Joel F. Houston

Eugene F. Brigham Chair in Finance

(352) 392-7546

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Contact Details

Education

PhD - The Wharton School, University of Pennsylvania, 1986
MA - The Wharton School, University of Pennsylvania, 1984
BA - Franklin and Marshall College, 1982

Research Interests

Financial Markets and Institutions
Corporate Finance
Executive Compensation
Mergers and Acquisitions

In The News

These are the top 4 electives UF MBA students choose to take — November 19, 2019 — Outside of the core courses UF MBA includes in its curriculum, students have multiple options for elective courses. We looked at the top ele...minute
Warrington professors, advisor receive College's annual awards — February 14, 2014 — GAINESVILLE, Fla. – The Warrington College of Business Administration recognized four exceptional educators with its 2013-2014 Teaching/Ad...minute
New Finance Ph.D. wins one Finance world's top prizes — June 22, 2009 — Gainesville, Fla. – Finance grad Brandon Lockhart (PHD, 2009) is the winner the USC Marshall School of Business Trefftzs Award for best st...minute

Courses Taught

Asset Val Risk Return ( FIN5437 ) — Spring 2020
Financial Management ( FIN5405 ) — Spring 2020
Financial Management ( FIN5405 ) — Fall 2019
Measur/Manag Value ( FIN6427 ) — Fall 2019
Financial Management ( FIN5405 ) — Summer 2019
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2019
Financial Management ( FIN5405 ) — Spring 2019
Measuring and Managing Value ( FIN6930 ) — Spring 2019
Financial Management ( FIN5405 ) — Fall 2018
Measuring and Managing Value ( FIN6427 ) — Fall 2018
Financial Management ( FIN5405 ) — Summer 2018
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2018
Measuring and Managing Value ( FIN6930 ) — Spring 2018
Financial Management ( FIN5405 ) — Fall 2017
Measuring and Managing Value ( FIN6427 ) — Fall 2017
Financial Management ( FIN5405 ) — Summer 2017
Business Financial Management ( FIN5405 ) — Fall 2016
Measuring and Managing Value ( FIN6427 ) — Fall 2016
Financial Management ( FIN5405MBA ) — Summer 2016
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2016
Business Financial Management ( FIN5405 ) — Fall 2015
Measuring and Managing Value ( FIN6427 ) — Fall 2015
Business Financial Management ( FIN5405 ) — Summer 2015
Business Financial Management ( FIN5405 ) — Spring 2015
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2015
Measuring and Managing Value ( FIN6427 ) — Spring 2015
Business Financial Management ( FIN5405 ) — Fall 2014
Measuring and Managing Value ( FIN6427 ) — Fall 2014
Business Financial Management ( FIN5405 ) — Summer 2014
Business Financial Management ( FIN5405 ) — Spring 2014
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2014
Business Financial Management ( FIN5405 ) — Fall 2013
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Fall 2013
Business Financial Management ( FIN5405 ) — Summer 2013
Business Financial Management ( FIN5405 ) — Spring 2013
Measuring and Managing Value ( FIN6427 ) — Spring 2013
Business Financial Management ( FIN5405 ) — Fall 2012
Business Financial Management ( FIN5405 ) — Summer 2012
Business Financial Management ( FIN5405 ) — Spring 2012
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2012
Business Financial Management ( FIN5405 ) — Fall 2011
Measuring and Managing Value ( FIN6427 ) — Fall 2011
Business Financial Management ( FIN5405 ) — Summer 2011
Finance I: Asset Valuation; Risk; and Return ( FIN5437 ) — Spring 2011
Business Financial Management ( FIN5405 ) — Fall 2010
Measuring and Managing Value ( FIN6427 ) — Fall 2010

