Areas of Expertise
Teaching Interests: Business Finance, Corporate Finance, Financial Management, Money and Capital Markets, Financial Institutions and Markets, International Finance
Research Interests: Corporate Control and Governance, Corporate Fraud, Security Analyst Behavior, Market Efficiency, Corporate Finance, Venture Capital and Private Equity Funds, Hedge funds
Contributions: (published works or studies, conference presentations)
·
Stephen, S. A.
and V. Apilado, 2013. “The Sarbanes-Oxley Act, Security Analyst Monitoring
Activity, and Firm Value”, Journal of Applied
Business and Economics, 14(1),
Forthcoming.
·
Stephen, S. A.
and V. Apilado, 2012. “Financial Analysts' Performance post Sarbanes-Oxley”,
Journal of Accounting and Finance, 12(2), Forthcoming.
·
Stephen, S. A.
and P. J. de Jong, 2012. “The Impact of
the Sarbanes-Oxley Act (SOX) on the Cost of Equity Capital of S&P Firms”, Journal of Applied Business and Economics, 13(2): 102-115.
·
De Jong, P. J. and S. A. Stephen, 2010. “Market Value, Intangibles,
and Security Analysts: A Stochastic Frontier Analysis”, 2010. Independent
Business Review, 3(1):
84-94.
RESEARCH PRESENTATIONS
1. “Financial Analysts’
Performance Post Sarbanes-Oxley”, with Vince Apilado
· Presented at the 2011 Southern Finance Association conference,
Key West, FL
2. “The Sarbanes-Oxley Act,
Firm Size, and the Cost of Equity Capital”, with Pieter de Jong
· Presented at the 2010 Eastern Finance Association conference,
Miami, FL
3. “The Impact of
the Sarbanes-Oxley Act on Security Analysts’ Performance”, with Vince Apilado
· Presented at the 2008 Financial Management Association
conference, Grapevine, TX
4. “Stock Split
Announcements, Split Ratios and the Existence of Options Markets”, with Salil Sarkar
· Presented at the 2006 Academy of Economics and Finance
conference, Houston, TX
OTHER CONFERENCE PARTICIPATION
· Discussant, 2012 Southern Finance Association Annual
Meeting, Charleston, SC
· Discussant, 2011 Southern Finance Association Annual
Meeting, Key West, FL
· Discussant, 2010 Financial Management Association
Annual Meeting, New York, NY
· Discussant, 2010 Eastern Finance Association Annual
Meeting, Miami, FL
· Discussant, 2008 Financial Management Association
Annual Meeting, Grapevine, TX
· Discussant, 2006 Financial Management Association
Annual Meeting, Salt Lake City, UT
· Discussant, 2005 Financial Management Association
Annual Meeting, Chicago, IL
PAPERS UNDER REVIEW
·
“Enhancing The Learning Experience In Finance Using
Online Video Clips”, 2012. Journal of Financial Education. (Sole
Author)
WORKING PAPERS
· “Stock Splits and Options: The Impact on Market Efficiency”, 2011. With Salil K. Sarkar.
· “Effects of Interest on Reserve
Deposits on Bank Lending”, 2012. With Isaac Marcelin.
·
“Bank Liquidity and Interest on Reserve Deposits”, 2012. With Isaac Marcelin.
·
“The Financial Crisis and the Impact
on Developing Countries: The Caribbean Perspective”, 2010. (Sole Author)
Butler Assignment (classes or work duties)
I teach Corporate Finance (FN 340), Financial Institutions and Markets (FN 371 and MBA 561), and Financial Management (MBA 530).
Personal Hobbies
I enjoy reading, traveling and watching sports.