HR job title
- Professor
- Contact Info
- 1 979 845 4803
Kolari, James JP Morgan Chase Professor of Finance
My reasearch interests include banking, securities markets, asset pricing, and empirical models in finance.
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Overview
Publications
selected publications
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academic article
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Grobys, K., Han, Y., & Kolari, J. W.
(2023).
Better Not Forget: On the Memory of S&P 500 Survivor Stock Companies. Journal of Risk and Financial Management.
16(2), 126-126.
-
Kolari, J. W., & Shin, S.
(2023).
Momentum and reversal: information from prior returns. Applied Economics.
ahead-of-print(ahead-of-print), 1-19.
-
Kolari, J. W., Huang, J., Liu, W., & Liao, H.
(2022).
A Cross-Sectional Test for Missing Factors in Asset Pricing Models
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Kolari, J. W., Huang, J. Z., Liu, W., & Liao, H.
(2022).
Further Tests of the ZCAPM Asset Pricing Model. Journal of Risk and Financial Management.
15(3), 137-137.
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Grobys, K., Kolari, J. W., & Niang, J.
(2022).
Man versus machine: on artificial intelligence and hedge funds performance. Applied Economics.
54(40), 4632-4646.
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Kolari, J. W., Huang, J. Z., Butt, H. A., & Liao, H.
(2022).
International tests of the ZCAPM asset pricing model. Journal of International Financial Markets, Institutions and Money.
79, 101607-101607.
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Kolari, J. W., & Sanz, I.
(2022).
Forecasting Bank Capital Ratios Using the Prophet Model by Facebook
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Kolari, J. W., Pynnonen, S., & Tuncez, A. M.
(2022).
On Long-Run Stock Returns After Corporate Events. Critical Finance Review.
11(1), 117-167.
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Grobys, K., Kolari, J. W., & Rutanen, J.
(2022).
Factor momentum, option-implied volatility scaling, and investor sentiment. The Journal of Asset Management.
23(2), 138-155.
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Liu, W., & Kolari, J. W.
(2022).
Multifactor Market Indexes. Journal of Risk and Financial Management.
15(4), 155-155.
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Grobys, K., Dufitinema, J., Sapkota, N., & Kolari, J. W.
(2022).
What's the expected loss when Bitcoin is under cyberattack? A fractal process analysis. 77, 101534-101534.
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Grobys, K., & Kolari, J. W.
(2022).
Choosing factors: the international evidence. Applied Economics.
54(6), 633-647.
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Grobys, K., Junttila, J., Kolari, J. W., & Sapkota, N.
(2021).
On the stability of stablecoins. Journal of Empirical Finance.
64, 207-223.
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Kolari, J. W., Pynnonen, S., & Tuncez, A. M.
(2021).
Further evidence on long-run abnormal returns after corporate events. 81, 421-439.
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Badshah, I., Koerniadi, H., & Kolari, J.
(2021).
The Sarbanes-Oxley act and informed trading in the options market: Evidence from share repurchase announcements. International Review of Finance.
21(2), 645-652.
-
Grobys, K., & Kolari, J. W.
(2021).
On Survivor Stocks in the S&P 500 Stock Index
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Butt, H. A., Kolari, J. W., & Sadaqat, M.
(2021).
Revisiting momentum profits in emerging markets. Pacific-Basin Finance Journal.
65, 101486-101486.
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Kolari, J. W., Lopez-Iturriaga, F. J., & Pastor Sanz, I.
(2020).
Measuring systemic risk in the US Banking system. 91, 646-658.
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Grobys, K., & Kolari, J.
(2020).
ON INDUSTRY MOMENTUM STRATEGIES. Journal of Financial Research.
43(1), 95-119.
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Liu, W., Kolari, J. W., & Huang, J.
(2020).
Return Dispersion and the Cross-Section of Stock Returns
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Han, Y., Kolari, J. W., & Pynnonen, S.
(2020).
Dynamic Risk Adjustment in Long-Run Event Study Tests
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Badshah, I., Koerniadi, H., & Kolari, J.
(2019).
Testing the Information-Based Trading Hypothesis in the Option Market: Evidence from Share Repurchases. Journal of Risk and Financial Management.
12(4), 179-179.
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Knif, J., Kolari, J. W., Koutmos, G., & Pynnonen, S.
(2019).
Measuring the relative return contribution of risk factors. The Journal of Asset Management.
20(4), 263-272.
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Anari, A., & Kolari, J.
(2019).
The Fisher puzzle, real rate anomaly, and Wicksell effect. Journal of Empirical Finance.
52(3092298), 128-148.
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Liu, W., Kolari, J. W., & Huang, J.
(2019).
A New Investment Technology: The ZCAPM
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Liu, W., & Kolari, J. W.
(2019).
Multifactor Market Indexes
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Kolari, J. W., & Liu, W.
(2019).
Market Risk and the Momentum Mystery
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Kolari, J. W., Lopez-Iturriaga, F. J., & Pastor Sanz, I.
(2019).
Predicting European bank stress tests: Survival of the fittest. Global Finance Journal.
39(2796459), 44-57.
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Kolari, J. W., & Shin, S.
