Publications: Journals (SuppM = Supplementary Material)

Policy uncertainty and corporate credit spreads. Journal of Financial Economics 138:3 (December 2020), 838-865. With Mahsa S. Kaviani, Hosein Maleki and Pavel Savor.

Volatility spillover around price limits in an emerging market. Finance Research Letters 39 (March 2021), 101610 [8 pages]. Also 5 pp SuppM.  With Osman Ulas Aktas and Jie Zhang

Currency hedging and Quantitative Easing: Evidence from global bond markets. International Review of Finance 21:2 (June 2021), 555-597. Also 4 pp SuppM. With Jie Zhang and Rui Zhong.

US political corruption and loan pricing. Journal of Financial Research 43:3 (Fall 2020), 459-489. With Ashrafee T. Hossain and Xiao Bing Ma. Lead article.

A review of the literature on dual-class firms. Managerial Finance 45:9 (2019), 1199-1218. With Ashrafee T. Hossain.

Global financial crisis after ten years: A review of the causes & regulatory reactions. Managerial Finance 45:7 (July 2019), 904-924. With Ashrafee T. Hossain.

Share classes, families and asset purchases: Canadian evidence. Managerial Finance 46:2 (February 2020), 217-236. With Lingfeng Guo and Yinlin Nie.

Municipal financing costs following natural disasters. Global Finance Journal 40 (May 2019), 48-64. With Michael Bourdeau-Brien.

Dual-class firms, M&As and SOX. The Quarterly Review of Economics and Finance 71 (February 2019), 176-187. With Lamia Chourou and Ashrafee T. Hossain.

M&A price pressure revisited. Finance Research Letters 28 (March 2019), 299-308. With Yulin (George) Nie.

Social performance and firm risk: Impact of the financial crisis. Journal of Business Ethics 149:3 (May 2018), 643–669.With Kais Bouslah & Bouchra M’Zali. First Online: 11 February 2016.

Impact of sponsorship on fixed-income fund performance. The Quarterly Review of Economics and Finance 67 (February 2018),121-137. With Mohamed A. Ayadi and Mahmood Mohebshahedin.

Informed trading around biotech M&As. Studies in Economics and Finance 35:1 (2018), 44-64. With Trang Phuong Tran.

Price discovery in equity and CDS markets. Journal of Financial Markets 35 (September 2017), 21-46. With Stylianos Perrakis & Rui Zhong.

Defeating the VPIN: Slipping into the noise. Journal of Trading 12:3 (Summer 2017), 37-47. With Dan Glikstein.

The impact of natural disasters on the stock returns and volatilities of local firms. The Quarterly Review of Economics and Finance 63 (February 2017), 259-270. With Michael Bourdeau-Brien.

Cross-financial-market correlations and quantitative easing. Financial Research Letters 20 (February 2017), 13-21. With Jie Zhang and Rui Zhong.

Performance of Canadian hybrid mutual funds. North American Journal of Economics and Finance 38 (November 2016), 124-147. With Mohamed A. Ayadi and Anis Chaibi.

Equity fund flows and performance around economic recessions. Journal of Wealth Management 19:3 (Winter 2016), 99-115.With Inès Gargouri.

Typical and tail performance of Canadian equity SRI mutual funds. Journal of Financial Services Research 50:1 (August 2016), 57-94. With Mohamed A. Ayadi and Hatem Ben-Ameur.

Timing the stock market: Does it really make no sense? Journal of Behavioral and Experimental Finance 10 (June 2016),88-104. With Hubert Dichtl and Wolfgang Drobetz.

Board governance, monetary interest and closed-end fund performance. Journal of Corporate Finance 38 (June 2016), 196-217. With Mahmood Mohebshahedin.

Are idiosyncratic volatility and MAX priced in the Canadian market? Journal of Empirical Finance 37 (June 2016), 20-36. With Anas Aboulamer. 

Capacity effects and winner fund performance: The relevance and interactions of fund size and family characteristics. European Journal of Finance 22:1 (May 2016), 1-27. With Wolfgang Bessler, Philipp Kurmann and Peter Lückoff. Lead article.

