James W. Kolari

Texas A&M University - Department of Finance

JP Morgan Chase Professor of Finance

MS-4218

Department of Finance

College Station, TX TX 77843-4218

United States

  • Texas A&M University - Department of Finance

    • Email
    • Tel: 979-845-4803
    • Fax: 979-845-3884
SCHOLARLY PAPERS

63

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126

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174

Scholarly Papers (63)

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1.

Nonparametric Rank Tests for Event Studies

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 59 Posted: 25 Aug 2008 Last Revised: 19 Aug 2014
James W. Kolari and Seppo Pynnonen
Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics
Downloads 4,469 (3,819)
Citation 11

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Rank test, Abnormal returns, Event study, Standardized returns

2.

Stock Prices and Inflation

Journal of Financial Research, Vol. XXIV, No. 4, Winter 2001
Number of pages: 17 Posted: 05 Jun 2001
James W. Kolari and Ali Anari
Texas A&M University - Department of Finance and Texas A&M University - Mays Business School
Downloads 1,602 (19,853)
Citation 10

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stock prices, inflation

3.

Event Study Testing with Cross-Sectional Correlation Due to Partially Overlapping Event Windows

Mays Business School Research Paper No. 3167271
Number of pages: 31 Posted: 23 Apr 2018 Last Revised: 14 Jul 2020
James W. Kolari, Bernd Pape and Seppo Pynnonen
Texas A&M University - Department of Finance, University of Vaasa - Department of Mathematics and Statistics and University of Vaasa, Department of Mathematics and Statistics
Downloads 1,198 (30,731)
Citation 7

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Abnormal Returns; Event Day Clustering; Clustering Robust Standard Errors; Cross-Sectional Correlation

4.

Corporation Income Taxes and the Cost of Capital: A Revision

Innovar, 22(46), 53-72. 2012, Mays Business School Research Paper No. 2012-31
Number of pages: 19 Posted: 25 Nov 2010 Last Revised: 01 Jun 2013
James W. Kolari and Ignacio Velez-Pareja
Texas A&M University - Department of Finance and Grupo Consultor CAV Capital Advisory & Valuation
Downloads 1,137 (33,018)
Citation 12

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Value of Tax Shields, Capital Structure, Firm Valuation, Share Valuation

5.

Stock Market Integration and Financial Crises: The Case of Asia

Number of pages: 30 Posted: 01 Dec 2003
Jian Yang, James W. Kolari and Insik Min
University of Colorado at Denver - Business School, Texas A&M University - Department of Finance and Texas A&M University
Downloads 1,067 (36,116)
Citation 10

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Asian financial crisis, cointegration, emerging stock markets, generalized impulse response analysis

6.

Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields

Downloads 859 (48,900)
Citation 5

Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields

Mays Business School Research Paper No. 2011-12
Number of pages: 11 Posted: 10 Aug 2010 Last Revised: 19 Dec 2011
Joseph Tham, Ignacio Velez-Pareja and James W. Kolari
Educational Independent Consultant, Grupo Consultor CAV Capital Advisory & Valuation and Texas A&M University - Department of Finance
Downloads 481 (101,672)
Citation 4

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Cost of levered equity, firm valuation, tax shields, discount rate for tax shields, risk of tax shields

Costo de Capital con Costo del Patrimonio Apalancado Como el Riesgo de los Escudos Fiscales (Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields)

Revista Emprendedorismo y Estrategia Organizacional, Vol. 1, No. 2, pp. 15-19, 2011, Mays Business School Research Paper No. 2011-10
Number of pages: 14 Posted: 01 Oct 2010 Last Revised: 05 Aug 2013
Joseph Tham, Ignacio Velez-Pareja and James W. Kolari
Educational Independent Consultant, Grupo Consultor CAV Capital Advisory & Valuation and Texas A&M University - Department of Finance
Downloads 378 (134,797)

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Cost of levered equity, firm valuation, tax shields, discount rate for tax shields, risk of tax shields

7.

Optimal Capital Structure for Finite Cash Flows

Number of pages: 38 Posted: 02 Apr 2011 Last Revised: 16 Nov 2013
Felipe Mejia-Pelaez, Ignacio Velez-Pareja and James W. Kolari
Octum, Grupo Consultor CAV Capital Advisory & Valuation and Texas A&M University - Department of Finance
Downloads 749 (58,839)
Citation 4

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Optimal capital structure, valuation, non-circularity, finite cash flows, perpetuities tax shield, cost of equity

8.

