Global Governance

Over the last several years, the IGF Associate Researchers have published several outstanding high impact reearch work on Global Governace. Their research studies have been published in the leading international journals.  Some of these publications are listed below:

2023 Selected Research Work

Chen, W., Tan, H. T., & Wang, E. Y. (2023). The impact of repeated notifications and notification checking mode on investors' reactions to managers’ strategic positive title emphasis. Accounting, Organizations and Society, 110.  

Chen, Y. C., Holden, R., Kunimoto, T., Sun, Y., & Wilkening, T. (2023). Getting Dynamic Implementation to Work. Journal of Political Economy, 131(2). 

Masulis, R. W., & Mobbs, S. (2023). Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting. Journal of Corporate Finance, 82. doi:10.1016/j.jcorpfin.2023.102449 

Masulis, R. W., & Reza, S. W. (2023). Private benefits of corporate philanthropy and distortions to corporate financing and investment decisions. Corporate Governance: An International Review, 31(3), 464-490.  

Masulis, R. W., Reza, S. W., & Guo, R. (2023). The sources of value creation in acquisitions of intangible assets. Journal of Banking and Finance, 154.  

Masulis, R., Wang, C., Xie, F., & Zhang, S. (2023). Directors: Older and Wiser, or Too Old to Govern?. Journal of Financial and Quantitative Analysis. 

Moshirian, F., Pham, P., Tian, S., & Wu, E. (2023). Foreign Ties that Bind: Cross-border Firm Expansions and Fund Portfolio Allocation around the World. Journal of Financial and Quantitative Analysis, 58,(No 4,), 1768-1807.  

2022 Selected Research Work

Hogan, T., Humphery-Jenner, M., Huong, T. T. L., & Powell, R. (2022), Market dominance, R&D grant funding, and innovation outcomes, R and D Management, 52(4), pp. 768-796. 

Humphrey-Jenner, M., Islam, E., Rahman, L., & Suchard, J. -A. (2022), Powerful CEOs and Corporate Governance, Journal of Empirical Legal Studies, 19(1), pp. 135-188. 

Masulis, R., Pham, P. K., Zein, J., & Ang, A. (2022), Crises as Opportunities for Growth: The Strategic Value of Business Group Affiliation, Journal of Financial and Quantitative Analysis 

2021 Selected Research Work

Feldman, D., Kang, C. -M., Li, J., & Saxena, K. (2021), Politically Motivated Corporate Decisions as Tournament Participation/Inclusion Games, Journal of Corporate Finance.  

Sojli, E., Tham, W. W., & Ioanid, R. (2021), Quoting activity and the cost of capital, Journal of Financial and Quantitative Analysis, 56(8).  

Suchard, J., Humphery-Jenner, M., & Cao, X. (2021), Government Ownership and Venture Capital in China, Journal of Banking and Finance, 129(1), pp 106-164.  

2020 Selected Research Work 

Banerjee, S., Dai, L., Humphery-Jenner, M., & Nanda, V. (2020), Governance, Board Inattention, and the Appointment of Overconfident CEOs, Journal of Banking & Finance, p. 105733

Banerjee, S., Dai, L., Humphery-Jenner, M., & Nanda, V. (2020), Governance, Board Inattention, and the Appointment of Overconfident CEOs, Journal of Banking & Finance, p. 105733.  

Feito-Ruiz, I., Renneboog, L., & Vansteenkiste, C. (2020), Elective stock and scrip dividends, Journal of Corporate Finance, 64, pp. 35-77.  

Islam, E., & Zein, J. (2020), Inventor CEOs, Journal of Financial Economics, 132(2), pp. 505-527 

Liu, C., Low, A., Masulis, R. W., & Zhang, L. (2020), Monitoring the monitor: Distracted institutional investors and board governance, Review of Financial Studies, 33(10), pp. 4489-4531.  

Masulis, R. W. (2020), A Survey of Recent Evidence on Boards of Directors and CEO Incentives, Asia-Pacific Journal of Financial Studies, 49(1), pp. 7-35.  

Pham, P. K., Masulis, R., & Zein, J. (2020), Family Business Group Expansion through IPOs: The Role of Internal Capital Markets in Financing Growth while Preserving Control, Management Science, 66(11), pp. 5191-5215.  

Xu, Z. (2020), Economic policy uncertainty, cost of capital, and corporate innovation, Journal of Banking and Finance, 111.  

Interbank market integration, loan rates, and firm leverage (2011)
Alexander Popov (European Central Bank, Germany) and Steven Ongena (Tilburg University), Journal of Banking and Finance, 35 (3), 544-559
Competition in banking and the lending channel: Evidence from bank-level data in Asia and Latin America (2011)
María Pía (Olivero (Drexel University), Yuan Li, (Penn State Altoona) and Bang Nam Jeon, (Drexel University), Journal of Banking and Finance, 35 (3), 560-571
International fund investment and local market returns (2011)
Yothin Jinjarak (Nanyang Technological University), Jon Wongswan (Phatra Securities Public Company Limited) and Huanhuan Zheng (Nanyang Technological University), Journal of Banking and Finance, 35 (3), 572-587
What drives foreign expansion of the top 100 multinational banks? The role of the credit reporting system (2011)
Hsiangping Tsai (Yuan Ze University), Yuanchen Chang (National Chengchi University) and Pei-Hsin Hsiao (Yuan Ze University), Journal of Banking and Finance, 35 (3), 588-605
The information content of cash dividend announcements in a unique environment (2011)
Khamis H. Al-Yahyaee (Sultan Qaboos University), Toan M. Pham (University of New South Wales) and Terry S. Walter (University of Technology Sydney), Journal of Banking and Finance, 35 (3), 606-612
Small business groups enhance performance and promote stability, not expropriation. Evidence from French SMEs (2011)
Anaïs Hamelin (Université de Strasbourg and Université Libre de Bruxelles), Journal of Banking and Finance, 35 (3), 613-626
Managing liquidity: Optimal degree of centralization (2011)
Sebastian Pokutta (Technische Universität Darmstadt) and Christian Schmaltz (Frankfurt School of Finance and Management), Journal of Banking and Finance, 35 (3), 627-638
Estimating exponential affine models with correlated measurement errors: Applications to fixed income and commodities (2011)
M.A.H. Dempster (University of Cambridge) and Ke Tang (Renmin University of China), Journal of Banking and Finance, 35 (3), 639-652
House prices, non-fundamental components and interstate spillovers: The Australian experience (2011)
Greg Costello (Curtin University of Technology), Patricia Fraser (Curtin University of Technology and University of Aberdeen) and Nicolaas Groenewold (University of Western Australia), Journal of Banking and Finance, 35 (3), 653-669
The relationship between asset growth and the cross-section of stock returns (2011)
Philip Gray (The University of Queensland) and Jessica Johnson (The University of Queensland), Journal of Banking and Finance, 35 (3), 670-680

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