Research Interests
Corporate Finance, Executive Compensation, Corporate Governance, Corporate Liquidity, Investments, Capital Structure, Corporate Social Responsibility, Mergers and Acquisitions, Financial Risk Management, Pension, Earnings Management, and Climate Change.
Education
- Ph D: Finance, University of Connecticut - CT
Selected Awards and Honors
- Faculty Research Recognition-Most Publications by College (2022), Scholarship/Research - UMass Lowell
- Manning School of Business Outstanding Research Award (2021)
- Lifetime Contribution Award, Vietnam Finance Association International (2018), Service, Professional
- UMass Lowell Department of Finance's Teaching Award (2016)
Selected Publications
- Freund, S., Nguyen, N.H., Phan, H.V. (2023). Shareholder Litigation and Corporate Social Responsibility. Journal of Financial and Quantitative Analysis, 58(2) 512-542.
- Ghosh, C., Huang, D., Nguyen, N., Phan, H.V. (2023). CEO Tournament Incentives and Corporate Debt Contracting. Journal of Corporate Finance.
- Khieu, H., Nguyen, N., Phan, H.V., Fulkerson, J. (2023). Political Corruption and Corporate Risk-Taking. Journal of Business Ethics.
- Dang, V., DeCesari, A., Phan, H.V. (2021). Employment Protection and Share Repurchases: Evidence from Wrongful Discharge Laws. Journal of Corporate Finance, 69(102036).
- Freund, S., Nguyen, H.T., Phan, H.V., Tang, H.T. (2021). CEO Inside Debt and Internal Capital Market Efficiency. Journal of Corporate Finance, 68(6).
- Nguyen, J., Phan, H.V. (2020). Carbon Risk and Corporate Capital Structure. Journal of Corporate Finance, 64(101713).
- Nguyen, N.H., Phan, H.V., Simpson, T. (2020). Political Corruption and Mergers and Acquisitions. Journal of Corporate Finance, 65(101765).
- Nguyen, N.H., Phan, H.V., Lee, E.J. (2020). Shareholder Litigation Rights and Capital Structure Decisions. Journal of Corporate Finance, 62(101601).
- Jory, S., Khieu, H., Ngo, T., Phan, H.V. (2020). The Influence of Economic Policy Uncertainty on Corporate Trade Credit and Firm Value. Journal of Corporate Finance, 64(101671).
- Nguyen, H.T., Phan, H.V., Sun, L. (2018). Shareholder Litigation Rights and Corporate Cash Holdings: Evidence from Universal Demand Laws. Journal of Corporate Finance, 52 192-213.
- Freund, S., Latif, S., Phan, H.V. (2018). Executive Compensation and Corporate Financing Policy: Evidence from CEO Inside Debt. Journal of Corporate Finance, 50 484-504.
- Nguyen, N.H., Phan, H.V. (2017). Policy Uncertainty and Mergers and Acquisitions. Journal of Financial and Quantitative Analysis, 52(2) 613-644.
- Phan, H.V., Simpson, T., Nguyen, H.T. (2017). Tournament-Based Incentives, Corporate Cash Holdings, and the Value of Cash. Journal of Financial and Quantitative Analysis, 52(4) 1519-1550.
- Phan, H.V., Khieu, H., Golec, J.H. (2017). Does Earnings Management Relieve the Negative Effects of Mandatory Pension Contributions? . Financial Management, 46(1) 89-128.
- Dang, V.A., Phan, H.V. (2016). CEO Inside Debt and Corporate Debt Maturity Structure. Journal of Banking and Finance, 70 38-54.
- Phan, H.V. (2014). Inside debt and mergers and acquisitions. Journal of Financial and Quantitative Analysis, 49(5-6) 1365–1401.
- Phan, H.V., Hegde, S.P. (2013). Corporate governance and risk taking in pension plans: Evidence from defined benefit asset allocations. Journal of Financial and Quantitative Analysis, 48(03) 919–946.
- Phan, H.V., Hegde, S.P. (2013). Pension Contributions and Firm Performance: Evidence from Frozen Defined Benefit Plans. Financial Management, 42(2) 373-411.