(2018).
Momentum and Reversal Dynamics
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Liu, W., Kolari, J. W., & Pynnonen, S.
(2018).
The CAPM Works Better for Average Daily Returns
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Kolari, J.
(2018).
Gross and net tax shield valuation. Managerial Finance.
44(7), 854-864.
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Dutta, A., Knif, J., Kolari, J. W., & Pynnonen, S.
(2018).
A robust and powerful test of abnormal stock returns in long-horizon event studies. Journal of Empirical Finance.
47, 1-24.
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Kolari, J. W., Pape, B., & Pynnonen, S.
(2018).
Event Study Testing with Cross-Sectional Correlation Due to Partially Overlapping Event Windows
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Grobys, K., Heinonen, J., & Kolari, J.
(2018).
Return dispersion risk in FX and global equity markets: Does it explain currency momentum?. International Review of Financial Analysis.
56, 264-280.
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Anari, A., & Kolari, J.
(2017).
Impacts of Monetary Policy Rates on Interest and Inflation Rates
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Kolari, J. W., & Pastor Sanz, I.
(2017).
Systemic risk measurement in banking using self-organizing maps. 18(4), 338-358.
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Liu, W., Kolari, J. W., & Huang, J. Z.
(2017).
Two Market Forces in Asset Prices
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Kolari, J. W., & Liu, W.
(2017).
Building Efficient Portfolios Sensitive to Market Volatility
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Anari, A., & Kolari, J.
(2016).
Dynamics of interest and inflation rates. Journal of Empirical Finance.
39(PA), 129-144.
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Grobys, K., Heinonen, J., & Kolari, J. W.
(2016).
Is Currency Momentum a Hedge for Global Economic Risk?
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Grobys, K., & Kolari, J. W.
(2016).
Return Dispersion and Investment Anomalies
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Kolari, J. W., Liu, W., & Pynnonen, S.
(2016).
CAPM: A Covariance Adjustment Approach for Estimating Market Beta
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Viale, A. M., Bessler, D. A., & Kolari, J. W.
(2014).
ON THE STRUCTURE OF FINANCIAL CONTAGION: ECONOMETRIC TESTS AND MERCOSUR EVIDENCE. 17(2), 373-400.
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Knif, J., Kolari, J., & Pynnnen, S.
(2014).
Market conditions and time varying conditional correlations. Applied Finance Letters.
3(1), 22-27.
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Liu, W., Kolari, J. W., Tippens, T. K., & Fraser, D. R.
(2013).
Did capital infusions enhance bank recovery from the great recession?. Journal of Banking and Finance.
37(12), 5048-5061.
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Velez-Pareja, I., Mejia-Pelaez, F., & Kolari, J. W.
(2013).
Blind Man's Bluff: On the Search of the Optimal Capital Structure
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Velez-Pareja, I., Mejia-Pelaez, F., & Kolari, J. W.
(2013).
El Juego De La Gallina Ciega: Buscando La Estructura ptima De Capital (Blind Man's Buff: On the Search of the Optimal Capital Structure) (Slides)
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Gulati, A. B., Kolari, J. W., & Knif, J.
(2013).
Exchange Rate Shocks and Firm Competitiveness in a Small, Export-Oriented Economy: The Case of Finland. Multinational Finance Journal.
17(1/2), 1-47.
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Bos, J., Kolari, J. W., & van Lamoen, R.
(2013).
Competition and innovation: Evidence from financial services. Journal of Banking and Finance.
37(5), 1590-1601.
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Gulati, A., Knif, J., & Kolari, J. W.
(2013).
Exchange Rate Shocks and Firm Competitiveness in a Small, Export-Oriented Economy: The Case of Finland. 17(1), 1-47.
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Kolari, J. W., & Velez-Pareja, I.
(2012).
Corporation Income Taxes and the Cost of Capital: A Revision. INNOVAR : Revista de Ciencias Administrativas y Sociales.
22(46), 53-71.
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Koetter, M., Kolari, J. W., & Spierdijk, L.
(2012).
ENJOYING THE QUIET LIFE UNDER DEREGULATION? EVIDENCE FROM ADJUSTED LERNER INDICES FOR U.S. BANKS. Review of Economics and Statistics.
94(2), 462-480.
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Armstrong, W. J., Knif, J., Kolari, J. W., & Pynnonen, S.
(2012).
Exchange risk and universal returns: A test of international arbitrage pricing theory. Pacific-Basin Finance Journal.
20(1), 24-40.
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Fraser, D. R., Kolari, J. W., Pynnnen, S., & Tippens, T. K.
(2011).
MARKET POWER, BANK MEGAMERGERS, AND THE WELFARE OF BANK BORROWERS. Journal of Financial Research.
34(4), 641-658.
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Kolari, J. W., & Pynnonen, S.
(2011).
Nonparametric rank tests for event studies. Journal of Empirical Finance.
18(5), 953-971.
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Mejia-Pelaez, F., Velez-Pareja, I., & Kolari, J. W.
(2011).
Estructura Optima de Capital Para Flujos de Caja Finitos (Optimal Capital Structure for Finite Cash Flows)
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Bessler, D. A., Kolari, J. W., & Maung, T. A.
