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Recent Faculty Publications


Forthcoming Publications

“The Competing Values Framework for Corporate Communication: Theoretical and Practical Implications,” Alan Belasen and Ariel Belasen, Journal of Promotion Management, forthcoming.

“Economic Freedom and State Bond Ratings,” Ariel Belasen, Rik Hafer, and Shrikant Jategaonkar, Contemporary Economic Policy, forthcoming.

"Impact of Global Shocks and Volatility on Herd Behavior in an Emerging Market: Evidence from Borsa Istanbul," M. Balcilar and Riza DemirerEmerging Markets Finance and Trade, forthcoming.

"Happiness, economic freedom and culture," Ayse Evrensel, Applied Economics Letters, forthcoming.

"Turkey’s Possible Membership of the European Union from a Cultural Perspective," Ayse Evrensel, Eurasian Geography and Economics, forthcoming.

“Insider Trading in REITs: Evidence from Informed Stock Option Exercise around Seasoned Equity Offerings,” Xudong Fu, Brandon N. Cline, Tom Springer, and Tian Tang, Journal of Real Estate Research, forthcoming.

“Do Lockup Agreements Signal Good Quality?” Xudong Fu, Brandon N. Cline, and Tian Tang, Journal of Business Research, forthcoming

“Measuring Financial Stress in Transition Economies,” Emrah Ismail Cevik, Sel Diboglu and Ali KutanJournal of Financial Stability, forthcoming.

“Public Information Arrival and Investor Reaction During a Period of Institutional Change: An Episode of Early Years of a Newly Independent Central Bank” J. Brzeszczynski and Ali KutanJournal of Comparative Economics, In Press.

“Monetary and fiscal policy interactions: Evidence from emerging European economies” E. I. Cevik, S. Dibooglu, and Ali KutanJournal of Comparative Economics, In Press.

“Policy Uncertainty and the Demand for Money in the United Kingdom” S. Bahmani, M. Bahmani-Oskooee, A. Kones, and Ali KutanApplied Economics (In Press).

"Financial Market Reaction to Federal Reserve Communications: Does the Global Financial Crisis Make a Difference?" B. Hayo, Ali Kutan, and M. Neuenkirch, Empirica. Journal of European Economics (In Press).

“Broadband Developments in the United States Subsequent to the Federal Communications Commission’s 2010 National Broadband Plan,” Timothy Sullivan, International Journal of Telework and Telecommuting Technologies, Forthcoming.

2014 Publications

 “When Oceans Attack: Assessing the Impact of Hurricanes on Localized Taxable Sales,” Ariel Belasen and Chifeng Dai, Annals of Regional Science 52(2), 325-342.

 “Does Inflation Targeting Lower Inflation and Spur Growth?,” Kelly Ayres, Ariel Belasen, and Ali Kutan, Journal of Policy Modeling. 36(2), 373-388.

"CEO Compensation and Risk Taking: Evidence from the Pre-Crisis Banking Industry”, Rakesh Bharati and Jingyi Jia, International Review of Accounting, Banking and Finance, Volume 6, Number 1, Spring 2014.

"What Drives Herding in Developing Stock Markets? Relative Roles of Own Volatility and Global Factors,"  M. Balcilar and Riza DemirerNorth American Journal of Economics and Finance 29, 2014, 418-440.

“Do ADR Investors Herd: Evidence from Advanced and Emerging Markets” Riza Demirer, H. Zhang, and Ali Kutan, International Review of Economics & Finance, Volume 30, March 2014, Pages 138-148.

“The Effect of Liquidity and Solvency Risk on the Inclusion of Bond Covenants,” Douglas O. Cook, Xudong Fu, and Tian Tang), Journal of Banking and Finance, Vol. 48, 2014, 120-136.

“The effect of demand for shares on the timing and underpricing of seasoned equity offerings,” Vincent Intintoli, Shrikant Jategaonkar, and Kathleen Kahle, Financial Management 43, no. 1, Spring 2014, 61-86.

“Investor Wealth, the IMF and the Asian Crisis”, Ali Kutan and G. Muradoglu, International Review of Financial Analysis, Volume 33, May 2014, Pages 130–137.

