People Directory

Stephen P. Ferris

Senior Associate Dean for Graduate Studies & Research, and J.H. Rogers Chair of Money, Credit and Banking, and Director of the Financial Research Institute
Finance
Financial Research Institute (FRI)
Graduate Dean’s Office
Office: 
404F
Building: 
Cornell Hall
Phone: 
(573) 882-9905

His research interests include capital markets: the regulation of capital markets, corporate governance, bankruptcy and legal analysis of corporate activity. He has published in Journal of Finance, Financial Analysts Journal, Journal of Corporate Finance, Journal of Financial Services Research, Financial Review, International Review of Economics and Business, Pacific Basin Finance Journal, Journal of Political Economy and Journal of Business Finance and Accounting. He was the editor of The Financial Review from 1997-2003.

Education: 

B.A.Duquesne University

M.B.A, and Ph.D.,University of Pittsburgh

Publications

book

Stephen P. Ferris and Sanjiv Sabherwal, “Dividend Policy across Countries,” to be published in Survey of International Finance edited by H. Kent Baker and Leigh Riddick, Oxford University Press, 2012.

Allen C. Bluedorn and Stephen P. Ferris, “Temporal Depth, Age, and Organizational Performance,” a chapter published in Rethinking Time at Work, edited by Arne Kalleberg and Cynthia Epstein, New York: Russell Sage Foundation, 2004.

book chapters

Ferris, S. and Schnatterly, K. (2010).  International corporate governance and convergence.  Oxford University Press.  H. Kent Baker, ed.

capital markets: regulation and policy

“The Encouragement of Innovation Through Regulation of Equality of Access to the Capital Market,” (J. Hiller, S. Ferris, K. Denning and G. Wolfe), DePaul Business Law Journal, Vol. 5, No. 2, Spring/Summer 1993, pp. 237-259.


“The Impact of Trading Suspensions on Risk, Return and Volume Patterns,” (S. Ferris, R. Kumar and G. Wolfe), Financial Review, Vol. 27, No. 1, February, 1992, pp. 1-35.


“Financial Deregulation and Market Integration,” (R. Billingsley, V. Bonomo and S. Ferris), Journal of Financial Services Research, Vol. 6, 1992, pp. 137-155.


“The Impact of Capital Gains Tax Policy on Common Stock Returns,” (G. Noronha and S. Ferris), Economic Letters, Vol.40, No.1, September, 1992, pp.113-117.

“Mutual Fund Distribution Fees: An Empirical Analysis of the Impact of Deregulation,” (D. Chance and S. Ferris), Journal of Financial Services Research, Vol. 5, No. 1, March 1991, pp. 25-42.

“The Differential Impact of Federal Reserve Margin Requirements on Stock Returns,” (D. Chance, S. Ferris and R. Kumar), Financial Review, Vol. 26, No. 3, August, 1991, pp. 343-366.

“The Impact on Shareholders of Mutual Fund Distribution Expenses,” (D. Haskell, S. Ferris and D. Chance), Journal of Law and Commerce, Vol. 11, No. 1, Fall 1991, pp. 15-38.


“Margin Requirements and Stock Market Volatility,” (S. Ferris and D. Chance), Economic Letters, Vol. 28, 1988, pp. 251-254.


“The Impact of Regulation on the Riskiness of Electric Utilities,” (S. Ferris and A. Makhija), Economic Letters, November, 1987.


“An Empirical Analysis of Mutual Fund Expense Ratios: A Note,” (S. Ferris and D. Chance), Journal of Finance, Vol. XLII, No.4, September, 1987, pp. 1077-1082.


“Regulatory Environment and Market Response to Public Utility Rate Decisions,” (S. Ferris, D. Johnson and D. Shome), Journal of Financial Research, Winter, 1986, Vol. IX, No. 4, pp. 313-318.

corporate finances

“The Effect of Issuer Conservatism on IPO Pricing and Performance,” (S. Ferris, G. Hao and M.Y. Liao), Review of Finance, forthcoming

“It Takes Two: The Incidence and Effectiveness of co-CEOs,” (M. Arena, S. Ferris and E. Unlu), The Financial Review, Vol. 46, No. 3, August 2011, 385-412.


