JOHN S. JAHERA, JR.
Bobby Lowder Professor of Finance
Department of Finance
College of Business
Auburn University, AL 36849
Phone: 334/844-5344
Fax: 334/844-4960

E-MAIL: jaherjs@auburn.edu



EDUCATION:
 

University of Georgia

Ph.D.

1981

Finance

University of Georgia

MBA

1977

Finance

University of Georgia

B.S.

1971

Mathematics

Augusta State University

----

 

Mathematics



HONORS & RECOGNITIONS:



EXPERIENCE:

DISSERTATION TITLE:

"Bank Liability Management: Theory, Models, and Empirical Evidence"
Major Professor: Joseph F. Sinkey, Jr.

 

COURSES TAUGHT:



 
RESEARCH  PUBLICATIONS:

 

Hilliard, Jitka, John S. Jahera, Jr.  and Haoran Zhang. “The US Financial Crisis and Corporate Dividend Reactions: For Better or For Worse?   Forthcoming in  Review of Quantitative Finance and Accounting.

 

Jahera, John S., Jr. “Bank Asset-Liability Management Theory Revisited”.  Journal of Banking and Finance Management. Vol.1 Issue 1 (2018), 39-47.

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr.”What is the Best Strategy for a Private Firm: IPO or Sale.?   International Journal of Business Management and Commerce. Vol. 2 No. 3 (2017), 1-8.

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr. “Can Non-Accredited Investors Find and Invest in the next Unicorn ?”  Alternative Analyst Investment Review. Vol. 6 Issue 1 (2017), 76-84.

 

Barth, James R., Jahera, J.S., Jr. & Sunghoon Joo.  "The State of State Pension Plans:  Challenges Ahead."  Most Important Concepts in Finance edited by Benton Gup., Edward Elgar Publishing, (2017), 229-249,

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr. “Company for Sale:  Private or Public Investor?”  Forthcoming in the Academy of Economics & Finance Journal.

 

Gropper, D. M., Jahera, J.S., Jr. & Jung C. Park. “U.S. Bank performance, economic freedom, and powerful political connections – how are they related?” London School of Economics Business Review.  Invited article. Nov., 2015.

 

Gropper, D.M., Jahera, J.S., Jr. and Jung Chul Park.  “Political power, economic freedom and Congress; Effects on bank performance.”  Journal of Banking & Finance.  Volume 60, November 2015, Pages 76-92

 

Barth, James R., Jitka Hilliard, J. S. Jahera, Jr. and Yanfei Sun.  “How Do Regulations Affect the Concentration of Payday Lenders in Neighborhoods Throughout the United States?   Journal of Economics & Business. Vol. 84 (March-April 2016), pp. 14-29.

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr. “No Longer a Death Knell:  Banks Delist and Deregister following the JOBs Act.”  Banking & Finance Review. Vol. 7 No. 2 (2015), pp. 1-14.

 

Jensen, M., Marshall, B. and J. Jahera, Jr.  “Crowdfunding Investing:  Does It make  Sense for Individual Investors?”  Academy of Economics & Finance Journal. Vol. 6 (2015), pp. 69-77.

 

Jensen, M., Marshall, B. and J. S. Jahera, Jr. “Should Crowdfunding Investors Rely on Lists of the Best Private Companies?”  Corporate Finance Review. Vol.19 No. 6 (2015), pp. 4-15.

 

Barth, James, Hilliard, Jitka & J.S. Jahera, Jr. “Banks and Payday Lenders:  Friends or Foes” International Advances in Economic Research. Vol. 21 No 2 (2015), pp. 139-153.

 

Roubi, R., Herath, H. and J. S. Jahera, Jr. “Evidence on Earnings Management by Integrated Oil and Gas Companies.”   Handbook of Financial Economics & Statistics. Editor:  C.F. Lee & John Lee. Springer Press. 2015.  http://www.springer.com/business+%26+management/finance/book/978-1-4614-7749-5?utm_medium=newsletter&utm_campaign=AUT23687_1&utm_source=email&wt_mc=email.newsletter.1.AUT23687.internal_1&cm_mmc=sgw-_-ps-_-book-_-978-1-4614-7749-5

 

Chen, Xuejie, Asheber Abebe, Kehao Zhang and J.S. Jahera, Jr. “Country Banking Crisis Prediction Using Transvariation Analysis.”  Review of Pacific Basin Financial Markets and Policies. Vol. 18 No. 1 (2015, pp. 1-21.

 

Jensen, M., Marshall, B. and J. S. Jahera, Jr. “The JOBS Act:  Has It Brought Back the IPO?” Journal of Corporate Accounting and Finance.  (2014) .

 

Lin, Dongyun, Barth, J.R., Jahera, J.S. and K. Yost. “Cross-border Bank Mergers and Acquisitions:  What Pulls and Pushes Banks Together?”  Review of Pacific Basin Financial Markets & Policies. Vol. 16 No 4, (2013).

 

Jensen, M., Marshall, B. and J. S. Jahera, Jr. “Retaining Majority Ownership and Control after the IPO.” Journal of Corporate Accounting and Finance.  Vol.2 No. 2, Jan-Feb.(2014), pp. 57-65.

 

Jensen, M., Marshall, B. B. and J. S. Jahera, Jr. “When IPOs Migrate.”   Academy of Economics & Finance Journal.  Vol. 4 (2013), pp. 31-38.

 

Gropper, D., Jahera, J. and Park, J. “Does it Help to Have Friends in High Places? Bank Stock Performance and Congressional Committee Chairmanships”.     Journal of Banking & Finance, Vol. 37, Issue 6, June (2013), pp. 1986–1999.

 

Li, Hao, Jahera, J.S., Jr. and K. Yost.  “Corporate Risk and Corporate Governance: Another View.”   Managerial Finance. Vol. 39 No. 3 (2013), pp. 204-227.

 

Jensen, M., Marshall, B. and J. S. Jahera, Jr. “Global Trends:   U.S. IPO Market Declines.” Journal of Corporate Accounting and Finance., Vol. 23 No. 6 (2012), pp. 17-28.

