Ali Nejadmalayeri, Ph.D., CFA®
John A. Guthrie Endowed Chair of Banking and Financial Services
Professor of Finance
Room: BU 217 E, Accounting & Finance Dept. Suite
Email: anejadma@uwyo.edu
Curriculum Vitae
Personal Page: www.drnfinancial.com
EDUCATION
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PhD (2001), University of Arizona
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MBA (1997), Texas A&M University-Kingsville
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BSc (1993), University of Tehran
ABOUT
Ali Nejadmalayeri, Ph.D., CFA (or as his students call him “Dr. N”) is a Full Professor
of Finance and holds the John A. Guthrie Chair in Banking and Financial Services at
the College of Business of the University of Wyoming (UW). He is also a fellow at
UW’s Center of Blockchain and Financial Innovations. Between 2015 and 2018, he held
the ONEOK Chair in Finance at Spears School of Business of Oklahoma State University
(OSU). Concurrently, he was also the finance Ph.D. program director. Between 2012
and 2015, he held the Jay and Fayenelle Helm Professor in Business at OSU. He has
taught a wide range of undergraduate and graduate (MBA and doctoral) finance courses
on bank management, markets and institutions, portfolio management, investments, and
corporate finance. He is currently teaching a unique course and writing a textbook
on Blockchains, FinTech, and Digital Financial Services. His has been nominated numerous
times for best teacher awards. In 2017, he won OSU’s “Merrick Foundation Teaching
Award on the American Free Enterprise System”. He is also the John and Esther Clay
Honors College Faculty Fellow (2022-2023) at UW’s Honors College and teaches a multi-disciplinary
course called “Secular Stock Cycle” as the intersection of demography, technology,
and finance.
Nejadmalayeri has published in major finance and economics journals, including the
Review of Finance, the Journal of Business, the Journal of Banking and Finance, the
Journal of Corporate Finance, the Journal of Real Estate Finance and Economics, and
the Journal of the Academy of Marketing Science. His research generally deals with
the interaction of corporate decisions and the capital (bond) markets. His recent
work investigates the network economics of corporate bond ownership. His research
has been recognized with numerous awards and accolades including the “2016 OSU-Tulsa
President’s Outstanding Researcher of the Year” award and UW’s “2022 Belt Buckle Award”.
He is a senior editor at Global Finance Journal, an editorial review board member
at Multidisciplinary Business Review, and a special edition’s editor at the Journal
of Financial and Risk Management. He co-chairs the Decentralized Treasury Working
Group of the Blockchain Governance Initiative Network (BGIN)—a multi-stakeholder organization
of regulators, industry experts and academic scholars.
Nejadmalayeri holds a Bachelor of Science degree in Electrical Engineering from the
University of Tehran, an M.B.A. degree from Texas A&M University and a Ph.D. in Finance
from the University of Arizona. Prior to joining academia, he worked as an electrical
engineer in the Oil and Gas industry. He has consulted with multinationals (Barclays
Global) and local governments (the City of Tulsa).
Research Interests
Teaching Interests
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Banking
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Financial Markets
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Fixed Income
Refereed Publications
- “Distressed Acquirers and the Bright Side of Financial Distress” with Aaron Rosenblum,
2022; International Review of Financial Analysis 83, 102303 [Scimago Q1; Impact Fac. 8.235 (5th Highest); H-index 69] { https://doi.org/10.1016/j.irfa.2022.102303}
- “Real Asset Liquidity, Cash Holdings, and the Cost of Corporate Debt,” with Adam Usman
2022; Global Finance Journal 53, 100720 {https://doi.org/10.1016/j.gfj.2022.100720}
- Semifinalist nominee for Best Paper Award at FMA 2017
- “Corporate Cash Holdings, Agency Problems, and Economic Policy Uncertainty” with Mohsen
Mollagholamali, Siamak Javadi, and Suad al-Thaqeb 2021; International Review of Financial Analysis 77, 101859 [Scimago Q1; Impact Fac. 8.235 (5th Highest); H-index 69]{https://doi.org/10.1016/j.irfa.2021.101859}
- “Equity Short Interest and the Cost of Corporate Debt,” with Bilal Erturk, 2020, Multidisciplinary Business Review
- “Asset Liquidity, Business Risk, and Beta,” {Solo} 2021; Global Finance Journal 48, 100560. {https://doi.org/10.1016/j.gfj.2020.100560}
- SSRN’s Top Ten download list for ERN: Criteria for Decision-Making under Risk & Uncertainty
- Finalist nominee for Best Paper Award at FMA 2009
- “Demography, Asset Allocation, and Investment Horizon: Enduring Lessons from Long
History,” {Solo} 2019, Journal of Investing 28 (4) 9-20 [Lead Article] {https://doi.org/10.3905/joi.2019.28.4.009}
- SSRN’s Top Ten download list for ERN: Consumption, Preferences, & Savings; Consumption;
Saving (Consumption); History of Finance eJournal, Labor: Demographics & Economics
of the Family eJournal; & PSN: Pensions & Retirement.
