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Finance Publications

Kivanç Avrenli

• "A Kinematic Methodology to Optimize the Landing Trajectory for a Commercial Jet Undergoing Total Loss of Power", Journal of Transportation Safety & Security, 8 (2), 2016, (with B. J. Dempsey)
• "A Kinematic Approach to Segmented-Trajectory Generation for the Total Loss of Thrust Emergency", Aviation, 19 (3), 139–148, 2015, (with B. J. Dempsey)
• "Assessment of the Engines-out Flight Performance of a Commercial Jet", International Journal of Aviation Systems, Operations and Training,, 1 (2), 35–54, 2015, (with B. J. Dempsey)
View all Kivanç Avrenli's publications.
• "Is “Green Dot” Always the Optimum Engines-out Glide Speed on the Airbus A320? ", Journal of Aviation/Aerospace Education and Research, 24 (3), 33–63, 2015, (with B. J. Dempsey)
• "Statistical Analysis of Aircraft-Bird Strikes Resulting in Engine Failure", Journal of the Transportation Research Board, 2449, 14–23, 2014, (with B. J. Dempsey)
• "Flagger Effects in Reducing the Likelihood of Rear-End Collisions for in-Platoon Vehicles in Work Zones", Journal of the Transportation Research Board, 2337, 9–16, 2013, (with R. Benekohal & H. Ramezani)
• "Field and Software Evaluation of Illuminance from LED Luminaires for Roadway Applications", Journal of the Transportation Research Board, 2384, 55–64, 2013, (with J. Medina & R. Benekohal)
• "Four Regime Speed-Flow Relationships for Work Zones with Police Patrol and Automated Speed Enforcement", Journal of the Transportation Research Board, 2272, 34–43, 2012, (with R. Benekohal & H. Ramezani)
• "Traffic Flow Characteristics and Capacity in Police-Enforced and Intelligent Work Zones", Procedia – Social and Behavioral Sciences, 16, 430–439, 2011, (with R. Benekohal & H. Ramezani)
• "WorkZoneQ User Guide for Two-Lane Freeway Work Zones", Illinois Center for Transportation, Research Report FHWA-ICT-13-019, 2013, (with R. Benekohal & H. Ramezani)
• "LED Roadway Lighting, Volume 2: Field Evaluations and Software Comparisons", Illinois Center for Transportation, Research Report FHWA-ICT-12-013, 2012, (with R. Benekohal & H. Ramezani)
• "LED Roadway Lighting, Volume 1: Background Information", Illinois Center for Transportation, Research Report FHWA-ICT-12-012, 2012, (with R. Benekohal & H. Ramezani)
• "Determining Queue and Congestion in Highway Work Zone Bottlenecks", USDOT Region V Regional University Transportation Center Final Report, Nextrans Project No 046IY02, 2011, (with H. Ramezani & R. Benekohal)
• "Queue and User’s Costs in Highway Work Zones", Illinois Center for Transportation, Research Report FHWA-ICT-10-075, 2010, (with H. Ramezani & R. Benekohal)
• "Traffic Flow Characteristics and Capacity in Intelligent Work Zones", USDOT Region V Regional University Transportation Center Final Report, Nextrans Project No 009IY01, 2009, (with R. Benekohal & H. Ramezani)
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Anna Chernobai

