Armen Hovakimian
Professor
Zicklin School of Business
Department: Bert Wasserman Dept Eco & Fin
Areas of expertise: Corporate Finance
Email Address: armen.hovakimian@baruch.cuny.edu
> View CV- Biography
- Teaching
- Research and Creative Activity
- Grants
- Honors and Awards
- Service
Armen Hovakimian is a Professor of Finance at the Zicklin School of Business, Baruch College, City University of New York, where he has taught undergraduate, Masters, Ph.D., and Executive courses on various topics in corporate finance. Professor Hovakimian’s research involves analyses of various aspects of corporate finance and financial institutions, including corporate capital structure, credit ratings, seasoned and initial debt and equity offerings, mergers and acquisitions, financial analyst forecasts, deposit insurance, and commercial banks’ risk taking behavior. His research has been presented at a number of international conferences and has been published in top academic and practitioner finance journals, such as the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Management Science, Review of Finance, Journal of Business, Journal of Portfolio Management, Financial Analysts Journal, and others. He has received various grants and awards, including Institute for New Economic Thinking Research Grant (2010), FDIC Center for Financial Research Award (2004), Eugene M Lang Fellowship (1999), and multiple PSC-CUNY Research Awards. In 2005, Professor Hovakimian worked with the Strategic Advisory Group of the UBS Investment Bank in New York City as a visiting scholar. At Baruch College, Professor Hovakimian has previously served as the Chairman of Bert W. Wasserman Department of Economics and Finance, Academic Director of the International Executive MS program in Finance, the Academic Director of the Executive MS program in Finance, and the Coordinator of the Ph.D. program in Finance. Professor Hovakimian received his Ph.D. in Finance in 1998 from Boston College. He also holds a BS in Computer Engineering from Yerevan Polytechnic Institute and an MBA from American University of Armenia. Prior to his academic career in Finance, Professor Hovakimian worked as a Computer Engineer in the former Soviet Union.
Education
Ph.D., Finance, Boston College
M.B.A., American University of Armenia
B.S., Computer Engineering, Yerevan Polytechnic Institute, Armenia
| Semester | Course Prefix | Course Number | Course Name |
|---|---|---|---|
| Fall 2023 | ECON | 90000 | Dissertation Supervision |
| Fall 2023 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2023 | FIN | 9770 | Corporate Finance |
| Summer 2023 | FIN | 9781 | Intermediate Corporate Finance |
| Summer 2023 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2023 | ECON | 90000 | Dissertation Supervision |
| Spring 2023 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2023 | BUS | 90000 | Dissertation Supervision |
| Spring 2023 | FIN | 81000 | Corporate Finance Theory |
| Fall 2022 | FIN | 9770 | Corporate Finance |
| Fall 2022 | ECON | 90000 | Dissertation Supervision |
| Fall 2022 | FIN | 9781 | Intermediate Corporate Finance |
| Summer 2022 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2022 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2022 | FIN | 81000 | Corporate Finance Theory |
| Fall 2021 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2021 | FIN | 9770 | Corporate Finance |
| Summer 2021 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2021 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2021 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2021 | FIN | 81000 | Corporate Finance Theory |
| Fall 2020 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2020 | FIN | 9770 | Corporate Finance |
| Summer 2020 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2020 | FIN | 81000 | Corporate Finance Theory |
| Spring 2020 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2020 | BUS | 90000 | Dissertation Supervision |
| Fall 2019 | BUS | 90000 | Dissertation Supervision |
| Summer 2019 | FIN | 9781 | Intermediate Corporate Finance |
| Summer 2019 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2019 | BUS | 90000 | Dissertation Supervision |
| Spring 2019 | FIN | 81000 | Corporate Finance Theory |
| Spring 2019 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2019 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2018 | BUS | 90000 | Dissertation Supervision |
| Summer 2018 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2018 | FIN | 81000 | Empirical Corporate |
| Spring 2018 | BUS | 90000 | Dissertation Supervision |
| Fall 2017 | BUS | 90000 | Dissertation Supervision |
| Summer 2017 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2017 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2017 | FIN | 81000 | Empirical Corporate |
