
  • Wang, D., Esqueda, O., Houmes, R., & Ngo, T. (2021). Impact of government bailout on banks’ cost of equity: Additional evidence from the financial bailout of 2008-2009. Review of Pacific Basin Financial Markets and Policies, 24(1), 2150003.

2020

  • Farooqi, J., Jory, S., & Ngo, T. (2020). Target firm earnings management, acquisition premium and shareholder gains. The International Journal of Accounting 55(2),1-48.
  • Glambosky, M., Jory, S., & Ngo, T. (2020). The wealth effects of mergers and acquisitions by dividend payers. Quarterly Review of Economics and Finance. 78, 154-165.
  • Gowin, K., Wang, D., Jory, S., Houmes, R., & Ngo, T. (2020). Impact on the firm value of financial institutions from penalties for violating anti-money laundering and economic sanctions regulations. Finance Research Letters 40(C), DOI: 10.1016/j.frl.2020.101675.
  • Grossmann, A., & Ngo, T. (2020). Economic policy uncertainty and ADR mispricing. Journal of Multinational Financial Management, 55, 1-19
  • Jory, S., Ngo, T., & Wang, H. (2020). Non-operating earnings and firm risk. Review of Financial Economics, 39(1),95-123.
  • Karl, J. B., & Nyce, C. M. (2020). The effect of distracted driving laws on automobile liability insurance claims. North American Actuarial Journal, 24, 593-610.
  • Killins, R., Ngo, T., & Wang, H. (2020). The underpricing of sin stocks. The Journal of Investing, 8, 1-6.
  • Madden, L. T., McMillan, A., & Harris, O. M. (2020). Drivers of selectivity: Understanding the impact of age and ownership on CSR. Journal of Family Business Strategy, 2, 1-9.
  • Wang, D., Jory, S., & Ngo, T. (2020). The cohabitation of institutional investors with the government: A case study of the TARP-CPP program. Journal of Behavioral and Experimental Finance, 28, 2214-6350.
  • Wells, B. P. (2020). Social media mantra: Do no harm. Marijuana Venture, 7, 124-126
  • Weston, H., & Wells, B. P. (2020). Social media as factor in personal injury underwriting:  Risk, rate and regulation. Journal of Insurance Regulation, 39(1).

2019

  • Beierlein, J. J., & Nelson, J. M. (2019). Do IPO prices reflect firm quality? Managerial Finance, 45(4), 499–512.
  • Born, P. H., Karl, J., & Montesinos-Yufa, H. (2019). The effect of damage cap reforms on medical malpractice insurance market conditions during periods of crises. Journal of Risk and Insurance, 86(4), 1045-1071
  • Chen, H., Jory, S., & Ngo, T. (2019). Earnings management under different ownership and corporate governance structure: A natural experiment with master limited partnerships. Quarterly Review of Economics and Finance, 76, 139-156
  • Cole, C. R., & Karl, J. (2019). The differential effects of medical loss ratio regulation on the individual health insurance marketplace. Journal of Insurance Regulation, 38(1), 1-27
  • Esqueda, O. A., Ngo, T., & Susnjara, J. (2019). The effect of government contracts on corporate valuation. Journal of Banking and Finance, 106, 305-322
  • Farooqi, J., Jory, S., & Ngo, T. (2019). Active fund managers and earnings management at portfolio companies. Review of Accounting and Finance, 19(1), 48-82
  • Huerta, D., Ngo, T., & Pyles, M. (2019). Equity versus asset acquisitions in the reit industry. Journal of Real Estate Research. 42(1), 1-35.
  • Jory, S., Mellado-Cid, C., & Ngo, T. (2019). Options trades, short sales and real earnings management. Accounting and Business Research, 49(4), 400–427
  • Jory, S., Ngo, T., & Susnjara, J. (2019). Stock mergers and acquirers’ subsequent Stock price crash risk. Review of Quantitative Finance and Accounting, 54(1), 359-387
  • Wells, B. (2019). Holy @#$% I’ve been sued. Marijuana Venture, 6(3), 92–98.
  • Wells, B. (2019). Identifying risks: What can go wrong? Marijuana Venture, 6(1), 138–140

2018

  • Chen, H., & Ngo, T. (2018). Master limited partnership: Is it a smart investment vehicle? Journal of Commodity Markets, 11, 22–36.
  • Escobari, D., Jafarinejad, M., & Ngo, T. (2018). Disentangling the impact of industrial and global diversification on firm risk. Global Finance Journal, 39, 39–56.
  • Harris, O. M. (2018). The impact of industrial districts on the pricing of IPOs. Quarterly Review of Economics and Finance, 69, 274-285.
  • Harris, O. M. (2018). Do co-opted boards enhance or reduce R&D productivity? North American Journal of Economics and Finance, 50, 1062-9408.
  • Houmes, R., Wang, D., & Ngo, T. (2018). The effect of audit quality on the pension risk cost of equity relation. The Journal of Applied Accounting Research, 20(1), 22–40.
  • Jory, S.R., Mishra, T., & Ngo, T. (2018). Location-specific stock market indices: An exploration. The European Journal of Finance, 25, 305-337.
  • Wells, B. (2018). Employment laws and the risk of ignorance. Marijuana Venture, 5(10), 158–160.
  • Wells, B. (2018). How to create a risk management dream team. Marijuana Venture, 5(12), 134–138.
  • Wells, B. (2018). Marijuana legalization: Implications for risk management and insurance. The Risk Report, 37, 77-92.
  • Wells, B. (2018). Risk management when no one is watching. Marijuana Venture, 5(8), 144–146

