Finance

The PhD concentration in Finance prepares students to assume academic positions in finance-related departments at major research universities. The Fox Department of Finance has 22 full-time faculty members who hold doctorates from top business schools across the United States. Our research productivity excels in the areas of corporate finance, banking, and asset pricing, with faculty research consistently appearing in leading journals such as the Journal of Finance, Journal of Financial Economics and the Review of Financial Studies. Our faculty members also serve on editorial boards for academic journals, including the Journal of Economics and Business, Journal of International Business Studies, and the International Finance Review.

Fox faculty members work closely with students to co-author articles in field journals such as the Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, The Accounting Review Journal of Corporate Finance, and Financial Management. This method of professional preparation has consistently rewarded our graduates with research positions at universities classified with “high research activity” in the Carnegie Classification of Institutions of Higher Education™. Recent graduates have found initial appointments at the University of Quebec, University of Akron, University of Nevada – Reno, and Southern Illinois University.

For more information please consult the Finance Department website and program promotional materials.


Fall Year 1
Required
  • BA 9100 — Math Preparation (August)
  • BA 9101b — Statistical Methods for Business Research I (Theoretical)
  • BA 9103 — Economic Theory of Choice
  • BA 9105 — Business Econometrics I
  • Fin 9090 — Pro-seminar
Spring Year 1
Required
  • BA 9106 — Business Econometrics II
  • BA 9104 — Game Theory
  • BA 9203 — Financial Economics
  • BA 9108 — Capital Markets Research
Exams
  • Screening Exam (June)
  • Research Proposal (August)

Fall Year 2
Required
  • Fin 9001 — Corporate Finance Theory
  • BA 9209 — Business Econometrics III
  • BA 9205 — Information Economics
Elective
  • BA9212/FIN9004 — Seminar in International Finance
  • Other courses with the approval of the Finance Ph.D. advisor
Spring Year 2
Required
  • Fin 9002 — Empirical Research in Corporate Finance
  • Fin 9005 — Empirical Asset Pricing
  • BA 9209 — Business Econometrics III (if not offered in the fall year 2)
  • BA 9108 — Capital Markets Research (if not taken in year 1)
Elective
  • SGM9211 — Theoretical Foundations of Entrepreneurship
  • Other courses with the approval of the Finance Ph.D. advisor
Exams
  • Research Paper Requirement (August)

Fall Year 3
Required
  • BA 9994 Preliminary Examination Preparation
  • Other courses to complete 48 credit requirement or courses as determined with Mentor
  • Research Paper Presentation (September)
  • Work on Research Papers (conference presentations, journal submissions/revisions)
Spring Year 3
Required
  • BA 9994 Preliminary Examination Preparation
  • Work on Research Papers (conference presentations, journal submissions/revisions)
Exams
  • Comprehensive Exam (February)

Fall Year 4
  • Work on Dissertation Proposal (until Dissertation Proposal Defense)
  • Dissertation Proposal Defense
  • Work on Research Papers (conference presentations, journal submission)
Spring Year 4
  • Work on Dissertation Proposal (until Dissertation Proposal Defense)
  • Dissertation Proposal Defense
  • Work on Research Papers (conference presentations, journal submission)
  • Submit a Research Paper to the FMA Annual Meeting (submission deadline is January)

Fall Year 5
  • Work on Dissertation and Research Papers
  • Present Job Market Paper
  • Submit Job Applications and Preliminary Interview at the FMA Annual Meeting (October)
Spring Year 5
  • Campus Interviews
  • Work on Dissertation and Research Papers
  • Dissertation Defense


Financial Aid

All students admitted to this program are considered for full financial support for up to five years. Funding typically comes in the form of research or teaching assistantship and includes full tuition and a competitive stipend. The funding is renewable every year, subject to adequate progress and annual evaluations. Students who apply before the January 15 deadline will also be considered for Temple University’s prestigious university fellowships.