| Spring 2017 | BUS | 90000 | Dissertation Supervision |
| Fall 2016 | BUS | 90000 | Dissertation Supervision |
| Spring 2016 | BUS | 90000 | Dissertation Supervision |
| Spring 2016 | FIN | 9891 | Special Topics in Investments |
| Spring 2016 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2016 | FIN | 85700 | Empirical Corporate Finance |
| Fall 2015 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2015 | BUS | 90000 | Dissertation Supervision |
| Fall 2015 | BUS | 89500 | Independent Study |
| Spring 2015 | FIN | 9790 | Seminar in Finance |
| Spring 2015 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2015 | FIN | 81000 | Empirical Corporate |
| Spring 2015 | BUS | 90000 | Dissertation Supervision |
| Fall 2014 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2014 | BUS | 90000 | Dissertation Supervision |
| Summer 2014 | FIN | 9771 | Corporate Fin Theory |
| Spring 2014 | BUS | 90000 | Dissertation Supervision |
| Spring 2014 | FIN | 81100 | Empirical Corporate |
| Spring 2014 | FIN | 9891 | Special Topics in Investments |
| Spring 2014 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2013 | BUS | 90000 | Dissertation Supervision |
| Fall 2013 | FIN | 9798 | Analysis Industrial Securities |
| Fall 2013 | BUS | 89500 | Independent Study |
| Spring 2013 | FIN | 9798 | Analysis Industrial Securities |
| Spring 2013 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2013 | FIN | 81100 | Corporate Finance |
| Spring 2013 | BUS | 90000 | Dissertation Supervision |
| Fall 2012 | FIN | 9798 | Analysis Industrial Securities |
| Fall 2012 | BUS | 90000 | Dissertation Supervision |
| Fall 2012 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2012 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2012 | FIN | 9790 | Seminar in Finance |
| Spring 2012 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2012 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2011 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2011 | FIN | 9771 | Corporate Fin Theory |
| Fall 2011 | FIN | 9771 | Corporate Fin Theory |
| Spring 2011 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2010 | FIN | 9771 | Corporate Fin Theory |
| Fall 2010 | FIN | 9771 | Corporate Fin Theory |
| Fall 2009 | FIN | 9771 | Corporate Fin Theory |
| Fall 2009 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2009 | FIN | 3610 | Corporate Finance |
| Fall 2008 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2007 | FIN | 9781 | Intermediate Corporate Finance |
| Summer 2007 | FIN | 9759 | Mergers and Acquisitions |
| Spring 2007 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2007 | FIN | 9759 | Mergers and Acquisitions |
| Fall 2006 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2006 | FIN | 9792 | Advanced Corporate Finance |
| Spring 2006 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2006 | FIN | 9790 | Seminar in Finance |
| Fall 2005 | FIN | 9790 | Seminar in Finance |
| Spring 2005 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2005 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2004 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2004 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2004 | FIN | 9792 | Advanced Corporate Finance |
| Fall 2003 | FIN | 9781 | Intermediate Corporate Finance |
| Spring 2003 | FIN | 9770 | Corporate Finance |
| Spring 2003 | FIN | 9770 | Corporate Finance |
| Fall 2002 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2002 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2002 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2001 | FIN | 9781 | Intermediate Corporate Finance |
| Fall 2001 | FIN | 4610 | Advanced Corporate Finance |
Abstracts
Hovakimian, A., Opler, T., & Titman, S. (2001). The Debt-Equity Choice. CFA Digest,
Journal Articles
Hovakimian, A., & Hovakimian, G. (2021). Corporate Leverage and the Dynamics of its Components. Journal of Financial and Quantitative Analysis, 56(2). 499-530.
Hovakimian, A., & Hu, H. (2020). Anchoring on Historical High Prices and Seasoned Equity Offerings. Journal of Financial and Quantitative Analysis, 55(8). 2588-2612.
Hovakimian, A., & Hu, H. (2016). Institutional Shareholders and SEO Market Timing. Journal of Corporate Finance, 36. 1-14.
Hovakimian, A. (2014). U.S. Analyst Regulation and the Earnings Forecast Bias Around the World. European Financial Management, 20(3). 435-461.
(2012). Are corporate default probabilities consistent with the static tradeoff theory?. Review of Financial Studies, 25(2). 315-340.
(2012). Is the Partial Adjustment Model a Useful Tool for Capital Structure Research?. Review of Finance, 16(3). 733-754.
(2011). In Search of Conclusive Evidence: How to Test for Adjustment to Target Capital Structure. Journal of Corporate Finance, 17(1). 33-44.
