BING-XUAN LIN. Corporate Diversification, Corporate Governance, Investments, Market Microstructure, Risk Management

Transcription

1 BING-XUAN LIN Finance Area College of Business Administration University of Rhode Island, Kingston, RI Phone: (401) Dovetail Lane Wakefield, RI Phone: (401) RESEARCH INTERESTS Corporate Diversification, Corporate Governance, Investments, Market Microstructure, Risk Management Courses Taught EDUCATION Financial Management, Portfolio Theory, Advanced Corporate Finance, Student Investment Fund, Financial Strategy and Behavioral Finance, Investment Banking Georgia State University Finance Ph.D. University of South Alabama Business M.B.A. Hua-Qiao University English Literature B.A. Honors and Awards Best Paper Award: Northeast Decision Science Institute Conference 2006 Best Paper Award: Journal of Insurance Issues 2004 Best Paper Award: International Insurance Association Annual Conference, 2003 Best Paper Award: International Business and Economic Research Conference, GTA Teaching Excellence Award in College of Business, Georgia State University, 2000 Phi Beta Delta Society of International Scholars Beta Gamma Sigma Honor Society EXPERIENCE Harvard University present Teaching: S-1911 Capital Acquisition and Investment Banking Process S-1913 Financial Strategy and Behavioral Finance SSAM-141 Cases in Corporate Finance University of Rhode Island Teaching: Fin 301 Fin 401 Fin 422 Fin 425 MBA 504 Financial Management Advanced Corporate Finance Student Managed Fund Portfolio Management Financial Management (MBA Core Course) present

2 Morrison Health Service Inc Develop Benchmark for Performance Measure Georgia State University ( ) - Teaching: Fin330 Corporate Finance Research Assistant Journal Publication Catastrophic Losses and Insurer Profitability: Lessons from 9/11 with Xuanjuan Chen, Helen Doerpinhaus and Tong Yu, Journal of Risk and Insurance, Forthcoming The Frequency and Magnitude of Earnings Management in China, with Shaw Chen, Yaping Wang and Liansheng Wu, Applied Economics, Forthcoming Sarbanes-Oxley: Some Unintended Consequences, with Graham, Allan, David Michayluk and Pamela Stuerke Journal of Business and Economic Perspectives, Forthcoming The Impact of Asset Acquisition on the Method of Controlling Rights Transfer: Evidence from the Chinese Market, with Yunxia Bai, Shaw Chen and Liansheng Wu, International Review of Economics and Finance, Forthcoming Tests of the Relationship between Asymmetric Information, Firm, Quality and Derivative Activities, with Charles Hodges, Chenmiao Lin and Stephen Smith, Journal of International Finance and Economics, No.1, 2006 Valuation and Long-run Growth Rates, with Ronald Best and Charles Hodges, Review of Business Research, No. 2, 2006 The Impact of Government Regulation and Ownership: Evidence from Chinese Securities Company, with Shaw Chen, Xuanjuan Chen and Rongsa Zhong, Global Finance Journal, Vol. 16, 2005 Analyzing Bankruptcy Predictors Using Time Series Data, with Charles Hodges and Bob Cluskey, Journal of Accounting and Finance Research Vol. 13, 2005 Liquidity Response to Auditor Reputation Concerns, with David Michayluk, Finance Letters Vol. 2, Issue 5, 2004 The Impact of Industrial Demand of Capital on IPO Activities: Evidence from Property and Liability Insurance Firms, with Mulong Wang and Tong Yu, Journal of Insurance Issue Volume 27, 2004 The Market Reaction to Voluntary Stock Option Expense Recognition Announcements, with Ronald W. Best, Joseph Rue and Ara Volkan, Journal of Business and Economics Research, Volume 2, 2004 Information Asymmetry and the Valuation of Diversification, with Ronald W. Best and Charles W. Hodges, Journal of Financial Research, Volume 27, June 2004

3 Managerial Incentives and Changes in Corporate Focus with Ronald W. Best and Charles W. Hodges, Journal of Business and Economics Research, Volume 2, March 2004 Analyst Coverage and the Diversification Discount, with Ronald W. Best and Charles W. Hodges, Journal of Business and Economics Research, Volume 1, August 2003 Current Projects The Effectiveness of Tax Policies in China - A Study on the Origin and Removal of Local Tax Rebates in China with Shaw Chen, Chen Li and Liansheng Wu, resubmitted to Journal of Accounting and Public Policy Hubris amongst Japanese Bidders, with David Michayluk, Henry Oppenheimer, and Sein Reid, resubmitted to Pacific-Basin Finance Journal Cross-Listing, Corporate Governance and Operating Performance Evidence from Chinese Market, with Shaw Chen, Yaping Wang and Liansheng Wu, submitted to Journal of Banking and Finance The Impact of Firm Franchise Value on Asset Allocation: An Analysis of Property-Liability Insurance Firms with Tong Yu and Henry R. Oppenheimer, revised for resubmission to Risk Management and Insurance Review. The Impact of Immaterial Corporate Disclosure on Market Liquidity: Evidence of the Disjunction Effect, with David Michayluk, submitted to Finance Letters The Impact of U.S. Decimalizaton on U.S. and French Cross-listed Securities, with David Michayluk, Henry Oppenheimer and Sanjiv Sabherwal submitted to Journal of Business Finance and Accounting Detecting the Frequency and Magnitude of Earnings Management: A Parametric Model and Empirical Analysis, with Shaw Chen, Yaping Wang and Liansheng Wu, submitted to Southern Economic Journal Downward-Sloping Demand Curves and Liquidity: Evidence from the S&P 500 change to Free Float, with David Lam and David Michayluk Corporate Diversification and Industry Shocks: Evidence from Competitors Bankruptcy Filings, with Peter DaDalt and Jacqueline Garner, Demand of External Financing and Risk Management, with Chenmiao Lin and Peter DaDalt Evidence on the Similarity of Liquidity Measures across Asia-Pacific Stock Exchanges with David Michayluk A Re-examination of the Value-relevance of Accounting Information, with Shaw Chen, Yaping Wang and Liansheng Wu Firm Quality and Derivative Activities, with Chenmiao Lin and Stephen D. Smith

