Shane A. Johnson

Texas A&M University - Department of Finance

Professor

Mays School of Business

College Station, TX 77843-4218

United States

  • Texas A&M University - Department of Finance

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    • Tel: 979-862-3318
SCHOLARLY PAPERS

34

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332

Scholarly Papers (34)

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1.

Managerial Incentives and Corporate Fraud: The Sources of Incentives Matter

EFA 2006 Zurich Meetings
Number of pages: 40 Posted: 02 Jun 2006 Last Revised: 18 Oct 2011
Shane A. Johnson, Harley E. Ryan and Yisong S. Tian
Texas A&M University - Department of Finance, Georgia State University - Department of Finance and York University - Schulich School of Business
Downloads 3,767 (6,260)
Citation 124

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corporate fraud, incentives, stock options, executive compensation, governance

2.

CEO Optimism and Forced Turnover

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 08 Oct 2008 Last Revised: 18 Oct 2011
T. Colin Campbell, Michael F. Gallmeyer, Shane A. Johnson, Jessica Rutherford and Brooke Stanley
University of Cincinnati - Department of Finance - Real Estate, University of Virginia (UVA) - McIntire School of Commerce, Texas A&M University - Department of Finance, University of South Florida and Winthrop University
Downloads 1,836 (19,734)
Citation 109

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optimism, turnover, behavioral finance, governance

3.

A Reexamination of Corporate Governance and Equity Prices

Downloads 1,231 (35,863)
Citation 10

A Reexamination of Corporate Governance and Equity Prices

AFA 2007 Chicago Meetings Paper
Number of pages: 78 Posted: 22 Mar 2005 Last Revised: 18 Oct 2011
Shane A. Johnson, Theodore C. Moorman and Sorin M. Sorescu
Texas A&M University - Department of Finance, affiliation not provided to SSRN and Texas A&M University
Downloads 1,231 (35,278)
Citation 10

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corporate governance, stock returns, industry, simulation, market efficiency

A Reexamination of Corporate Governance and Equity Prices

Review of Financial Studies, Forthcoming
Posted: 07 Nov 2008
Shane A. Johnson, Theodore C. Moorman and Sorin M. Sorescu
Texas A&M University - Department of Finance, affiliation not provided to SSRN and Texas A&M University

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Governance, stock returns, asset pricing, event studies, market efficiency, clustering

A Reexamination of Corporate Governance and Equity Prices

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4753-4786, 2009
Posted: 08 Dec 2009
Shane A. Johnson, Theodore C. Moorman and Sorin M. Sorescu
Texas A&M University - Department of Finance, affiliation not provided to SSRN and Texas A&M University

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4.

Evidence on the Importance of Market Competition in Distress Propagation

Downloads 1,182 (37,997)

Evidence on the Importance of Market Competition in Distress Propagation

Number of pages: 46 Posted: 19 Nov 2020 Last Revised: 11 Feb 2025
Winston Wei Dou, Shane A. Johnson and Wei Wu
University of Pennsylvania - The Wharton School, Texas A&M University - Department of Finance and Texas A&M University
Downloads 1,177 (37,658)

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Strategic market competition, Financial distress, Earnings-based borrowing constraints, Spillovers and treatment externalities, Inventory fire sales

Evidence on the Importance of Market Competition in Distress Propagation

NBER Working Paper No. w33463
Number of pages: 47 Posted: 11 Feb 2025
Winston Wei Dou, Shane A. Johnson and Wei Wu
University of Pennsylvania - The Wharton School, Texas A&M University - Department of Finance and Texas A&M University
Downloads 5 (1,327,738)
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5.

Redacting Proprietary Information at the Initial Public Offering

Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 57 Posted: 04 Nov 2013 Last Revised: 19 May 2015
Audra L. Boone, Ioannis V. Floros and Shane A. Johnson
Texas Christian University - M.J. Neeley School of Business, University of Wisconsin - Milwaukee - Department of Finance and Texas A&M University - Department of Finance
Downloads 650 (85,858)
Citation 11

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IPO, Product Markets, Underpricing, Proprietary information, Information asymmetry, Disclosure

6.