2017

  • Bisco, J. M., Cole, C. R., & Karl, J. (2017). The effect of government run healthcare on the salaries of nursing professionals in the U.S. Journal of Insurance Issues, 40(2), 215-246.
  • Born, P. H., Karl, J. B., Viscusi, W. K. (2017). The net effects of medical malpractice tort reform on health insurance losses: The Texas experience. Health Economics Review, 7(1), 42.
  • Erkan, A., Fainshmidt, S., & Judge, W. Q. (2017). Variance decomposition of the country, industry, firm, and firm-year effects on dividend policy. International Business Review, 25, 1309–1320.
  • Farooqi, J., Ngo, T., & Jory, S. (2017). Real activities manipulation by bidders prior to mergers and acquisitions. Review of Accounting & Finance, 16(3), 322-347.
  • Glegg, C. A., Harris, O. M., & Ngo, T. (2017). Corporate social responsibility and the wealth gains from dividend increases. Review of Financial Economics, 36, 149-166.
  • Grossman, A., Ngo, T., & Simpson, M. (2017). The asymmetric impact of currency purchasing power imparities on ADR mispricing. Journal of Multinational Financial Management, 42–43, 74–94.
  • Jory, S., Ngo, T., & Nguyen, K. (2017). Institutional ownership and the spillover effects of shareholder activism. International Journal of Corporate Governance, 66, 328-344.
  • Jory, S., Ngo, T., & Sakaki, H. (2017). Institutional ownership stability and dividend payout policy. Managerial Finance, 43, 1054-1055.
  • Jory, S., Ngo, T., & Susjara, J. (2017). The effect of shareholder activism on bondholders and stockholders. Quarterly Review of Economics and Finance, 66, 328-344.
  • Mellado-Cid, C., Jory, S. R., & Ngo, T. (2017). Real earnings management activities prior to bond issuance. Business Research Quarterly, 20(3), 164-177.
  • Mellado-Cid, C., Jory, S. R., & Ngo, T. N. (2017). Real activities manipulation and firm valuation. Review of Quantitative Finance and Accounting, 50(4), 1201-1226.

2016

  • Blau, B. M., Daines, B., Karl, J. B., & Wade, C. (2016). Key stakeholders’ stock returns and the affordable care act. Journal of Insurance Regulation, 35(9), 1-25.
  • Chen, H., & Ngo, T. (2016). Leverage-based index revisions: The case of Dow Jones Islamic market world Index. Global Finance Journal. 32, 16-34.
  • Cole, C. R., Karl, J. B., & Wade, L. (2016). A review of states’ decisions regarding health insurance exchanges. Journal of Insurance Regulation, 35(2), 1-27.
  • Farooqi, J., Jory, S., & Ngo, T. (2016). Institutional investors’ activism and credit ratings. Journal of Economics and Finance, 41(1), 51–77.
  • Jory, S., & Ngo, T. (2016). Firm power in product market and stock returns. Quarterly Review of Economics and Finance, 65, 182-193.
  • Jory, S., Ngo, T., & Wang, D. (2016). Credit ratings and the premiums paid in mergers and acquisitions. Journal of Empirical Finance, 39(A), 93–104.
  • Karl, J. B., & Wells, B. (2016). Improving perceptions of the insurance industry: The influence of insurance professionals, Risk Management and Insurance Review, 19, 147–166.
  • Ngo, T. (2016). Exchange rate exposure of REITs. Quarterly Review of Economics and Finance, 64, 249-258.
  • Ngo, T., & Susnjara, J. (2016). Hostility and deal completion likelihood in international acquisitions: The moderating effect of information leakage. Global Finance Journal, 31, 42-56.
  • Surendranath, J., & Ngo, T. (2016). Institutional ownership and senior-level executives’ tenure. International Journal of Corporate Governance, 7(2), 103–137.

