James S. Ang

Florida State University

Professor

College of Business

Tallahassee, FL 32306-1042

United States

Florida State University - College of Law

425 W. Jefferson Street

Tallahassee, FL 32306

United States

SCHOLARLY PAPERS

54

DOWNLOADS
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Top 1,958

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16,206

CITATIONS
Rank 5,207

SSRN RANKINGS

Top 5,207

in Total Papers Citations

106

Scholarly Papers (54)

1.

Analyst Forecasts and Stock Returns

Number of pages: 34 Posted: 06 Jun 2001
James S. Ang and Stephen John Ciccone
Florida State University and University of New Hampshire - Department of Accounting & Finance
Downloads 2,703 (4,273)
Citation 9

Abstract:

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Analysts, Analyst forecasts, Earnings forecasts, Stock returns, Information asymmetry, Return factors, Asset pricing models

2.

Agency Costs and Ownership Structure

Journal of Finance, Vol. 55, No. 1, February 2000
Number of pages: 39 Posted: 23 Apr 2007 Last Revised: 03 Nov 2008
James S. Ang, Rebel A. Cole and James W Lin
Florida State University, Florida Atlantic University and Montana State University - Bozeman - College of Business
Downloads 1,861 (8,018)
Citation 226

Abstract:

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agency costs, bank monitoring, ownership structure,

3.

Evaluating Long-Horizon Event Study Methodology

Number of pages: 38 Posted: 17 Jun 2011
James S. Ang and Shaojun Zhang
Florida State University and Hong Kong Polytechnic University
Downloads 1,613 (10,150)
Citation 1

Abstract:

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Bootstrap, Long-horizon event study, Skewness-adjusted t-test, Simulation, Weighted least-squares regression

4.

Direct Evidence on the Market-Driven Acquisitions Theory

EFMA 2003 Helsinki Meetings
Number of pages: 57 Posted: 16 Apr 2003
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business
Downloads 1,283 (14,599)
Citation 31

Abstract:

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Market-driven acquisitions theory; acquirers and targets; post-merger long-term return

5.

International Differences in Analyst Forecast Properties

Number of pages: 57 Posted: 02 Jul 2001
James S. Ang and Stephen John Ciccone
Florida State University and University of New Hampshire - Department of Accounting & Finance
Downloads 1,164 (17,013)
Citation 28

Abstract:

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Analyst forecasts, transparency, corporate governance

6.

Financial Innovations and Market Efficiency: The Case of Single Stock Futures

Number of pages: 33 Posted: 20 Jun 2004
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business
Downloads 545 (49,000)
Citation 3

Abstract:

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Single stock futures, large returns, market efficiency

7.

Good Apples, Bad Apples: Sorting Among Chinese Companies Traded in the US

Number of pages: 42 Posted: 20 Mar 2012 Last Revised: 14 Jun 2014
James S. Ang, Zhiqian Jiang and Chaopeng Wu
Florida State University, Xiamen University - School of Management and Xiamen University - School of Management
Downloads 544 (49,099)
Citation 23

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financial fraud; overseas listing; reverse merger; U.S.-listed Chinese companies

8.

Finance and Politics: Special Interest Group Influence During the Nationalization and Privatization of Conrail

EFMA 2000 Athens
Number of pages: 66 Posted: 06 Dec 2000
James S. Ang and Carol Marie Boyer
Florida State University and Long Island University CW Post
Downloads 468 (59,405)
Citation 9

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special interest groups, politics, nationalization, privatization.

9.

Does Enforcement of Intellectual Property Rights Matter in China? Evidence from Financing and Investment Choices in the High Tech Industry

AFA 2011 Denver Meetings Paper
Number of pages: 47 Posted: 18 Mar 2010 Last Revised: 21 Dec 2010
James S. Ang, Chaopeng Wu and Yingmei Cheng
Florida State University, Xiamen University and Florida State University - College of Business
Downloads 458 (61,016)
Citation 9

Abstract:

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External financing, R&D investment

10.

100 Research Ideas: Extending the Frontiers of Research in Corporate Finance

Number of pages: 44 Posted: 25 Apr 2019
James S. Ang
Florida State University
Downloads 412 (69,358)

Abstract:

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research topics, corporate finance, markets and institutions, multidisciplinary research

11.