CEO Narcissism, Human Capital, and Firm Value

Mays Business School Research Paper No. 3209882
Number of pages: 60 Posted: 29 Jul 2018 Last Revised: 24 Nov 2023
Shane A. Johnson, Adam C. Kolasinski and James Nordlund
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and affiliation not provided to SSRN
Downloads 552 (105,670)
Citation 3

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narcissism, executives, turnover, layoffs, human capital, behavioral finance

7.

Dividend Policy, Investment, and Stock Returns

Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 61 Posted: 18 Mar 2011 Last Revised: 01 Nov 2013
Seung Mo Choi, Shane A. Johnson, Hwagyun Kim and Changwoo Nam
International Monetary Fund (IMF), Texas A&M University - Department of Finance, Texas A&M University - Mays Business School and Korea Development Institute (KDI)
Downloads 542 (108,098)
Citation 1

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Asset Pricing, Cross-Sectional Stock Returns, Payout Policy, Propensity to Pay Dividend, Firm Heterogeneity

8.

The Value of Vesting Restrictions on Managerial Stock and Option Holdings

Number of pages: 48 Posted: 23 May 2008 Last Revised: 18 Oct 2011
J. Daniel Chi and Shane A. Johnson
University of Nevada, Las Vegas (UNLV) - Department of Finance and Texas A&M University - Department of Finance
Downloads 533 (110,384)
Citation 11

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executive compensation, CEO pay, vesting restrictions, contracts

9.

The Dynamics of Borrower Reputation Following Financial Misreporting

Management Science, Forthcoming
Number of pages: 42 Posted: 29 Feb 2012 Last Revised: 10 Nov 2016
Sudheer Chava, Kershen Huang and Shane A. Johnson
Georgia Institute of Technology - Scheller College of Business, Nova Southeastern University - H. Wayne Huizenga School of Business & Entrepreneurship and Texas A&M University - Department of Finance
Downloads 524 (112,744)
Citation 19

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Reputation, cost of debt, bank loans, financial restatements, fraud

10.

Optimal Inside Debt Compensation and the Value of Equity and Debt

Number of pages: 46 Posted: 03 Dec 2013 Last Revised: 28 Apr 2015
T. Colin Campbell, Neal Galpin and Shane A. Johnson
University of Cincinnati - Department of Finance - Real Estate, Monash University - Department of Banking and Finance and Texas A&M University - Department of Finance
Downloads 471 (128,147)
Citation 18

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Inside debt, pensions, executive compensation, incentives

11.

Algorithmic Trading and Firm Value

Number of pages: 51 Posted: 05 Apr 2014 Last Revised: 24 Nov 2023
Brian C. Hatch, Shane A. Johnson and Jun Zhang
University of Cincinnati - Department of Finance - Real Estate, Texas A&M University - Department of Finance and Oklahoma State University
Downloads 391 (159,269)

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Algorithmic trading; Stock liquidity; Firm value

12.

Redaction as Cross-Regulatory Disclosure Avoidance

Number of pages: 64 Posted: 15 Feb 2022 Last Revised: 13 Dec 2024
Ioannis V. Floros, Shane A. Johnson and Wanjia Zhao
University of Wisconsin - Milwaukee - Department of Finance, Texas A&M University - Department of Finance and Monash University - Department of Accounting
Downloads 362 (173,520)

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Cross-regulatory disclosure avoidance, regulatory avoidance, segment disclosure, information redaction, proprietary costs, agency costs

13.