(2011).
Dynamic linkages among equity markets: local versus basket currencies. Applied Economics.
43(14), 1703-1719.
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Mejia-Pelaez, F., Velez-Pareja, I., & Kolari, J. W.
(2011).
Optimal Capital Structure for Finite Cash Flows
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Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2011).
The problem of money as a measuring stick. 17(3), 23-27.
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Tham, J., Velez-Pareja, I., & Kolari, J. W.
(2010).
Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields
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Kolari, J. W., & Pynnonen, S.
(2010).
Event Study Testing with Cross-sectional Correlation of Abnormal Returns. The Review of Financial Studies.
23(11), 3996-4025.
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Tham, J., Velez-Pareja, I., & Kolari, J. W.
(2010).
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). 1(2), 15-19.
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Bos, J., Economidou, C., Koetter, M., & Kolari, J. W.
(2010).
Do all countries grow alike?. Journal of Development Economics.
91(1), 113-127.
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Bos, J., Koetter, M., Kolari, J. W., & Kool, C.
(2009).
Effects of heterogeneity on bank efficiency scores. European Journal of Operational Research.
195(1), 251-261.
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Viale, A. M., Kolari, J. W., & Fraser, D. R.
(2009).
Common risk factors in bank stocks. Journal of Banking and Finance.
33(3), 464-472.
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Knif, J., Kolari, J., Pynnonen, S., & Sullivan, C. J.
(2009).
Economics. CFA Digest.
39(1), 29-31.
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Knif, J., Kolari, J., & Pynnnen, S.
(2008).
STOCK MARKET REACTION TO GOOD AND BAD INFLATION NEWS. Journal of Financial Research.
31(2), 141-166.
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Viale, A. M., Kolari, J. W., Hovanov, N. V., & Sokolov, M. V.
(2008).
Computing and testing a stable common currency for Mercosur countries. Journal of Applied Economics.
11(1), 193-220.
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Yang, J., Su, X., & Kolari, J. W.
(2008).
Do Euro exchange rates follow a martingale? Some out-of-sample evidence. Journal of Banking and Finance.
32(5), 729-740.
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Hise, R. T., & Kolari, J. W.
(2008).
Foreign fluctuations. Marketing Management.
17(3), 46-50.
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Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2008).
Deriving weights from general pairwise comparison matrices. Mathematical Social Sciences.
55(2), 205-220.
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Kolari, J. W., Moorman, T. C., & Sorescu, S. M.
(2008).
Foreign exchange risk and the cross-section of stock returns. Journal of International Money and Finance: theoretical and empirical research in international economics and finance.
27(7), 1074-1097.
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Fields, L. P., Fraser, D. R., & Kolarl, J. W.
(2007).
Bidder returns in bancassurance mergers: Is there evidence of synergy?. Journal of Banking and Finance.
31(12), 3646-3662.
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Fields, L. P., Fraser, D. R., & Kolari, J. W.
(2007).
Is bancassurance a viable model for financial firms ?. Journal of Risk and Insurance.
74(4), 777-794.
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Koetter, M., Bos, J., Heid, F., Kolari, J. W., Kool, C., & Porath, D.
(2007).
Accounting for distress in bank mergers. Journal of Banking and Finance.
31(10), 3200-3217.
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Kolari, J. W., Moorman, T. C., & Sorescu, S. M.
(2007).
Foreign Exchange Risk and the Cross-Section of Stock Returns
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Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2007).
Synthetic money. International Review of Economics and Finance.
16(2), 161-168.
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Koetter, M., Bos, J., Heid, F., Kolari, J. W., Kool, C., & Porath, D.
(2005).
Accounting for Distress in Bank Mergers
-
Yang, J., Kolari *, J. W., & Zhu, G.
(2005).
European public real estate market integration. Applied Financial Economics.
15(13), 895-905.
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Anari, A., Kolari, J., & Mason, J.
(2005).
Bank asset liquidation and the propagation of the US Great Depression. Journal of Money, Credit and Banking.
37(4), 753-773.
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Bos, J., & Kolari, J. W.
(2005).
Large bank efficiency in Europe and the United States: Are there economic motivations for geographic expansion in financial services?. Journal of Business.
78(4), 1555-1592.
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Koetter, M., Bos, J., Heid, F., Kolari, J. W., & Porath, D.
(2005).
Accounting for Distress in Bank Mergers
-
Bos, J., Heid, F., Koetter, M., Kolari, J. W., & Kool, C.
(2005).
Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores
-
Bos, J., Heid, F., Koetter, M., Kolari, J. W., & Kool, C.
(2005).
Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores
-
Shin, G. H., & Kolari, J. W.
(2004).
Do some lenders have information advantages? Evidence from Japanese credit market data. Journal of Banking and Finance.
28(10), 2331-2351.
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Yang, J., Kolari, J. W., & Sutanto, P. W.
(2004).
On the stability of long-run relationships between emerging and US stock markets. Journal of Multinational Financial Management.
14(3), 233-248.
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Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2004).
Computing currency invariant indices with an application to minimum variance currency baskets. 28(8), 1481-1504.
