Stephen P. Ferris

University of Missouri at Columbia - Department of Finance

Professor of Finance and Department Chair

214 Middlebush Hall

Columbia, MO 65211

United States

SCHOLARLY PAPERS

46

DOWNLOADS
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Top 3,878

in Total Papers Downloads

17,931

SSRN CITATIONS
Rank 3,699

SSRN RANKINGS

Top 3,699

in Total Papers Citations

360

CROSSREF CITATIONS

123

Scholarly Papers (46)

1.

Firm Value and Marketability Discounts

Number of pages: 27 Posted: 13 Apr 2001
Mukesh Bajaj, David J. Denis, Stephen P. Ferris and Atulya Sarin
LECG, LLC, University of Pittsburgh, University of Missouri at Columbia - Department of Finance and Santa Clara University - Department of Finance
Downloads 4,699 (3,790)
Citation 14

Abstract:

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Marketability discount, valuation, liquidity discount

Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments

Number of pages: 38 Posted: 21 Jun 1999
Adam C. Pritchard, Stephen P. Ferris and Murali Jagannathan
University of Michigan Law School, University of Missouri at Columbia - Department of Finance and SUNY at Binghamton - School of Management
Downloads 1,230 (31,084)
Citation 49

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Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments

Posted: 18 Jun 2002
Adam C. Pritchard, Stephen P. Ferris and Murali Jagannathan
University of Michigan Law School, University of Missouri at Columbia - Department of Finance and SUNY at Binghamton - School of Management

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3.

Stock Price Reactions to Securities Fraud Class Actions Under the Private Securities Litigation Reform Act

Number of pages: 39 Posted: 25 Oct 2001
Adam C. Pritchard and Stephen P. Ferris
University of Michigan Law School and University of Missouri at Columbia - Department of Finance
Downloads 1,073 (38,420)
Citation 21

Abstract:

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Securities fraud, litigation, corporate fraud

4.

CEO Overconfidence and International Merger and Acquisition Activity

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 49 Posted: 10 Jan 2012
Stephen P. Ferris, Narayanan Jayaraman and Sanjiv Sabherwal
University of Missouri at Columbia - Department of Finance, Georgia Institute of Technology - Scheller College of Business and University of Texas at Arlington - Department of Finance and Real Estate
Downloads 1,033 (40,559)
Citation 29

Abstract:

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overconfidence, mergers, hubris, behavioral

5.

How Different is the Long-Run Performance of Mergers in the Telecommunications Industry?

Number of pages: 21 Posted: 08 Mar 2001
Stephen P. Ferris and Kwangwoo Park
University of Missouri at Columbia - Department of Finance and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 887 (50,216)
Citation 3

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6.

It Takes Two: The Incidence and Effectiveness of Co-CEOs

Financial Review, Forthcoming
Number of pages: 44 Posted: 12 Feb 2011 Last Revised: 16 Feb 2011
Matteo P. Arena, Stephen P. Ferris and Emre Unlu
Marquette University, University of Missouri at Columbia - Department of Finance and University of Nebraska at Lincoln
Downloads 850 (53,266)
Citation 2

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CEOs, Shared Leadership, Co-CEOs, Corporate Governance

7.

Derivative Lawsuits as a Corporate Governance Mechanism: Empirical Evidence on Board Changes Surrounding Filings

Number of pages: 48 Posted: 05 Feb 2004
Stephen P. Ferris, Robert M. Lawless and Anil K. Makhija
University of Missouri at Columbia - Department of Finance, University of Illinois College of Law and Ohio State University (OSU) - Department of Finance
Downloads 589 (85,696)
Citation 37

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shareholder derivative lawsuits, corporate governance effects

8.

Direct Costs in Chapter 11 Bankruptcies

Number of pages: 57 Posted: 15 Aug 1998
Robert M. Lawless and Stephen P. Ferris
University of Illinois College of Law and University of Missouri at Columbia - Department of Finance
Downloads 541 (95,389)
Citation 3

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9.

The Effect of Issuer Conservatism on IPO Pricing and Performance

Review of Finance, Forthcoming
Number of pages: 45 Posted: 10 Apr 2012 Last Revised: 21 Aug 2017
Stephen P. Ferris, Grace Qing Hao and Min-Yu (Stella) Liao
University of Missouri at Columbia - Department of Finance, Department of Finance and Real Estate, The University of Texas at Arlington and Illinois State University - Department of Finance, Insurance and Law
Downloads 486 (108,802)
Citation 3

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Initial public offering (IPO), prospectus, conservatism, negative tone, underpricing

10.

