CHRISTOPHER M. JAMES

Warrington College of Business | Stuzin Hall 303H | 1384 Union Road | Gainesville, FL 32611

Christopher M. James

William H. Dial/SunTrust Eminent Scholar Chair

Warrington College of Business

University of Florida



CV [PDF]



EDUCATION

Ph.D., University of Michigan, 1978

MBA, University of Michigan, 1977

BA, Michigan State University, 1973


RESEARCH AREAS

Financial Institutions

Corporate Finance

Strategy



CONTACT

christopher.james@warrington.ufl.edu

352.392.3486

Google Scholar Page

BIOGRAPHY

Christopher M. James is the William H. Dial/SunTrust Eminent Scholar in Finance and Economics at the University of Florida. Professor James is also a senior advisor to Cornerstone Research. Prior to joining the faculty at the University of Florida, he taught at the University of Michigan and the University of Oregon. He received a Ph.D. in Economics from the University of Michigan in 1978 and an MBA in Finance from the University of Michigan in 1977.

His research has been published extensively in academic and professional journals in the areas of banking, corporate finance and applied econometrics. He has served as an editor or associate editor of several journals, including, Journal of Finance, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Banking and Finance, Journal of Financial and Quantitative Analysis and Journal of Financial Services Research. Professor James’s current research focuses on the role of financial intermediaries in the corporate capital acquisition process and on the valuation of mortgage backed securities.

PUBLISHED PAPERS

Materials provided are for Educational Use Only. All articles are the sole copyright of their respective publishers.

Why are commercial loan rates so sticky? The effect of private information on loan spreads

Journal of Financial Economics., February, 2022 (with C. Demiroglu and G. Velioglu)


Time is money: Real effects of relationship lending in a crisis

Journal of Banking & Finance, December, 2021 (with J. Lu and Y. Sun)


I Can See Clearly Now: The Impact of Disclosure Requirements on 401(k) fees

Journal of Financial Economics, May, 2020 (with D.C. Badoer and C. Costello)


Priority Spreading of Corporate Debt

Review of Financial Studies, January, 2020 (with D.C. Badoer and E. Dudley)


Ratings Quality and Borrowing Choice

Journal of Finance, October, 2019 (with D.C. Badoer and C. Demiroglu)


Capital Structure Changes Around IPOs

Critical Finance Review, March, 2018 (with E. Dudley)


Indicators of Collateral Misreporting

Management Science, December, 2016 (with C. Demiroglu)


The Determinants of Long-Term Corporate Debt Issuances

Journal of Finance, February, 2016 (with D.C. Badoer)


Bank Loans and Troubled Debt Restructurings

Journal of Financial Economics, October, 2015 (with C. Demiroglu)


State Foreclosure Laws and the Incidence of Mortgage Default

Journal of Law and Economics, February, 2014 (with C. Demiroglu and E. Dudley)


Asset Specificity, Industry Driven Recovery Risk and Loan Pricing

Journal of Financial and Quantitative Analysis, October, 2014 (with A. Kizilaslan)


How Important is Having Skin in the Game? Originator-Sponsor Affiliation and Losses on Mortgage Banked Securities

Review of Financial Studies, November, 2012 (with C. Demiroglu)


Bank Lending Standards and Access to Lines of Credit

Journal of Money, Credit, and Banking, September, 2012 (with C. Demiroglu and A. Kizilaslan)


The Use of Bank Lines of Credit in Corporate Liquidity Management: A Review of the Empirical Evidence

Journal of Banking and Finance, April, 2011 (with C. Demiroglu)


The Information Content of Bank Loan Covenants

Review of Financial Studies, October, 2010 (with C. Demiroglu)


The Role of Private Equity Group Reputation in LBO Financing

Journal of Financial Economics, May, 2010 (with C. Demiroglu)


Banks and Bubbles: How Good are Bankers at Spotting Winners?

Journal of Financial Economics, October, 2007 (with L. Gonzalez)


Strength of Analyst Coverage Following IPOs

Journal of Financial Economics, October, 2006 (with J. Karceski)


Investor Monitoring and Differences in Mutual Fund Performance

Journal of Banking and Finance, October, 2006 (with J. Karceski)


What a Difference a Month Makes: Stock Analyst Valuations Following Initial Public Offerings

Journal of Financial and Quantitative Analysis, March, 2006 (with J. Karceski and J. Houston)


Do Banks Provide Financial Slack?

Journal of Finance, June, 2002 (with C. Hadlock)


Do Relationships Have Limits? Banking Relationships, Financial Constraints and Investment

Journal of Business, July, 2001 (with J. Houston)


Where Do Merger Gains Come From? Bank Mergers From the Perspective of Insiders and Outsiders

Journal of Financial Economics, May, 2001 (with J. Houston and M. Ryngaert)


Do Bank Internal Capital Markets Promote Lending?

