Iftekhar Hasan
University Professor and E. Gerald Corrigan Chair in International Business and Finance
Joined Fordham: 2011
Program Director, PhD Program
General Information:
45 Columbus Avenue, Room 511,
New York, NY 10023
Email: [email protected]
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Iftekhar Hasan holds the title of University Professor at Fordham University and serves as the E. Gerald Corrigan Chair in Finance; academic director of the Ph.D. program; and co-director of the Center for Research in Contemporary Finance at the Gabelli School of Business. He is a scientific advisor at the Central Bank of Finland, a fractional faculty member at the University of Sydney, and a research fellow at the Wharton Financial Institutions Center and the IWH Institute in Halle, Germany. He is the editor of the Journal of Financial Stability.
Professor Hasan's research interests include financial institutions, corporate finance, capital markets, and emerging economies, focusing on interdisciplinary questions and public policy issues. He has been involved with numerous academic research grants from governmental, national, and international science foundations and organizations in the U.S. and abroad. Professor Hasan has more than 475 publications in print, including 16 books and edited volumes, and more than 365 peer-reviewed journal articles in influential academic outlets in finance (JFE, JFQA, RoF, JB, JMCB), accounting (JAR, RAST, CAR), economics (EJ, JME, JIE, JEG, JCE, EER), international business (JIBS), management (SMJ, JoM, HRM, RP, JBE), operation research (MS, EJOR), and information systems (JIMS, IEEE). Concerning his impact on academic research, he ranks among the top financial economists in the profession, based on the citation index as reported by Google Scholar.
Professor Hasan has held visiting scholar/faculty positions at several universities around the world, including the University of Rome, Italy; the University of Strasbourg, France; Carlos III University, Madrid; EPFL at Lausanne, Switzerland; University of Cambridge, U.K.; Hong Kong Polytechnic University; the University of Limoges, France; National Taiwan University at Taipei; the University of Romania at Bucharest; Xi’an Jiaotong University, China; Soochow University, China; University Utara Malaysia; the University of Sydney, Australia; Melbourne Business School, Australia; University of Twente, Netherlands; and NYU's Stern School of Business.
Professor Hasan also has been a consultant or a visiting scholar for numerous international organizations, including the World Bank, the International Monetary Fund, the United Nations, the Federal Reserve Bank, the Office of the Comptroller of Currency of the U.S. Treasury, the Banque de France, Development Bank of Japan, and the Italian Deposit Insurance Corporation. He has been serving on the Advisory Boards of the University of Economics, Ho Chi Minh City, Vietnam; UNS, Universitas Sebelas Maret, Solo, Indonesia; Business School of the Hong Kong Polytechnic University, Kowloon; and Montpellier Business School, France.
A Fulbright scholar and a Fulbright selector, Professor Hasan also is a recipient of “Changjiang (Yangtze River) Scholar” in China; “Louis Bachelier Fellow” in France; Universitas Sebelas Maret Award in Indonesia; “Shimomura Fellow” in Japan; “Bursa Malaysia Chair” in Malaysia; “Distinguished Fellow” of the Financial Engineering and Banking Society; and received honorary doctorate degrees, and the “Doctor Honoris Causa” award from the Romanian American University in Bucharest and the University of Vaasa in Finland.
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- Ph.D.: University of Houston
- M.S.S.: University of Houston
- B.S.S.: University of Dhaka
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- Financial institutions
- Corporate finance
- Capital markets
- Emerging markets
- Network and machine learning
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- “Market Feedback Effect on CEO Pay: Evidence from Peers’ Say-on-pay Voting Failures,” Journal of Financial and Quantitative Analysis, with A. Cheng, F. Tang, and J. Xie, Forthcoming.
- “The Effects of Antitrust Laws on Horizontal Mergers: International Evidence,” Cambridge University Press: Journal of Financial and Quantitative Analysis, 59 (7), 3267-3298, with C.Y. Chung, J.H., Hwang, I.Q. Kim, Forthcoming.
- “The Dark Side of Liquidity: Evidence from Bidder and Target Returns in M&A Transactions,” Journal of Corporate Finance, 70, 102057,
- “Social Connections and Information Leakage: Evidence from Target Stock Price Run-Up in Takeovers,” The Journal of Financial Research, 48 (2), 645-672, with L. Tong, and A. Yan, Forthcoming.