Outside and Inside Hired CEOs: A Performance Surprise

Number of pages: 59 Posted: 08 Nov 2009
James S. Ang and Gregory Leo Nagel
Florida State University and Middle Tennessee State University
Downloads 404 (71,049)
Citation 2

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CEO turnover, firm performance, labor market demand, executive retention

12.

Behavioral vs. Traditional Corporate Finance: An Unabashed Critical Review

FSU College of Law, Public Law Research Paper No. 889, FSU College of Law, Law, Business & Economics Paper No. 18-6
Number of pages: 41 Posted: 11 Sep 2018
James S. Ang
Florida State University
Downloads 348 (84,483)
Citation 1

Abstract:

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Corporate finance, behavioral finance, dividends, capital structure, corporate investments.

13.

The Role of Technological Synergy in Mergers and Acquisitions

Number of pages: 38 Posted: 20 Mar 2012
James S. Ang and Chaopeng Wu
Florida State University and Xiamen University - School of Management
Downloads 335 (88,190)

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Technological Synergy, Mergers and Acquisitions

14.

Single Stock Futures: Selection for Listing and Trading Volume

Number of pages: 26 Posted: 22 Apr 2004
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business
Downloads 322 (92,154)
Citation 1

Abstract:

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15.

Clawing Back Executive Compensation

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 57 Posted: 02 Sep 2012 Last Revised: 23 Jan 2013
James S. Ang, Yingmei Cheng and Sarah Fulmer
Florida State University, Florida State University - College of Business and Florida State University - Department of Finance
Downloads 301 (99,160)

Abstract:

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Dodd-Frank, Clawback, Executive Compensation

16.

Fire Sale Acquisitions: Myth vs. Reality

Number of pages: 60 Posted: 22 Aug 2009 Last Revised: 09 Nov 2009
James S. Ang and Nathan Mauck
Florida State University and University of Missouri - Kansas City
Downloads 284 (105,656)
Citation 6

Abstract:

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Fire sale, mergers and acquisitions, financial crisis, firm distress, behavioral corporate finance

17.

Does Enforcement of Intellectual Property Rights Matter? Evidence from Financing and Investment Choices in the High Tech Industry

FSU College of Law, Law, Business & Economics Paper No. 09-12
Number of pages: 58 Posted: 12 Mar 2009
James S. Ang, Yingmei Cheng and Chaopeng Wu
Florida State University, Florida State University - College of Business and Xiamen University
Downloads 281 (106,795)
Citation 1

Abstract:

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18.

The Financial Outcome of Hiring a CEO from Outside the Firm

Number of pages: 56 Posted: 11 Aug 2010 Last Revised: 15 Mar 2011
James S. Ang and Gregory Leo Nagel
Florida State University and Middle Tennessee State University
Downloads 273 (110,206)
Citation 1

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CEO Turnover, Firm Performance, Labor Market Demand, Compensation

19.
Downloads 217 (138,885)
Citation 2

Political Connection and Firm Value

Massey U. College of Business Research Paper No. 31
Number of pages: 44 Posted: 27 Sep 2011
James S. Ang, David K. Ding and Tiong Yang Thong
Florida State University, Singapore Management University - Lee Kong Chian School of Business and Singapore Management University - Lee Kong Chian School of Business
Downloads 162 (181,195)
Citation 1

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Political connection, corporate governance, firm value, Singapore

Political Connection and Firm Value

Asian Development Review 30:2
Number of pages: 36 Posted: 06 Apr 2016
James S. Ang, David K. Ding and Tiong Yang Thong
Florida State University, Singapore Management University - Lee Kong Chian School of Business and Singapore Management University - Lee Kong Chian School of Business
Downloads 55 (373,144)
Citation 1

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political connection, corporate governance, firm value, Singapore

20.

Does Familiarity with Business Segments Affect CEOs' Divestment Decisions?

Journal of Corporate Finance, Forthcoming
Number of pages: 42 Posted: 02 Mar 2007 Last Revised: 21 Aug 2014
James S. Ang, Abe de Jong and Marieke van der Poel
Florida State University, Rotterdam School of Management, Erasmus University and Erasmus University - Rotterdam School of Management
Downloads 210 (143,261)
Citation 6

Abstract:

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Divestments, Familiarity, CEO work experience, CEO selection

21.

Clawing Back Executive Compensation: Will Dodd-Frank Matter?

