French, Dan-web.jpg

Dan W. French

Professor and Department Chair
Finance

College of Business

Office:
403B Cornell Hall
University of Missouri
Columbia, MO 65211

Office Hours:
By Appointment Only

Phone: (573) 882-4300
E-Mail: frenchdan@missouri.edu

Professor of Finance and Department Chair. B.A., Lamar Univeristy, 1973, and Ph.D., Louisiana Tech University, 1979. His research interests include investment valuation, options markets, corporate governance, and market microstructure. He has published in the Journal of Financial Research, Journal of Financial Economics, Journal of Financial Services Research, Financial Review, Journal of Banking and Finance, Journal of Business Finance and Accounting, Journal of Portfolio Management, Journal of Investing, Journal of Business Research, and other scholarly and professional publications. He has extensive experience in Latin America and has taught seminars and courses in Ecuador, Mexico, Puerto Rico, and Venezuela.

Publications


"Executive Share Ownership, Trading Behavior, and Corporate Control: Evidence from Top Management Turnover during Financial Distress"
Journal of Economics and Business, 59 (July- August 2007), 298-312.
(with Zahid Iqbal)

"Mutual Fund Industry: Case Study of Russian Equity Mutual Funds"
Journal of Emerging Markets
, 12 (Spring 2007), 23-33.
(with Natalya V. Delcoure)

"Insider Trading and Managerial Actions during Financial Distress"
Journal of Economics and Finance, 29 (Summer 2005), 154-171.
(with Zahid Iqbal)

"Capital Structure and the Ex-Dividend Day Return"
The Financial Review , 40, ( August 2005), 361-379.
(with Paula L. Varson and Kenneth Moon)

"Insider Trading Around Announcments of Employee Layoffs"
Journal of Financial and Economic Practice, 1 (Spring 2003), 23-38.
(with Zahid Iqbal and Shekar Shetty)

"Does Price Discreteness Affect the Increase In Return Volatility Following Stock Splits?"
The Financial Review, 37, May 2002, pp. 281-293
(with Taylor W. Foster)

"Trade Liberalization and Concentration in the Mexican Manufacturing Industry"
Journal of Economic Issues, 35, September 2001, pp. 675-711.
(with Janet M. Tanski)

"An Analysis of the Performance of Initial Public Offerings in the High-Flying Internet Industry"
Journal of Buinsess and Entrepreneurship, March 2000, pp. 19-29.
(with Todd A. Finkle)

"The Pattern of Intraday Portfolio Management Decisions: A Case Study of Intraday Security Return Patterns"
Journal of Business Research, 50, December 2000, pp. 321-326.
(with Stanley B. Block and Edwin D. Maberly)

"The Performance of Initial Public Offerings in the Biotech Industry"
Journal of Business and Entrepreneurship, October 1998, pp. 51-60.
(With Todd A. Finkle)

"The Market Valuation of Earnings and Real Economic Growth"
Journal of Investing, Spring, 1998, pp. 54-60.
(With Chandra Subramaniam and Teresa Trapani)

"The Effects of Environmental Regulation on Stock Prices on the Mexican Stock Exchange"
Research in International Business and Finance, Greenwich: JAI Press, 1996, pp. 335-341.
(with Martin J. Herrera and Janet M. Tanski)

Review of Financial Securities: Market Equilibrium and Pricing Methods by Bernard Dumas and Blaise Allaz
Journal of Finance, 51 (September 1996), pp. 1565-1567.

