Karen Craft Denning

Education

  • Ph.D. , The Joseph M. Katz Graduate School of Business University of Pittsburgh
  • M.B.A. University of Pittsburgh

  • M.S.W. University of Pittsburgh

  • A.B. Cornell University 

 

Professional Affiliations

 

Selected University Service and Professional Activities

 

Work Experience

  • Fairleigh Dickinson University, Fall 2003 to Present
  • West Virginia University, Fall 1988 to Fall 2003
  • Case Western Reserve University, Fall 1985 to August 1988

Publications, press mentions:


Selected Referred Research Manuscripts

Human Capital Reorganizations and Market Performance: US Firms, Anne Anderson, E.J. Cowan and Karen Denning, Business Economic Research, Vol. 5:2, 2015, 97-121.  

Market States and Momentum in Sector Exchange-traded Funds, Ding, Du, Kanren Denning and Xiaobing Zhao , Journal of Asset Management, Vol. 15(4), 2014, 223-237.

Real Aggregate Activity and Stock Returns, Ding, Du, Karen Denning and Xiaobing Zhao, Journal of Economics and Business, Vol. 64:5, Sept.-Oct. 2012, 323-337.

Evidence on Stock Reaction to Market-Wide Information, with Ding Du and Xiaobing Zhao, Review of Pacific Basin Financial Markets and Policies, Vol14:2 June 2011, pp. 297-325.

Corporate Joint Ventures: Market Evidence, with Terrill Keasler, Joint Venture, Mergers and Acquisitions, and Capital Flow, James Tobin and Lawrence Parker, Vol. 1:4 2009, pp. 1-26.

A Re-examination of Corporate Strategic Alliances: New Market Responses, with T. Keasler (formerly Quarterly Journal of Business and Economics), Quarterly Journal of Finance and Accounting, Vol. 48:1 2009, pp. 21-47.  

US and International Stock Reaction to Common Information, with Ding Du. International Research Journal of Finance and Economics, Vol. 24 2009, pp. 77-89.

Style Fund Investment: Performance and Efficiency, with K. Victor Chow and Zhaodan Huang International Research Journal of Finance and Economics, Vol. 21 2008, pp. 27-47.

Risk and Wealth Effects of US Firm Joint Venture Activity, with Heather Hulburt and Stephen P. Ferris, Review of Financial Economics, Vol. 15:3 2006, pp. 271-285.

A Correlation-Ratio Test for Closed-End Country Funds, with K. Victor Chow, International Review of Economics and  Business, Vol. 52:4  2005, pp. 515-536.

Industry Momentum and Common Factors, with Ding Du, Finance Research Letters, Vol. 2:3 2005, pp. 107-124.

Toward the Determinants of Serial Bankruptcy, with Stephen P. Ferris and Robert M. Lawless, Journal of Research in Finance,  Vol. 3:2 2000, pp. 228-242.

Environmental Performance and Corporate Behavior, with K. Shastri, Journal of Economic and Social Research, Vol. 2:1 2000, pp. 13-38.

A Model and Empirical Test of the Strong Form Efficiency of U.S. Capital Markets: More Evidence of Insider Trading Profitability, with Amhet Kara, Applied Financial Economics, Vol. 8 1998, pp. 211-220.

Spectral Analysis in Three Dimensions: The Examination of Economic Interdependence Between, New York, London, Tokyo, and the Pacific Basin Equity Market Indices,  with Shih-Mo Linn and K. Victor Chow, Journal of Applied Business Research, Vol. 12:3 1996, pp. 72-84.

Long-term and Short-term Price Memory in the Stock Market, with K. Victor Chow, Stephen P. Ferris, and Gregory Norinha, Economics Letters, Vol. 49 1995, pp. 287-293.

On Variance and Lower Partial Moment Betas: The Equivalence of Systematic Risk Measures, with K. Victor Chow, Journal of Business Finance and Accounting, Vol. 21:2 1994, pp. 231-242.                               

Option Portfolio Testing Distributional Stability, with K. Victor Chow and Edward Gruca, Advances in Investment Analysis and Portfolio Management, Vol. 2:2 1994, pp. 201-221.

Changes in Organizational Structure and Shareholder Wealth: The Case of Limited Partnerships,  with Kuldeep Shastri, Journal of Financial and Quantitative Analysis, Vol. 28:4 1993, pp. 553-564.

A Simple Multiple Variance Ratio Test, with K. Victor Chow, Journal of Econometrics, Vol. 58 1993, pp. 385-401.