Forecasting the LIBOR-Federal Funds Rate spread during and after the financial crisis. Journal of Futures Markets 36:4 (April 2016), 345–374. With Wassim Dbouk and Ibrahim Jamali.

Derivatives, short selling and U.S. equity and bond mutual funds. Quarterly Journal of Finance 6:1 (March 2016), 1640002-1—1640002-44. With Kaveh Moradi Dezfouli.

Earnings forecasts and idiosyncratic volatilities. International Review of Financial Analysis 41 (October 2015), 107-123.With Sana Mohsni.

Trade classification accuracy for the BIST. Journal of International Financial Markets, Institutions & Money 33 (November 2014), 259-282. With Osman Ulas Aktas.

Market impacts of trades for stocks listed on the Borsa Istanbul. Emerging Markets Review 20 (September 2014), 152-175. With Osman Ulas Aktas.

Persistence and current determinants of the future earnings growth rates of firms, European Journal of Finance 20:2 (February 2014), 181-200. With Sana Mohsni.

The January effect for individual corporate bonds. International Review of Financial Analysis 30 (December 2013), 69-77. With Wassim Dbouk and Ibrahim Jamali.

Mutual fund performance measurement with nonlinear stochastic discount factors. Advances in Quantitative Analysis of Finance and Accounting 11 (2013), 207-228. With Mohamed A. Ayadi.

Financial restatements and Sarbanes-Oxley: Impact on Canadian firm governance and management turnover. Journal of Corporate Finance 21 (June 2013), 87-105. With Ying Zhang.

Financial restatements by Canadian firms cross-listed and not cross-listed in the U.S. Journal of Multinational Financial Management 23:1-2 (April 2013), 74-96. With Ying Zhang.

The impact of the dimensions of social performance on firm risk. Journal of Banking and Finance 37: 4 (April 2013),1258-1273. With Kais Bouslah & Bouchra M’Zali.

Growth of aggregate corporate earnings and cash-flows: Persistence and determinants. International Review of Economics and Finance 25 (January 2013), 13-23. With Sana Mohsni.

Fixed-income fund performance: Role of luck and ability in tail membership. Journal of Empirical Finance 18:3 (June 2011), 379-392. With Mohamed A. Ayadi. Lead article.

Canada and the United States: Different roots, different routes to financial sector regulation. Business History 53:2 (April 2011), 249-269. With Donald J.S. Brean and Gordon S. Roberts.

Optimal investment decisions for two positioned firms competing in a duopoly market with hidden competitors. European Financial Management 17:2 (March 2011), 305-330. With Manuel Rocha Armada and Paulo Jorge Pereira.

Informed traders of cross-listed shares trade more in the domestic market around earnings releases. Review of Quantitative Finance and Accounting 36:1 (2011), 1-31. With Skander Lazrak. Lead article.

Capital returns, costs and EVA for Canadian firms. North American Journal of Economics and Finance 21:3 (December 2010), 256-273. With Sana Mohsni.

Should minimum portfolio sizes be prescribed for achieving sufficiently well-diversified equity portfolios? Frontiers in Finance and Economics 7:2 (October 2010), 1-37. With Shishir Singh. Lead article.

Behavior of liquidity and returns around Canadian seasoned equity offerings. Journal of Banking & Finance 34: 12 (December 2010), 2954-2967. With Skander Lazrak and Ian Rakita.

Determinants of credit spread changes for the financial sector. Studies in Economics and Finance 27:1 (2010), 67-82. With Wassim Dbouk.

Degrees-of-freedom problem and implied cost of equity capital. Finance Research Letters 6:3 (September 2009), 171-178. With Abdul Rahman.

In government we trust: Rise and fall of Canadian business income trust conversions. Managerial Finance 35: 9 (September 2009), 784-802. With Ying Lu.

Diversification benefits for bond portfolios. European Journal of Finance 15:5&6 (July-September 2009),5 33-553. With Wassim Dbouk.