Better Directors or Distracted Directors? An International Analysis of Busy Boards

Global Finance Journal, 44, Georgia Tech Scheller College of Business Research Paper No. 17-30
Number of pages: 63 Posted: 14 Aug 2017 Last Revised: 29 Sep 2020
Stephen P. Ferris, Narayanan Jayaraman and Min-Yu (Stella) Liao
University of Missouri at Columbia - Department of Finance, Georgia Institute of Technology - Scheller College of Business and Illinois State University - Department of Finance, Insurance and Law
Downloads 407 (133,958)
Citation 2

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Directors; Busy Boards; Governance; Culture

11.

Are Analyst Recommendations Biased? Evidence from Corporate Bankruptcies

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 47 Posted: 28 Aug 2005
Georgia Institute of Technology - Scheller College of Business, University of Missouri at Columbia - Department of Finance, KDI School of Public Policy and Management and Georgia Institute of Technology - Scheller College of Business
Downloads 384 (142,997)
Citation 2

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Analyst optimism, recommendations, analyst bias, bankruptcy

12.

The Influence of State Legal Environments on Firm Incorporation Decisions and Values

Number of pages: 34 Posted: 29 Oct 2004
Stephen P. Ferris, Robert M. Lawless and Gregory Noronha
University of Missouri at Columbia - Department of Finance, University of Illinois College of Law and University of Washington, Tacoma - Milgard School of Business
Downloads 352 (157,564)
Citation 5

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incorporation, state law, firm value

13.

A Survey of Litigation in Corporate Finance

Managerial Finance, Volume 43, issue 1, 2017
Number of pages: 30 Posted: 11 Jan 2017
Matteo P. Arena and Stephen P. Ferris
Marquette University and University of Missouri at Columbia - Department of Finance
Downloads 351 (158,031)
Citation 2

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Litigation, Corporate Finance

14.

Product Market Competition, Dividend Policy, and Shareholder Protection: The International Evidence

Number of pages: 38 Posted: 02 Feb 2017
Bobby Alexander, Stephen P. Ferris and Sanjiv Sabherwal
Fort Hays State University, University of Missouri at Columbia - Department of Finance and University of Texas at Arlington - Department of Finance and Real Estate
Downloads 321 (174,019)
Citation 1

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Dividends; Payout, Concentration, Competition, Shareholder protection, SOX

15.

'Warm with Sunny Skies': Disclosure Statement Forecasts

Number of pages: 41 Posted: 11 May 2000
Brian L. Betker, Stephen P. Ferris and Robert M. Lawless
Saint Louis University, University of Missouri at Columbia - Department of Finance and University of Illinois College of Law
Downloads 315 (177,412)
Citation 1

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16.

CEO Social Capital, Risk-Taking and Corporate Policies

Journal of Corporate Finance, Volume 47, December 2017, Pages 46-71
Number of pages: 72 Posted: 20 Sep 2017 Last Revised: 21 Nov 2017
Stephen P. Ferris, David Javakhadze and Tijana Rajkovic
University of Missouri at Columbia - Department of Finance, Florida Atlantic University and San Jose State University
Downloads 306 (182,894)
Citation 3

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Social Capital; Social Networks; Corporate Risk-Taking

17.

Catering Effects in Corporate Dividend Policy: The International Evidence

Journal of Banking and Finance, Forthcoming
Number of pages: 30 Posted: 08 Apr 2009
Stephen P. Ferris, Narayanan Jayaraman and Sanjiv Sabherwal
University of Missouri at Columbia - Department of Finance, Georgia Institute of Technology - Scheller College of Business and University of Texas at Arlington - Department of Finance and Real Estate
Downloads 300 (186,775)
Citation 1

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18.

Bragging Rights: Does Corporate Boasting Imply Value Creation?

Number of pages: 61 Posted: 26 Mar 2018
Pratik Kothari, Don M. Chance and Stephen P. Ferris
Oakland University - Department of Accounting and Finance, Louisiana State University, Baton Rouge - Department of Finance and University of Missouri at Columbia - Department of Finance
Downloads 278 (202,132)

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shareholder wealth, shareholder value, shareholder wealth maximization, abnormal returns, accounting performance, textual analysis, press releases, annual report

19.