Common Risk Factors in Bank Stocks

Number of pages: 40 Posted: 21 Mar 2007
James W. Kolari
Texas A&M University - Department of Finance
Downloads 691 (65,393)

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Asset pricing, Bank stocks, Event studies, Regulatory policy

9.

Accounting for Distress in Bank Mergers

Downloads 639 (72,342)
Citation 26

Accounting for Distress in Bank Mergers

Deutsche Bundesbank Discussion Paper No. 2, EFA 2006 Zurich Meetings
Number of pages: 48 Posted: 03 Oct 2005 Last Revised: 19 Oct 2011
Michael Koetter, Jaap W.B. Bos, Frank Heid, James W. Kolari, Clemens J.M. Kool and Daniel Porath
Halle Institute for Economic Research, Maastricht University, Deutsche Bundesbank, Texas A&M University - Department of Finance, Utrecht University - School of Economics and University of Applied Sciences Mainz
Downloads 358 (143,266)
Citation 1

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Mergers, bailout, X-efficiency, multinomial logit

Accounting for Distress in Bank Mergers

Journal of Banking and Finance, Vol. 31, No. 10, 2007
Number of pages: 18 Posted: 08 Nov 2007
Michael Koetter, Jaap W.B. Bos, Frank Heid, James W. Kolari, Clemens J.M. Kool and Daniel Porath
Halle Institute for Economic Research, Maastricht University, Deutsche Bundesbank, Texas A&M University - Department of Finance, Utrecht University - School of Economics and University of Applied Sciences Mainz
Downloads 247 (211,165)
Citation 2

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Mergers, Bailout, X-efficiency, Multinomial logit

Accounting for Distress in Bank Mergers

Bundesbank Series 2 Discussion Paper No. 2005,09
Number of pages: 48 Posted: 08 Jun 2016
Michael Koetter, Jaap W.B. Bos, Frank Heid, James W. Kolari and Daniel Porath
Halle Institute for Economic Research, Maastricht University, Deutsche Bundesbank, Texas A&M University - Department of Finance and University of Applied Sciences Mainz
Downloads 34 (781,612)

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Mergers, bailout, X-efficiency, multinomial logit

10.

Enjoying the Quiet Life Under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks

Mays Business School Research Paper No. 2012-26
Number of pages: 51 Posted: 02 Feb 2012 Last Revised: 29 Apr 2013
Michael Koetter, James W. Kolari and Laura Spierdijk
Halle Institute for Economic Research, Texas A&M University - Department of Finance and University of Twente - Department of Behavioural, Management and Social Sciences - Financial Engineering section
Downloads 604 (77,524)
Citation 31

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11.

The CAPM Works Better for Average Daily Returns

Mays Business School Research Paper No. 2826683
Number of pages: 27 Posted: 21 Aug 2016 Last Revised: 06 Sep 2018
Wei Liu, James W. Kolari and Seppo Pynnonen
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics
Downloads 591 (79,666)

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CAPM, cross-sectional tests, expected returns, realized returns

12.

Foreign Exchange Risk and the Cross-Section of Stock Returns

Downloads 589 (79,998)

Foreign Exchange Risk and the Cross-Section of Stock Returns

Number of pages: 47 Posted: 24 Mar 2005
James W. Kolari, 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 589 (79,039)
Citation 2

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Foreign exchange risk, stock returns, asset pricing

Foreign Exchange Risk and the Cross-Section of Stock Returns

Journal of International Money and Finance, Volume 27, Issue 7, November 2008, Pages 1074-1097.
Posted: 13 Jul 2007 Last Revised: 16 Sep 2014
James W. Kolari, 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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foreign exchange risk, stock returns, asset pricing

13.

A New Investment Technology: The ZCAPM

Mays Business School Research Paper No. 2885467
Number of pages: 31 Posted: 24 May 2017 Last Revised: 03 Apr 2019
Wei Liu, James W. Kolari and Jianhua Z. Huang
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and The Chinese University of Hong Kong
Downloads 576 (82,397)

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Investment Portfolios, Market Index, Return Dispersion

14.