Hovakimian, A., & Saenyasiri, E. (2010). Conflicts of interest and Analyst Behavior: Evidence from Global Analyst Research Settlement. Financial Analysts Journal, 66(4). 96-107.
(2010). Corporate Financing Activities and Contrarian Investment. Review of Finance, 14(3). 543-584.
(2010). Market Feedback and Equity Issuance: Evidence from Repeat Equity Issues. Journal of Financial and Quantitative Analysis, 45(3). 739-762.
(2010). Merger Motivated IPOs. Financial Management, 39(4). 1547-1573.
(2009). Volatility Spreads and Expected Stock Returns. Management Science, 55. 1797-1812.
(2009). Cash Flow Sensitivity of Investment. European Financial Management, 15(1). 47-65.
(2006). Peer Pressure: Industry Group Impacts on Stock Valuation Precision and Contrarian Strategy Performance. Journal of Portfolio Management, 80-91.
Hovakimian, A. (2006). Are Observed Capital Structures Determined By Equity Market Timing?. Journal of Financial and Quantitative Analysis, 41(1). 221-243.
Hovakimian, A. (2004). The Role of Target Leverage in Security Issues and Repurchases. Journal of Business, 77(4). 1-31.
(2004). Determinants of Target Capital Structure: The Case of Dual Debt and Equity Issues. Journal of Financial Economics, 71(3). 517-540.
(2003). How Country and Safety Net Characteristics Affect Bank Risk-Shifting. Journal of Financial Services Research, 23(3). 177-204.
(2002). The Capital Structure Choice: New Evidence for a Dynamic Tradeoff Model. Journal of Applied Corporate Finance, 15(1). 8-14.
(2001). The Debt-Equity Choice. Journal of Financial and Quantitative Analysis, 26(1). 1-24.
(2000). Effectiveness of Capital Regulation at U.S. Commercial Banks, 1985-1994. Journal of Finance, 55(1). 451-468.
(1999). Taxes and Stock Returns. Journal of Financial Education, 25(14-21).
Corporate Deleveraging: The Impact of Debt Maturity Structure and Callable Debt. in progress, In Progress.
Conference Proceedings
Hovakimian, A., & Kane, E. J. (1998). Safety Net Subsidies at U.S. Commercial Banks, 1985-1994. Proceedings of the 34th Annual Conference on Bank Structure and Competition.
Presentations
Choi, Y., Hovakimian, A., & Won, J. (2024, November 26). Risk Perception and Corporate Investment and Financing Behaviors. Conference on Financial Economics and Accounting (CFEA) annual conference. Atlanta, Georgia: Georgia State University.
(2022, October 1). Risk Perception and Corporate Investment and Financing Behaviors. Financial Management Association (FMA) annual conference. Atlanta, Georgia: Financial Management Association.
(2024, September 26). Risk Perceptions and Corporate Investment and Financing Behaviors. Korea-America Finance Association (KAFA) Brown Bag Seminar Series. : Korea-America Finance Association.
Hovakimian, A., & Hovakimian, G. (2018, May 31). Leverage Persistence and Corporate Dynamic Tradeoff Behavior. Financial Management Association - Asia/Pacific conference. Hong Kong
Hovakimian, A., & Hu, H. (2016, April 11). The Impact of Reference Point Prices on Seasoned Equity Offerings. Finance Seminar. Oxford, Ohio: Miami University.
Hovakimian, A., & Hu, H. (2016, June 29). The Impact of Reference Point Prices on Seasoned Equity Offerings. Annual Meeting. Basel, Switzerland: European Financial Management Association.
Hovakimian, A., & Hu, H. (2015, November 16). The Impact of Reference Point Prices on Seasoned Equity Offerings. Finance Seminar. Boca Raton, Florida: Florida Atlantic University.
Hovakimian, A. (2015, June 19). Systemic Risk. Annual Meeting. Yerevan, Armenia: Armenian Economic Association.
Hovakimian, A., Kayhan, A., & Titman, S. (2010, April 30). Credit Rating Targets. Finance Seminar. : Syracuse University.
Hovakimian, A., & Vulanovic, M. (2008, July 8). Corporate Financing of Maturing Long-Term Debt. Annual Meeting. Yokohama city, Japan: Asian Finance Association.
