About the College

Finance Faculty Publications

* denotes PhD. Student

Forthcoming:

Growth and Growth Obstacles in Transition Economies: Privatized versus De Novo Private Firms
Journal of Corporate Finance
Juliet D’Souza, William L. Megginson, Barkat Ullah*, and Zuobao Wei

The Role of Debt Covenants in the Investment Grade Bond Market – The REIT Experiment
Journal of Real Estate Finance and Economics
Yongheng Deng, Erik Devos, Shofiqur Rahman*, and Desmond Tsang

Who Follows REITs?
Journal of Real Estate Research
Elizabeth Devos, Erik Devos, Seow Ong, and Andrew Spieler,

Re-examining the association between unexpected earnings and abnormal security returns in the presence of financial leverage
Journal of Accounting and Finance
Duong, Hong Kim, Karl Putnam, and Zuobao Wei.

Residual Asset Growth and Stock Returns
Advances in Investment Analysis and Portfolio Management
Feixue Xie

CFO Gender and Earnings Management: Evidence from China
Review of Quantitative Finance and Accounting
Liu, Yu, Zuobao Wei, and Feixue Xie

Timing Using the Chinese Stock Market
International Journal of Finance,
Oscar Varela and Duc Anh Ngo*

2015:

CEO Opportunism? Option Grants and Stock Trades around Stock Splits
Journal of Accounting and Economics
Erik Devos, Bill Elliott, and Richard Warr

Stock Return Synchronicity and the Market Response to Analyst Recommendation Revisions
Journal of Banking and Finance
Erik Devos, Wei Hao, Andrew Prevost, and Jeff Wongchoti

Board Independence and Firm Performance in China
Journal of Corporate Finance
Liu, Yu, Mihail Miletkov, Zuobao Wei, and Tina Yang

The Stock as a Portfolio of Durations: Solving Black’s Dividend Puzzle Using Black’s Criteria
Journal of Portfolio Management
Oscar Varela

2014:

When US Venture Capital Ventures Abroad
Accounting and Finance
Khaled Abdou and Oscar Varela

Are Analysts’ Recommendations for Other Investment Banks Biased?
Financial Management
Erik Devos

Trading Venue Choice in the Post-2000 Era: An Analysis of US Firms that Change Listing Locations
Advances in Investment Analysis and Portfolio Management
Erik Devos, Jullavut Kittiakarasakun and Yiuman Tse

Naked Short Selling and the Market Impact of Failures-to-deliver: Evidence from the Trading of Real
Estate Investment Trusts
Journal of Real Estate Finance and Economics
Erik Devos, Thomas McInish, Michael McKenzie, and James Upson

Location and Lease Intensity
Journal of Corporate Finance
Erik Devos and Shofiqur Rahman*

Elective Stock Dividends and REITs: Evidence from the Financial Crisis
Real Estate Economics
Erik Devos, Andrew Spieler and Desmond Tsang

State Ownership, Soft-Budget Constraint and Cash Holdings: Evidence from China’s Privatized Firms
Journal of Banking and Finance
William Megginson, Barkat Ullah* and Zuobao Wei

ISO Certification, Financial Constraints, and Firm Performance in Latin American and Caribbean
Countries
Global Finance Journal
Barkat Ullah*, Zuobao Wei, and Feixue Xie

The Flash Crash: Trading Aggressiveness, Liquidity Supply, and the Impact of Intermarket Sweep Orders.
Financial Review
James Upson, Thomas McInish, and Robert Wood

Do Women Directors Improve Firm Performance in China?
Journal of Corporate Finance
Liu, Yu, Zuobao Wei, and Feixue Xie

2013:

Product Market Advertising and the Choice of Method of Payment in M&A
Managerial Finance
Erik Devos, Bill Elliott and Mohammad Karim*

REIT Institutional Ownership Dynamics and the Financial Crisis
Journal of Real Estate Finance and Economics
Erik Devos, Seow Ong, Andrew Spieler, and Desmond Tsang