Estructura Optima de Capital Para Flujos de Caja Finitos (Optimal Capital Structure for Finite Cash Flows)

Mays Business School Research Paper No. 1826264
Number of pages: 39 Posted: 02 May 2011 Last Revised: 14 Feb 2018
Felipe Mejia-Pelaez, Ignacio Velez-Pareja and James W. Kolari
Octum, Grupo Consultor CAV Capital Advisory & Valuation and Texas A&M University - Department of Finance
Downloads 563 (84,671)

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optimal capital structure, valuation, non-circularity, finite cash flows, perpetuities tax shield, cost of equity

15.

Inflation News and the Stock Market: Macroefficiency or Overreaction

Number of pages: 48 Posted: 23 Jun 2003
Johan Knif, James W. Kolari and Seppo Pynnonen
Hanken School of Economics, Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics
Downloads 529 (91,511)

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16.

Two Market Forces in Asset Prices

Number of pages: 63 Posted: 15 Mar 2012 Last Revised: 05 Aug 2018
Wei Liu, James W. Kolari and Jianhua Z. Huang
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and The Chinese University of Hong Kong
Downloads 509 (95,910)
Citation 6

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asset pricing, zero-beta CAPM, market volatility

17.

Momentum and Reversal Dynamics

Number of pages: 54 Posted: 04 Jan 2019
James W. Kolari and Sang-Ook (Simon) Shin
Texas A&M University - Department of Finance and Ulsan National Institute of Science and Technology (UNIST)
Downloads 508 (96,159)

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momentum, reversal, stock returns

18.

Return Dispersion and the Cross-Section of Stock Returns

Mays Business School Research Paper No. 3200095
Number of pages: 81 Posted: 29 Jun 2018 Last Revised: 14 Jul 2020
Wei Liu, James W. Kolari and Jianhua Z. Huang
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and The Chinese University of Hong Kong
Downloads 483 (102,239)
Citation 3

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Asset pricing, Cross-sectional stock returns, Expectation-maximization (EM) algorithm, Return dispersion

19.

Is Currency Momentum a Hedge for Global Economic Risk?

Number of pages: 59 Posted: 17 Jun 2015 Last Revised: 22 Dec 2016
Klaus Grobys, Jari-Pekka Heinonen and James W. Kolari
University of Vaasa, University of Vaasa - Department of Accounting and Finance and Texas A&M University - Department of Finance
Downloads 477 (103,792)
Citation 4

Abstract:

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Return dispersion, Momentum, Currency markets, Global economic risk

20.

A Robust and Powerful Test of Abnormal Stock Returns in Long-Horizon Event Studies

Number of pages: 64 Posted: 11 Jul 2013 Last Revised: 05 Oct 2017
Anupam Dutta, Johan Knif, James W. Kolari and Seppo Pynnonen
University of Vaasa - Department of Mathematics and Statistics, Hanken School of Economics, Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics
Downloads 464 (107,520)
Citation 2

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Abnormal returns, Long-run event study, Standardized returns, IPOs, SEOs

21.

Momentum, Market Volatility, and Reversal

Downloads 409 (124,614)

Momentum, Market Volatility, and Reversal

Number of pages: 48 Posted: 14 Jun 2023
Hilal Anwar Butt, James W. Kolari and Mohsin Sadaqat
University of Karachi - Institute of Business Administration (IBA), Karachi, Texas A&M University - Department of Finance and Institute of Business Administration, Karachi
Downloads 254 (205,459)

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market volatility, momentum, momentum crashes, reversal

Momentum, Market Volatility, and Reversal

Number of pages: 98 Posted: 29 Jan 2023
Hilal Anwar Butt, James W. Kolari and Mohsin Sadaqat
University of Karachi - Institute of Business Administration (IBA), Karachi, Texas A&M University - Department of Finance and Institute of Business Administration, Karachi
Downloads 155 (324,893)

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market volatility, momentum, momentum crashes, reversal

22.