Peering into a Cloudy Crystal Ball: Analysts Recommendations Preceding Bankruptcy

Number of pages: 46 Posted: 30 Dec 2003
Jonathan Clarke, Stephen P. Ferris and Jinsoo Lee
Georgia Institute of Technology - Scheller College of Business, University of Missouri at Columbia - Department of Finance and KDI School of Public Policy and Management
Downloads 271 (207,449)

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Analysts, recommendations, bankruptcy

20.

The Effect of Investor Attention on Fraud Discovery and Value Loss in Securities Class Action Litigation

Forthcoming in Journal of Financial Research
Number of pages: 69 Posted: 30 Aug 2017 Last Revised: 22 Apr 2021
Robert Morris University, University of Missouri at Columbia - Department of Finance, Georgia Institute of Technology - Scheller College of Business and Oakland University - Department of Accounting and Finance
Downloads 267 (210,528)
Citation 3

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Corporate Litigation, Investor Attention, Google Trends, Governance

21.

Agency Costs, Governance, and Organizational Forms: Evidence from the Mutual Fund Industry

Number of pages: 47 Posted: 16 Mar 2007
Stephen P. Ferris and Xuemin Sterling Yan
University of Missouri at Columbia - Department of Finance and Lehigh University - College of Business
Downloads 234 (239,725)
Citation 10

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Organizational form, Mutual funds, Agency costs, Governance

22.

Do CFOs Matter? Evidence from the M&A Process

Journal of Corporate Finance, Forthcoming
Number of pages: 66 Posted: 29 May 2020 Last Revised: 12 Jan 2021
Stephen P. Ferris and Sushil Sainani
University of Missouri at Columbia - Department of Finance and University of Liverpool
Downloads 230 (243,712)
Citation 10

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CFO; mergers; acquisitions; performance

23.

Gold, Silver, Bronze or Tin? The Short and Long Term Effects of Mega Sporting Events

KAIST College of Business Working Paper Series No. 2012-005
Number of pages: 29 Posted: 13 Jul 2012
Stephen P. Ferris, Sulgi Koo, Kwangwoo Park and David T. Yi
University of Missouri at Columbia - Department of Finance, affiliation not provided to SSRN, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Xavier University - Department of Economics
Downloads 230 (243,712)

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Olympics, World Cup, Announcement Effect, Economic Performance

24.

When Managers Bypass Shareholder Approval of Board Appointments: Evidence from the Private Security Market

Journal of Corporate Finance, 2007
Number of pages: 46 Posted: 29 Dec 2005 Last Revised: 26 Sep 2008
Matteo P. Arena and Stephen P. Ferris
Marquette University and University of Missouri at Columbia - Department of Finance
Downloads 217 (257,503)
Citation 2

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Shareholder voting, boards of directors, private placement

25.

Friends in the Right Places: The Effect of Political Connections on Corporate Merger Activity

Journal of Corporate Finance, Vol. 41, 2016
Number of pages: 68 Posted: 16 Nov 2016 Last Revised: 06 Dec 2016
Stephen P. Ferris, Reza Houston and David Javakhadze
University of Missouri at Columbia - Department of Finance, Indiana State University - Scott College of Business and Florida Atlantic University
Downloads 207 (269,022)
Citation 17

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Political connections, Mergers, Acquisitions, Antitrust law

26.

Managerial Expectations and the Performance of Acquiring Firms: The Contribution of Soft Data

Number of pages: 48 Posted: 15 Mar 2010
University of Central Missouri, Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and University of Missouri at Columbia - Department of Finance
Downloads 199 (278,864)
Citation 3

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Mergers, synergy, soft information

27.

The Corporate Demand for External Connectivity: Pricing Boardroom Social Capital

Journal of Banking and Finance, Vol. 111, February 2020, Article 105729, 1-20
Number of pages: 63 Posted: 03 Apr 2017 Last Revised: 13 Nov 2020
Stephen P. Ferris, David Javakhadze and Yun Liu
University of Missouri at Columbia - Department of Finance, Florida Atlantic University and Claremont Colleges - Keck Graduate Institute
Downloads 184 (299,099)
Citation 1

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Board of Directors, Director Compensation, Agency Theory, Social Capital, Social Networks

28.