2013 Publications

 “The Impact of Negative Compensation Shocks on Individual Sales Performance,” Ariel Belasen and Susan Dustin, Journal of Personal Selling & Sales Management, 33(4), 405-419.

“IQ and Alcohol Consumption: International Data,” Ariel Belasen and Rik HaferIntelligence Vol 41:5, 2013, 615-621

“Do Changes in Economic Freedom Affect Well-Being?” Ariel Belasen and Rik HaferJournal of Regional Analysis and Policy Vol 43:1, 2013, 56-64.

“Migration as a Result of Environmental Disasters,” Ariel Belasen and S.W. Polachek, Chapter 17 in A.F. Constant and K.F. Zimmermann, ed., International Handbook on the Economics of Migration, Edward Elgar, Cheltenham, UK, and Northampton, USA: Edward Elgar, 2013, 309-330.

"Can Advanced Markets Help Diversify Risks in Frontier Markets? Evidence from Gulf Arab Stock Markets," Riza Demirer, Research in International Business and Finance 29, 2013, 77-98.

"Regime Switching and Investor Herds: Evidence from Gulf Arab Stock Markets," Riza Demirer, Journal of International Financial Markets, Institutions & Money 23, 2013, 295-321.

"The Conditional Relation Between Dispersion and Return," Riza Demirer and Shrikant Jategaonkar, Review of Financial Economics 22, 2013, 125-134.

"Do ADR Investors Herd? Evidence from Advanced and Emerging Markets," Riza Demirer, Ali Kutan, and H. Zhang, International Review of Economics and Finance 30, 2013, 138-148.

"International Finance for Dummies," Ayse Evrensel, Hoboken (NJ): Wiley & Sons, Inc, 2013.

“Entrepreneurship and State Economic Growth,” Rik Hafer, Journal of Entrepreneurship and Public Policy Vol 2:1, April 2013, 67-79.

“Economic Freedom and Financial Development: International Evidence,” Rik Hafer, Cato Journal, Winter 2013, 111-126.

“If it’s good for the firm, it’s good for me: Insider trading and repurchases motivated by undervaluation,” Shrikant Jategaonkar, The Financial Review, Volume 48(2), May 2013, 179-363 (lead article). 

“Institutional Ownership, Diversification and Riskiness of Bank Holding Companies,” Saiying Deng, Elyas Elyasiani, and Jingyi Jia, The Financial Review, Volume 48, Issue 3,  August 2013, pages 385–415.

“Capital Flight in the Presence of Domestic Borrowing: Evidence from Eastern European Economies,” Josef C. Brada, Ali Kutan, and Goran Vukšić, World Development, Volume 51, November 2013, Pages 32-46.

“The Impact of Economic and Monetary Uncertainty on the Demand for Money in Emerging Economies” Mohsen Bahmani-Oskooee, Ali Kutan, and Dan Xi, Applied Economics, Volume 45 (3), 2013, pages 3278-3287.

“Is Trinko a useful model for the European Union?” John Meisel, European Competition Law Review, Vol. 34, Issue 4, 2013, pp. 218-222. 

 “Trends in the United States Mobile Wireless Industry and the Impact of a Merger of AT&T and T-Mobile on the Trends and Overall Competitiveness of the Wireless Industry,” John B. Meisel, John C. Navin, and Timothy Sullivan, in Mobile Services Industries, Technologies, and Applications in the Global Economy, Edited by In Lee, IGI Global, 2013, pp. 39-54.

“How Does Implementation of a Smoking Ban Affect Gambling?" John C. Navin, Warren D. Richards, and Timothy Sullivan, in The Oxford Handbook of the Economics of Gambling, edited by edited by Leighton Vaughan Williams and Donald Siegel, Oxford University Press, NY. 2013.


2012 Publications

“Well-Being and Economic Freedom: Evidence from the States,” Ariel Belasen and Rik HaferIntelligence, May-June, 2012, 306-316.