Number of pages: 63 Posted: 17 Mar 2012
James S. Ang, Yingmei Cheng and Sarah Fulmer
Florida State University, Florida State University - College of Business and Florida State University
Downloads 206 (145,801)
Citation 1

Abstract:

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Dodd-Frank, Clawback, Executive Compensation

22.

The Role of Owner in Capital Structure Decisions: An Analysis of Single-Owner Corporations

Journal of Entrepreneurial Finance 14, 1-36
Number of pages: 49 Posted: 09 Sep 2010 Last Revised: 13 Jan 2013
James S. Ang, Rebel A. Cole and Dan Lawson
Florida State University, Florida Atlantic University and Gonzaga University
Downloads 197 (152,076)
Citation 4

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capital structure, small business, personal risk characteristics, SSBF

23.

Toward a Corporate Finance Theory for the Entrepreneurial Firm.

FSU College of Law, Public Law Research Paper No. 872
Number of pages: 27 Posted: 06 Mar 2018
James S. Ang
Florida State University
Downloads 192 (155,779)
Citation 2

Abstract:

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corporate finance, entrepreneurial firms, venture capital, capital structure

24.

A Critical Long View of Capital Markets and Institutions: Realized Returns from Corporate Assets, 1950-2003

Number of pages: 45 Posted: 14 Mar 2006
James S. Ang, Gregory Leo Nagel and Jun Yang
Florida State University, Middle Tennessee State University and Indiana University - Kelley School of Business - Department of Finance
Downloads 174 (170,200)

Abstract:

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Realized returns, long-term performance

25.

Finance and Politics: The Wealth Effects of Special Interest Group Influence During the Nationalization and Privatization of Conrail

Cambridge Journal of Economics, Forthcoming
Number of pages: 35 Posted: 05 Apr 2006
James S. Ang and Carol Marie Boyer
Florida State University and Long Island University CW Post
Downloads 158 (184,934)
Citation 1

Abstract:

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Political economy, Privatization

26.

The Role of Social Capital and Cultural Biases in Finance: The Investment Behavior of Foreign High Tech Firms

Number of pages: 64 Posted: 18 Mar 2010
James S. Ang, Yingmei Cheng and Chaopeng Wu
Florida State University, Florida State University - College of Business and Xiamen University
Downloads 155 (187,870)
Citation 1

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Foreign direct investment, R&D investment, Social caqpital, Cultural bias

27.

Decoupling by Clienteles and by Time in the Financial Markets: The Case of Two-Stage Stock-Financed Mergers

Journal of Corporate Finance, Vol. 25, 2014
Number of pages: 16 Posted: 11 Apr 2012 Last Revised: 25 Feb 2014
James S. Ang, Gonul Colak and Tai-Wei Zhang
Florida State University, Hanken School of Economics and Ming Chuan University
Downloads 149 (194,229)
Citation 1

Abstract:

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decoupling hypothesis; market segmentation; mergers and acquisitions; method of payment; SEO/IPO; use of proceeds

28.

The Endogeneity of Information Asymmetry and Corporate Financing Decisions

Number of pages: 59 Posted: 12 Mar 2007
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business
Downloads 119 (231,660)
Citation 2

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endogeneity of information asymmetry, corporate communication, seasoned equity offerings, issuing costs

29.

Investing with Strangers: Do Business with Whom You Can Trust

Number of pages: 51 Posted: 17 Mar 2012
James S. Ang, Yingmei Cheng and Chaopeng Wu
Florida State University, Florida State University - College of Business and Xiamen University
Downloads 111 (243,637)
Citation 2

Abstract:

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social capital, joint ventures, foreign investment, R&D

30.

Transferable Skills vs. Homecourt Advantage: A Comparison of Real Asset Performance by Externally and Internally Hired CEOs

Number of pages: 60 Posted: 11 Nov 2007 Last Revised: 02 Aug 2018
James S. Ang and Gregory Leo Nagel
Florida State University and Middle Tennessee State University
Downloads 89 (282,323)

Abstract:

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CEO, Performance, Turnover, Firm specific skills, general skills, labor market

31.

Cross-Border Opportunity Sets: An International Empirical Study Based on Ownership Types

Number of pages: 48 Posted: 02 Feb 2014 Last Revised: 06 Nov 2014
James S. Ang, April M. Knill and Nathan Mauck
Florida State University, Florida State University College of Business and University of Missouri - Kansas City
Downloads 85 (290,592)

Abstract:

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International, Mergers and Acquisitions, Government ownership

32.

