RESEARCH

"Time is the most precious gift in our possession, for it is the most irrevocable. Time lost is a time when we have not lived a full human life, time unenriched by experience, creative endeavor, enjoyment and suffering. Time lost is time we have not filled, time left empty" Dietrich Bonhoeffer.

 

PUBLICATIONS

1.      Russel, P. and B. Branch. “Distressed Investor Performance: A Look at the early 1990s,” Journal of Alternative Investments, Fall 1998, 60-65.

2.      Russel, P., Branch, B., and V. Torbey. “Market Valuation of Bankrupt Firms: Is there an Anomaly?,” Quarterly Journal of Business and Economics, Spring 1999, 55-74.

3.      Garay, U. and P. Russel. "The Closed-End Fund Puzzle: A Review," Journal of Alternative Investments, Winter 1999, 23-43.

4.       Russel, P. and B. Branch. “Penny Stocks of Bankrupt Firms: Are They Really A Bargain?,” Business Quest Journal, January 2001, 1-9.

5.      Partington, G., Russel, P., Stevenson, M. and V. Torbey. “Predicting Return Outcomes To Shareholders from Companies Entering Chapter 11 Bankruptcy,” Managerial Finance, April 2001, 78-96.

6.      Malhotra, D.K., Garritt, F. and P. Russel. “Community Banker’s guide to Credit Derivatives: Users, Risks and the Future,” Risk Management Association Journal, November 2001, 42-46.

7.       Malhotra, D.K., Garritt, F. and P. Russel. “Community Banker’s guide to Credit Derivatives: Users, Risks and the Future: Part II,” Risk Management Association Journal, December 2001, 54-58.

8.      Russel, P. and V. Torbey. “The Efficient Market Hypothesis on Trial: A Review,” Business Quest Journal, January 2002, 1-19.

9.      Russel, P., Malhotra, D.K. and L. Ping. “The Evolution of Banking Reforms in China,”  Apeejay Business Review,  May 2002, 11-20.

10.   Malhotra, D.K., Garrit, F., and P. Russel. “Managing Credit Risk with Credit Derivatives,”(Co-authored with D.K. Malhotra and Francis Garritt), Journal of Insurance and Risk Management, October 2002, pp. 63-76.

11.   Russel, P. “Closed-end Fund Pricing: The Puzzle, The Explanation and Some New Evidence” Journal of Business and Economic Studies (forthcoming).

12.   Russel, P. "The Enigma of Closed-end Fund Pricing: Twenty Six Years later," International Journal of Finance (forthcoming).

13.  Russel, P. Shekar, C. and D. K. Malhotra  "Exchange Traded Funds: Poised to Challenge Index Funds," Journal of Securities Institute of Australia, Spring 2004, pp. 27-30.

14. Russel, P., Christoffersen, S. and M. Kouliavtsev. “The Performance of Textile Industry in the 1990s: A Financial Analysis” Journal of Business Industry and Economics, Fall 2004, Volume 4, pp. 121-141.

15.   Datta, A., Malhotra, D. K. and P. Russel. “U.S. Textile Industry: Impact of Regional Trade Pacts” (Competitiveness Review) 2006, Volume 16: 262-276.

16. Russel, P. “Money Laundering: The Global Challenge.” Journal of American Academy of Business, September 2004, pp. 259-265.

17. Russel, P. “Do the Stars Foretell the Future? The Performance of Morning Star Ratings,” Journal of American Academy of Business, September 2006, 85-89.

18.   Kouliavtsev, M., Christoffersen, S. and P. Russel. “Productivity, Scale and Efficiency in the Textile Industry”  Empirical Economics, 2007, 32:1-8.

19.  Malhotra, D.K., Martin, R. and P. Russel. “Determinants of Cost Efficiencies in Mutual fund Industry” Review of Financial Economics, 2007, 16:323-334.

20.  Datta, A., Malhotra, D. K. and P. Russel. “Determinants of Financial Leverage: An Empirical Analysis of Textile and Apparel Firms,” International Journal of Business and  Economics, 2007,  6:17-24

21.       Sankaran, K. and P. Russel “Value and Momentum Strategies: Returns from Risk-controlled Portfolios,” Journal of Business and Economic Studies 2008, Volume 14, pp. 25-38.

