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Hieu Phan


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Dr. Hieu V PhanAssociate Professor
  • College
    Manning School of Business
  • Department
    Finance
  • Phone
    (978) 934-2633
  • Office
    Pulichino Tong Business Center - 249
  • Email
  • Profile Links

Research Interests

Corporate Finance, Executive Compensation, Corporate Governance, Corporate Liquidity, Investments, Capital Structure, Debt Maturity, Mergers and Acquisitions, Financial Risk Management, Pension, and Earnings Management.

Education

  • BA: Banking and Finance, Hanoi National University - Hanoi, Vietnam
  • BA: English, Hanoi National University - Hanoi, Vietnam
  • MBA, University of Connecticut - Storrs, CT
  • Ph D: Finance, University of Connecticut - CT

Selected Awards and Honors

  • Lifetime Contribution Award, Vietnam Finance Association International (2018), Service, Professional
  • Recognition for Most Publications By Faculty Members at Manning School of Business (2018)
  • Journal of Banking and Finance’s Outstanding Contribution in Reviewing (2017), Service, Professional
  • Journal of Business Research’s Outstanding Contribution in Reviewing (2017), Service, Professional
  • UMass Lowell Department of Finance's Teaching Award (2016)
  • CIBER Overseas Fellowship Award (2012)
  • UConn Finance Department PhD Student Teaching Award (2012)
  • UConn School of Business Hall of Fame Student Fellow (2012)
  • Finance Department Outstanding PhD Student Scholar Award (2010)
  • American Finance Association (AFA) Travel Grant (2009)
  • Financial Management Association International (FMA) Travel Grant (2009)
  • Wall Street Journal Award for Outstanding MBA Student (2006)
  • National University President’s Special Scholarship (1991)