Hovakimian, A., & Hovakimian, G. (2006, December 31). Cash Flow Sensitivity of Investment. Annual Meeting. : Financial Management Association.
Hovakimian, A., & Hovakimian, G. (2005, December 31). Cash Flow Sensitivity of Investment. Annual Meeting. : European Financial Management Association.
Hovakimian, A. (2005, December 31). Are Observed Capital Structures Determined By Equity Market Timing?. Finance Seminar. : University of Florida.
Hovakimian, A. (2005, December 31). Are Observed Capital Structures Determined By Equity Market Timing?. Annual Meeting. : American Finance Association.
Hovakimian, A. (2004, December 31). Are Observed Capital Structures Determined By Equity Market Timing?. Finance Seminar. : SUNY Binghamton.
Hovakimian, A., Kane, E. J., & Laeven, L. (2003, December 31). How Country and Safety Net Characteristics Affect Bank Risk-Shifting. Annual Meeting. : American Finance Association.
Hovakimian, A., Hovakimian, G., & Tehranian, H. (2003, December 31). Determinants of Target Capital Structure: The Case of Dual Debt and Equity Issues. Annual Meeting. : American Finance Association.
Hovakimian, A., Hovakimian, G., & Tehranian, H. (2002, December 31). Determinants of Target Capital Structure: The Case of Dual Debt and Equity Issues. Annual Meeting. : Financial Management Association.
Hovakimian, A. (2002, December 31). The Role of Target Leverage in Security Issues and Repurchases. Annual Meeting. Berlin: European Finance Association.
Hovakimian, A., Hovakimian, G., & Tehranian, H. (2001, December 31). Determinants of Target Capital Structure: The Case of Dual Debt and Equity Issues. Finance Seminar. : Baruch College.
Hovakimian, A. (2000, December 31). The Role of Target Leverage in Security Issues and Repurchases. Annual Meeting. : Financial Management Association.
Hovakimian, A. (1999, December 31). Incentive Effects of Financial Structure. FMA European Conference. Barcelona: Financial Management Association International.
Hovakimian, A., Opler, T., & Titman, S. (1999, December 31). The Debt-Equity Choice. Finance Seminar. : Baruch College.
Hovakimian, A., & Kane, E. J. (1998, December 31). Safety Net Subsidies at U.S. Commercial Banks, 1985-1994. Conference on Bank Structure and Competition. : Federal Reserve Bank of Chicago.
Hovakimian, A. (1998, December 31). Incentive Effects of Financial Structure. Conference on Financial Economics and Accounting. : NYU.
Hovakimian, A. (1997, December 31). Incentive Effects of Financial Structure. Finance Seminar. : Baruch College.
Hovakimian, A. (1996, December 31). Incentive Effects of Financial Structure. Doctoral Student Consortium. New Orleans: FMA.
Hovakimian, A. (1996, December 31). Incentive Effects of Financial Structure. New England Finance Doctoral Students Symposium. : Amherst.
Research Currently in Progess
Choi, Y., Hovakimian, A., & Won, J.(n.d.). Risk Perception and Corporate Investment. In Progress.
Using a recently developed measure of financial market risk perceptions, we show that market risk perceptions affect firm-level corporate investment. While multiple channels drive these results, we find evidence that firms cater to investors’ preferences. When perceived risk is low, firms tend to increase their capital expenditures to take advantage of overvaluation associated with more investment. When perceived risk is high, firms tend to reduce capital expenditures to avoid undervaluation associated with more investment.
Choi, Y., Hovakimian, A., & Won, J.(n.d.). Risk Perception and Corporate Financing Behavior. In Progress.
Using a recently developed measure of financial market risk perceptions, we show that market risk perceptions affect firm-level corporate financing. While multiple channels drive these results, we find evidence that firms cater to investors’ preferences. When perceived risk is low, firms tend to choose more leveraged capital to take advantage of overvaluation associated with higher risk. When perceived risk is high, firms tend to deleverage to avoid undervaluation associated with higher risk.
