Finance

The PhD concentration in Finance prepares students to assume responsibilities in finance and related departments at major research universities. The department has 21 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, and faculty research consistently appears in top journals such as the Journal of Finance, Journal of Financial Economics and the Review of Financial Studies. Our faculty members also serve on the editorial board for the Journal of Economics and Business. Recently, the Finance department was ranked No. 4 nationally in the research rankings released by the Academics Analytics.

Finance department faculty members have worked closely with students to co-author articles in top field journals such as the Journal of Finance, Journal of Financial and Quantitative Analysis and Journal of Corporate Finance. This method of professional preparation has consistently rewarded our graduates with research positions at “High Research Activity” departments as ranked by the Carnegie Foundation. Recent graduates have found initial appointments at the University of Akron, University of Nevada – Reno and Southern Illinois University Carbondale.

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 our program are considered for full financial support. Funding typically comes in the form of an assistantship and includes full tuition and a competitive stipend for at least four years, based on adequate progress and yearly evaluations. Students who apply before the January 15 deadline will also be considered for Temple’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


Philip English

Title: Assistant Professor
Research Interests: Law and Finance, Mutual Funds, Cross-country Corporate Governance
Office: Alter Hall 431
Email: philip.english@temple.edu


Kenneth J. Kopecky

Title: Emeritus Professor
Research Interests: Monetary Economics and Financial Markets
Office: Alter Hall 420
Email: kkopecky@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



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.

View Curriculum Vitae


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.

View Curriculum Vitae


Mike Puleo

Michael Puleo

Email: michael.puleo@temple.edu

Michael joined the PhD program at the Fox School of Business in 2011. Before coming to Temple University, Michael earned his Bachelor and Master of Science degrees in Finance at the University of Florida. His primary research interests focus on agency conflicts in corporate finance, particularly with regard to managerial ownership and hedging. He maintains a commitment to high quality in teaching, and continually strives to provide innovative and interactive learning opportunities for students.

View Curriculum Vitae


Ivan Stetsyuk

Email: ivan@temple.edu

Mr. Ivan Stetsyuk is a doctoral student at the Department of Finance, Fox School of Business. His research interests include financial institutions, mutual funds, executive compensation, and financial time-series.

Prior to joining Fox School of Business, he worked at Investment Management Division of Lehman Brothers (now Barclays Capital).

Mr. Stetsyuk’s recent publications include articles on family controlled companies, compensation, and corporate governance. Mr. Stetsyuk is a member of American Finance Association (AFA), Financial Management Association (FMA), Canadian Academic Accounting Association (CAAA), and American Accounting Association (AAA).

Mr. Stetsyuk earned a M.Sc. degree in Finance at Johns Hopkins University. He was a recipient of the prestigious Fulbright Scholarship. Mr. Stetsyuk speaks Russian, Ukrainian, French, and Polish.

View Curriculum Vitae


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.

View Curriculum Vitae


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.

View Curriculum Vitae


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.

View Curriculum Vitae


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.

View Curriculum Vitae


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.

View Curriculum Vitae