Short-Horizon Incentives and Stock Price Inflation

Journal of Corporate Finance, December 2020
Number of pages: 49 Posted: 04 Dec 2013 Last Revised: 22 Jan 2021
J. Daniel Chi, Manu Gupta and Shane A. Johnson
University of Nevada, Las Vegas (UNLV) - Department of Finance, Virginia Commonwealth University (VCU) - Department of Finance, Insurance & Real Estate and Texas A&M University - Department of Finance
Downloads 354 (177,867)
Citation 1

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executive compensation; incentives; stock returns; insider trading; earnings management

14.

Regulatory Size Thresholds and Merger and Acquisition Behavior

Mays Business School Research Paper No. 2974303
Number of pages: 44 Posted: 28 May 2017 Last Revised: 25 Sep 2019
Shradha Bindal, Christa H. S. Bouwman, Shuting (Sophia) Hu and Shane A. Johnson
University of Kansas - Finance Area, Texas A&M University, Baylor University - Department of Finance, Insurance & Real Estate and Texas A&M University - Department of Finance
Downloads 352 (178,905)

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Dodd-Frank Act, regulatory costs, bank size, acquisitions

15.

Walking the Line between Reducing Information Asymmetry and Protecting Proprietary Information: the Provision and Attributes of Management Forecasts by Newly Public Firms

Number of pages: 62 Posted: 02 Aug 2018 Last Revised: 02 Jun 2021
Mei Feng, Ioannis V. Floros, Shane A. Johnson and Zhejia Ling
University of Pittsburgh - Katz Graduate School of Business, University of Wisconsin - Milwaukee - Department of Finance, Texas A&M University - Department of Finance and California State University, Fullerton
Downloads 344 (183,527)

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Proprietary information, Management forecasts, Information redaction, Information asymmetry, Initial public offerings

16.

Differential Bank Behaviors Around the Dodd-Frank Act Size Thresholds

Mays Business School Research Paper No. 2974235
Number of pages: 38 Posted: 28 May 2017 Last Revised: 14 Jul 2020
Christa H. S. Bouwman, Shuting (Sophia) Hu and Shane A. Johnson
Texas A&M University, Baylor University - Department of Finance, Insurance & Real Estate and Texas A&M University - Department of Finance
Downloads 315 (201,611)
Citation 12

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Dodd-Frank Act, bank stress tests, regulatory disclosure, bank size, lending, credit availability, loan pricing, bank equity capital ratios

17.

Distorted Risk Incentives from Size Threshold-Based Regulations

Downloads 304 (209,575)

Distorted Risk Incentives from Size Threshold-Based Regulations

Mays Business School Research Paper No. 3084239
Number of pages: 70 Posted: 11 Dec 2017 Last Revised: 04 Aug 2022
Burton Hollifield, Philipp K. Illeditsch, Shane A. Johnson and Yan Liu
Carnegie Mellon University - David A. Tepper School of Business, Texas A&M University - Mays Business School - Finance Department, Texas A&M University - Department of Finance and Purdue University
Downloads 189 (333,440)

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Regulation, Risk incentives, Size thresholds, Size contingent regulation, Dodd-Frank

Distorted Risk Incentives from Size Threshold-Based Regulations

Number of pages: 82 Posted: 03 Feb 2019 Last Revised: 26 Apr 2022
Burton Hollifield, Philipp K. Illeditsch, Shane A. Johnson and Yan Liu
Carnegie Mellon University - David A. Tepper School of Business, Texas A&M University - Mays Business School - Finance Department, Texas A&M University - Department of Finance and Purdue University
Downloads 115 (506,627)

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Risk incentives, Regulation, Size thresholds, Size contingent regulation, Dodd-Frank, Regulatory distortion, risk taking

18.

CEO Optimism and Competitive Shocks

Number of pages: 70 Posted: 23 Aug 2018 Last Revised: 22 Jul 2022
Binay Adhikari, Shradha Bindal, T. Colin Campbell and Shane A. Johnson
University of Texas at San Antonio, University of Kansas - Finance Area, University of Cincinnati - Department of Finance - Real Estate and Texas A&M University - Department of Finance
Downloads 285 (224,157)
Citation 1

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CEO overconfidence, competition, tariffs, firm value, market share

19.

