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 — Reading Time: 5 minutes
Warrington professors, advisor receive College's annual awards — February 14, 2014 — Reading Time: 3 minutes
New Finance Ph.D. wins one Finance world's top prizes — June 22, 2009 — Reading Time: < 1 minute

Courses Taught

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: 2019
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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