School of Economics and Finance Massey University Palmerston North, New Zealand E-mail: J.wongchoti@massey.ac.nz ACADEMIC POSITIONS Curriculum Vitae Udomsak (Jeff) Wongchoti 2/1/2004 - present Senior Lecturer, Massey University 2/23/2003-1/31/2004 Lecturer, Massey University 9/1/1997-6/30/2002 Research/Teaching Assistant, University of Memphis EDUCATION Ph.D. in Finance, 2004 University of Memphis, Memphis, TN, USA PUBLICATION M.B.A with finance major 1994 University of Wisconsin, Whitewater, WI, USA Asymmetric information in the IPO aftermarket, with Mingsheng Li, and Thomas McInish., The Financial Review, vol. 40 no. 2, May 2005 Risk-adjusted Contrarian Profits: Evidence from Non-S&P500 High Trading Volume Stocks, with C S Pyun, The Financial Review, vol.40 no. 3, August 2005 Stock market political cycles in a small, two-party democracy, with Jared Cahan, Chris Malone, and John Powell, Applied Economics Letters, October 2005 Trading volume and short-horizon price pattern: A cross-country test on three behavioral models, with David Ding and Thomas McInish, Pacific Basin Finance Journal, vol.16 issue 3, 2008 Short-horizon contrarian and momentum strategies in Asian markets: An integrated analysis, with David Ding, C S Pyun, and Thomas McInish, International Review of Financial Analysis, vol. 17, 2008 Provincial co-movement in Chinese stock returns, with Fei Wu, Applied Financial Economics Letters, vol.3 issue 3, 2008 Buy and sell dynamics following high market returns, with Fei Wu and Martin Young, International Review of Financial Analysis, vol. 18 issue 1-2, 2009 1
Australasian cash flow reporting regulation: value relevant?, with Chris Malone and Alan Mitchell, Pacific Accounting Review, vol. 23 issue 3, 2011 Can Industry returns predict country indices? Evidence from emerging markets, with Wenzhou Qu, Yan Guo and Fei Wu, Actual Problems of Economics, vol. 7 issue 121, 2011 Abnormal returns in gold and silver exchange-traded funds, with Michael Naylor and Chris Gianotti, Journal of Index Investing, vol. 23 issue 3, 2011 WORKING PAPERS with Pankaj Jain. (presented at the European Finance Association Annual Meeting 2008 in Athens, Greece, available on www.ssrn.com) Short term persistence in mutual fund performance: A revisit with Mui Kuen Yuen R 2 and the signalling effect with Jianguo Chen, and Martin Young. (available on www.ssrn.com) Profiting from Black Swan trades: Evidence from S&P 500 puts with Michael Naylor and Jianguo Chen. Military regimes and stock market returns with Sireethorn Civilize and Martin Young. Vultures Circling Overhead: Does Short Selling Tell the Future? with Fei Wu, Christo Ferreira, and David Ding (available on www.ssrn.com) Latent accounting growth, corporate finance policies, and return predictability with Jianguo Chen, and Suresh Kumar (available on www.ssrn.com) Labor union shareholder activism and information asymmetry with Andrew Prevost CONFERENCE AND OTHER PRESENTATIONS Stock price informativeness, dividend signaling, and earning prospects with Martin Young and Jianguo Chen. FMA Annual Meeting 2012, Atlanta. Corporate governance and hedging premium in UK with Pinghsun Huang and Yan Zhang. Asian FMA Annual Meeting 2011, Queenstown. Short term persistence in mutual fund performance: A revisit with Fei Wu and John Whitfield. FMA Annual Meeting 2010, New York City. 2
Investing and Financing Cash Flow Disclosure Requirements Value Relevant? with Chris Malone and Alan Mitchell. New Zealand Finance Colloquium 2010, Auckland. with Pankaj Jain. European Finance Association Annual Meeting 2008, Athens, Greece (available on www.ssrn.com) with Pankaj Jain. Financial Management Association (FMA) Annual Meeting 2008, Grapevine, Texas, October 2008. Different priors, investor trading activities and the lead-lag relationship between market return and trading volume: Evidence from China FMA Annual Meeting 2008, Grapevine, Texas, October 2008 Learning about firms profitability and their price multiples: A global perspective with Pankaj Jain. 12 th NZ Finance Colloquium, February 15, 2008, Palmerston North, New Zealand Price patterns of thin and thick trading stocks: Evidence from seven Pacific Basin capital markets with David Ding, C S