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Kam C. "Johnny" Chan, Ph.D., CFA

Gordon Ford College of Business
Western Kentucky University


 

EXPERIENCE
  • Leon and Ruby Mai Page Chair and Professor of Finance, Western Kentucky University, Bowling Green, KY 42101 (2003-present).
  • Associate Professor of Finance, University of Dayton, Dayton, OH 45469 (1999-2003).
  • Associate Professor of Finance, University of Wisconsin-Parkside, Kenosha, WI 53141 (1996-1999).
  • Assistant Professor / Associate Professor of Finance, Moorhead State University, Moorhead, MN 56560 (1990-1996).

 
EDUCATION

  • Chartered Financial Analyst (2000), CFA Institute, Charlottesville, Virginia.
  • Ph.D. in Finance; M.A. in Finance; M.A. in Economics (1986 to 1990), University of Alabama, Tuscaloosa, Alabama.
  • B.Soc.S. in Economics, Chinese University of Hong Kong, Hong Kong.

 
 PUBLICATIONS (* indicated at WKU)

  • *Kam C. Chan , H. Fung, and S. Thapa (2006). China Financial Research: A Review and Synthesis, International Review of Economics and Finance, forthcoming.
  • *Kam C. Chan, P. Lung, and C. Shum (2006). Directional Accuracy of Self-Efficacy and Student Performance in a Senior-Level Finance Course, Journal of Financial Education, forthcoming.
  • *C. Brown, Kam C. Chan, and P. Lai (2005). Marketing journal co-authorships: an empirical analysis of co-author behavior, Journal of Marketing Education, forthcoming.
  • *Leo H. Chan, Kam C. Chan, and W.K. Leung (2005). Institutional interventions and performance of futures markets in China. Emerging Markets Finance and Trade, forthcoming.
  • *Kam C. Chan, C. Chen, and P. Lung (2005). A ranking of finance programs in the Asia-Pacific region: an update, Pacific-Basin Finance Journal, forthcoming.
  • *Kam C. Chan , C. Shum, and I. Chhachhi (2005). The performance of transfer versus 'native' students in principles of finance, Journal of Financial Education, forthcoming.
  • *Kam C. Chan , L. Cheng, and P. Lung (2005). Testing the net buying pressure hypothesis during the Asian financial crisis: evidence from HSI options, Journal of Financial Research, forthcoming.
  • *Kam C. Chan, L. Cheng, and P. Lung (2005). Asymmetric v olatility and trading activity in i ndex futures option, Financial Review , Volume 40, No. 3, 381-407.
  • *L. Cheng, Kam C. Chan, B. Mak (2005). Strategic share allocation and underpricings of IPOs, International Business Review, Volume 14, No. 1, 41-59.
  • *Kam C. Chan , H.G. Fung, and P. Lai (2005). Membership on editorial boards and rankings of school with international business orientation, Journal of International Business Studies, Volume 36, No. 4, 452-469.
  • *Kam C. Chan , Carl Chen, and L. Cheng (2005). Ranking research productivity in accounting for Asia-Pacific universities. Review of Quantitative Finance and Accounting, Volume 24, 47-64.

Note: Cited in the University of New South Wales website at http://www.unsw.edu.au/news/adv/articles/2004/nov/Accounting_School_TopMNE.html

  • * Leo H. Chan, Kam C. Chan, and Edward R. Wolfe (2005).Using The Essays of Warren Buffett: Lessons
    for Corporate America     in the classroom, Journal of Financial Education, Volume 31, Spring, 30-41.

Note: This is the third most downloaded paper in Social Science Research Network in the A22 category
(Teaching of Economics: Undergraduate) http://papers.ssrn.com/sol3/Jeljour_results.cfm?code=A22&Network=No&SortOrder=numHits&stype=desc

