Gerald Jensen, Professor of Finance, co-authored a research paper entitled "Gridlock's Gone, Now What?" which was published in the September/October 2006 edition of The Financial Analysts Journal. The research study examines whether or not political gridlock is good for stocks. The study was co-authored by NIU Finance Professor Gerry Jensen, University of Wisconsin Oshkosh Professor Scott Beyer, and CFA Institute Managing Director Robert Johnson. The study, as conducted by the trio of financial analysts, examines the monthly inflation-adjusted returns of 10 stock indexes over the period 1949 through 2004. Their findings indicate that stocks performed as laggards during the 402 months of gridlock that occurred within the 56 year period 1949 through 2004; during those months of gridlock, stocks averaged gains of 6 percent a year. Conversely, during the 270 months of governmental "harmony" that occurred within the period 1949 through 2004, stocks averaged gains of 22 percent a year.
Lei Zhou, Assistant Professor of Finance, authored a research paper entitled "Asset Opaqueness and Split Bond Ratings" which has been accepted for publication in Financial Management. (Summer 2006.) Financial Management is one of the top academic journals in finance.
Mark Rosenbaum, Assistant Professor of Marketing, authored a research paper entitled "Exploring the Social Supportive Role of Third Places in Consumers' Lives" which was published in August 2006 in the Journal of Service Research (click for abstract of the study). Dr. Rosenbaum was quoted, and his research findings cited, in a Chicago Tribune article -- "Hangouts Feed Souls of Lonely"-- which ran on August 12, 2006.
Gerald Jensen, Professor of Finance, John Banko, Assistant Professor of Finance, and University of Richmond Finance professor Mitch Conover co-authored a research paper entitled "The Relationship between the Value Effect and Industry Affiliation." This paper discusses value investing and the interrelationship between the higher historical returns (known as "value effect") produced by firms and the industry in which a firm operates. The authors' paper has been accepted for 2006 publication by The Journal of Business, which is published and produced by the University of Chicago Press. The Journal of Business publishes only the highest quality papers in all business disciplines. This paper represents the first NIU paper ever accepted for publication in The Journal of Business (University of Chicago).