Corporate Finance, Fraud, Regulation, Intermediaries

1. Does climate risk influence the performance of newly listed firms? (With Shima Amini, Eilnaz Kashefi Pour, and Abdulkadir Mohamed)

2. Late bloomer IPOs and the Acquisition Motive (With Magnus Blomkvist, Nebojsa Dimic and Milos Vulanovic)

Additional papers... details on request

1. Naeem, M.A, Johan, S, Karim, S, and Kayani, N. U. (2024) How effective is the cash conversion cycle in improving firm performance? Evidence from BRICS. Emerging Markets Review, Forthcoming. [A 2]

2. Zhang, Y., Johan, S., Hughes, M., Fu, K., Scholes, L., and Liu, J. (2023). The effect of lead investor’s human capital on funding performance: the moderating role of investment ambition. Journal of International Financial Markets, Institutions and Money, Forthcoming. [A* 3]

3. Sakariyahu, R., Johan, S., Lawal, R., Paterson, A., and  Chatzivgeri, E. (2023). Dynamic connectedness between investors’ sentiment and asset prices: A comparison between major markets in Europe and USA. Journal of International Financial Markets, Institutions and Money, Forthcoming. [A* 3]

4. Xu, P., He, J., Wang, D., Johan, S. A., & Lin, S. (2023). Could the simultaneous persistence of greater cash holdings and interest‐bearing debts affect stock price crash risk? International Journal of Finance & Economics. Forthcoming [A 3] 

5. Guedhami, O., Johan, S., Lopez-de-Silanes, F. and Terjesen, S., 2022. Challenges for corporate governance at the national and firm levels. Corporate Governance: An International Review 30 (1), 2-9. [A 3]  

6. How alternative finance informs central themes in corporate finance (with Hisham Farag), Journal of Corporate Finance (2021), [A* 4]

7. Corporate Failures: Declines, Collapses, and Scandals (with Rebel Cole and Denis Schweizer), Journal of Corporate Finance (2021) [A* 4]

8. “End-of-Day Price Manipulation and M&As” (with Douglas Cumming, Shan Ji, and Monika Tarsalewska) British Journal of Management, (2020), 31(1), 184-205. [A 4] (GSS 2)

   1. A video abstract of the paper is here

9. “Law, Culture, and Finance” (with Douglas Cumming, Feng Zhan, and Minjie Zhang), International Journal of Managerial Finance, (2019), 15(3), 274-284.  [B]

10. “What is Mutual Fund Flow?” (with Douglas Cumming and Yelin Zhang) Journal of International Financial Markets, Institutions, and Money (2019), 62, 222–251. [A 3]

11. “Dodd-Franking the Hedge Funds” (with Douglas Cumming and Na Dai) [AIMA Best Paper Award 2015] Journal of Banking and Finance (2019) DOI: https://doi.org/10.1016/j.jbankfin.2017.09.012 [A*, 3] (GSS 11)

12. “Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement Revisited” (with Douglas Cumming) Finance Research Letters, (2019), 31 [B 2] (GSS 4)

13. “Common auditors and Cross Country Mergers” (With Justin Chircop and Monika Tarsalewska) Journal of International Financial Markets, Institutions and Money, 2018, Vol. 54, 43-58. [A* 3] (GSS 6)

14. “Same Rules, Different Enforcement: Market Abuse in Europe” (with Douglas Cumming and Alexander Groh) [nominated for a best paper award at the FMA Conference in Orlando, October 2015], Journal of International Financial Markets, Institutions & Money, 2018, Vol. 54, 130-151. [A* 3] (GSS 8)

15. “Developments in Financial Institutions, Governance, Agency Costs, and Misconduct” (with Douglas Cumming and Rejo Peter) Journal of International Financial Markets, Institutions and Money, 2018, 54, 1-24  [A* 3] (GSS 13)

16. “Information Systems, Agency Problems, and Fraud,” with Douglas Cumming, and Dennis Schwiezer, Information Systems Frontiers, 2017, 19(3), 421-424. [B 3] (GSS 3)

