Pornsit Jiraporn, Ph.D.

Associate Professor of Finance

Management

Expertise

    • Corporate finance
    • Corporate governance
    • Agency theory

Education

    • Ph.D. - Southern Illinois University, Carbondale, Finance, 2002
    • M.B.A. - The University of Texas at Arlington, 1998
    • B.S. - Chulalongkorn University, Thailand, Industrial Engineering, 1996
    • Certificate in Faculty Development in International Business, The University of South Carolina, 2005

Courses

    • FIN 506 – Portfolio Theory and Policy
    • FIN 531 – Financial Management
    • FIN 541 – Security Analysis

Research Interests

    • Corporate governance
    • Capital structure
    • Earnings management
    • Corporate restructurings
    • Auditor selection

Citations

Notable Publications

Jiraporn, P., Kim, J.C., and Kim, Y.S. (2010). Dividend payouts and corporate governance quality: An empirical analysis. The Financial Review, forthcoming.

Ahn, S., Jiraporn, P., & Kim, Y.S. (2010). Multiple directorships and acquirer returns. Journal of Banking and Finance, forthcoming.

Jiraporn, P. & Liu, Y. (2010) The effects of CEO power on bond ratings and yields. Journal of Empirical Finance, forthcoming.

Jiraporn, P., Davidson, W. N., DaDalt, P., & Ning, Y. (2010). Too busy to show up? An analysis of directors’ absences. Quarterly Review of Economics and Finance, forthcoming.

Jiraporn, P. & Chintrakarn,P. (2010) Staggered boards, managerial entrenchment, and dividend policy. Journal of Financial Services Research, forthcoming.

Jiraporn, P., Singh, M., & Lee, C.I. (2009). Analyzing ineffective corporate governance: Director busyness and board committee memberships. Journal of Banking and Finance, 33(5), 819.

Jiraporn, P. & Davidson, W.N. Regulation, shareholder rights, and corporate governance: An empirical note. Applied Economics Letters, forthcoming.

Charoenwong, C. & Jiraporn, P. Earnings management to exceed thresholds: Evidence from Singapore and Thailand, Journal of Multinational Financial Management, forthcoming.

Jiraporn, P. & Liu, Y. Capital structure, staggered boards, and firm value, Financial Analysts Journal, forthcoming.

Jiraporn, P. & Gleason, K.C. (2007). Delaware incorporation and earnings management: An empirical analysis. Journal of Applied Finance, Spring/Summer.

Jiraporn, P. & Gleason, K. (2007). Capital structure, shareholder rights, and corporate governance, Journal of Financial Research, 30, 21-33.

Jiraporn, P., Kim, Y.S., Davidson, W.N., & Singh, M. (2006). Corporate governance, shareholder rights, and firm diversification: An empirical analysis. Journal of Banking and Finance, 30(3), 947-963.

Jiraporn, P., Kim, Y.S., Davidson, W.N. Multiple directorships and corporate diversification, Journal of Empirical Finance.

Jiraporn, Pornsit (2006). Corporate governance, shareholder rights, and Arthur Andersen. Journal of Applied Finance, Fall/Winter.

Jiraporn, P. & Ning, Y. (2006). Dividend policy, shareholder rights, and corporate governance. Journal of Applied Finance, Fall/Winter. A summary of this article is featured in CFA Digest, 2007, Vol.37, No.4.

Yoon, S., Miller, G., & Jiraporn, P. (2006) Earnings management vehicles in Korean firms, Journal of International Financial Management and Accounting, 17(2), 85-109.

Davidson, W.N., Jiraporn, P., Kim, Y.S., & Nemac, Carol. (2004) Earnings management following duality-creating successions: Ethnostatistics, impression management, and agency theory, Academy of Management Journal, 47(2), 267-275.

Jiraporn, P. & Kitsabunnarat, P. Debt maturity structure, shareholder rights, and corporate governance. Journal of Applied Finance.

Other Refereed Publications (selected)

Jiraporn, Pornsit, W.N. Davidson, and Hong Qian, 2004, MBO withdrawals and determinants of stockholders' wealth, Quarterly Journal of Business and Economics (University of Nebraska - Lincoln) Vol. 43 (3), 13-29.

Jiraporn, Pornsit, Y.S. Kim, and I. Mathur, Forthcoming, Does corporate diversification exacerbate or mitigate earnings management? An empirical analysis, International Review of Financial Analysis (Elsevier Science).

Jiraporn, Pornsit, 2005, An empirical analysis of corporate takeover defenses and earnings management: Evidence from the U.S., Applied Financial Economics (University of Warwick, U.K.) Vol.15 (5), 293-303, Sole-authored.  (Featured in The Bowne Review for CFO's and Investment Bankers, June, 2005)

Davidson, W.N., Pornsit Jiraporn, and P. DaDalt, 2006, Causes and consequences of audit shopping: An analysis of auditor opinions, earnings management, and auditor changes, Quarterly Journal of Business and Economics (University of Nebraska - Lincoln).