“Corruption Perceptions in Emerging and Developing Economies: Evidence from a Pooled Cross-Section,” Ariel Belasen and K. Peyton, Emerging Markets Finance and Trade 48(2), March-April 2012, 29-43.

"The Effect of Ethanol Listing on Corn Prices: Evidence from Spot and Futures Markets," Riza Demirer and Ali Kutan, Energy Economics 34, 2012, 1400-1406.

“What determines SEO offer day returns?” Brandon N. Cline, Xudong Fu, Tian Tang, and Jonathan A. Wiley, Journal of Financial Research, Vol. 35, No. 4, 2012, 497–519.

“Valuation Effects for Asset Sales,” Jonathan A. Wiley, Brandon N. Cline, Xudong Fu, and Tian Tang, Journal of Financial Services Research, Vol. 41, No. 3, 2012, 103-120 (lead article).

“Market Reaction to Restatements after Sarbanes-Oxley,” Shrikant Jategaonkar, Linda. M. Lovata, and Gregory E. Sierra, Academy of Accounting and Financial Studies Journal, Volume 16 (4), November 2012, 81-92.

“Federal Reserve Communications and Emerging Equity Markets,” Bernd Hayo, Ali Kutan, and Matthias Neuenkirch, Southern Economic Journal, January 2012, Vol. 78, No. 3, pp. 1041-1056.

 “Inequality and Crime: Evidence from Russia’s regions” David Hauner, Ali Kutan, and Christy Spivey, Applied Economics Letters, Vol. 19 (17), 2012, pages 1667-1671.

 “Cross-Sectional Determinants of Bank Performance under Deposit Dollarization in Emerging Markets,” Ali Kutan, Emre Ozsoz and Erick W. Rengifo, Emerging Markets Review, Volume 13, Issue 4, December 2012, Pages 478-492.

 “Communication Matters: US Monetary Policy and Commodity Price Volatility,” Bernd Hayo, Ali Kutan, and Matthias Neuenkirch, Economics Letters, Volume 117, Issue 1, October 2012, Pages 247-249.

“IMF Programs, Financial and Real Sector Performance and the Asian Crisis,” Ali Kutan, Gulnur Muradoglu, and Sudjana Brasukra, Journal of Banking and Finance, Vol. 36, 2012, pages 164-182.

“The Law and Economics of Margin Squeezes in the United States versus the European Union,” John Meisel, European Competition Journal, Vol. 8, Number 2, August 2012, pp. 383-402.

“The Evolution of US Federal Communications Commission Forbearance Orders: From Omaha to Phoenix,” John Meisel, CommLaw Conspectus, Vol. Twenty, Number 2, 2012, pp. 323-343.

“Trends in the United States Mobile Wireless Industry and the Impact of a Merger of AT&T and T-Mobile on the Trends and Overall Competitiveness of the Wireless Industry,” John Meisel, John Navin, and Timothy Sullivan, Chapter 3 in Mobile  Services Industries, Technologies, and Applications in the Global Economy, IGI Global, edited by In Lee, 2012, pp.39-54.

2011 Publications

“Married Women in the Workforce,” Ariel Belasen, in M. Paludi and B. Coates, ed: Women as Transformational Leaders: From Grassroots to Global Interests, Praeger: Santa Barbara, 2011, 97-113.

“Modeling Fast Food’s Impact on Female Labor Force Participation,” Ariel Belasen, Hawaii International Conference of Business 2010 Conference Proceedings, May 2010, 222-232.

“Performance Persistence of Closed-end Funds,” Elyas Elyasiani and Jingyi Jia, Review of Quantitative Finance and Accounting, Volume 37, Number 3, October 2011, Pages 381-408

“Institutional Ownership Stability and Risk Taking: Evidence from the Life-Health Insurance Industry,” Jiang Cheng, Elyas Elyasiani, and Jingyi Jia, The Journal of Risk and Insurance, Vol. 78, No. 3, September 2011, Pages 609-641

"Can Inflation Targeting Regimes be Effective in Developing Countries? The Turkish Experience," Cem Akyurek, Ali Kutan, and Hakan Yilmazkuday, Journal of Asian Economics, vol. 22(5), 2011, pages 343-355. 

