John, Kose

About

Kose John is the Charles William Gerstenberg Professor of Banking and Finance at the Leonard N. Stern School of Business, New York University. He holds a Ph.D. in Business Administration from the University of Florida and has taught at the University of Chicago, Columbia University, and Institut D'Etudes Politiques de Paris (Sciences PO). His research focuses on banking, financial crisis, corporate governance, top-management compensation, financial distress, valuation of distressed claims, and comparative bankruptcy and governance systems. He has published over 103 research articles in major finance and economics journals, authored two books on futures markets and dividend policy, and edited 23 books and special journal issues on topics such as financial stability, financial distress, and investment innovations in finance. Dr. John has received several awards, including the Batterymarch Fellowship in 1983 and the Jensen Prize in 2000. He serves as the President of the Financial Management Association International and as the Program Chair of the Association of Financial Economists. He has mentored and advised 90 doctoral students who are now finance professors and practitioners worldwide. His academic background includes a Bachelor of Science in physics from the University of Kerala, India, a master's in computer science from the Florida Institute of Technology, and a Ph.D. in management science from the University of Florida.

Selected publications

• Takeovers and Divergence of Investor Opinion

  Review of Financial Studies · 2011-11-13 · 116 citations

  article

  We test several hypotheses on how takeover premium is related to investors' divergence of opinion on a target's equity value. We show that the total takeover premium, the pre-announcement target stock price run-up, and the post-announcement stock price markup are all higher when investors have higher divergence of opinion. We obtain identical results with higher market-level investor sentiment. When divergence of opinion is higher, a firm is less likely to be a takeover target, although takeover…

  PublisherDOI

• Bank Integration and the Market for Corporate Control: Evidence from Cross-State Acquisitions

  Management Science · 2020-05-28 · 10 citations

  article1st authorCorresponding

  Using the staggered and reciprocal passage of interstate bank deregulation as an exogenous variation in the degree of bank integration, we investigate how and why bank integration influences the market for corporate control for nonfinancial firms. We posit that bank integration affects acquisitions either through reducing the information asymmetry between acquirers and targets or through increasing credit supply. Our evidence is more consistent with the former channel. Specifically, we document…

  PublisherDOI

• Bankruptcy Sells Stockss But Who's Buying (and Why)?

  SSRN Electronic Journal · 2014-01-01 · 4 citations

  articleOpen access
  PublisherDOI

• Sentiment in the Cross Section of Cryptocurrency Returns

  SSRN Electronic Journal · 2024-01-01 · 3 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• Debt Structure When Bankruptcy Law Offers Incentives to Restructure

  SSRN Electronic Journal · 2016-01-01 · 3 citations

  articleOpen access
  PublisherDOI

Awards & honors

• Batterymarch Fellowship in 1983
• Jensen Prize for the Best Paper published in 2000 in the Jou…

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