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SDSU Corporate Governance Researchers

Lori RyanDirector, SDSU Corporate Governance Institute

[email protected]

Lori Ryan's research focuses primarily on the intersection of business ethics and corporate governance, with a special emphasis on the roles, characteristics, and responsibilities of institutional and individual investors.

Maria Goranova and Lori Verstegen Ryan (Eds.). 2015. Shareholder Empowerment. New York: Palgrave Macmillan.

Maria Goranova and Lori Verstegen Ryan. 2014. "Shareholder Activism: An Interdisciplinary Review." Journal of Management. 40: 1230-1268.

Marguerite Schneider and Lori Verstegen Ryan. 2011. “Hedge Funds and Their Investor Activism: Do They Help or Hurt Other Equity Investors?” Journal of Management and Governance. 15: 349-374.

Lori Verstegen Ryan, Ann K. Buchholtz, and Robert W. Kolb. 2010. “New Directions in Corporate Governance and Finance: Implications for Business Ethics Research.” Business Ethics Quarterly. 20: 673-694.

Cynthia Clark Williams and Lori Verstegen Ryan. 2007. “Courting Shareholders: The Ethical Implications of Altering Corporate Ownership Structures.” Business Ethics Quarterly. 17: 669-688.

  • Reprinted in C. Sri Krishna (Ed.). 2010. Corporate Ethics. Hyderbad, India: Icfai University Press Hyderabad. 196-221.

Melinda Vaughn and Lori Verstegen Ryan. 2006. “Corporate Governance in South Africa: A Bellwether for the Continent?” Corporate Governance: An International Review. 14: 502-512.

Lori Verstegen Ryan. 2006. “Foundation and Form of the Field of Business Ethics.” Journal of Private Enterprise. 22 (2): 34-49.

Lori Verstegen Ryan. 2005. “Corporate Governance and Business Ethics in North America: The State of the Art.” Business & Society. 44: 40-73.

  • Reprinted in Jeremy Moon, Marc Orlitzky, and Glen Whelan (Eds.). 2011. Corporate Governance and Business Ethics. Northampton, MA: Edward Elgar Publishing.
  • Reprinted in Deon Rossouw and Alejo Jose Sison (Eds.). 2006. Global Perspectives on the Ethics of Corporate Governance. New York: Palgrave MacMillan. 187-220.

Lori Verstegen Ryan and Marguerite Schneider. 2003. “Institutional Investor Power and Heterogeneity: Implications for Agency and Stakeholder Theories.” Business & Society. 42: 398-429.

Lori Verstegen Ryan and Bryan S. Dennis. 2003. “The Ethical Undercurrents of Pension-fund Management: Establishing a Research Agenda.” Business Ethics Quarterly. 13: 315-335.

  • Reprinted in Thomas Clarke and Marie dela Rama (Eds.). 2007. Fundamentals of Corporate Governance. Thousand Oaks, CA: Sage Publications. Vol. 4: 36-53.

Lori Verstegen Ryan and Marguerite Schneider. 2002. “The Antecedents of Institutional Investor Activism.” Academy of Management Review. 27: 554-573.

  • Reprinted in Thomas Clarke and Maria dela Rama (Eds.). 2007. Fundamentals of Corporate Governance. Thousand Oaks, CA: Sage Publications. Vol. 1: 301-325.
  • Winner of the 2003 Financial Investments Award, sponsored by Seton Hall University and NJPRO Foundation.

Lori Verstegen Ryan and Ann K. Buchholtz. 2001. “Trust, Risk, and Shareholder Decision-making: An Investor Perspective on Corporate Governance.” Business Ethics Quarterly. 11: 177-193.

Lori Verstegen Ryan. 2000. “Shareholders and the Atom of Property: Fission or Fusion?” Business & Society. 39: 49-75.

Taekjin Shin[email protected]

Taekjin Shin’s research focuses on how social, psychological, and institutional factors affect corporate governance, particularly in the areas of executive compensation and executive succession. 

Taekjin Shin. 2017. “Workforce Downsizing and Shareholder Value Orientation Among Executive Managers at Large U.S. Firms.” Research in the Sociology of Work: Emerging Conceptions of Work, Management and the Labor Market. 30: 185-217.