Busy Boards and Corporate Earnings Management: An International Analysis

Review of Accounting and Finance. 18 (4), 533-556
Number of pages: 42 Posted: 17 May 2019 Last Revised: 28 Sep 2020
Stephen P. Ferris and Min-Yu (Stella) Liao
University of Missouri at Columbia - Department of Finance and Illinois State University - Department of Finance, Insurance and Law
Downloads 175 (312,733)

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governance; boards; busy; audit; earnings management

29.

It's a Sweetheart of a Deal: Political Connections and Corporate-Federal Contracting

Financial Review, Vol. 54, Issue 1, pp. 57-84, 2019
Number of pages: 37 Posted: 16 Nov 2016 Last Revised: 09 Sep 2019
Stephen P. Ferris, Reza Houston and David Javakhadze
University of Missouri at Columbia - Department of Finance, Indiana State University - Scott College of Business and Florida Atlantic University
Downloads 171 (319,121)
Citation 10

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Contracting, political connections

30.

A Global Analysis of Corporate Litigation Risk and Costs

International Review of Law and Economics, Vol. 56, 2018
Number of pages: 44 Posted: 12 Dec 2018
Matteo P. Arena and Stephen P. Ferris
Marquette University and University of Missouri at Columbia - Department of Finance
Downloads 165 (329,154)
Citation 2

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International Corporate Finance, Corporate Litigation, International Law

31.

An international analysis of dividend smoothing

Journal of Corporate Finance, Vol. 29, 2014
Number of pages: 56 Posted: 05 Jul 2013 Last Revised: 13 Nov 2020
David Javakhadze, Stephen P. Ferris and Nilanjan Sen
Florida Atlantic University, University of Missouri at Columbia - Department of Finance and Nanyang Business School, Nanyang Technological University
Downloads 145 (366,415)
Citation 3

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dividend smoothing, information asymmetry, agency costs

32.

The International Effect of Managerial Social Capital on the Cost of Equity

Journal of Banking & Finance, Volume 74, January 2017, Pages 69–84
Number of pages: 54 Posted: 24 Oct 2016 Last Revised: 25 Sep 2017
Stephen P. Ferris, David Javakhadze and Tijana Rajkovic
University of Missouri at Columbia - Department of Finance, Florida Atlantic University and San Jose State University
Downloads 120 (423,958)
Citation 14

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Social capital; Social networks; Cost of capital

33.

An International Analysis of CEO Social Capital and Corporate Risk-Taking

European Financial Management, 2019, Volume 25, pp. 3-37.
Number of pages: 54 Posted: 19 Sep 2017 Last Revised: 02 Feb 2019
Stephen P. Ferris, David Javakhadze and Tijana Rajkovic
University of Missouri at Columbia - Department of Finance, Florida Atlantic University and San Jose State University
Downloads 118 (429,316)
Citation 3

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social capital, social networks, corporate risk-taking

34.

Mergers and the Market for Busy Directors: An International Analysis

Journal of Financial Research, 42 (3), 449-489.
Number of pages: 61 Posted: 01 Jun 2018 Last Revised: 28 Sep 2020
Stephen P. Ferris, Narayanan Jayaraman and Min-Yu (Stella) Liao
University of Missouri at Columbia - Department of Finance, Georgia Institute of Technology - Scheller College of Business and Illinois State University - Department of Finance, Insurance and Law
Downloads 117 (432,081)

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directors; busy boards; governance; mergers and acquisitions

35.

Social Capital, Investments and External Financing

Journal of Corporate Finance, Vol. 37, 2016
Number of pages: 53 Posted: 30 May 2018
David Javakhadze, Stephen P. Ferris and Dan W. French
Florida Atlantic University, University of Missouri at Columbia - Department of Finance and Lamar University
Downloads 78 (564,646)
Citation 12

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Social capital Social networks Investment Q

36.

Managerial Social Capital and Financial Development: A Cross-Country Analysis

The Financial Review 51 (2016) 37–68
Number of pages: 40 Posted: 30 May 2018
David Javakhadze, Stephen P. Ferris and Dan W. French
Florida Atlantic University, University of Missouri at Columbia - Department of Finance and Lamar University
Downloads 76 (573,271)
Citation 1

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social capital, social networks, financial development

37.

Intra-Industry Transfer of Information Inferred From Trading Volume

CERGE-EI Working Paper Series No. 663
Number of pages: 31 Posted: 27 Oct 2020
Iuliia Brushko, Stephen P. Ferris, Jan Hanousek and Jiri Tresl
Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences, University of Missouri at Columbia - Department of Finance, Faculty of Business and Economics, Mendel University in Brno and Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences
Downloads 66 (618,839)

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intra-industry; earnings announcement; earnings surprise; trading activity

38.

