Peer-Reviewed Publications

“Is there Price Discovery in Equity Options,” with Neil Pearson and Dmitriy Muravyev, Journal of Financial Economics, Volume 107, Issue 2, February 2013, Pages 259–283. (Available at http://dx.doi.org/10.1016/j.jfineco.2012.09.003 and on SSRN at http://ssrn.com/abstract=1744954.)

“Profitability of Pairs Trading Strategy in an Illiquid Market with Multiple Share Classes,” with Mika Vaihekoski, Journal of International Financial Markets, Institutions & Money, 2012, vol. 22(5), 1188-1201. (Available on SSRN at http://ssrn.com/abstract=172918.)

“Saving for Retirement: The Effects of Fund Assortment Size and Investor Knowledge on Asset Allocation Strategies,” with Maureen Morrin, Susan Broniarczyk, and J. Jeffery Inman, Journal of Consumer Affairs, Summer 2008, v42, n2, 206-222.

“The Role of Growth in Long Term Investment Returns,” with Walter Neely and David Michayluk, Journal of Applied Business Research, Winter 2005, v 21, n 1, 93- 104.

“CEO Incentives, Cash Flow, and Investment,” with Gene Pilotte and Sherrie Buchenroth, Financial Management, v32, n 2, Summer 2004, 51-70.

“The Role of REITs in Asset Allocation,” with G. Geoffrey Booth, Finance, v23, 2002, 109-124.

“Extreme-Value and Margin Setting with and without Price Limits,” Quarterly Review of Economics and Finance , v41, 2001, 365-385.

“Testing the Contrarian Investment Strategy Using Holding Period Returns,” with Julie Dahlquist, Managerial Finance, v 26, n 6, 2000, 16-22.

Reply to “Note on ‘Earnings and Stock Returns: Evidence from Germany,’” with G. Geoffrey Booth and Otto Loistl, The European Accounting Review, v8, n3, 1999, 565-568.

“Big Players and the Russian Ruble: Explaining Volatility Dynamics,” with Roger Koppl, Managerial Finance, v 25, n 1, 1999, 49-63.

“Setting NYSE Circuit Breaker Triggers,” with G. Geoffrey Booth, Journal of Financial Services Research, v 13 n 3, 1998, 187-204.  Reprinted in Stock Market Policy Since the 1987 Crash, ed. Hans Stoll, Kluwer Academic Publishers, 1998.

“Price Discovery in German Stock and Futures Markets,” with G. Geoffrey Booth and Otto Loistl, Managerial Finance, v 24, n 4, 1998, 3-18.

“The Behavior of Extreme Values in German Stock Index Futures: An Application to Margin Setting,” with G. Geoffrey Booth, European Journal of Operational Research, v 104, 1998, 393-402.

“Earnings and Stock Returns: Evidence from Germany,” with G. Geoffrey Booth and Otto Loistl, The European Accounting Review, v 6, n 4, 1997, 589-603.

 “Prudent Margin Levels in the Finnish Stock Index Futures Market”, with G. Geoffrey Booth, Teppo Martikainen, and Vesa Puttonen, Management Science, v 43, n 8, August 1997, 1177-1188.

Work In Progress

“Style Migration in Europe,” with Vesa Putton and Jussi Mikkonen. Available on SSRN http://ssrn.com/abstract=2208366

“Mutual Alternatives to Hedge Funds:  Market Neutral and Long / Short Funds,” with Walter Neely.

Research Methods Monograph

Using SAS in Financial Research, with Ekkehart Boehmer and J.P. Kallunki, Cary, North Carolina, Books By Users Press, SAS Institute, 1st Printing, March 2002, 165 pages.

Other Publications and Monographs

“The Competition of Systems for the Market for Listings,” with Arthur Laby, Economic Law as an Economic Good, edited by Karl M. Meesen, Chapter 3, 167-185, Sellier, European Law Publishers, 2009.

“Bank Stock Returns, Interest Rate changes, and The Regulatory Environment: New Insights from Japan,” with Ken Kim and Piman Lipaphayom, in The Japanese Finance: Corporate Finance and Capital Markets in Changing Japan, International Finance Review, Volume 4, Edited by J. J. Choi and T. Hiraki, Elsevier Science, March 2003.

“The Relationship between Economic Freedom and Transitionary Economic Growth,” with Peter Koveos and Allan Young, Chapter 12 in Economics and Transition: Conception, Status, and Prospects, Edited by A. Young, I. Teodorovic, P. Koveos, World Scientific Publishing Co. Ltd., December 2002.

“The Index of Economic Freedom and Economic Growth in Transition Economies,” with Peter Koveos and Allan Young, Chapter 4 in Globalization and Economic Growth: A Critical Evaluation, Edited by T. Georgakopoulos, C. Paraskevopoulos and J. Smithin, APF Press Toronto, Canada, 2001.  Reprinted in Zagreb International Review of Economics and Business, December 2002.

“Governance, Economic and Financial Factors Affecting Success for Transition Economies,” with Peter Koveos and Allan Young, Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, Fall 2000, 7-18.  Reprinted as Chapter 11 in Economics and Transition: Conception, Status, and Prospects, Edited by A. Young, I. Teodorovic, P. Koveos, World Scientific Publishing Co. Ltd., December 2002.

“Pörssikriisien Todennäköisyys Kasvanut,” with G. Geoffrey Booth, Teppo Martikainen and Vesa Puttonen, Talouselãmã (Finnish Economic Life), May 19 1995, 54.

German Stock Returns and the Information Content of DVFA Earnings, with G. Geoffrey Booth and Otto Loistl, 1994, Deutsche Vereinigung für Finanzanalyse und Anlageberatung, Dreieich, Germany.  Results presented to the German Financial Community on September 15, 1994 at press conference in Frankfurt, Germany.  This publication is in second printing, August 1995.