Taekjin Shin and Jihae You. 2017. “Pay for Talk: How the Use of Shareholder-value Language Affects CEO Compensation.” Journal of Management Studies. 5: 88-117.

Taekjin Shin. 2016. “Fair Pay or Power Play? Pay Equity, Managerial Power, and Compensation Adjustments for CEOs.” Journal of Management 42: 419-448.

Yuanyuan Sun and Taekjin Shin. 2014. “Rewarding Poor Performance: Why Do Boards of Directors Increase New Options in Response to CEO Underwater Options?” Corporate Governance: An International Review. 22: 408-421.

Taekjin Shin. 2014. “Explaining Pay Disparities Between Top Executives and Nonexecutive Employees: A Bargaining Power Approach.” Social Forces. 92: 1339-1372.

Taekjin Shin. 2013. “The Shareholder Value Principle: The Governance and Control of Corporations in the United States.” Sociology Compass. 7: 829-840.

Taekjin Shin. 2013. “Asian Immigrant Women in the U.S. Labor Market: A comparison of Migrant and Nonmigrant Koreans.” European Journal of Social and Humanistic Sciences. 2: 42-54.

Taekjin Shin. 2012. “CEO Compensation and Shareholder Value Orientation Among Large U.S. Firms. The Economic and Social Review 43(4): 535-559.

Taekjin Shin. 2012. “The Gender Gap in Executive Compensation: The Role of Female Directors and Chief Executive Officers (CEOs).” The Annals of the American Academy of Political and Social Science. 639: 256-276.

Taekjin Shin. 2009. “Earnings Onequality Within Organizations.” Social Science Research. 38: 225-238.

Taekjin Shin. 2008. “Profits and Pay at Large U.S. Corporations.” Best Paper Proceedings of the 2008 Academy of Management Meeting.

Taek-Jin Shin. 2007. “The Impact of Structural Dynamics on Job Mobility Rates in the United States.” Social Science Research. 36: 1301-1327.

Neil Fligstein and Taekjin Shin. 2007. “Shareholder Value and the Transformation of the U.S. Economy, 1984-2000. Sociological Forum. 22: 399-424.

Neil Fligstein and Taek-Jin Shin. 2003. “The Shareholder Value Society: A Review of the Changes in Working Conditions and Inequality in the U.S. 1976-2000.” Indicators 2(4): 5-43.

sundaramurthy[email protected]
(619) 594-4845

Chamu Sundaramurthy's current research lies at the interface of strategic management, corporate governance, entrepreneurship, and innovation. She has studied the interrelationships among corporate governance mechanisms (such as boards of directors), governance and strategic decisions of firms, shareholder actions, and firm performance in large public corporations. Her current research on governance focuses on family businesses and IPO firms, and her emerging interest is in the alignment between governance and innovation in social enterprises.

Chamu Sundaramurthy, Kuntara Pukthuanthong-Le & Yasemin Kor. 2014. “Positive and Negative Synergies between the CEO’s and the Corporate Board’s Human and Social Capital: A Study of Bio-technology Firms.” Strategic Management Journal. 35: 845–868.

Yasemin, Kor. and Chamu Sundaramurthy. 2009. “Experience-based human capital and social capital of outside directors.” Journal of Management, 35: 981- 1006.

Chamu Sundarammurthy. 2008. “Sustaining Trust within Family Businesses.” Family Business Review, 21: 89-102.

  • Top 10 downloaded articles from FBR in 2008.

Chamu Sundaramurthy and Michelle Dean. 2008. “Family Business Openness to External Influence and International Sales: An Empirical Examination.” Multinational Business Review, 16.

Chamu Sundaramurthy and Glen E. Kreiner. 2006. “Governing by Managing Identity Boundaries: The Case of Family Businesses.” Entrepreneurship Theory & Practice. 32: 415-436.

Chamu Sundaramurthy, Dawna L. Rhoades, and Paula L. Rechner. 2005. “A Meta-analysis of the Effects of Executive and Institutional Ownership on Firm Performance.” Journal of Managerial Issues. 17: 494-510.

Chamu Sundaramurthy and Marianne Lewis. 2003. “Control and Collaboration: Paradoxes of Governance.” Academy of Management Review. 28: 397-415.