The Role of Social Capital and Cultural Biases in the Investment Behavior of Foreign High-Tech Firms

Number of pages: 75 Posted: 19 Mar 2011
James S. Ang, Yingmei Cheng and Chaopeng Wu
Florida State University, Florida State University - College of Business and Xiamen University
Downloads 83 (294,813)
Citation 1

Abstract:

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Social capital, foreign investment

33.

The Effect of CEO Hiring Source on Total Cash Flow

Number of pages: 66 Posted: 11 Mar 2012 Last Revised: 22 May 2012
James S. Ang and Gregory Leo Nagel
Florida State University and Middle Tennessee State University
Downloads 78 (305,935)
Citation 1

Abstract:

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CEO turnover, firm performance, labor market demand, compensation

34.

What Premiums Do Target Shareholders Expect? Explaining Negative Returns Upon Offer Announcements

Journal of Corporate Finance, Forthcoming
Number of pages: 39 Posted: 06 Jan 2015 Last Revised: 09 Jan 2015
James S. Ang and Ahmad Ismail
Florida State University and American University of Beirut
Downloads 73 (317,896)
Citation 3

Abstract:

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Takeovers, Prospect Theory, behavioral bias, disappointment

35.
Downloads 67 (333,091)
Citation 1

Manager Divestment in Leveraged Buyouts

European Financial Management, Forthcoming
Number of pages: 45 Posted: 08 Jul 2013
Florida State University, Florida State University - College of Business and University of New Mexico
Downloads 67 (337,124)

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Leveraged Buyout, Private Equity, Agency Costs

Manager Divestment in Leveraged Buyouts

European Financial Management, Vol. 20, Issue 3, pp. 462-493, 2014
Number of pages: 32 Posted: 18 Jun 2014
Florida State University, Florida State University - College of Business and University of New Mexico - Robert O. Anderson Schools of Management
Downloads 0
Citation 1
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leveraged buyouts, private equity, agency costs, earnings management, buyout pricing, buyout premium, buyout performance

36.

Financial Innovations and Market Efficiency: The Case for Single Stock Futures

Journal of Applied Finance, Vol. 15, No. 1, Spring/Summer 2005
Number of pages: 14 Posted: 20 Aug 2005
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business
Downloads 58 (358,214)
Citation 2

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37.

Individual Charitable Donation and Household Spending

Number of pages: 27 Posted: 20 Sep 2013
James S. Ang and Jimmy Zhang
Florida State University and Independent
Downloads 52 (376,960)

Abstract:

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charitable contributions, household allocation, stock market, real estate

38.

Essentials of Corporate Arbitrage for the Financial Manager

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 20, No. 2, 2010
Number of pages: 9 Posted: 24 Nov 2015
James S. Ang and David Weaver
Florida State University and Florida State University, Department of Finance, Students
Downloads 51 (380,211)

Abstract:

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39.

How Do Firms Value Debt Capacity? Evidence from Mergers and Acquisitions

Number of pages: 56 Posted: 15 Nov 2018
James S. Ang, Mai Daher and Ahmad Ismail
Florida State University, American University of Beirut and American University of Beirut
Downloads 47 (393,747)

Abstract:

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acquisitions; optimal leverage; market timing; premium, debt capacity

40.

Is A Better than B? How Affect Influences the Marketing and Pricing of Financial Securities

Financial Analysts Journal, 2010, 66 (6), 40-54, November/December
Number of pages: 29 Posted: 16 Apr 2010 Last Revised: 22 May 2019
James S. Ang, Ansley Chua and Danling Jiang
Florida State University, Kansas State University and College of Business, Stony Brook University
Downloads 33 (447,789)
Citation 5

Abstract:

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Dual-Class Shares, Affect, Consumer Psychology, Initial Public Offering (IPO), IPO Underpricing, Behavioral Finance, Behavioral Biases, Representativeness and Affect Heuristics

41.

Maintaining a Flexible Payout Policy in a Mature Industry: The Case of Crown Cork and Seal in the Connelly Era

Journal of Applied Corporate Finance, Vol. 22, Issue 4, pp. 30-44, 2010
Number of pages: 17 Posted: 03 Jan 2011
Florida State University, University of Richmond - E. Claiborne Robins School of Business, affiliation not provided to SSRN and Georgetown University
Downloads 2 (631,025)
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42.