"The Costs of Moving Money Across Borders and The Volume of Capital Flight: The Case of Russia and other CIS countries,” Josef Brada, Ali Kutan, and Goran Vukšić, Review of World Economics (Weltwirtschaftliches Archive), vol. 147(4), 2011, pages 717-744.

 “Implications of Bank Ownership for the Credit Channel of Monetary Policy Transmission:Evidence from India,” Sumon Kumar Bhaumik, Vinh Dang, and Ali KutanJournal of Banking and Finance, Vol. 35(9), 2011, pages 2418-2428.

 “Is the Evidence for PPP Reliable?: A Sustainability Exercise in the Stationarity of Real Exchange Rates,” Ali Kutan and Su Zhou, Journal of Banking and Finance, Vol. 35(9), 2011, pages 2479-2490.

"Can 'Big' Wireline Broadband Internet Networks Be Considered an Essential Facility?" John Meisel, World Competition, Vol 34, no.4, 2011, 693-714.

"The Federal Communication's National Broadband Plan," John Meisel, John Navin, and Timothy Sullivan, Chapter 4 in Adoption, Usage, and Global Impact of Broadband Technologies: Diffusion, Practice, and Policy, IGI Global, edited by Yogesh Dwivedi, 2011, pp. 57-72


2010 Publications

"The Behavior of Crude Oil Spot and Futures Prices around OPEC and SPR Announcements: An Event Study Perspective," Riza Demirer and Ali KutanEnergy Economics 32, 2010, 1467-1476. 

"Do Investors Herd in Emerging Stock Markets? Evidence from the Taiwanese Market," Riza DemirerAli Kutan, and C. Chen, Journal of Economic Behavior & Organization 76, 2010, 283-295.

"Corruption, Growth, and Growth Volatility," Ayse Evrensel, International Review of Economics and Finance, 19 (3), 2010, 501-514.

"Institutional and Economic Determinants of Corruption: A Cross-Country Analysis," Ayse EvrenselApplied Economics Letters, 17 (6), 2010, 551-554.

“Executive Stock Option Exercise and Seasoned Equity Offerings,” Brandon N. Cline and Xudong Fu, Financial Management, Vol. 39, No. 4, 2010, 1643-1670.

“Exercises of Executive Stock Options on the Vesting Date,” Xudong Fu and James A. Ligon, Financial Management, Vol. 39, No. 3, 2010, 1097-1126.

"Distribution of Institutional Ownership and Corporate Firm Performance," Elyas Elyasiani and Jingyi Jia, Journal of Banking and Finance, Volume 34, Issue 3, March 2010, Pages 606-620

"Institutional Ownership, Managerial Ownership and Dividend Policy in Bank Holding Companies," Jingyi Jia and Yuan Wen, International Journal of Accounting, Banking and Finance, Volume. 2, No. 1, Spring 2010, Page 8-21

"Institutional Ownership Stability and the Cost of Debt," Elyas Elyasiani, Jingyi Jia, and Connie X. Mao, Journal of Financial Markets, Volume 13, Issue 4, November 2010, Pages 475-500

“The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets,” B. Hayo, Ali Kutan, and M. Neuenkirch, Economics Letters, 108(2), 2010, pages 172-174.

 “Black and Official Market Exchange Rates and Purchasing Power Parity: Evidence from Latin America,” Mohsen Bahmani-Oskooee, Ali Kutan, and Su Zhou, Applied Economics Letters, vol. 15, 2010, pages 1453-1459.

"How Stable is the Demand for Money in Emerging Economies," Ali Kutan and S. Bahmani, Applied Economics, vol. 42, 2010.

"Trinko and Mandated Access to the Internet," John Meisel, info, Vol. 12, no.2 2010, pp. 9-27.

“The Federal Communications Commission’s National Broadband Plan,” John B. Meisel, John C. Navin, and Timothy Sullivan, in Usage, and Global Impact of Broadband Technologies: Diffusion, Practice and Policy, edited by Yogesh Kumar Dwivedi, IGI Global, 2010.

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