| Title | Funding Agency Sponsor | Start Date | End Date | Awarded Date | Total Funding | Status |
|---|---|---|---|---|---|---|
| Corporate Deleveraging: The Impact of Debt Maturity Structure and Callable Debt | PSC-CUNY 51 | 07/01/2020 | 12/31/2022 | 04/17/2020 | 3483.4 | Completed |
| The Persistent and the Transitory in Corporate Leverage Ratios | PSC-CUNY 48 | 07/01/2017 | 06/30/2018 | 04/14/2017 | 3396.8 | Completed |
| Systemic risk of US banks | PSC-CUNY 43 | 07/01/2012 | 06/30/2013 | 04/17/2012 | 2598.4 | Completed |
| Stock prices and corporate investment | PSC-CUNY 42 | 07/01/2011 | 06/30/2012 | 04/15/2011 | 2647.6 | Completed |
| Credit rating targets | PSC-CUNY 41 | 07/01/2010 | 06/30/2011 | 4206.8 | Completed | |
| Target capital structure and adjustment dynamics | PSC-CUNY 40 | 07/01/2009 | 06/30/2010 | 3200 | Completed | |
| Corporate Financing Events and Stock Return: Testing the Risk and Mispricing Hypothesis | PSC-CUNY 39 | 07/01/2008 | 12/31/2009 | 2500 | Completed |
| Honor / Award | Organization Sponsor | Date Received | Description |
|---|---|---|---|
| Funding recipient | Institute for New Economic Thinking (INET) | 2010-09-01 | |
| Funding recipient | Federal Deposit Insurance Corporation (FDIC) Center for Financial Research | 2004-09-01 | |
| Eugene Lang, Junior Faculty Research Fellowship | Baruch College | 1999 |
College
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| Open Houses for prospective graduate students | Faculty Advisor | Present | |
| Board of Directors of the Bernard M. Baruch College Auxiliary Enterprises Corporation | Committee Member | Present | |
| Educational Policy Committee, Baruch College Facuty Senate | Committee Member | Present | |
| Department Executive Committee | Committee Member | Present | |
| Baruch College Faculty Senate, Senator | Present | ||
| College Personnel and Budget Committee | Committee Member | Present | |
| Academic Advisor, Graduate Finance Programs | Faculty Advisor | Present | |
| Recruiting Committee, Department of Economics and Finance | Committee Chair | 12/31/2021 | |
| Department Chair: Department of Economics and Finance | 12/31/2019 | ||
| P&B Committee, Zicklin School of Business | Committee Member | 12/31/2019 | |
| Executive Committee, Department of Economics and Finance | Committee Chair | 12/31/2019 | |
| Launched an MS program in Financial Risk Management | 12/31/2015 | ||
| Launched an MS program in Finance | 12/31/2014 | ||
| Dean Search Committee | Committee Member | 1/31/2014 | |
| Recruiting Committee, Department of Economics and Finance | Committee Member | 12/31/2013 | |
| Academic Director, Executive MS Program in Finance | 12/31/2013 | ||
| Academic Director, International Executive MS Program in Finance | 12/31/2013 | ||
| Executive Committee, Department of Economics and Finance | Committee Member | 6/30/2013 | |
| Zicklin Representative to the Weissman School of Arts and Sciences | 12/31/2008 | ||
| Academic advisor to undergraduate finance majors | 12/31/2008 | ||
| Departmental research seminar series, Coordinator | Coordinator | 12/31/2007 | |
| Orientation sessions for the incoming class of undergraduate business students | 12/31/2007 | ||
| “Brown Bag” finance research seminar series, Initiator and Coordinator | 12/31/2007 | ||
| Administrator of the departmental web site | 12/31/2007 | ||
| Administrator of Blackboard sites for finance majors and economics majors | 12/31/2007 | ||
| Course coordinator for Advanced Corporate Finance, FIN 4610 | 12/31/2006 | ||
| Zicklin Graduate Curriculum Committee, alternate member | alternate member | 12/31/2005 | |
| Search Committee for William F. Aldinger III Chair in Banking and Finance | Committee Member | 12/31/2005 | |
| Academic advisor to graduate finance majors | 12/31/2004 | ||
| Information sessions for prospective graduate students | 12/31/2004 | ||
| Department Committee on MBA program in finance | Committee Member | 12/31/2003 | |
| Dean's Task Force on Research | member | 12/31/2003 | |
| Orientation sessions for the incoming class of MBA students | 12/31/2003 | ||
| Academic Policy Committee of the Baruch College Faculty Senate | Committee Member | 12/31/2002 |
University
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| Ph.D. Comprehensive Examination Committee | Committee Member | 1/1/2001 | Present |
| PSC-CUNY Research Foundation | Grant Proposal Reviewer, Internal | 12/31/2021 | |
| Ph.D. Dissertation Committee, Xiaoyu Zhu, Finance, defended, placement: Sun Yat-sen University, China | Committee Chair | 12/31/2020 | |