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Shin, G. H., Fraser, D. R., & Kolari, J. W.
(2003).
How does banking industry consolidation affect bankfirm relationships? Evidence from a large Japanese bank merger. Pacific-Basin Finance Journal.
11(3), 285-304.
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Jagtiani, J., Kolari, J., Lemieux, C., & Shin, G. H.
(2003).
Early warning models for bank supervision: Simpler could be better. 49-60.
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Knif, J., Kolari, J. W., & Pynnonen, S.
(2003).
Inflation News and the Stock Market: Macroefficiency or Overreaction
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Yang, J., Kolari, J. W., & Min, I.
(2003).
Stock market integration and financial crises: the case of Asia. Applied Financial Economics.
13(7), 477-486.
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Kolari, J., Glennon, D., Shin, H., & Caputo, M.
(2002).
Predicting large US commercial bank failures. Journal of Economics and Business.
54(4), 361-387.
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Anari, A., & Kolari, J.
(2002).
House prices and inflation. Real Estate Economics.
30(1), 67-84.
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Anari, A., Kolari, J., Pynnnen, S., & Suvanto, A.
(2002).
Further evidence on the credit view: the case of Finland. Applied Economics.
34(3), 267-278.
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Anari, A., & Kolari, J.
(2001).
STOCK PRICES AND INFLATION. Journal of Financial Research.
24(4), 587-602.
-
Anari, A., & Kolari, J.
(1999).
Nonmonetary effects of the financial crisis in the Great Depression. Journal of Economics and Business.
51(3), 215-235.
-
Anari, A., & Kolari, J. W.
(1999).
The Wealth and Risk Effects of International Bond Ratings in Mexico. 4(2),
-
Kolari, J. W., Fraser, D. R., & Anari, A.
(1998).
The effects of securitization on mortgage market yields: A cointegration analysis. Real Estate Economics.
26(4), 677-693.
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Fraser, D. R., Hooton, J. L., Kolari, J. W., & Reising, J. J.
(1997).
The wealth effects of interstate branching. Journal of Banking and Finance.
21(5), 589-611.
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Gallo, J. G., Apilado, V. P., & Kolari, J. W.
(1996).
Commercial bank mutual fund activities: Implications for bank risk and profitability. Journal of Banking and Finance.
20(10), 1775-1791.
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Bierman, L., Fraser, D. R., & Kolari, J. W.
(1996).
The general agreement on tariffs and trade: World trade from a market perspective. UNIVERSITY OF PENNSYLVANIA JOURNAL OF INTERNATIONAL ECONOMIC LAW.
17(3), 821-850.
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Kolari, J., Caputo, M., & Wagner, D.
(1996).
Trait Recognition: An Alternative Approach to Early Warning Systems in Commercial Banking. Journal of Business Finance & Accounting.
23(9‐10), 1415-1434.
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Wagster, J., Kolari, J., & Cooper, K.
(1996).
MARKET REACTION TO NATIONAL DISCRETION IN IMPLEMENTING THE BASLE ACCORD. Journal of Financial Research.
19(3), 339-357.
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Wagster, J., Kolari, J., & Cooper, K.
(1996).
MARKET REACTION TO NATIONAL DISCRETION IN IMPLEMENTING THE BASLE ACCORD. 19(3), 339-357.
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Kolari, J. W.
(1996).
Commercial banking in Russia - Foreword. RUSSIAN AND EAST EUROPEAN FINANCE AND TRADE.
32(2), 3-4.
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Patokina, O. A., & Kolari, J. W.
(1996).
Joint-stock company Glinozem - A case study of privatization and valuation. RUSSIAN AND EAST EUROPEAN FINANCE AND TRADE.
32(4), 74-92.
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ZARDKOOHI, A., & KOLARI, J.
(1994).
Branch office economies of scale and scope: evidence from savings banks in Finland. Journal of Banking and Finance.
18(3), 421-432.
-
Kolari, J. W.
(1994).
Small Growth Firms, Venture Capital and Financial System Trends. Managerial Finance.
Volume 20(Issue 1), 65-74.
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KOLARI, J., ZARDKOOHI, A., SANTALAINEN, T., & SUVANTO, A.
(1992).
BRANCH BANK OPERATING COSTS - EVIDENCE FROM SAVINGS BANKS IN FINLAND. Applied Economics.
24(4), 401-410.
-
Kolari, J., & Zardkoohi, A.
(1991).
THE ELUSIVE TAX GAIN ON DEBT. Managerial Finance.
Volume 17(Issue 5), 22-25.
-
COOPER, K., KOLARI, J., & WAGSTER, J.
(1991).
A note on the stock market effects of the adoption of risk-based capital requirements on international banks in different countries. Journal of Banking and Finance.
15(2), 367-381.
-
FRASER, D. R., & KOLARI, J. W.
(1990).
THE 1982 DEPOSITORY INSTITUTIONS ACT AND SECURITY RETURNS IN THE SAVINGS AND LOAN INDUSTRY. Journal of Financial Research.
13(4), 339-347.
-
KOLARI, J., & ZARDKOOHI, A.
(1990).
