MANOHAR SINGH
Associate Professor of Finance
B.A, M.A., Punjab University
M.A., University of Waterloo
Ph.D., Southern Illinois University

EML: msingh@willamette.edu

"At Willamette, we excel in creating a comprehensive knowledge base and educating our students about the principles, and application thereof, to ensure their success in the real corporate and financial world.”

Finance as a dynamic discipline is an art and a science of creating and enhancing economic value. At the heart of the multifaceted discipline lies a set of principles that shape financial strategies for identifying business opportunities, efficiently sourcing and allocating capital, optimizing investor return, and contributing to socio-economic welfare of the society.

The financial markets, being spectacularly efficient and hence invincible, serve as one of the most powerful disciplining mechanism over the corporate managements, thereby ensuring survival of the fittest.

At Willamette, we excel in creating a comprehensive knowledge base and educating our students about the principles, and application thereof, to ensure their success in the real corporate and financial world.

Corporate Finance, Corporate Governance, and Multinational Financial Management

Corporate Finance and Governance, Venture Capital and Entrepreneurial Finance, and Multinational Financial Management

Recipient of the 2005 Academy of Finance Distinguished Paper Award; Recipient of the 2004 COBA Researcher of the Year Award at the University of Nevada, Reno; Academic reviewer for Journal of International Financial Markets, Institutions & Money, Journal of Multinational Financial Management, and Journal of International Business Studies. Professional affiliations: American Finance Association, Financial Management Association, Midwest Finance Association, Southern Finance Association, Southwestern Finance Association, Eastern Finance Association.

• “The Determinants of Security Choice for Australian Hybrid Issues”, forthcoming in the Pacific Basin Finance Journal.
• “Corporate Governance, Shareholder Rights and Firm Diversification: An Empirical Analysis”, forthcoming in the Journal of Banking and Finance.
• “Capital Market Impact of Product Marketing Strategy: Evidence from the Relationship between Advertising and Cost of Capital”, Journal of the Academy of Marketing Sciences, Vol. 33, Issue 4, 2005.
• “Corporate Ownership Structure and Governance: Is There a Link” forthcoming in the Journal of Academy of Finance.
• "Agency Costs, Ownership Structure, and Corporate Governance in Pre-And Post-IPO Firms," forthcoming in the Journal of Corporate Ownership & Control .
• The impact of corporate debt on long term investment and firm performance”, Applied Economics, Vol. 37, Number 8 / 10, 2005 .
• “An Analysis of Interrelationship among Corporate Governance, Ownership Structure and Diversification Strategies,” The Financial Review 39, 2004, 489—526.
• “Multinational Diversification and Corporate Performance: Evidence from European Firms”, European Financial Management, Vol. 10, No. 3, 2004, 439–464 .
• "Motives in Partial Acquisitions," Corporate Finance Review, May-June 2004.
• “Internationalization, Capital Structure and Cost of Capital: Evidence from French Corporations,” Journal of Multinational Financial Management Vol. 14(2), 2004.
• “Agency Costs and Ownership Structure in Large American Corporations,” Journal of Banking and Finance Vol. 27(5) 2003. (Most Requested Paper at the Elsevier Science web site)
• “Corporate Diversification Strategies and Capital Structure,” Quarterly Review of Economics and Finance Vol. 43(1) 2003.
• “ Multinational Operations and Corporate Profitability: Implications of European Unification,” Corporate Finance Review , Vol. 7, No. 1 (July/August 2002), pp. 27-39.
• “Evidence on the Complementary Nature of Product and International Diversification,” Corporate Finance Review , Vol. 7, No. 2 (November/December 2002), pp. 27-37,
• “Contagion Effect of Mexican Peso Crisis: Evidence from Chilean Stocks,” Financial Review Vol. 37(1), 2002 .
• “An Empirical Examination of the Trend and Performance Implications of Business Diversification,” Journal of Business and Economic Studies Vol. 7(2), 2001.
• “Evidence from Canadian MNCs on Diversification–Performance Relationship,” Quarterly Review of Economics and Finance Vol.41 (4), 2001.
• “The Market Effects of CEO Turnover in Australian Firms,” Pacific Basin Finance Journal, Vol.9 (1), 2001.
• “Value Creation Through Increase in Focus: The Evidence from Foreign Divestments,” Research in International Business and Finance, Vol. 15, 2001.
• “ Wealth Effects of Acquisitions of Foreign Divested Assets to Acquirers and Divestors,” International Review of Financial Analysis, Vol. 9 (1), 2000.
• “Operational Characteristics and Performance Gains Associated with Licensing Agreements: The US Evidence,” International Business Review, Vol.9 (4), 2000.
• “ Did the Market React Efficiently to the 1994 Mexican Peso Crisis: Evidence from Mexican ADRs,” Journal of Multinational Financial Management vol.7 (4), 1998.