- “Corporate Social Responsibility and Profit Shifting,” European Accounting Review, 34(1), pp. 1-29, with P. Karavitis, P. Kazakis, and W. S. Leung, Forthcoming.
- “Banker Directors on Board and Corporate Tax Avoidance,” Journal of Empirical Finance, 79, 1-15, with Q. Song, W. Ding, Q. Wang, 2024.
- “‘And forgive us our debts’: Christian moralities and over-indebtedness,” IWH Discussion Papers, No. 8/2019, with F. Noth, and K. Kiesel, 2024.
- “Do markets value manager-investor interaction quality? Evidence from IPO returns,” Review of Quantitative Finance and Accounting, 63, 599–632, S. Bian, X. Wang, and Z. Yan, 2024.
- “The bright side of bank lobbying: Evidence from the corporate loan market,” Journal of Corporate Finance, 86, 1-22, 102591, with M. D. Delis, T. Y. To, and E. Wu, 2024.
- “Church Membership and Economic Recovery: Evidence from the 2005 Hurricane Season,” The Economic Journal, 134 (664), 3306-3332, with S. Manfredonia and F. Noth, 2024.
- “The effect of bank organizational risk-management on the pricing of non-deposit debt,” Journal of Financial Services Research, 66, 1–27, with E. Peng, M. Waisman, and M. Yan, 2024.
- “Search symbols, trading performance, and investor participation,” International Review of Economics & Finance, 92, 380-393, with Y-S. Huang, H-C. Chuang, and C-Y. Lin, 2024.
- “Aggregate Dynamics with Sectoral Price Stickiness Heterogeneity and Aggregate Real Shocks,” Journal of Money, Credit and Banking, 57 (5), 1361-1380, with A. Flamini, 2024.
- “Climate change exposure and the value relevance of earnings and book values of equity,” Journal of Sustainable Finance and Accounting, 1, 100004, 1-20, with J. A. Micale, D. Rapaccioli, 2024.
- “Asymmetric reactions of abnormal audit fees jump to credit rating changes,” The British Accounting Review, 56 (2), June Cao, M. Shan, and H. Huang, 2024.
- “Understanding CSR champions: a machine learning approach,” Annals of Operations Research, 347, 761–774, with A. Bilokha, M. Cheng, and M. Fu, 2024.
- “Financial Technologies and Effectiveness of Monetary Policy Transmission,” European Economic Review, 161, 104650, 1-21, with B. Kwak, and X. Li, 2024.
- “State ownership and financial statement comparability,” Journal of Business, Finance, and Accounting, 51 (7-8), 1628-1664, with B. Francis, X. Gu, and J. H. Kong, 2023.
- Regulation and information costs of sovereign distress: Evidence from corporate lending markets,” Journal of Corporate Finance, 82, 1-20, with S-J Kim, P. N. Politsidis, and E. Wu, 2023.
- “Disentangling stock return synchronicity from the auditor's perspective,” Journal of Business, Finance, and Accounting, 51 (5-6), 1467-1507, with J. A. Micale, and Q. Wu, 2023.
- “Cultural norms and corporate fraud: Evidence from the Volkswagen scandal,” Journal of Corporate Finance, 82, 1-16, with F. Noth, and N. Tonzer, 2023.
- “Ownership structure and the cost of debt: Evidence from the Chinese corporate bond market,” Journal of Empirical Finance, 73, 334-348, with S. Chatterjee, X. Gu, and H. Lu, 2023.
- “Herding behavior and systemic risk in global stock markets,” Journal of Empirical Finance, 73, 107-133, with R.Tunaru, D. Vioto, 2023.
- “Exploring Accounting Research Topic Evolution: An Unsupervised Machine Learning Approach,” Journal of International Accounting Research, 22 (3), 1–30, with J. Cao, and Z. Gu, 2023.
- “What makes the difference? Microfinance versus commercial banks,” Borsa Istanbul Review, 23 (4), 759-778, with A. Abrar, and R. Kabir, 2023.
- “Political ties and the yield curve,” Economics Letters, 228, with G. Ambrocio, 2023.
- “Gender pay gap in American CFOs: Theory and evidence,” Journal of Corporate Finance, 80, 1-26, with B. Francis, G. Hovakimian, Z. Sharma, 2023.