- “Do FOMC Actions Speak Loudly? Evidence from Corporate Bond Credit Spreads” with Siamak
Javadi and Tim Krehbiel; 2018; Review of Finance 22 (5), 1877–1909. [FT50 List, Scimago Q1; SJR 4.933 (5th Highest); Impact Fac. 4.653; H-index 61] {https://doi.org/10.1093/rof/rfx026}
- SSRN’s Top Ten download list for ERN: Monetary Policy
- “CEO Overconfidence and Agency Cost of Debt: Evidence from Voluntary Turnovers” with
Subbu Iyer & Harikumar Sankaran; 2017 North American Journal of Economics and Finance 42, 300–313. {https://doi.org/10.1016/j.najef.2017.07.014}
- “Investor Sentiment, Diversification Discount, and Cross-Section of Returns,” with
Joel Harper & Subbu Iyer; 2017 North American Journal of Economics and Finance 42, 218–236. {https://doi.org/10.1016/j.najef.2017.07.011}
- “Measuring Correlated Default Risk: A New Metric and Validity Tests,” with Siamak Javadi, Seoyoung Kim, and Tim Krehbiel; 2017 Journal of Fixed Income 27 (2) 6–29. {https://doi.org/10.3905/jfi.2017.27.2.006}
- Semifinalist for the best paper award at the 2016 FMA Asia Pacific Conference.
- “GASB Mandatory Disclosure Rules and Taxable Municipal Bond Yield Spreads,” with Sheri
Faircloth, Jeanne Wendel, and Surya Chelikani, 2017; Review of Quantitative Finance and Accounting 49, 379–405. {https://link.springer.com/article/10.1007/s11156-016-0594-9}
- “Is there an optimally diversified conglomerate? Gleaning answers from capital markets,”
with Subbu Iyer and Manohar Singh, 2017; Review of Quantitative Finance and Accounting 49, 117–158. {https://link.springer.com/article/10.1007/s11156-016-0585-x}
- “Costs of capital and public issuance choice,” with Christopher G. Lamoureux, 2015;
Journal of Banking and Finance, 61, 27-45. {https://doi.org/10.1016/j.jbankfin.2015.08.028}
- “Do U.S. Macroeconomic Surprises Influences Equity Returns? An Exploratory Analysis
of Developed Economies,” with Brian Lucey and Manohar Singh, 2013; Quarterly Review of Economics and Finance, 53, 476-485. {https://doi.org/10.1016/j.qref.2013.05.002}
- SSRN’s Top Ten download list for topics: ERN: Consumption; Saving (Consumption); Efficient
Market Hypothesis Models; Other Econometric Modeling: International Financial Markets
- Developed Markets; Other Econometric Modeling: International Financial Markets -
Volatility & Financial Crises; Other Econometrics: Applied Econometric Modeling in
Macroeconomics; Production; Productivity; FEN: Other International Corporate Finance;
MME: Economic & Political Integration; PSN: Trade Relationships
- “Sarbanes-Oxley Act and Corporate Credit Spreads,” with Takeshi Nishikawa and Ramesh Rao, 2013; Journal of Banking and Finance, 37 (8), 2991-3006. {https://doi.org/10.1016/j.jbankfin.2013.04.013}
- “Product Market Advertising and Corporate Bonds,” with Manohar Singh and Ike Mathur,
2013; Journal of Corporate Finance, 19, 79–94. {https://doi.org/10.1016/j.jcorpfin.2012.10.002}
- “How Do Bond Investors Perceive Dividend Payouts?” with Ike Mathur, Manohar Singh, and Pornsit Jiraporn, 2013; Research in International Business and Finance, 27, 92–105. {https://doi.org/10.1016/j.ribaf.2012.07.001}
- “Corporate Governance and Lobbying Strategies,” with Manohar Singh, Ike Mathur, and
