James Ang

Bank of America Eminent Scholar in Finance
James Ang
529 RBA
Academic Specialty
Corporate Finance

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. Ang is the Bank of America Eminent Scholar. He was a former two terms Editor of the journal, Financial Management, and a past president of Financial Management Association International.

He was a Visiting Professor at the London Business School (UK), Purdue University, and Concordia University (Montreal). He was also the Director of Graduate Studies and Professor of Finance at the Oklahoma State University. He has given lectures and presentations in Asia (China, Hong Kong, Singapore, South Korea, Philippines), Europe (U.K, the Netherlands), Israel and Canada.

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. 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.

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.


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

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)
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!