On Long-Run Stock Returns after Corporate Events

Forthcoming, Critical Finance Review, Mays Business School Research Paper No. 2616693
Number of pages: 52 Posted: 12 Jun 2015 Last Revised: 21 Nov 2023
James W. Kolari, Seppo Pynnonen and Ahmet M. Tuncez
Texas A&M University - Department of Finance, University of Vaasa, Department of Mathematics and Statistics and University of Michigan at Dearborn - College of Business
Downloads 402 (126,766)
Citation 2

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Abnormal return, Long-run event study, Characteristic normalization, Merger and acquisition, IPO, SEO, Dividend initiation

23.

Assessing the Profitability and Riskiness of Small Business Lenders in the Banking Industry

Number of pages: 41 Posted: 27 Sep 2007
James W. Kolari and G. Hwan Shin
Texas A&M University - Department of Finance and University of Texas at Tyler
Downloads 363 (142,142)
Citation 5

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Small business lending, Banking, Profitability, Diversification

24.

Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores

Downloads 354 (146,100)
Citation 11

Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores

Deutsche Bundesbank Discussion Paper No. 2, Banking and Financial Studies Paper No. 15/2005
Number of pages: 48 Posted: 28 Feb 2006
Jaap W.B. Bos, Frank Heid, Michael Koetter, James W. Kolari and Clemens J.M. Kool
Maastricht University, Deutsche Bundesbank, Halle Institute for Economic Research, Texas A&M University - Department of Finance and Utrecht University - School of Economics
Downloads 328 (157,511)
Citation 14

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Heterogeneity, X-efficiency, benchmarking, bank production

Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores

Bundesbank Series 2 Discussion Paper No. 2005,15
Number of pages: 48 Posted: 08 Jun 2016
Jaap W.B. Bos, Frank Heid, Michael Koetter, James W. Kolari and Clemens J.M. Kool
Maastricht University, Deutsche Bundesbank, Halle Institute for Economic Research, Texas A&M University - Department of Finance and Utrecht University - School of Economics
Downloads 26 (849,735)

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Heterogeneity, X-efficiency, benchmarking, bank production

25.

Analytical Solution for Optimal Capital Structure in Perpetuities

Number of pages: 7 Posted: 15 Dec 2010 Last Revised: 19 Oct 2011
Joseph Tham, Ignacio Velez-Pareja and James W. Kolari
Educational Independent Consultant, Grupo Consultor CAV Capital Advisory & Valuation and Texas A&M University - Department of Finance
Downloads 293 (178,567)

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Firm valuation, optimal capital structure, discount rate for tax shields

26.

El Juego De La Gallina Ciega: Buscando La Estructura Óptima De Capital (Blind Man's Buff: On the Search of the Optimal Capital Structure) (Slides)

Number of pages: 40 Posted: 11 Feb 2013 Last Revised: 11 Nov 2013
Ignacio Velez-Pareja, Felipe Mejia-Pelaez and James W. Kolari
Grupo Consultor CAV Capital Advisory & Valuation, Octum and Texas A&M University - Department of Finance
Downloads 292 (179,201)
Citation 1

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optimal capital structure, valuation, non-circularity, finite cash flows, perpetuities tax shield, cost of equity

27.

Bank Asset Liquidation and the Propagation of the U.S. Great Depression

Downloads 282 (185,731)
Citation 4

Bank Asset Liquidation and the Propagation of the U.S. Great Depression

Wharton Financial Institutions Center Working Paper No. 02-35
Number of pages: 48 Posted: 20 Sep 2002
Joseph R. Mason, James W. Kolari and Ali Anari
Louisiana State University - Ourso School of Business, Texas A&M University - Department of Finance and Texas A&M University - Mays Business School
Downloads 282 (184,748)
Citation 4

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Business cycles, persistence, bank failures, liquidation, bankruptcy costs

Bank Asset Liquidation and the Propagation of the U.S. Great Depression

Journal of Money, Credit, and Banking, Vol. 37, August 2005
Posted: 12 Oct 2007
Joseph R. Mason, James W. Kolari and Ali Anari
Louisiana State University - Ourso School of Business, Texas A&M University - Department of Finance and Texas A&M University - Mays Business School

Abstract:

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Business cycles, persistence, bank failures, liquidation, bankruptcy costs

28.

