John S. Howe
Missouri Bankers Chair and Professor of Finance
At the University of Missouri since 1994

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• Education
• Experience
• Research
• Awards and Honors
• Teaching
• VITAE

Research

ARTICLES

• Matteo P. Arena and John S. Howe, “A Face Can Launch a Thousand Shares,” Journal of Behavioral Finance,
             forthcoming.


• Charles W. Howe and John S. Howe, “The Performance of Water Service Industry Stock Prices and
             Sensitivity to Highly Publicized Contract Failures,” Water International 31, 2006, pp. 448-454.


• John S. Howe and Hongbok Lee, “The Long Run Stock Performance of Preferred Stock Issuers,” Review of
             Financial Economics 15(3), 2006. pp. 237-250.
                         Abstracted in the Journal of Economic Literature, March 2007.


• John S. Howe and Ravi Jain, “Share Repurchase Programs by Banks,” Banks and Banking Systems 1(2), 2006, pp.
             90-102.


• Luis Garcia- Feijóo, John S. Howe, and Tie Su, “Completely Predictable and Fully Anticipated? Step Ups in
             Warrant Exercise Prices,” Applied Economic Letters 12, 2005, pp. 561-565.
                         Abstracted in the Journal of Economic Literature, March 2006.


• Luis Garcia- Feijóo and John S. Howe, “The Matching of Financial and Real Investment Options: Evidence from
             Warrant Calls,” The Journal of Financial Research XXVII, No. 4, Winter 2005, pp. 609-620.
                         Abstracted in the Journal of Economic Literature, June 2006.


• Luis Garcia- Feijóo, John S. Howe, and Randy D. Jorgensen, “Liquidity Costs and the Information Content of
             Calls of Warrants: Intra-Industry Evidence,” Investment Management and Financial Innovations 1/2005,
             pp. 70-81.
                         Abstracted in the Journal of Economic Literature, September 2005.


• John S. Howe and Hongbok Lee, “Corporate Governance Characteristics of Firms that Issue Preferred Stock,”
             Advances in Financial Economics 9, 2004, 29-53.


• John S. Howe and Ravi Jain, “The REIT Modernization Act of 1999,” Journal of Real Estate Finance and
             Economics 28, 2004, 369-388.


• Xuejing Xing and John S. Howe, “The Empirical Relationship Between Risk and Return: Evidence from the U.K.
             Stock Market,” International Review of Financial Analysis 12, 2003, pp. 329-346.
                         Abstracted in the Journal of Economic Literature, December 2003.


• John S. Howe and Kent P. Ragan, “Price Discovery and the International Flow of Information,” Journal of
             International Financial Markets, Institutions & Money, July 2002, pp. 201-215.
                         Abstracted in the CFA Digest, November 2002.
                         Abstracted in the Journal of Economic Literature, December 2002.


• John S. Howe and Tie Su, “Discretionary Reductions in Warrant Exercise Prices,” Journal of Financial
             Economics, August 2001, pp. 227-252.
                         Abstracted in the Journal of Economic Literature, December 2001.


• Janice C.Y. How and John S. Howe, “Warrants in Initial Public Offerings: Empirical Evidence,” Journal of
             Business, July 2001, pp. 433-457.
                         Abstracted in the Journal of Economic Literature, December 2001.


• John S. Howe, Deryl W. Martin, and Bob G. Wood, Jr., “Much Ado About Nothing: Long-Term Memory in
             Pacific Rim Equity Markets,” International Review of Financial Analysis, November 1999, pp. 139-151.
                         Abstracted in the Journal of Economic Literature, March 2001.


• John S. Howe, Ji-Chai Lin and Ajai K. Singh, “Clientele Effects and Cross-Security Market Making: Evidence from
             Calls of Convertible Preferred Securities,” Financial Management, Winter 1998, pp. 41-52.


• John S. Howe and Yang-pin Shen, “Information Associated with Dividend Initiations: Firm-Specific or Industry-
             Wide?,” Financial Management, Autumn 1998, pp. 17-26.
                         Abstracted in the I/B/E/S Research Bibliography, 6th edition (May 2000).


• John S. Howe, Deryl W. Martin and Bob G. Wood, Jr., “Fractal Structure in the Pacific Rim,” Advances in Pacific
             Basin Financial Markets, Vol. IV, JAI Press, 1998, pp. 143-158.


• Sandra Chamberlain, John S. Howe and Helen Popper, “The Exchange Rate Exposure of U.S. and Japanese
             Banking Institutions,” Journal of Banking and Finance, June 1997, pp. 871-892.