“Reaching for the Stars: The Appointment of Celebrities to Corporate Boards,” (S. Ferris, K. Kim, T. Nishikawa, and E. Unlu), International Review of Economics, Vol. 58, No.4, 2011, 337-358.


“Share Repurchase, Information Asymmetry, and Managerial Market Timing: A Cross Country Analysis,” (J. Howe, S. Ferris, W. Rowe and C. Wang), The International Journal of Finance 21, No. 4, 2010, pp. 6201 – 6223.

“Firm Value and the Diversification Choice: International Evidence from Global and Industrial Diversification, (S. Ferris, N. Sen and N.T. Thu), Applied Economic Letters, 2010, Vol. 17, Issue 11, pp. 1027-1031.

“The Effects of Regulation on Industry Structure and Trade Generation in the U.S. Securities Industry,” (H. Choi, J. Clarke, S. Ferris and N. Jayaraman), Journal of Banking and Finance, Vol. 33, No. 8, August 2009, 1434-1445.


“Agency Costs, Governance, and Organizational Forms: Evidence from the Mutual Fund Industry,” (S. Ferris and S. Yan), Journal of Banking and Finance, Vol. 33, No. 4, April 2009, 619-626.

“The Effect of Cross-Listing on Corporate Governance: A Review of the International Evidence,” (S. Ferris, K. Kim and G. Noronha), Corporate Governance: An International Review, Vol. 17, No. 3, May 2009, 338-352.


“The Corporate Effects of Equity Block Creation and Elimination,” (S. Ferris and S. Saensuk), Applied Economic Letters 15, March-May 2008, 431-436.

“Agency Conflicts in Delegated Portfolio Management,: Evidence from Namesake Mutual Funds,” (S. Ferris and S. Yan), Vol. XXX, Journal of Financial Research, No. 4, Winter 2007, 473-494.

“Derivative Lawsuits as a Corporate Governance Mechanism: Empirical Evidence on Board Changes Surrounding Filings,” Journal of Financial and Quantitative Analysis, Vol. 42, No. 1, March 2007, 143-166.

“Do Independent Directors and Chairmen Really Matter: The Role of Boards of Directors in Mutual Fund Governance,” (S. Ferris and S. Yan), Journal of Corporate Finance, Vol. 13, No. 2 & 3, June 2007, 392-420.

“When Firms Bypass Shareholder Approval of Board Appointments: Evidence from the Private Market,” (M. Arena and S. Ferris), Journal of Corporate Finance, Vol. 13, No. 4, September 2007, 485-510.

“Are Analyst Recommendations Biased? Evidence from Corporate Bankruptcies,” (J. Clarke, S. Ferris, J. Lee and N. Jayaraman), Journal of Financial and Quantitative Analysis, Vol. 41, No.1, March 2006, 169-196.

“Risk and Wealth Effects of U.S. Firm Joint Venture Activity,” (K. Denning, H. Hulburt and S. Ferris), Review of Financial Economics, vol 15, 2006, pp. 271-285.


“The Influence of State Legal Environments on Firm Incorporation Decisions and Values”, (S. Ferris, R. Lawless and G. Noronha), Journal of Law, Economics and Policy, Vol. 2, No. 1, 2006, 1-28.

“The Price of Corporate Acquisition: Determinants of Cash Takeover Premia” (V. Gondhalekar, R. Sant and S. Ferris), Applied Economics Letters, vol. 11, No. 12, October 2004, pp. 735-739.

“Anti-takeover Amendments and Managerial Myopia: The Case of R&D Expenditures,” (S. Ferris, A. Malekzadeh, V. McWilliams, and N. Sen), International Review of Economics and Business, 2003, vol. 50, no. 3, pp. 415-430.

“Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments,” (S. Ferris, M. Jagannathan and A. Pritchard), Journal of Finance, 2003, vol. 58, No.3, 1087-1111.

“How Different is the Long-Run Performance of Mergers in the Telecommunications Industry?” (S. Ferris and K. Park), Advances in Financial Economics, vol. 7, 2002, 127-144.