Exchange Rate Shocks and Firm Competitiveness in a Small, Export-Oriented Economy: The Case of Finland

Downloads 277 (189,098)

Exchange Rate Shocks and Firm Competitiveness in a Small, Export-Oriented Economy: The Case of Finland

Multinational Finance Journal, 2013, Vol. 17, No 1/2, pp. 1-47., AFFI/EUROFIDAI, Paris December 2009 Finance International Meeting AFFI - EUROFIDAI
Number of pages: 44 Posted: 09 Oct 2009 Last Revised: 28 Mar 2015
ABS Gulati, Johan Knif and James W. Kolari
Hanken School of Economics, Hanken School of Economics and Texas A&M University - Department of Finance
Downloads 188 (273,187)

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Exchange Rate Exposure, Stock Returns, Cross-Country Industry Competition, Market Integration, Pre- and Post-euro

Exchange Rate Shocks and Firm Competitiveness in a Small, Export-Oriented Economy: The Case of Finland

Multinational Finance Journal, Vol. 17, No. 1/2, p. 1-47, 2013
Number of pages: 47 Posted: 18 Jun 2015
ABS Gulati, Johan Knif and James W. Kolari
Hanken School of Economics, Hanken School of Economics and Texas A&M University - Department of Finance
Downloads 89 (488,239)

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exchange rate exposure; stock returns; cross-country industry competition; market integration; pre- and post-euro

29.

Large Bank Efficiency in Europe and the United States: Are There Economic Motivations for Geographic Expansion in Financial Services?

Journal of Business, Vol. 78, No. 4, pp. 1555-1592, July 2005
Number of pages: 38 Posted: 12 Sep 2007
James W. Kolari
Texas A&M University - Department of Finance
Downloads 261 (200,739)

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X-efficiency, scale, scope, distance, banking

30.

Market Risk and the Momentum Mystery

Number of pages: 39 Posted: 21 Nov 2018 Last Revised: 09 Feb 2019
James W. Kolari and Wei Liu
Texas A&M University - Department of Finance and Texas A&M University - Department of Finance
Downloads 256 (204,736)

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momentum, market risk, return dispersion, asset pricing

31.

Computing Currency Invariant Indices with an Application to Minimum Variance Currency Baskets

Journal of Economic Dynamics and Control, Vol. 28, pp. 1481-1504, 2004
Number of pages: 24 Posted: 10 Apr 2008
Nikolai V. Hovanov, James W. Kolari and Mikhail V. Sokolov
Saint Petersburg State University, Texas A&M University - Department of Finance and Saint Petersburg State University
Downloads 254 (206,347)
Citation 2

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Currency index, Currency basket, Minimal variance, Numeraire, International 1nance, World money

32.

Choosing Factors: The International Evidence

Number of pages: 29 Posted: 18 Oct 2019 Last Revised: 31 Dec 2019
Klaus Grobys and James W. Kolari
University of Vaasa and Texas A&M University - Department of Finance
Downloads 253 (207,113)
Citation 1

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risk factors, maximum squared Sharpe ratio, asset pricing models, spanning regressions

33.

Return Dispersion and Investment Anomalies

Number of pages: 53 Posted: 21 Aug 2015 Last Revised: 21 Nov 2023
Klaus Grobys and James W. Kolari
University of Vaasa and Texas A&M University - Department of Finance
Downloads 221 (235,968)

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Return dispersion, anomalies, asset pricing

34.

Blind Man's Bluff: On the Search of the Optimal Capital Structure

Number of pages: 38 Posted: 11 Feb 2013 Last Revised: 14 Nov 2013
Ignacio Velez-Pareja, Felipe Mejia-Pelaez and James W. Kolari
Grupo Consultor CAV Capital Advisory & Valuation, Octum and Texas A&M University - Department of Finance
Downloads 210 (247,545)

Abstract:

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optimal capital structure, valuation, non-circularity, finite cash flows, perpetuities tax shield, cost of equity

35.

On the Stability of Stablecoins

Number of pages: 48 Posted: 04 Mar 2021
Klaus Grobys, Juha-Pekka Junttila, James W. Kolari and Niranjan Sapkota
University of Vaasa, University of Oulu - Department of Economics, Accounting and Finance, Texas A&M University - Department of Finance and University of Vaasa
Downloads 200 (258,698)
Citation 7

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Bitcoin, financial technology, power laws, spillovers, stablecoins, volatility

36.