Book Chapter Publications

Corporate Borrower Nationality and Global Presence: Cross Country Evidence on the Pricing of Syndicated Bank Loans
Status: Accepted
Accepted Year: 2011
Authors: J. Itzkowitz, A. Naranjo, James Barth, Chane Lin, Clas Wihlborg, Joel Houston
Banking and Finance
Status: Published
Published Year: 1995
Authors: M. Flannery, Joel Houston
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Conference Proceeding Publications

Impact of Regulations on Thrift Profitability and Viability
Status: Published
Published Year: 1990
Authors: A. Heggestad, Joel Houston
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Journal Article Publications

Shades of Gray: Director Classifications Revisited
Status: 1st Revise and Resubmit
Journal: Journal of Accounting & Economics
Authors: Joel Houston, Jongsub Lee, Hongyu Shan
Litigation Risk and Voluntary Disclosure: Evidence from Legal Changes
Status: Accepted
Journal: Accounting Review
Accepted Year: 2018
Expected Year: 2018
Authors: Joel Houston, Chen Lin, Sibo Liu, Lai Wei
Shareholder Protection and the Cost of Capital
Status: Accepted
Journal: Journal of Law and Economics
Accepted Year: 2018
Expected Year: 2018
Authors: Joel Houston, Chen Lin, Wensi Xie
Social Networks in the Global Banking Sector
Status: Accepted
Journal: Journal of Accounting & Economics
Accepted Year: 2017
Authors: Joel Houston, Jongsub Lee, Felix Suntheim
Borrowing beyond borders: Foreign assets, lender choice, and loan pricing in the syndicated bank loan market
Status: Published
Journal: Journal of Corporate Finance
Published Year: 2017
Authors: Joel Houston, Jennifer Itzkowitz, Andy Naranjo
Borrowing beyond Borders: the Geography and Pricing of Syndicated Bank Loans
Status: Published
Journal: Journal of Corporate Finance
Published Year: 2017
Authors: J. Itzkowitz, A. Naranjo, Joel Houston
The Financial Implications of Supply Chain Changes
Status: Accepted
Journal: Management Science
Accepted Year: 2015
Authors: Chen Lin, Zhongyan Zhu, Joel Houston
CEO Altruism, Reputation, and Shareholder Interests in Corporate Socially Responsible Investments
Status: Accepted
Journal: Journal of Corporate Finance
Accepted Year: 2014
Authors: Richard b Borghesi, Andy Naranjo, Joel Houston
Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests
Status: Published
Journal: Journal of Corporate Finance
Published Year: 2014
Authors: Richard Borghesi, Joel Houston, Andy Naranjo
Political Connections and the Cost of Bank Loans
Status: Accepted
Journal: Journal of Accounting Research
Accepted Year: 2013
Authors: Liangliang Jiang, Chen Lin, Yue Ma, Joel Houston
Regulatory Arbitrage and International Bank Flows
Status: Accepted
Journal: Journal of Finance
Accepted Year: 2012
Authors: Chen Lin, Yue Ma, Joel Houston
What Motivates Corporate Managers to Make Socially Responsible Investments?
Status: Published
Journal: SSRN Electronic Journal
Published Year: 2012
Authors: Richard Borghesi, Joel Houston, Andy Naranjo
Media Ownership, Concentration and Corruption in Bank Lending
Status: Accepted
Journal: Journal of Financial Economics
Accepted Year: 2011
Authors: C. Lin, Y. Ma, Joel Houston
Credit Default Swaps are Viable Substitutes for Credit Ratings
Status: Published
Journal: University of Pennsylvania Law Review
Published Year: 2010
Authors: M. Flannery, F. Partnoy, Joel Houston
Creditor Rights, information sharing, and bank risk taking
Status: Published
Journal: Journal of Financial Economics
Published Year: 2010
Authors: C. Lin, P. Lin, Y. Ma, Joel Houston
To Guide or Not to Guide? Causes and Consequences of Stopping Quarterly Earnings Guidance
Status: Published
Journal: Contemporary Accounting Research
Published Year: 2010
Authors: B. Lev, J. Tucker, Joel Houston
Value, Survival and The Evolution of Firm Organizational Structure