“The Incidence and Determinants of Multiple Corporate Directorships,” (S. Ferris and M. Jagannathan), Applied Economics Letters, vol. 8, 2001, 31-35.

“Serial Bankruptcy: Plan Infeasibility or Just Bad Luck?” (K. Denning, S. Ferris and R. Lawless), Applied Economics Letters, vol. 8, 2001, 105-109.


“Information Asymmetry and the Issuance of New Equity,” (R. D. Mello and S. Ferris), Financial Management, Vol. 29, no. 1, Spring 2000, 78-95.

“Security Analysis and Corporate Diversification,” (S. Ferris and A. Sarin), Advances in Financial Economics, vol. 5, 2000, 139-158.


“The Direct Costs of Chapter 11 Bankruptcies,” (R. Lawless and S. Ferris), University of Pittsburgh Law Review, Vol. 61, Issue 3, Spring 2000, 629-669.


“Warm with Sunny Skies: Disclosure Statement Forecasts,” (B. Betker, S. Ferris and R. Lawless), American Bankruptcy Law Journal, Fall, 1999, Vol. 73, 809-836.

“An Agency Analysis of the Effect of Long-Term Performance Plans on Managerial Decision Making,” (S. Ferris, R. Kumar, R. Sant and P. Sopariwala), Quarterly Review of Economics and Finance,Vol. 38, No. 1, Spring 1998, 73-91.

“The Influence of Legal Liability on Corporate Financial Signaling,” (R. Lawless, S. Ferris and B. Bacon), Journal of Corporation Law, vol. 3, no. 2, Winter, 1998, 209-243.

“The Influence of Equity Ownership Structure on Corporate Risk-Taking and Financial Policy,” (V. Awasthi, S. Ferris and A. Sarin), Advances in Financial Economics, Vol. 3, 1997, 33-60.

“Direct Costs of Bankruptcy: Evidence from Filings of Liquidations and Reorganizations by Small Firms,” (S. Ferris, N. Jayaraman and A. Makhija), Advances In Financial Economics, Vol. 3, 1997, 159-186.

“The Response of Competitors to Announcements of Bankruptcy: An Empirical Examination of Contagion and Competitor Effects,” (S. Ferris, N. Jayaraman and A. Makhija), Journal of Corporate Finance, 1997, Vol. 3, 367-395.

“Professional Fees and Other Direct Costs in Chapter 7 Business Liquidations,” (R. Lawless and S. Ferris), Washington University Law Quarterly, 1997, Vol. 75, No. 3, pp. 1207-1236.


“Managerial, Blockholder, and Institutional Equity Ownership and Corporate Risk-Taking,” (P. Wright, S. Ferris, A. Sarin and V.A. Awasthi), Academy of Management Journal, Vol. 39, No. 2, 1996, pp. 441-463.


“Industry-Wide Effects of Corporate Bankruptcy Announcements,” (R. Lawless, S. Ferris, N. Jayaraman and A. Makhija), Bankruptcy Developments Journal, Vol. 12, No. 2, 1996, pp. 293-319.


“The Impact of Chapter 11 Filings of the Risk and Return of Securityholders, 1979-1989", (S. Ferris, N. Jayaraman and A. Makhija), Advances in Financial Economics, vol. 2, 1996, pp. 93-118.

“The Underwriter Selection Process for IPOs: A Logit Analysis,” (G. Wolfe, E. Cooperman and S. Ferris), Journal of Financial Research, Vol. XVII, No. 1, Spring 1994, pp. 77-90.

“A Glimpse at Professional Fees and Direct Costs in Small-Firm Bankruptcies,” (R. Lawless, S. Ferris, N. Jayaraman and A. Makhija), University of Illinois Law Review, Vol. 1994, No. 4, pp. 847-888.


“Seasoned Equity Offerings: The Case of All-Equity Firms,” (R. Sant and S. Ferris), Journal of Business Finance and Accounting, Vol. 21, No. 3, April, 1994, pp. 429-444.

