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Pukthuanthong’s main research interests are entrepreneurial finance, valuation, international finance and asset pricing. She received B.A. in Economics from Chulalongkorn University, Thailand, M.B.A. in Finance from Washington University, and Ph.D. in Finance from University of California, Irvine. In the area of Finance, she is specialized in Some of her research has been published in the Journal of Financial Economics, Journal of Financial Markets, Journal of Corporate Finance, Financial Review, Economic Note, Pacific Basin Finance Journal, Applied Financial Economics, Financial Analysts Journal, Journal of Investment Management, Journal of Portfolio Management, Global Finance Journal, and Venture Capital Journal.
Dr. Pukthuanthong is a Lamfalussy Fellow at the European Central Bank in 2010.
Dr. Pukthuanthong is a Professor-in-Residence at Research Affiliates, Newport Beach, CA.
Pukthuanthong’s refereed research articles
International finance and asset pricing
● Market fragility and international crises with Dave Berger, Forthcoming, Journal of Financial Economics
● Gold and the dollar (and the euro, pound, and yen) with Richard Roll, Journal of Banking and Finance 2011, 35(8), 2070-2083.
● International diversification with frontier markets application with Dave Berger and Jimmy Yang , Journal of Financial Economics 2011, 101(1), 227-242.
● Global market integration: A better way to measure it and its application with Richard Roll , Journal of Financial Economics 2009, 94(2), 214-232.
● Idiosyncratic Volatility and Stock Returns: A Cross Country Analysis with Nuttawat Visaltanachoti , a lead article Applied Financial Economics 2009, 19(16), 1269-1281.
● Commonality in Liquidity: Evidence from Stock Exchange of Thailand co authored with Nuttawat Visaltanachoti, Pacific-Basin Finance Journal Jan 2009, 17(1), 80-99.
● Who benefits from market integration? A comparative study of Yankee IPOs from high and low integrated markets, Journal of Financial Transformation, 2010, 29(1), 116-130.
● Multinational Finance and Global Financial Market Integration in forthcoming Handbook of Technology Management, Hossein Bidgoli (ed), John Wiley & Sons, Inc.
● Crash of ‘08 co-authored with Dr. Lee R. Thomas III published in the Capco Institute Bulletin (below is the article) and the Global Association of Risk Professionals, December 2008.
Currency trading
● Weak Form Efficiency in Currencies: and Update and an Explanation co-authored with Lee Thomas, Financial Analyst Journal May-June 2008, 64(3), 31-52.
● Do Foreign Exchange Markets Still Trend? co-authored with Lee Thomas and Richard Levich , Journal of Portfolio Management Fall 2007, 1-5.
● Random Walk Currency Futures Profits Revisited co-authored with Carlos Bazan and Lee Thomas, International Journal of Managerial Finance, 2007, 3(3), 263-286.
● Asset Allocation Barbells co-authored with Lee Thomas, Frank J. Fabozzi’s Handbook of Finance: Investment Management and Financial Management, John Wiley and Sons, ISBN-10: 0470078154
IPO pricing
● IPO Pricing, Block Sales, and Long Term Performance with Nikhil Varaiya , a lead article, Financial Review 2007, 42 (3), 1-30.
● Underwriter Learning about Unfamiliar Firms: Evidence from the History of Biotech IPOs, Journal of Financial Markets 2006, 9(4), 366-407.
● Are IPO Auctions Celebrating a Comeback: U.S. Evidence with Nikhil Varaiya and Thomas Walker , a lead article, Venture Capital Journal, 2007, 9(4), 1-39.
● Leverage, Pre-IPO Insider Ownership, and Underpricing: high-tech versus low-tech IPOs with Thomas Walker and Jaemin Kim , Management Decision, 46(1), March 2008.
● Pre-IPO Insider Ownership and Underpricing: High-tech versus Low-tech IPOs with Thomas Walker, forthcoming Financial Decisions.
● IPO Valuation, forthcoming Frank J. Fabozzi’s Handbook of Finance: Investment Management and Financial Management, John Wiley and Sons, ISBN-10: 0470078154
IPO and stock option
● How Employee Stock Options and Executive Equity Ownership Affect Long term IPO Operating Performance with Richard Roll and Thomas Walker, Journal of Corporate Finance 2007, 13, 695-720.
● IPO Firm Executives, Compensation, and Selling with Jaemin Kim, Journal of Entrepreneurial Finance and Business Ventures, 2006, 11(1).
Family IPOs
● Do IPOs in countries where firms have high family control benefit from more prestigious underwriters? with Thomas Walker, a lead article, Multinational Business Review, 2009, 16(2)
● Family Firm IPO Performance and IPO Signals with Hung-bin Ding, Journal of Enterprising Culture, 2009, 17(1), 55-77.
Venture capital
● Venture Capital in China: A Culture Shock for Western Investors with Thomas Walker, Management Decision, 2007, 45, 708 – 731.
● Why Venture Capital Markets Are Well Developed in Some Countries But Comparatively Small in Others: Evidence from Europe with Dolruedee Thiengtham and Thomas Walker, in Venture Capital in Europe, Greg N. Gregoriou, Maher Kooli and Roman Kräussl (eds.), Elsevier, Amsterdam, The Netherlands, November 2006.
● Venture Capital in Europe: Closing the Gap to the U.S., with Andreas Oehler, Marco Rummer, and Thomas Walker, in Venture Capital in Europe, Greg N. Gregoriou, Maher Kooli and Roman Kräussl (eds.), Elsevier, Amsterdam, The Netherlands (lead chapter, November 2006
Employee stock options
● Investors Like Firms that Expense Employee Stock Options And They Dislike Firms that Fail to Expense with Richard Roll and Fayez Elayan, Journal of Investment Management 2005, 3(1), 75-98.
Sovereign credit rating
● Equity and Debt Market Responses to Sovereign Credit Ratings Announcements with Fayez Elayan and Lawrence Rose, Global Finance Journal, 2007, 18(1), 47-83
Corporate finance
● Investor Reaction to Inter-corporate Business Contracting: Evidence and Explanation with Fayez Elayan and Richard Roll, Economic Notes 2006, 35(3), 253-291.
Event study
● On the Stock Markets Reaction to Major Railroad Accidents: An Empirical Analysis with Thomas Walker and Sergey Barabanov, Journal of the Transportation Research Forum, Spring 2006, 45(1), 23-39.
Aviation
● The international aviation insurance regime in times of industry uncertainty with Triant Flouris, Paul Hayes, and Thomas Walker, International Journal of Private Law, 2(4), 343-357, 2009.
Profit warning
● Why warn? The impact of profit warnings on shareholder’s equity with Fayez Elayan, International Research Journal Investment Management and Financial Innovation, 2009, 6(4), 164-176.
● Why should we like firms that voluntarily disclose? Evidence from profit warning firms, forthcoming Journal of Investing
View a full list of her publication here
Contact Information
Collage of Business Administration, Student Service East Building Room 3400, San Diego State University, 5500 Campanile Drive San Diego CA 92182-8230; Telephone: 619-594-5690; Fax: 619-594-3272; E-mail: kpukthua@mail.sdsu.edu
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