Selected Authored Referred Research Presentations

Bifurcated Market Responses to US Firm Job Cut Announcements, co-authored with E.J. Cowan and Anne Anderson, Eastern Finance Association, New Orleans La. April, 2015.

Real Aggregate Activity and Stock Returns, co-authored with Ding Du, Pacific Basin Finance, Economics, Accounting, Business and Management Conference, Beijing, China, July 2010.

Evidence on Stock Reaction to Market-Wide Information, co-authored with Ding Du, Xiaobing Zhao, Pacific Basin Finance, Economics, Accounting, Business and Management Conference, Beijing, China, July 2010.

A Re-examinaton of Corporate Strategic Alliances: New Market Responses, coauthored with Terrill Keasler, Financial Management Association Meetings, Grapevine, Texas. October 2008.

Strategic Alliances: New Evidence, co-authored with T. Keasler, Eastern Finance Association Meeting, New Orleans, Louisiana. April 2007.

Industry Momentum and Common Factors, co-authored with D. Du, Financial Management Association Meeting, Chicago, Illinois, 2005.

Style Fund Investment: Performance and Efficiency, co-authored with K. Victor Chow, and Zhaodan Huang, Best Paper Award of AAII (American Association of Individual Investors), Southwest Finance Association Conference, Naples, Florida, 2004.

US and International Joint Ventures: Risk and Wealth Impacts, co-authored with H. Hulburt and S. Ferris, Eastern Finance Association Meeting, Orlando, Florida, 2003.

E-commerce and Valuation: Is a Web Presence a Value Enhancing Activity? co-authored with H. Hulburt, Eastern Finance Association Meeting, Orlando, Florida, 2003.

Early Retirement Plans and Firm Performance: Are Operating Objectives Achieved? co-authored with K. Shastri, Financial Management Association Meeting, Toronto, Canada, October 2001.

Risk and Wealth Effects of US Firm Joint Venture Activity, co-authored with H. Hulburt and S. Ferris, Financial Management Association Meeting, Toronto, Canada, October 2001.

Toward the Determinants of Serial Bankruptcy, co-authored with S. Ferris and R. Lawless, Eastern Finance Association Meeting, Miami, Florida, April 1999.

Environmental Performance and Corporate Behavior, co-authored with K. Shastri, Financial Management Association Meeting, Honolulu, Hawaii, October 1997.

A Comparison of Mean-Variance CAPM and Alternative Two-Parameter Models: The Case of Mutual Fund Performance, co-authored with K.V. Chow, Midwestern Finance Association Meeting, Chicago, Illinois, March 1994.

Baltic Freight Futures: Random Walk or Seasonally Predictable? co-authored with W.B. Riley and J. DeLooze, Midwestern Finance Association Meeting, Chicago, Illinois, March 1994.

Multiple Variance Ratio Testing, co-authored with K.V. Chow, Financial Management Association Meeting, San Francisco, California, October 1992.

Multiple Variance Ratio Testing: Avoiding Inferential Errors in Empirical Applications, co-authored with K.V. Chow, Pacific Basin Capital Markets Symposium, Hong Kong, June, 1992.

Current Work in Progress

 

Early Retirement and Firm Valuation, co-authored with Jim Cowan and Anne Anderson

Exchange Traded Funds co-authored with Terrill Keasler and Anne Anderson

 

Selected Scholarly Services and Honors

    Editorial Appointment

  • Editorial Board, Journal of Economics and Social Research

 

     Program Committees

  • Midwestern Finance Association
  • Financial Management Association
  • Track Chair, Eastern Finance Association 2007-2008
  • Southern Finance Association
  • Eastern Finance Association

   

     Journal Referee

  • Journal of Law and Economics
  • Journal of Applied Business Research
  • Journal of Financial Research
  • Journal of Futures Markets
  • Journal of Economics and Finance
  • Financial Services Review
  • International Review of Economics and Finance
  • The Financial Review
  • American Bankers Association

 

Who’s Who

Manchester Who’s Who

President Beta Gamma Sigma WVU Chapter

 

Doctoral Committees

Hong Wu (2002): Three Essays on International Asset Pricing;

Duo Zhang (2003):  Essays on the Predictability of Equity Returns: The Role of Profit and Intangible Assets;

Ding Du(2004): Three Essays on Stock Market Anomalies, Behavioral Finance and Financial Econometrics;

 Zhaodan Huang (2004): Essays on Intermediation in Financial Markets: Intervention in Foreign Exchange Markets and Mutual Fund Performance.

 Personal Webpage: http://sites.google.com/site/kmcdenning/

 “What lies behind us and what lies ahead of us are tiny matters compared to what lies within us.” – Ralph Waldo Emerson


Short Abstract