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MSFE Contact Information:

msfe@kent.edu
MSFE Prog Administrator
302 Business Admin. Bldg.
Kent, OH 44242
Phone............... 330.672.2426
Fax................... 330.672.9806

Dr. John Thornton

Dr. John ThortonDr. John Thornton, Associate Professor of Finance, teaches the Fixed Income Markets course in the Financial Engineering Program. His research interests include financial institution issues and the effect of managerial incentives on firms' risk management decisions. His research has appeared in Journal of Finance, Journal of Banking and Finance, Financial Review, Pacific-Basin Finance Journal, Financial Services Review, and Journal of Investing. He currently has papers forthcoming in Journal of Corporate Finance and Global Finance Journal.

Dr. Thornton joined Kent State University in 1999 after earning his Ph.D. from Georgia State University. Prior to earning his Ph.D. he worked for 18 years for Georgia Federal Bank, FSB. He performed several functions for the bank including Mortgage Loan Office, Director of Systems and Procedures, and Assistant to the President. His final position was Senior Vice President in charge of Product Development and Research. In that role he was a member of the bank's Asset Liability Committee - the group responsible for the risk management activities of the bank. His research interests include financial institutions and managerial incentive issues. He has published articles in the Journal of Finance, Journal of Banking and Finance, Financial Review, Journal of Investing and Financial Decisions.

Prior to entering banking Dr. Thornton served 4 years as an officer in the US Navy. He served on the USS Trepang SSN 674, a fast attack nuclear submarine. He was qualified as Officer of the Deck, Engineering Officer of the Watch and Diving Officer. His duties included Reactor Control and Engineering Officer and Communications Officer.

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Courses
Taught
:

MSFE Fixed Income Markets Spring 2008
PhD Theory of Corporate Finance Spring 2008

MBA Financial Markets and Institutions Fall 2007
EMBA Financial Planning and Strategy Fall 2007

MSFE Fixed Income Markets Spring 2007
MBA Financial Management II Spring 2007
EMBA Money and Capital Markets Spring 2007

MSFE Fixed Income Markets Spring 2006
PhD Theory of Corporate Finance Spring 2006
EMBA Money and Capital Markets Spring 2006

MBA Financial Markets and Institutions Fall 2005
Undergraduate The Financial System Fall 2005

MSFE Fixed Income Markets Spring 2005
Undergraduate The Financial System Spring 2005

MBA Financial Markets and Institutions Fall 2004
Undergraduate The Financial System Fall 2004


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areas of

research interest:

Determinants of Derivatives Use by Corporations, Stock Repurchases in the Korean Market, Determinants of Financial System Development, Executive Financial Incentives, Mutual Fund Fee Structures.

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PUBLISHED

Papers:

Kim, Young Sang, Jouahn Nam, and John H. Thornton Jr., “Risk Taking Incentives from Managerial Bonus Plans and Corporate Derivatives Usage,” Journal of Multinational Financial Management, In Press.

Nam, Jouahn, Charles Tang, John H. Thornton Jr., and Kevin Wynne, 2006, “The Effect of Agency Costs on the Value of Single Segment and Multi-Segment Firms,” Journal of Corporate Finance 12, 761-782.

Lee, Yong-Gyo, Sung-Chang Jung, and John H. Thornton Jr., 2005, “Long-Term Stock Performance after Open-Market Repurchases in Korea,” Global Finance Journal 16, 191-209.

Jung, Sung-Chang, Yong-Gyo Lee, and John H. Thornton Jr., 2005, “An Empirical Comparison between Operations of Stabilization Funds and Stock Repurchases in Korea,” Pacific-Basin Finance Journal 13, 319-341.

Curcio, Richard J., Joanna M. Lipka, and John H. Thornton Jr., 2004, “Cubes and the Individual Investor,” Financial Services Review 13, 123-138.

Curcio Richard J., Grimm, Richard C., and John H. Thornton Jr., 2003, “Investment Banking Relationships and Analysts’ Optimism: Conflict of Interest or Information Edge?” Financial Decisions 15, 1-23.

Curio, Richard J., NyoNyo A. Kyaw, and John H. Thornton Jr., 2003, “Do the Size, Book-to-Market and Beta Factors Explain Mutual Fund Returns?” Journal of Investing 12, 80-86.

Nam, Jouahn, Richard E. Ottoo, and John H. Thornton Jr., 2003, “The Effect of Managerial Incentives to Bear Risk on Corporate Capital Structure and R&D Investment,” Financial Review 38, 77-101.

Knopf, John D., Jouahn Nam, and John H. Thornton Jr., 2002, “The Volatility and Price Sensitivities of Managerial Stock Option Portfolios and Corporate Hedging,” Journal of Finance 57, 801-813.

Evans, Jocelyn D., Thomas H. Noe, and John H. Thornton Jr., 1997, “Regulatory Distortion of Management Compensation: The Case of Golden Parachutes for Bank Managers,” Journal of Banking and Finance 21, 825-848.

 

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WORKING

Papers:

Ghosh, Suvankar, Marvin D. Troutt, and John H. Thornton Jr., “An Empirical Method for Assessing the Research Relevance Gap,” under review at the European Journal of Operational Research.

Jung, Sung-Chang, Yong-Gyo Lee, and John H. Thornton Jr., “Good Timing? Stock Repurchases Followed by Stock Reissues in Korea,” under review at the Journal of Finance.

Aggarwal, Raj, Michael Merriman, and John H. Thornton Jr., “Religious Market Concentration and Financial Development,” in preparation for third submission to the Journal of Finance.

Nam, Jouahn, John H. Thornton Jr., P. V. Viswanath, and Jun Wang “Information Revelation through Dividend Initiations” in preparation for second submission to the Quarterly Review of Economics and Finance

Thornton, John H. Jr., “Determinants of Fees Charged by Mutual Fund Families,” in preparation for submission.

Gottesman, Aron A., Jouahn Nam, John H. Thornton Jr., and Jun Wang, “NYSE Listings and Firm Borrowing Costs: An Empirical Investigation,” in preparation for submission.

Aggarwal, Raj, and John H. Thornton Jr., “Assessing Capital Projects Under Interest Rate Uncertainty: Practicality of Using Callable Rates to Adjust Discount Rates,” in preparation for submission.

Aggarwal, Raj, and John H. Thornton Jr., “The Employee Stock Option Disclosure Practices of Large US Corporations,” in preparation for submission.



UPCOMING EVENTS

 

April 3 & 4, 2008
APFRS, Seoul Korea

May 5 & 9, 2008

Final Exam