  • *Kam C. Chan , L. Cheng, and P. Lung (2004). Net buying pressure, implied volatility smiles, and abnormal trading profit of HSI options, Journal of Futures Markets, Volume 24, 1165-1194.
  • *Kam C. Chan, H.G. Fung, and W.K. Leung (2004). Daily volatility behavior in Chinese Futures Markets, Journal of International Financial Markets, Institutions, and Money, Volume 14, No. 5, 491-505.
  • *Kam C. Chan and Connie Shum (2004). An empirical analysis of a cumulative/re-work testing strategy: its effect on student performance in principles of finance, Journal of Financial Education, Volume 30, Winter, 16-31.
  • *L. Cheng, Kam C. Chan , and L. Pi (2004). The performance of US international funds during the Asian financial crisis, Academy of Accounting and Financial Studies Journal, Volume 8, No. 2, 35-52.
  • *Leo Chan, Kam C. Chan, and Louis T.W. Cheng (2004). The effect of extended trading hours on the information flow between cash and futures markets, Journal of Emerging Markets, Volume 9, No. 1, 5-15.
  • *J. Fung, L. Cheng, and Kam C. Chan (2004). The impact of the costs of subscription on measured IPO returns: the Case of Asia, Journal of Corporate Finance, Volume 10, No. 3, 459-465.
  • *L. Cheng, Kam C. Chan, and K. Cheng (2004). Do fifteen minutes matters? Finance Letters, Volume 2, No. 2.
  • *Kam C. Chan, Carl Chen, and Tom Steiner (2004). Research productivity of the finance profession in Europe, Journal of Business Finance and Accounting, Volume 31, No. 3 & 4, 177-213.
  • *Kam C. Chan and Connie Shum (2003). Creativity and student perceived interest in the finance profession,Journal of Financial Education, Volume 29, Winter, 43-64.
  • *Kam C. Chan, L. Cheng, and P. Lung (2003). Moneyness and the response of the implied volatilities to price changes: the empirical evidence from HSI options, Pacific-Basin Finance Journal , Volume 11, No. 4, 527-553.
  • *L. Cheng, Kam C. Chan, R. Chan (2003). Publications in major marketing journals: an analysis of research productivity of Asia-Pacific universities, Journal of Marketing Education, Volume 25, No. 2, 163-176.
  • *Kam C. Chan and Robert Fok (2003). Membership on editorial boards and finance department rankings, Journal of Financial Research, Volume 26, No. 3, 405-420.
  • Kam C. Chan and Joanne Li (2003). Decaf or Regular? A study of the impact of time-compressed learning on student performance of the MBA Investments course, Journal of Financial Education, Volume 29 (Spring), 12-25.
  • Louis Cheng, Kam C. Chan, L. Pi, and L. Guinn (2003). Predicting mutual fund returns: a portfolio commonality approach, International Journal of Business, Volume 8, No. 1, 63-86.
  • Kam C. Chan , Carl Chen, and Tom Steiner (2002). Production in the finance literature, institutional reputation, and labor mobility in the academia: a global perspective, Financial Management, Volume 31, No. 4, 131-156.

Note: Cited in web pages at: Southern Illinois University at Carbondale, Northern Illinois University, Hong Kong University of Science and Technology, the University of Houston, Ohio State University, City University Business School, and Wilfrid Laurier University.

  • Carl Chen, Kam C. Chan, and Thomas Steiner(2002). Are security analysts homogenous? Journal of Financial Research, Volume 25, No. 3, 415-430; abstracted in The CFA Digest, May 2003, Volume 33, No. 2, 31-32; reviewed and discussed by Robert A. Olsen in Journal of Behavioral Finance , 2003, Volume 4, No. 2, p109.
  • Kam C. Chan , Carl Chen, and Thomas Steiner (2001). Research productivity of the finance profession in the Asia-Pacific region. Pacific-Basin Finance Journal, Volume 9, No. 3, 265-280.

Note: This is the most requested paper in 2001 in ECONbase among all the papers published in the Journal.