• "Disclosures of Material Weaknesses by Japanese Firms after the Passage of the 2006 Financial Instruments and Exchange Law", Journal of Banking and Finance, forthcoming, 2013, (with Yasuda, Y.)
• "Is Selection Bias Inherent in Housing Transactions? An Equilibrium Approach", Real Estate Economics, forthcoming, 2013, (with Chernobai, E.)
• "An Internal Control Perspective on the Market Value Consequences of IT Operational Risk and Its Subcategories", International Journal of Accounting Information Systems, 13(4), pp. 357-381, 2012, (with Benaroch, M., and Goldstein, J.)
View all Anna Chernobai's publications.
• "An Event Study Analysis of the Economic Impact of IT Operational Risk and Its Subcategories", Journal of the Association for Information Systems, 12(9), pp. 606-631, 2011, (with Goldstein, J., and Benaroch, M.)
• "The Determinants of Operational Risk in U.S. Financial Institutions", Journal of Financial and Quantitative Analysis, 46(6), pp. 1683-1725, 2011, (with Jorion, P., and Yu, F.)
• "The Dynamics of Operational Loss Clustering", Journal of Banking and Finance, 32(12), pp. 2655-2666, 2008, (with Yildirim, Y.)
• "Operational Risk: A Guide to Basel II Capital Requirements, Models, and Analysis", John Wiley & Sons, ISBN #978-0-471-78051-9, 2007, (with Rachev, S.T., Fabozzi, F.J.)
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Fernando Diz

• "The Effect of Leverage on the Performance of Commodity Trading Advisors", The Journal of Futures Markets, Vol 23, No. 10, October 2003
• "The Professional Costs of Chapter 11: A Different View", The Journal of Bankruptcy Law and Practice, Vol. 14, No. 2, 2005, (with Whitman, M.)

Roger Koppl

• "Crisis and Confidence: How to Restore a Sound Economy", Institute for Economic Affairs, 2014
• "Economic Opportunity and Evolution: Beyond Landscapes and Bounded Rationality", Strategic Entrepreneurship Journal, forthcoming, (Teppo Felin, Stuart Kauffman, Giuseppe Longo)
• "The Criminal Justice System Creates Incentives for False Convictions", Criminal Justice Ethics, 32(2), 126-162, 2013, (Meghan Sacks)
View all Roger Koppl's publications.
• "Some Epistemological Implications of Economic Complexity", Journal of Economic Behavior and Organization, 76, 859-872, 2010
• "The Social Construction of Expertise", Society, 47, 220-226, 2010
• "Rational Bias in Forensic Science", Law, Probability and Risk, 9(1), 69-90, 2010, (D. Glen Whitman)
• "Click here for a complete list of Koppl's publications",
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Peter Koveos

• "Economic developments under political and economic asymmetries: the case of Shanghai and Taiwan", The Journal of Economic Asymmetries , Vol. 2, No. 1, pp. 41-58, 2005, (with Chen, C., and Zhang, Y.M.)
• "Public-Private Partnerships in Emerging Markets", QFinance, forthcoming
• "Entrepreneurship and Sustainability: The Fight against Poverty ", Thunderbird International Business Review, forthcoming, (with Zhang, Y.)

Milena Petrova

• "Does Deregulation Induce Competition in the Market for Corporate Control? The Special Case of Banking", Journal of Banking & Finance, 37(12), 5220-5235, 2013, (Chinmoy Ghosh)
• "Do REITs Use Cash Reserves Efficiently? Evidence from Corporate Acquisitions", Journal of International Money and Finance, 31(7), 1953-1970, 2012, (Ghosh, C. and Xiao, Y.)
• "Does IPO Pricing Reflect Public Information? New Insights from Equity Carve-Outs", Financial Management, 41(1), 1-33 (lead article), 2012, (Ghosh, C., Feng, Z. and Pattanapanchai, M.)
View all Milena Petrova's publications.
• "Why Do REITs Go Private? Differences in Target Characteristics, Acquirer Motivations, and Wealth Effects in Public and Private Acquisitions", Journal of Real Estate Finance and Economics, 43(1-2), 99-129, 2011, (with Ling D. C.)
• "Corporate Governance and Performance in the Market for Corporate Control: The Case of REITs", Journal of Real Estate Finance and Economics, 42(4), 451-480, 2011, (with Campbell, R.C., Ghosh, C., Sirmans, C.F. )
• "Avoiding Taxes at Any Cost: The Economics of Tax Deferred Real Estate Exchanges", Journal of Real Estate Finance and Economics, 36(4): 367-404, 2008, (with Ling, D.)
• "Managerial Characteristics and Hedge Fund Performance", Journal of Applied Finance, 16(2), 57-70, Fall/Winter 2006, (with Maxam, C.L., Nikbakht, E., and Spieler, A.C.)
• "Value Creation in REIT Property Sell-Offs", Real Estate Economics, 34(2), 173-342, Summer 2006, (Campbell, R.D., and Sirmans C.F.)
• "Wealth Effects of Diversification and Financial Deal Structuring: Evidence from REIT Property Portfolio Acquisitions", Real Estate Economics, 31(3), 347-366, Fall 2003, (Campbell, R.D., and Sirmans, C.F. )
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Ravi Shukla

