RICHARD J. KISH

 

Professor of Finance

Chair, Perella Department of Finance

 

 

PROFESSIONAL ACTIVITIES

       Seminars and Professional Meetings

¨      Financial Management Association

                      (1989, 1990, 1991, 1993, 1995, 1998, 2001, 2002, 2004, 2005)

¨      Eastern Finance Association

                      (1989, 1990, 1991, 1992, 1993, 1995, 1996, 1997, 1998, 1999, 2001, 2002)

 

¨      Southern Finance Association

                      (1994, 1996, 1997, 1999, 2000, 2002, 2003)

¨      Midwest Finance Association

              (2000, 2001, 2002, 2004, 2005)

 

¨      Investment Perspectives

              (The International Association of Financial Engineers, New York City/1998)

¨      Undergraduate Programs Seminar

              (AACSB Chicago 1995)

¨      Handling the Hordes: Teaching Large Classes

(Lehigh University/1992)

¨      Workshop on Fixed Income Securities

                      (Rutgers University/April 1991)

¨      Writing-Across-the-Curriculum seminar

(Lehigh University/1990)

¨      Seminar attended on Options and Futures

(Chicago Board of Trade/October 1988)

 

       Program Participation

¨      Session Chair

                      Financial Management Association (2004)

                      Eastern Finance Association (1990, 1992, 1993, 1998, 1999, 2002)

Southern Finance Association (1994, 1999, 2002)

Midwest Finance Association (2004, 2005)

¨      Program Committee

Financial Management Association (2004, 2005)

Eastern Finance Association (1990, 1992, 1993, 1997, 1999, 2002, 2003)

Southern Finance Association (1999, 2002, 2003)

Midwest Finance Association (2004, 2005)

¨      Discussant

Eastern Finance Association (1989, 1991, 1997)

Financial Management Association (1989, 1991, 1995, 1998, 2001)

Southern Finance Association (1994, 1997, 2002)

Midwest Finance Association (2005)

¨      Presentations

Financial Management Association

“Valuing Investment Projects with Expansion Options,” with Wenlong Weng—October 2005.

 

“Empirical Tests of Perotti’s Signaling Hypothesis on Privatization,” with Arthur Comstock and Geraldo M. Vasconcellos—October 2002.

 

“The Information Content of Implied Volatility: An International Investigation of Index Options,” with Yanming Shu and Geraldo M. Vasconcellos--October 2001.

 

“Global Fixed Income Portfolio Management,” with Karen M. Hogan and James A. Greenleaf--October 1996.

 

“Cross-Border Mergers and Acquisitions: The Synergy Hypothesis,” with Geraldo Vasconcellos--October 1995.

 

“Factors Affecting Cross-Border Acquisitions: The Canada-U.S. Experience,” with Geraldo M. Vasconcellos--October 1993.

 

“Refinancing in Advance of the Call: A Case Study of the Philadelphia Electric Company,” with Eli Schwartz--October 1993.

 

“Cross-Border Mergers and Acquisitions and International Capital Flows: U.S./Japan,” with Geraldo Vasconcellos--October 1991. [Presented by co-author at the Academy of International Business 1991.]

 

“The Pricing of Collateralized Mortgage Obligation Bonds: The Buyer's Perspective,” with James Greenleaf--October 1990.

 

“Does the Market React to Surprise Issues of Callable and Noncallable Debt,” with Miles Livingston--October 1990.

 

Eastern Finance Association

“The Market to Book Controversy: An Analysis from the Viewpoint of Expected Earnings,” with David Myers—April 2003.

 

“Empirical Tests of Perotti’s Signaling Hypothesis on Privatization,” with Art Comstock and Geraldo M. Vasconcellos—April 2002.

 

“The Korean IPO Market: Initial Returns,” with Byyng-Ju Kim and Geraldo M. Vasconcellos—April 2002.

 

“The Information Content of Implied Volatility: An International Investigation of Index Options,” with Yanming Shu and Geraldo M. Vasconcellos--April 2001

 

“Tests of the Contrarian Investment Strategy: Evidence from the French and German Stock Markets,” with Johnathan C. Mun and Geraldo M. Vasconcellos--April 1999.

 

“Are Stock Returns and Inflation Collinear in the Long-run? Evidence from Cointegration for the G-7 Countries: 1984-1994,” with Abe Aburachis--April 1999.