 

Barth, J. R., Jahera, J. S., Jr., Phumiwasana, T. & Yost, K. “What Determines the Number and Value of Bank Mergers and Acquisitions Around the Globe?”   Banking and Finance Review. Available at: <http://www.bankingandfinancereview.com/bfr/index.php/bfr/article/view/272/95> Vol. 4 No. 1 (2012).

 

Angkinand, P., J.R. Barth, J.S. Jahera, Jr., T. Phyumiwasana & C. Wihlborg. “Regulatory and Market Forces in Controlling Bank Risk Taking:  A Cross-Country Analysis.”  Advances in Business & Management, Edited by W. Nelson. Vol. 4., (2012), pp. 191-196.

Herath, Hemantha & John S. Jahera, Jr. "Real Options and their Impact on Mergers and Acquisitions.”  . The Art of Capital Restructuring:  Creating Shareholder Value through Mergers and Acquisitions. Kent Baker and Halil Kiymaz (eds), John Wiley & Sons, Inc. 2010.

Bertus, Mark, Gallyamova, Renata,. S. Jahera, Jr. & Keven Yost.. "The Impact of the Sarbanes-Oxley Act on the Premia Paid in Mergers and Acquisitions."  Journal of Financial Practice and Education.  Vol. 9, No. 1 (2008), pp. 39-51.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost.. "Capital Structure, Corporate Governance and the Effect of Sarbanes-Oxley."  Corporate Ownership and Control.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost.. "A Note on Foreign Bank Ownership and Private Monitoring:  An International Comparison."    Journal of Banking and Finance.  Vol. 32 (2008), pp. 338-345.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost.. "Sarbanes-Oxley, Corporate Governance and Strategic Dividend Decision."   Corporate Ownership and Control.

Clayton Ronnie J., J. S. Jahera, Jr. & Bill Schmidt. "Estimating Capital Market Parameters:  CRSP Versus Yahoo Data."    Advances in Investment Analysis & Portfolio Management. Edited by C.F. Lee. 2009.

Barth, James, R., Mark, Bertus & John S. Jahera, Jr. "Credit Cards Worldwide: Benefits for Issuers and Users."   The Chinese Banker. July (2007), pp. 87-89.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost.  "To Be Euro or Not to Be:  A Comparative Analysis of Banking Systems."   Applied Financial Economic LettersVol. 3 No. 6 (2007), pp. 391-396.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost. "The Relation Between Bank Regulation and Performance:  A Cross-Country Analysis."   Banks and Banking Systems.  Vol. 2 No. 3 (2007), pp. 32-45.

Jahera, John S. Jr.  "Education for the Educated:  An Administrative Perspective."   Journal of Executive Education.  Vol. 5 No. 1 (2006), pp. 1-7.

Jahera, John S., Jr., Daniel E. Page and Carl D. Hudson.  "Financial Condition and Performance of Savings and Loans: A Retrospective Look at Mutual to Stock Conversions."   Investment Management and Financial Innovation.  Vol. 3 No. 2 (2006), pp. 77-87.

Goff, Delbert C., Don R. Cox and John S. Jahera, Jr.  "Hiring Finance Faculty Members:  A Guide for New Department Chairs."   Financial Decisions.  Vol. 17 No. 2 (September 2005)., pp. 1-17.

Gropper, Daniel M. & J. S. Jahera, Jr. "CEO Compensation & the Fortune 100 Best Places to Work."   Corporate Finance Review.  Vol. 9, No. 6 ( May/June 2005), pp. 19-28.

Herath, Hemantha and J.S. Jahera, Jr. "Valuing Forest Investments:  An Application to British Columbia Small Forestry Businesses."  Operational Flexibility in an International Context, edited by Lenos Trigeorgis.  Oxford University Press.  2005.

Herath, Hemantha, J. S. Jahera, Jr. & Raafat R Roubi.  "A Perspective on Bank Mergers and the Role of Antitakeover Mechanisms." Financial Institutions and Services edited by E. Klein. Nova Publishers Inc.  2005.

Oswald, S., W.N. Pugh and J. S. Jahera, Jr.  "ESOP Adoption and Corporate Performance: Does Motivation Matter?"  Journal of Business & Economic Studies, Vol. 11, No. 1 (Spring,  2005), pp. 76-02.

Herath, Hemantha S.B. and J. S. Jahera, Jr. "Measuring and Accounting for Market Price Risk Tradeoffs as Real Options in Stock for Stock Exchanges,"   Advances in Management Accounting, Editors:  Marc J. Epstein & John Y. Lee,  Elsevier, Inc. Amsterdam,  Vol. 12 (2004), pp. 191-218.

Herath, Hemantha S.B. and J. S. Jahera, Jr. "Real Options:  Valuing Flexibility in Strategic Mergers & Acquisitions as an Exchange Ratio Swap,”  Managerial Finance, Vol. 28, No. 12 (2002), pp. 47-64.

Herath, Hemantha and J.S. Jahera, Jr. "Operational Risk in Bank Acquisitions:  A Real Options Approach to Valuing Managerial Flexibility,"  Advances in Operational Risk: Firm-wide Issues for Financial Institutions, Risk Books, London, UK, 2001, pp. 53-65.  2nd Edition, 2003, pp. 59-71.

Herath, Hemantha, Jahera, J.S., Jr. and Park, Chan. "Real Option Analysis and Corporate R&D Strategies:  How Can a Firm  Decide Which R&D Projects to Fund?"    Corporate  Finance Review., Vol. 5, No. 3 (November/December 2000), pp. 11-22.  

Oswald, S., W.N. Pugh and J.S. Jahera, Jr. "The Effect of ESOP Adoptions on Corporate Performance: Are There Really Performance Changes?"    Managerial and Decision Economics , Vol. 21, No. 5 (2000), pp. 167-180. 

