Bank of America Associate Professor of Finance
Director, Center for International Business Education and Research

Curriculum Vitae

AndyNaranjo-PICAndy Naranjo

Bank of America Associate Professor of Finance

University of Florida
Warrington College of Business Administration
Department of Finance, Insurance, and Real Estate

PO Box 117168
Gainesville, FL 32611-7168
Office: (352) 392-3781; Fax: (352) 392-0301
Email: ANDY.NARANJO@WARRINGTON.UFL.EDU

 

AREAS OF SPECIALIZATION

Financial Economics, International Finance, International Corporate Finance, Empirical Asset
Pricing, Real Estate Finance, Capital Market Linkages, and Information Flows

 

EDUCATION

Ph.D. in Financial and International Economics, Claremont Graduate University (CGU), 1994

Dissertation: “A Benchmark for Tests of International Equity Market Integration,” Committee: Aris Protopapadakis, University of Southern California; Richard Sweeney, Georgetown University; Thomas Willett, Claremont Graduate University; Best Paper of Conference Award, Multinational Financial Conference (1995)

M.A. in Economics, Claremont Graduate University, 1988

B.S. in Economics, University of California at Riverside (UCR), 1986

 

AWARDS/HONORS

Distinguished International Educator Award, College of Bus., University of Florida (2005, 2009, 2013)

Teacher of the Year Award, College of Business, University of Florida (1994-95, 1999-2000, 2002-2003)

University-wide Teaching Award (TIP), University of Florida (1996-97)

Best Paper Award Semi-Finalist, Financial Management Association Conference (October 2014)

Best Paper of the Conference Award, Southern Finance Association Conference (November 2013)

Best Paper of the Conference Award, Multinational Financial Conference (June 1995)

Beta Gamma Sigma Honor Society

Homer Hoyt Fellow Candidate (2016 Fellow)

 

ACADEMIC EXPERIENCE

Bank of America Associate Professor of Finance, University of Florida, 2011-Present

Emerson-Merrill Lynch Associate Professor of Finance, University of Florida, 2000-2010

Teaching assignments include:

  • International Finance (MBA, Executive MBA, M.S. Finance, & M.A. International Business)
  • International Financial Management (Distance MBA)
  • International Business Immersion Abroad: Argentina, Brazil, Chile, Peru (Graduate Programs in Business and other Colleges throughout UF)
  • Fixed Income and Capital Markets (Graduate & Undergraduate)
  • Post-Doctoral Bridge Program, Ph.D. Seminars, DBA Program
  • Taught over 3,500 graduate students since 2000

Visiting Scholar, Columbia University, Graduate School of Business, NY, 2007

Director, Center for International Business Education and Research (CIBER), University of Florida, 2012-Present

Associate Director, CIBER, University of Florida, 2004-2011

Assistant Professor of Finance, University of Florida, 1993-2000

Affiliate Professor, Center for Latin American Studies, University of Florida, 1993-Present

 

OTHER PROFESSIONAL EXPERIENCE

Consultant, 1997-Present
Perform various consulting projects on an individual contract basis.

Computer Consultant, CGU Computing Center, 1991-1993

Taught advanced and introductory computer courses and assisted faculty and graduate students across disciplines with methodological, statistical, software, programming, and data issues across computing platforms.

Financial Economist, Claremont Economics Institute (CEI), Claremont, California, 1989-1991

Performed economic and financial forecasting, industrial, sectorial, exchange rate and financial analysis for clients as well as for various CEI publications and reports.

Botany Laboratory Assistant, University of California at Riverside, 1983-1986

Maintained laboratory plant stocks through tissue culture and recombinant DNA techniques.

 

CURRENT RESEARCH UNDER SUBMISSION

“Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk” (with J. Lee and S. Sirmans), revise and resubmit at Journal of Finance

  • Presented at: the 2013 SFS Finance Cavalcade, 2013 WU Gutmann Symposium, and 2013 China International Conference in China, 2013 SFA Conference, University of Florida, Texas A&M, University of Arkansas, Tulane University, Iowa State University, Brigham Young University, Clemson University, and University of Missouri; Winner of best paper of the conference at the SFA meetings.

“Cloud Computing Spot Pricing Dynamics: Latency and Limits to Arbitrage” (with K. Cheng and Z. Li), revise and resubmit at Information Systems Research

  • Presented at: Babson College, University of Maryland, University of Notre Dame, Florida International Universitty, and the University of Illinois

“Credit Availability and Asset Pricing Spirals in Illiquid Markets” (with D. Ling and B. Scheick), revise and resubmit at the Journal of Money, Credit, and Banking

  • Presented at: California State University-Fullerton, the Dallas Federal Reserve Bank, Texas Tech University, University of Cambridge, University of Florida, University of Georgia, Villanova University, the Annual Research Symposium of the Real Estate Research Institute, the 4th Annual ReCapNet Conference on Real Estate and Capital Markets, the Annual Meeting of the Allied Social Science Associations, and the AREUEA International Meetings in Jerusalem

