Research & Publications

REFEREED PUBLICATIONS

“Investors and Stranded Asset Risk: Evidence from Shareholder Responses to Carbon Capture and Sequestration (CCS) Events” Journal of Sustainable Finance & Investment, 2018, Volume 8, Issue 2, pp. 185-202 (with Beth Cooperman).

“Accounting and Economic Biases in Donations to NGO’s: Is Scaling the New Overhead Myth in Charity Giving?” International Review of Accounting, Banking, and Finance, Fall/Winter 2016, Vol. 8 (3/4), 87-104. (with Jane Cote). Download at SSRN

“Corporate Social Responsibility Reporting in Controversial Industries” International Review of Accounting, Banking, and Finance, Fall/Winter 2016, Vol. 8 (3/4), 87-104. (with Kent Hickman, Richard Baker and Bruno Cohanier). Download at SSRN

“Organizational Commitment to Climate Change and GHG Reductions.” International Review of Accounting Banking and Finance, Vol. 7 (2), Summer, 2015 114-145 (with Ken Bettenhausen and Elizabeth Cooperman)

“Carbon Bubble & Divestment Trouble: Investor Reactions: An Analysis,” May 2015, Journal of Environmental Investing, Vol. 6 (1) 75-86. (with Elizabeth Cooperman)

“Determinants of Corporate Carbon Reduction Targets,” Interdisciplinary Environmental Review, Summer 2014, Vol. 15 (4), 271-289 (John Byrd, Elizabeth Cooperman, & Ken Bettenhausen) (Journal of the Interdisciplinary Environmental Association); published by Inderscience Publishers, www.inderscience.com.

“Explaining the Location of Mission- Driven Businesses: 
An Examination of B-Corps,” Journal of Corporate Citizenship, Volume 55, September 2014 (with Leila Hickman and Kent Hickman)

“Let’s Talk: An Analysis of the “Vote vs. Negotiated Withdrawal” Decision for Social Activist Environmental Health Shareholder Resolutions,” Journal of Sustainable Finance and Investment, Volume 4, Issue 3, 2014. (with Elizabeth Cooperman).

“Context-Based Sustainability and Corporate CO2 Reduction Targets: Are Companies Moving Fast Enough?” International Review of Accounting, Banking, and Finance, Fall/Winter 2013, Vol. 5 (3/4), 87-104. (with Ken Bettenhausen and Elizabeth Cooperman).

“Behavioral Economics and Corporate Sustainability” The Sustainability Review, 3 (April 2012) (with Kent Hickman).

“Are two heads better than one? Evidence from the thrift crisis,” Journal of Banking & Finance 36 (2012) 957–967 (with Donald R. Fraser, Scott Lee and Semih Tartaroglu).

“Environmental Risk and Shareholder Returns: Evidence from the Announcement of the Toxic 100 Index,” International Review of Accounting, Banking and Finance, 2 (Fall 2010) 28-45 (with Kenneth Bettenhausen and Elizabeth Cooperman)

“Financial Policies and the Agency Costs of Free Cash Flow: Evidence from the Oil Industry” International Review of Accounting, Banking and Finance, 2 (Summer 2010) 23-50. Download at SSRN

“Director tenure and the compensation of bank CEOs”, Managerial Finance, (2010) Vol. 36 Iss: 2, pp.86 – 102 (with Elizabeth Cooperman and Glenn Wolfe),

 “The shareholder wealth effects of an executive joining another company’s board”, International Journal of Managerial Finance, (2010) Volume 6 Issue 1, pp.48 – 57 (with L. Ann Martin and Subhrendu Rath)

“Another Look at Director Independence,” International Review of Accounting, Banking and Finance, 1 (April 2009) 76-91 (with Elizabeth Cooperman and Glenn Wolfe).

“Super-Size Me and Stock Prices,” Journal of the Academy of Finance, Journal of Finance Issues, Summer 2008 Vol. 6, Number 1. (with Kent Hickman and Bruno Cohanier).

“Life Cycle Investing, Holding Periods and Risk,”. The Journal of Portfolio Management 27(2 Winter 2001) 101-111 (with Kent Hickman, Hugh Hunter, John Beck and Will Terpening).

 “Discretion in Financial Reporting: The Voluntary Disclosure of Compensation Peer Groups in Proxy Statement Performance Graphs,” Contemporary Accounting Research, 15(1 Spring, 1998), 25-52 (with Marilyn F. Johnson and Susan L. Porter).

 “Stockholder-Manager Conflicts and Firm Value,” Financial Analysts Journal, 54 (3 May/June, 1998) 14-30 (with Robert Parrino and Gunnar Pritsch).

 “Success and Failure in the Market for Corporate Control: Evidence from the Petroleum Industry” The Financial Review, 32 (4 November, 1997), 635-658 (with William Stammerjohan).

 “Diversification: A Broader Perspective,” Business Horizons, March-April 1997, 40-44 (with Kent Hickman and Hugh Hunter).

 “Fisher’s Randomization Test for Two Small Independent Samples,” Journal of the Royal Statistical Society, Series C Applied Statistics, Volume 45, No. 3, 1996, 387-398 (with Larry Richards).

 “Pay for Performance: Does Disclosure Matter?” Managerial Finance, 21(Winter 1995) 25-32 (with Kent Hickman).

 “Estimating the Opportunity Cost of Capital for the Undiversified Business Owner,” Journal of Small Business Finance, 4 (2/3, 1995), 191-196 (with Kent Hickman and Clarence Barnes).

 “Finance Theory and the New Investor Relations” Journal of Applied Corporate Finance, 6 (Summer 1993) 78-82 (with Marilyn Johnson, Mark Johnson, and Waldemar Goulet).

 “Environmental Protection and Forward Contracts: A Note on the New Sulfur Dioxide Emission Allowances” Journal of Applied Corporate Finance, 6 (Fall 1993) 109-110 (with Tom Zwirlein).

 “The Case for Independent Outside Directors” Journal of Applied Corporate Finance, 5 (Fall 1992) 78-82 (with Kent Hickman).

 “Do Outside Directors Monitor Managers: Evidence from Tender Offers” Journal of Financial Economics, 32 (October 1992) 195-221 (with Kent Hickman).

 “The Modelling of a ‘Binomial’ Event: A Cost-Effective Pentagon or a Market Inefficiency?” Economic Letters 37 (1991) 423-427 (with Kent Hickman and Mark Shrader).

BOOKS AND BOOK CHAPTERS

Managerial Finance, 2013, Bridgeport Education, (with Kent Hickman and Matt McPherson) ISBN 978-1-62178-059-5.

Essentials of Finance, 2013, Bridgeport Education, (with Kent Hickman and Matt McPherson) ISBN 978-1-62178-065-6.

 Foundations of Corporate Finance, Southwestern, Cincinnati, Ohio, 2nd edition, 2002, 512 pages (with Kent Hickman and Hugh Hunter), ISBN 0-324-12796-0.

 “Behavioral Impediments to Value-Based Management,” in Value Based Management , edited by Arnold and Davies, John Wiley & Sons, Chichester, UK (1999).

Foundations of Corporate Finance, West Publishing, St. Paul, Minnesota, 1st edition, 1996, 566 pages (with Kent Hickman and Hugh Hunter), ISBN 0-314-06477-X.

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