Crutchley, C.E., Marlin R. H. Jensen, J.S. Jahera, Jr., & Jennie E. Raymond. "The Simultaneity of the Dividend Decision."   International Review of Financial Analysis. Vol. 8, No. 2 (1999), pp. 177-197.

Barth, James R., Ray Chou and J.S. Jahera, Jr. "The U.S. Banking Industry in Transition." Banking in North America:  NAFTA and Beyond, Jerry Haar and Krishnan Dandapani, Editors. Elsivier Science, Ltd. Oxford, UK, 1999, pp. 53-80.

Angur, Madhukar, Nataraajan, Rajan and Jahera, J.S., Jr. "An Assessment of Service Quality in the Banking Industry of a Developing Economy."  International Journal of Bank Marketing . Vol. 17, No. 3, (1999), pp. 116-123.

Pugh, W., Jahera, J., & S. Oswald. "ESOPs, Takeover Protection and Corporate Decision Making."  Journal of Economics & Finance.  Vol. 23, No. 2 (Summer 1999), pp. 170-184.

Barth, J.R., Daniel E. Page & J.S. Jahera, Jr. "Abnormal Returns of Thrift Versus Non-Thrift IPOs." Journal of Economics & Finance. Vol. 23, No. 1 (Spring 1999), pp. 16-23.

Pettigrew, E., Daniel E. Page, J.S. Jahera, Jr. & James R. Barth, "Thrift Conversions and Windfall Profits: An Empirical Examination,"  Journal of Real Estate Finance & Economics.  Vol. 18, No. 3 (1999).

Barth, James R., Daniel M. Gropper and J.S. Jahera, Jr. "A Multi-Country Analysis of Bank Capital and Earnings." Review of Pacific Basin Financial Markets and Policies, Vol. 1, No. 2 (June 1998), pp. 123-155.

Pugh, W.N. and Jahera, J.S., Jr. "State Antitakeover Legislation and Firm Financial Policy."  Managerial and Decision Economics. Vol. 18 No. 7/8 (November-December 1997), pp. 681-692.

Jahera, J.S., Jr. and David A. Whidbee. "Bank Shareholder Returns and Risk: An International Perspective." Managerial Finance, Vol. 23 No. 11 (1997), pp. 79-96.

Gardiner, L., Oswald, S. and Jahera, J.S., Jr. "Prediction of Hospital Failure: A Post-PPS Analysis." Hospital and Health Services Administration, Vol. 41, No. 4, (Winter 1996), pp. 441-460.

D. E. Page, J.S. Jahera, Jr., W.N. Pugh. "The Effect of Takeover Defenses on the Firm Dividend Decision." Journal of Economics and Finance. Vol. 20, No. 3 (Fall 1996), pp. 49-58.

Swamy, P.A.V.B., James R. Barth, Ray Y. Chou & John S. Jahera, Jr. "Determinants of U.S. Commercial Bank Performance: Regulatory and Econometric Issues," Presented at the Federal Reserve Board, Washington, D.C., April, 1995. Research in Finance , Vol. 14, (1996), pp. 117-156.

Jahera, J.S., Jr., Marlin R. H. Jensen and Claire E. Crutchley. "Institutional Owners: Short-Term Investors or External Monitors?"  International Journal of Finance , Vol. 8, No. 2, 1996.

Pugh, W.N., J.S. Jahera, Jr., & D. E. Page "The Influence of Antitakeover Charter Amendments on Capital Structure Decisions." Advances in Financial Planning and Forecasting , Vol. 6, (1995), pp. 1-14.

Jahera, J.S., Jr. & W. P. Lloyd. "An Empirical Assessment of the Factors Affecting Corporate Debt Levels." Managerial Finance, Vol. 22, No. 2, (1996), pp. 29-38.

Barth, James R., Pugh, W.N. and J.S. Jahera, Jr. "FIRREA: Was there a Wealth Effect for Savings and Loans?" The Mid-Atlantic Journal of Business, Vol. 31, No. 3, (December 1995), pp. 271-282.

Barth, James R., Carl D. Hudson, & J.S. Jahera, Jr. "S&L Closures and Survivors: Are There Systematic Differences in Behavior?" The Causes and Consequences of Depository Institution Failures edited by Allin F. Cottrell, Michael Lawlor and John Wood. Kluwer Academic Publishing, 1995.

Barth, James R. & John S. Jahera, Jr. "La Actividad Bancaria Estadunidense En Transición." Transiciones Financieras Y Tlc edited by Antonio Gutiérrez Pérez and Celso Garrido Noguera. (1994), Ariel Economia: Mexico.

Barth, James, R., Carl D. Hudson, & J.S. Jahera, Jr. "Risk-Taking in the Texas S&L Industry: Charter and Ownership Effects." Funding provided by the Garn Institute of Finance. The Financial Review, Vol. 30, No. 1 (February 1995), pp. 115-137.

Pugh, W.N. & J.S. Jahera, Jr. "Evidence of Market Overreaction to State Antitakeover Legislation." Managerial Finance. Vol. 21 No. 5, (1995), pp. 52-66.

 Lloyd, W. P. and J.S. Jahera, Jr. "The Effect of the Degree of Ownership Control on Profitability and Market Value. International Journal of Finance, Vol. 6 No. 4 (1994), pp. 931-941.

Shvetz, Julia & J.S. Jahera, Jr. "Development of Investment Opportunities in the "New" Russia: An Inside Perspective." International Journal of Development Banking, Vol. 12 No. 2 (July 1994), pp. 11-18.

Oswald, S., L. Gardiner, & J. Jahera. "Ownership Effects on Operating Strategies: Evidence of Expense Preference Behavior in the Hospital Industry." Managerial and Decision Economics. Vol. 15 No. 3 (May-June 1994), pp. 235-244.

Lloyd, W. P. & J.S. Jahera, Jr. "Firm Diversification Effects on Performance as Measured by Tobin's Q." Managerial and Decision Economics. Vol. 15 No. 3 (May-June 1994), pp. 259-266.

