James Ang

Bank of America Eminent Scholar in Finance
James Ang
Faculty
Location
529 RBA
Phone
850-644-8208
Academic Specialty
Corporate Finance
Education

Ph.D. Purdue University
M.S. Industrial Administration, Purdue University
B.S. Chemical Engineering, University of the Philippines

Areas of Expertise

Theory and Empirics

Dr. James Ang is a Bank of America Eminent Scholar in the Department of Finance at Florida State University’s College of Business. His current research interests include various new applications in corporate finance, including human capital and patents in corporate investments and M&A, the role of social status in executive compensation, IPO design, voice for small investors and social capital in high-tech firms investments. His publications have appeared in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance and Financial Management. Ang has given lectures and presentations in China, Hong Kong, Singapore, South Korea, the Philippines, the United Kingdom, the Netherlands, Israel and Canada. 

Previously, he served as a visiting professor at the London Business School, Purdue University and Concordia University. He also was the director of Graduate Studies and professor of finance at the Oklahoma State University. Ang has formerly held the positions of editor of the journal Financial Management and president of the Financial Management Association International. 

Ang earned his bachelor’s degree in chemical engineering from the University of the Philippines, his master’s degree in industrial administration from Purdue University and his doctoral degree in finance from Purdue University.

Selected Published Research

Ang, James, Yingmei Cheng, and Chaopeng Wu, Does enforcement of intellectual property rights matter in China? Evidence from financing and investment choices in the high tech industry"  Review of Economics and Statistics (forthcoming). 

Ang, James, Yingmei Cheng, and Chaopeng Wu, Trust, Investment, and Business Contracting,  Journal of Financial and Quantitative Analysis (forthcoming).        

Ang, James and James Brau, Concealing and confounding adverse signals: Insider wealth maximizing behavior in the IPO process. Journal of Financial Economics, (January 2003), 149-172. 

Ang, James S, Rebel Cole, and James Wuh Lin, "Agency Costs and Ownership Structure,"  Journal of Finance, (February, 2000), 81-106.

Ang, James S., David Blackwell, and William Megginson, "The Effect of Taxes on the Relative Valuation of Dividends and Capital Gains: Evidence from Dual-Class British Investment Trusts," Journal of Finance (March, 1991), 383-99.

Ang, James S. and Thomas Schwarz, "Risk Aversion and Information Struc­ture:  An Experimental Study of Price Variability in the Securities Market," Journal of Finance (July 1985), 825-44.

Peterson, Pamela P., David R. Peterson, and James S. Ang, "Direct Evidence on the Marginal Tax Rate on Dividends, Journal of Financial Economics (June 1985), 267-82.

Ang, James S. and David Peterson, "Return, Risk and Yield:  Evidence from Ex-Ante Data," Journal of Finance (June 1985), 537-48.

Ang, James S. and Pamela P. Peterson, "The Leasing Puzzle," Journal of Finance (September 1984), 1055-1066.

Textbooks

Van Frederikslust, Ruud, James Ang, and Sudi Sudarsanam, Corporate Governance and Corporate Finance: A European Perspective, 2008, Routledge Publisher, London, U.K.

Interesting Facts

Dr. Ang's wife, Josephine (Hospitality), as well as his sons, Darwin (Chemistry and Anthropology) and Kevin (Economics and MBA) are all graduates of Florida State University!

Honors and Awards
  • John S. Day Distinguished Alumni Academic Service Award, Krannert Graduate School of Management, Purdue University (1995)
  • The William R. Jones, Most  Valuable Mentor Award (First Place) for supervising African American Doctoral candidates, The McKenzie Foundation (November, 1998)