10/10/2012 09:48 AM
BATON ROUGE – Ji-Chai Lin, Lloyd F. Collette Endowed Chair in Financial Services professor
and Ph.D. advisor for the LSU Department of Finance, coauthored an article accepted
for publication by the Journal of Corporate Finance. The article, “SEO Timing and
Liquidity Risk,” was coauthored with YiLin Wu from National Taiwan University and
focuses on the time-varying risks surrounding seasoned equity offerings and post-issue
According to the paper’s abstract, Lin and Wu attribute the underperformance largely
to improvements in both market and liquidity risk, along with an additional decrease
in SEO firms’ liquidity risk just prior to SEO filing.
Lin joined LSU’s faculty in 1988, the same year he earned his Ph.D. in finance from
the University of Iowa. His research interests include investments, market microstructure,
and investor behavior.
According to its website, the Journal of Corporate Finance “aims to publish high quality,
original manuscripts that analyze issues related to corporate finance.” All submissions
must first be approved by an editor and a reviewer in a two-stage process.
The Department of Finance is a Chartered Financial Analyst, or CFA, Program Partner
and a Certified Financial Planner, or CFP, Board-Registered Program that offers high
quality curricula to undergraduate and graduate students interested in careers in
corporate finance, asset management, real estate, insurance, banking, financial planning
and business law. The department boasts internationally-renowned research faculty
in several areas, including derivatives, asset management, banking and spatial econometrics.
The department’s Securities Markets Analysis Research & Trading Lab boasts the Bloomberg
Professional service, the platform used by more than 300,000 leading business and
financial professionals worldwide to make informed business decisions, and an extensive
library of financial data bases including the Wharton WRDS System. Additionally, the
department encourages, supports and conducts research in real estate by housing the
nationally renowned Real Estate Research Institute.
For more information, visit www.business.lsu.edu/finance or call 225-578-6291.
Posted on Wednesday, October 10, 2012