Jahera, J.S. Jr., S. O. Oswald, & K. McMillan. "The Relationship Between the Effectiveness of Risk Diversification and Corporate Performance." Journal of Applied Business Research . Vol. 9, No. 3 (Summer, 1993), pp. 1-11.

Oswald, S., Gardiner, L. & Jahera, J. "Strategic Indicators of Hospital Closures Under PPS and Blue Cross/Blue Shield Cost- Based Reimbursements." Journal of Hospital Marketing . Vol. 6 No. 2 (1992), pp. 149-182.

Barth, James R. & J.S. Jahera, Jr. "Banks Must Be Able to Compete to Survive." Forum for Applied Research and Public Policy. Vol. 7 No. 2 (Summer, 1992), pp. 53-57.

Lloyd, W. P. & J.S. Jahera, Jr. "Additional Evidence on the Validity of ROI as a Measure of Business Performance." Mid- Atlantic Journal of Business. Vol. 28 No. 1 (June, 1992), pp. 97-104.

Hudson, C. H., J.S. Jahera, Jr. & W. P. Lloyd. "Further Evidence on the Relationship Between Ownership and Performance." The Financial Review. Vol. 27, No. 2 (May, 1992).

Pugh, W., Page, D., & Jahera, J. "Antitakeover Charter Amendments: Effects on Corporate Decisions." Journal of Financial Research. Vol. XV, No. 1 (Spring, 1992), pp. 57-67.

Jahera, J.S., Jr. & W.N. Pugh. "Post-Crash Stock Repurchase Announcements: Evidence of Informational Inefficiency." Journal of Business & Economic Perspectives. Vol. 17, No. 2 (Fall, 1991), pp. 25-32.

J.S. Jahera, Jr. & W. P. Lloyd. "Corporate Capital Structure: Further Evidence on Determining Factors." Journal of Financial and Strategic Decisions. Vol. 4, No.3 (Winter 1991), pp. 105-115.

J. Jahera, Jr. & W.N. Pugh. "State Takeover Legislation: The Case of Delaware." Journal of Law, Economics and Organization. Vol. 7, No. 2 (Fall, 1991), pp. 410-428.

J.S. Jahera, Jr. & D. E. Page. "Management Entrenchment Versus Shareholder Wealth: The Case of Dividends." The Mid-Atlantic Journal of Business. Vol. 27, No. 2 (June, 1991), pp. 139-147.

Oswald, S. & Jahera, J.S., Jr. "The Influence of Ownership on Performance: An Empirical Study." Strategic Management Journal. Vol. 12 (May, 1991), pp. 321-326.

Pugh, W.N. & Jahera, J.S. "State Antitakeover Legislation and Shareholder Wealth." Journal of Financial Research. Vol. 13, No. 3 (Fall, 1990), pp. 221-231. Also abstracted in The CFA Digest, (Winter, 1991), pp. 11-13.

J.S. Jahera, Jr. & W. Pugh. "Stock Repurchases and Excess Returns: An Empirical Analysis." The Financial Review. Vol.25, No.1 (February, 1990), pp. 127-142.

W. P. Lloyd, D. E. Page, & J.S. Jahera, Jr. "An Empirical Examination of Cross Sectional Differences in Dividend Payout Ratios." Journal of Business and Economic Perspectives . Vol. XV, No. 2 (Fall, 1989), pp. 101-112.

J.S. Jahera, Jr. & W. P. Lloyd. "Exchange Listing and Size: Effects on Excess Returns." Journal of Business Finance and Accounting. 16(5) (Winter, 1989), pp. 1-7.

D. E. Page, J.S. Jahera, Jr., & W. P. Lloyd. "Agency Costs and the Incidence of Convertible Debt." The Mid-Atlantic Journal of Business. Vol. 25 No.1 (November, 1988), pp.48-57.

D. E. Page, W. P. Lloyd, & J.S. Jahera, Jr. "The Neglected Firm Effect on Stockholder Returns." The Southern Business Review. Vol.14 No. 1 (Spring, 1988), pp. 25-32.

D. E. Page, W. P. Lloyd, & J.S. Jahera, Jr. "Does Business Diversification Affect Performance: Some Further Evidence." Quarterly Journal of Business and Economics. Vol.27 No.1 (Winter, 1988), pp. 130-147.

J. L. Colbert & J.S. Jahera, Jr. "The Role of the Audit and Agency Theory." Journal of Applied Business Research. Vol.4 No.2 (Spring, 1988), pp. 7-12.

W.N. Pugh & J.S. Jahera, Jr. "Anti-takeover Tactics: Managers Versus Owners." AAII Journal . Vol. X, No.5 (May, 1988), pp. 12-14.

J.S. Jahera, Jr., W. P. Lloyd, and D. E. Page. "The Relationship Between Financial Performance and Stock-Market Based Measures of Corporate Diversification." The Financial Review . Vol. 22 No. 4 (November, 1987), pp. 379-389.

J.S. Jahera, Jr., W. P. Lloyd, & D. E. Page. "Firm Diversification and Financial Performance." Quarterly Review of Economics and Business. Vol. 27, No. 1 (Spring, 1987), pp. 51-62.

W. P. Lloyd, J.S. Jahera, Jr. & N. K. Modani. "Growth, Beta and Agency Costs as Determinants of Dividend Payout Ratios: An Extension," Akron Business & Economic Review , 17, No. 4, (Winter, 1986), pp. 55-61.

J.S. Jahera, Jr. & N.K. Modani. "An Examination of the Stationarity of Selected Risk Measures in Commercial Banking" Quarterly Journal of Business and Economics, 25 (Winter, 1986), pp. 3-15.

W. P. Lloyd, J.S. Jahera, Jr., & S. J. Goldstein. "The Relation Between Returns, Ownership Structure, and Market Value," Journal of Financial Research, 9 (Summer, 1986), pp. 171-177.

 J.S. Jahera, Jr., J. H. Hand, & W. P. Lloyd. "An Empirical Inquiry into the Premiums for Controlling Interests," Quarterly Journal of Business and Economics, 24 (Summer,1985), pp. 67-77.

