Ole Miss Business | University of Mississippi

About Us

The goals of the Department of Finance are to prepare bachelor's, master's, and doctoral students for successful professional careers in all areas of finance, and to advance the frontiers of financial knowledge through impactful and highly respected published research.

Undergraduate students are served with four majors: Banking and Finance, Managerial Finance, Risk Management and Insurance, and Real Estate. Students develop analytic and decision making skills while engaging in practical real world applications so they are well prepared to pursue their professional goals in the world of finance.

The faculty of the Department of Finance includes nationally prominent scholars and experts, who make outstanding contributions to financial knowledge and practice through cutting-edge research and other valuable service to the profession. Their research over the last five years has been published in the following highly respected academic journals:

Howe, J. S. & O'Brien, S. (2017).  CEO Compensation Practices Around Spinoffs.  Advances in Financial Economics, 19, 167-208.

Balasubramanian, B., Fuller, K. P., & Steigner, T. (2016).  Changes in Information Environment and Merger Announcements.  American Journal of Business, 31 (3).

Walker, M. M. (2014).  The Process Does Work.  Business Appraisal Practice, 3.

Box, T., Davis, R. L., & Fuller, K. P. (in press, 2018).  ETF Competition and Market Quality.  Financial Management.  

Egginton, J., Van Ness, B., & Van Ness, R. (2016).  Quote stuffing.  Financial Management, 45 (3), 583-608.  

Hill, M., Kelly, W., Lockhart, B., & Van Ness, R. A. (2013).  Determinants and Effects of Corporate Lobbying.   Financial Management, 42 (4), 931-957.

Che, X., Liebenberg, A., Liebenberg, I., & Powell, L. (2017).  Decomposing the Diversification Effect in the U.S. Property-Liability Insurance Industry.  Insurance Markets and Companies: Analyses and Actuarial Computations, 8, 16-26.

Haggard, K. S., Howe, J. S., & Lynch, A. (2015).  Do Baths Muddy the Waters or Clear the Air?  Journal of Accounting and Economics, 59, 105-117.  

Jurich, S. N. & Walker, M. M. (2018).  Bargaining Power in the Presence of Financial Market Constraints.  Journal of Accounting and Finance, 18 (1), 10-22.

Cole, B., Daigle, J., & Van Ness, B. (2015).  Do tweets matter for shareholders: An empirical analysis.  Journal of Accounting and Finance, 15 (3), 39-52.

Hoyt, R. E. & Liebenberg, A. P. (2015).  Evidence of the Value of Enterprise Risk Management.  Journal of Applied Corporate Finance, 27 (1), 41-47.

Che, X. & Liebenberg, A. P. (2017).  Effects of Business Diversification on Asset Risk-Taking: Evidence from the U.S. Property-Liability Insurance Industry.  Journal of Banking and Finance, 77, 122-136.  

David, R., Roseman, B., Van Ness, B. F., & Van Ness, R. A. (2017).  Canary in a Cole Mine? One Share Orders and Trades.  Journal of Banking and Finance, 75, 109-117.  

Johnson, H., Van Ness, B. F., & Van Ness, R. A. (2017).  Are all odd-lots the same? Odd-lot transactions by order submission and trader type.  Journal of Banking and Finance, 79, 1-11.  

Davis, R., Roseman, B., Van Ness, B. F., & Van Ness, R. A. (2016).  1-share orders and trades.  Journal of Banking and Finance, 75, 109-117.  

Lynch, A., Puckett, A., & Yan, S. (2014).  Institutions and the Turn-of-the-Year Effect: Evidence from Actual Institutional Trades.  Journal of Banking and Finance, 49, 56-68.  

Balasubramnian, B. & Cyree, K. B. (2014).  Has market discipline on banks improved after the Dodd-Frank Act?  Journal of Banking and Finance, 41, 155-166.  

Fuller, K. P., Yildiz, S., & Uymaz, Y. (2018).  Credit Default Swaps and Firms' Financing Policies.  Journal of Corporate Finance, 48.  

Allen, K. D., Cyree, K. B., Whitledge, M. D., & Winters, D. B. (in press, 2018).  An Event Study Analysis of Too-Big-to-Fail after the Dodd-Frank Act: Who is Too Big to Fail?  Journal of Economics and Business.