17. "Do Political Connections Matter in Accessing Capital Markets? Evidence from China” (with Xiaolu Bao and Kenji Kutsuna), Emerging Markets Review, 2016, Vol. 29, 24-41. [A 2] (GSS 24)

18. “Is Corporate Governance in China Related to Performance Persistence?” (With Lars Helge Haß and Denis Schweizer) Journal of Business Ethics, 2016, 134:4, 575-592. [A 3 FT] (GSS 22)

19. "The Effectiveness of Public Enforcement: Evidence from the Resolution of Tunnelling in China” (With Lars Helge Haß and Maximilian Andre Muller) Journal of Business Ethics, 2016, 134:4, 649-668. [A 3 FT] (GSS 14)

20. “Institutional Investors, Political Connections, and the Incidence of Regulatory Enforcement Against Corporate Fraud” (With Wenfeng Wu and Oliver Rui) Journal of Business Ethics, 2016, 134:4, 709-726. [A 3 FT]   (GSS 30)

21. “Do financial analysts perform a monitoring role in China? Evidence from modified audit opinions” (with Jiandong Chen, Rong Ding, and Wenxuan Hou) Abacus, 2016, Vol. 52(3), 473-500. [A 3] (GSS 12)

22. “Financial Market Misconduct and Agency Conflicts: A Synthesis and Future Directions” (with Douglas Cumming, and Bob Danhauser) Journal of Corporate Finance, 2015, Vol. 34, 150-168.  [A* 4] (GSS 63)

23. “Are Hedge Funds Registered in Delaware Different?” (with Douglas Cumming and Na Dai) Journal of Corporate Finance, 2015, Vol. 35, 232-246. [A* 4] (GSS 11)

24. “Listing Standards and Fraud” (with Douglas Cumming), Managerial and Decision Economics, 2013, vol. 34, 7-8, pp.451-470. [B 2] (GSS 28)

25. “The Impact of Hedge Fund Regulation: An International Perspective” (With Douglas Cumming and Na Dai), World Financial Review, 2013, (May-June), pp17-20.

26. “Exchange Trading Rules and Stock Market Liquidity” (With Douglas Cumming and Dan Li) Journal of Financial Economics, 2011, Volume 99(3), pp.651-671 [A* 4* FT] (GSS 210)

    1. Research awarded the 2008-2009 Paolo Baffi Research Fellow Award (Boconni University)

27. “Legal Protection, Corruption, and Private Equity Returns in Asia” (With Douglas Cumming, Grant Fleming and Mai Takeuchi) Journal of Business Ethics, 2010, Vol. 95(2), 173-193. [A 3 FT] (GSS 37)

28. “Global Market Surveillance” (With Douglas Cumming) American Law and Economics Review, 2008, Vol.10, Issue 2, pp. 454-506  [B] (GSS 88)

29. “Hedge Fund Forum Shopping” (With Douglas Cumming) University of Pennsylvania Journal of Business Law, 2008, Vol.10, No.4, pp. 783-831. [C] (GSS 27)

Book - Authored

1. Hedge Fund Governance, Regulation and Performance around the World. (with Douglas Cumming and Na Dai) Oxford University Press, 2013, 300 pages. (GSS 19)

Book - Edited

1. The Oxford Handbook of Hedge Funds (with Geoffrey Wood and Douglas Cumming) Oxford University Press, 2021.

1. Cumming, D.J., N. Dai, and S. Johan, 2015. “Hedge Fund Regulation and Governance,” in W.W. Bratton and J.A. McCahery, eds., Institutional Investor Activism, Oxford University Press, pp549-581.

2. Cumming, D., S. Johan, 2020. “Securities Regulation” in H. Kent Baker, Greg Filbeck, and Halil Kiymaz, eds. Equity Markets, Valuation, and Analysis, Wiley, 2020.

3. Cumming, D.J., N. Dai, and S. Johan, 2017. “The Structure of Hedge Funds” in H. Kent Baker and G. Filbeck, eds., Hedge Funds: Structure, Strategy, and Performance, Oxford University Press, Chapter 5.