Do internationally cross-listed non-U.S.firms obtain more favorable terms for syndicated loans? Managerial Finance 35:7 (July 2009), 548-578. With Claudia Champagne. Lead article.

Liquidity minimization in the choice of U.S. venue: Evidence based on Canadian cross-listings. Journal of International Financial Markets, Institutions and Money (July 2009), 550-564. With Skander Lazrak.

Generalized Fama proxy hypothesis: Impact of shocks on Phillips curve and relation of stock returns with inflation. Economics Letters 103:3 (June 2009), 135-137. With Abdul Rahman.

The impact of bond index revisions. Applied Financial Economics 19:9 (May 2009), 693-702. With Wassim Dbouk.

Portfolio performance ambiguity and benchmark inefficiency revisited. Journal of Asset Management 9:5 (December2008), 321-332. With Abdul Rahman. Included in the “Investmentreading list, 2006-2009”, U.K. Institute of Actuaries, November 2009.

Dynamic betas for Canadian sector portfolios. International Review of Financial Analysis 17:5 (December 2008), 1110-1122. With Zhongzhi He.

The impact of past syndicate alliances on the consolidation of financial institutions. Financial Management 37: 3 (Autumn2008), 535-569. With Claudia Champagne. Earlier version chosen for a “top-10%”session at the October 2006 meetings of the Financial Management Association (FMA) in Salt Lake City, Utah.

Canadian IPO share releases. Journal of Private Equity 11:2 (Spring 2008), 73-90. With SiYi Liang.

Portfolio performance sensitivity for various asset pricing kernels. Computers and Operations Research, Part special issue: Applications of OR in Finance 35:1 (January 2008), 171-185. With Mohamed A. Ayadi.

The behaviour of prices, trades and spreads for Canadian IPOs. Multinational Finance Journal 9:3&4 (2005), 213-234.With Skander Lazrak and Ian Rakita. Referenced on Jay Ritter’s website at:http://bear.cba.ufl.edu/ritter/Int.pdf

Performance of Canadian E-REITs. International Real Estate Review (IRER) 10: 2 (2007), 1-22. With Margarita Tcherednitchenko. Lead article.

Are current syndicated loan alliances related to past alliances? Journal of Banking and Finance 31 (October 2007), 3145-3161. With Claudia Champagne.

Cost of equity for Canadian and U.S. sectors. North American Journal of Economics and Finance 18:2 (August 2007), 215-229. With Zhongzhi He.

Trading activity, trade costs and informed trading for acquisition targets and acquirers. European Journal of Finance 13:5(July 2007), 405-439. With Skander Lazrak.

A modified finite-lived American exchange option methodology applied to real option valuation. Global Finance Journal (GFJ) 17:3 (March 2007), 419-438. With Manuel R. Armada and Paulo F. Pereira.

The cross section of expected returns and amortized spreads. Review of Pacific Basin Financial Markets and Policies (RPBFMP) 9:4 (December 2006), 597-638. With Zhongzhi He.

A characteristic examination of beta, size and liquidity for the Canadian stock market. Journal of International Finance and Economics 4: 1 (2006), 49-58. With Zhongzhi He.

A reformulated asset pricing model based on contrarian strategies. Studies in Economics and Finance 23:3 (2006), 185-201.With Zhongzhi He.

Trade costs and market behavior of TSX-listed income trusts. Canadian Investment Review 19:1 (Spring 2006), 10-16.With Skander Lazrak and Ian Rakita.

Are split-date volatility changes primarily permanent or temporary? Finance Letters 3:5(2005), 12-18. With Skander Lazrak.

International trade-venue clientele effects and order-flow competitiveness. Journal of Financial Intermediation 14:1(January 2005), 86-113.With Arturo Rubalcava.

Portfolio performance measurement using APM-free kernel models. Journal of Banking & Finance 29:3 (March 2005),623-659. With Mohamed A. Ayadi.

