Office: RBC 407A Phone: 610-758-2914 Email: pab309@lehigh.edu

Paul Brockman, Ph.D. holds the Joseph R. Perella and Amy M. Perella Chair. 

Perella Department of Finance:  Professor

Education
-  Ohio State University, B.A.
-  Nova Southeastern University, M.B.A.
-  Louisiana State University, Ph.D

Professor Brockman's research focuses primarily on corporate decision making.  He is interested in examining the context (e.g., philosophical, psychological, historical, institutional) in which business decisions are made, implemented, and interpreted by capital markets.  

Brockman's publications have appeared in the following journals: Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Corporate Finance, Journal of Empirical Finance, Journal of Financial Research, Financial Review, Review of Quantitative Finance and Accounting, Financial Markets, Institutions and Instruments, International Review of Economics and Finance, International Review of Financial Analysis, Journal of Multinational Financial Management, Journal of International Financial Markets, Institutions & Money, China Accounting and Finance Review, Advances in Investment Analysis and Portfolio Management, International Journal of Management, Journal of Research in Finance, Asia-Pacific Journal of Taxation, Managerial Finance, Asian Journal of Business and Information Systems, Applied Financial Economics, Journal of Economics and Finance, Canadian Investment Review, Journal of Economics and Business, Applied Economics Letters.

Research Interests

• Corporate Finance
• Capital Markets
• Market Microstructure
• Derivative Securities
• International Finance

Selected Publications

• Brockman, P., and E. Unlu, 2009, “Dividend Policy, Creditor Rights, and the Agency Costs of Debt,” forthcoming at Journal of Financial Economics.
• Brockman, P., Chung, D.Y, and S. Yan, 2009, “Block Ownership, Trading Activity, and Market Liquidity, forthcoming at Journal of Finance and Quantitative Analysis.
• Brockman, P., Chung, D.Y., and C. Perignon, 2009, “Commonality in Liquidity: A Global Perspective,” forthcoming at Journal of Finance and Quantitative Analysis.
• Brockman, P., and S. Yan, 2009, “Block Ownership and Firm-Specific Information,” forthcoming at Journal of Banking and Finance.
• Brockman, P., Khurana, I., and X. Martin, 2008, “Voluntary Disclosures around Share Repurchases,” Journal of Financial Economics 89, 175-191.
• Brockman, P., Howe, J., and S. Mortal, 2008, “Stock Market Liquidity and the Decision to Repurchase,” Journal of Corporate Finance 14, 446-459.
• Brockman, P., and D.Y. Chung, 2008, “Investor Protection, Adverse Selection, and the Probability of Informed Trading,” Review of Quantitative Finance and Accounting 2, 111-131.
• Brockman, P., and D.Y. Chung, 2008, “Commonality under Stress: Evidence from an Order-Driven Market,” International Review of Economics and Finance 17, 179-196.
• Brockman, P., and D.Y. Chung, 2006, “Index Inclusion and Commonality in Liquidity,” International Review of Financial Analysis 15, 291-305.
• Brockman, P., and D.Y. Chung, 2003, “The Inter-Temporal Behavior of Informed and Uninformed Traders,” Review of Quantitative Finance and Accounting 21(3), 251-265.
• Brockman, P., and D.Y. Chung, 2003, “Investor Protection and Firm Liquidity,” Journal of Finance 58, 921-937.
• Brockman, P., and H. Turtle, 2003, "A Barrier Option Framework for Corporate Security Valuation," Journal of Financial Economics 67, 511-529.
• Brockman, P., and D.Y. Chung, 2002, “Commonality in Liquidity: Evidence from an Order-Driven Market Structure,” Journal of Financial Research 25, 521-539.
• Brockman, P., and D.Y. Chung, 2002, “The Impact of Informed Trading on Corporate Liquidity,” Journal of Multinational Financial Management 12, 239-259.
• Brockman, P., and D.Y. Chung, 2001, “Managerial Timing and Corporate Liquidity: Evidence from Actual Share Repurchases,” Journal of Financial Economics 61, 417-448.
• Brockman, P., and D.Y. Chung, 2000, “An Empirical Investigation of Trading on Asymmetric Information and Heterogeneous Prior Beliefs,” Journal of Empirical Finance 7, 417-454.
• Brockman, P., and D.Y. Chung, 2000, “Informed and Uninformed Trading in an Electronic, Order-Driven Environment,” Financial Review 35, 125-146.

Links

Curriculum Vitae

 

 

   

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