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SDSU Corporate Governance Researchers

Lori Verstegen Ryan

Director, SDSU Corporate Governance Institute

Lori.Ryan@sdsu.edu

Lori Ryan's research focuses primarily on the intersection of ethics and corporate governance, with a special emphasis on the roles, characteristics, and responsibilities of institutional and individual investors. She is currently also engaged in research into international distinctions among corporate governance systems.

Maria Goranova and Lori Verstegen Ryan (Eds.). 2015. Shareholder Empowerment. New York: Palgrave Macmillan..

Maria Goranova and Lori Verstegen Ryan. 2014. Shareholder Activism: An Interdisciplinary Review. Journal of Management. 40: 1230-1268.

Marguerite Schneider and Lori Verstegen Ryan. 2011. “Hedge Funds and Their Investor Activism: Do They Help or Hurt Other Equity Investors?” Journal of Management and Governance. 15: 349-374.

Lori Verstegen Ryan, Ann K. Buchholtz, and Robert W. Kolb. 2010. “New Directions in Corporate Governance and Finance: Implications for Business Ethics Research.” Business Ethics Quarterly. 20: 673-694.

Cynthia Clark Williams and Lori Verstegen Ryan. 2007. “Courting Shareholders: The Ethical Implications of Altering Corporate Ownership Structures.” Business Ethics Quarterly. 17: 669-688.

  • Reprinted in C. Sri Krishna (Ed.). 2010. Corporate Ethics. Hyderbad, India: Icfai University Press Hyderabad. 196-221.

Melinda Vaughn and Lori Verstegen Ryan. 2006. “Corporate Governance in South Africa: A Bellwether for the Continent?” Corporate Governance:An International Review. 14: 502-512.

Lori Verstegen Ryan. 2006. “Foundation and Form of the Field of Business Ethics.” Journal of Private Enterprise. 22 (2): 34-49.

Lori Verstegen Ryan. 2005. “Corporate Governance and Business Ethics in North America: The State of the Art.” Business & Society. 44: 40-73.

  • Reprinted in Jeremy Moon, Marc Orlitzky, and Glen Whelan (Eds.). 2011. Corporate Governance and Business Ethics. Northampton, MA: Edward Elgar Publishing.
  • Reprinted in Deon Rossouw and Alejo Jose Sison (Eds.). 2006. Global Perspectives on the Ethics of Corporate Governance. New York: Palgrave MacMillan. 187-220.

Lori Verstegen Ryan and Marguerite Schneider. 2003. “Institutional Investor Power and Heterogeneity: Implications for Agency and Stake- holder Theories.” Business & Society. 42: 398-429.

Lori Verstegen Ryan and Bryan S. Dennis. 2003. “The Ethical Undercurrents of Pension-fund Management: Establishing a Research Agenda.” Business Ethics Quarterly. 13: 315-335.

  • Reprinted in Thomas Clarke and Marie dela Rama (Eds.). 2007. Funda-mentals of Corporate Governance. Thousand Oaks, CA: Sage Publications. Vol. 4: 36-53.

Lori Verstegen Ryan and Marguerite Schneider. 2002. “The Antecedents of Institutional Investor Activism.” Academy of Management Review. 27: 554-573.

  • Reprinted in Thomas Clarke and Maria dela Rama (Eds.). 2007. Fundamentals of Corporate Governance. Thousand Oaks, CA: Sage Publications. Vol. 1: 301-325.
  • Winner of the 2003 Financial Investments Award, sponsored by Seton Hall University and NJPRO Foundation.

Lori Verstegen Ryan and Ann K. Buchholtz. 2001. “Trust, Risk, and Shareholder Decision-making: An Investor Perspective on Corporate Governance.” Business Ethics Quarterly. 11: 177-193.

Lori Verstegen Ryan. 2000. “Shareholders and the Atom of Property: Fission or Fusion?” Business & Society. 39: 49-75.

Chamu Sundaramurthy

csundara@mail.sdsu.edu
(619) 594-4845

Chamu Sundaramurthy's current research lies at the interface of strategic management, corporate governance, entrepreneurship, and innovation. She has studied the interrelationships among corporate governance mechanisms (such as boards of directors), governance and strategic decisions of firms, shareholder actions, and firm performance in large public corporations. Her current research on governance focuses on family businesses and IPO firms, and her emerging interest is in the alignment between governance and innovation in social enterprises.

Yasemin, Kor. and Chamu Sundaramurthy. 2009. “Experience-based human capital and social capital of outside directors.” Journal of Management, 35: 981- 1006.

Chamu Sundarammurthy. 2008. “Sustaining Trust within Family Businesses.” Family Business Review, 21: 89-102.

  • Top 10 downloaded articles from FBR in 2008.

Chamu Sundaramurthy and Michelle Dean. 2008. “Family Business Openness to External Influence and International Sales: An Empirical Examination.” Multinational Business Review, 16.

Chamu Sundaramurthy and Glen E. Kreiner. 2006. “Governing by Managing Identity Boundaries: The Case of Family Businesses.” Entrepreneurship Theory & Practice. 32: 415-436.