Fred Thompson, 2013; Journal of Business Research, 66 (4), 547-553. {https://doi.org/10.1016/j.jbusres.2012.01.003 }
- Finalist nominee for Best Paper Award at FMA 2011
- “Corporate Taxes, Strategic Default, and Cost of Debt,” with Manohar Singh, 2012;
Journal of Banking and Finance, 36, 2900– 2916. {https://doi.org/10.1016/j.jbankfin.2011.07.021}
- “Experience, Information Asymmetry and Rational Forecast Deviation,” with April Knill
and Kristina Minnick, 2012; Review of Quantitative Finance and Accounting, 39(2), 241-272. {https://link.springer.com/article/10.1007/s11156-011-0252-1} Also, appeared as “Chapter 98” in Handbook of Financial Econometrics and Statistics, Springer 2013.
- “Managerial Compensation and the Choice between Intermediated and Arm’s Length Debt,”
with Susan Albring, Inder Khurana and Raynolde Pereira, 2011; Journal of Corporate Finance, 17, 1445– 1456. {https://doi.org/10.1016/j.jcorpfin.2011.08.003}
- SSRN’s Top Ten download list for ORG: Rationality, Cognition, & Decision Making
- “Wages, Inflation, and Mortgage Design,” {Solo} 2011; Journal of Economics and Business: Special Issue on Financial Crisis, 63, 503– 516. {https://doi.org/10.1016/j.jeconbus.2010.06.001}
- “Macroeconomic News and Risk Factor Innovations,” with Tom Gosnell, 2010; Managerial Finance, 36 (7), 566-582. {https://doi.org/10.1108/03074351011050316}
- “Performance Impact of Business Diversification Strategy Evidence from the Indian Corporate
Sector,” with Ike Mathur and Manohar Singh, 2007; Journal of Business Research, 60 (4), 339 - 347. {https://doi.org/10.1016/j.jbusres.2006.10.024}
- “Selective Hedging, Information Asymmetry and Futures Prices,” with April Knill and
Kristina Minnick, 2006; Journal of Business, 79 (6), 1475 - 1501. {https://doi.org/10.1086/500682}
- “Capital Market Impact of Product Marketing Strategy: Evidence from the Relationship
Between Advertising Expenses and Cost of Capital,” with Sheri Faircloth and Manohar Singh, 2005; Journal of the Academy of Marketing Science: Special Issue on Marketing/Finance Interface, 33 (4), 432-444. {https://link.springer.com/article/10.1177/0092070305277380}
- “Factors Influencing Interest Rates on Delinquent Property Tax Certificates,” with
Tim Allen and Sheri Faircloth, 2004; Journal of Real Estate Finance and Economics, 28 (1), 19-36. {https://link.springer.com/article/10.1023/A:1026321506236}
- “Internationalization, Capital Structure and Cost of Capital: Evidence from French
Corporations,” with Manohar Singh, 2004; Journal of Multinational Financial Management, 14 (2), 153-169. {https://doi.org/10.1016/j.mulfin.2003.07.003}
White Papers
- SSRN's Top Ten download list for: Monetary Economics: International Financial Flows,
Financial Crises, Regulation & Supervision eJournal; ERN: Other Monetary Economics:
Central Banks - Policies & Impacts (Topic); ERN: Regulation & Supervision; PSN: Exchange
Rates & Currency (International)
SSRN Page: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=89750
Google Scholar: https://scholar.google.com/citations?user=9sUBmMIAAAAJ&hl=en
Research Gate: https://www.researchgate.net/profile/Ali_Nejadmalayeri