Key issues of venture capital investing in foreign markets: The case of Canadian biotechnology companies. The Journal of Private Equity 7:3 (Summer 2004), 47-54. With Michel Y. Bergeron and Marko Savor.

Valuation effects of domestic and international seasoned Canadian offerings by firms cross-listed on the NYSE/Amex or Nasdaq. Journal of Multinational Financial Management 14:2 (April2004), 171-186. With Arturo Rubalcava.

Determinants of underwriting fees for domestic and non-domestic seasoned equity offerings by Canadian cross-listed shares. Assurances 70:3 (Octobre 2002), 379-406. With Arturo Rubalcava.

Focus on corporate bonds: Investment management implications of structural change in the Canadian “fixed”-income market. Canadian Investment Review 15:3 (Fall 2002, Special), 1-8. Sponsored by MFC Global Investment Management.

Intraday market price integration for shares cross-listed internationally. Journal of Financial and Quantitative Analysis 37:2 (June 2002), 243-269. With Hao Zhang.

The relationship between overallotment options, underwriting fees and price stabilization for Canadian IPOs. Multinational Finance Journal 4:1&2 (March/June 2000), 5-34. With Richard.Chung and Ian Rakita. Lead article.

Estimation of capital requirements for the.therapeutics sub-segment of the Canadian biotechnology industry.  The International Journal of Biotechnology, 3:3/4 (2001), 362-373. With Michel Y. Bergeron, Paul Beaulieu and Sofiene Zorgati.

Financing-related issues and difficulties for Canadian biotechnology companies. The International Journal of Biotechnology 3:3/4(2001), 287-298. With Michel Y. Bergeron, Paul Beaulieu and Yoser Gadoum.

Migration behavior of long-term bond ratings of Canadian corporate bond issuers. Canadian Investment Review 14:3(Fall 2001), 19-27. With Jocelyne Ménard. Recipient of 1^st annual BGI award for excellence in Canadian capital market research.

Trade costs and investment performance. Canadian Investment Review 14:2 (Summer 2001), 53-54.

Tests of investor cognisance using earnings forecasts of North-American analysts. International Review of Economics and Finance10:2 (2001), 187-204. With Richard Chung.

Market quote and spread component cost behavior around trading halts for stocks interlisted on the Montreal and Toronto Stock Exchanges. Financial Review 36:2 (May 2001),115-138. With Howard Nemiroff.

Futures market equilibrium with heterogeneity and a spot market at harvest. Journal of Economic Dynamics and Control 25:5 (May 2001), 805-824.  With Henri Fouda and Chau Minh To.

Market timing using strategists’ and analysts’ forecasts of S&P500 earnings per share. Financial Services Review 9 (2000), 125-144. With Richard Chung. Lead article. In top 10 (3rd) downloads for this journal in 2001 from Elsevier’s Econbase (http://www1.elsevier.com/homepage/sae/econworld/econbase/finser/top10.htm).

What determines the holding period of the average investor. Canadian Investment Review 13:3 (Fall 2000), 18-25. With BinLi.

An explanatory analysis of the order book, and order flow and execution on the Saudi stock market. Journal of Banking and Finance 24:8 (August 2000), 1323-1357. With Mohammad Al-Suhaibani.

The information content of orders on the Saudi stock market. Journal of Financial Research 23:2 (Summer 2000),145-156. With Mohammad Al-Suhaibani.

Is the U.S. 7% solution equivalent to the Canadian 6% solution? Canadian Investment Review (Fall 1999), 27, 29-32 and34. With Ian Rakita.

Accuracy of consensus expectations for top-down earnings per share forecasts for two S&P indexes. Applied Financial Economics 9 (1999), 233-238.  With Richard Chung.

Are the market effects associated with revisions to the TSE300 index robust? Multinational Finance Journal 2:1 (March1998), 1-36. With Richard Chung. Lead article. Best paper award for Vol. 2 of this journal.

Perspectives on Canadian bank insolvency during the1930s. Journal of Money, Credit and Banking 31:1 (February 1999),130-136. With Gordon S. Roberts.