Chamu Sundaramurthy. 2002. “Style Over Substance? Hands-on or Hands-off?” Board Member. June: 8-9.

Dawna Rhoades, Paula Rechner, and Chamu Sundaramurthy. 2001. “A Meta-analysis of Board Leadership Structure and Organizational Performance: Are 'Two Heads Better Than One?'” Corporate Governance: An International Review. 9: 311-319.

Chamu Sundaramurthy. 2000. “Antitakeover Provisions and Shareholder Interests: A Review and a Contingency Model.” Journal of Management. 5: 1005-1030.

Dawna Rhoades, Paula Rechner, and Chamu Sundaramurthy. 2000. “Board Composition and Financial Performance: A Meta-analysis of the Influence of Outside Directors.” Journal of Managerial Issues. 12: 76-91.

Chamu Sundaramurthy and Doug Lyon. 1998. “Potential Conflict of Interests between Inside and Outside Shareholders: The Case of Shareholder Governance Proposals.” Journal of Managerial Issues. 10: 30-44.

James Mahoney, Chamu Sundaramurthy, and Joseph Mahoney. 1997. “The Effects of Corporate Antitakeover Provisions on Long-Term Investment: Empirical Evidence.” Managerial and Decision Economics. 18: 1-17.

Chamu Sundaramurthy, Joseph Mahoney, and James Mahoney. 1997. “Board Structure, Type of Antitakeover Provision, and Stock Price Effects.” Strategic Management Journal. 18: 231-245.

Chamu Sundaramurthy and Paula Rechner. 1997. “Conflicting Shareholder Interests: An Empirical Analysis of Fair Price Provisions.” Business & Society. 36: 73-87.

James Mahoney, Chamu Sundaramurthy, and Joseph Mahoney. 1996. “The Differential Impact on Stockholder Wealth of Various Antitakeover Provisions.” Managerial and Decision Economics. 17: 531-549.

Chamu Sundaramurthy, Paula Rechner, and Weiran Wang.1996. “Governance Antecedents of Board Entrenchment: The Case of Classified Board Provisions.” Journal of Management. 22: 783-799.

Chamu Sundaramurthy. 1996. “Corporate Governance within the Context of Antitakeover Provisions.” Strategic Management Journal. 17: 377-394.

W. G. Douglas Fernandez[email protected]
(619) 594-3261

W. G. Douglas Fernandez’s research takes a multidisciplinary approach to corporate governance by exploring the individual-, team-, and firm-level factors that enable boards of directors to effectively serve as strategic advisors to firms engaging in international expansion. He also examines how directors’ characteristics and cognition affect boards’ attention to various stakeholder groups.

W.G. Douglas Fernandez and Chamu Sundaramurthy. “Boards’ Relevant Experience and International Strategy:  A Recipe for Success or a Case of Too Many Cooks?” Presented at the annual meeting of the Academy of Management, August 2018, Chicago, IL, USA.

Gaston de los Reyes, W.G. Douglas Fernandez, Steve Sauerwald, and Weichieh Su. 2017.  “The CSR Implications of Cross-national Diversity in Corporate Governance Systems.” Paper presented at the annual meeting of the Society for Business Ethics, August 2017, Atlanta, GA, USA.

W.G. Douglas Fernandez and Meredith Burnett. 2014. “Women in the Boardroom and Community Stakeholder Performance: A Cognitive Perspective.” Paper presented at the annual meeting of the Academy of Management, August 2014, Philadelphia, PA, USA.

W.G. Douglas Fernandez and Sumit Kundu. 2014. “Board Capital and Cross-Border M&A Performance—The Moderating Role of Internal Social Ties.” Paper presented at the annual meeting of the Academy of International Business, June 2014, Vancouver, BC, Canada.

W.G. Douglas Fernandez and Jose Mauricio Geleilate. 2013. “Boards and the Adoption of Novel Practices: The Moderating Role of Board Receptivity.” Paper presented at the annual meeting of the Strategic Management Society, October 2013, Atlanta, GA, USA.

Martina Musteen[email protected]
(619) 594-8346

Martina Musteen's research focuses on how corporate governance practices affect firms' decisions to internationalize. She is also interested in how board structure impacts corporate reputation.