Chamu Sundaramurthy, Dawna L. Rhoades, and Paula L. Rechner. 2005. “A Meta-analysis of the Effects of Executive and Institutional Ownership on Firm Performance.” Journal of Managerial Issues. 17: 494-510.

Chamu Sundaramurthy and Marianne Lewis. 2003. “Control and Collaboration: Paradoxes of Governance.” Academy of Management Review. 28: 397-415.

Chamu Sundaramurthy. 2002. “Style Over Substance? Hands-on or Hands-off?” Board Member. June: 8-9.

Dawna Rhoades, Paula Rechner, and Chamu Sundaramurthy. 2001. “A Meta-analysis of Board Leadership Structure and Organizational Performance: Are 'Two Heads Better Than One?'” Corporate Governance: An International Review. 9: 311-319.

Chamu Sundaramurthy. 2000. “Antitakeover Provisions and Shareholder Interests: A Review and a Contingency Model.” Journal of Management. 5: 1005-1030.

Dawna Rhoades, Paula Rechner, and Chamu Sundaramurthy. 2000. “Board Composition and Financial Performance: A Meta-analysis of the Influence of Outside Directors.” Journal of Managerial Issues. 12: 76-91.

Chamu Sundaramurthy and Doug Lyon. 1998. “Potential Conflict of Interests between Inside and Outside Shareholders: The Case of Shareholder Governance Proposals.” Journal of Managerial Issues. 10: 30-44.

James Mahoney, Chamu Sundaramurthy, and Joseph Mahoney. 1997. “The Effects of Corporate Antitakeover Provisions on Long-Term Investment: Empirical Evidence.” Managerial and Decision Economics. 18: 1-17.

Chamu Sundaramurthy, Joseph Mahoney, and James Mahoney. 1997. “Board Structure, Type of Antitakeover Provision, and Stock Price Effects.” Strategic Management Journal. 18: 231-245.

Chamu Sundaramurthy and Paula Rechner. 1997. “Conflicting Shareholder Interests: An Empirical Analysis of Fair Price Provisions.” Business & Society. 36: 73-87.

James Mahoney, Chamu Sundaramurthy, and Joseph Mahoney. 1996. “The Differential Impact on Stockholder Wealth of Various Antitakeover Provisions.” Managerial and Decision Economics. 17: 531-549.

Chamu Sundaramurthy, Paula Rechner, and Weiran Wang.1996. “Governance Antecedents of Board Entrenchment: The Case of Classified Board Provisions.” Journal of Management. 22: 783-799.

Chamu Sundaramurthy. 1996. “Corporate Governance within the Context of Antitakeover Provisions.” Strategic Management Journal. 17: 377-394.

Martina Musteen

mmusteen@mail.sdsu.edu
(619) 594-8346

Martina Musteen's research focuses on how corporate governance practices affect firms' decisions to internationalize. She is also interested in how board structure impacts corporate reputation.

Martina Musteen, Deepak Datta, & Benedict Kemmerer. 2010. “Corporate Reputation: Do Board Characteristics Matter?” British Journal of Management. 21: 498-510.

Deepak Datta, Martina Musteen, & Pol Herrmann. 2009. “Board Characteristics, Managerial Incentives and the Choice between Foreign Acquisitions and International Joint Ventures.” Journal of Management. 35: 928-953.

Martina Musteen, Deepak Datta, & Pol Herrmann. 2009. “Ownership Structure and CEO Compensation: Implications for the Choice of Foreign Market Entry Mode.” Journal of International Business Studies. 40: 321-338.

David DeBoskey

debocpa@aol.com
(619) 594-2376

David DeBoskey's research explores the effects of corporate governance on loss provisions and earnings management in the banking industry, and corporate transparency and its impact on cost of capital and CEO compensation, including accounting for stock options. He also examines the impact of ownership concentration on the use of outside contractors, which can be directly linked to firms' corporate governance structure.

David DeBoskey and Wei Jiang. 2012. “Earnings Management and Auditor Specialization in the Post-SOX Era: An Examination of the Banking Industry.” Journal of Banking and Finance. 36: 613-623.

David DeBoskey and Peter Gillett. 2011. “The Impact of Multi-dimensional Corporate Transparency on U.S. Firms' Credit Ratings and Cost of Capital.” Review of Quantitative Finance and Accounting.

David DeBoskey and Kevin Lightner. 2011. “Accounting for Stock Options: A Comparative Simulation for Straight-Line and Graded Vesting Attributions Methods.” CPA Journal, August: 50-53.

Leon Chan, David DeBoskey, and Gene Whittenburg. 2009. “The Impact of the Managerial Ownership Concentration on the Usage of Independent Contractors in Operations.” Journal of Business and Behavioral Sciences, 20(2): 69-86.