22.       Hung, K. and P. Russel “The Impact of Integrated Tax System on the Capital Structure and Effective Tax Rates in Taiwan,” Advances in Investment Analysis and Portfolio Management (Forthcoming, 2010).

23.       Chien-Chung, N., Chang, Y., Russel, P., and K. Hung “The Assymetric Impact of Financial Intermediaries Development on Economic Growth,” International Journal of Finance, 21:6035-6079.

24.       Malhotra, R., Malhotra, D.K., and P. Russel. “Using DEA analysis to Rate Bonds,” Journal of Business and Economic Studies, Spring 2010, 16:58-75.

 

 

CONFERENCE PRESENTATIONS

1.        Russel, P. and B. Branch., ‘Stock Performance of Bankrupt Firms’, 1994 Financial Management Association Conference, USA.

2.       Sundaresan, N. and P. Russel., ‘Bank Regulation and Risk Taking: A Contingent Claims Analysis’, 1994 Financial Management Association Conference, USA.

3.       Russel, P. and B. Branch., ‘The Distressed Securities Market: The Performance of Vulture investors’, 1996 Financial Management Association Conference, USA.

4.       Sundaresan, N. and P. Russel., ‘Impact of Inaccurate Risk Quantification on Optimal Hedge Ratios’, 1996 Academy of Financial Services Conference, USA.

5.        Russel, P. and B. Branch., ‘Penny Stocks of Bankrupt Firms: Are They Really a Bargain?’, 1997 Academy of Financial Services Conference, USA.

6.       Sundaresan, N. and P. Russel., ‘Power Options: Analysis and Applications’, 1997 Academy of Financial Services Conference, USA, 1997 French Finance Association Conference, France.

7.       Russel, P. ‘The Enigma of Closed-end Funds Pricing’, 1997 French Finance Association Conference, France, 1997 Academy of Financial Services Conference..

8.       Russel, P., Branch, B. and V. Torbey., ‘The Market Valuation of Bankrupt Firms: Is There An Anomaly?’,  1997 French Finance Association Conference,  France; 1997 AFB Conference, Australia (presented by Violet Torbey); 1998 Financial Management Association Conference, USA.

9.       Russel, P., ‘The Efficient Market Hypothesis on Trial’, 1998 Pacific Business, Economics and Finance Conference, Hong Kong.

10.    Sankaran, K. and P. Russel., ‘Value and Momentum Strategies: Returns from Risk Controlled Portfolios’, 1999 Academy of Financial Services Conference, USA.

11.    Malhotra, D. K., Martin, R. and P. Russel., ‘Economies of Scale and Cost factors in the Open-end Fund Industry’, 2003 European Financial Management Association, Finland.

12.    Russel., ‘Closed-end Fund Pricing: The Puzzle, The Explanations and Some New Evidence’, 2004 Eastern Finance Association, USA.

13.    Russel, P., ‘Morning Star Ratings: Do They Really Matter?’ 2005 Global Finance Conference, Dublin, Ireland, 2006 Pacific Basin Finance Economics Accounting Conference, Taipei, Taiwan.

14.    Malhotra, D. K., Martin, R. and P. Russel. “Determinants of Cost Efficiencies in the Mutual Fund Industry,” 2006 Asian Financial Management Association, Auckland, New Zealand.

15.    Malhotra, R., Malhotra, D.K. and P. Russel. “Using DEA analysis to Predict Bond Ratings” 2007 NBEA Conference, USA; 2008 Global Finance Conference, China.

16.    Russel, P., Singh, M. and D. K. Malhotra. “Time Series Properties of Indian Swap Market” 2009 AIMS international Conference, India.

 

RESEARCH GRANTS

Lindback Minority Junior Faculty Grant, Lindback Foundation, 2003

National Textile Center Grant, NTC, 2003-2004-2005-2006 (Team Member, 2 grants)

Summer Research Grant, Philadelphia University, 2002, 2010

Scholarly Activity Grant, University College of the Cariboo, 1997

            World Bank Training Program Grant, The World Bank, 1997 (Co-Trainer)

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