Pyun, and Thomas McInish. To be presented at the FMA Annual Meeting, October 14, 2005, Chicago Trading volume and short-horizon price pattern: A cross-country test on three behavioral models with David Ding, and Thomas McInish. Presented at the Asian FMA conference, July 2005, Kuala Lumpur, Malaysia. (awarded best paper by PACAP) with Pankaj Jain. Invited presentation at the University of Mississippi, April 1, 2005 and Old Dominion University, April 2005 (available on www.ssrn.com) Political cycles and the stock market down-under. Additional evidence on the Presidential Puzzle with Harjeet Bharbra, Jared Cahan, Chris Malone, and John Powell, 8th NZ Finance Colloquium, 30-31 January 2004 Asymmetric information in the IPO aftermarket with Mingsheng Li and Thomas McInish. Presented at the FMA Annual Meeting, October 2003, Denver, Colorado. Risk-adjusted Contrarian Profits: Evidence from Non-S&P500 High Trading Volume Stocks with C S Pyun. Invited presentation at the Australian National University, August 2003, Canberra. Risk-adjusted Contrarian Profits: Evidence from Non-S&P500 High Trading Volume Stocks. with C S Pyun. Presented at the FMA Annual Meeting, October 2002, San Antonio, Texas 3
AWARDS AND RECOGNITION - MURF (Massey University Research Fund) 2009 research grant of $15,000 for the purchase of IBES data. - MURF 2009 research grant of $5,000 on Black Swan project with Michael Naylor and Jianguo Chen - MURF 2012 research grant of $11,000 on NZ CSR ranking project with Professor David Ding and Christo Ferreira - MURF 2012 research grant of $5,000 on Labor union activism project with Andrew Prevost - PBRF research fund of $1,500 (awarded in 2007) - Runner-up, Best Paper Award considered by IFINZ at the 12 th NZ Finance Colloquium - Best paper award: Asian FMA 2005 conference, KL, Malaysia - Invited referee: 1) Journal of Banking and Finance 2) Quantitative Finance 3) Journal of Pure and Applied Science 4) Review of Quantitative Finance and Accounting 5) International Journal of Banking, Accounting, and Finance 6) Pacific Basin Finance Journal 7) Pacific Accounting Review 8) Asia Pacific Journal of Financial Studies 9) International Journal of Business and Economics 10) Emerging Markets Finance and Trade - Invitation for reprint article at The Institute of Chartered Financial Analysts of India (ICFAI) SERVICE College: - Member of Graduate Studies Committee (GSC) 4
- Convenor of AACSB learning goals for MBS work group (with Associate Professor Paul Toulson) Discipline: - Supervision of more than 20 graduate research students since 2003 - Ph.D supervision on Ms. Sireethorn Civilize (graduated in 2004), Mr. Suresh Kumar, Mr. Christo Ferreira, Ms. Wei Hao - Session chair on Session 3C: Investor psychology and other at 12 th NZ Finance Colloquium - Blind referee for about 10 submitted manuscripts for Asian FMA 2006 organised by Massey University - Active discussants/reviewers for other researchers (e.g. FMA 2005 articles and working papers for colleagues including Dr. Fei Wu, Dr. Ben Marshall, and Dr. Pinghsun Huang) DESCRIPTION OF TEACHING AREA Courses taught at Massey University 125.700 Managerial Finance (Graduate) 125.732 Advanced Corporate Finance (Graduate) 125.785 Research Methods (Econometrics) in Finance (Graduate) 125.330 Advanced Corporate Finance (Undergraduate) 115.105 Fundamentals of Finance (Entry level) 115.750 Investments and Risk (MBA) Courses at the University of Memphis FIR 3410 Financial Management (Undergraduate) Courses for Massey s exchange programs FIN 700 Managerial Finance (Graduate) at UEH Ho Chi Minh City FIN 100 Fundamentals of Finance (Entry level) at UEB Hanoi ( Teaching evaluation: 4.5 out of 5 (full score) on average with 4.35 average on MBA teaching ) REFEREES 1. Dr. Thomas McInish - Wunderlich Chair of Excellence in finance (Dissertation chair) Fogelman College of business University of Memphis Memphis, Tennessee e-mail: tmcinish@memphis.edu phone: (901) 678-4662 5
2. Dr. David Ding Professor School of Economics and Finance Massey University e-mail: d.ding@smu.edu.sg phone: (06) 3505799 3. Dr. Pankaj Jain Fogelman College of business University of Memphis Memphis, Tennessee e-mail: pjain@memphis.edu phone: (901) 678-3810 6