Price discovery around trading halts on the Montreal exchange using trade-by-trade data. The Financial Review 33:2 (May1998), 195-212. With Howard Nemiroff.

Capital forbearance: Depression-era experience of life insurance companies. Canadian Journal of Administrative Sciences 15:1 (March 1998), 1-16.  With Gordon S. Roberts.

Benchmark invariancy, seasonality and APM-free portfolio performance measures. Review of Quantitative Finance and Accounting 10:1 (January 1998), 75-94.  With Simon Lalancette and Chau Minh To.

Trading activity, quoted liquidity and stock volatility. Multinational Finance Journal1:3 (September 1997),199-227.  With Li Jiang.

Robustness of selectivity and timing measures of performance based on quadratic and dummy variable regressions. International Review of Financial Analysis 6:3, 1997, 257-262.  With Richard Chung.

Conditioning for better performance. Canadian Investment Review 10:3 (Fall 1997), 36-38.  With Simon Lalancette.

Performance attribution using an APT with prespecified macrofactors and time-varying risk premia. Journal of Financial and Quantitative Analysis 32:2 (June 1997), 205-224.  With Simon Lalancette  and Chau Minh To.

Long-term equilibria of taxable and tax-exempt bonds. International Review of Economics and Finance 6:2 (1997), 119-143.  With Kuan Xu.

Is the day-of-the-week effect still valid. Canadian Investment Review 10:2 (Summer1997), 21-26.  With Hao Zhang.

Decimalization's winners and losers. Canadian Investment Review (1996/97), 35-39.  With Richard Chung and Hao Zhang.

Trading patterns of small and large traders around stock split ex-dates. Journal of Financial Research 19:1 (Spring 1996), 75-90. With Hao Zhang.

Macrofactor conditional volatilities, time-varying risk premia and stock return behavior. Financial Review 31:1(February 1996), 169-195. With George Koutoulas.

Introduction of dual-class shares: Further evidence on Canadian pro rata distributions. International Review of Financial Analysis 4:1 (1995), 67-79.  With Hao Zhang.

Determinants of the decreasing term structure of relative yield spreads for taxable and tax-exempt bonds. Applied Economics 27 (1995), 583-590.  With Kuan Xu and Hua Zhang.

Stock market crash behavior of screen-sorted portfolios. International Review of Economics and Finance 4:3 (1995),227-244. With Lorne Switzer and Li Jiang.

Analysis of small-business financial statements using neural nets. Journal of Accounting, Auditing and Finance 10:1(Winter 1995), 147-170.  Professional Adaptation: 171-2. With Michael Galler. Early application of AI (Artificial Intelligence) in Finance using neural networks.

Integration or segmentation of the Canadian stock market: Evidence based on the APT. Canadian Journal of Economics 27:2 (May 1994), 329-351.  With George Koutoulas.

Performance attribution using a multivariate intertemporal asset pricing model with one state variable. Canadian Journal of Administrative Sciences 11:1 (March 1994), 75-85. With Simon Lalancette and Chau Minh To.

Some tests of the exactness of an APT based on mimicking portfolios. The Financial Review 29:2 (May 1994),153-192. With Simon Lalancette and Chau Minh To.

Using artificial neural networks to pick stocks. Financial Analysts Journal (July-August 1993), 21-27.  With Michael Galler and David W. Wright. Early application of AI (Artificial Intelligence)in Finance using neural networks.

Canadian banking solvency, 1922-1940. Journal of Money, Credit and Banking 25:3 (August 1993, Part 1), 361-376. With Gordon S. Roberts.

Market reaction to the formation of export trading companies by American banks. Journal of International Business Studies 24:2 (Second Quarter 1993), 375-383.  With Nancy Ursel.

The market's reaction to the release of drill-core assay results by junior mining firms. Journal of Accounting, Auditing and Finance 8:3 (Summer 1993), 289-308. Professional Adaptation: 309-311.  With Charles Jenkins.

Market reaction to announcements of legislative changes and Canadian bank takeovers of Canadian investment dealers. Journal of Financial Services Research 7:2 (June1993), 171-185.  With Nancy Ursel.