Journal of Banking and Finance, November, 1998 (with J. Houston)


Capital Market Frictions and the Role of Internal Capital Markets in Banking

Journal of Financial Economics, November, 1997 (with J. Houston and D. Marcus)


Bank Information Monopolies and the Mix of Private and Public Debt Claims

Journal of Finance, December, 1996 (with J. Houston)


Bank Debt Restructurings and the Composition of Exchange Offers in Financial Distress

Journal of Finance, June, 1996


CEO Compensation and Bank Risk: Is Compensation Structured in Banking Structured to Promote Risk-Taking?

Journal of Monetary Economics, November, 1995 (with J. Houston)


When Do Banks Take Equity in Debt Restructurings?

Review of Financial Studies, Winter, 1995


Asset Sales by Financially Distress Firms

Journal of Corporate Finance, April, 1994 (with D. Brown and R.M. Mooradian)


The Information Content of Distressed Restructurings involving Public and Private Debt Claims

Journal of Financial Economics, February, 1993 (with D. Brown and B. Mooradian)


Management and Organizational Changes in Banking: A Comparison of Regulatory Intervention with Private Creditor Actions in Nonbank Firms

Carnegie Rochester Conference Series on Public Policy, 1993 (with J. Houston)


Relationship-Specific Assets and the Pricing of Underwriter Services

Journal of Finance, December, 1992


The Losses Realized in Bank Failures

Journal of Finance, September, 1991


Borrowing Relationships, Intermediation and the Cost of Issuing Public Securities

Journal of Financial Economics, November, 1990 (with P. Wier)


Heterogeneous Creditors and the Market Value of Bank LDC Loan Portfolios

Journal of Monetary Economics, December, 1990


Empirical Evidence on Implicit Guarantees of Bank Foreign Loan Exposure

Carnegie Rochester Conference Series on Public Policy, April, 1989


The Use of Loan Sales and Standby Letters of Credits by Commercial Banks

Journal of Monetary Economics, November, 1988


Some Evidence on the Uniqueness of Bank Loans

Journal of Financial Economics, December, 1987


An Analysis of FDIC Failed Bank Auctions

Journal of Monetary Economics, July, 1987 (with P. Wier)


Returns to Acquirers and Competition in the Acquisition Market: The Case of Banking

Journal of Political Economy, April, 1987 (with P. Wier)


The Takeover Market, Corporate Board Composition, and Ownership Structure: The Case of Banking

Journal of Law and Economics, April, 1987 (with J. Brickley)


Access to Deposit Insurance, Insolvency Rules and the Stock Returns of Financial Institutions

Journal of Financial Economics, July, 1986 (with J. Brickley)


A VARMA Analysis of the Causal Relations Among Stock Returns, Real Output and Nominal Interest Rates

Journal of Finance, Dec, 1985 (with S. Koreisha and M. Partch)


Market Evidence on the Effective Maturity of Bank Assets and Liabilities

Journal of Money, Credit and Banking, November, 1984 (with M.J. Flannery)

Presented at the American Finance Association meetings in San Francisco, December, 1983.


The Effect of Interest Rate Changes on the Common Stock Returns of Financial Institutions

Journal of Finance, September, 1984 (with M.J. Flannery)


An Analysis of the Effect of State Acquisition Laws on Managerial Efficiency; The Case of Bank Holding Company Acquisitions

Journal of Law and Economics, April, 1984

Abstracted in Regulation as “Do Corporate Takeovers Keep Managements Lean?” May/June, 1984.


Regulation and the Determination of Bank Capital Changes: A Note

Journal of Finance, December, 1983 (with J.K. Dietrich)


The Relation Between Common Stocks Returns, Trading Activity and Market Value

Journal of Finance, September, 1983 (with R.O. Edmister)


Is Illiquidity a Bar to Buying Small Cap Stocks?

Journal of Portfolio Management, Summer, 1983 (with R.O. Edmister)


An Analysis of Intra-industry Differences in the Effect of Regulation: The Case of Deposit Rate Ceilings

Journal of Monetary Economics, August, 1983


Pricing Alternatives for Loan Commitments: A Note

Journal of Bank Research, Winter, 1983


An Analysis of the Impact of Deposit Rate Ceilings on the Market Values of Thrift Institutions

Journal of Finance, December, 1982 (with L.Y. Dann)


An Analysis of Bank Loan Rate Indexation

Journal of Finance, June, 1982


Self-Selection and the Pricing of Bank Services, An Analysis of the Market for Bank Loan Commitments and the Role of Compensating Balance Requirements

Journal of Financial and Quantitative Analysis, December, 1981


The Technology of Risk and Return: Comment

American Economic Review, June, 1981