The Quote Exception Rule: Giving High Frequency Traders an Unintended Advantage.
Financial Management
Thomas McInish and James Upson

The Effects of Relative Changes in CEO Equity Incentives on the Cost of Corporate Debt
Journal of Business Finance and Accounting
Andrew Prevost, Erik Devos, and Ramesh Rao

,Market Development and the Asset Growth Effect: International Evidence
Journal of Financial and Quantitative Analysis
Sheridan Titman, K.C. John Wei, and Feixue Xie

2012:

Clean Sweep: Informed Trading Through Intermarket Sweep Orders
Journal of Financial and Quantitative Analysis
Sugato Charkravarty, Pankaj Jain, Robert Wood, and James Upson

Why are Firms Unlevered
Journal of Corporate Finance
Erik Devos, Upinder Dhillon, Murali Jagannathan, and Srinivasan Krishnamurthy

Earnings Smoothing and the Underpricing of Seasoned Equity Offering (SEOs)
Managerial Finance
Duc Anh Ngo* and Oscar Varela

A Note: Should Investors Prefer Compound Interest? Not Always
Journal of Financial and Economic Practice
Oscar Varela and Khaled Abdou

Arbitrage in General Equilibrium
Modern Economy
Oscar Varela

2011:
The Determinants of More Frequent Disclosure: The Case of Issuing Monthly Sales Reports by Retail
Firms
Advances in Quantitative Analysis of Finance and Accounting
Erik Devos, Andrew Prevost, Andrew Spieler, and Yiuman Tse

Does It Pay to Pollute? Shareholder Wealth Consequences of Corporate Environmental Lawsuits
International Review of Law and Economics
Zuobao Wei, Feixue Xie, and Richard A. Posthuma

2010:

Market Timing the Trading of International Mutual Funds:  Weekend, Weekday and Serial Correlation
Strategies
Journal of Business Finance and Accounting
M. Imtiaz Mazumder, Edward M. Miller, and Oscar Varela

U.S.- Thailand Bilateral Safety-first Portfolio Optimization around the 1997 Asian Financial Crisis
Journal of Emerging Market Finance
Mahfuzul Haque and Oscar Varela

Safety-first Portfolio Optimization after September 11, 2001
Journal of Risk Finance
Mahfuzul Haque and Oscar Varela,

2009:

Is there a puzzle in the failure of venture backed portfolio companies?
Applied Financial Economics
Khaled Abdou and Oscar Varela

How do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as
Explanations for Synergies
Review of Financial Studies
Erik Devos, Palani-Rajan Kadapakkam and Srinivasan Krishnamurthy

Are Interlocking Directors Effective Monitors?
Financial Management
Erik Devos, Andrew Prevost, and John Puthenpurackal

Corporate Groups, Capital Investments and Stock Returns in Japan
International Review of Finance
Sheridan Titman, K.C. John Wei, and Faith Xie

The Information Content of Trading Halts
Journal of Financial Markets
Thomas McInish,  Christine Jiang, and James Upson

Managerial Flexibility, Uncertainty, and Corporate Investments: The Real Options Effect
International Review of Economics and Finance
Faith Xie

2008:

Investment, Liquidity and Private Debt: The Case of REIT Credit Facilities
Journal of Real Estate Portfolio Management
Erik Devos, Rob Campbell, Clark Maxam, and Andrew Spieler

The Information Content of Equity REIT Bank Credit Facility Announcements
Journal of Real Estate Portfolio Management
Erik Devos, Rob Campbell, Clark Maxam, and Andrew Spieler

Accruals, Capital Investments, and Stock Returns
Financial Analysts Journal
KC John Wei and Faith Xie

Discretionary accruals, abnormal investments, and stock returns
Financial Analysts Journal
John Wei and Feixue Xie

Finance Faculty Book Publications

Forthcoming:

Financial Analysis, Corporate Valuation and Capital Formation, DecaBooks



Degree Plans
give to UTEP OECD-IMHE