- “Economic preferences for risk-taking and financing costs,” Journal of Corporate Finance, 80, 1-13, with M. D. Delis, M. Iosifidi, C. Tsoumas, 2023.
- “The Impact of Lowering Carbon Emissions on Corporate Labour Investment: A Quasi-Natural Experiment,” Energy Economics, 121, 1-21, with J. Cao, and W. Li, 2023.
- “Short-Selling Threats and Bank Risktaking: Evidence from the Financial Crisis,” Journal of Banking & Finance, 150, 1-13, with D. G. Bui, C-Y. Lin, and H. T. Nguyen, 2023.
- “Market-Implied Ratings and their Divergence from Credit Ratings,” The Journal of Financial Research, 46 (2), 251-289, with J. Shen, G. Zhang, and W. P. H. Poon, 2023.
- “Creditor-Control Rights and the Nonsynchronicity of Global CDS Markets,” The Review of Corporate Finance Studies, 14 (1), 204–260, with M. Marra, E. Wu, and G. Zhang, 2023.
- “Cultural values of parent bank board members and lending by foreign subsidiaries: The moderating role of personal traits,” Journal of International Financial Markets, Institutions and Money, 83, 1-25, with K. Jackowicz, O. Kowalewski, and Ł. Kozłowski, 2023.
- “Corporate Culture and Firm Value: Evidence from Crisis,” Journal of Banking & Finance, 146, 1-26, with Y. Fang, F. Fiordelisi, W. S. Leung, and G. Wong, 2023.
- “The Geography of Information: Evidence from the Public Debt Market,” Journal of Economic Geography, 23 (1), 91-138, with B. Francis, and M. Waisman, 2023.
- “The effect of bank failures on small business loans and income inequality,” Journal of Banking & Finance, 146, 1-17, with S. Contreras, and A. Ghosh, 2023.
- “Institutions and Corporate Reputation: Evidence from Public Debt Markets,” Journal of Business Ethics, 83, 165-189, with X. Gu and H. Lu, 2023.
- “Trust and contracting with foreign banks: Evidence from China,” Journal of Asian Economics, 83,1-12, D. Folsom, L. Liu, H. Wang, 2022.
- “Hedge Fund Activism and Internal Control Weaknesses,” China Accounting and Finance Review, 24 (4), 426–444, with D. Folsom, Y. Shen, and F. Zhou, 2022.
- “Introduction, an Editorial,” Economic and Political Studies, 10 (3), 251-252, 2022.
- “Productivity, managers’ social connections and the financial crisis,”
Journal of Banking & Finance, 141, 1-17, with S. Manfredonia, 2022.
- “COVID-19 Pandemic and Global Corporate CDS Spreads,” Journal of Banking & Finance, 147, 1-14, with M. Marra, T. Y. To, E. Wu, G. Zhang, 2022.
- “Environmental reputational risk, negative media attention and financial performance,” Financial Markets, Institutions, and Instruments, 31 (4), 123-145, with L. Becchetti, R. Ciciretti, and G. L. Licata, 2022.
- “Explicit deposit insurance design: International effects on bank lending during the global financial crisis,” Journal of Financial Intermediation, 51, with L. Liu, A. Saunders, G. Zhang, 2022.
- “Commitment or constraint? The effect of loan covenants on merger and acquisition activity,” Finance Research Letters, 47 (B), with G. Ambrocio, and G. Colak, 2022
- “Political ties and raising capital in global markets: Evidence from Yankee bonds,” Journal of Corporate Finance, 74, 1-22, with G. Ambrocio, and Gu, 2022.
- “Social Capital, Trusting, and Trustworthiness: Evidence from Peer-to-Peer Lending,” Journal of Financial and Quantitative Analysis, 57, 1409-1453, with Q. He, and H. Lu, 2022.
- “The impact of overconfident customers on supplier firm risks,” Journal of Economic Behavior & Organization, 197, 115-133, with Y. Fang, C-Y. Lin, and J. Sun, 2022.
- “Optimum technique de création de liquidité bancaire,” Revue économique, 73 (3), 359-388, with J-L. Soula, 2022.
- “On modeling IPO failure risk,” Economic Modelling, 109, 1-19, with G. Colak, and M. Fu, 2022.