Cyree, K. & Morris, B. C. (2018).  The Effects of Income and Population on Single-County Bank Performance.  Journal of Economics and Finance, 42 (1), 174-190.

Fuller, K. P., Egginton, J., & Morris, B. (in press, 2018).  Return and Liquidity Response to Fraud and SEC Investigations.  Journal of Economics and Finance.

Yildiz, S., Van Ness, B. F., & Van Ness, R. A. (2017).  The role of HFTs in order flow toxicity and stock price variance, and predicting changes in HFTs' liquidity provision.  Journal of Economics and Finance, 41 (4), 739-762.

Battalio, R., Shkilko, A., & Van Ness, R. A. (2016).  To Pay or be Paid? The Impact of Taker Fees and Order Flow Inducements on Trading Costs in U.S. Options Markets.  Journal of Financial and Quantitative Analysis, 51, 1637-1662.  

Upson, J. & Van Ness, R. A. (2017).  Algorithmic Trading, and Market Liquidity.  Journal of Financial Markets, 32, 28-48.  

Lynch, A., Nikolic, B., & Yan, S. (2014).  Aggregate Short Selling, Commonality, and Stock Market Returns.  Journal of Financial Markets, 17, 119-229.  

Haggard, K. S., Howe, J. S., & Lynch, A. (2017).  The Effects of Big Baths on Bank Opacity.  Journal of Financial Research, 40 (4), 433-454.  

Bick, P., Crook, M. D., Lynch, A., & Walkup, B. R. (2017).  Does Distance Matter in Mergers and Acquisitions?  Journal of Financial Research, 40 (1), 33-54.  

Cyree, K. B., Griffiths, M. D., & Winters, D. B. (2016).  U.S. Bank Lending Activity in the Post-Crisis World.  Journal of Financial Research, 39 (4), 389-410.  

Cyree, K. (2016).  The Effects of Regulatory Compliance for Small Banks around Crisis-Based Regulation.  Journal of Financial Research, 39 (3), 215-245.  

Van Ness, B. F., Van Ness, R. A., & Watson, E. (2015).  Cancelling liquidity.  Journal of Financial Research, 38 (1), 3-33.  

Blau, B., Fuller, K., & Wade, C. (2015).  Short Selling and Price Pressure Around Merger Announcements.  Journal of Financial Services Research.

Morris, B. C., Fier, S. G., & Liebenberg, A. P. (2017).  The Effects of Diversification Relatedness on Firm Performance.  Journal of Insurance Issues.  

Morris, B. C., Fier, S. G., & Liebenberg, A. P. (2017).  Effects of Diversification Strategy on Firm Performance.  Journal of Insurance Issues, 40, 125-158.  

Altuntas, M., Liebenberg, A. P., Watson, E., & Yildiz, S. (2017).  Hedging, Cash Flows, and Firm Value: Evidence of an Indirect Effect.  Journal of Insurance Issues, 40, 1-22.  

Carson, J. M., Dumm, R. E., Halek, M., & Liebenberg, A. P. (2017).  What Factors Portend Changes in Household Relative Risk Aversion?  Journal of Insurance Issues.  

Fier, S. G. & Pooser, D. M. (2016).  Advertising Effectiveness for Financial Services Firms: Evidence from the Life Insurance Industry.  Journal of Insurance Issues, 39 (2), 137-168.  

Carson, J. M., Cole, C. R., & Fier, S. G. (2016).  Name Changes and Future Growth: Evidence from the Life Insurance Industry.  Journal of Insurance Issues, 39 (1), 1-37.  

Fier, S. G. & Carson, J. M. (2015).  Catastrophes and the Demand for Life Insurance.  Journal of Insurance Issues, 38 (2), 125-156.  

Fier, S. G., Gatzlaff, K. M., & Pooser, D. M. (2014).  The State of the National Flood Insurance Program: Treading Water or Sinking Fast?  Journal of Insurance Regulation, 33, 115-144.

Danielson, B., Harrison, D., Van Ness, R. A., & Warr, R. S. (2014).  Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts.  Journal of Real Estate Research, 36 (2), 221-251.  

Agrawal, A., Cooper, T., Lian, Q., & Wang, Q. (2013).  Common Advisors in Mergers and Acquisitions: Determinants and Consequences.   Journal of Law and Economics, 56 (3), 691-740, doi: DOI: 10.1086/673322.