W. P. Lloyd, J.S. Jahera, Jr., & D. E. Page. "Agency Costs and Dividend Payout Ratios," Quarterly Journal of Business and Economics, 24 (Summer, 1985), pp. 19-29.

J.S. Jahera, Jr., J. T. Thorne, & C. P. Edmonds. "Accounting for Interest Income: The Method Affects Your Earnings," Bank Administration, (March, 1985), pp. 76-80.

J.S. Jahera, Jr. & J. F. Sinkey, Jr. "A Note on the Intra-Cyclical Balance Sheet Behavior of Large Commercial Banks, 1972-1978," Journal of Banking and Finance, (June, 1984), pp. 109-117.

C. P. Edmonds, J.S. Jahera, Jr., & T. L. Rose. "Hedging the Future," Best's Review, (September, 1983).

C. P. Edmonds & J.S. Jahera, Jr. "Reducing Operating Risk with Financial Futures," Real Estate Review , (May, 1983), pp. 80-83.

R. L. Lindbeck & J.S. Jahera, Jr. "Thrift Institution Mergers: Income Tax Effects," Federal Home Loan Bank Board Journal, (October, 1982), pp. 8-11.

J. A. Verbrugge & J.S. Jahera, Jr. "Expense-Preference Behavior in the Savings & Loan Industry," Journal of Money, Credit, and Banking, (November, 1981), pp. 465-476.


OTHER PUBLICATIONS:

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr. “Can Non-Accredited Investors Find and Invest in the Next Unicorn?”. Academy of Economics and Finance Papers and Proceedings Issue.  (February 2016), Vol. 40, 2016, pp. 61-68.

 

Barth, James R., Hilliard, Jitka, Jahera, John S., Jr. & Yanfei Sun. “The State of the State’s Banking

Industry.” Presented at the 2016 Auburn Bank Directors College.  Auburn University Government & Economic Development Institute. 2016.

 

Barth, James R. and Jahera, J.S., Jr. Alabama’s Public Pensions:  Building a Stable Financial Foundation for the Years Ahead.  Alabama Policy Institute, 2015. 

 

Jensen, M. R. J., Marshall, B.M. and Jahera, J.S., Jr. “Crowdfunding Investing:  Does It Make Sense for Individual Investors?”.  Academy of Economics and Finance Papers and Proceedings, February 2015, Vol. 39, pp. 53-60.

 

Barth, James R. and Jahera, J.S., Jr. “Why Study Finance.”   Finance for the Curious: Why Study Finance (ISBN 978-1-925128-10-9). July/August 2014. Editor: Kishor Vaidya.

 

Jensen, M. R. J., Marshall, B.M. and Jahera, J.S., Jr. “Community Banks, the JOBS Act and Going Dark”.  Academy of Economics and Finance Papers and Proceedings, February 2014, pp. 39-45.

 

Jensen, M. R. J., Marshall, B.M. and Jahera, J.S., Jr. “When IPOs Migrate”.  Academy of Economics and Finance Papers and Proceedings, February 2013, pp. 63-71.

 

Jahera, J.S., Jr.“BBVA Compass Bank.” Encyclopedia of Alabama, http://www.encyclopediaofAlabama.org, 2012.

 

Barth James R. and J. S. Jahera, Jr. "The Banking Industry in Alabama." Encyclopedia of Alabama, http://www.encyclopediaofAlabama.org . 2010.

Barth, James R. and J. S. Jahera, Jr. “Gramm-Leach-Bliley Act:  Creating A New Bank for a New Millennium.”  Encyclopedia of Finance, Edited by Alice C. Lee & C.F. Lee. Kluwer Academic Publishers, 2005; 13 pages. Updated for 2nd Edition, forthcoming 2011.

Barth, James R. and J. S. Jahera, Jr. “SouthTrust Purchase Means More Borrowing Power for Businesses.”  Birmingham Business Journal, July 28, 2004.

Herath, Hemantha and J. S. Jahera, Jr. "Operational Hedging and Risk Management"  Encyclopedia of Financial Engineering and Risk Management., London & Chicago: Fitzroy Dearborn Publishers, forthcoming 2003.

Herath, Hemantha and J. S. Jahera, Jr. "Financial Engineering in Mergers and Acquisitions"  Encyclopedia of Financial Engineering and Risk Management. London & Chicago: Fitzroy Dearborn Publishers,  2003.

Jahera, J. S., Jr. "Corporate Finance,"  Entry in the International Encyclopedia of Business and Management, 2nd edition.

Swamy, P. A. V. B., James R. Barth, Ray Y. Chou & John S. Jahera, Jr. "Determinants of U.S. Commercial Bank Performance: Regulatory and Econometric Issues," Working Paper No. 95-29, Finance and Economics Discussion Series, Federal Reserve Board, May 1995.

Barth, James R. & J. S. Jahera, Jr. "The Integration of North American Banking Markets: Role of the Southeast Compact." Working Paper No. 94-2, The North America Forum, Stanford University, 1994.

Barth, James R. and J. S. Jahera, Jr. "Barriers to the Integration of Banking Markets: The Case of the United States," CEPR Working Paper Series #440, Stanford University, 1996.

Study Guide for Fundamentals of Financial Management by Rao. With D. E. Page. Macmillan Publishing Co. 1989, 276 pages.

Study Guide for Financial Management: Concepts and Applications by Rao. With D. E. Page. Macmillan Publishing Company: New York. 1987, 239 pages.

Study Guide for Financial Management for Decision Making by Bierman and Smidt. With D. E. Page. Macmillan Publishing Company: New York. 1986, 224 pages.

Book Review - Portfolio Theory With Application to Bank Asset Management by Giorgio P. Szego. Journal of Banking and Finance, 9 (1985), pp. 469-472.



PRESENTATIONS:

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr. “What is the Best Exit Strategy for a Private Firm?  IPO or Sale.”  Presented at the 2017 Academy of Economics & Finance meeting.