“Bond Risk and Corporate Debt Capacity,” (K. Chung and S. Ferris), International Review of Economics and Business, Vol. 40, No. 10/11, October-November 1993, pp. 847-863.


“IPO Underpricing, Firm Quality, And Subsequent Reissuance Activity,” (K. Denning, S. Ferris and G. Wolfe), Journal of Small Business Finance, Vol. 2, No.1, 1992/1993, pp. 71-86.


“An Analysis And Recommendation For Prestigious Underwriter Participation In IPO's,” (S. Ferris, J. Hiller, G. Wolfe and E. Cooperman), Journal of Corporation Law, Vol. 17, No. 3, Spring 1992, pp. 581-603.

“Corporate Capital Investment Under Inflation,” (S. Ferris and A. Makhija), Journal of Business Research, Vol. 16, No. 3, May, 1988, pp. 251-259.

corporate management and policy

“Financial Theory and Practice in the Application of TQM: The Case of IBM Rochester,” (S. Ferris, R. Quint and R. Sant), Journal of Managerial Issues, Spring 1998, Vol. X, No. 1, 13-29.

“Agency Conflict and Corporate Strategy: The Effect of Divestment on Corporate Value,” (P. Wright and S. Ferris), Strategic Management Journal, Vol. 18, 1997, pp. 77-83.


“Agency Influences on Risk Reduction and Operating Performance: An Empirical Investigation Among Strategic Groups,” (R. Veliyath and S. Ferris), Journal of Business Research, Vol. 39, No. 3, July 1997, 219-230.


“Competitiveness Through the Management of Diversity: The Effect On Stock Valuation,” (P. Wright, S. Ferris, J. Hiller and M. Kroll), Academy of Management Journal, Vol. 38, No. 1, 1995, pp. 272-287.


“The Linkage Between Organization Strategy And Top Management Compensation: An Empirical Investigation,” (R. Veliyath, S. Ferris and K. Ramaswamy), Journal of Business Research, Vol. 30, No. 2, June 1994, pp. 149-159.


“Separating Myth from Reality: An Economic Analysis of Voluntary Affirmative Action Programs,” (J. Hiller and S. Ferris), Memphis State University Law Review, Vol. 23, No. 4, Summer 1993, pp. 773-803.


“The Effect of Corporate Name Changes on Shareholder Wealth,” (S. Ferris), Journal of Applied Business Research, Vol. 4, No. 3, Summer, 1988, pp. 40-49.

international finance

“Managerial Overconfidence and International Merger and Acquisition Activity,” (S. Ferris, N. Jayaraman and S. Sabherwal), Journal of Financial and Quantitative Analysis, forthcoming.

“European Corporate Governance Codes: An Empirical Analysis of Their Variability, Convergence and Impact,”(S. Ferris, A. Kammel and G. Noronha), European Financial Management, forthcoming

“The More, the Merrier: An International Analysis of Dividend Payment Frequency,” (S. Ferris, G. Noronha and E. Unlu), Journal of Business Finance and Accounting, 37 (1&2), 2010,
148-170.

“Investor Protection Effects on Corporate Liquidity and the Cost of Capital,” (M. Chhabra, S. Ferris and N. Sen), Applied Economics Letters, Vol. 16, Issue 8, 2009, pp. 819-826.

“An International Analysis of Dividend Payment Behavior,” (S. Ferris, N. Sen and E. Unlu), Journal of Business Finance and Accounting, Vol. 36, No. 3-4, April/May 2009, 496-522.


“Catering Effects in Corporate Dividend Policy: The International Evidence,” (S. Ferris, N. Jayaraman and S. Sabherwal), Journal of Banking and Finance, Vol. 33, No. 9, September 2009, 1730-1738.

“Characteristics and Behavior of Newly Listed Firms: Evidence from the Asia-Pacific Region,” (S. Ferris, N. Jayaraman and S. Sabherwal), Journal of International Financial Markets, Institutions and Money, 17, (2007), 420-436. A


“Managerial Power in the Design of Executive Compensation: Evidence from Japan,” (S. Ferris, K. Kim, P. Kitsabunnarat and T. Nishikawa), Advances in Financial Economics (Issues in Corporate Governance and Finance), Vol. 12, 2007, 3-26.