Market behaviour around Canadian stock-split ex-dates. Journal of Empirical Finance 1:1 (June 1993), 57-81. With Hao Zhang.

The contrarian investment strategy does not work in Canadian markets. Journal of Financial and Quantitative Analysis 27:3 (September 1992), 383-395.  With Hao Zhang.

Economic forces and seasonality in security returns. Review of Quantitative Finance and Accounting 2:3 (September 1992), 227-244. With Hao Zhang.

Introduction of dual-class shares: Some evidence on Canadian pro-rata distributions. The International Review of Financial Analysis 1:2 (September 1992), 95-108. With Hao Zhang.

Valuation effects of Canadian stock split announcements. Economics Letters 36 (1991), 317-322.  With Hao Zhang.

Hypothesis testing with the Sharpe and Treynor portfolio performance measures given non-synchronous trading. Economic Letters 32 (1990), 345-352.  With Ah Boon Sim.

Transaction costs and option pricing biases: Some evidence for options on foreign currency futures. The Review of Futures Markets 9:1 (1990), 26-48.  With Joseph Ghalbouni and Chau Minh To.

Incorporating contemporaneous residual relationships for security prices. Economics Letters 31 (1989), 245-249. With Abol Jalilvand.

Simultaneous estimation of the parameters of the Black-Scholes option pricing model. The Review of Economics and Statistics (November 1987), 727-32.  With Abdul Rahman and Ah Boon Sim.

Systematic risk in a purely random market model: Some empirical evidence for individual public utilities. The Journal of Financial Research 10 (Summer 1987), 143-152.  With Abdul Rahman and Ah Boon Sim. 

Some empirical tests of alternative generalized two parameter asset pricing models. Canadian Journal of Administrative Sciences 4 (March 1987), 1-14.  With Chau Minh To.

The E-V stationarity of security returns: Some empirical evidence. Journal of Banking and Finance 11:1 (March 1987),117-135. With Chau Minh To.

Equity eligibility rules and private pension fund investment: Some Canadian evidence. Canadian Journal of Insurance Law 4 (November-December 1986), 90-96.  With Vijay M. Jog.

Diversification and the reduction of stochastic dispersion – Summary. The Financial Review 21:3 (August 1986), 49. With Abdul Rahman.

Statistical tests of the accuracy of alternative forecasts: Some results for U.S. utility betas. The Financial Review 21 (May 1986), 319-35.  With Abol Jalilvand.

Revealed preferences for risky assets in imperfect markets. Canadian Journal of Administrative Sciences 3:2 (December1986), 329-47.  With Chau Minh To.

Small business failure: A Canadian perspective. National Insolvency Review 3 (July-August & September-October, 1986), 61-64.

Take-over disclosures. Securities and Corporate Regulation Review 1:1 (June 1986), 1-3.  With Peter Marzitelli.

Alternative specifications of the errors in the Black-Scholes option-pricing model and various implied-variance formulas. Economics Letters  21 (1986),61-65. With Abdul Rahman.

Petro-Canada's takeovers, Sloan Management Review 27 (Winter 1986), 27-41.  With Peter Marzitelli.

Incorporating contemporaneous residual relationships: A new approach. Economics Letters 19 (1985), 319-321.  With Abol Jalilvand.

Small-business debt financing: An empirical investigation of default risk. Canadian Journal of Administrative Sciences 2(June 1985), 24-42.  With Chau Minh To.

Is Petrocan worth it? Financial and implied investment performance of the crown corporation. CGA Magazine (May1984), 14-22. With Peter Marzitelli.

The telescopic effect of past return realizations on ex post beta estimates. The Financial Review 19 (February1984), 1-25. With Chau Minh To.

Participation mortgage investments and Canadian institutional investors. Appraisal Institute Magazine (AIM) 28(February 1984), 33-41.  With Paul Fahey.

Externalities, preferences and urban residential location: Some empirical evidence. Journal of Urban Economics 14(November 1983), 338-354.  With Chau Minh To and Alain Lapointe.