- “Income, trading, and performance: Evidence from retail investors,” Journal of Empirical Finance, 66, 176-195, with D. G. Bui, C-Y. Lin, and R-X. Zhai, 2022.
- “External social networks and earnings management,” The British Accounting Review, 54 (2), 1-24, M. Fang, B. Francis, and Q. Wu, 2022.
- “Firm Social Networks, Trust, and Security Issuances,” The European Journal of Finance, 28 (4-5), 514–549, with M. Fang, Z. Sharma, and A. Yan, 2022.
- “Social capital and regional innovation: evidence from private firms in the US,” Regional Studies, 57(1), 57-71, with N. Kobeissi, B. Wang, H. Wang, D. Yin, 2022.
- “Stock liquidity and corporate labor investment,” Journal of Corporate Finance, 72, 1-26, with M. S. Ee, H. Huang, 2022.
- “The diplomacy discount in global syndicated loans,” Journal of International Money and Finance, 120, 1-, with G. Ambrocio, X. Gu, P. N. Politsidis, 2022.
- “Trust, politics and post-IPO performance: SOEs vs. the private sector,” Economic and Political Studies, 10(3), 290–313, with B. Francis, X. Sun, M. Zhou, 2022.
- “Institutions and Corporate Reputation: Evidence from Public Debt Markets,” Journal of Business Ethics, 183, 165–189, with H. Lu, and X. Gu, 2022.
- “Do Banks Value Borrowers' Environmental Record? Evidence from Financial Contracts,” Journal of Business Ethics, 174, 687–713, with I-J Chen, C-Y. Lin, and T. N. V. Nguyen, 2021.
- “The impact of political uncertainty on institutional ownership,” Journal of Financial Stability, 57, B. Francis, and Y. Zhu, 2021.
- “Military directors, governance and firm behavior,” Advances in Accounting, 55, 1-14, with C. Chai, Y. Shen, and S. Wang, 2021.
- “Global syndicated lending during the COVID-19 pandemic,” Journal of Banking & Finance, 133, 1-30, with P. N. Politsidis, and Z. Sharma, 2021.
- “Executive Equity Risk-Taking Incentives and Firms’ Choice of Debt Structure,” Journal of Banking & Finance, 133, with Y. Chen, W. Saffar, and L. Zolotoy, 2021.
- “Quid pro quo? Political ties and sovereign borrowing,” Journal of International Economics, 133, 1-27, 103523, with G. Ambrocio, 2021.
- “Does gender affect innovation? Evidence from female CTOs,” Research Policy, 50 (9), Q. Wu, W. Dbouk,N. Kobeissi, L. Zheng, 2021.
- “Banking Reform, Risk-Taking, and Accounting Quality: Evidence from Post-Soviet Transition States,” Journal of International Accounting Research, 21 (1), 23–47, with Y. Fang, W. Dbouk, L. Li, 2021.
- “Local product market competition and bank loans,” Journal of Corporate Finance, 70, 1-24, with Y. Shen, and X. Yuan, 2021.
- “Finance-growth nexus and banking efficiency: The impact of microfinance institutions,” Journal of Economics and Business, 114, 1-19, with A. Abrar, and R. Kabir, 2021.
- “Stock price fragility and the cost of bank loans,” Journal of Empirical Finance, 63, 118-135, with B. Francis, Y. Shen, P. Fe, 2021.
- “Stock liquidity, empire building, and valuation,” Journal of Corporate Finance, 70, 1-17, with S. Chatterjee, K. John, A. Yan, 2021.
- “Do Activist Hedge Funds Target Female CEOs? The Role of CEO Gender in Hedge Fund Activism,” Journal of Financial Economics, 141(1), 372-393. with B. Francis, Y. Shen, and Q. Wu, 2021.
- “The effect of language on investing: Evidence from searches in Chinese versus English,” Pacific-Basin Finance Journal, 67, 1-23, with Y-S. Huang, Hui-Ching Chuang, Chih-Yung Lin, 2021.
- “Financing choice and local economic growth: evidence from Brazil,” Journal of Economic Growth, 26 (3), 329–357, T.C. Silva, and B. M. Tabak, 2021.
- “Agency cost of CEO perquisites in bank loan contracts,” Review of Quantitative Finance and Accounting, 56, 1221–1258, CY Chan, and CY Lin, 2021.