4 PRESENTATIONS AT PROFESSIONAL MEETINGS Cross-Listing, Corporate Governance and Operating Performance Evidence from Chinese Market, with Shaw Chen, Yaping Wang and Liansheng Wu, presented at the 2006 Journal of Banking and Finance conference Before and after the fall: Insider trades around earnings restatements, with Peter Dadalt and Speros Margetis, presented at the 2006 Eastern Finance Association Conference Demand of External Financing and Risk Management, with Chenmiao Lin and Peter DaDalt presented at the 2006 Eastern Finance Association Conference Detecting the Frequency and Magnitude of Earnings Management: A Parametric Model and Empirical Analysis, with Shaw Chen, Yaping Wang and Liansheng Wu, presented at the 2006 Northeast Decision Sciences Institute Conference Tests of the Relationship between Asymmetric Information, Firm Quality and Derivative Activities, Co-authored with Charles Hodges, Chen-Miao Lin and Stephen D. Smith, presented at the 2006 International Academy of Business and Economics Meeting Valuation and Long-Run Growth Rates, with Ronald J. Best and Charles Hodges, presented at the 2006 International Academy of Business and Economics Meeting. Mergers and Acqu4 isitions Using ADRs as a Method of Payment, with James Owers and Ronald Rogers, presented at the 2006 Global Finance Conference Use of Missing Data in S.E.C. Filings to Predict Bankruptcy, with G. R. Cluskey, Charles Hodges and Sondra Smith, presented at the 2005 Academy of Business Disciplines Meeting The Impact of U.S. Decimalizaton on U.S. and French Cross-listed Securities, with David Michayluk, Henry Oppenheimer and Sanjiv Sabherwal, presented at the 2005 Southern Finance Association conference Demand of External Financing and Risk Management, with Chenmiao Lin and Peter DaDalt presented at the 2005 Financial Management Association conference Sarbanes-Oxley: Some Unintended Consequences, with Allan Graham, David Michayluk, Pamela Stuerke, at the 2005 at the American Accounting Association Conference (Panel Discussion). Sarbanes-Oxley: Some Unintended Consequences, with Allan Graham, David Michayluk, Pamela Stuerke, at the 2005 North East Region of the American Accounting Association Conference. Catastrophic Losses and Insurer Profitability: Lessons from 9/11 with Xuanjuan Chen, Helen Doerpinhaus and Tong Yu, at the 2004 Southern Risk and Insurance Association Conference Earnings Forecast Revisions in the Insurance Industry with Xuanjuan Chen and Tong Yu, at the 2004 Decision Science Institute Conference

5 The Impact of Immaterial Corporate Disclosure on Market Liquidity: Evidence of the Disjunction Effect, with David Michayluk to be presented at the 2004 Southern Finance Association Meeting The Impact of Immaterial Corporate Disclosure on Market Liquidity: Evidence of the Disjunction Effect, with David Michayluk to be presented at the 2004 Decision Science Institute Conference Earnings Forecast Revisions in the Insurance Industry with Xuanjuan Chen and Tong Yu, presented at the 2004 International Insurance Society Meeting Earnings Forecast Revisions in the Insurance Industry with Xuanjuan Chen and Tong Yu, presented at the 2004 Eastern Finance Association Meeting The Market Reaction to Voluntary Stock Option Expense Recognition Announcements with Ronald W. Best, Joseph Rue and Ara Volkan, presented at the 2004 European Applied Business Research Conference Earnings Forecast Revisions in the Insurance Industry with Xuanjuan Chen and Tong Yu, presented at the 2004 American Risk and Insurance Association Meeting Catastrophic Claim Effect versus Rising growth Potential: Analysis of Post-WTC Attack Earnings Forecast Revisions in the Insurance Industry with Xuanjuan Chen and Tong Yu, presented at the 2004 Western Insurance Association Annual Meeting The Impact of Firm Franchise Value: An Analysis of Property-Liability Insurance Firms, with Henry Oppenheimer and Tong Yu, presented at the 2003 Financial Management Association Annual Meeting Catastrophic Claim Effect versus Rising growth Potential: Analysis of Post-WTC Attack Earnings Forecaset Revisions in the Insurance Industry with Xuanjuan Chen and Tong Yu, presented at the 2003 Financial Management Association Annual Meeting Corporate Diversification and Industry Shocks: Evidence From Competitors Bankruptcy Filings, with Peter DaDalt and Jacqueline Garner, Presented at the 2003 Financial Management Association Annual Conference Long Run Earnings Growth Estimates and the Diversification Discounts with Charles Hodges and Ronald Best, Presented at the 2003 Financial Management Association Annual Meeting The Impact of Firm Franchise Value on Asset Allocation, presented at the 2003 American Risk and Insurance Association Meeting The Impact of WTC Attack on Analysts' Earnings Forecasts, presented at the 2003 American Risk and Insurance Association Meeting