• Janice C.Y. How and John S. Howe, “Sources of Return Volatility: Evidence from Australian ADRs,” Advances in
             Pacific Basin Financial Markets, Vol. III, JAI Press, 1997, pp. 101-110.


• John S. Howe, Soktae Kim and Euiseong Lee, “The Aftermarket Performance of IPOs: The Korean Experience,”
             Advances in Pacific Basin Financial Markets, Vol. II, JAI Press, 1996, pp. 157-169.


• John S. Howe, “In-the-Money Warrant Extensions,” The Financial Review, May 1996, pp. 407-429.


• John S. Howe and Bob G. Wood, Jr., “An Investigation of Calendar Anomalies in Pacific Rim and U.S. Equity
             Markets,” Studies in the Financial Markets of the Pacific Basin, JAI Press, 1994, pp. 19-37.


• John S. Howe and Peihwang Wei, “The Financing Decisions of REITs: The Case of Warrant Extensions,” Journal
             of Real Estate Finance and Economics, May 1994, pp. 235-243.


• Mustafa Chowdhury, John S. Howe and Ji-Chai Lin, “The Relation Between Aggregate Insider Transactions and
             Stock Market Returns,” Journal of Financial and Quantitative Analysis, September 1993, pp. 431-437.


• John S. Howe and Peihwang Wei, “The Valuation Effects of Warrant Extensions,” Journal of Finance, March
             1993, pp. 305-314.
                         Abstracted in the Journal of Economic Literature, September 1993.


• W. Van Harlow and John S. Howe, “Leveraged Buyouts and Insider Nontrading,” Financial Management, Spring
             1993, pp. 109-118.


• John S. Howe, Jeff Madura and Alan L. Tucker, “International Listings and Risk,” Journal of International Money
             and Finance, February 1993, pp. 99-110.
                         Abstracted in the Journal of Economic Literature, September 1993.


• John S. Howe and Ji-Chai Lin, “Dividend Policy and the Bid-Ask Spread: An Empirical Analysis,” Journal of
             Financial Research, Spring 1992, pp. 1-10.
                         Abstracted in the CFA Digest, Summer 1992.


• John S. Howe and Ji-Chai Lin, “The Bid-Ask Spreads of American Depositary Receipts,” Pacific-Basin Capital
             Markets Research, Vol. III, 1992, pp. 391-404.


• John S. Howe and Jeff Madura, “The Impact of International Listings on Risk: Implications for Capital Market
             Integration,” Journal of Banking and Finance, December 1990, pp. 1133-1142.
                         Abstracted in the Journal of Economic Literature, June 1992.


• John S. Howe and James D. Shilling, “REIT Advisor Performance,” Journal of the American Real Estate and
             Urban Economics Association, Winter 1990, pp. 479-500.
             Ji-Chai Lin and John S. Howe, “Insider Trading in the OTC Market,” Journal of Finance, September 1990, pp.
             1273-1284.
                         Abstracted in the Journal of Economic Literature, March 1991.
  John S. Howe and James D. Shilling, “Capital Structure Theory and REIT Security Offerings,” Journal of Finance,
  September 1988, pp. 983-993.
                         Abstracted in the Journal of Economic Literature, March 1989.


• John S. Howe and Kathryn Kelm, “The Stock Price Impacts of Overseas Listings,” Financial Management,
             Autumn 1987, pp. 51-56.


• Douglas A. Houston and John S. Howe, “The Ethics of Going Private,” Journal of Business Ethics, October 1987,
             pp. 519-525.


• John S. Howe, “Good News and Bad News: Does the Stock Market Overreact?,” AAII Journal, October 1987,
             pp. 7-10.


• Keith C. Brown and John S. Howe, “On the Use of Gold as a Fixed-Income Security,” Financial Analysts Journal,
             July/August 1987, pp. 73-76.


• R. Corwin Grube, O. Maurice Joy and John S. Howe, “Some Evidence on Stock Returns and Security Credit
             Regulations in the OTC Equity Market,” Journal of Banking and Finance, March 1987, pp. 17-31.


• John S. Howe and Gary G. Schlarbaum, “S.E.C. Trading Suspensions: Empirical Evidence,” Journal of Financial
             and Quantitative Analysis, September 1986, 323-333.
                         Abstracted in the CFA Digest, Spring 1987.


• John S. Howe, “Evidence on Stock Market Overreaction,” Financial Analysts Journal, July/August 1986, pp. 74-77.