 

Barth, James R., Hilliard, Jitka, Jahera, John S., Jr., Joo, Sunghoon & Kang Li. “State Pension Plans for Public Employees:  A Rough Road Ahead” Presented at the 2016 Southern Finance Association Annual Meeting, Destin FL.

 

Barth, James R., Hilliard, Jitka, Jahera, John S., Jr. & Joo Sunghoon. “State Pension Plans, Funding Levels and Economic Freedom” Presented at the 2016 Academy of Economics & Finance Annual Meeting, Pensacola FL.

 

Jensen, M., Marshall, B. and J. Jahera, Jr. 'Can Non-Accredited Investors Find and Invest in the Next

Unicorn?’ Presented at the 2016 Annual Meeting of the Academy of Economics & Finance. Pensacola FL.

 

Barth, James R., Hilliard, Jitka, Jahera, Jr. & Yanfei Sun.  “How Do Differences in State Regulations Affect the Payday Lending Industry?  Presentation at the HKIMR-HKU International Conference on Finance, Institutions and Economic Growth, Hong Kong, May 2015. 

 

Barth, James R., Hilliard, Jitka, Jahera, Jr. & Yanfei Sun.  “Do State Regulations Affect Payday Lender Concentration?  Presentation at the Conference on Regulating Consumer Credit at the Federal Reserve Bank of Philadelphia, April 2015.  Also presented at the 2015 Eastern Finance Association Meeting, New Orleans, LA. and the Financial Education Association Meeting, San Antonio TX, September 2015.

 

Barth, James, R., Hilliard, Jitka and J. S. Jahera, Jr.  “Banks and Payday Lenders:  Friends or Foes?”  Presented at the 2014 International Atlantic Economic Society Meeting, Savannah, GA.  October, 2014.  Also presented at the 2015 Eastern Finance Association Annual Meeting.

 

Jensen, M., Marshall, B. and J. Jahera, Jr.JOBS Act:  Has it Brought Back the IPO?  Presented at the 2014 Annual Conference on International Business and Contemporary Issues in Business.  Rapid City, ND, October, 2014.

 

Hilliard, Jitka and John S. Jahera, Jr.  The US Financial Crisis and Corporate Dividend Reactions: For Better or For Worse?  Presented at the 2014 Midwest Finance Association Meeting, Orlando FL.  Also presented at the 2014 Eastern Finance Association Meeting, Pittsburgh PA.

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr. “Company for Sale:  Private or Public Investor?”  Presented at the 2014 Eastern Finance Association Meeting, Pittsburgh PA.

 

Jensen, Marlin R.H., Marshall, Beverly B. and J. S. Jahera, Jr.  “Community Banks, the JOBS Act and Going Dark:  An Empirical Assessment.”  Presented at the 2014 Academy of Economics and Finance Annual Meeting, Chattnooga TN.  Also presented at the 2014 Eastern Finance Association Annual Meeting, Pittsburgh PA.

 

Jensen, M. R. J., Marshall, B.M. and Jahera, J.S., Jr. “When IPOs Migrate”.  Academy of Economics and Finance Annual Meeting, Mobile, AL. February 2013.  Also presented at the Twentieth Annual Conference on International Business and Contemporary Issues in Business, Rapid City SD, Sept. 2013.

 

Gropper, D., Jahera, J. and Park, J. “People in High Places: Congress and Bank Performance. Southern Finance Association Annual Meeting, Charleston SC; November 2012.

Barth, James R.,  J. S. Jahera, Jr. & Keven Yost. "What Determines the Number and Value of Bank Mergers and Acquisitions Around the Globe."   Midwest Finance Association Annual Meeting; San Antonio, TX, February 2008.  Also to be presented at the 2008 Eastern Finance Association Annual Meeting, St. Petersburg, FL. April 2008.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost. "The Relation Between Bank Regulation and Performance:  A Cross-Country Analysis."   Southern Finance Association Annual Meeting; Charleston SC., November 2007.

Bertus, Mark, J. S. Jahera, Jr. & Keven Yost.. "Foreign Bank Ownership and Private Monitoring:  An International Comparison."   Eastern Finance Association Meeting; New Orleans LA. April 2007.

Clayton Ronnie J., J. S. Jahera, Jr. & Bill Schmidt. "Estimating Capital Market Parameters:  CRSP Versus Yahoo Data."   Southern Finance Association Meeting; Destin FL., November 2006.

Gropper, Daniel and J. S. Jahera, Jr. "CEO Compensation and the Fortune 100 Best Places to Work."  Southern Finance Association Meeting; Key West, FL., November 2005.

Herath, Hemantha and John S. Jahera, Jr. “Measuring and Accounting for Market Price Risk Tradeoffs in Stock Exchanges as Real Options,” AIMA Conference on Management Accounting Research, Monterey, CA., May 2003. Also presented at the 2003 Canadian Academic Accounting Association Meeting; Ottawa, CA, May 2003.

Herath, Hemantha and John S. Jahera, Jr.  "Mergers and Acquisitions - Valuing Managerial Flexibility as Real Options,” American Accounting Association-Management Accounting Section Meeting, San Diego, CA., January 2003

Herath, Hemantha & John S. Jahera, Jr.  “Mergers and Acquisitions: Valuing Managerial Flexibility as a Real Options Collar in Stock for Stock Exchanges.”  2002 Northern Finance Association Annual Meeting, Banff, Canada.

Pugh, William N., J.S. Jahera, Jr. & Sharon Oswald.  "Performance Consequences of ESOPs as Takeover Deterrents."   Presented at the 1999 Southern Finance Association Annual Meeting, Key West, FL., November 1999.

Barth, James R., Carl D. Hudson, J.S. Jahera, Jr. and Daniel E. Page.  "Financial Condition and Performance of Savings & Loans:  The Case of Mutual to Stock Conversions."  Presented at the 1998 Southern Finance Association Annual Meeting, Marco Island, FL., November 1998.