2015

  • Below, S., Beracha, E., & Skiba, H. (2015). Land erosion and coastal home values. Journal of Real Estate Research, 37(4), 499–536.
  • Beckmann, K., Ngo, T., & Wang, D. (2015). The informational content of ADR mispricing. Journal of Multinational Financial Management, 32-33, 1-14
  • Below, S., Beracha, E., & Skiba, H. (2015). The impact of high-powered storms on the selling price and liquidity of coastal residential real estate. The Journal of The Center for Real Estate Research, 3(1), 6–24.
  • Chen, H., Farooqi, J., Huerta, D., & Ngo, T. (2015). Momentum strategies in Shari’ah compliant stocks: The role of debt. The Journal of Investing, 1–22.
  • Cole, C. R., & Karl, J. (2015). A preliminary examination of health insurers participating on federally facilitated marketplaces. Journal of Insurance Regulation, 34(8), 1-22.
  • Farooqi, J., Huerta, D., & Ngo, T. (2015). Should you globally diversify or let the globally diversified firm do it for you? The Quarterly Review of Economics and Finance, 57, 75–85.
  • Huerta, D., Jackson, D., & Ngo, T. (2015). Categorizing sentiment and its impact on REIT returns. Managerial Finance, 41(9), 958-973.
  • JafariNejad, M., Jory, S., & Ngo, T. (2015). The effects of institutional ownership on the value and risk of diversified Firms. International Review of Financial Analysis, 40, 207–219.
  • Jory, S., & Ngo, T. (2015). The wealth effects of acquiring foreign divested assets. International Business Review, 24, 235–245.
  • Jory, S., Ngo, T., Wang, D., & Saha, A. (2015). The market response to corporate scandals involving CEOs. Applied Economics, 7(17), 1723–1738.

2014

  • Beierlein, J., & Nelson, J. M. (2014). The use of derivatives and firm value. International Research Journal of Applied Finance, (4), 342–361.
  • Farooqi, J., Harris, O., & Ngo, T. (2014). Corporate diversification, real activities manipulation, and firm value. Journal of Multinational Financial Management, 27, 130–151.
  • Jory, S., & Ngo, T. (2014). Cross-Border Acquisitions of State-Owned Enterprises. Journal of International Business Studies, 45, 1096–1114.
  • Karl, J. B. (2014). A discussion of private health insurance markets in 10 OECD Countries. Journal of Insurance Regulation, 33, 41-66.
  • Madura, J., & Ngo, T. (2014). Private information leakages and informed trading returns of tech target firms. The Journal of High Technology Management Research, 25(1), 36–53.
  • Madura, J., & Ngo, T. (2014). Regulating informed trading before merger bids in Canada. International Journal of Corporate Governance, 5(1), 22–42.
  • Medders, L. A., Nyce, C. M., & Karl, J. B. (2014). Market implications of public policy interventions: The case of Florida’s property insurance market. Risk Management and Insurance Review, 17, 183-214.
  • Nelson, J., & Beierlein, J. (2014). The use of derivatives and firm value. International Research Journal of Applied Finance, (4), 342–361.
  • Ngo, T., Madura, J., & Susnjara, J. (2014). Information leakages and the costs of merging in Europe. Applied Financial Economics, 24(8), 515–532.

2013

  • Beierlein, J., & Neverett, M. (2013). Should personal finance be the first finance course? Financial Services Review, 22(3), 245–267.
  • Beierlein, J., & Neverett, M. (2013). Who takes personal finance? Financial Services Review, 22(2), 151–171.
  • Jory, S., Dontis-Charitos, P., Ngo, T., & Nowman, K. (2013). A multi-country analysis of the 2007-2009 financial crisis: Empirical results from discrete and continuous time models. Applied Financial Economics, 23(11), 929–950.
  • Huerta, D., Harris, O., & Ngo, T. (2013). The impact of TARP on bank efficiency. Journal of International Financial Markets, Institutions & Money, 24, 85–104.

2012

  • Garcia-Feijoo, L., Madura, J., & Ngo, T. (2012). Impact of industry characteristics on the method of payment in mergers. Journal of Economics and Business, 64, 261–274.
  • Glegg, C., Harris, O., Ngo, T., & Madura, J. (2012). The impact of mispricing and asymmetric information on the price discount of private placements of common stock. The Financial Review, 47, 665–696.
  • Jory, S., & Ngo, T. (2012). The effect of foreign segment location on the geographic diversification discount. Global Finance Journal, 23, 108–124.
  • Jory, S., Madura, J., & Ngo, T. (2012). Deal structure decision in the global market for divested assets. International Review of Financial Analysis, 24, 104–116.
  • Madura, J., & Ngo, T. (2012). Determinants of the medium of payment used to acquire privately-held targets. Journal of Economics and Finance, 36, 424–442.
  • Madura, J., & Ngo, T. (2012). Re-examination of industry effects due to withdrawn mergers. Journal of Economics and Finance, 36(3), 613–633.
  • Madura, J., & Ngo, T. (2012). Withdrawals of mergers involving private targets. Applied Financial Economics, 22(4), 313–320.
  • Madura, J., Ngo, T., & Viale, A. (2012). Why do merger premiums vary across Industries and over time. The Quarterly Review of Economics and Finance, 52, 49–62.

Back to Faculty Research