ECONOMIES OF SCALE AND SCOPE IN THRIFT INSTITUTIONS - THE CASE OF FINNISH COOPERATIVE AND SAVINGS BANKS. SCANDINAVIAN JOURNAL OF ECONOMICS.
92(3), 437-451.
-
KOLARI, J.
(1990).
CORRECTION. Journal of Banking and Finance.
14(1), 227-227.
-
RANGAN, N., ZARDKOOHI, A., KOLARI, J., & FRASER, D.
(1989).
PRODUCTION COSTS FOR CONSOLIDATED MULTIBANK HOLDING COMPANIES COMPARED TO ONE-BANK ORGANIZATIONAL FORMS. Journal of Economics and Business.
41(4), 317-325.
-
KOLARI, J., MCINISH, T. H., & SANIGA, E. M.
(1989).
A note on the distribution types of financial ratios in the commercial banking industry. Journal of Banking and Finance.
13(3), 463-471.
-
FRASER, D. R., KOLARI, J. W., & USELTON, G. C.
(1988).
INTRAINDUSTRY RISK CHANGES IN THE ELECTRIC UTILITY INDUSTRY SINCE THREE-MILE-ISLAND. Journal of Business Research.
16(3), 225-234.
-
KOLARI, J., MAHAJAN, A., & SAUNDERS, E. M.
(1988).
The effect of changes in reserve requirements on bank stock prices. Journal of Banking and Finance.
12(2), 183-198.
-
KOLARI, J. W.
(1987).
AN ANALYTICAL MODEL OF RISKY YIELD CURVES. Journal of Financial Research.
10(4), 295-303.
-
MCDANIEL, S. W., & KOLARI, J. W.
(1987).
MARKETING STRATEGY IMPLICATIONS OF THE MILES AND SNOW STRATEGIC TYPOLOGY. Journal of Marketing.
51(4), 19-30.
-
McDaniel, S. W., & Kolari, J. W.
(1987).
Marketing Strategy Implications of the Miles and Snow Strategic Typology. Journal of Marketing.
51(4), 19-30.
-
ZARDKOOHI, A., RANGAN, N., & KOLARI, J.
(1986).
HOMOGENEITY RESTRICTIONS ON THE TRANSLOG COST MODEL - A NOTE. 41(5), 1153-1155.
-
Zardkoohi, A., Rangan, N., & Kolari, J.
(1986).
Homogeneity Restrictions on the Translog Cost Model: A Note [Scale Economies in Banking: A Restructuring and Reassessment]. 41(5),
-
KOLARI, J. W., ROSE, P. S., & VARADARAJAN, P. R.
(1986).
NOW-ACCOUNT STRATEGIES OF DEPOSITORY INSTITUTIONS - A RECENT SURVEY OF GOALS, PRICING POLICIES, COSTS, AND RETURNS IN NEW-ENGLAND. Journal of Business Research.
14(5), 441-457.
-
Uselton, G. C., Kolari, J. W., & Frase, D. R.
(1986).
LONG-TERM TRENDS IN THE RISKINESS OF ELECTRIC UTILITY SHARES. Journal of Business Finance & Accounting.
13(3), 453-459.
-
DiClemente, J. J., & Kolari, J.
(1986).
Wealth effect of geographical deregulation: the case of Illinois. 13-17.
-
KOLARI, J. W., & APILADO, V. P.
(1985).
THE CYCLICAL EFFECT OF DEFAULT RISK ON INDUSTRIAL BOND YIELDS. Journal of Economics and Business.
37(4), 311-325.
-
ROSE, P. S., & KOLARI, J. W.
(1985).
EARLY WARNING SYSTEMS AS A MONITORING DEVICE FOR BANK CONDITION. QUARTERLY JOURNAL OF BUSINESS AND ECONOMICS.
24(1), 43-60.
-
Kolari, J. W., Mahajan, A., & Saunders, E. M.
(1983).
THE IMPACT OF CHANGES IN FEDERAL RESERVE REQUIREMENTS ON BANK SECURITY RETURNS. Financial Review.
18(3), 35-35.
-
Rose, P. S., Kolari, J. W., & Riener, K.
(1982).
BANK HOLDING COMPANIES AND BRANCH BANKS: THE AUTHORITY AND CONTROL ISSUE. Financial Review.
17(2), 77-77.
-
Kolari, J. W., & Apilado, V. P.
(1982).
BOND RISK PREMIUMS, FINANCIAL DATA, AND THE EFFECT OF MARKET SEGMENTATION. Journal of Business Finance & Accounting.
9(2), 207-218.
-
Butt, H. A., Kolari, J. W., & Sadaqat, M.
Momentum, Market Volatility, and Reversal
-
Butt, H. A., Kolari, J. W., & Sadaqat, M.
Momentum, Market Volatility, and Reversal
-
Kolari, J., Berney, R., & Ou, C.
Small Business Lending and Bank Profitability. 5(1), 1-15.
-
Grobys, K., Han, Y., & Kolari, J. W.
(2023).
Better Not Forget: On the Memory of S&P 500 Survivor Stock Companies. Journal of Risk and Financial Management.
16(2), 126-126.