Selected Presentations
- Exit Threat and Corporate Social Responsibility - Southern Finance Association Annual Meeting, November 2023 - Fajardo, Puerto Rico
- Shareholder Litigation Rights and Financial Risk Management - Southern Finance Association Annual Meeting, November 2022 - Key West, Florida
- Pandemics and Corporate Trade Credit Policy - Financial Management Association Annual Meeting, October 2021 - Denver, CO
- Inside Debt and Internal Capital Market Efficiency - International Conference on Contemporary Issues in Finance, Banking, and Accounting for Sustainable Development, Hanoi, January 2020 - Hanoi, Vietnam
- Corporate Social Responsibility as Insurance? Evidence from the Adoption of Universal Demand Laws - Southern Finance Association Annual Meeting, November 2019 - Orlando, Florida
- Corporate Social Responsibility as Insurance? Evidence from the Adoption of Universal Demand Laws - UMASS Faculty Symposium - Lightning Talk, November 2019 - Lowell, MA
- Customer Concentration, Inside Debt, and Working Capital Management - Southern Finance Association Annual Meetings, November 2019 - Orlando, Florida
- Political Corruption and Mergers and Acquisitions - Midwest Finance Association Annual Meeting, March 2019 - Chicago, IL
- Midair Refueling for Sensation Seeking? Pilot CEOs and Corporate Debt Contracting, - Southern Finance Association Annual Meeting, November 2018 - Asheville, NC
- Carbon Risk and Capital Structure - Financial Management Association Annual Meeting, October 2018 - San Diego, CA
- CEO Inside Debt and Internal Capital Market Efficiency - Financial Management Association Annual Meeting, October 2018 - San Diego, CA
- CEO Pay Gap and Mergers and Acquisitions - Financial Management Association Annual Meeting, October 2018 - San Diego, CA
- Political Corruption and Mergers and Acquisitions - Financial Management Association Annual Meeting, October 2018 - San Diego, CA
- Inside Debt and Internal Capital Market Efficiency - Financial Management Association International Annual Meeting, October 2018 - San Diego, California
- Midair Refueling for Sensation Seeking? Pilot CEOs and Corporate Debt Contracting, - International Banking, Economics and Finance Summer Meeting, June 2018 - Vancouver, Canada
- Policy Uncertainty and Corporate Debt Contracting - Vietnam International Financial Management Conference, June 2018 - Ho Chi Minh City, Vietnam
- Shareholder Litigation and Corporate Cash Holdings: Evidence from Universal Demand Laws - Eastern Finance Association Annual Meetings , April 2018 - Philadelphia, PA
- CEO Inside Debt and Internal Capital Market Efficiency - Southern Finance Association Annual Meeting, November 2017 - Key West, FL
- Government Economic Policy Uncertainty, Corporate Cash Holdings, and the Value of Cash - Southern Finance Association Annual Meeting, November 2017 - Key West, FL
- Policy Uncertainty and Corporate Debt Maturity Structure - Financial Management Association Annual Meeting, October 2017 - Boston, MA
- Shareholder Litigation Rights and Corporate Cash Holdings: Evidence from Universal Demand Laws - Financial Management Association Annual Meeting, October 2017 - Boston, MA
- Shareholder Litigation Rights and Corporate Cash Holdings: Evidence from Universal Demand Laws - International Banking, Economics, and Finance Association (IBEFA) Summer Meeting, June 2017 - San Diego, CA
- Policy Uncertainty and Corporate Debt Maturity Structure - Midwest Finance Association Annual Meeting, March 2017 - Chicago, IL
Selected Contracts, Fellowships, Grants and Sponsored Research
- Corporate Social Responsibility as Insurance? Evidence from the Adoption of Universal Demand Laws, (2019), Grant - Donahue Center for Business Ethics & Social Responsibility
Freund, S. (Co-Principal), Phan, H.V. (Co-Principal) - Faculty Small Research Grant (2019), Grant - Donahue Center for Business Ethics and Social Responsibility
Phan, H.V., Freund, S., Nguyen, N. - Medical Marijuana and Labor Injuries (2019), Grant - Manning School of Business and University of Massachusetts Lowell
Phan, H.V., Zhang, C., Walter, A.W.
Research Currently in Progress
- Customer Concentration, Inside Debt, and Working Capital Management
Freund, S. (Co-Investigator), Latif, S. (Co-Investigator), Phan, H.V. - Exit Threat and Corporate Social Responsibility
Freund, S. (Co-Investigator), Phan, H.V. (Co-Investigator), Sun, L. (Co-Investigator) - Shareholder Litigation Rights and Financial Risk Management
Freund, S. (Co-Investigator), Luu, N.H. (Co-Investigator), Nguyen, H.T. (Co-Investigator), Phan, H.V. (Co-Investigator), Trinh, L.T.