“Are Fewer Firms Paying More Dividends?” (S. Ferris, N. Sen and H.P. Yui), Journal of Multinational Financial Management, October 2006, v. 16, 333-362.

“God Save the Queen and Her Dividends: Declining Corporate Payouts in the U.K.”, (S. Ferris, N.Sen and H.P. Yui), Journal of Business, Vol. 79, No. 3, May 2006, 1149-1173.

“Foreign Ownership and Firm Value: Evidence from Japan,” (K. Park and S. Ferris), Advances in Financial Economics ( Corporate Governance: A Global Perspective), vol. 11, 2005.

“IPO Underpricing Over Time: Evidence from the U.K.,” (S. Ferris, G. Noronha and E. Unlu), Applied Economic Letters, 2004, vol. 11, pp. 5-9.

“The Costs (And Benefits?) Of Diversifed Business Groups: The Case of Korean Chaebols,” (S. Ferris, K. Kim and P. Kitsabunnarat), Journal of Banking and Finance, Vol. 27, No.2, February, 2003, 251-273.

“Corporate Governance in Singapore: The Impact of Directors’ Equity Ownership”,(G..Bharba, S. Ferris, and N. Sen), Advances in Financial Economics, vol. 8, 2003, pp. 29-46.

“Corporate Focus versus Diversification: The Role of Growth Opportunities and Cashflow,” (S. Ferris, N. Sen, C.Y. Lim and G. Yeo), Journal of International Financial Markets, Institutions and Money, 2002, vol. 12, 231-252.


“The Use of Convertible and Warrant Bonds by Japanese Firms: Risk-Shifting or Delayed Issuance of Equity?” (S. Ferris, H. Jo, J. Pinkerton and A. Sarin), Advances in Financial Economics, vol. 7, 2002, 185-207.

“Long Term Performance Following the Issuance of New Equity: Evidence from Japan,” (S. Ferris, R. Kumar, G. Noronha and N. Sen) Advances in Financial Economics, vol. 5, 2000, 105-138.

“Automated Trade Execution and Trading Activity: The Case of the Vancouver Stock Exchange,” (S. Ferris, T. McInish, and R. Wood), Journal of International Financial Markets, Institutions and Money, 1997, Vol. 7, 61-72.

“New Equity Offerings in Japan: An Examination of Theory and Practice,” (S. Ferris, G. Noronha and T. McInish), Journal of International Financial Markets, Institutions and Money, 1997, Vol. 7, 185-200.

“Emerging Middle Eastern Capital Markets: The Case of the Bombay Stock Exchange,” (A. Al-Alawi, S. Ferris and J. Stowe), International Review of Economics and Business, vol. XLIII, no. 3, August-September 1996, pp. 681-694.


“Valuing an East European Company,” (S. Ferris, Y.P. Joshi and A. Makhija), International Journal of Strategic Management: Long Range Planning, Vol. 28, No. 6, 1995, pp. 48-60.

“The Role of Corporate Groupings in Controlling Agency Conflicts: The Case of Keiretsu,” (S. Ferris, R. Kumar and A. Sarin), Pacific Basin Finance Journal, Vol. 3, No. 2/3, 1995, pp. 319-335.


“Foreign Direct Investment In An Emerging Market Economy: The Case of Romania,” (S. Ferris, G.R. Thompson, and C. Valsan), Eastern European Economics, July-August 1994, Vol. 32, No. 4, pp. 81-95.

“The Information Content of Central Bank Discount Rate Changes: An International Comparison,” (V. Bonomo, S. Ferris and R. Lamy), International Review of Economics and Finance, Vol. 3, No. 3, 1994, pp. 279-307.


“Equity Return Behavior in an Emerging Market: The Case of the Bombay Stock Exchange,” (D. Vakil, J. Hall and S. Ferris), International Journal of Development Banking, Vol, 12, No. 2, July 1994, pp. 29-36.


