|Office:||Alter Hall 416|
|Research Interests:||Agency Conflicts, Debt Contracting, Corporate Governance|
Dr. Connie X. Mao is an Associate Professor of Finance and Joseph E. Boettner Senior Research Fellow at Temple University Fox School of Business. She holds a doctorate in Finance from The Johnson School of Management at Cornell University (Ithaca, NY), and a doctorate in Biomedical Science from Cornell University Medical School (New York, NY). Her research expertise is corporate finance. Her primary research interest is in the areas of debt contracting, agency conflicts, and corporate innovation.
Specifically, Dr. Mao’s research examines the effect of agency conflicts on the financing decisions of firms and debt contracting, and how the resolution of these conflicts influences firm performance, corporate innovation, and the efficiency of security markets. She has published papers in Journal of Finance, Journal of Financial and Quantitative Analysis, The Accounting Review, Journal of Law and Economics, Journal of Corporate Finance, etc. She has been named to the Fox School Dean’s Research Honor Roll, a receipt the Andrisani-Frank Undergraduate Teaching Award and the FMA Outstanding Finance Professor Award.
- Creditor Influence and CEO Compensation: Evidence from Debt Covenant Violations, with Steven Balsam and Yuqi Gu (Forthcoming at The Accounting Review)
- Managerial Risk-Taking Incentive and Firm Innovation: Evidence from FAS 123R, with Chi Zhang; 2018, Journal of Financial and Quantitative Analysis 53, 867-898.
- Bank Interventions and Firm Innovation: Evidence from Debt Covenant Violations, with Yuqi Gu and Xuan Tian; 2017, Journal of Law and Economics 60, 637-671.
- Earnings Management and Derivative Hedging with Fair Valuation: Evidence from the Effects of FAS 133, with Jongmoo Jay Choi and Arun D. Upadhyay; 2015, The Accounting Review 90, 1437-1467.
- Shareholder Activism of Public Pension Funds: The Political Facet, with Yong Wang; 2015 Journal of Banking and Finance 60, 138-152.
- Corporate Risk Management under Information Asymmetry, with Jongmoo Jay Choi and Arun D. Upadhyay; 2013, Journal of Business Finance & Accounting 40, 239-271.
- Institutional Ownership Stability and the Cost of Debt Financing, with Elyas Elyasiani and Jingyi Jia; 2010, Journal of Financial Markets 13, 475-500.
- Why Firms Issue Callable Bonds: Hedging Investment Uncertainty, with Zhaohui Chen and Yong Wang; 2010, Journal of Corporate Finance 16, 588-607.
- Diversification and the Cost of Debt of Bank Holding Companies, with Esther Deng and Elyas Elyasiani; 2007, Journal of Banking and Finance 31, 2453–2473.
- Regulation Fair Disclosure and Earnings Information: Market, Analyst, and Corporate Responses, with Warren Bailey, Haitao Li, and Rui Zhong; 2003, Journal of Finance 58, 2487-2514.
- Interaction of the Debt Agency Problems and Optimal Capital Structure: Theory and Evidence, 2003, Journal of Financial and Quantitative Analysis 38, 399-423.
- Joseph E. Boettner Senior Research Fellow, Temple University, 2017-present
- Joseph E. Boettner Research Fellow, Temple University, 2003-2017
- The Financial Management Association Teaching Award, Fox School of Business, 2008.
- The Andrisani-Frank Undergraduate Teaching Award, Fox School of Business, 2007
- Dean’s Research Honor Roll, Fox School of Business and Management, Temple University (2004, 2005)
- Temple University Summer Research Fellowship (2003, 2004, 2006, 2008)
- Outstanding PhD Student Paper Award at the 1999 Annual Meeting of the Southern Finance Association
- Cornell University Fellowship, 1996-2000
- Named Jack and Susan Rudin Scholar in the Biomedical Science, 1994-1996
- Recipient of The Vincent duVigneaud Academic Excellence Award in 1995
PhD Level Courses
Asset Pricing Theory & Financial Economics: Temple University
Teaching Evaluation: 4.5*
Graduate Level Courses
Investment Management: Temple University
Teaching Evaluation: 4.4*
Investments: Temple University
Teaching Evaluation: 4.6*
Average evaluations: Scale: 1=Very Poor, 5=Very Good