Concentration Advisor: Connie X. Mao

Title: Associate Professor
Research Interests: Corporate Finance, Agency Conflicts, Security Markets
Office: Alter Hall 416
Email: cmao@temple.edu


Ronald Anderson

Title: Professor & Chair in Finance
Research Interests: Corporate Finance, Corporate Governance
Office: Alter Hall 420
Email: ron.anderson@temple.edu


J. Jay Choi

Title: Professor
Research Interests: Global Corporate Governance, International Finance and Strategy, Emerging Markets
Office: Alter Hall 417
Email: jjchoi@temple.edu


Elyas Elyasiani

Title: Professor
Research Interests: Stock Return Modeling; Institutional, Minority and Foreign Ownership Effects
Office: Alter Hall 413
Email: elyas@temple.edu


Kose John

Title: Laura H. Carnell Professor
Office: Alter Hall 421
Email: kose.john@temple.edu


Yan Li

Title: Assistant Professor
Research Interests: Theoretical and Empirical Asset Pricing, Behavioral Finance, Financial Econometrics
Office: Alter Hall 425
Email: liyanlpl@temple.edu


Yuanzhi (Lily) Li

Title: Assistant Professor
Research Interests: Corporate Finance, Investment, Bankruptcy and Distress.
Office: Alter Hall 426
Email: yuanzhi.li@temple.edu


Lalitha Naveen

Title: Associate Professor
Research Interests: Empirical Corporate Finance, Corporate Board Structure, Executive Compensation
Office: Alter Hall 418
Email: lnaveen@temple.edu


Oleg Rytchkov

Title: Assistant Professor
Research Interests: Theoretical and Empirical Asset Pricing, Capital Markets, Financial Econometrics
Office: Alter Hall 423
Email: rytchkov@temple.edu


Pavel G. Savor

Title: Assistant Professor
Research Interests: Empirical Asset Pricing, Empirical Corporate Finance, Behavioral Economics
Office: Alter Hall 415
Email: pavel.savor@temple.edu



Farooq Durrani

Farooq Durrani

Email: farooq.durrani@temple.edu

Farooq Durrani joined Fox School of Business as a Ph.D. student in Fall of 2015. He received his Master of Science with concentration in Finance from Brock University, Canada and an M.B.A from National University of Computer and Emerging Sciences, Pakistan. His undergraduate was in Computer Science. He is a member of Beta Gamma Sigma International Society. Farooq has also passed two levels of C.F.A exam.

Farooq’s research interest are in the field of Empirical Corporate Finance and more specifically in the areas of Corporate Governance, Mergers and Acquisitions, and IPO’s. Prior to coming to Fox School of Business Farooq worked in International Banking Division at Bank Al Falah Ltd, Pakistan.

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Matthew Imes

Matthew Imes

Email: matthew.imes2@gmail.com

Matthew Imes joined the Fox School of Business PhD program in 2015 and is a recipient of Temple University's Presidential Fellowship. He earned a Masters of Finance from the University of Maryland and a B.S. in Business Economics from Anderson University (Magna Cum Laude). Matthew is also a level 3 CFA candidate.

Matthew's research interests include empirical corporate finance, corporate governance, and corporate bond markets. Before coming to Temple Matthew interned as an analyst at Merrill Lynch in the wealth management division, as well as in the corporate accounting department of Hartness International, an ITW subsidiary.

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Ming (Megan) Ju

Email: ming.ju@temple.edu

Ming Ju (Megan) joined the Ph.D program at the Fox School of Business in fall 2013 with a specialization in finance. She holds a Bachelor of Science degree in Finance from Donghua University in China (2011), and a Master of Science degree in Finance from Case Western Reserve University (2013). Ming’s research interests are broadly empirical corporate finance, corporate debt markets, corporate governance, executive compensation, and risk management.