-
book
-
Kolari, J. W., & Pynnnen, S.
(2023).
Investment Valuation and Asset Pricing, Models and Methods. Springer Nature.
-
Kolari, J. W., Liu, W., & Huang, J. Z.
(2021).
A New Model of Capital Asset Prices, Theory and Evidence. Springer Nature.
-
Anari, A., & Kolari, J. W.
(2012).
Excel-Based Business Analysis, Forecasting Key Business Trends. Springer Nature.
-
Anari, A., & Kolari, J. W.
(2010).
Power of Profit: Business and Economic Analyses, Forecasting, and Stock Valuation. Springer Nature.
-
Gaspar, J., Bierman, L., Kolari, J., Hise, R., & Smith, L.
(2005).
Introduction to Business. Nelson Education.
-
Gup, B. E., & Kolari, J. W.
(2005).
Commercial Banking The Management of Risk. John Wiley & Sons Incorporated.
-
Fraser, D. R., & Gup, B. E.
(2001).
Commercial Banking The Management of Risk. Thomson South-Western.
-
Rose, .., & Kolari.
(1994).
Financial Institutions. Irwin Professional Publishing.
-
Rose, P. S., Kolari, J. W., & Fraser, D. R.
(1993).
Financial Institutions Understanding and Managing Financial Services. McGraw-Hill/Irwin.
-
Gup, B. E., Fraser, D. R., & Kolari, J. W.
(1989).
Commercial Bank Management. JOhn Wiley & Sons.
-
Berger, A. N., Kolari, J., & Zardkoohi, A.
(1988).
Bank Costs, Structure, and Performance. Ed. 20.
JSTOR.
-
Fraser, D. R., & Kolari, J. W.
(1985).
The Future of Small Banks in a Deregulated Environment
-
Kolari, J. W., & Pynnnen, S.
(2023).
Investment Valuation and Asset Pricing, Models and Methods. Springer Nature.
-
chapter
-
Bikker, J., Spierdijk, L., Bos, J., Chan, Y. L., Kolari, J. W., & Yuan, J.
(2017).
Chapter 5: Competition, concentration and critical mass: why the HerfindahlHirschman Index is a biased competition measure. Handbook of Competition in Banking and Finance.
Edward Elgar Publishing.
-
Bos, J., & Kolari, J. W.
(2013).
Optimal size in banking. Efficiency and Productivity Growth.
(pp. 77-94).
Wiley.
-
Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2010).
TITLE MEASUREMENT PROBLEMS IN GLOBAL FINANCIAL REPORTING: THE NEED FOR A STABLE COMPOSITE CURRENCY. INTERNATIONAL ACCOUNTING IN THE 21ST CENTURY.
(pp. 179-194).
-
Anari, A., & Kolari, J. W.
(2010).
A Macroeconomic Profit System Model of Advanced Market Economies. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 29-80).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
A Profit System Model of Stock Market Valuation. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 119-135).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
A Profit System Model of the Firm for Business Analysis and Stock Valuation. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 137-154).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
Profit System Models for Industries. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 95-117).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
Profit System Models of the Corporate Sector. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 81-94).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
Profit System Models of the Firm, Industry, and Business Sector. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 5-28).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
The Power of Profit Business and Economic Analyses, Forecasting, and Stock Valuation Concluding Remarks. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 155-157).
Springer US.
-
Anari, A., & Kolari, J. W.
(2010).
The Role of Profit in Advanced Market Economies. POWER OF PROFIT: BUSINESS AND ECONOMIC ANALYSES, FORECASTING, AND STOCK VALUATION.
(pp. 1-+).
Springer US.
-
Hovanov, N. V., Kolari, J., & Sokolov, M. V.
(2008).
Measurement Problems in Global Financial Reporting: The Need for a Stable Composite Currency. Beridze, L. (Eds.),
Economics of Emerging Markets.
(pp. 9-24).
Nova Publishers.
-
Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2008).
Measurement problems in global financial reporting: The need for a stable composite currency. Economics of Emerging Markets.
(pp. 9-24).
-
Hovanov, N. V., Kolari, J. W., & Sokolov, M. V.
(2005).
Synthetic Money. De Gijsel, P., & Schenk, H. (Eds.),
Multidisciplinary Economics.
(pp. 293-303).
Springer Nature.
-
Bikker, J., Spierdijk, L., Bos, J., Chan, Y. L., Kolari, J. W., & Yuan, J.
(2017).
Chapter 5: Competition, concentration and critical mass: why the HerfindahlHirschman Index is a biased competition measure. Handbook of Competition in Banking and Finance.
Edward Elgar Publishing.
-
conference paper
-
Hovanov, N. V., & Kolari, J. W.
(1998).
Estimating the overall financial performance of Mexican banks using a new method for quantifying subjective information. PROCEEDINGS OF THE IEEE/IAFE/INFORMS 1998 CONFERENCE ON COMPUTATIONAL INTELLIGENCE FOR FINANCIAL ENGINEERING (CIFER).
98-122.
-
KOLARI, J., CAPUTO, M., & WAGNER, D.
(1994).