Status: Published
Journal: Financial Management
Published Year: 2007
Authors: R. Borghesi, A. Naranjo, Joel Houston
Value, Survival, and the Evolution of Firm Organizational Structure
Status: Published
Journal: Financial Management
Published Year: 2007
Authors: Richard Borghesi, Joel Houston, Andy Naranjo
Borrowing Beyond Borders: The Geography and Pricing of Syndicated Bank Loans
Status: Published
Journal: SSRN Electronic Journal
Published Year: 2007
Authors: Joel Houston, Jennifer Itzkowitz, Andy Naranjo
What A Difference a Month Makes: Stock Analyst Valuations Following Initial Public Offerings
Status: Published
Journal: Journal of Financial and Quantitative Analysis
Published Year: 2006
Authors: C. James, J. Karceski, Joel Houston
Cross-Country Evidence on the Value of Corporate Industrial and International Diversification
Status: Published
Journal: Journal of Corporate Finance
Published Year: 2004
Authors: L. Fauver, A. Naranjo, Joel Houston
Cross-country evidence on the value of corporate industrial and international diversification
Status: Published
Journal: Journal of Corporate Finance
Published Year: 2004
Authors: Larry Fauver, Joel Houston, Andy Naranjo
Capital Market Development, International Integration, Legal Systems, and the Value of Corporate Diversification: A Cross-Country Analysis
Status: Published
Journal: The Journal of Financial and Quantitative Analysis
Published Year: 2003
Authors: Larry Fauver, Joel Houston, Andy Naranjo
Capital Market Development, Legal Systems and the Value of Corporate Diversification: A Cross- Country Analysis
Status: Published
Journal: Journal of Financial and Quantitative Analysis
Published Year: 2003
Authors: L. Fauver, A. Naranjo, Joel Houston
Capital Market Development, Integration, Legal Systems, and the Value of Corporate Diversification: A Cross-Country Analysis
Status: Published
Journal: SSRN Electronic Journal
Published Year: 2002
Authors: Larry Fauver, Joel Houston, Andy Naranjo
Do Relationships Have Limits? Banking Relationships, Financial Constraints and Investment
Status: Published
Journal: Journal of Business
Published Year: 2001
Authors: C. James, Joel Houston
Where Do Merger Gains Come From? Bank Mergers From the Perspective of Insiders and Outsiders
Status: Published
Journal: Journal of Financial Economics
Published Year: 2001
Authors: C. James, M. Ryngaert, Joel Houston
Market Responses to Federal Examinations of Commercial Banking Firms
Status: Published
Journal: Journal of Money, Credit and Banking
Published Year: 1999
Authors: M. Flannery, Joel Houston
The Role of Managerial Incentives in Bank Acquisitions
Status: Published
Journal: Journal of Banking & Finance
Published Year: 1999
Authors: C. Hadlock, M. Ryngaert, Joel Houston
Do Bank Internal Capital Markets Promote Lending?
Status: Published
Journal: Journal of Banking & Finance
Published Year: 1998
Authors: C. James, Joel Houston
How Banks Use Internal Capital Markets to Lower Capital Costs
Status: Published
Journal: Journal of Applied Corporate Finance
Published Year: 1998
Authors: C. James, Joel Houston
Equity Issuance and Adverse Selection: A Direct Test Using Conditional Stock Offers
Status: Published
Journal: Journal of Finance
Published Year: 1997
Authors: M. Ryngaert, Joel Houston
Capital Market Frictions and the Role of Internal Capital Markets in Banking
Status: Published
Journal: Journal of Financial Economics
Published Year: 1997
Authors: C. James, D. Marcus, Joel Houston
Bank Information Monopolies and the Determinants of the Mix of Private and Public Debt Claims
Status: Published
Journal: Journal of Finance
Published Year: 1996
Authors: C. James, Joel Houston
CEO Compensation and Bank Risk: Is Compensation in Banking Structured to Promote Risk-Taking?
