Image: John Howe
Finance, Financial Research Institute (FRI)

John S. Howe

Professor, Missouri Bankers Chair, Financial Research Institute Director
Phone
573-882-5357
Office
401 Cornell Hall

John Howe is Professor of Finance and the Missouri Bankers Chair at the University of Missouri. He has been at MU more than two decades, serving as and Chair of the Finance Department until 2019, and with prior appointments at Louisiana State University and the University of Kansas.

He earned his undergraduate degree (B.A.) from Colorado College and his graduate degrees (M.S., Ph.D.) from Purdue University. He is a Chartered Financial Analyst (CFA) as well as a Governance Fellow of the National Association of Corporate Directors. He serves on the boards of directors of several for-profit companies and has extensive non-profit board experience.

John’s research interests including banking, corporate governance, household finance, and behavioral economics. He has published extensively in the major journals in finance and accounting, and has more than 65 publications in peer-reviewed journals. He has been a visiting scholar at the University of Cambridge (U.K.) and Queensland University of Technology (Australia), and has taught courses for the banking group UBS (Switzerland).

John has won numerous teaching awards, including the William T. Kemper Fellow for Excellence in Teaching. He has taught at all levels including the executive MBA.

Education

BA, Colorado College, 1976; MS, Purdue University, 1978; PhD, Purdue University, 1981

Publications

Books

Howe, J. and Corrigan, R. (2017). The Foolish Corner: Avoiding Mind Traps in Personal Financial Decisions. Columbia, MO: Stuart Charles Group.

Journal Articles

Howe, J. and O’Brien, S. (2017), "CEO Compensation Practices around Spinoffs", Global Corporate Governance (Advances in Financial Economics, Vol. 19), Emerald Publishing Limited, pp. 167-208. https://doi.org/10.1108/S1569-373220160000019007

Finke, Michael S., John S. Howe, and Sandra J. Huston, “Old Age and the Decline in Financial Literacy,” Management Science, 63(1), 2017, pp. 213-230. Available online: http://pubsonline.informs.org/doi/abs/10.1287/mnsc.2015.2293

Xing, Xuejing, John S. Howe, Randy I. Anderson, and Shan Yan, “Labor Rights, Venture Capital, and Firm Performance,” Financial Management, 46(1), 2017, pp. 129-154.

Houston, Reza and John S. Howe, “Earnings Management, Earnings Surprises, and Distressed Firms,” Accounting and Finance Research 5(1), 2016, pp. 64-87.

K. Stephan Haggard, John S. Howe, and Andrew A. Lynch, “Do Baths Muddy the Waters or Clear the Air?” Journal of Accounting and Economics, 59, 2015, pp. 105-117.

K. Stephan Haggard and John S. Howe, “Bank Ownership, Free Cash Flow, and Agency Behavior,” Banking and Finance Review, 7(1), 2015, pp. 1-18.

John S. Howe and Scott W. O’Brien, “SPAC Performance, Ownership, and Corporate Governance,” Advances in Financial Economics 15, 2012, pp. 1-14.

John S. Howe and Biljana Nikolic, “Catering for Security Types: The Case of Warrants,” Review of Behavioral Finance 4 (1), 2012, pp. 28-45. Abstracted in the Journal of Economic Literature, June 2014.

K. Stephen Haggard and John S. Howe, “Are Banks Opaque?,” International Review of Accounting, Banking and Finance 4 (1), 2012, pp. 51-72. Abstracted in the Journal of Economic Literature, June 2014

John S. Howe and Chris Tamm, "Financial Contracting and Warrant Structure: Unit IPOs vs. Chapter 11 Reorganizations,” Accounting and Finance Research 1 (2), 2012, pp. 66-76. Abstracted in the Journal of Economic Literature, June 2014.

John S. Howe and David A. Maslar, “The Intra-Industry Effects of the Acquisition of Dow Jones,” Applied Economics Letters, 2011, 18, pp. 551-554. Abstracted in the Journal of Economic Literature, September 2011.

Matthew D. Crook and John S. Howe, “Analyst Coverage Initiations for Banking IPOs,” Banks and Banking Systems Volume 6, issue 2, 2011.

Grace Qing Hao and John S. Howe, “Does Merger Structure Matter?,” Managerial Finance 37 (12), 2011, pp. 1112-1136. Winner of the Highly Commended Award for papers published in Managerial Finance in 2011.

Gregory Gelles, John S. Howe, and Xuejing Xing, “Does It Pay to Disclose Managerial Earnings Information Early?,” Journal of Financial Research 34 (2), 2011, pp. 365-386.

John S. Howe and Chris Tamm, “Corporate Governance of Dual-Class Firms,” Advances in Financial Economics 14, 2011, pp. 1-18.

John S. Howe and Ravi Jain, “Testing the Trade-off Theory of Capital Structure,” Review of Business 31(1), Fall 2010, pp. 54-67.

John S. Howe and Shaorong Zhang, “SEO Cycles,” The Financial Review 45(3), August 2010, pp. 729-741.

Luis Garcia-Feijoo and John S. Howe, “Financial Contracting and Managerial Flexibility,” Quarterly Journal of Finance and Accounting 49 (2), Spring 2010, pp. 5-26. Abstracted in the Journal of Economic Literature, March 2012.

John S. Howe and Brett C. Olsen, “Security Choice and Corporate Governance,” European Financial Management 15(4), July 2009, pp. 814-843.

John S. Howe, Emre Unlu, and Xuemin (Sterling) Yan, “The Predictive Content of Aggregate Analyst Recommendations,” Journal of Accounting Research 47(3), June 2009, pp. 799-821. Abstracted in the Journal of Economic Literature, September 2009. Abstracted in the CFA Digest, November 2009.

Matteo P. Arena and John S. Howe, “Takeover Exposure, Agency, and the Choice Between Private and Public Debt,” Journal of Financial Research 32(2), Summer 2009, pp. 199-230. Abstracted in the Journal of Economic Literature, March 2010.