Dr. John Doukas
Selected Publications


Security Analysis, Agency Costs and Company Characteristics


We appraise the monitoring activity of security analysis from the perspective of the manager–shareholder conflict. Using a data set of more than 7,000 company-year observations for manufacturing companies tracked by [...]


FINANCIAL ANALYSTS JOURNAL, 56, 6, November/December 2000, 54-63 (C. Kim and C.Pantzalis, co-authors)



Common Stock Returns and International Listing Announcements: Conditional Tests of the Mild Segmentation Hypothesis


Recent theoretical work on mild segmentation suggests that tests of dual listing should be conducted as joint tests: a) a test of changes in market integration that may affect asset returns through investors portfolio reallocations [...]


JOURNAL OF BANKING & FINANCE,24, 2000,471-502 (L. Switzer, co-author)



Intangible Assets and the Network Structure of MNC's


This paper examines the nature of the relationship between corporate intangible assets and the multinational network structure of the firm. Specifically, the question addressed in this paper is whether the nature [...]


JOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, 10, 1, Spring 1999,1-23 (C. Pantzalis and S. Kim, co-authors)



A Multifactor Asset Pricing Analysis of International Value Investment Strategies


Using a large international equity market database that has not been previously used for such a purpose, this paper documents that value (i.e., high book-to-market ) stocks outperform growth (i.e., low book-to-market ) stocks, [...]


JOURNAL OF PORTFOLIO MANAGEMENT, 24, 4, Summer 1998,10-23 (B.Arshanapalli and D. Coggin, co-authors)



The Pricing of Currency Risk in Japan


Previous work on the pricing of exchange-rate risk has primarily focused on US ®rms and, surprisingly, found stock returns were not signi®cantly a€ected by exchange-rate [...]


JOURNAL OF BANKING AND FINANCE,1999, 23.1 (P. Hall and L. Lang, co-authors)



Common Volatility in the Industrial Structure of Global Capital Markets


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JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 16,2, April 1997,189- 209 (B. Arshanapalli and L. Lang, co-authors)



Overinvestment, Tobin's Q and Gains from Foreign Acquisitions


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JOURNAL OF BANKING & FINANCE, 19, October 1995, 1285-1303



The Effect of Corporate Multinationalism on Shareholders' Wealth: Evidence from International Acquisitions


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JOURNAL OF FINANCE, 43, December 1988,1161-1175 (N. Travlos, co-author)