Department of Finance
134 Hofstra University
Ph: (516) 621-0390
Ph: (516) 463-5698
AREAS OF INTEREST
Teaching:
Business Finance, Financial Markets, and International Finance
Research:
International Financial Markets, Market Listings, Family-Owned Business, and Corporate Policies
EDUCATION
Ph.D.,
The
MBA,
Bachelor
of Science,
HONORS
The
DISSERTATION
International Debt Crises and their Implications for
Market Valuation in the Banking Industry.
EXPERIENCE
1996-to present,
1989-1996,
1988-89,
The
1984-88,
The
PUBLICATIONS
“Visibility Effects and Timing in Stock Listing Changes: Evidence from Operating Performance” co-authored with George Papaioannou and Nick Travalos, Quarterly Review of Economics and Finance, Vol 49, No. 2, 2009.
“Foreign
Currency Risk Management Practices in U.S. Multinationals,” co-authored with Seema Menon, The Journal of International Business and Law, Vol
4, No. 1, Spring 2005.
“The
Operating Performance of Firms that Switch their Stock Listing,” co-authored
with George Papaioannou and Nick Travlos,
Journal of Financial Research, Vol XXVI, No.
4, Winter 2003.
"Foreign
Companies Cross-Listing on
"A
Test of Marketability Gains from National Market System Phase-ins," co-authored with George Papaioannou
and Steven Krull, Quarterly Journal of Business
and Economics, Vol 36 No. 3, Summer 1997.
"Cross-Border
Mergers: The Acquisition of Pillsbury by Grand Met," (Sidebar), Corporate
Finance Review, Vol 1 No.2, 1997.
"Listing
in the
"Third
World Debt Default Announcements and Market Learning: Effects of Sequential
Debt Defaults on U.S. Banks," co-authored with George C. Philippatos, Managerial Finance, Vol
22 No. 7, 1996.
"The
Mexican Debt Moratorium and its Effects upon U.S. Bank Stock Values : Empirical
Tests on Major Event Windows," co-authored with George C. Philippatos, Global Finance Journal, Vol 5, No. 1, 1994.
"The
Brazilian Debt Crisis and Financial Markets: An Analysis of Major Economic
Events leading to the Brazilian Debt Moratorium," co-authored with George
C. Philippatos, Applied Financial Economics, Vol 1, No. 4, 1991.
ACross-Listing,
Firm Characteristics and the Legal Protection of Shareholders@, co-authored with
Edward Zychowicz and Wi Saeng Kim, 2004
Proceedings of the Global Business
Development Institute Conference, 2004.
CONFERENCE PAPERS
“Financial and Operating Performance of State-Owned, Family-Owned and Publicly-Owned Firms in India," presented at the 2009 AIMS7 Conference held at IIM-Bangalore, India, Dec 20-22, 2009.
"Market Reaction to Cross-Listing on U.S. Securities Exchanges: The Case of ADRs from Brazil, Russia, India and China,” co-authored with Ronak Shah, presented at the International Conference on Finance, Accounting and Global Investments, held at IMI, New Delhi, India, Aug 22-24, 2008.
"The Performance of Cross-Listed
Firms from Developing Countries: Evidence from ‘BRIC’ Cross-Listings in the
U.S.”, co-authored with Ronak Shah, presented at the AIMS Fourth International
Conference held in Indore, India, December 28-31, 2006.
“The
Timing and Revaluation Motives in Stock Listing Changes: Evidence From
Operating Performance”, co-authored with George Papaioannou
and Nickolaos Travlos, presented
at the AIMS Third International Conference held in Ahmedabad,
India, January 1-4, 2006.
Chaired
session on “Stock Markets”, at the AIMS Third International Conference held in
"Stock
Listing Changes: Timing or Signaling?", co-authored with George Papaioannou and Nickolaos Travlos, presented at the 2004 Financial Management
Association Meeting held in New Orleans, Louisiana, October 2004.
"Stock
Listing Changes: Timing or Signaling?", co-authored with George Papaioannou and Nickolaos Travlos, presented at the 2004 Eastern Finance Association
Meeting held in Mystic, Connecticut, April 21-24, 2004.
"Cross-Listing,
Firm Characteristics and the Legal Protection of Shareholders", co-authored with Edward Zychowicz
and Wi Saeng Kim, presented
at the 2004 Global Business Development Institute Conference held in
"Stock
Listing Changes: Timing or Signaling?", co-authored with George Papaioannou and Nickolaos Travlos, presented at the 2003 Multinational Finance
Society Meeting held in Montreal, June 30-July 2, 2003.