Systemic Risk Measurement in Banking Using Self-Organizing Maps

Number of pages: 50 Posted: 08 Nov 2014 Last Revised: 30 Sep 2015
James W. Kolari and Ivan Sanz
Texas A&M University - Department of Finance and University of Valladolid - Faculty of Economic Science and Business Studies
Downloads 192 (268,458)
Citation 2

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Self-organizing maps, systemic risk, trait recognition, bank condition

37.

Market Power, Bank Megamergers, And the Welfare of Bank Borrowers

Journal of Financial Research, Vol. 34, pp. 641-658, Mays Business School Research Paper No. 2011-8
Number of pages: 36 Posted: 05 Oct 2010 Last Revised: 19 Dec 2011
Donald R. Fraser, James W. Kolari, Seppo Pynnonen and T. Kyle Tippens
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance, University of Vaasa, Department of Mathematics and Statistics and Abilene Christian University - College of Business Administration
Downloads 189 (272,234)
Citation 1

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Bank megamergers, bank mergers, market power

38.

Further Evidence on Long-Run Abnormal Returns after Corporate Events

Quarterly Review of Economics and Finance, Forthcoming
Number of pages: 49 Posted: 21 Nov 2018 Last Revised: 14 Oct 2020
James W. Kolari, Seppo Pynnonen and Ahmet M. Tuncez
Texas A&M University - Department of Finance, University of Vaasa, Department of Mathematics and Statistics and University of Michigan at Dearborn - College of Business
Downloads 188 (273,554)
Citation 1

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abnormal returns, anomalous returns, long-run event study, corporate events, M&A, SEO, IPO, dividend initiation, share repurchase, stock splits

39.

Measuring Systemic Risk in the U.S. Banking System

Number of pages: 41 Posted: 12 Sep 2018 Last Revised: 15 Dec 2018
James W. Kolari, Félix J. López-Iturriaga and Ivan Sanz
Texas A&M University - Department of Finance, Universidad de Valladolid - Department of Finance and Accounting and University of Valladolid - Faculty of Economic Science and Business Studies
Downloads 180 (284,113)

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Systemic risk, commercial banks, self-organizing maps

40.

CAPM: A Covariance Adjustment Approach for Estimating Market Beta

Number of pages: 47 Posted: 10 Mar 2016 Last Revised: 25 May 2016
James W. Kolari, Wei Liu and Seppo Pynnonen
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics
Downloads 179 (285,482)

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asset pricing, CAPM, cross-sectional tests, market beta

41.

Predicting European Bank Stress Tests: Survival of the Fittest

Mays Business School Research Paper No. 2796459
Number of pages: 43 Posted: 16 Jun 2016 Last Revised: 04 Mar 2019
James W. Kolari, Félix J. López-Iturriaga and Ivan Sanz
Texas A&M University - Department of Finance, Universidad de Valladolid - Department of Finance and Accounting and University of Valladolid - Faculty of Economic Science and Business Studies
Downloads 174 (292,640)
Citation 1

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banking, early warning system, financial condition, systemic risk, stress test

42.

Did Capital Infusions Enhance Bank Recovery from the Great Recession?

Journal of Banking and Finance, Volume 37, Issue 12, December 2013, Pages 5048–5061
Number of pages: 50 Posted: 22 Nov 2011 Last Revised: 11 Jul 2023
Wendy Liu, James W. Kolari, T. Kyle Tippens and Donald R. Fraser
Texas A&M University, Texas A&M University - Department of Finance, Abilene Christian University - College of Business Administration and Texas A&M University - Department of Finance
Downloads 170 (298,580)
Citation 10

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Bank capital, banking crisis, financial condition, long-run event study, TARP

43.

Dynamics of Interest and Inflation Rates

Journal of Empirical Finance, Vol. 39, Part A, December 2016, Mays Business School Research Paper No. 2888596
Number of pages: 38 Posted: 22 Dec 2016
Ali Anari and James W. Kolari
Texas A&M University - Mays Business School and Texas A&M University - Department of Finance
Downloads 168 (301,553)

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dynamics, inflation, interest rates, endogeneity, ex post and ex ante Fisher and Wicksell coefficients

44.

Do Technology and Efficiency Differences Determine Productivity?