- “VC Participation and failure of startups: Evidence from P2P lending platforms in China,” Finance Research Letters, 40, 1-7, with X. Li, 2021.
- “The State Expropriation Risk and the Pricing of Foreign Earnings,” Journal of International Accounting Research, 20 (2), 51–81, with I. Siraj, A. Tarazi, and Q. Wu, 2021.
- “Consumer defaults and social capital,” Journal of Financial Stability, 53, 1-18, B. Clark, H. Lai, F. Li, and A. Siddique, 2021.
- “Financial analysts' career concerns and the cost of private debt,” Journal of Corporate Finance, 67, 1-23, with B. Francis, L. Liu, Q. Wu, and Y. Zhao, 2021.
- “Bank failures, local business dynamics, and government policy,” Small Business Economics, 58, 1823–1851, with S. Contreras, M. D. Delis, A. Ghosh, 2021.
- “Who benefits from mandatory CSR? Evidence from the Indian Companies Act 2013,” Emerging Markets Review, 46, 1-15, with J. Aswani, and N.K. Chidambaran, 2021.
- “The effect of foreign institutional ownership on corporate tax avoidance: International evidence,” Journal of International Accounting, Auditing and Taxation, 46, 1-18, with I. Kim, H. Teng, and Q. Wu, 2021.
- “Loan syndication under Basel II: How do firm credit ratings affect the cost of credit?,” Journal of International Financial Markets, Institutions and Money, 72, 1-31, with S-J. Kim, P. N. Politsidis, and E. Wu, 2021.
- “Global equity offerings and access to domestic loan market: U.S. evidence,” International Review of Financial Analysis, 74, 1-9, H. Wang, D. Yin, and J. Zhang, 2021.
- “Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence,” Sustainability, 13(6), with H. Li, H. Wang, Y. Zhu, 2021.
- “CEO Network Centrality and the Likelihood of Financial Reporting Fraud,” ABACUS: A Journal of Accounting, Finance, and Business Studies, 57(4), 654-678, with S. Chahine, Y. Fang, and M. Mazboudi, 2021.
- “Are credit rating disagreements priced in the M&A market?,” Journal of International Financial Markets, Institutions and Money, 72, 1-17, with H. Huang, and T. Y. To, 2021.
- “Income inequality and minority labor market dynamics: Medium term effects from the Great Recession,” Economic Letters, 199, 1-4, with S. Contreras, A. Ghosh, 2021.
- “Local banks as difficult-to-replace SME lenders: Evidence from bank corrective programs,” Journal of Banking & Finance, 123, 1-23, with K. Jackowicz, R. Jagiełło, O. Kowalewski, and L. Kozłowski, 2021.
- “The impact of risk-based capital rules for international lending on income inequality: Global evidence,” Economic Modelling, 98, 136-153, with G.Hassan, S-K. Kim, and E. Wu, 2021.
- “Executives with customer experience and firm performance in the B2B context,” European Journal of Marketing, 55 (7), 1805–1840, with C. Feng, J. Sun; Y. Fang, 2021.
- “The Real Impact of Ratings-Based Capital Rules on the Finance-Growth Nexus,” International Review of Financial Analysis, 73, 1-23, with G. Hassan, S. Kim, E. Wu, 2021.
- “Gender, Credit, and Firm Outcomes,” Journal of Financial and Quantitative Analysis, 57(1), 359-389, with M. D. Delis, M. Iosifidi, and S. Ongena, 2020.
- “Evolvement of China Related Topics in Accounting Academic Research: Machine Learning Evidence,” China Accounting and Finance Review, 22 (4), 168-199, with J. Cao, and Z. Gu, 2020.
- “Transactional and relational approaches to political connections and the cost of debt,” Journal of Corporate Finance, 65, 1-16, with T. Arifin, and R. Kabir, 2020.
- “The impact of social capital on economic attitudes and outcomes,” Journal of International Money and Finance, 108, 1-16, with Q. He, and H. Lu, 2020.
- “Political Uncertainty and Bank Loan Contracts: Does Government Quality Matter?,” Journal of Financial Services Research, 60, 157–185, with Yin-Siang Huang, Y-C. Huang & C-Y. Lin, 2020.