“Borrowing beyond Borders: Foreign Assets, Lender Choice, and Loan Pricing in the Syndicated Bank Loan Market” (with J. Houston and J. Itzkowitz), revise and resubmit at the Journal of Banking & Finance

  • Presented at: The 12th INFINITI Conference in Prato Italy on International Finance

“Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets” (with E. Giacomini and D. Ling), revise and resubmit at Journal of Real Estate Finance and Economics

  • Presented at: MIT (MNM 2013 symposium), Homer Hoyt Institute (Weimer School), and the AREUEA International Meetings in Reading, U.K.; accepted for presentation at 2015 ASSA meetings in Boston

“CDS Momentum: Slow Moving Credit Ratings and Cross-Market Spillovers” (with J. Lee and S. Sirmans), under submission at the Journal of Finance

  • Accepted for presentation at: 2015 AEA meetings in Boston, 2014 FMA meetings (under consideration for best paper conference award, currently best paper award semi-finalist)

“Customer-base Concentration and the Transmission of Idiosyncratic Volatility Along the Vertical Chain” (with Atanas Mihov), under submission at the Journal of Financial Economics

  • Presented at: University of Florida

 

CURRENT RESEARCH ACTIVITY

“Far from the Spotlight: Media Coverage, News Diffusion, and the Post-Earnings Announcement Drift” (with D. Shao)

  • Presented at: University of Florida

“Cross Listings and Shareholder Vote Valuation Effects” (with E. Dudley and S. Sirmans)

“Why Do Distant Buyers Pay More? Brokers, Behavioral Biases, and Search Costs” (with D. Ling and M. Petrova)

  • Presented at: University of Cambridge and the 2013 ASSA meetings in San Diego

“Corporate International Diversification and Firm Return Volatility” (with Atanas Mihov)

“Capital Structure Matters: Leverage Effects on REIT Return Performance” (with E. Giacomini and D. Ling)

“Online Crowdfunding and Market Integration: Lending Beyond State Borders” (with K. Cheng and Z. Li)

  • Presented at: University of Florida

“Economic Policy Uncertainty and Firm Expected Returns” (with M. Nimalendran and S. Sardarli)

“Location versus Property Type Effects in Commercial Real Estate Returns” (with D. Ling and B. Scheick)

  • Presented at: National Council of Real Estate Investment Fiduciaries (NCREIF), Summer Conference 2014, Lansdowne, VA

 

ACADEMIC PUBLICATIONS

“Corporate Socially Responsible Investments: CEO Altruism, Reputation, and Shareholder Interests” (with R. Borghesi and J. Houston), forthcoming in the Journal of Corporate Finance

“Returns and Information Transmission Dynamics in Public and Private Real Estate Markets” (with D. Ling), forthcoming at Real Estate Economics

“Investor Sentiment, Limits to Arbitrage, and Private Market Returns” (with D. Ling and B. Scheick), Real Estate Economics, 2013, Vol. 41, pp. 1-47.

“Information, Uncertainty, and Behavioral Effects: Evidence from Abnormal Returns around Real Estate Investment Trust Earnings Announcements” (with Frank Gyamfi-Yeboah and D. Ling), Journal of International Money and Finance, 2012, Vol. 31, pp. 1930-1952.

“Real Estate Ownership, Leasing Intensity, and Value: Do Stock Returns Reflect a Firm’s Real Estate Holdings?” (with D. Ling and M. Ryngaert), Journal of Real Estate Finance and Economics, 2012, Vol. 44, pp. 184-202.

“Derivative Usage and Firm Value: The Influence of Agency Costs and Market Imperfections” (with L. Fauver), Journal of Corporate Finance, 2010, Vol. 16, No. 5, pp. 719-735.

“Risk Factor and Industry Effects in the Cross-Country Comovement of Momentum Returns” (with B. Porter), Journal of International Money and Finance, 2010, Vol. 29, No. 2, pp. 275-299.

“Commercial Real Estate Valuation: Fundamentals versus Investor Sentiment” (with J. Clayton and D. Ling), Journal of Real Estate Finance and Economics, 2009, Vol. 38, No. 1, pp. 5-37 (Lead Article).

“Institutional Capital Flows and Return Dynamics in Private Commercial Real Estate Markets” (with J. Fisher and D. Ling), Journal of Real Estate Economics, 2009, Vol. 37, No. 1, pp. 85-116.

“Split Bond Ratings and Rating Migration” (with M. Livingston and L. Zhou), Journal of Banking and Finance, 2008, Vol. 32, No. 8, pp. 1613-1624.

“Value, Survival, and the Evolution of Firm Organizational Structure,” (with R. Borghesi and J. Houston), Financial Management, 2007, Vol. 36, No. 3, pp. 5-31 (Lead Article).