| PhD Dissertation Committee, Saeed Ghasseminejad, Finance, defended, placement: Foundation for Defense of Democracies | Committee Chair | 12/31/2018 | |
| Ph.D. Dissertation Committee, Mert Demir, Finance, defended | Committee Chair | 12/31/2017 | |
| Ph.D. Dissertation Committee, Viktoriya Staneva, Finance, defended, placement: University of New Hampshire | Committee Chair | 12/31/2017 | |
| Ph.D. Dissertation Committee, Yuan Feng, Finance, defended, placement: SWUFE, China | Committee Chair | 12/31/2017 | |
| Ph.D. Dissertation Committee, Katarszyna Platt, Finance, defended, placement: SUNY - Old Westbury | Committee Chair | 12/31/2015 | |
| Ph.D. Dissertation Committee, Yili Lian, Finance, defended, placement: Penn State - Scranton | Committee Chair | 12/31/2013 | |
| Ph.D. Dissertation Committee, Huajing Hu, Finance, defended, placement: Adelphi University | Committee Chair | 12/31/2013 | |
| Ph.D. Program in Finance | 1/1/2007 | 12/31/2013 | |
| Ph.D. Dissertation Committee, Guangzhong Li, Finance, defended, Placement: Central University of Finance and Economics, China | Committee Chair | 12/31/2011 | |
| Ph.D. Dissertation Committee, Milos Vulanovic, Economics, defended, Placement: Western New England University | Committee Chair | 12/31/2009 | |
| Ph.D. Dissertation Committee, Ekkachai Saenyasiri, Finance, defended | Committee Chair | 12/31/2008 | |
| PSC-CUNY Research Foundation | Grant Proposal Reviewer, Internal | 12/31/2007 | |
| Ph.D. Dissertation Committee, Irena Hutton, Finance, defended | Committee Chair | 12/31/2006 | |
| Ph.D. Dissertation, Farah Yunus, Finance, defended | Committee Member | 12/31/2005 | |
| Ph.D. Dissertation Raj Sharma, Finance, defended | Committee Member | 12/31/2005 | |
| Ph.D. Dissertation, Doocheol Moon, Finance, defended | 12/31/2001 |
Professional
| Organization | Position Role | Organization State | Organization Country | Start Date | End Date | Audience |
|---|---|---|---|---|---|---|
| European Finance Review | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Finance | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Economics and Business | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Corporate Finance | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Business Research | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| European Financial Management | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| International Review of Finance | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Financial Review | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Financial Management | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Banking and Finance | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Financial and Quantitative Analysis | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Financial Intermediation | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Financial Research | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Financial Services Research | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of Financial Stability | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Journal of International Money and Finance | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Pacific Basin Finance Journal | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Review of Finance | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Review of Financial Studies | Reviewer, Ad Hoc Reviewer | 1/1/1998 | Present | International | ||
| Conference Program Committee - Financial Management Association Annual Meeting | Committee Member | 12/31/2021 | ||||
| National Science Foundation | Reviewer, Grant Proposal | United States | 12/31/2021 | |||
| Conference Program Committee - Financial Management Association Asia/Pacific | Committee Member | 1/1/2017 | 12/31/2017 | |||
| Conference Program Committee - European Financial Management Association | Committee Member | 1/1/2016 | 12/31/2016 | |||
| Hong Kong Research Grants Council | Reviewer, Grant Proposal | 12/31/2012 | ||||
| Conference Program Committee, European Finance Association Annual Meeting | Committee Member | 12/31/2007 | ||||
| Conference Program Committee, Financial Management Association Annual Meeting | Committee Member | 12/31/2007 | ||||
| Hong Kong Research Grants Council | Reviewer, Grant Proposal | 12/31/2006 | ||||
| Conference Program Committee, European Finance Association Annual Meeting | Committee Member | 12/31/2006 | ||||
| Conference Program Committee, Financial Management Association Annual Meeting | Committee Member | 12/31/2006 | ||||
| Conference Program Committee , Eastern Finance Association Annual Meeting | Committee Member | 12/31/2006 |