Recent Publications

Refereed Journal Articles

"Are Discounts for Closed-End Funds Big Enough?" with Cheng, J. The International Journal of Finance, Vol. 18, No. 1, pp. 3806-3820, 2006.

"Stock Market Reaction to News and Subsequent Corrections: Examining Downward Ranking Changes Versus Upward Ranking Changes," with Mulugetta, Y., Journal of Global Business 16(32):17-28 (Fall 2005).

"Derivatives and Risk Management in the Banking Industry," with Hadjinikolov, H., The International Journal of Banking and Finance 2(1):45-61 (2004).

"Building Empirical MOdels for Exchange Rates Forecasting Under the Managed Exchange Rate System," with Mulugetta, Y. and Tessema, A., The International Journal of Finance 16(3) 2004.

"Subset of Emerging Equity Markets Performance in International Equity Markets at Times of Currency Crises," with Mulugetta, Y. and Unsal, F., Managerial Finance Special Issue, 30(30) (2004).

"Divergent Responses of Market Price and Net Asset Value in Emerging Markets to Economic Turmoil of Asia," with Mulugetta, Y., The Journal of Current Research in Global Business, 6(9): 72-81 (Winter 2004).

"Internet Banking: Competitive Environment and Consumer Perspectives," with Movassaghi, H. and Unsal, F., Journal of International Business & Entrepreneurship Development 1(2):36-44 (2003).

"The Influence of Standard and Poor's Ranking Changes on Stock Price Performance," with Movassaghi, H. & Zaman, R., Managerial Finance 28(4):19-30 (2002).

"Relationships of Exchange Rates Determinants in Dynamic Regression Models," with Mulugetta, Y., The Journal of Current Research in Global Business, 4(6):18-22, Fall (2002).

"Estimating the Theoretical Discount of World Equity Closed-End Funds," with Cheng, J., The Journal of Current Research in Global Business, 4(5):63-70, Winter (2002).

"Relevance of Currency Exposure in the Valuation of Single Country Closed-End Funds," with Ghosh, D. and Cheng, J., International Journal of Business, 6(1):85-100 (2001).

"Comparative Performance of World Equities Benchmark Shares and Single Country Closed-End Funds," co-authored by S. Rojas and J. Costa, The Journal of Current Research in Global Business, 2(2), 82-88 (2000).

"Doctrinal Views on Exchange Rate Determination: An Eclectic Approach," co-authored with D. Ghosh and A. Tessema, in Balanced of Payments Adjustments: Macro Facets of International Finance Revisited, Arize, Bonitsis, Kallianiotis, Kasibhatla and Malindretos (eds.), Greewood Press, Westport, CT (2000).

Conference Proceedings

"Factors to Gauge to Discover the Directional Move of Currency Prices Using Time Series and Cross-Sectional Analysis," with Mulugetta Y., and Zaman R., in the Proceedings of the Association for Global Business, November 16-18, 2006, Newport Beach, California. 

"Unbiased Expectation of Forward Rate: How Well Does It Work For Industrialized and Emerging Countries?" Proceedings of the Association For Global Business Annual Conference, Miami, FL (2005).

"Transparency and Efficiency of Risk Management in the Banking Industry under SFAS 133," with Hadjinikolov, H. Proceedings of the 2004 SAM International Business Conference.

"Stock Market Reaction to News and Subsequent Corrections: Examining Downward Ranking Changes Versus Upward Ranking Changes," with Mulugetta, Y. in Proceedings, 16th Annual Conference of hte Association for Global Business, Cancun, Mexico, November 18-20 (2004).

"Internet Banking: Will It Receive Global Acceptance?" with Unsal, F. and Movassaghi, H., Proceedings of International Management Development Association, Antalya, Turkey, July 10-14 (2002).

"Is Currency Translation Exposure Relevant to the Valuation of Internationally Traded Funds?" Proceedings of the 2000 Conference Selected Papers and Abstracts of the Academy of International Business Northeast Regional Meeting, Ithaca, NY (2000).

Chapters in Books & Cases

"Chapter 21: Impact of Currency Depreciation on the Performance of International Funds: A Comparative Study of the Asian and Mexican Currency Crisis," co-authored with Y. Mulugetta and D. Ghosh, Global Financial Markets at the Turn of the Century, Meric and Meric (eds.), pp. 281-309, Elsevier Science LTD, Oxford, U.K. (2001).

"Chapter 5: College Financial Planning Math," co-authored with Y. Mulugetta in The Mathematics of Personal Finance: Using Calculators and Computers, 2nd edition, by Garman, Xiao and Brunson (eds.), Dame Thompson Learning, Cincinnati, OH (2000).

"Doctrinal Views on Exchange Rate Determination: An Eclectic Approach," with Ghos, D. & Tessema, A., Balance of Payments Adjustments: Macro Facets of International Finance Revisited, edited by Augustine C. Arize, Theologos H. Bonitsis, Ionnis N. Kallianiotis, Krishna M. Kasibhatla and John Malindretos, pp. 200-211, Greenwood Press, Westport, CT (2000).