Danielson, B., Harrison, D., Van Ness, R. A., & Warr, R. S. (2014).  Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts.   Journal of Real Estate Research, 36 (2), 221-251.

Wade, C., Liebenberg, A. P., & Blau, B. M. (2016).  Information and Insurer Financial Strength Ratings: Do Short Sellers Anticipate Ratings Changes?  Journal of Risk and Insurance, 83 (2), 475-500.  

Cole, C. R., Fier, S. G., Carson, J. M., & Andrews, D. (2015).  The Impact of Insurer Name Changes on the Demand for Insurance.  Journal of Risk and Insurance, 82 (1), 173-204.  

Lin, Z., Van ness, B. F., & Van Ness, R. A. (in press, 2018).  Canceled orders and hidden orders.  Journal of Trading.

Griffith, T., Van Ness, B., & Van Ness, R. A. (2017).  High-frequency trading patterns around short-term volatility spikes.  Journal of Trading, 12 (3), 48-68.

Che, X., Van Ness, B. F., & Van Ness, R. A. (2016).  The market for small-cap stocks (NYSE MKT).  Journal of Trading, 11 (1), 81-95.

Jurich, S. N. & Walker, M. M. (in press, 2018).  What Drives Merger Outcomes?  North American Journal of Economics and Finance.

Crook, M., Bick, P., Lynch, A., & Walkup, B. (2017).  The Effects of Distance on Rural and Urban Acqusitions.  Managerial Finance, 43 (11), 1292-1308.

Roseman, B., Van Ness, B., & Van Ness, R. (in press, 2018).  Odd-lot trading in U.S. equities.  Quarterly Review of Economics and Finance.

Che, X., Liebenberg, A., Liebenberg, I., & Morris, B. (in press, 2018).  The effect of growth opportunities on the market reaction to dividend cuts: Evidence from the 2008 financial crisis.  Review of Quantitative Finance and Accounting.  

Che, X., Liebenberg, A. P., Liebenberg, I. A., & Morris, B. C. (2017).  The effect of growth opportunities on the market reaction to dividend cuts: Evidence from the 2008 financial crisis.  Review of Quantitative Finance and Accounting.  

Egginton, J., Van Ness, B. F., & Van Ness, R. A. (2016).  Dealers and changing obligations: The case of stub quoting.  Review of Quantitative Finance and Accounting, 47 (4), 919-941.  

Cyree, K. B., Griffiths, M. D., & Winters, D. B. (in press, 2016).  Implications of a TAF Program Stigma for Lenders: The Case of Publicly Traded Banks versus Privately Held Banks.  Review of Quantitative Finance and Accounting.  

Hill, M., Kelly, W., Fuller, K., & Washam, J. (2014).  Corporate Cash Holdings and Political Connections.  Review of Quantitative Finance and Accounting.  

Fier, S. G., Liebenberg, A. P., & Liebenberg, I. A. (2017).  Insurer Growth Strategies.  Risk Management and Insurance Review.  

Fier, S. G., Liebenberg, A. P., & Liebenberg, I. A. (2017).  Insurer Growth Strategies.  Risk Management and Insurance Review, 20, 309-337.  

Fier, S. G., Liebenberg, A. P., & Liebenberg, I. A. (2017).  Insurer Growth Strategies.  Risk Management and Insurance Review, 20, 309-337.  

Fier, S. G., McCullough, K. A., Gabel, J. T., & Mansfield, N. R. (2015).  Probability Updating and the Market for Directors' and Officers' Insurance.  Risk Management and Insurance Review, 18 (1), 55-75.  

Fier, S. G. & Liebenberg, A. P. (2014).  The Market for Directors' and Officers' Insurance.  Risk Management and Insurance Review, 17 (2), 215-239.  

Fier, S. G. & Liebenberg, A. P. (2014).  The Directors' and Officers' Insurance Market.  Risk Management and Insurance Review, 17 (2), 215-239.  

Davis, R. L., Van Ness, B. F., & Van Ness, R. A. (2014).  Clustering of high frequency and non-high frequency trades.  The Financial Review, 49 (2), 421-433.  

Garate Alvarez, S. & Pennington-Cross, A. (2014).  Measuring the Impact of Agglomeration on Productivity: Evidence from Chilean Retailers.  Urban Studies, 51(8), pp.1653-1671.