Tjalling C. Koopmans Discussion Paper
Number of pages: 28 Posted: 04 Jul 2007
Jaap W.B. Bos, Michael Koetter, Claire Economidou and James W. Kolari
Maastricht University, Halle Institute for Economic Research, Utrecht University - School of Economics and Texas A&M University - Department of Finance
Downloads 137 (356,408)
Citation 1

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total factor productivity, latent class, stochastic frontier, efficiency, growth

45.

Do Euro Exchange Rates Follow a Martingale? Some Out-of-Sample Evidence

Journal of Banking and Finance, 2008
Number of pages: 41 Posted: 20 Aug 2007 Last Revised: 19 Oct 2011
Jian Yang, Xiaojing Su and James W. Kolari
University of Colorado at Denver - Business School, affiliation not provided to SSRN and Texas A&M University - Department of Finance
Downloads 122 (389,182)
Citation 1

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Euro exchange rates, martingale, nonlinear models, technical trading rule, forecasting evaluation

46.

Forecasting Bank Capital Ratios Using the Prophet Model by Facebook

Number of pages: 39 Posted: 27 Jun 2022 Last Revised: 11 Aug 2022
James W. Kolari and Ivan Sanz
Texas A&M University - Department of Finance and University of Valladolid - Faculty of Economic Science and Business Studies
Downloads 112 (414,214)

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bank capital, bank regulation, Facebook, Prophet model, stress tests

47.

Revisiting Momentum Profits in Emerging Markets

Number of pages: 43 Posted: 21 Nov 2020
Hilal Anwar Butt, James W. Kolari and Mohsin Sadaqat
University of Karachi - Institute of Business Administration (IBA), Karachi, Texas A&M University - Department of Finance and Institute of Business Administration, Karachi
Downloads 112 (414,214)

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emerging markets, liquidity, momentum, risk management

48.

Multifactor Market Indexes

Number of pages: 43 Posted: 15 Dec 2017 Last Revised: 19 Sep 2022
Wei Liu and James W. Kolari
Texas A&M University - Department of Finance and Texas A&M University - Department of Finance
Downloads 112 (414,214)
Citation 1

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efficient portfolios, market, beta, market index, multifactors

49.

Dynamic Risk Adjustment in Long-Run Event Study Tests

Number of pages: 59 Posted: 15 Feb 2020 Last Revised: 15 Apr 2020
Yao Han, James W. Kolari and Seppo Pynnonen
Texas A&M University - Department of Finance, Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics
Downloads 111 (416,909)

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Abnormal return, Long-run event study, Merger and acquisition, Seasoned equity offering, Share repurchases, Short-run event study

50.

Impacts of Monetary Policy Rates on Interest and Inflation Rates

Number of pages: 47 Posted: 19 Dec 2017
Ali Anari and James W. Kolari
Texas A&M University - Mays Business School and Texas A&M University - Department of Finance
Downloads 109 (422,343)

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interest rates, inflation, monetary policy

51.

The Fisher Puzzle, Real Rate Anomaly, and Wicksell Effect

Mays Business School Research Paper No. 3092298
Number of pages: 58 Posted: 27 Dec 2017 Last Revised: 14 Jul 2020
Ali Anari and James W. Kolari
Texas A&M University - Mays Business School and Texas A&M University - Department of Finance
Downloads 92 (474,079)
Citation 1

Abstract:

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Inflation, Interest Rates, Fisher And Wicksell Coefficients, Real Interest Rates

52.

Do Some Lenders Have Information Advantages? Evidence from Japanese Credit Market Data

Journal of Banking and Finance, Vol. 28, No. , 2004
Number of pages: 21 Posted: 27 Sep 2007
James W. Kolari and G. Hwan Shin
Texas A&M University - Department of Finance and University of Texas at Tyler
Downloads 85 (497,811)
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Bank credit, Asymmetric information, Credit hierarchy, Japanese banking

53.

Gross and Net Tax Shield Valuation

Number of pages: 19 Posted: 20 Dec 2017 Last Revised: 10 Jan 2019
James W. Kolari
Texas A&M University - Department of Finance
Downloads 76 (531,754)

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Tax Shields, Share Valuation, Firm Valuation, Capital Structure

54.