• Douglas A. Houston and John S. Howe, “An Economic Rationale for Couponing: Reply,” Quarterly Journal of
             Business and Economics, Autumn 1986, pp. 75-76.


• Douglas A. Houston and John S. Howe, “An Economic Rationale for Couponing,” Quarterly Journal of Business
             and Economics, Spring 1985.
                         Abstracted in the Journal of Economic Literature, June 1986.


• John S. Howe and William L. Beedles, “Defensive Investing Using Fundamental Data,” The Journal of Portfolio
             Management, Winter 1984, pp. 14-17.


• John S. Howe, “The Role of Patents in a Free Society,” The Free Philosopher Quarterly, Spring 1984, pp. 1-4.


• John S. Howe, “A Rose By Any Other Name? A Note on Corporate Name Changes,” The Financial Review,
             November 1982, pp. 271-278.

MONOGRAPH

• S.E.C. Trading Suspensions. New York: Garland Publishing Inc., 1993.

PRESENTED PAPERS

• “Takeover Exposure, Agency, and the Choice Between Private and Public Debt” (with Matteo P. Arena)
             •Financial Management Association, October 2007.
             Designated a “Top 10%” paper.


• “Managerial Discretion and Firm Cash Policy: Evidence from the Adoption of Anti-Takeover Legislation” (with
             Ravi Jain and Raynolde Pereira).
             •Financial Management Association, October 2007.


• “Are Banks Opaque?” (with K. Stephen Haggard)
             •Financial Management Association, October 2007.


• “The Predictive Content of Aggregate Analyst Recommendations” (with Xuemin Yan and Emre Unlu)
             •American Finance Association, January 2007.


• “Underwriting in Hot and Cold Markets” (with Shaorong Zhang)
             •Financial Management Association, October 2006.


• “Security Choice and Corporate Governance” (with Brett C. Olsen)
             •Financial Management Association, October 2006.


• “Divergence between cash flow rights and control rights, proxy contests and firm value in Taiwan” (with Y.
             Chris Liao)
             •13th Conference on the Theories and Practices of Securities and Financial Markets,
                 December 2005.


• “Bank Dividends” (with K. Stephen Haggard)
             •Financial Management Association, October 2005.


• “Share Repurchase Programs by Banks” (with Ravi Jain)
             •Financial Management Association, October 2005.


• “The Cycle of Seasoned Equity Offerings and its Relation to the Cycle of Initial Public Offerings” (with Shaorong
             Zhang)
             •Financial Management Association, October 2005.


• “The Determinants of Ownership and Board Structures in Spin-offs” (with Ravi Jain)
             •Southwestern Finance Association, March 2005.


• “The Long-Run Performance of Preferred Stock Issuers” (with Hongbok Lee)
             •Academy of Finance (Midwest Business Administration Association), March 2005.


• “Financial Contracting and Managerial Flexibility” (with Luis Garcia-Feijóo)
             •Northern Arizona University, September 2003.
             •Contracting and Organizations Research Institute (MU), November 2002.
             •Erasmus University/Tinbergen Institute (Rotterdam), October 2002.
             •Financial Management Association, October 2002.


• “What’s Different About Regulated Firms that Issue Warrants?” (with Xuejing Xing)
             •Financial Research Institute (FRI) Research Symposium, November 2001.


• “Price Discovery and the International Flow of Information” (with Kent P. Ragan).
             •Financial Management Association, October 2001.
             •Midwest Finance Association, March 2001.


• “Discretionary Reductions in Warrant Exercise Prices” (with Tie Su).
             •Financial Management Association, October 2000.


• “Illusions in Pacific Rim Index Futures” (with Deryl W. Martin and Bob G. Wood, Jr.).
             •Southwestern Finance Association, March 1999.


• “Analyst Earnings Forecasts for Dividend-Initiating Firms” (with Yang-pin Shen).
             •Financial Management Association, October 1998.


• “Sleight of Hand: The Case of Long-Term Memory in Pacific Rim Equity Futures” (with Deryl W. Martin and
             Bob G. Wood, Jr.).
             •Financial Management Association, October 1998.


• “The Intra-Industry Effects of Dividend Initiations” (with Yang-pin Shen).
             •Financial Management Association, October 1997.


• “Pacific Rim Memory: Long or Short?” (with Deryl W. Martin and Bob G. Wood, Jr.).
             •Financial Management Association, October 1997.