- “Tournament Incentives and Acquisition Performance,” The Review of Corporate Finance Studies, 9 (2), 384–419, M. Navone , T. Y. To , E. Wu, 2020.
- “Cross-country evidence on the relationship between regulations and the development of the life insurance sector,” Economic Modelling, 89, 256-272, with C. Gaganis, and F. Pasiouras, 2020.
- “Why are some Chinese firms failing in the US capital markets? A machine learning approach,” Pacific-Basin Finance Journal, 61, with G. Colak, and M. Fu, 2020.
- “Credit allocation when borrowers are economically linked: An empirical analysis of bank loans to corporate customers,” Journal of Corporate Finance, 62, with K. Minnick, and K. Raman, 2020.
- “Is social capital associated with corporate innovation? Evidence from publicly listed firms in the U.S,” Journal of Corporate Finance, 62, with C. Hoi, Q. Wu, and H. Zhang, 2020.
- “The Dilemma of International Diversification: Evidence from the European Sovereign Debt Crisis,” Asia-Pacific Journal of Financial Studies, 49(2), 299-346, with B. Francis, G. L. Kostova, S. B. Naceur, 2020.
- “Investor Relations and IPO Performance,” Review of Accounting Studies, 25(2): 474-512, with S. Chahine, G. Colak, and M. Mazboudi, 2020.
- “Democracy and credit,” Journal of Financial Economics, 136(2), 571-596, M. D. Delis,and S. Ongena, 2020.
- “National culture and housing credit,” Journal of Empirical Finance, 56, 19-41, with C. Gaganis, and F. Pasiouras, 2020.
- “Finance and wealth inequality,” Journal of International Money and Finance, 108, with R. Horvath, and J. Mares, 2019.
- “The Influence of Bondholder Concentration and Temporal Orientation on Investment in R&D,” Journal of Management, 47(3), 683-715, with J. O’Brien, P. Ye, and C. Carnes, 2020.
- “Comparing financial transparency between for-profit and nonprofit suppliers of public goods: Evidence from microfinance,” Journal of International Financial Markets, Institutions and Money, 64, J. W. Goodell, and A. Goyal, 2020.
- “Profit shifting and tax-rate uncertainty,” Journal of Business Finance and Accounting, 47(5-6), 645-676, M. D. Delis, and P. I. Karavitis, 2019.
- “What drives discretion in bank lending? Some evidence and a link to private information,” Journal of Banking & Finance, 106, 323-340, G. Ambrocio, 2019.
- “Foreign bank ownership and income inequality: empirical evidence,” Applied Economics, 52, 1248-1258, with M. D. Delis, and N. Mylonidis, 2019.
- “Employee Treatment and Contracting with Bank Lenders: An Instrumental Approach for Stakeholder Management,” Journal of Business Ethics, 158 (4), 1029-1046, with B. Francis, L. Liu, and H. Wang., 2019.
- “Benchmark on themselves: CEO-directors’ influence on the CEO compensation,” Managerial Finance, 45(7), 810-826, with B. Francis, Y. Zhu, 2019.
- “Corporate Misconduct and the Cost of Private Debt: Evidence from China,” Comparative Economics Studies, 61(3), 443-463, with X. Gu, H. Lu, 2019.
- “On the Effect of Business and Economic University Education on Political Ideology: An Empirical Note,” Journal of Business Ethics, 155 (3), 809-822, with M. Delis and M. Iosifidi, 2019.
- “National culture and risk-taking: Evidence from the insurance industry,” Journal of Business Research, 97, 104-116, with C. Gaganis, P. Papadimitri, and M. Tasiou, 2019.
- “Managerial effect or firm effect: Evidence from the private debt market,” The Financial Review, 55(1), 25-59, with B. Francis, Y. Zhu, 2019.
- “The income elasticity of mortgage loan demand,” NYU: Financial Markets, Institutions, and Instruments, 28(2), 115-139, with M. D. Delis, and C.Tsoumas, 2019.
- “Foreign ownership, bank information environments, and the international mobility of corporate governance,” Journal of International Business Studies, 50, 1566–1593, Y. Fang, W. S. Leung, and Q.Wang, 2019.
- “Entrenchment through corporate social responsibility: Evidence from CEO network centrality,” International Review of Financial Analysis, 66, with S.Chahine, Y. Fang, M. Mazboudi, 2019.