  • Kam C. Chan, David Wright, and Ming-Shiun Pan (2001). Divergent expectation and cross correlation in Asian emerging market closed-end country funds, Journal of Emerging Markets, Volume 6, No. 2, 52-59.
  • Kam C. Chan (2001).A retrospective evaluation of International Review of Economics and Finance (1992-2001), International Review of Economics and Finance, Volume 10, No. 4, 407-417.
  • Kam C. Chan (2001). A citation-based ranking of journals in finance: some new results, Journal of Financial Education, Volume 27, No. 2, 36-52.
  • Kam C. Chan , Louis Cheng, Joseph Fung (2001). Ownership restriction and stock price behavior in China, Chinese Economy, Volume 34, No. 1, 29-48 and in Hung-Gay and Kevin Zhang ed. Financial Market and Foreign Investment in Greater China. M.E. Sharpe Publisher.
  • Ming-Shiun Pan, Kam C. Chan, and David Wright (2001). Divergent expectations and closed-end country funds during the Asian Finance Crisis, Journal of Financial Research, Volume 24, No. 2, 219-238.
  • Kam C. Chan , Robert Fok, and Ming-Shiun Pan (2000). Citation-based finance journal rankings: an update, Financial Practice and Education, Volume 10, No. 1, 132-141.
  • Connie Shum and Kam C. Chan (2000). The effectiveness of interactive television distance learning in principles of finance, Financial Practice and Education, Volume 10, No. 1, 175-183.
  • Kam C. Chan , Michele Gee, and Thomas Steiner (2000). Employee happiness and corporate financial performance, Financial Practice and Education, Volume 10, No. 2, 47-52.
  • Frank Reilly, David Wright, and Kam C. Chan (2000). Bond market volatility compared to stock market volatility, Journal of Portfolio Management, Volume 27, No. 1, 82-92; abstracted in The CFA Digest, May 2001, Volume 31, No. 2, 63-64.
  • Pikki Lai and Kam C. Chan (2000). Should class attendance be mandatory? Atlantic Economic Journal, Volume 28, No. 3, 377. (Anthology section)
  • Kam C. Chan , Robert Fok, and Ming-Shiun Pan (2000). To what journals in financial research should your library subscribe? Journal of Financial Education, Volume 26, No. 1, 40-49.
  • Louis Cheng, Joseph Fung and Kam C. Chan (2000). Pricing dynamics of index options and index futures in Hong Kong before and during the Asian Financial Crisis,Journal of Futures Markets, Volume 20, No. 2, 145-166.
  • Louis Cheng, Joseph Fung and Kam C. Chan (1998). The impact of index options trading on the constituent stocks in Hong Kong,Journal of Emerging Markets, Volume 3, No. 3, 69-92.
  • Wenchi Kao, Louis Cheng, and Kam C. Chan (1998). International mutual fund performance in up and down market conditions, Financial Review, Volume 33, No. 2, 127-144.
  • Rajiv Kalra, Kam C. Chan, and Pikki Lai (1997). Time on market and sales price of residential housing: a note,Journal of Economics and Finance, Volume 21, No. 2, 63-66.
  • Kam C. Chan , Ming-Shiun Pan, and Louis Cheng (1997). Market efficiency and cointegration: some evidence in Pacific-Basin black exchange markets, Journal of Economics and Finance, Volume 21, No. 1, 25-31.
  • Kam C. Chan , Connie Shum, and David Wright (1997). Class Attendance and Student Performance in Principle of Finance, Financial Practice and Education, Volume 7, No. 2, 58-65.
  • Joseph Fung, Louis Cheng, and Kam C. Chan (1997). The intraday pricing efficiency of Hang Seng index options and futures markets, Journal of Futures Markets, Volume 17, No. 7, 797-815.
  • Ming-Shiun Pan, Kam C. Chan, Robert Fok (1997). Do currency futures prices follow random walk? Journal of Empirical Finance, Volume 4, No.1, 1997:1-15. 
  • Kam C. Chan , Stefan Norrbin, and Pikki Lai (1997). Are stock and bond prices collinear in the long run? International Review of Economics and Finance, Volume 6, No. 2, 193-201.
  • Kam C. Chan , Benton Gup and Ming-Shiun Pan (1997). International stock market efficiency and integration: a study of eighteen nations, Journal of Business Finance and Accounting, Volume 24, No. 6, 1997: 803-813.
  • Ming-Shiun Pan, Angela Liu, and Kam C. Chan (1996). An examination of long-term dependence in black market foreign exchange rates in eight Pacific-Basin countries, International Review of Economics and Finance, Volume 5, No. 2, 175-185.
  • Kam C. Chan , Connie Shum, and Pikki Lai (1996).  An empirical study of cooperative instructional environment on student achievement in principles of finance, Journal of Financial Education, Volume 22, Fall, 1996, 21-28.  
  • Rajiv Kalra, Kam C. Chan, and Gary Raines (1996). The effect of equity-for-debt swap on security returns: some new evidence, Journal of Financial and Strategic Decisions, Volume 9, No. 2, 69-84.
  • Kam C. Chan , Louis Cheng, and Joseph Fung (1996). Stock market seasonality in China: a GARCH analysis, in Mi Yiu ed. The Emerging Chinese Securities Markets, World Press Publisher, 289-299. (In Chinese)
  • Kam C. Chan and H.K. Wu (1995). Another look on the bond market seasonality: a note, Journal of Banking and Finance, Volume 19, No. 6, 1995: 1047-1054; summary reprinted in This Week in High Yield, Merrill Lynch & Co., February 9, 1996, p.5.
  • Kam C. Chan , Marsha Weber, and Michelle Johnson (1995). Using `Other People's Money' in the classroom, Financial Practice and Education, Volume 5, No. 1, 1995:123-127. 
  • Kam C. Chan and Connie Shum (1995). The importance of practical experience for academic finance professionals: a self-assessment, Financial Practice and Education, Volume 5, No. 1, 1995:90-95. 
  • Louis Cheng and Kam C. Chan (1995). A comparative analysis on the characteristics of international takeovers, Journal of Business Finance and Accounting, Volume 22, No. 5, 637-657. 
  • Ming-Shiun Pan, Kam C. Chan, and Robert Fok (1995). The Distribution of Currency Futures Price Changes: A Two-Piece Mixture of Normals Approach, International Review of Economics and Finance, Volume 4, No. 1, 69-78.
  • Joseph Fung and Kam C. Chan (1995). Overfunded pension plans, early termination, and asset allocation strategies, Journal of Financial and Strategic Decisions, Volume 8, No. 2, 77-84.
  • Joseph Fung and Kam C. Chan (1994). On the arbitrage-free pricing relationship between index futures and index options: a note, Journal of Futures Markets, Volume 18, No. 8, 957-962.
  • Kam C. Chan , Fabio Pereira, and James Yoder (1994). Close Matching of Option and Treasury Bill Maturities and Option Pricing Accuracy, Midwestern Journal of Business and Economics, Volume 9, No. 2, 43-54.
  • Rajiv Kalra and Kam C. Chan (1994). Censored sample bias, macroeconomic factors, and time on market of residential housing, Journal of Real Estate Research, Volume 9, No. 2, 253-262.
  • Kam C. Chan and H.K. Wu (1993). Bond market seasonality and business cycles, International Review of Economics and Finance, Volume 2, No. 4, 377-386.
  • Kam C. Chan , Ming-Shiun Pan, and H.K. Wu (1993). An Investigation of the Empirical Distribution of Bond Returns, Journal of Economics and Business, Volume 45, No. 2, 159-167.
  • Kam C. Chan and Pikki Lai (1993). Unit root and cointegration tests of world stock prices, in Stanley Stansell ed. International Financial Market Integration, Blackwell Publisher, 278-287.
  • Kam C. Chan , Benton Gup, and Ming-Shiun Pan (1992). An empirical analysis of stock prices in major Asian markets and the U.S., Financial Review, Volume 27, No. 2, 289-307; abstract reprinted in ISFA Digest, International Society of Financial Analysts, Volume 4, No. 3, Fall, 1992, 33-34; summary reprinted in Financial Management Collection, Volume 8, No. 2, Spring/Summer, 1993, 18.
  • Kam C. Chan , Benton Gup, and Ming-Shiun Pan (1992). Market efficiency and cointegration tests for foreign currency futures markets, Journal of International Financial Markets, Institutions and Money, Volume 2, No. 1, 79-89.
  • Stefan Norrbin and Kam C. Chan (1991). Causes of differences on the purchasing power parity across countries, Journal of International Financial Markets, Institutions and Money, Volume 1, No. 4, 29-41.
  • Ming-Shiun Pan, Stefan Norrbin, and Kam C. Chan (1991). Variance ratio tests of foreign exchange rates, International Journal of Finance, Volume 3, No. 2, 88-116.