• “Risk Clienteles and Cross-Security Marketmaking: Evidence from Calls of Convertible Preferred Securities” (with
             Ji-Chai Lin and Ajai K. Singh).
             •FMA European Conference, Zurich, Switzerland, May 1997.
             •Financial Management Association, October 1995.


• “The Exchange Rate Exposure of U.S. and Japanese Banking Institutions” (with Sandra Chamberlain and Helen
  Popper).
             •Risk Management in Banking (Wharton), October 1996.
             •Financial Management Association, October 1996.
             •American Accounting Association, August 1996.
             •APFA/PACAP Finance Conference, Taipei, Taiwan, July 1996.
             •Third Annual Conference on Global Financial Issues (Global Finance Association), April 1996.


• “Fractal Structure in Pacific Rim Index Returns” (with Deryl W. Martin and Bob G. Wood, Jr.).
             •Eastern Finance Association, April 1997.
             •Southwest Finance Association, March 1997.
             •Financial Management Association, October 1996.
             •APFA/PACAP Finance Conference, Taipei, Taiwan, July 1996.


• “Regulatory Reform and Risk: Evidence from the United Kingdom.”
             •Financial Research Institute Research Symposium, January 1996.
  “Sources of Return Volatility: Evidence from Australian ADRs” (with Janice C. Y. How).
             •Third Conference on Pacific Basin Business, Economics and Finance, Taipei, Taiwan, August 1995.


• “The Use of Warrants in Initial Public Offerings” (with Janice C.Y. How).
             •Academy of International Business Southeast of Asia Conference, Perth, Australia, June
                        1995.
  “The Pricing of Package IPOs in Australia” (with Janice C. Y. How).
             •Sixth Annual Pacific-Basin Finance Conference, Jakarta, Indonesia, July 1994.


• “The Aftermarket Performance of IPOs: The Korean Experience” (with Soktae Kim and Euiseong Lee).
             •Sixth Annual Pacific-Basin Finance Conference, Jakarta, Indonesia, July 1994.


• “International Listings: The Case of Australian ADRs” (with Janice C.Y. How).
             •Fifth Annual Pacific-Basin Finance Conference, Kuala Lumpur, Malaysia, June 1993.


• “Seasonalities and the 1987 Crash: The International Evidence” (with Bob G. Wood, Jr.).
             •Fifth Annual Pacific-Basin Finance Conference, Kuala Lumpur, Malaysia, June 1993.


• “An Investigation of Calendar Anomalies in Pacific Rim and U.S. Equity Markets” (with Bob G. Wood, Jr.).
             •Financial Management Association, October 1992.


• “Evaluating the Performance of GNMA Mutual Funds” (with Richard K. Green and James D. Shilling).
             •Financial Management Association, October 1992.
             •ASSA, January 1992.


• “International Listings and Risk” (with Jeff Madura and Alan L. Tucker).
             •Fourth Annual Pacific-Basin Finance Conference, Hong Kong, July 1992.


• “Insider Trading and Stock Market Returns, Stock Market Returns and Insider Trading” (with Mustafa Chowdhury
             and Ji-Chai Lin).
             •Financial Management Association, October 1991.


• “The Bid-Ask Spreads of American Depositary Receipts” (with Ji-Chai Lin).
             •Third Annual Pacific-Basin Finance Conference, Seoul, Korea, June 1991.


• “Dividend Yield and the Bid-Ask Spread” (with Ji-Chai Lin).
             •Financial Management Association, October 1990.


• “REIT Advisor Performance” (with James D. Shilling).
             •ARES, March 1990.
             •ASSA, December 1989.


• “Going Private Transactions: Agency Issues and Insider Behavior” (with W. Van Harlow).
             •Financial Management Association, October 1988.


• “REIT Security Issues” (with James D. Shilling).
             •ASSA, December 1987.


• “Corporate Tax Heterogeneity and the Miller Hypothesis” (with James D. Shilling).
             •Financial Management Association, October 1987.


• “Changes in Security Regulation: Their Effect on Insider Trading” (with John Gergacz).
             •American Business Law Association, August 1987.


• “Gold Futures Prices as Predictors of Inflation” (with Keith C. Brown).
             •Eastern Finance Association, April 1986.


• “Some Evidence on Stock Returns and Security Credit Regulations in the OTC Equity Market” (with R. Corwin
             Grube and O. Maurice Joy).
             •Southwestern Finance Association, March 1985.


• “Rational Expectations in Finance”
             •University of Gadjah Mada, Yogyakarta, Indonesia, July 1983.

 

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