6 Corporate Diversification and Industry Shocks: Evidence From Competitors Bankruptcy Filings, with Peter DaDalt and Jacqueline Garner, presented at the 2003 Eastern Finance Association Meeting Long Run Earnings Growth Estimates and the Diversification Discount, with Charles Hodges and Ronald Best, presented at the 2003 Academy of Economics and Finance Meeting The Impact of Industrial Demand of Capital on IPO Activities: Evidence from Property and Liability Insurance Firms with Mulong Wang and Tong Yu, presented at the 2003 Western Risk and Insurance Meeting The Impact of Firm Franchise Value on Asset Allocation: An Analysis of Property-Liability Insurance Firms, with Tong Yu and Henry R. Oppenheimer, presented at the 2003 Western Risk and Insurance Meeting Analyst Coverage and the Diversification Discount, with Ronald W. Best and Charles Hodges, presented at the 2002 International Business and Economic Research conference. The Valuation Effect of Diversification and Earnings Forecasts, with Ronald W. Best and Charles Hodges presented at the 2002 Academy of Economics and Finance Meeting Impact of Industrial Demand of Capital on IPO Activities: Evidence from Property and Liability Insurance Firms, with Tong Yu and Mulong Wang, presented at the 2002 American Risk and Insurance Association Meeting Internal Capital Market Efficiency and Diversification Discounts, with Charles Hodges and Ronald Best, presented at the 2001 Southern Finance Association Annual Meeting The Causes of Corporate Focus Change, presented at the 2001 Financial Management Association Annual Meeting CEO Incentives and Changes in Corporate Focus, presented at the 2001 Financial Management Association Annual Meeting The Causes of Corporate Focus Change, presented at the 2001 Eastern Finance Association Annual Meeting Firm Quality and Derivative Activities, with Chenmiao Lin and Stephen Smith, presented at the 2001 Eastern Finance Association Annual Meeting Firm Quality and Derivative Activities, with Chenmiao Lin and Stephen Smith, presented at the 2000 Financial Management Association Annual Meeting Firm Quality and Derivative Activities, with Chenmiao Lin and Stephen Smith, presented at the 2000 Southern Finance Association Annual Meeting

7 Information Asymmetry and the Valuation of Diversification, with Charles Hodges and Ronald Best presented at the 2000 Southern Finance Association Annual Meeting Information Asymmetry and the Valuation of Diversification, with Charles Hodges and Ronald Best, presented at the 1999 Financial Management Association Annual Meeting SERVICE ACTIVITIES Program Committee for Southern Finance Association Annual Meeting 2006 Program Committee for Eastern Finance Association Annual Meeting 2006 Search Committee for the Dean of the College of Business 2006 Workload Policy Review Committee 2005 MBA Curriculum Review Committee 2005 College Undergraduate Affairs Committee 2005 Search Committee for Finance Faculty 2002 and 2005 Reviewer for Decision Science Institute Annual Conference 2004 College Planning Committee 2001, 2002, 2003 and 2004 Ph.D. Dissertation Committee Member, Sean Reid,University of Rhode Island, 2002 Supervise independent study for Yayun Zhuang (Summer 2002), Xuanjuan Chen (Fall 2002), Joel Decker (Spring 2003), Christopher Chartier (Summer 2003), Christopher Barker (Fall 2005), Marco Becker (Summer 2005), Stephane Coulibaly (Summer 2005), Lauren Cugini (Summer 2005), Daryl Manullang (Spring 2006), Di Pippo, Alison (Spring 2006), Ty Rocheleau (Spring 2006), Christopher Barker (Summer 2006), Anne-Sophie Meyer (Summer 2006). Session Chair for Executive Compensation and Managerial Incentives, SFA Annual Meetings, 2001 Discussant for The Variations in International Capital Structure: Empirical Evidence from OECD Countries Eastern Finance Association Annual Meeting 2001 Discussant for Non-Linearities in Executive Compensation Contracts and Long-term Returns Southern Finance Association Annual Meeting 2001 Discussant for Shareholder Wealth Experience of Buyers in Corporate Divestitures: Impact of Business Strategy, Growth Opportunities and Bargaining Power at Financial Management Association Annual Meeting 2001