Asset Pricing Under Prior-Induced Beta Uncertainty

Mays Business School Research Paper No. 2874056
Number of pages: 60 Posted: 23 Nov 2016 Last Revised: 08 Jul 2018
Shuting (Sophia) Hu, Shane A. Johnson and Yan Liu
Baylor University - Department of Finance, Insurance & Real Estate, Texas A&M University - Department of Finance and Purdue University
Downloads 285 (224,157)
Citation 2

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Parameter uncertainty, Risk factors, 10-K, Item 1a, Currency risk, Commodity risk, Interest rate risk, Recession risk, Bayesian

20.

A Reexamination of Corporate Governance and Equity Prices with Updated and Supplemental Results

Review of Financial Studies, Forthcoming
Number of pages: 78 Posted: 15 Sep 2009 Last Revised: 18 Oct 2011
Shane A. Johnson, Theodore C. Moorman and Sorin M. Sorescu
Texas A&M University - Department of Finance, affiliation not provided to SSRN and Texas A&M University
Downloads 271 (236,022)

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corporate governance, stock returns, industry, simulation, market efficiency

21.

The Time Horizon of Managerial Incentives and Firms' Information Environment Quality

Mays Business School Research Paper No. 2011-5
Number of pages: 54 Posted: 17 Mar 2010 Last Revised: 16 Nov 2011
J. Daniel Chi, Manu Gupta and Shane A. Johnson
University of Nevada, Las Vegas (UNLV) - Department of Finance, Virginia Commonwealth University (VCU) - Department of Finance, Insurance & Real Estate and Texas A&M University - Department of Finance
Downloads 260 (246,182)
Citation 1

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managerial incentive, horizon, information quality, information environment

22.

The Impact of Specialist Firm Acquisitions on Market Quality

Number of pages: 34 Posted: 08 Jan 2001
Brian C. Hatch and Shane A. Johnson
University of Cincinnati - Department of Finance - Real Estate and Texas A&M University - Department of Finance
Downloads 236 (270,926)
Citation 3

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Specialists, mergers, acquisitions, market quality, trading costs

23.

Information, Sophistication, and Foreign Versus Domestic Investors' Performance

Number of pages: 42 Posted: 22 Mar 2007 Last Revised: 18 Oct 2011
Li-Wen Chen, Shane A. Johnson, Ji-Chai Lin and Yu-Jane Liu
University of Mississippi, Texas A&M University - Department of Finance, Hong Kong PolyU and National Chengchi University (NCCU) - Department of Finance and Banking
Downloads 232 (275,525)
Citation 3

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Closed-end Funds, Open-ending, Foreign Investors, Domestic Investors

24.

Internet Appendix for ``Evidence on the Importance of Market Competition in Distress Propagation''

Number of pages: 32 Posted: 28 Mar 2022 Last Revised: 03 Feb 2025
Winston Wei Dou, Shane A. Johnson and Wei Wu
University of Pennsylvania - The Wharton School, Texas A&M University - Department of Finance and Texas A&M University
Downloads 170 (369,167)
Citation 3

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Strategic market competition, Financial distress, Earnings-based borrowing constraints, Spillovers and treatment externalities, Inventory fire sales.

25.

Ambiguous Credit Information Quality and Debt Maturity Structure

Number of pages: 44 Posted: 19 Mar 2022 Last Revised: 13 Jan 2023
Shane A. Johnson, Hwagyun Kim and Ju Hyun Kim
Texas A&M University - Department of Finance, Texas A&M University - Mays Business School and Ajou University - School of Business
Downloads 101 (553,213)

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Ambiguity, Corporate Bonds, Debt Maturity Structure, Credit

26.