“Managerial Response To A Hostile Takeover In An Uncertain Legal Environment: The Case of Union Carbide,” (R. Sant and S. Ferris), Columbia Journal of World Business, Winter 1993, Vol. XXVIII, No. IV, pp. 74-92.

“The International Impact of Federal Discount Rate Changes: Evidence from ADRs,” (G. Noronha, V. Bonomo and S. Ferris), Economic Letters, Vol. 43, 1993, pp. 211-218.


“The Impact of Discount Rate Changes on Equity Markets: The Evidence from the G-7 Countries,” (V. Bonomo, S. Ferris and R. Lamy), Journal of International Financial Markets, Institutions and Money, 1991, Vol. 1, No. 3, pp. 85-104.

investments: market behavior and microstructure


“The Informational Quality of Implied Volatility and the Volatility Risk Premium,” (S. Ferris, W. Kim and K. Park), Applied Economic Letters, forthcoming

“Trading Activity at the Turn-of-the-Year,” (R. D’Mello, S. Ferris, and C.Y. Hwang), Journal of Financial Markets, Vol. 6, No. 1, 2003, 73-98.


“A Microstructure Examination of Trading Activity Following Stock Splits,” (S. Ferris, C.Y. Hwang and A. Sarin), Review of Quantitative Finance and Accounting, Vol 5, No. 1, March 1995, pp. 27-41

“Long and Short Term Price Memory in the Stock Market,” (K.V. Chow, K. Denning, S. Ferris, and G. Noronha), Economic Letters, Vol. 49, 1995, pp. 287-293.


“Intraday Tests of the Effect of Option Expiration on Stock Prices,” (S. Ferris, D. Chance and G. Wolfe), Advances in Futures and Options Research, Vol. 5, 1991, pp. 149 - 174.

“Information Asymmetry and the Dealer's Bid-Ask Spread: The Case of Initial Public Offerings,” (G. Wolfe, S. Ferris and R. Sant), International Review of Economics and Business, Vol. XXXVII, No. 10-11, October - November, 1991, pp. 979-991.


“Stock Splits, the Bid-Ask Spread and the Information Hypothesis Concerning Stock Splits,” (K. Denning and S. Ferris), Journal of Applied Business Research, Summer 1989, Vol. 5, No.3, pp. 28-38.

“Hold Your Bets: Another look at the Efficiency of the Gambling Market for NFL Games,” (R. Sauer, V, Brajer, S. Ferris and W. Marr), Journal of Political Economy, Vol. 96, No.1, February, 1988, pp. 206-213.

“Contemporary Volume and Historic Volume at Differential Price Levels,” (S. Ferris, R. Haugen and A. Makhija), Journal of Finance, Vol. 43, No.3, July, 1988, pp. 677-697.

“An Empirical Test of the Information Hypothesis Concerning Stock Splits,” (K. Denning and S. Ferris), International Review of Economics and Business, Vol. XXXV, No. 10-11, October - November, 1988, pp. 1075-1084.


“Trading Time Effects in Financial and Commodity Futures Markets,” (S.Ferris and D. Chance), Financial Review, May, 1987, Vol. 22, No. 2, pp. 281-294.


“An Examination of Summer Rallies on Wall Street,” (D. Chance and S. Ferris), Financial Analyst Journal, Vol. 42, No. 1, January-February, 1986, pp. 6-9.

“The Non-Stationarity of Real Interest Rates,” (S. Ferris and R. Kumar) International Review of Economics and Business, October-November, 1986, Vol. XXXIII, No. 10-11, pp. 953-967.


“The CBOE Call Option Index: A Historical Record,” (D. Chance and S. Ferris), Journal of Portfolio Management, Fall, 1985, Vol. 12, No. 1, pp. 75-83.

investments: other

“Predicting Implied Volatility in Commodity Options Futures Markets,” (S. Ferris, W. Guo and T. Su), International Journal of Banking and Finance, January/April 2003, vol. 1, no. 1, pp. 73-94.


“Volatility, Open Interest, Volume and Arbitrage: Evidence from the S&P 500 Futures Market,” (S. Ferris, H. Park and K. Park), Applied Economics Letters, 2002, vol. 9, pp. 369-372.