Status: Published
Journal: Journal of Monetary Economics
Published Year: 1996
Authors: C. James, Joel Houston
Evolution or Extinction: Where are Banks Headed?
Status: Published
Journal: Journal of Applied Corporate Finance
Published Year: 1996
Authors: C. James, Joel Houston
Liquidation under Moral Hazard: The Incentive Effects of Commitments to Lend
Status: Published
Journal: Journal of Banking & Finance
Published Year: 1996
Authors: S. Venkataraman, Joel Houston
The Value Added by Bank Acquisitions: Lessons from Wells Fargo's Acquisition of First Interstate
Status: Published
Journal: Journal of Applied Corporate Finance
Published Year: 1996
Authors: M. Ryngaert, Joel Houston
The Overall Gains From Large Bank Mergers
Status: Published
Journal: Journal of Banking & Finance
Published Year: 1995
Authors: M. Ryngaert, Joel Houston
Information Revelation, Lock-in, and Bank Loan Commitments
Status: Published
Journal: Journal of Financial Intermediation
Published Year: 1994
Authors: S. Venkataraman, Joel Houston
Optimal Maturity Structure with Multiple Debt Claims
Status: Published
Journal: Journal of Financial and Quantitative Analysis
Published Year: 1994
Authors: S. Venkataraman, Joel Houston
Financing Multiple Investment Projects
Status: Published
Journal: Financial Management
Published Year: 1993
Authors: M. Flannery, S. Venkataraman, Joel Houston
Management and Organizational Changes in Banking: A Comparison of Regulatory Intervention with Private Creditor Actions in Nonbank Firms
Status: Published
Journal: Carnegie-Rochester Conference Series on Public Policy
Published Year: 1993
Authors: C. James, Joel Houston
The Links Between Trading Time and Market Volatility: Two Examinations of the Private Information Hypothesis
Status: Published
Journal: Journal of Financial Research, The
Published Year: 1992
Authors: M. Ryngaert, Joel Houston
tors Influencing the Decisions of Bank Managers: The Evidence from Investment Portfolios
Status: Published
Journal: Journal of Banking & Finance
Published Year: 1992
Authors: A. Heggestad, Joel Houston
Teaser Rates in Conventional Adjustable-Rate Mortgage (ARM) Markets
Status: Published
Journal: Journal of Real Estate Finance and Economics
Published Year: 1991
Authors: J. Sa-Aadu, J. Shilling, Joel Houston
The Policy Implications of the Underground Economy
Status: Published
Journal: Journal of Economics and Business
Published Year: 1990
Authors: Joel Houston
The Underground Economy: A Troubling Issue for Policymakers
Status: Published
Journal: Business Review
Published Year: 1987
Authors: Joel Houston
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Other Publications

Hidden in Plain Sight: The Role of Corporate Board of Directors in Public Charity Lobbying
Status: Working Paper
Published Year: 2020
Authors: Sehoon Kim, Changhyun Ahn, Joel Houston
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Textbook Publications

Fundamentals of Financial Management: The Concise Edition 10th edition
Status: Published
Published Year: 2019
Authors: Joel Houston, Eugene Brigham
Fundamentals of Financial Management 14th edition
Status: Published
Published Year: 2015
Authors: Eugene Brigham, Joel Houston
Fundamentals of International Finance
Status: Published
Published Year: 2005
Authors: R. Crum, E. Brigham, Joel Houston
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Contact Details

University of Florida
Warrington College of Business
Finance, Insurance and Real Estate Department
Stuzin Hall 303D

(352) 392-7546

Joel F. Houston

Education

Research Interests

In The News

Courses Taught

Book Chapter Publications

Conference Proceeding Publications

Journal Article Publications

Other Publications

Textbook Publications

Contact Details

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