 

“Reverse LBOs: Factors Impacting Their Issuance in the IPO Markets,” with Karen Hogan and Gerard Olson--April 1999.

 

“Stocks or Bonds: A Historical Report on Risk/Return Tradeoffs,” with Karen Hogan--April 1999.

 

“The Association between Accounting and Market Betas within the IPO Market,” with Mohamad Almisher--April 1999.

 

“The Dividend-Price Puzzle: A Nonparametric Approach,” with Johnathan C. Mun and Geraldo M. Vasconcellos--April 1998.

 

“The Green Shoe and Other Factors Impacting the Issuance of IPOs,” with Karen M. Hogan, and Gerald Olson--April 1998 (Outstanding Paper in Corporate Finance).

 

“Cross-Border Mergers & Acquisitions: The European - U.S. Experience,” with Geraldo M. Vasconcellos--April 1997.

 

“Federal Sponsored Bubbles: The Duck Stamp Program,” with Karen Hogan--April 1997.

 

“Financial Patterns of Government-Owned Manufacturing Firms in Taiwan,” with Tu Yu-Chen, Geraldo M. Vasconcellos, and Jonathan J. Kramer--April 1996.

 

“Financial Indicators of Performance in Government-Owned Manufacturing Firms in Taiwan,” with Tu, Yu-Chen, Geraldo M. Vasconcellos, and Jonathan Krammer--April 1995.

 

“Factors Affecting Cross-Border Acquisitions: The Canada-U.S. Experience,” with Geraldo M. Vasconcellos--April 1993. [*Presented by co-author at the Midwest Finance Association's Annual Meeting-1993.]

 

“The Efficiency of the Treasury Bond Market”--April 1992.

 

“Controlling Prepayment Risk in CMO's: The Zero-Coupon/Interest Only Fixed Rate Mortgage,” with Stephen F. Thode--April 1992. [*Presented by co-author at the Southwestern Finance Association's Annual Meeting-1992.]

 

“The Value of the Call Option on Corporate Bonds,” with Miles Livingston--April 1990. [*Presented by co-author at the Southern Finance Association's Annual Meeting-1990; Summer research grant project 1990.]

 

“Determinants of the Call Option on Corporate Bonds,” with Miles Livingston--April 1989.

 

Southern Finance Association

“Additional Evidence on the Financial Process of Privatizations,” with Art Comstock and Geraldo M. Vasconcellos—December 2003.

 

“The Market to Book Controversy: An Analysis from the Viewpoint of Expected Earnings,” with David Myers—December 2003.

 

“Leveraged Loans vs. High Yield Bonds: Which is the better asset to hold in your portfolio?, with Karen Hogan and Elaine Webster—December 2003.

 

“Cumulative Returns from the Korean IPO Market,” with Byung-Ju Kim and Geraldo M. Vasconcellos—November 2002.

 

“A Comparison of Reverse Leveraged Buyouts and Original Initial Public Offers: Factors Impacting their Issuance in the IPO Market,” with Karen Hogan and Gerald T. Olson--November 2000.

 

“Contrarian/Overreaction Hypothesis: A Comparative Analysis of the U.S. and Canadian Stock Markets,” with Johnathan C. Mun and Geraldo M. Vasconcellos--November 1999.

 

“Revisiting the determinants of the corporate debt call option: New evidence,” with Patricia J. Robak--November 1999.

 

“Does the Market Perceive a Difference in Rating Agencies?” with Karen M. Hogan, and Gerard Olson--November 1998.

 

“Stocks, Bonds, or Both: An Exercise in Risk/Return Tradeoffs,” with David Del Vecchio and Karen Hogan--November 1997.

 

“Cross-Border Mergers and Acquisitions: The European-U.S. Experience,” with Geraldo Vasconcellos--November 1997.

 

“Valuation of the Call Option,” with Karen Hogan and Gerald Olsen--November 1996.

 

“The Efficiency of the Treasury Bond Market”--November 1994.

 

“The Value of the Call Option on Corporate Bonds,” with Miles Livingston--November 1990.

 

Midwest Finance Association

“Stock Returns: An Analysis from the Viewpoint of Expected Earnings,” with David H. Myers—March 2005.