“Mortgage Rates and the Pricing of Residential Housing,” (S. Ferris and R. Kumar), Review of Business and Economic Research, Vol. XXXIII, No. 1, Spring 1988, pp. 63-68.


“Tangible Assets as Investments: A Risk and Return Analysis,” (S. Ferris and A. Makhija), Akron Business and Economic Review, Vol. 18, No. 3, Fall 1987, pp. 115-128.


“A Search for Common Stock Inflation Hedges,” (S. Ferris and A. Makhija), Review of Business and Economic Research, Spring, 1987, Vol. 22, No. 2, pp. 27-35.


“The Effect of Aviation Disasters on the Transportation Industry: A Financial Market Perspective,” (D. Chance and S. Ferris), Journal of Transport Economics and Policy, Vol. XXI, No. 2, May 1987, pp. 151-165. Abstracted in the Journal of Economic Literature, Vol. XXVI, No. 1, March, 1988, p. 512.

“Collectibles: Are They Really Inflation-Proof?,” (S. Ferris and A. Makhija), American Association of Individual Investors Journal, Winter, 1986, Volume VII, No. 10, pp. 5-9.

Journal article

"Agency Conflicts in Delegated Portfolio Management: Evidence from Namesake Mutual Funds," with Steve Ferris, forthcoming in Journal of Financial Research.

"The Effect of Issuer Conservatism on IPO Pricing and Performance" (with Stephen Ferris and Stella Liao) Review of Finance, forthcoming. (Available at journal website and SSRN ).

"Do Independent Directors and Chairman Matter? The Role of Boards of Directors in Mutual Fund Governance," with Steve Ferris, Journal of Corporate Finance 13, 2007, 392-420.

law and finance

“Firm Value and Marketability Discounts,” (M. Bajaj, D. Denis, S. Ferris and A. Sarin), Journal of Corporation Law, Fall 2001, vol. 27, No. 1, 89-115.

“Air Disasters and Their Financial Effects on the International Aviation Industry: Justification for the Warsaw Convention,” (L. Moore and S. Ferris), Journal of Legal Studies in Business, Vol. 4, No. 1, 1995, pp. 107-121.


“Economics and the Rhetoric of Valuation,” (S. Ferris and R. Lawless), Journal of Bankruptcy Law and Practice, November/December 1995, Vol. 5, No. 1, pp. 3-28.

“Efficiency In Financial Contracting: Bond Covenants and Corporate Bankruptcy,” (S. Ferris, V. Goyal and N. Jayaraman), Journal of Business and Management, Vol. 2, No. 1, Fall 1994, pp. 102-126.


“The SEC Summary Suspension Power: An Empirical Study Indicates the Need for a Change,” (S. Ferris, J. Hiller, R. Kumar and G. Wolfe), Detroit Law Review, Vol. 1991, No. 1, Spring 1991, pp. 194-228. Abstracted in the Digest For Corporate and Securities Lawyers, Vol. 6, No. 2, February 1992, pg.3.

“An Analysis of the Impact of Negotiability,” (J. Hiller and S. Ferris), University of Kansas Law Review, Vol. 39, No. 2, Winter 1991, pp. 461-476.

“Use of Economic Analysis in Fraud on the Market Cases,” (J. Hiller and S. Ferris), Cleveland State Law Review, Vol. 38, No. 4, 1990, pp. 535-557.

“Variable Interest Rates and Negotiability: A Response,” (J. Hiller and S. Ferris), Commercial Law Journal, Vol. 94, No. 1, Spring 1989, pp. 48-56.

“Social Investing and Portfolio Management,” (S. Ferris and K. Rykaczewski), Business and Society, Spring, 1986, Vol. 25, No. 1, pp. 1-7.

pedagogy

“Ethics and the Ivory Tower: The Case of Finance Departments,” (K. Evans, S. Ferris, G. R. Thompson), Teaching Business Ethics, Vol. 2, 1998, pp. 17-34.


“Journal Influence on the Design of Doctoral Education,” (C. Corrado and S. Ferris), Journal of Finance, Vol. 52, No. 5, December, 1997, 2091-2102.