A PATTERN RECOGNITION APPROACH TO EARLY WARNING SYSTEMS IN COMMERCIAL BANKING. 1309-1350.
-
Hovanov, N. V., & Kolari, J. W.
(1998).
Estimating the overall financial performance of Mexican banks using a new method for quantifying subjective information. PROCEEDINGS OF THE IEEE/IAFE/INFORMS 1998 CONFERENCE ON COMPUTATIONAL INTELLIGENCE FOR FINANCIAL ENGINEERING (CIFER).
98-122.
-
institutional repository document
-
Kolari, J. W., Huang, J., Liu, W., & Liao, H.
(2022).
Further Tests of the ZCAPM Asset Pricing Model
-
Kolari, J. W., Huang, J., Butt, H. A., & Liao, H.
(2022).
International Tests of the ZCAPM Asset Pricing Model
-
Grobys, K., & Kolari, J. W.
(2021).
On Survivor Stocks in the S&P 500 Stock Index
-
Grobys, K., Junttila, J., Kolari, J. W., & Sapkota, N.
(2021).
On the Stability of Stablecoins
-
Han, Y., Kolari, J. W., & Pynnonen, S.
(2020).
Dynamic Risk Adjustment in Long-Run Event Study Tests
-
Butt, H. A., Kolari, J. W., & Sadaqat, M.
(2020).
Revisiting Momentum Profits in Emerging Markets
-
Liu, W., Kolari, J. W., & Pynnonen, S.
(2018).
CAPM Beta Lives for Expected Returns
-
Kolari, J. W., Pape, B., & Pynnonen, S.
(2018).
Event Study Testing with Cross-Sectional Correlation Due to Partially Overlapping Event Windows
-
Kolari, J. W., Pynnonen, S., & Tuncez, A. M.
(2018).
Further Evidence on Long-Run Abnormal Returns after Corporate Events using Standardized Tests
-
Kolari, J. W., & Liu, W.
(2018).
Market Risk and the Momentum Mystery
-
Kolari, J. W., Lpez-Iturriaga, F. J., & Sanz, I.
(2018).
Measuring Systemic Risk in the U.S. Banking System
-
Kolari, J. W., & Shin, S.
(2018).
Momentum and Reversal Dynamics
-
Liu, W., Kolari, J. W., & Huang, J.
(2018).
Return Dispersion and the Cross-Section of Stock Returns
-
Liu, W., Kolari, J. W., & Huang, J.
(2017).
Building Efficient Portfolios Sensitive to Return Dispersion
-
Kolari, J. W.
(2017).
Gross and Net Tax Shield Valuation
-
Anari, A., & Kolari, J. W.
(2017).
Impacts of Monetary Policy Rates on Interest and Inflation Rates
-
Liu, W., & Kolari, J. W.
(2017).
Multifactor Market Indexes
-
Anari, A., & Kolari, J. W.
(2017).
The Fisher Puzzle, Real Rate Anomaly, and Wicksell Effect
-
Liu, W., Kolari, J. W., & Huang, J.
(2016).
A New Investment Technology: The ZCAPM
-
Kolari, J. W., Liu, W., & Pynnonen, S.
(2016).
CAPM: A Covariance Adjustment Approach for Estimating Market Beta
-
Anari, A., & Kolari, J. W.
(2016).
Dynamics of Interest and Inflation Rates
-
Kolari, J. W., Lpez-Iturriaga, F. J., & Sanz, I.
(2016).
Predicting European Bank Stress Tests: Survival of the Fittest
-
Badshah, I., Koerniadi, H., & Kolari, J. W.
(2016).
Testing the Information-Based Trading Hypothesis in the Option Market: Evidence from Share Repurchases
-
Grobys, K., Heinonen, J., & Kolari, J. W.
(2015).
Is Currency Momentum a Hedge for Global Economic Risk?
-
Kolari, J. W., Pynnonen, S., & Tuncez, A. M.
(2015).
On Long-Run Stock Returns after Corporate Events
-
Grobys, K., & Kolari, J. W.
(2015).
Return Dispersion and Investment Anomalies
-
Kolari, J. W., & Sanz, I.
(2014).
Systemic Risk Measurement in Banking Using Self-Organizing Maps
-
Dutta, A., Knif, J., Kolari, J. W., & Pynnonen, S.
(2013).
A Robust and Powerful Test of Abnormal Stock Returns in Long-Horizon Event Studies
-
Liu, W., Kolari, J. W., & Huang, J. Z.
(2012).
A New Asset Pricing Model Based on the Zero-Beta CAPM: The ZCAPM
-
Velez-Pareja, I., Mejia-Pelaez, F., & Kolari, J. W.
(2012).
Blind Man's Bluff: On the Search of the Optimal Capital Structure
-
Velez-Pareja, I., Mejia-Pelaez, F., & Kolari, J. W.
(2012).
El Juego De La Gallina Ciega: Buscando La Estructura ptima De Capital (Blind Man's Buff: On the Search of the Optimal Capital Structure) (Slides)
-
Koetter, M., Kolari, J. W., & Spierdijk, L.
(2012).
Enjoying the Quiet Life Under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks
-
Liu, W., Kolari, J. W., & Huang, J.