Martina Musteen, Deepak Datta, & Benedict Kemmerer. 2010. “Corporate Reputation: Do Board Characteristics Matter?” British Journal of Management. 21: 498-510.

Deepak Datta, Martina Musteen, & Pol Herrmann. 2009. “Board Characteristics, Managerial Incentives and the Choice between Foreign Acquisitions and International Joint Ventures.” Journal of Management. 35: 928-953.

Martina Musteen, Deepak Datta, & Pol Herrmann. 2009. “Ownership Structure and CEO Compensation: Implications for the Choice of Foreign Market Entry Mode.” Journal of International Business Studies. 40: 321-338.

David DeBoskey[email protected]
(619) 594-2376

David DeBoskey's research explores the effects of corporate governance on loss provisions and earnings management in the banking industry, and corporate transparency and its impact on cost of capital and CEO compensation, including accounting for stock options. He also examines the impact of ownership concentration on the use of outside contractors, which can be directly linked to firms' corporate governance structure.

David G. DeBoskey, Yan Luo, and Linying Zhou. 2018. “CEO Power, Board Oversight, and Tone of Earnings Announcements.” Review of Quantitative Finance and Accounting.

David G. DeBoskey, Yan Luo, and Jeff J. Wang. 2018. “Do Specialized Board Committees Impact the Transparency of Corporate Political Disclosure? Evidence from S&P 500 Companies.” Review of Accounting and Regulation.

David DeBoskey and Wei Jiang. 2012. “Earnings Management and Auditor Specialization in the Post-SOX Era: An Examination of the Banking Industry.” Journal of Banking and Finance. 36: 613-623.

David DeBoskey and Peter Gillett. 2011. “The Impact of Multi-dimensional Corporate Transparency on U.S. Firms' Credit Ratings and Cost of Capital.” Review of Quantitative Finance and Accounting.

David DeBoskey and Kevin Lightner. 2011. “Accounting for Stock Options: A Comparative Simulation for Straight-Line and Graded Vesting Attributions Methods.” CPA Journal, August: 50-53.

Leon Chan, David DeBoskey, and Gene Whittenburg. 2009. “The Impact of the Managerial Ownership Concentration on the Usage of Independent Contractors in Operations.” Journal of Business and Behavioral Sciences, 20(2): 69-86.

Yan Luo[email protected]

Yan Luo’s research investigates the relationships among corporate governance, audit quality, and corporate disclosure in both U.S. and international settings. Her current research focuses on the economic consequences of governance quality; the determinants and consequences of the transparency of corporate disclosures; the determinants of audit quality; and the usefulness of auditing information to macroeconomists and equity market investors.

David G. DeBoskey, Yan Luo, and Linying Zhou. 2018. “CEO Power, Board Oversight, and Tone of Earnings Announcements.” Review of Quantitative Finance and Accounting.

David G. DeBoskey, Yan Luo, and Jeff J. Wang. 2018. “Do Specialized Board Committees Impact the Transparency of Corporate Political Disclosure? Evidence from S&P 500 Companies.” Review of Accounting and Regulation.

Yan Luo and Linying Zhou. 2017. “Managerial Ability, Tone of Earnings Announcement and Market Reaction.” Asian Review of Accounting. 25: 454-471.

Yan Luo and Victoria Krivogorsky. 2017. “The Materiality of Directors’ and Officers’ Insurance Information:  Case for Disclosure.” Research in Accounting Regulation. 29: 69-74.

Janie Chang, Yan Luo, and Linying Zhou. 2017. “Audit Deficiency and Auditor Workload: Evidence from PCAOB Triennially Inspected Firms.” Review of Accounting and Finance. 16: 478-496.

Yutao Li and Yan Luo. 2017. “The Contextual Nature of the Association between Managerial Ability and Audit Fees.” Review of Accounting and Finance. 16: 2-20.

Yan Luo and Victoria Krivogorsky. 2016. “What Does Directors’ and Officers’ Liability Insurance Tells Us About Corporate Governance? Probing the Insurance Underwriting Process.” Corporate Governance: Principles, Practices, and Challenges: 199-211.  New York: Nova Science Publishers.

Yan Luo and S. E. Salterio. 2014. “Governance Quality in a ‘Comply or Explain’ Governance Disclosure Regime.” Corporate Governance: An International Review 22: 460–481.