Kuntara Pukthuanthong

kpuktha@mail.sdsu.edu
(619) 594-5690

Kuntara Pukthuanthong's current research focuses on corporate governance, international finance, finance of high-tech firms, and asset pricing. Her corporate governance research examines both litigation risk and how the human capital inherent in boards contributes to IPO underpricing. This research helps IPO firms to understand how different kinds of human board capital, such as cumulative board experience, current board experience, director education and industry expertise, and the interaction between the board's human capital and the CEO's human capital contribute to IPO performance.

Kuntara Pukthuanthong, Charles Shi, and Thomas Walker. 2012. “Disclosure Regulation and IPO Underpricing: An International Analysis.” Contemporary Accounting Research.

Huiling Lin, Kuntara Pukthuanthong, and Thomas Walker. 2012. “An International Look at the Lawsuit Avoidance Hypothesis of IPO Underpricing.” Journal of Corporate Finance.

Kuntara Pukthuanthong and Thomas Walker. 2012. “Does Family Ownership Create or Destroy Value? Evidence from Canada.” International Journal of Managerial Finance.

Kuntara Pukthuanthong. 2010. “Why Should We Like Firms that Voluntarily Disclose? Evidence from Profit Warning Firms.” Journal of Investing. 19(4): 66-83.

Fayez Elayan and Kuntara Pukthuanthong. 2009. “Why Warn? The Impact of Profit Warnings on Shareholder's Equity.” Investment Management and Financial Innovations. 6: 39-51.

Kuntara Pukthuanthong. 2009. “Who Benefits from Market Integration? A Comparative Study of Yankee IPOs from High and Low Integrated Markets.” Journal of Financial Transformation. 26: 116-130.

Hung-bin Ding and Kuntara Pukthuanthong. 2009. “Family Firm IPO Performance and Market Signals.” Journal of Enterprising Culture. 17(1): 55-77.

Kuntara Pukthuanthong and Thomas Walker. 2009. “Pre-IPO Insider Ownership and Underpricing: High-tech versus Low-tech IPOs.” Financial Decisions.

Kuntara Pukthuanthong and Thomas Walker. 2009. “Do IPOs in Countries where Firms have High Family Control Benefit from More Prestigious Underwriters?” Multinational Business Review. 16(2).

Jaimin Kim, Kuntara Pukthuanthong, and Thomas Walker. 2008. “Leverage, Pre-IPO Insider Ownership, and Underpricing: High-tech versus Low-tech IPOs.” Management Decision. 46: 106-130.

Kuntara Pukthuanthong, Nikhil Varaiya, and Thomas Walker. 2007. “Are IPO Auctions Celebrating a Comeback? U.S. Evidence.” Venture Capital Journal, 9(4), 1-36.

Kuntara Pukthuanthong and Nikhil Varaiya. 2007. “IPO Pricing, Block Sales, and Long Term Performance.” Financial Review, 42(3): 1-30.

Kuntara Pukthuanthong and Thomas Walker. 2007. “Venture Capital in China: A Culture Shock for Western Investors.” Management Decision. 45: 708-731.

Kuntara Pukthuanthong, Richard Roll, and Thomas Walker. 2007. “How Employee Stock Options and Executive Equity Ownership Affect Long-term IPO Operating Performance.” Journal of Corporate Finance. 13: 695-720.

Fayez Elayan, Kuntara Pukthuanthong, and Lawrence Rose. 2007. “Equity and Debt Market Responses to Sovereign Credit Ratings Announcements.&rdquo Global Finance Journal. 18: 47-83.

Jaemin Kim and Kuntara Pukthuanthong. 2006. “IPO Firm Executives, Compensation, and Selling.” Journal of Entrepreneurial Finance and Business Ventures. 11(1).

Fayez Elayan, Richard Roll, and Kuntara Pukthuanthong. 2006. “Investor Reaction to Inter-corporate Business Contracting: Evidence and Explanation.” Economic Notes. 35: 253-291

Kuntara Pukthuanthong. 2006. “Underwriter Learning about Unfamiliar Firms: Evidence from the History of Biotech IPOs.” Journal of Financial Markets. 9: 366-407.

Sergey Barabanov, Kuntara Pukthuanthong, and Thomas Walker. 2006. “On the Stock Market's Reaction to Major Railroad Accidents: An Empirical Analysis.” Journal of Transportation Research Forum. 45: 23-39.

Kuntara Pukthuanthong and Thomas Walker. 2006. “On the Pros and Cons of Employee Stock Options: What Are the Alternatives?” International Corporate Ownership and Control Journal. 4: 266-277.

Kuntara Pukthuanthong and Thomas Walker. 2005. “A Review of IPO Selling Methods: Is There a Clear Winner?” International Corporate Ownership and Control Journal. 3: 68-74.

Fayez Elayan, Richard Roll, and Kuntara Pukthuanthong. 2005. “Investors Like Firms that Expense Employee Stock Options and They Dislike Firms that Fail to Expense.” Journal of Investment Management. 3: 75-98.

Kuntara Pukthuanthong, Eli Talmor, and James Wallace. 2004. “Corporate Governance and Theories of Executive Pay.” International Corporate Ownership and Control Journal. 1: 95-106.