Jiraporn, Pornsit, Y.S. Kim, and W. N. Davidson, 2005, CEO compensation, shareholder rights, and corporate governance: An empirical investigation, Journal of Economics and Finance.

Jiraporn, Pornsit, 2006, Share repurchases, shareholder rights, and corporate governance, North American Journal of Economics and Finance (Elsevier Science), 35-47, Sole-authored, (Top 5 most requested articles, Jan.- Mar., 2006, Elsevier Science).

Jiraporn, Pornsit, G. Miller, S.S. Yoon, and Y.S. Kim, Forthcoming, Is earnings management opportunistic or beneficial? An empirical analysis, International Review of Financial Analysis (Elsevier Science), (Top 5 most requested articles, Jan.- Mar., 2007, Elsevier Science).

Jiraporn, Pornsit, 2007, ESOPs and earnings management: An empirical note, Applied Financial Economics Letters - Sole-authored.

Jiraporn, Pornsit, and P. DaDalt, Forthcoming, Does founding family control affect earnings management, Applied Financial Economics Letters.

Book Chapters

Jiraporn, Pornsit, Y.S. Kim, W.N. Davidson, and Hong Qian, Forthcoming, "Management buyout consummation: An analysis of corporate governance, firm characteristics and stock market reactions," Focus on Accounting and Finance Research (Nova Science Publishers)

Non-refereed Publications

Tsunami: A view from home, Prism (The official magazine of Texas A&M International University, Laredo, Texas)

Conference Presentations

"Does corporate governance affect capital structure?" Financial Management Association 2008, Dallas, Texas

"Multiple directorships and acquirer returns," Financial Management Association 2006, Orlando, Florida
 
"Does founding family control affect earnings management," Financial Management Association 2006, Salt Lake City, Utah

"Multiple directorships and corporate diversification," Financial Management Association 2006, Salt Lake City, Utah

"Too busy to show up? An analysis of directors' absences," Financial Management Association 2006, Salt Lake City, Utah

"Capital structure and corporate governance quality," Financial Management Association 2006, Salt Lake City, Utah

"Incorporation along the U.S.- Mexican border: An empirical analysis," Conference on Global Trade and Investment Challenges for Western Hemispheric Development 2006, Laredo, Texas

"Dividend policy, shareholder rights, and corporate governance," Financial Management Association 2005, Chicago, Illinois
 
"Capital Structure, shareholder rights, and corporate governance," Asian Financial Management Association 2005, Kuala Lumpur, Malaysia

"Capital structure, shareholder rights, and corporate governance," Cross-border Workshop of Economics and Finance 2005, Laredo, Texas

"Earnings management to exceed thresholds: Evidence from Singapore and Thailand," Asian Financial Management Association 2005, Kuala Lumpur, Malaysia

"Does corporate diversification exacerbate or mitigate earnings management? An empirical analysis," Financial Management Association 2004, New Orleans, Louisiana

"Corporate governance, shareholder rights, and firm diversification: An empirical analysis," Financial Management Association 2004, New Orleans, Louisiana

"Does corporate diversification exacerbate or mitigate earnings management?: An empirical analysis," European Financial Management Association, 2004, Zurich, Switzerland

"Management buyout consummation: An empirical study," Financial Management Association 2003, Denver, Colorado

"MBO withdrawals and determinants of shareholders' wealth," Financial Management Association, 2003, Denver, Colorado

"Why are some MBOs never consummated? An analysis of corporate governance, firm characteristics and stock market reactions," Eastern Finance Association, 2003, Orlando, Florida

"MBO withdrawals and determinants of shareholders' wealth," Eastern Finance Association, 2003, Orlando, Florida

FMA Doctoral Student Seminar 2001, Financial Management Association, 2001, Toronto, Canada

Invited Presentations

National Institute of Development Administration, Thailand, August 2007

Nanyang Technological University, Singapore, May, 2007

Chulalongkorn University, Bangkok, Thailand, August 2007, August 2006

Pennsylvania State University, Great Valley, Malvern, PA, November 2006, December 2005

State University of New York (SUNY), Plattsburgh, NY, December 2005

California State University, Los Angeles, CA, December 2005

California State University, Dominguez Hills, CA, December 2005

Indiana University, South Bend, IN, April 2005

University of Maine, Orono, ME, March 2005

University of South Carolina, Upstate, SC, March 2005

University of Texas at Brownsville, TX, February 2005

New York Institute of Technology, Old Westbury, NY, February 2005

Adelphi University, Garden City, NY, March 2005

Montclair State University, Upper Montclair, NJ, March 2005

Texas A&M International University, Laredo, TX, October 2001

University of Wisconsin, Eau Claire, WI, November 2001

Professional Services

Referee for:

Journal of Banking and Finance (2)

Financial Analysts Journal

The Financial Review

International Review of Economics and Finance

Applied Financial Economics (University of Warwick, U.K)

Corporate Governance: An International Review

Journal of the Academy of Marketing Science (Special issue on marketing/finance interface)

Program Committee Member 

Eastern Finance Association Conference 2007, New Orleans, LA

Financial Management Association Conference, 2007, Orlando, FL