The Effect of Bank Debt on Optimal Capital Structure

Downloads 49 (816,811)

The Effect of Bank Debt on Optimal Capital Structure

Financial Management, Vol. 27, No. 1, pp. 47-56, Spring 1998
Number of pages: 10 Posted: 13 Jan 2005
Shane A. Johnson
Texas A&M University - Department of Finance
Downloads 49 (835,579)

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The Effect of Bank Debt on Optimal Capital Structure

Financial Management, Vol. 27, No. 1, Spring 1998
Posted: 20 May 1998
Shane A. Johnson
Texas A&M University - Department of Finance

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27.

A Note on Additional Materials for "Evidence on the Importance of Market Competition in Distress Propagation"

Number of pages: 30 Posted: 05 Feb 2025
Winston Wei Dou, Shane A. Johnson and Wei Wu
University of Pennsylvania - The Wharton School, Texas A&M University - Department of Finance and Texas A&M University
Downloads 32 (965,403)

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Financial distress, Earnings-based borrowing constraints, Spillovers and treatment externalities, Inventory fire sales, Strategic product market competition

28.

Dividend Policy, Signaling, and Discounts on Closed-End Funds

Journal of Financial Economics (JFE), Vol. 81, No. 3, 2006
Posted: 28 Aug 2011 Last Revised: 18 Oct 2011
Shane A. Johnson, Ji-Chai Lin and Kyojik Song
Texas A&M University - Department of Finance, Hong Kong PolyU and Sungkyunkwan University

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Dividend policy, Signaling, Closed-funds, Compensation

29.

Managerial Incentives and Corporate Fraud: The Sources of Incentives Matter

Review of Finance, Vol. 13, Issue 1, pp. 115-145, 2009
Posted: 17 Jan 2009
Shane A. Johnson, Harley E. Ryan and Yisong S. Tian
Texas A&M University - Department of Finance, Georgia State University - Department of Finance and York University - Schulich School of Business

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M52, G34, K42, M41

30.

The Value and Incentive Effects of Nontraditional Executive Stock Option Plans

Posted: 04 Jan 2001
Yisong S. Tian and Shane A. Johnson
York University - Schulich School of Business and Texas A&M University - Department of Finance

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Executive stock options, Executive compensation, Option valuation, Incentives

31.

Indexed Executive Stock Options

Posted: 04 Jan 2001
Yisong S. Tian and Shane A. Johnson
York University - Schulich School of Business and Texas A&M University - Department of Finance

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Executive stock options, Executive compensation, Option valuation, Indexed options

32.

A Re-Examination of the Motives and Gains in Joint Ventures

Posted: 25 Apr 2000
Mark B. Houston and Shane A. Johnson
Saint Louis University - Richard A. Chaifetz School of Business and Texas A&M University - Department of Finance

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33.

Dividend Payout and the Valuation Effects of Bond Announcements

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, September 1995
Posted: 18 Apr 1998
Shane A. Johnson
Texas A&M University - Department of Finance

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34.

An Empirical Analysis of the Determinants of Corporate Debt Ownership Structure

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, March 1997
Posted: 03 Feb 1997
Shane A. Johnson
Texas A&M University - Department of Finance

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Other Papers (2)

Total Downloads: 178
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1.

Dealer Attention, the Speed of Quote Adjustment to Information, and Net Dealer Revenue

Number of pages: 55 Posted: 17 Mar 2005
Alex Boulatov, Alex Boulatov, Shane A. Johnson, Brian C. Hatch and Adam Y.C. Lei
University of Houston - C.T. Bauer College of BusinessHSE Moscow, Texas A&M University - Department of Finance, University of Cincinnati - Department of Finance - Real Estate and Midwestern State University
Downloads 137

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Microstructure, Market Quality, Trading Costs, Specialist Firms

2.

Where Were the Banks? The Relation between Financial Statement Misreporting and Firms' Bank Debt Use

Number of pages: 41 Posted: 08 Mar 2008
Brooke Stanley and Shane A. Johnson
Winthrop University and Texas A&M University - Department of Finance
Downloads 41

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Bank loans; misreporting; incentives; financial statements