General factor models and the structure of security returns. Journal of Financial and Quantitative Analysis 18 (March1983), 31-52.  With Chau Minh To.

Bankruptcies and commercial arrangements in Canada: Some empirical evidence. Cost and Management (September-October 1982),4-11. With Jan Holland. Reprinted in A.L. Kahl and W.F. Rentz, Cases, Readings and Exercises in Canadian Financial Management (1983). Abridged version in Insolvency Bulletin 4 (September 1984), 3-10.

On traditional market models as return-generating models. The Financial Review 17 (September 1982),165-173.  With Chau Minh To.

Asset pricing models when the number of securities held is constrained – A comparison and reconciliation of the Mao and Levy models. Journal of Financial and Quantitative Analysis 17 (March 1982), 63-73.  With Chau Minh To.

The operational efficiency of the Federal Business Development Bank in financing small businesses. American Journal of Small Business 6 (July-September 1981),9-19.  With Chau Minh To. Current journal name is:  Entrepreneurship: Theory and Practice.

Equal Access to Credit: Lenders' attitudes towards an applicant's sex and marital status. International Journal of Women's Studies 4 (May/June 1981), 213-233.  With Elizabeth Bertin-Boussu.

Canadian experiences with foreign-based complete technological projects and international competition. The Canadian Marketer 11 (Spring 1980), 8-13. With K.C. Dhawan.

The efficacy of trading suspensions: A regulatory action designed to prevent the exploitation of monopoly information. The Journal of Finance 34 (December1979), 1187-1200.  Summary printed in the C.F.A. Digest 10 (Summer 1980): 47-48.The use of circuit-breaker levels to trigger trading halts on stock exchanges is now common (e.g., NYSE, NASDAQ,TSX, SIX Swiss, Tokyo and Singapore). They were instituted in 1988 by the NYSE in response to the market drops in October of 1987 to bolster investor confidence by reducing market volatility.

The role of investor relations in the operations of Canadian public companies. Cost and Management (July-August1979), 11-15. With Patricia E. Moran.

Misinformation and security markets. The McGill Law Journal 24 (Spring 1978), 123-135. Available for download at: http://165.22.229.17/wp-content/uploads/pdf/1623131-kryzanowski.pdf

Misinformation and regulatory actions in the Canadian capital markets: Some empirical evidence. The Bell Journal of Economics 9 (Autumn 1978), 355-368.

TSE performance of new seasoned natural resource equity issues, 1965-69. Journal of Business Administration 9 (Fall1977), 59-70.  With Kenneth W. Phelan.

Venture capital management: A survey of attitudes towards selection criteria. American Journal of Small Business 2 (July1977), 29-37.  With Roger Giraldeau. Current journal name is: Entrepreneurship: Theory and Practice.

Monte Carlo Simulation and capital expenditure decisions: A case study. The Engineering Economist 18:1 (Fall 1972),31-48.  With Peter Lusztig and Bernhard Schwab.

Best Paper Awards, Semi-finalist – Conferences:

      2010 FMA European Conference, Hamburg, “Corporate Finance” category. With Mohamed A. Ayadi.

      2015 FMA Annual Meeting, Orlando, “Investment”category. With Mahsa (Somayeh) Kaviani and Hosein Maleki

      2015 FMA Annual Meeting, Orlando, “Corporate Finance” category. With Mahsa (Somayeh) Kaviani and Hosein Maleki

      2016 FMA Annual Meeting, Las Vegas, “Corporate Finance” category. With Mahmood Mohebshahedin

      2016 FMA Annual Meeting, Las Vegas, “Corporate Finance” category. With Mahsa Kaviani and HoseinMaleki

Best Paper Awards, Honorable Mentions – Conferences:

       ASAC Finance Division, 2022. With Yanting Wu.

      ASAC Finance Division, 2021. With Ali Rouhghalandari.

      ASAC Finance Division, 2020. With Ashrafee T. Hossain & Takdir Hossain.