Carper, James, Barker, Kenneth, Flynn, Betsy, Berger, Bruce, Felkey, Bill, and Jahera, John,  "A Methodology for Determining How Pharmacy Automation Decisions Are Made,"  American Society of Health Systems Pharmacists Annual Meeting, July, 1998, Las Vegas, NV.

Carper, James, Barker, Kenneth, Flynn, Betsy, Berger, Bruce, Felkey, Bill, and Jahera, John,  "A Study of the Factors That Determine Pharmacy Automation Purchasing Decisions,"  American Society of Health Systems Pharmacists Annual Meeting, July, 1998, Las Vegas, NV.

Pugh, W.N. and Jahera, J.S., Jr. "State Antitakeover Legislation and Firm Financial Policy." Presented at the 1997 Southern Finance Association Meeting, Baltimore, MD., November 1997.

Barth, James R., Daniel E. Page & J.S. Jahera, Jr. "Abnormal Returns of Thrift Versus Non-Thrift IPOs." Presented at the 1997 Southern Finance Association Annual Meeting, Baltimore, MD., November 1997.

Jahera, J.S., Jr. & David A. Whidbee. "Bank Shareholder Returns and Risk: A Comparative Multi-Country Analysis." Presented at the 1997 Eastern Finance Association Annual Meeting, Panama City, FL., April 1997.

Pugh, W., Jahera, J., & S. Oswald. "The Long-Term Impact of ESOPS on Corporate Decision Making." Presented at the 1996 Southern Finance Association Meeting, Key West, FL., Nov. 1996.

Pettigrew, E., Daniel E. Page, J.S. Jahera, Jr. & James R. Barth, "Thrift Conversions and Windfall Profits: An Empirical Examination," Presented at the 1996 Southern Finance Association Meeting, Key West, FL.

Crutchley, C.E., Marlin R.H. Jensen, J.S. Jahera, Jr., & Jennie E. Raymond. "The Simultaneity of the Dividend Decision." Presented at the 1995 Financial Management Association Meeting, New York.

Oswald, S., Pugh, W. and J.S. Jahera, Jr. "The Effect of ESOP Adoption on Corporate Performance." Presented at the 1995 Financial Management Association Meeting, New York.

Barth, James R., Daniel M. Gropper and J.S. Jahera, Jr. "A Multi-Country Analysis of Bank Capital and Earnings." Presented at the Third Conference on Pacific Basin Business, Economics and Finance, Taipei, Taiwan; Republic of China, August, 1995.

D. E. Page, J.S. Jahera, Jr., W.N. Pugh. "The Effect of Takeover Defenses on the Firm Dividend Decision." Presented at the 1994 Southern Finance Association Meeting.

Jahera, J.S., Jr., Marlin R.H. Jensen and Claire E. Crutchley. "A Characteristic Analysis of Institutional Holdings." Presented at the 1994 Southern Finance Association Meeting.

Crutchley, C.E., Marlin R.H. Jensen, and J.S. Jahera, Jr. "Institutional Ownership and Dividends: An Empirical Analysis." Presented at the 1994 Financial Management Association Meeting, St. Louis, MO.

Barth, James R. and J.S. Jahera, Jr. "Barriers to the Integration of Banking Markets: The Case of the United States," Conference on the Global and Comparative Analysis of Financial Institutions, Rockefeller Foundation Bellagio Conference and Study Center, Bellagio Italy, May 1994.

Lloyd, W. P. and J.S. Jahera, Jr. "The Effect of the Degree of Ownership Control on Profitability and Market Value. Presented at the 1993 Southern Finance Association Annual Meeting, New Orleans LA.

Barth, James, R., Carl D. Hudson, and J.S. Jahera, Jr. "Risk-Taking in the Texas S&L Industry: Charter and Ownership Effects." Presented at the 1993 Southern Finance Association Annual Meeting, New Orleans LA.

Barth, James R., Carl D. Hudson, and J.S. Jahera, Jr. "S&L Closures and Survivors: Are There Systematic Differences?" Conference on the Causes and Consequences of Bank Failures, Wake Forest University, October, 1993.

Oswald, S.O., W.N. Pugh and J.S. Jahera, Jr. "An Empirical Analysis of Changes in Corporate Performance Following An ESOP Implementation." Presented at the 1993 Annual Meeting of the Southern Management Association, Atlanta, GA.

Oswald, S.O., L. Gardiner, and J.S. Jahera, Jr. "Prediction of Business Failure: An Example from the Hospital Industry." Presented at the 1993 Annual Meeting of the Southern Management Association, Atlanta, GA.

Barth, James R. and J.S. Jahera, Jr. "The U.S. Banking Industry in Transition: Domestic and International Developments," International Conference: Financial Systems in Transition, Universidad Autonoma Metropolitana Unidad Azcapotzalco, Mexico City, May 1993. Also presented at North America Forum Research Seminar at Stanford University in January of 1994.

Oswald, S., W. Pugh, and J. Jahera, "The Effect of ESOPS on Corporate Investment Decisions." Presented at the 1992 Annual Meeting of the Financial Management Association, San Francisco CA.

Oswald, S., L. Gardiner, and J. Jahera, "Evidence of Expense Preference Behavior in the Hospital Industry." Presented at the 1992 Southern Management Association Meeting, New Orleans LA.

S. Oswald, J.S. Jahera, Jr. & K. McMillan. "The Effect of Corporate Risk Diversification on Firm Financial Performance." 1991 Southern Management Association Annual Meeting, Atlanta, GA.

S. Oswald, L. Gardiner & J.S. Jahera, Jr. "Strategic Indicators of Hospital Closure Under PPS and Blue Cross/Blue Shield Cost-Based Reimbursements." Presented at the 1991 Eastern Finance Association Annual Meeting, Hot Springs, VA.

W. Pugh, J. Jahera, Jr. and D. E. Page. "Possible Effects of Antitakeover Charter Amendments on Capital Structure." Presented at the 1990 FMA Annual Meeting, Orlando, FL.

J. Jahera, Jr. and W.N. Pugh. "State Takeover Legislation: The Case of Delaware." Presented at the 1990 Southern Finance Association Meeting, Savannah, GA.