"Listed-Stock Execution Costs: A Case Study of a Leading Bank"
Journal of Financial Services Research, 8 (September 1994), pp. 163-175.
(with Stanley B. Block and Thomas H. McInish)

"Cash Balances and the January Effect in Stock Returns"
Quarterly Journal of Business and Economics, 33 (Autumn 1994), pp. 3-12.
(with Teresa Trapani)

"Public Offerings of Mexican Stocks Abroad"
Inversión y Finanzas, 2 (January-June, 1994), pp. 90-96
(with Martin J. Herrera and Larry J. Lockwood)

"Early Exercise of American Index Options"
Journal of Financial Research, 15 (Summer 1992), pp. 127-137.
(with Edwin D. Maberly)

"The Student-Managed Investment Fund: A Special Opportunity in Learning"
Financial Practice and Education, 1 (Spring 1991), pp. 35-40.
(with Stanley B. Block)

"Estimation Risk and Adaptive Behavior in the Pricing of Options"
Financial Review, 26 (February 1991), pp. 15-30.
(with Christopher B. Barry and Ramesh K. S. Rao)

"Empirical Comparisons of Distributional Models for Stock Index Returns"
Journal of Business Finance and Accounting, 17 (Summer 1990), pp. 451-459.
(with J. Brian Gray)

"The Superiority of Using Simultaneous Stock and Option Prices in Options Market Research"
Journal of Financial and Strategic Decisions, 2, no. 1 (Spring 1989), pp. 1-9.
(with Deryl W. Martin)

"The Measurement of Option Mispricing"
Journal of Banking and Finance, 12 (1988), pp. 537-550.
(with Linda J. Martin)

"Share Price Level and Risk: Implications for Financial Management"
Managerial Finance, 14 (Number 2, 1988), pp. 6-15.
(with David A. Dubofsky)

"Sampling Error in First Order Stochastic Dominance"
Journal of Financial Research, 10 (Fall 1987), pp. 259-268.
(with William E. Stein and Roger C. Pfaffenberger)

"The Characteristics of Interest Rates and Stock Variances Implied in Option Prices"
Journal of Economics and Business, 39 (August 1987), pp. 279-288.
(with Deryl W. Martin)

"A Note on Interest Rates and the Risk of Bank and Savings and Loan Stock"
Financial Review, 21 (November 1986), pp. 551-558.
(with Donald R. Fraser)

"Implied Stock Price Volatility Changes Following Stock Splits"
Journal of Portfolio Management, 12 (Summer 1986), pp. 55-59.
(with David A. Dubofsky)

"Estimation Error and Portfolio Performance Evaluation"
Journal of Portfolio Management, 11 (Winter 1985), pp. 15-18.
(with Glenn V. Henderson, Jr.)

"The Weekend Effect on the Distribution of Stock Prices: Implications for Option Pricing"
Journal of Financial Economics, 13 (December 1984), pp. 547-559.

"Pricing the Shared Appreciation Mortgage in a Stochastic Environment"
Housing Finance Review, 3 (October 1984), pp. 431-443.
(with Richard L. Haney, Jr.)

"The CEPS Model for Common Stock Valuation: Comment"
Journal of Portfolio Management, 10 (Summer 1984), pp. 83-84.
(with Debra K. Dennis)

"Black-Scholes vs. Kassouf Option Pricing: An Empirical Comparison"
Journal of Business Finance and Accounting, 10 (Fall 1983), pp. 395-408.

"Risk and Return of Long and Short Option Portfolios Using the Black-Scholes Model"
Review of Business and Economic Research, 19 (Fall 1983), pp. 55-66.
(with Glenn V. Henderson, Jr.)

"Current Investor Expectations and Better Betas"
Journal of Portfolio Management, 10 (Winter 1983), pp. 12-18.
(with John C. Groth and James W. Kolari)

"Banking in the Texas Republic: A Study in Futility"
Texas Bankers Record, 70 (December 1981), pp. 11-12, 22-23.
(with Gerald D. Saxon)

"Substitute Hedged Option Portfolios: Theory and Evidence
Journal of Financial Research, 4 (Spring 1981), pp. 21-31.
(with Glenn V. Henderson, Jr.)

"Substitute Option Straddles"
Midsouth Journal of Economics, 5 (Fall 1981), pp. 1-6.