Selected Publications

  • 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

  • Political Corruption and Mergers and Acquisitions - Midwest Finance Association Annual Meeting, March 2019 - Chicago, IL
  • 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
  • How Inconsistent Is Tone at the Top? An Empirical Examination of CEO's Letters to Shareholders and Management's Discussions and Analysis - 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
  • Employment Protection and Share Repurchases: Evidence from Wrongful Discharge Laws - European Financial Management Association Annual Meetings, June 2018 - Milan, Italy
  • Managerial Pay Disparity, Firm Risk and Productivity: New Insights from the Bond Market - European Financial Management Association Annual Meetings, June 2018 - Milan, Italy
  • Midair Refueling for Sensation Seeking? Pilot CEOs and Corporate Debt Contracting - International Banking, Economics, and Finance Association (IBEFA) Summer Meeting, June 2018 - Vancouver, Canada
  • Political Corruption and Mergers and Acquisitions - International Banking, Economics, and Finance Association (IBEFA) Summer Meeting, June 2018 - Vancouver, Canada
  • Policy Uncertainty and Corporate Debt Contracting - Vietnam International Financial Management Conference, June 2018 - Ho Chi Minh City, Vietnam
  • Political Corruption and Mergers and Acquisitions - 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
  • Shareholder Litigation Rights and Corporate Cash Holdings: Evidence from Universal Demand Laws - Vietnam International Financial Management Conference, June 2017 - Hanoi, Vietnam
  • Policy Uncertainty and Corporate Debt Maturity Structure - Midwest Finance Association Annual Meeting, March 2017 - Chicago, IL
  • CEO Pay Gap and Corporate Debt Structure - Financial Management Association Annual Meeting, October 2016 - Las Vegas, NV
  • CEO Inside Debt and Internal Capital Market Efficiency - Vietnam International Financial Management Conference, June 2016 - Danang, Vietnam
  • Corporate Debt Maturity Structure and Investments: Evidence from Mergers and Acquisitions - Eastern Finance Association Annual Meeting, April 2016 - Baltimore, MD
  • Threat of Exit as Governance: Evidence from Blockholder Ownership, Stock Liquidity, and Corporate Cash Holdings " - Eastern Finance Association Annual Meeting, April 2016 - Baltimore, MD
  • CEO Inside Debt and Corporate Financing Policy - Financial Management Association Annual Meeting, October 2015 - Orlando, FL
  • Does Industry Pay Gap Motivate Opportunistic Risk Taking? Evidence from Mergers and Acquisitions - Financial Management Association Annual Meeting, October 2015 - Orlando, FL
  • Exit as Governance: Evidence from Blockholders, Stock Liquidity, and Corporate Cash Holdings - Financial Management Association Annual Meeting, October 2015 - Orlando, FL
  • Thriving on a Short Leash: Corporate Debt Maturity Structure and Mergers and Acquisitions - Financial Management Association Annual Meeting, October 2015 - Orlando, FL
  • Tournament-based Incentives, Corporate Cash Holdings, and Payout Policy - Financial Management Association Annual Meeting, October 2015 - Orlando, FL
  • Thriving on a Short Leash: Corporate Debt Maturity Structure and Mergers and Acquisitions - Vietnam International Financial Management Conference, June 2015 - Ho Chi Minh City, Vietnam
  • Tournament-based Incentives, Corporate Cash Holdings, and Payout Policy - Finance Seminar, October 2014 - Lowell, MA
  • Compensation Gaps among Top Executives and Debt Maturity Structure - Financial Management Association Annual Meeting, October 2014 - Nashville, TN
  • Does Earnings Management by Firms Making Mandatory Pension Contributions Pay Off? - Financial Management Association Annual Meeting, October 2014 - Nashville, TN
  • Tournament-based Incentives, Corporate Cash Holdings, and Payout Policy - Finance Seminar, June 2014 - Hanoi, Vietnam
  • Tournament-based Incentives, Corporate Cash Holdings, and Payout Policy - Finance Seminar, June 2014 - Hanoi, Vietnam
  • Stock Misvaluation and Synergy Driven Mergers and Acquisitions: Evidence from Voluntary Bid Withdrawals - Financial Management Association Annual Meeting, October 2013 - Chicago, IL
  • Inside Debt and Mergers and Acquisitions - Financial Management Association Annual Meeting, October 2012 - Atlanta, GA
  • Inside Debt and Mergers and Acquisitions - Eastern Finance Association Annual Meeting, April 2012 - Boston, MA
  • Corporate Governance and Risk Taking: Evidence from Defined Benefit Plan Asset Allocation - Financial Management Association Annual Meeting, October 2011 - Denver, CO
  • Stock Misvaluation and Synergy Driven Mergers and Acquisitions: Evidence from Voluntary Bid Withdrawals - Eastern Finance Association Annual Meeting, April 2011 - Savannah, GA
  • Pension Contributions and Corporate Investment: Defined Benefit vs. Defined Contribution Plans - Financial Management Association Annual Meeting, October 2010 - New York, NY
  • What Drives R&D Intensive Stock’s Excess Returns? A Variance Decomposition Analysis - Eastern Finance Association Annual Meeting, April 2010 - Miami, FL
  • What Drives R&D Intensive Stock’s Excess Returns? A Variance Decomposition Analysis - Southwestern Finance Association Annual Meeting, March 2010 - Dallas, TX
  • Impact of Change in Retirement Benefit Plans on Firm’s Investment, Value, and Risk - Financial Management Association Annual Meeting, October 2009 - Reno, NV
  • Impact of Change in Retirement Benefit Plans on Firm’s Investment, Value, and Risk - Eastern Finance Association Annual Meeting, April 2009 - Washington, DC
  • Impact of Change in Retirement Benefit Plans on Firm’s Investment, Value, and Risk - Southwestern Finance Association Annual Meeting, March 2009 - Oklahoma, OK

Selected Contracts, Fellowships, Grants and Sponsored Research

  • Faculty Small Research Grant (2019), Grant - Donahue Center for Business Ethics and Social Responsibility
    Phan, H.V., Freund, S., Nguyen, N.
  • Interdisciplinary research grant (2019), Grant - Manning School of Business and University of Massachusetts Lowell
    Phan, H.V., Zhang, C., Walter, A.