 

“Market to Book: An Analysis from the Viewpoint of Expected Earnings,” with David H. Myers—March 2004.

 

“Empirical Tests of Perotti’s Signaling Hypothesis on Privatization,” with Arthur Comstock and Geraldo M. Vasconcellos—March 2002.

 

“The Impact of Political Control on United States Investment Returns: 1926-1999,” with Stephen F. Thode--March 2001.

 

“The Contrarian Investment Strategy: Additional Evidence,” with Johnathan Mun and Geraldo Vasconcellos--March 2000.

 

“Exchange Rate Predictability and the Role of Market Fundamentals,” with Rangan Varadan and Geraldo Vasconcellos--March 2000.

 

“Factors Affecting Cross-Border Acquisitions: The Canada-U.S. Experience,” with Geraldo M. Vasconcellos--March 1993.

 

Academy of Financial Services

“Global Investing of Fixed Income Securities: An Extension of Domestic Investing,” with Karen M. Hogan and James A. Greenleaf--October 1995.

 

Academy of International Business

“Cross-Border Mergers and Acquisitions and International Capital Flows: U.S./Japan,” with Geraldo Vasconcellos--1991.

 

Lehigh University-Martindale Center Faculty Workshop

“The Efficiency of the Treasury Bond Market”--1991.

 

“The Value of the Call Option on Corporate Bonds,” with Miles Livingston--1990.

 

“A Valuation Model for International Acquisitions”--1989.

 

Martindale's Media Conference

“The Media Industry: A Summary of Facts”--1990.

 

Ad Hoc Reviewer:

       Accounting Horizons (1992)

       Applied Financial Economics

       “Cross-Border Bank Aquisitions and Shareholder Wealth” (1996-1st review; 1997-2nd review)

       European Journal of Operational Research

               “Sector relative size and value strategies in bearish and bullish stock markets” (2002)

       Financial Counseling and Planning

“The Appropriateness of Historical Real Rates of Return in Future Value Calculations” (2001-1st review; 2002-2nd review)

       Financial Practice and Education

               “Takeover Experiments for the Classroom” (1999)

               “Teaching Comparative Statics Using Electronic Spreadsheets” (1997)

       “Intrinsic Value, Duration, and Convexity of Bonds Between Coupon Payment Dates” (1996-1st review; 1997-2nd review)

               “The Takeover Project: Advanced Corporate Finance in Practice” (1996)

               “Diversification Across Mutual Funds” (1995)

       “The Riskiness of Mortgage Backed Securities & Collateralized Mortgage Obligations” (1994)

       Financial Review

       “The Impact of Country Diversification on Wealth Effects in Cross-Border Mergers” (1998-1st review; 1999-2nd and 3rd reviews)

               “A Recursive Cointegration Analysis of North American Equity Markets” (2001)

               “Why Do Firms Issue Equity After Splitting Stocks?” (2002)

“Wealth effects of Dotcom Acquisitions” (2003)

      

       Global Finance Journal

       “Capital Market Factors Affecting Hong Kong Mergers and Acquisitions in the U.S.: 1982-1991” (1996)

       International Review of Financial Analysis

               “Finance Models as Metaphors” (2001)

       Journal of Applied Business Research (1994)

       Journal of International Financial Markets, Institutions & Markets

“Is technical analysis profitable on a stock market which has characteristics that suggest it may be inefficient?” (2004)

       Journal of Management Studies

               “Timing of Related Acquisitions: A Rivalry-Based Perspective” (1995)

Quarterly Review of Economics and Finance

“Stock returns and real activity in the G-7 countries: did the relationship change during the 1980s?” (2003-1st and 2nd reviews)

“Bond rating changes and stock returns: New evidence from the Spanish Stock Market” (2004)

       Review of Quantitative Finance and Accounting

               “On Russell Index Reconstitution” (2005)

 

External Reviewer:

       King saud University: Promotion and Tenure (2004)

       Saint Joseph’s University: Promotion and Tenure (2005)

 

Books:

       Investments: A Financial Markets Approach (South-Western College Publishing-1997, 2000)

       Introduction to Fixed Income Analysis in the Global Financial Market (McGraw-Hill 1996)

 

Memberships:

       Financial Management Association

       Eastern Finance Association

       Southern Finance Association

       Midwest Finance Association