• "Do Locals Perform Better than Foreigners?: An Analysis of UK and US Mutual Fund Managers", Journal of Economics and Business, 47 (3), 241-254, 1995, (Gregory B. van Inwegen)
• "The Value of Active Portfolio Management", Journal of Economics and Business, Volume 56, Issue 4, July-August 2004
• "Sequential Tests of the Arbitrage Pricing Theory: A Comparison of Principal Components and Maximum Likelihood Factors", Journal of Finance, 45 (5), 1541-1564, 1990, (Charles Trzcinka)
View all Ravi Shukla's publications.
• "Mutual Fund Objective Misclassification", Journal of Economics and Business, Volume 52, Issue 4, July 2000, (with Kim, M. and Tomas, M.)
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Lea Stern

• "Pay for Performance from Future Fund Flows: The Case of Private Equity", Review of Financial Studies, 25, 3259-3304, 2012, (Ji-Woong Chung, Berk A. Sensoy, and Michael S. Weisbach)
• "Is Corporate Governance Risk Valued? Evidence from Directors’ and Officers’ Insurance", Journal of Corporate Finance, 18 (2), 2012, (Martin Boyer)
• "D&O Insurance and IPO Performance: What Can We Learn from Insurers?", Journal of Financial Intermediation, 23 (4), 504-540, 2014, (Martin Boyer)
View all Lea Stern's publications.
• "A Learning-Based Approach to Evaluating Boards of Directors", Working Paper, 2015
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Raja Velu

• "Auditing Disclosures by Relevance Ranking ", Proceedings of the Association of Computing Machinery Sigmod , 2007, (with Agarwal, Kiernan and Evfiemvski.)

A. Joseph Warburton

• "The End of Market Discipline? Investor Expectations of Implicit State Guarantees", American Finance Association 2014 Annual Meeting, (with Viral Acharya and Deniz Anginer)
• "The Chrysler Effect: The Impact of Government Intervention on Borrowing Costs", Journal of Banking & Finance, 40, 62-79, 2014, (with Deniz Anginer)
• "Competition in Financial Services: Evidence from British Mutual Funds", Journal of Empirical Legal Studies, 9(4), 827-858, 2012

David Weinbaum

• "Aggregate Jump and Volatility Risk in the Cross-Section of Stock Returns", Journal of Finance, Forthcoming, (Martijn Cremers, Michael Halling)
• "Deviations from Put-Call Parity and Stock Return Predictability", Journal of Financial and Quantitative Analysis, 45, 335-367, April 2010, (with Cremers, M.)
• "Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry", Journal of Financial and Quantitative Analysis, December 2009, (with Cremers, M., Driessen, J., Maenhout, P.)
View all David Weinbaum's publications.
• "Investor Heterogeneity, Volatility Dynamics and Asset Pricing", Journal of Economic Dynamics and Control, 33, 1379-1397, July 2009
• "A Conditional Extreme Value Volatility Estimator based on High Frequency Returns", Journal of Economic Dynamics and Control, pp. 361-397,lead article, February 2007, (with Bali, T.G.)
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Pierre Yourougou

• "Public-Private Partnerships in Emerging Markets", QFinance, forthcoming
• "Which Implied Volatility Provides the Best Measure of Future Volatility?", Journal of Economics and Finance, forthcoming, (with Wang, G.J. '07 PhD, Wang, Y.D.)