"The
Operating Performance of Firms that Switch their Stock Listing", co-authored with George Papaioannou
and Nickolaos Travlos,
presented at the 1999 Multinational Finance Society Meeting held in
"The Operating Performance of Firms that Switch
their Stock Listing," (with George Papaioannou
and Nickolaos Travlos),
presented at the annual meeting of the European Financial Management
Association,
"The
Operating Performance of Firms that Switch their Stock Listing", co-authored with George Papaioannou
and Nickolaos Travlos,
presented at the 1999 Eastern Finance Association Meeting held in
"The Operating
Performance of Firms that Switch their Stock Listing", co-authored with George Papaioannou
and Nickolaos Travlos,
presented at the 1998 Financial Management Association Meeting held in
"Listing
in the U.S. Markets by Foreign Firms: Factors Influencing Decision to List,"
presented at the Fourth Annual Global Finance Conference held in
"Listing
in the
"Cross-Border
Bank Mergers and Shareholder Wealth", co-authored with Edward Zychowicz and Kachun Peter Chan,
presented at the 1994 Eastern Finance Association Meeting held in
"A
Test of Marketability Gains from National Market Phase-Ins", co-authored
with George Papaioannou and Steven Krull, presented at the 1994 Eastern Finance Association
Meeting held in
"Foreign
Firms Cross Listing in the U.S. Markets : Recent
Evidence on Return and Risk, and Factors Affecting Decision to List",
presented at the 1994 Eastern Finance Association Meeting held in
"Government
Assisted Bank Consolidations and Commercial Bank Performance", co-authored
with Edward Zychowicz and Thomas Murray, presented at
the 1994 Midwest Finance Association Meeting held in
Chaired
Session on "International Finance" at the 1994 Eastern Finance
Association Meeting held in
Chaired
session on "International Financial Market Integration", 1993 Eastern
Finance Association Meeting held in
Discussed
paper titled "The Interest Rate Parity, Covered Interest Arbitrage and
Speculation Under Market Imperfection", at the
1993 Eastern Finance Association Meeting held in
Discussed
paper titled "The Brazilian Debt Moratorium and Japanese Bank
Stocks", at the 1993 Midwest Finance Association held in
Paper
presentation at the 1992 Financial Management Association Meeting held in
Chaired
session on "International Stock Market Linkages", 1991 Financial
Management Association Meeting held in
Paper
presentation at the 1990 ASSA meeting held in
Paper
presentation at the Sixth International Conference of the NAEFA held in Mexico
City, Aug 7-9 "An Analysis of Major
Economic Events Leading to the Mexican Debt Moratorium: Effects on the United
States Banking Industry"
Paper
presentation at the 1989 ASSA meeting held in
Paper
presentation at the 1989 FMA meeting held in
Paper
presentation at the 1989 EFA meeting held in
OTHER SCHOLARLY ACTIVITIES
Ad-hoc
Reviewer, The Financial Review and Financial Management
Book
Reviewer, Harper Collins Publishers, Irwin-McGraw Hill, Wiley, Academic Press
and D. C. Heath Publishers
Prentice
Hall Book Reviewer Conference
Program
Committee, Financial Management Association, Eastern Finance Association and
Editorial
Review Board, AIMS International Journal of Management, 2007 – present.
PROFESSIONAL CERTIFICATION
Chartered Financial Analyst (CFA Institute)
DEPARTMENT, SCHOOL AND UNIVERSITY SERVICE
Associate,
Department
of Finance Textbook and Curriculum Committee, 1994 - 2004, 2005 - present
Department
of Finance Seminar Series Coordinator, 1996 - 2003
Department
of Finance DPC, 1996 - present
Faculty
Affairs Committee and University Senate, 2007 - present
Faculty
Affairs Committee and University Senate, 2000 - 2001
Planning
and Budget Committee, University Senate, 1994-1997
OTHER ACTIVITIES
Outside
Reviewer for the Proposed Graduate Management Program at Vaughn College of
Aeronautics, New York, 2005-2007
External examiner for Ph.D. thesis titled “A
survey of growth, performance and problems of pharmaceutical industry in
External examiner for Ph.D. thesis titled “A study on the organization culture of nationalized banks in Chennai City” (University of Madras Ph.D. No 133/2008/2373) by R. Prabakaran, 2009