S. Oswald & J. Jahera. "Corporate Strategy and the Relationship Between Ownership and Performance. Presented at the 1990 Meeting of the Southern Management Association.

J.S. Jahera, Jr. & W. P. Lloyd. "Further Evidence on the Relationship Between Ownership and Performance." Presented at the 1989 FMA Annual Meeting, Boston, MA.

Pugh, W.N. and Jahera, J.S., Jr. "The Diminishing Effect of State Antitakeover Legislation." Presented at the 1989 FMA Annual Meeting, Boston, MA.

W.N. Pugh, D. E. Page, and J.S. Jahera, Jr. "The Effect of Antitakeover Charter Provisions on Corporate Decisionmaking." Presented at the 1989 FMA Annual Meeting, Boston.

J.S. Jahera, Jr. and W. Pugh. "The Effect of State Antitakeover Legislation on Firm Value." Presented at the 1988 FMA Meeting, New Orleans, LA.

W. P. Lloyd, D. E. Page, & J.S. Jahera, Jr. "An Empirical Examination of Cross Sectional Differences in Dividend Payout Ratios." Presented at the 1988 FMA Meeting. New Orleans, LA.

J.S. Jahera, Jr. & W.N. Pugh. "Tender Offer Repurchases and Excess Returns." Presented at the 1988 Annual Meeting of the Southern Finance Association, San Antonio, TX.

W. P. Lloyd, D. E. Page & J.S. Jahera, Jr. "An Agency-Cost Explanation of Dividends: An Empirical Note." 1986 Financial Management Association Meeting, New York, N.Y.

J.S. Jahera, Jr., W. P. Lloyd, & D. E. Page. "The Relation Between Internal Diversification and Financial Performance." 1986 Eastern Finance Association Meeting, Nashville, TN.

D. E. Page, J.S. Jahera, Jr., & W. P. Lloyd. "Agency Costs and the Incidence of Convertible Debt." 1985 Southern Finance Association Meeting, Dallas, TX.

W. P. Lloyd, J.S. Jahera, Jr., & D. E. Page. "Agency Costs and Dividend Payout Ratios." 1985 Eastern Finance Association Meeting, Williamsburg, VA.

W. P. Lloyd, J.S. Jahera, Jr., & S.J. Goldstein. "The Relation Between Returns, Ownership Structure, and Market Value." 1984 Financial Management Association Meeting, Toronto, CA.

W. P. Lloyd, J.S. Jahera, Jr., & N. K. Modani. "Type of Control, Agency Costs, and Dividend Payment." 1983 Southern Finance Association Meeting, Washington, D.C.

J.S. Jahera, Jr., J. H. Hand, & W. P. Lloyd. "An Empirical Investigation of the Premium for Controlling Interest." 1983 Financial Management Association Meeting, New York, N.Y.

N. K. Modani & J.S. Jahera, Jr. "Market Risk Measurement in Commercial Banking." 1983 Eastern Finance Association Meeting, New York, N.Y.

J.S. Jahera, Jr. & J. H. Hand. "Bank Liability Management: A Market Risk-Return Analysis." 1982 Southern Finance Association Meeting, Atlanta, GA.

J.S. Jahera, Jr. & J. F. Sinkey, Jr. "The Intracyclical Balance-Sheet Behavior of Large Commercial Banks, 1972 to 1978." 1982 Financial Management Association Meeting, San Francisco, CA.

J. F. Sinkey, Jr. & J.S. Jahera, Jr. "Bank Portfolio Allocation, Liability Management and Monetary Policy." 1980 Financial Management Association Meeting, New Orleans, LA.

J. A. Verbrugge & J.S. Jahera, Jr. "Expense-Preference Behavior: Some Evidence from the Savings & Loan Industry." 1979 Financial Management Association Meeting, Boston, MA.



RESEARCH IN PROGRESS:

 

 

Barth, James R., Hilliard, Jitka, Jahera, John S., & Kang Bok Lee.  “Payday Lending, Crime and Bankruptcy:  Is There a Connection?”  Submitted for presentation at the 2018 Southern Finance Association Meeting, Asheville NC.

 

 


PROFESSIONAL ACTIVITIES:


CONTINUING EDUCATION AND EXTENSION:

·        National Community Pharmacist Association Boot Camp, Auburn University. Session on business practices. 2019.

·        Auburn Bank Directors College.  Session on “State of Alabama Banks”, 2014, 2015 and 2016, 2017, 2018.

·        Blue Ridge Conference on Leadership; Panel Discussion and three breakout sessions on the US economic situation.  October 2009.

·        Blue Ridge Conference on Leadership:  Session on the financial crisis.  October 2008.

·        "Foundations of Finance" Pratt & Whitney Aircraft. Columbus GA. One day program. July 2006.

·        Numerous appearances on Alabama Public Television’s For The Record news program and Alabama At Work business program.  Quoted in a number of news outlets in Alabama and Georgia.

·        Colonial BancGroup - "Wealth in Families:  The Generational Effect." Program for wealth managers in the Colonial banking system from the five states of operation.  Atlanta, GA.  August 2005.

·        Southern Medical Association & Auburn University - Certificate in Business for Physicians.  Financial management for physicians., 1999-2006..

·        “Finance for the Non-Financial Manager” W. C. Bradley Co., Columbus GA.  One day program for supervisory and mid management personnel.  May 2002, May 2003, May 2004.

·        Blue Ridge Conference on Leadership, Session on Personal Financial Management, October 2003.

·         “Foundations of Finance”  Josten’s Company.  Minneapolis, MN.  Two day program for managers entering the AU Executive MBA program.  May 2002.

·         "The Financial Modernization Act of 1999" Multimedia program available through Pro2Net, Inc., a provider of continuing education courses for finance, accounting and legal professionals.  March  2000.

·        SONY Corporation, Dothan, AL.  Program on Cost and Budget Management, September 9, 14, 16, 1999.


 PROFESSIONAL AFFILIATIONS: