Research

Publications in Peer-Reviewed Journals

Esqueda, O. A., & Ngo, T. N. (2024). Corporate transparency among government suppliers: Implications for firm valuation. Forthcoming. Accounting & Finance. http://dx.doi.org/10.1111/acfi.13207

Esqueda, O., & O'Connor, T. (2024). The cost of equity to earnings yield differential and dividend policy. Managerial Finance. Forthcoming. http://dx.doi.org/10.1108/MF-01-2023-0063

Esqueda, O., O’Connor, T. (2022). Payout policy during market-wide financial constraints: Evidence from the Covid-19 downturn. Applied Finance Letters, 11, 82-93 https://ojs.aut.ac.nz/applied-finance-letters/

Esqueda, O., Wang, D., Ngo T. (2021). The information content of managerial insider trading: Evidence from analyst forecasts. Asian Review of Accounting, 29(3), 332-361 doi.org/10.1108/ARA-04-2020-0062

Wang, D., Ngo, T., Esqueda, O., Houmes, R. (2021). Impact of Government Bailout on Banks’ Cost of Equity: Additional Evidence from the Financial Bailout of 2008-2009. Review of Pacific Basin Financial Markets and Policies. doi.org/10.1142/S021909152150003X 

Esqueda, O., O’Connor, T. (2020). Corporate governance and life cycles in emerging markets. Research in International Business and Finance, 51,  doi.org/10.1016/j.ribaf.2019.101077

Esqueda, O., Ngo, T.,  Susnjara, J. (2019). The Effect of Government Contracts on Corporate Valuation. Journal of Banking & Finance, 106, doi.org/10.1016/j.jbankfin.2019.07.003; authors.elsevier.com/a/1ZPPt1M2rGDuw1 

Esqueda, O. (2017). Controlling shareholders and market timing: Evidence from cross-listing events. International Review of Financial Analysis, 49, 12-23. dx.doi.org/10.1016/j.irfa.2016.11.008

Assefa, T., Esqueda, O., Mollick, A. (2017). Stock Returns and Interest Rates Around the World: A Panel Data Approach. Journal of Economics and Business, Forthcoming.  dx.doi.org/10.1016/j.jeconbus.2016.10.001

Bauer, K., Esqueda, O. (2017). Credit Ratings, Relationship Lending, and Loan Market Efficiency. Studies in Economics and Finance, 34 (1).  dx.doi.org/10.1108/SEF-06-2016-0149 

Esqueda, O. (2016). Signaling, Corporate Governance, and the Equilibrium Dividend Policy, The Quarterly Review of Economics and Finance, 59, 186-199. dx.doi.org/10.1016/j.qref.2015.06.005, https://ssrn.com/abstract=2621801,

Esqueda, O., Jackson, D. (2015). Cross-Listing Performance and Insider Ownership: The Experience of U.S. Investors. Journal of Multinational Financial Management. 39 (3), 541-556. dx.doi.org/doi:10.1016/j.mulfin.2015.10.001; http://ssrn.com/abstract=2684836

Esqueda, O., Luo, Y., Jackson, D. (2015). The linkage between the U.S. "fear index" and ADR premiums under non-frictionless stock markets. Journal of Economics and Finance, 39(3), 541-556. doi.org/10.1007/s12197-013-9265-z; http://ssrn.com/abstract=2684838

Assefa, T., Esqueda, O., Galariotis, E. (2014). Overreaction Evidence from Large-Cap Stocks. Review of Accounting and Finance, 13(4), 310-325. dx.doi.org/10.1108/RAF-05-2013-0072;  http://ssrn.com/abstract=2470753

Wang, D., Esqueda, O. (2014). National Culture effects on Capital Structure: Evidence from Emerging-market ADRs. Research in International Business and Finance, 31, 152-177. doi.org/10.1016/j.ribaf.2013.06.006; http://ssrn.com/abstract=2220579

Esqueda, O., Luo, Y., Fang, F. (2012). The Overseas Listing Puzzle: Post-IPO Performance of Chinese Stocks and ADRs in the U.S. Market. Journal of Multinational Financial Management, 22(5), 193-211. doi.org/10.1016/j.mulfin.2012.06.008; http://ssrn.com/abstract=2089543

Esqueda, O., Jackson, D., Luo, Y. (2012). Profitability of Family-Controlled Firms: The Case of American Depository Receipts. Journal of Business Issues (1), 23-34. http://ssrn.com/abstract=2219524

Su, D., Esqueda, O., Li, L., Jose, P. A. (2012). Income Inequality and Obesity Prevalence among OECD countries. Journal of Biosocial Science, 44, 417-432. doi.org/10.1017/S002193201100071X , http://www.ncbi.nlm.nih.gov/pubmed/22214551, http://ssrn.com/abstract=2396127

 Esqueda, O., Jackson, D. O. (2012). Currency Depreciation Effects on American Depository Receipts: Evidence from Latin America. Journal of Economics and Finance, 36(3), 691-711.  doi.org/10.1007/s12197-010-9144-9; http://ssrn.com/abstract=2143674; 

Esqueda, O., Assefa, T. A., Mollick, A. V. (2012). Financial Globalization and Stock Market Risk. Journal of International Financial Markets Institutions and Money, 22(1), 87-102.  doi.org/10.1016/j.intfin.2011.07.006; http://ssrn.com/abstract=2102308

Esqueda, O., Assefa, T. A. (2011). Purchasing Power Parity and Degree of Openness in Latin America: A Panel Analysis. Journal of Financial and Economic Practice, 11(2), 99-111. ssrn.com/abstract=2101739; http://www.bradley.edu

Esqueda, O., Luo, Y. (2011). Cointegration and Priority Relationships Between Energy Stocks and Oil Prices. Journal of Current Research in Global Business, 14(21), 22-32. ssrn.com/abstract=1893105

Esqueda, O., Jackson, D. O. (2011). Bank Failures 2008: An Examination of the Impact on Stockholder Risk and Wealth. Global Business and Finance Review, 16(1), 56-71. ssrn.com/abstract=2143680

Presentations Given

Esqueda, O., Ngo T., Advances in Business Research Conference, “Information Transparency among Government Contractor Firms” Online Conference, November, 9, 2020.  

Esqueda, O., Ngo T., Susnjara, J. Southern Finance Association. “Government Suppliers and Relative Valuation” Orlando, FL. November 21, 2019. https://southernfinance.org/wp-content/uploads/2019-SFA-Program.pdf

Esqueda, O., Ngo T., Susnjara, J. Research Appreciation and Scholarship Week. “The Effect of Government Contracts on Corporate Valuation” Stephenville, TX. September 30, 2019. 

Esqueda, O., Ngo T., Susnjara, J. International Conference of the Financial Engineering and Banking Society. “The Effect of Government Contracts on Corporate Valuation” Rome, Italy. June, 2018. https://febs2018.ccmgs.it/ 

Esqueda, O., Assefa, T., Southwestern Finance Association. "Monetary policy perceptions and risk-adjusted returns: Have investors from G-7 countries benefited?" Albuquerque, NM. (March 9, 2018).

Esqueda, O., Ngo T. Paris Financial Management. “Well-Connected Firms and the Cost of Equity: Are U.S. Government Suppliers Less Risky?” Paris, France. December 13, 2016. https://pfmc2016.sciencesconf.org; http://khuongnguyen.free.fr/PFMC2016/PFMC2016Booklet.pdf

Esqueda, O., Ngo T. Financial Management Association. “Well-Connected Firms and the Cost of Equity: Are U.S. Government Suppliers Less Risky?” Las Vegas, NV. October, 21, 2016. http://www.fma.org/Vegas/VegasProgram.htm

Esqueda, O., Wang, D., Ngo, T. International Conference of the Financial Engineering and Banking Society. "Insider trading and the information flow to financial markets: Evidence from analyst forecast accuracy.” Malaga, Spain. June 10-12, 2016. http://febs2016malaga.com/program/program-overview/

Wang, D., Ngo, T., Esqueda, O., American Accounting Association Southeast Region Meeting, "Impact of Government Bailout on Banks’ Cost of Equity: Evidence from the Financial Bailout of 2008-2009", Atlanta, GA. April 15, 2016. http://aaahq.org/Meetings/2016/Southeast-Region/Program 

Assefa, T. A., Esqueda, O., Mollick, A. V., Southwestern Finance Association, "Stock Returns and Interest Rates around the World: A Panel Data Approach", Oklahoma City, OK. (March 10, 2016). http://southwesternfinance.org/conference.html

Esqueda, O., Ngo, T., Wang, D., Southern Finance Association, "Aggregate Corporate Insider Trading and Analyst Forecast Accuracy", Southern Finance Association, Captiva Island, FL. (November 20, 2015). https://www.etnpconferences.net/sfa/sfa2015/User/Program.php

Wang, D., Ngo, T., Esqueda, O., Southern Finance Association, "Impact of Government Bailout on Banks’ Cost of Equity: Evidence from the Financial Bailout of 2008-2009", Southern Finance  Association, Captiva Island, FL. (November 19, 2015). https://www.etnpconferences.net/sfa/sfa2015/User/Program.php

Assefa, T. A., Esqueda, O., Mollick, A. V., Kentucky Economic Association Annual Conference, "Stock Returns and Interest Rates around the World: A Panel Data Approach", Frankfort, KY. October 23, 2015. 

Esqueda, O., Ngo, T., Wang, D., Financial Management Association, "Aggregate Corporate Insider Trading and Analyst Forecast Accuracy", Orlando, FL. October 15, 2015. http://www.fma.org/Orlando/OrlandoProgram.htm

 Wang, D., Ngo, T., Esqueda, O., Financial Management Association, "Impact of Government Bailout on Banks’ Cost of Equity: Evidence from the Financial Bailout of 2008-2009", October 17, 2015. http://www.fma.org/Orlando/OrlandoProgram.htm

Esqueda, O., Tarleton State University, Research Appreciation Week Seminar, "The Hazards of Insider-Owned Cross-listings: Evidence from U.S. Investors", Stephenville, TX. (April 17, 2015).

Wang, D., Ngo, T., Esqueda, O., Eastern Finance Association, " "Impact of Government Bailout on Banks’ Cost of Equity: Evidence from the Financial Bailout of 2008-2009", New Orleans, LA. (April, 2015). https://etnpconferences.net/efa/efa2015/User/Program.php

Esqueda, O., Ngo, T., Wang, D., Southwestern Finance Association, "Aggregate Corporate Insider Trading and Analyst Forecast Accuracy", Houston, TX. (March 13, 2015). http://southwesternfinance.org/conference.html

Esqueda, O., Southern Finance Association, "The Hazards of Insider-Owned Cross-listings: Evidence from U.S. Investors", Fajardo, Puerto Rico. (November 22, 2013). http://www.etnpconferences.net/sfa/sfa2013/User/Program.php

Esqueda, O., Southern Finance Association, "The Hazards of Insider-Owned Cross-listings: Evidence from U.S. Investors", Fajardo, Puerto Rico. (November 22, 2013). http://www.etnpconferences.net/sfa/sfa2013/User/Program.php

Esqueda, O., Wang, D., Southern Finance Association, "Bank Failures and Credit Ratings", Fajardo, Puerto Rico. (November 21, 2013). http://www.etnpconferences.net/sfa/sfa2013/User/Program.php

Esqueda, O., Financial Management Association, "The Hazards of Insider-Owned Cross-listings: Evidence from U.S. Investors”, Chicago, Ill. (October, 17, 2013). http://www.fma.org/Chicago/ChicagoProgram.htm

Esqueda, O., Grantsmanship Annual Seminar - Office of Faculty Research, Tarleton State University "The Hazards of Insider-Owned Cross-listings: Evidence from U.S. Investors", Stephenville, TX (August 13, 2013). 

Esqueda, O., Wang, D., Eastern Finance Association, "Bank Failures and Credit Ratings," St. Pete Beach, FL. (April 2013). 

Wang, D., Esqueda, O., Eastern Finance Association, "Culture effects on Capital Structure: Evidence from ADRs” St. Pete Beach, Florida. (April 2013). 

Esqueda, O., Wang, D., Southwestern Finance Association, "Bank failures and Credit Ratings", Albuquerque, NM. (March 2013). 

Wang, D., Esqueda, O., Southwestern Finance Association, "National Culture effects on Capital Structure: Evidence from emerging-market ADRs" Albuquerque, FL. (March 2013). 

Esqueda, O., Southwestern Finance Association, "The Hazards of Insider Owned Cross-listings: Evidence from ADRs" Albuquerque, NM. (March 2013). 

Esqueda, O., Wang, D., Academy of Economics and Finance Annual Meeting, "Bank failures and Credit Ratings", Mobile, AL. (February, 2013). 

Esqueda, O., Academy of Economics and Finance Annual Meeting, "Culture effects on Capital Structure: Evidence from ADRs", Mobile, AL. (February, 2013). 

Esqueda, O., Huerta, D., Ngo, T., Financial Management Association, "Determinants of Banking Sector Efficiency in Emerging Economies", Atlanta, GA. (October, 2012). 

Assefa, T. A., Esqueda, O., Southwestern Finance Association, "Behavioral Finance: Overreaction Evidence from Large-Cap Stocks", New Orleans, LA. (March, 2012). 

Esqueda, O., Southwestern Finance Association, "Corporate Governance and Liquidity Implications on the Value of Cross-Listed Firms", New Orleans, LA. (March, 2012). 

Esqueda, O., Academy of Economics and Finance, "Corporate Governance and Liquidity Implications on the Value of Cross-Listed Firms", Charleston S.C. (February, 2012). 

Luo, Y., Fang, F., Esqueda, O., Financial Management Association, "The Overseas Listing Puzzle: Post-IPO Performance of Chinese Stocks and ADRs in the U.S. Market", Denver, CO. (October 21, 2011). 

Su, D., Esqueda, O., American Sociological Association 2011 Annual Conference, "Income Inequality and Obesity Prevalence among OECD”, Las Vegas, NV. (August 21, 2011). 

Assefa, T. A., Esqueda, O., FDSA Annual Conference, "Behavioral Finance: Overreaction Evidence from Large-Cap Stocks" Ph.D. Project, Santa Fe, NM. (June 19, 2011). 

Esqueda, O., Luo, Y., Southwestern Finance Association, "The linkage between the U.S. “fear index” and ADR premiums under non-frictionless stock markets", Houston, TX. (March 9, 2011). 

Luo, Y., Esqueda, O., Association for Global Business, "Cointegration and Priority Relationships Between Energy Stocks and Oil Prices”, New Orleans, LA. (November 22, 2010). 

Assefa, T. A., Esqueda, O., Southern Finance Association, "Behavioral Finance: Overreaction Evidence from Large-Cap Stocks”, Asheville, NC. (November 20, 2010). 

Esqueda, O., Pratt, W., Southern Finance Association, "Have Precious Metals Lost Their Luster? Changes in Exposure of Mining Equities”, Ashville, N.C. (November 20, 2010). 

Esqueda, O., Assefa, T. A., Southern Finance Association, "Financial Openness and Stock Market Returns: A Panel Approach”, Asheville, NC. (November 19, 2010). 

Esqueda, O., Assefa, T. A., Academy of Economic Finance, "A Panel Analysis of Purchasing Power Parity and Country Characteristics”, Houston, TX. (February 12, 2010). 

Esqueda, O., Jackson, D. O., Academy of Economics and Finance, "Currency depreciation effects on ADR returns: evidence from Latin America”, Houston, TX. (February 12, 2010). 

Esqueda, O., Jackson, D. O., Association for Global Business, "Bank Failures 2008: An Examination of the Impact on Stockholder Risk and Wealth”, Orlando, FL. (November 20, 2009). 

Esqueda, O., Jackson, D. O., Southern Economics Association, "Currency depreciation effects on ADR returns: evidence from Latin America", San Antonio, TX. (November 14, 2009). 

Esqueda, O., Jackson, D. O., Association for Global Business, "ADRs and the Operating Performance of Family Firms", Newport Beach, CA. (November 28, 2008).

Research in Progress 

· Esqueda, O., Wang, D., Ngo, T. "The information content of managerial insider trading: Evidence from analyst forecasts.”

· Esqueda, O., Assefa, T. "Monetary policy perceptions and risk-adjusted returns: Have investors from G-7 countries benefited?".

· Esqueda, O. Wang, D. "Bank Failures and Credit Ratings".

Research Interests

·         Corporate Finance

·         Cross-Listings, American Depository Receipts

·         Managerial Opportunism and Agency Theory