(2012).
Two Market Forces in Asset Prices
-
Liu, W., Kolari, J. W., Tippens, T. K., & Fraser, D. R.
(2011).
Did Capital Infusions Enhance Bank Recovery from the Great Recession?
-
Mejia-Pelaez, F., Velez-Pareja, I., & Kolari, J. W.
(2011).
Estructura Optima de Capital Para Flujos de Caja Finitos (Optimal Capital Structure for Finite Cash Flows)
-
Gulati, A., Knif, J., & Kolari, J. W.
(2011).
Exchange Rate Shocks and Firm Competitiveness in a Small, Export-Oriented Economy: The Case of Finland
-
Mejia-Pelaez, F., Velez-Pareja, I., & Kolari, J. W.
(2011).
Optimal Capital Structure for Finite Cash Flows
-
Tham, J., Velez-Pareja, I., & Kolari, J. W.
(2010).
Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields
-
Tham, J., Velez-Pareja, I., & Kolari, J. W.
(2010).
Analytical Solution for Optimal Capital Structure in Perpetuities
-
Kolari, J. W., & Velez-Pareja, I.
(2010).
Corporation Income Taxes and the Cost of Capital: A Revision
-
Tham, J., Velez-Pareja, I., & Kolari, J. W.
(2010).
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)
-
Kolari, J. W., & Pynnonen, S.
(2010).
Nonparametric Rank Tests for Event Studies
-
Kolari, J. W., & Shin, G. H.
(2007).
Assessing the Profitability and Riskiness of Small Business Lenders in the Banking Industry
-
Kolari, J. W.
(2007).
Common Risk Factors in Bank Stocks
-
Bos, J., Koetter, M., Economidou, C., & Kolari, J. W.
(2007).
Do Technology and Efficiency Differences Determine Productivity?
-
Kolari, J. W., Moorman, T. C., & Sorescu, S. M.
(2007).
Foreign Exchange Risk and the Cross-Section of Stock Returns
-
Koetter, M., Bos, J., Heid, F., Kolari, J. W., Kool, C., & Porath, D.
(2005).
Accounting for Distress in Bank Mergers
-
Koetter, M., Bos, J., Heid, F., Kolari, J. W., & Porath, D.
(2005).
Accounting for Distress in Bank Mergers
-
Bos, J., Heid, F., Koetter, M., Kolari, J. W., & Kool, C.
(2005).
Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores
-
Bos, J., Heid, F., Koetter, M., Kolari, J. W., & Kool, C.
(2005).
Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores
-
Knif, J., Kolari, J. W., & Pynnonen, S.
(2003).
Inflation News and the Stock Market: Macroefficiency or Overreaction
-
Yang, J., Kolari, J. W., & Min, I.
(2003).
Stock Market Integration and Financial Crises: The Case of Asia
-
Mason, J. R., Kolari, J. W., & Anari, A.
(2002).
Bank Asset Liquidation and the Propagation of the U.S. Great Depression
-
Kolari, J. W., Huang, J., Liu, W., & Liao, H.
The Alpha Factor
-
Kolari, J. W., Huang, J., Liu, W., & Liao, H.
(2022).
Further Tests of the ZCAPM Asset Pricing Model
Teaching
teaching activities
- FINC381 Money & Captl Mrkts Instructor
- FINC462 Commercial Bank Mgmt Instructor
- FINC484 Finance Internship:in-absentia Instructor
- FINC485 Directed Studies Instructor
- FINC489 Sptp: Commercial Credit Instructor
- FINC642 Anly Money&cap Market Instructor
- FINC643 Commercial Bank Mgmt Instructor
- FINC684 Professional Internship Instructor
- FINC684 Professional Internship: In-ab Instructor
- FINC685 Directed Studies Instructor
- FINC689 Sptp:commercial Credit Anlys Instructor
Works By Students
chaired theses and dissertations
-
Liu, Wei (2013-05). A New Asset Pricing Model based on the Zero-Beta CAPM: Theory and Evidence.
-
Moorman, Theodore Clark (2005-08). Corporate governance and long-term stock returns.
-
Viale, Ariel Marcelo (2007-09). Common risk factors in bank stocks.
Background
education and training
- Ph.D. in Finance and Statistics, Arizona State University - (Tempe, Arizona, United States) 1980
- M.B.A. in Finance and Statistics, Western Illinois University - (Macomb, Michigan, United States) 1976
- B.S. in Biology and Chemistry, Western Illinois University - (Macomb, Michigan, United States) 1973
awards and honors
- Best Paper in Investments, conferred by Financial Management Association International - (Tampa, Florida, United States), 2012
- JP Morgan Chase Professor of Finance, conferred by Texas A&M University - (College Station, Texas, United States), 1994
- Fulbright Scholar, conferred by University of Helsinki - (Helsinki, Finland), 1986
- Consultant, conferred by American Bankers Association - (Washington D.C., District of Columbia, United States), 1985
Contact
first name
- James
has last name
- Kolari
mailing address
-
3204 Westchester Ave.
Finance
3204 Westchester Ave.
College Station, Texas 77845
USA
Other
- j-kolari@tamu.edu