- “The economic impact of changes in local bank presence,” Regional Studies 53(5), 644-656, with K. Jackowicz, O. Kowalewski, L. Kozłowski, 2019.
- “On the Effect of Business and Economic University Education on Political Ideology: An Empirical Note,” Journal of Business Ethics, 155, 809-822, with M. Delis and M. Iosifidi, 2019.
- “Political influence and financial flexibility: Evidence from China,” Journal of Banking & Finance, 99, 142-156, with X. Gu, and Y. Zhu, 2019.
- “Enforcement of banking regulation and the cost of borrowing,” Journal of Banking & Finance, 101, 147-160, with Y. D. Deli, M. D. Delis, L. Liu, 2019.
- “Trust in banks,” Journal of Economic Behavior & Organization, 157, 452-476, Z. Fungáčová, and L. Weill, 2019.
- “Senior debt and market discipline: Evidence from bank-to-bank loans,” Journal of Banking & Finance, 98, 170-182, with B. Francis, L. Liu, and H. Wang., 2019.
- “Accounting quality in banking: The role of regulatory interventions,” Journal of Banking & Finance, 97, 297-317, with M. D. Delis, M. Iosifidi, L. Li, 2018.
- “State Enforceability of Non-Compete Agreements: Regulations That Stifle Productivity,” Human Resource Management, 57(1), 341-354, with S. Anand, P. Sharma, and H. Wang, 2018.
- “The role of auditors in merger and acquisition completion time,” International Journal of Auditing, 22(3), 568-582, with S.Chahine, and M. Mazboudi, 2018.
- “Lock-In Effects in Relationship Lending: Evidence from DIP Loans,” Journal of Money, Credit and Banking, 51(4), 1021-1043, with G. G. Ramirez, G. Zhang, 2018.
- “What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence,” The World Bank Economic Review, 32(2), 383–409, with R. Horvath, and J. Mares, 2018.
- “Secrecy, information shocks, and corporate investment: Evidence from European Union countries,” Journal of International Financial Markets, Institutions and Money, 54, 166-176, with M. Mazboudi, 2018.
- “Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity,” Journal of Business Ethics, 149, 671–688, with N. Kobeissi, L. Liu, and H. Wang, 2018.
- “Private benefits of control and bank loan contracts,” Journal of Corporate Finance, 49, 324-343, C. Lin, W. Tsai, and L.Q. Tuan, 2018.
- “Do venture capital firms benefit from a presence on boards of directors of mature public companies?,” Journal of Corporate Finance, 49, 125-140, A. Khurshed, A. Mohamed, and F. Wang, 2018.
- “Differences make a difference: Diversity in social learning and value creation,” Journal of Corporate Finance, 48, 474-491, with Y. Fang, and B. Francis, 2018.
- “Should banks diversify or focus? Know thyself: The role of abilities,” Economic Systems, 42(1), 106-118, with B. Francis, A. M. Küllü, and M. Zhou, 2018.
- “Does It Pay to Get Connected? An Examination of Bank Alliance Network and Bond Spread,” Journal of Economics and Business, 95, 141-163, with C. Meslier, A. Tarazi, and M. Zhou, 2018.
- “Can lenders discern managerial ability from luck? Evidence from bank loan contracts,” Journal of Banking & Finance, 87, 187-201, with D. G. Bui, Y. Chen, and C. Lin, 2018.
- “Bank Accounting Regulations, Enforcement Mechanisms, and Financial Statement Informativeness : Cross-Country Evidence,” Accounting and Business Research, 50(3), 269–304, with A. Duru, L. Song, L. Zhao, 2018.
- “Politically connected firms in Poland and their access to bank financing,” Communist and Post-Communist Studies, 50(4), 245-261, with K. Jackowicz, O. Kowalewski, L. Kozłowski, 2017.
- “Social Capital and Corporate Tax Avoidance,” Journal of Accounting Research, 55(3), 629-668, with C. Hoi, Q. Wu, and H. Zhang, 2017.
- “Effect of Board Directors from Countries with Different Genetic Diversity Levels on Corporate Performance,” Management Science, 63 (1), 231-249, with M. Delis, C. Gaganis, and F. Pasiouras, 2017.