The Influence of Legal Liability on Corporate Financial Signaling

23 Journal of Corporation Law 209, Winter 1998
Number of pages: 35 Posted: 14 Aug 2013
Robert M. Lawless, Stephen P. Ferris and Bryan Bacon
University of Illinois College of Law, University of Missouri at Columbia - Department of Finance and Independent
Downloads 65 (623,791)
Citation 1

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Asymmetries in the Firm's Use of Debt to Changing Market Values

CERGE-EI Working Paper Series No. 598, ISBN 978-80-7343-405-2
Number of pages: 35 Posted: 09 Aug 2017
Stephen P. Ferris, Jan Hanousek, Anastasiya Shamshur and Jiri Tresl
University of Missouri at Columbia - Department of Finance, Faculty of Business and Economics, Mendel University in Brno, Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences and Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences
Downloads 55 (690,671)

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market leverage, book leverage, capital structure, adjustment speed

Asymmetries in the Firm's Use of Debt to Changing Market Values

CEPR Discussion Paper No. DP12099
Number of pages: 35 Posted: 19 Jun 2017
Stephen P. Ferris, Jan Hanousek, Anastasiya Shamshur and Jiri Tresl
University of Missouri at Columbia - Department of Finance, Faculty of Business and Economics, Mendel University in Brno, University of Kent and University of Mannheim
Downloads 1 (1,161,659)
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market leverage; book leverage; capital structure; adjustment speed

40.

Serial Bankruptcy: Plan Infeasibility or Just Bad Luck?

Applied Economics Letters, Vol. 8, No. 105, 2001
Number of pages: 9 Posted: 14 Aug 2013
Karen Craft Denning, Stephen P. Ferris and Robert M. Lawless
Fairleigh-Dickinson University - Silberman College of Business, University of Missouri at Columbia - Department of Finance and University of Illinois College of Law
Downloads 48 (719,110)

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bankruptcy

41.

Professional Fees and Other Direct Costs in Chapter 7 Business Liquidations

75 Washington University Law Quarterly 1207
Number of pages: 28 Posted: 15 Aug 2013
Robert M. Lawless and Stephen P. Ferris
University of Illinois College of Law and University of Missouri at Columbia - Department of Finance
Downloads 46 (731,894)
Citation 1

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42.

An International Analysis of Director Equity Incentives and Earnings Management

Journal of Accounting and Finance, 18 (2), 123-143, 2017
Number of pages: 32 Posted: 17 Nov 2020
Min-Yu (Stella) Liao and Stephen P. Ferris
Illinois State University - Department of Finance, Insurance and Law and University of Missouri at Columbia - Department of Finance
Downloads 44 (745,178)

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governance; boards; compensation; audit; earnings management

43.

The Young and the Restless: A Study of Age and Acquisition Propensity of CEOs of U.K. Firms

Journal of Business Finance and Accounting, Forthcoming
Posted: 13 Jul 2016
The University of Texas at San Antonio - Alvarez College of Business, University of Texas at Arlington - Department of Finance and Real Estate, Georgia Institute of Technology - Scheller College of Business and University of Missouri at Columbia - Department of Finance

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CEO, age, merger, acquisition, signaling, compensation

44.

IPO Underpricing Over Time: Evidence from the UK

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Stephen P. Ferris, Gregory Noronha and Emre Unlu
University of Missouri at Columbia - Department of Finance, University of Washington, Tacoma - Milgard School of Business and University of Nebraska at Lincoln

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Stocks, Internet industry, Initial public offerings (IPO), Valuation, High technology industries

45.

The Information Effects of Analyst Activity at the Announcement of New Equity Issues

Financial Management, Vol. 29, Issue 1, Spring 2000
Posted: 16 Jul 2001
Ranjan D'Mello and Stephen P. Ferris
Wayne State University - Department of Finance and University of Missouri at Columbia - Department of Finance

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46.

The Impact of Chapter 11 Filings on the Risk and Return of Securityholders, 1979-1989

ADVANCES IN FINANCIAL ECONOMICS, Vol. 2
Posted: 30 Sep 1996
Stephen P. Ferris, Narayanan Jayaraman and Anil K. Makhija
University of Missouri at Columbia - Department of Finance, Georgia Institute of Technology - Scheller College of Business and Ohio State University (OSU) - Department of Finance

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