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Masud Karim

Masud Karim

Email: tug09598@temple.edu

Masud Karim joined PhD in Finance at FOX in 2015 with Presidential Fellowship, the highest honor for incoming PhD students at Temple. He received BBA major in Accounting & Information Systems from the University of Dhaka, Bangladesh with prestigious Dean Award and MA in Economics from Central European University, Budapest with fellowship. Prior coming to FOX, Masud worked as a researcher at Chief Economist Unit of the Central Bank of Bangladesh. His passion for extracurricular activities is evident from his service as Deputy Country Representative of Bangladesh at Commonwealth Youth Program, UK from 2007 to 2009. As a first year student, Masud is flexible about his area of research.

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Edward Kim

Email: tug25073@temple.edu

Edward joined the PhD program at the Fox School of Business in 2015. He earned his B.S. degree in Biological and Environmental Engineering from Cornell University and his MBA in Finance from Washington University in St. Louis. Before coming to Temple University, Edward worked in the manufacturing and commercial banking industries for a total of about four years.

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Ezgi Ottolenghi

Email: ezgi.ottolenghi@temple.edu

Ezgi Hallioglu Ottolenghi is a doctoral student of the Finance Department at the Fox School of Business at Temple University. She received an MBA in Finance and International Business from Drexel University (summa cum laude), and a B.S. in Business Administration from Bilkent University, Turkey. During her undergraduate studies she also spent a semester as an exchange student at Pforzheim University of Applied Sciences, Germany. Prior to the doctoral program, Ezgi worked in the banking industry and primarily focused on credit analysis at various banks. Most recently she served as Vice President in Commercial Banking at Wells Fargo. Her research interests include Corporate Governance and Mergers and Acquisitions.

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Shuai Wang

Email: wangshuai@temple.edu

Shuai Wang (Amy) has won two research grants from the Young Scholar Forum, and is currently exploring her research interests mainly in empirical corporate finance. She has been focusing on executive compensation, insider trading and dividend payout policy. She is also actively seeking interesting ideas that have potential regardless of the field.

She has a passion for teaching and is always exploring creative methodologies that could guide students. She worked as a senior tutor and has been popular among students.

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Jamie Weathers

Email: jamie.weathers@temple.edu

Jamie moved from Louisville, KY in the summer of 2011 to join the PhD program in the Finance Department at Temple University’s Fox School of Business. She holds both a Bachelor of Science degree in Management and a Masters of Business Administration from the University of Louisville.

Prior to joining the Fox School of Business at Temple University, Jamie worked as a Midwest Regional Energy Buyer for an energy consultant firm, Summit Energy (now a subsidiary of Schneider Electric).

Jamie’s research interests are focused in empirical corporate finance. She is currently studying the relationship between employee treatment and firm value for large publicly held corporations.

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Gao Wei

Email: wei.gao@temple.edu

Wei joined the PhD program at the Fox School of Business in 2014. Before coming to Temple University, he earned his PhD in Economics at Southern Illinois University Carbondale and taught undergraduate economics courses at Bloomsburg University of Pennsylvania and East Stroudsburg University of Pennsylvania after graduation. His primary research interests include IPO underpricing and capital structure. Wei is looking forward to research collaboration with Fox faculty and fellow PhD students. He is also looking forward to teaching and interacting with students in the classroom.

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Jingbo Yu

Email: jingbo.yu@temple.edu

Jingbo Yu joined the Ph.D program of Temple University’s Fox School of Business Finance Department in fall 2010. He holds an MS in Finance degree from Illinois Institute of Technology, and Bachelor in Finance degree from Zhejiang University, China. His research interests include mergers and acquisitions, corporate governance and CEO compensation, and general issues in empirical corporate finance.

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Chi Zhang

Email: chi.zhang@temple.edu

I joined in the PhD in Finance program in 2012 fall. I received my Master in Finance degree from University of Delaware, and BA in Finance and Accounting from University of Nottingham, China Campus before joining in Temple.

My main research field is empirical corporate finance. Special purpose acquisition companies, capital structure, and hedging strategies in oil industry are some examples of corporate finance projects I did before. I am currently doing a project about IPO with Dr. Naveen.

As a current first year PhD student, I am still very flexible of my future research areas. If possible, I would love to do researches not only in corporate finance, but also in market microstructure, empirical asset pricing, and game theory.

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