A Quantum Leap in Asset Pricing: Explaining Anomalous Returns

Number of pages: 76 Posted: 31 Oct 2023 Last Revised: 27 Nov 2023
James W. Kolari, Jianhua Z. Huang, Wei Liu and Huiling Liao
Texas A&M University - Department of Finance, The Chinese University of Hong Kong, Texas A&M University - Department of Finance and University of Minnesota - Twin Cities - School of Public Health
Downloads 74 (552,475)

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asset pricing models, cross-sectional tests, mispricing error, ZCAPM

55.

Further Tests of the ZCAPM Asset Pricing Model

Number of pages: 51 Posted: 28 Sep 2022
James W. Kolari, Jianhua Z. Huang, Wei Liu and Huiling Liao
Texas A&M University - Department of Finance, The Chinese University of Hong Kong, Texas A&M University - Department of Finance and University of Minnesota - Minneapolis - School of Public Health
Downloads 66 (578,914)

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asset pricing, cross-sectional stock returns, CAPM, zero-beta CAPM, ZCAPM

56.

International Tests of the ZCAPM Asset Pricing Model

Journal of International Financial Markets, Institutions & Money, Forthcoming
Number of pages: 64 Posted: 03 Oct 2022
James W. Kolari, Jianhua Z. Huang, Hilal Anwar Butt and Huiling Liao
Texas A&M University - Department of Finance, The Chinese University of Hong Kong, University of Karachi - Institute of Business Administration (IBA), Karachi and University of Minnesota - Minneapolis - School of Public Health
Downloads 58 (612,562)

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International asset pricing, cross-sectional stock returns, return dispersion

57.

A Cross-Sectional Test for Missing Asset Pricing Factors

Number of pages: 56 Posted: 09 Sep 2022 Last Revised: 20 Sep 2023
James W. Kolari, Jianhua Z. Huang, Wei Liu and Huiling Liao
Texas A&M University - Department of Finance, The Chinese University of Hong Kong, Texas A&M University - Department of Finance and University of Minnesota - Minneapolis - School of Public Health
Downloads 56 (622,967)

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alpha, asset pricing, cross-sectional tests, mispricing error, ZCAPM

58.

Event Study Testing with Cross-Sectional Correlation of Abnormal Returns

Review of Financial Studies,Vol. 23, No. 11, pp. 3996-4025, 2010
Posted: 04 May 2011
James W. Kolari and Seppo Pynnonen
Texas A&M University - Department of Finance and University of Vaasa, Department of Mathematics and Statistics

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event studies, cross-correlation, abnormal returns, event-date clustering

59.

Computing and Testing a Stable Common Currency for Mercosur Countries

Journal of Applied Economics, Vol. 11, No. 1, pp. 193-220, May 2008
Posted: 17 Feb 2011 Last Revised: 20 Nov 2012
Ariel M. Viale, Nikolai V. Hovanov, Mikhail V. Sokolov and James W. Kolari
Florida Atlantic University, Saint Petersburg State University, Saint Petersburg State University and Texas A&M University - Department of Finance

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stable common currency, open monetary economies, regime switching models, Mercosur, currency basket

60.

Further Evidence on the Credit View: The Case of Finland

Posted: 20 Mar 2003
Ali Anari, James W. Kolari, Seppo Pynnonen and Antti Suvanto
Texas A&M University - Mays Business School, Texas A&M University - Department of Finance, University of Vaasa, Department of Mathematics and Statistics and Bank of Finland

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61.

The Wealth and Risk Effects of International Bond Ratings in Mexico

Journal of Emerging Markets, Vol. 4, No. 2, Summer 1999
Posted: 20 Dec 2001
Ali Anari and James W. Kolari
Texas A&M University - Mays Business School and Texas A&M University - Department of Finance

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62.

Nonmonetary Effects of the Financial Crisis in the Great Depression

Posted: 22 Aug 2001
Ali Anari and James W. Kolari
Texas A&M University - Mays Business School and Texas A&M University - Department of Finance

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Bank failure, economic output, Great Depression

63.

Estimating the Overall Financial Performance of Mexican Banks Using a New Method for Quantifying Subjective Information

Posted: 16 Apr 1998
Nikolai V. Hovanov and James W. Kolari
Saint Petersburg State University and Texas A&M University - Department of Finance

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