- “Do Managerial Risk-Taking Incentives Influence Firms' Exchange Rate Exposure?,” Journal of Corporate Finance, 46, 154-169, with B. Francis, D. M. Hunter, Y. Zhu, 2017.
- “Real Effects of Bank Capital Regulations: Global Evidence,” Journal of Banking & Finance, 82, 217-228, with Y. D. Deli, 2017.
- “State enforceability of noncompete agreements: Regulations that stifle productivity!,” Human Resource Management, 57(1), 341-354, with S. Anand, P. Sharma, and H. Wang, 2017.
- “Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds,” Journal of Financial and Quantitative Analysis, 52, 1017-1047, with C. Hoi, Q. Wu, H. Zhang, 2017.
- “Bank Financing, Institutions and Regional Entrepreneurial Activities: Evidence from China,” International Review of Economics & Finance, 52, 257-267, with N. Kobeissi, H.Wang, M. Zhou, 2017.
- “The impacts of intellectual property rights protection on cross-border M&As,” Quarterly Journal of Finance, 7(3), 1-43, with F. Khalil, X. Sun, 2017.
- “Bank Market Power and Loan Contracts: Empirical Evidence,” The Industrial Organization of Bank Lending 2, 46(3), 649-676, with L. Liu, H. Wang, X. Zhen, 2017.
- “Bank Overall Financial Strength: Islamic versus Conventional Banks,” Economic Modelling, 64, 513-523, with M. Doumpos, and F. Pasiouras, 2017.
- “The Risk-Taking Channel of Monetary Policy in the U.S.: Evidence from Corporate Loan Data,” Journal of Money, Credit and Banking, 49(1), 187-213, with M. D. Delis, and N. Mylonidis, 2017.
- “Do Local Banking Market Structures Matter for SME Financing and Performance? New Evidence from an Emerging Economy,” Journal of Banking & Finance, 79, 142-158, with K. Jackowicz, O. Kowalewski, L. Kozłowski, 2017.
- “Does Social Capital Matter in Corporate Decisions? Evidence from Corporate Tax Avoidance,” Journal of Accounting Research, 55(3), 629-668, with C. Hoi, Q. Wu, H. Zhang, 2016.
- “Relative Peer Quality and Firm Performance,” Journal of Financial Economics 122, 196-219, with B. Francis, S. Mani, and P. Ye, 2016.
- “Urban Agglomeration and CEO Compensation,” Journal of Financial and Quantitative Analysis, 51(6), 1925-1953, with B. Francis, K. John, and M. Waisman, 2016.
- “Gender Differences in Financial Reporting Decision Making: Evidence from Accounting Conservatism,” Contemporary Accounting Research, 32(3), 1285–1318, with B. Francis, JC Park, and Q. Wu, 2016.
- “Risky Profit-Shifting,” Journal of Business Finance and Accounting, with P. Karavitis, and M. Delis, 2016.
- “Small Banks and Local Economic Development,” Review of Finance, 19(2), 653-683, with H. Hakenes, P. Molyneux, and R. Xie, 2015.
- “Beauty is in the Eye of the Beholder: The Effect of Tax Avoidance on the Cost of Bank Loans,” Journal of Financial Economics, 113, 109-130, with C. Hoi, Q. Wu, and H. Zhang, 2014.
- “Institutional Development and Stock Price Synchronicity: Evidence from China,” Journal of Comparative Economics, 42, 92-108, with L. Song and P. Wachtel, 2014.
- “Bank Regulations and Income Inequality: Empirical Evidence,” Review of Finance, 18, 1811-1846, with M. Delis, and P. Kazakis, 2014.
- “State Antitakeover Statutes and Voluntary Disclosure.” Journal of Financial and Quantitative Analysis, 48 (2), 637-668, with Y. Zhao and A. Allen., 2013.
- “Global Equity Offerings, Corporate Valuation &Subsequent International Diversification,” Strategic Management Journal, 32, 787-796, with N. Kobeissi and H. Wang), 2012.
- “Effect of State Antitakeover Laws on the Firm’s Bondholders,” Journal of Financial Economics, 96(1), 127-154, with B. Francis, K. John, and M. Waisman, 2011.
- “Incentives and Innovation: Evidence from CEO Compensation Contracts,” Bank of Finland Research Discussion Papers, 17(1), 1-63, with B. Francis, and Z. Sharma, 2011.