PROFESSIONAL SERVICES

  • Academic: 
  • Director, Midwest Finance Association (2004-present);
  • Editorial board member:

Journal of Economic and Financial Education (2002-present);

Chinese Economy (2004-present);

Journal of Business Disciplines (2005-present);

Journal of Emerging Markets (2005-present).

  • External Examiner for a Master of Philosophy (Finance) student, Hong Kong Baptist University, 1998.
  • Grader for the CFA examinations, Association of Investment Management and Research, 2001-2004.
  • Tenure and promotion reviewer: the University of South Florida (2003), the University of Idaho (2001), Seattle University (2003), Seattle University (2004), Western Connecticut State University (2003), Loyola College in Maryland (2004), and United Arab Emirates University (2005).
  • External Examiner, Master of Applied Accounting and Finance, Hong Kong Baptist University, 2004.
  • External Examiner, Master of Philosophy in Economics, Chinese University of Hong Kong, 2005.

 
2. Referees:

  • Chinese Economy;
  • Emerging Markets Finance and Trade;
  • Financial Review;
  • Financial Practice and Education ;
  • Financial Service Review;
  • Global Finance Journal ;
  • International Economic Review ;
  • International Economic Journal;
  • International Journal of Business ;
  • International Journal of Finance ;
  • International Review of Economics and Finance ;
  • Journal of Business Research;
  • Journal of Corporate Finance;
  • Journal of Economics and Business ;
  • Journal of Economics and Finance ;
  • Journal of Economics and Finance Education;
  • Journal of Financial Education;
  • Journal of Financial Research;
  • Journal of Futures Markets ;
  • Journal of International Business Studies ;
  • Journal of International Financial Markets, Institutions, and Money;
  • Journal of Multinational Financial Management;
  • Journal of International Money and Finance ;
  • Pacific Economic Review;
  • Quarterly Journal of Business and Economics;
  • Review of Quantitative Finance and Accounting.

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 Last Modified 3/16/18