The Unintended Consequences of High Expectations and Pressure on New CEOs

Journal of Business Finance & Accounting, Vol. 40, Issue 3-4, pp. 501-526, 2013
Number of pages: 26 Posted: 26 Apr 2013
Kevin Krieger and James S. Ang
and Florida State University
Downloads 1 (643,712)
Citation 3
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CEO performance, pressure, expectations

43.

Alternative Formulas to Compute Implied Standard Deviation

Review of Pacific Basin Financial Markets and Policies, Vol. 12, No. 2, pp. 159-176, 2009
Posted: 12 Oct 2009
James S. Ang, Gwoduan David Jou and Tsong-Yue Lai
Florida State University, affiliation not provided to SSRN and California State University-Fullerton, Department of Finance

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Implied volatility, options, option pricing model, implied standard deviation, Taylor formula

44.

The Take-Over Market for Privately Held Companies: The Us Experience

Cambridge Journal of Economics, Vol. 25, pp. 723-748, 2001
Posted: 29 Feb 2008
James S. Ang and Ninon Kohers
Florida State University and University of South Florida - College of Business Administration

Abstract:

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Mergers, Take-overs, US privately held firms

45.

Direct Evidence on the Market-Driven Acquisition Theory

Journal of Financial Research, Forthcoming
Posted: 15 Apr 2005
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business

Abstract:

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Mergers and acquisitions, stock valuation

46.

Single Stock Futures: Listing Selection and Trading Volume

Finance Research Letters, Vol. 2, No. 1, Pp. 30-40
Posted: 21 Feb 2005
James S. Ang and Yingmei Cheng
Florida State University and Florida State University - College of Business

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47.

Efficient Labor and Capital Markets: Evidence from CEO Appointments

Financial Management, Vol. 32, No. 2, Summer 2003
Posted: 22 Jun 2003
James S. Ang, Beni Lauterbach and Joseph D. Vu
Florida State University, Bar-Ilan University - Graduate School of Business Administration and DePaul University - Department of Finance

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48.

Firm Transparency and the Costs of Going Public

Journal of Financial Research
Posted: 10 Oct 2000
James S. Ang and James C. Brau
Florida State University and Brigham Young University

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49.

Earnouts in Mergers: Agreeing to Disagree and Agreeing to Stay

Journal of Business, Vol. 73, No. 3, July 2000
Posted: 09 Jul 2000
Ninon Kohers and James S. Ang
University of South Florida - College of Business Administration and Florida State University

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50.

Compensation and Performance: The Case of Japanese Managers and Directors

Posted: 04 Aug 1999
James S. Ang and Richard L. Constand
Florida State University and affiliation not provided to SSRN

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51.

Do Securities Markets Respond to Earnings Paths? A Case for Low-Balling

Posted: 10 Oct 1998
John C. Alexander and James S. Ang
Clemson University and Florida State University

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52.

Taxes and Security Design: A Public Finance Rationale for Tax Differentiated Corporate Securities

ADVANCES IN FINANCIAL ECONOMICS, Vol. 2
Posted: 16 Jun 1998
James S. Ang and John A. Cole
Florida State University and North Carolina Agricultural and Technical State University - School of Business & Economics

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53.

Contestability and Pay Differential in the Executive Suites

European Financial Management
Posted: 20 Jan 1998
James S. Ang, Shmuel Hauser and Beni Lauterbach
Florida State University, Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration

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54.

Personal Bankruptcy Costs: Their Relevance and Some Estimates

Financial Services Review, Vol. 6, No. 2
Posted: 12 Jan 1998
James S. Ang and Ali M. Fatemi
Florida State University and DePaul University - Department of Finance

Abstract:

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Other Papers (2)

Total Downloads: 879
1.

Choosing Benchmarks and Test Statistics for Long Horizon Event Study

EFMA 2002 London Meetings
Number of pages: 48 Posted: 18 Mar 2002
James S. Ang and Shaojun Zhang
Florida State University and Hong Kong Polytechnic University
Downloads 708

Abstract:

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Abnormal return, Bootstrap, Event study, Long Horizon

2.

Forward-Looking Information and Stock Price Around Earnings Announcement

Posted: 20 Mar 2005
James S. Ang and Shaojun Zhang
Florida State University and Hong Kong Polytechnic University
Downloads 171

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Analyst forecast, Earnings announcement, Earnings surprises, Information disclosure, Price response