“Including Emerging Markets in International Momentum Investment Strategies” (with B. Porter), Emerging Markets Review, 2007, Vol. 8, No. 2, pp. 147-166.

“Asset Opaqueness and Split Bond Ratings” (with M. Livingston and L. Zhou), Financial Management, 2007, Vol. 36, No. 3, pp. 49-62.

“Dedicated REIT Mutual Fund Flows and REIT Performance,” (with D. Ling), Journal of Real Estate Finance and Economics, 2006, Vol. 32, No. 4, pp. 409-433.

“Cross-Country Evidence on the Value of Corporate Industrial and International Diversification” (with L. Fauver and J. Houston), Journal of Corporate Finance, 2004, Vol. 10, No. 5, pp. 29-752.

“Capital Market Development, International Integration, Legal Systems, and the Value of Corporate Diversification: A Cross Country Analysis” (with L. Fauver and J. Houston), Journal of Financial and Quantitative Analysis, 2003, Vol. 38, No. 1, pp. 135-157.

“The Dynamics of REIT Capital Flows and Returns” (with D. Ling), Journal of Real Estate Economics, 2003, Vol. 31, No. 3, pp. 405-434.

“The Effects of Purchases of Mortgages and Securitization by Government Sponsored Enterprises on Mortgage Yield Spreads and Volatility” (with A. Toevs), Journal of Real Estate Finance and Economics, 2002, Vol. 25, No. 2, pp. 173-195.

“Commercial Real Estate Return Performance: A Multi-Beta, Cross-Country Analysis” (with D. Ling), Journal of Real Estate Finance and Economics, 2002, Vol. 24, No. 1, pp. 119-142.

“Government Intervention and Adverse Selection Costs in Foreign Exchange Markets” (with M. Nimalendran), Review of Financial Studies, 2000, Vol. 13, pp. 453-477.

“Estimating Returns on Commercial Real Estate: A New Methodology Using Latent Variable Models” (with D. Ling and M. Nimalendran), Journal of Real Estate Economics, 2000, Vol. 28, No. 2, pp. 205-231.

“Time Variation of Ex-dividend Day Stock Returns and Corporate Dividend Capture: A Re- examination” (with M. Nimalendran and M. Ryngaert), Journal of Finance, 2000, Vol. 55, No. 5, pp. 2357-2372.

“The Predictability of Equity REIT Returns: Time Variation and Economic Significance” (with D. Ling and Mike Ryngaert), Journal of Real Estate Finance and Economics, 2000, Vol. 20, No. 2, pp. 117-136.

“The Integration of Commercial Real Estate Markets and Stock Markets” (with D. Ling), Journal of Real Estate Economics, 1999, Vol. 27, pp. 483-515.

“Stock Returns, Dividend Yields and Taxes” (with M. Nimalendran and M. Ryngaert), Journal of Finance, 1998, Vol. 53, No. 6, pp. 2029-2057.

“Financial Market Integration Tests: An Investigation Using U.S. Equity Markets” (with A. Protopapadakis), Journal of International Financial Markets, Institutions & Money, 1997,Vol. 7, pp. 93-135 (Lead Article).

“Economic Risk Factors and Commercial Real Estate Returns” (with D. Ling), Journal of Real Estate Finance and Economics, 1997, Vol. 14, pp. 283-307.

 

BUSINESS, PROFESSIONAL AND CONFERENCE PROCEEDINGS PUBLICATIONS

“Corporate Borrower Nationality and Global Presence: Cross Country Evidence on the Pricing of Syndicated Bank Loans,” (with J. Houston and J. Itzkowitz), Research Handbook on International Banking and Governance, Edward Elgar Publishing, 2011.

“Do Real Estate Ownership and Leasing Decisions Affect a Non-Real Estate Firm’s Stock Market Risk and Return?” (with D. Ling and M. Ryngaert), Journal of Shopping Center Research, 2006, Vol. 13, No. 1, pp. 1-18 (Lead Article).

“The Effects of Purchases of Mortgages and Securitization by Government Sponsored Enterprises on Mortgage Yield Spreads and Volatility” (with A. Toevs), Fannie Mae Papers, 2002, Vol. 1, Issue 3, pp. 1-14.

“Fundamental Determinants of Commercial Real Estate Returns” (with D. Ling), Journal of Real Estate Finance, 1998, Vol. 14, pp. 13-24.

“An Analysis of the Linkages Between Macroeconomic Events and Commercial Real Estate Returns” (with D. Ling), The Cutting Edge, Proceedings of the Property Research Conference of the Royal Institution of Chartered Surveyors, 1995, Vol. 1, pp. 281-305.

 

RESEARCH GRANTS

Center for International Business Education and Research, 2011-2014, $1.3 million, DOE, Principal Investigator

University of Florida, College of Business, 1994-2010, Summer Research Grants

Real Estate Research Institute, 2014-2015, “Capital Structure Matters: Leverage Effects on REIT Return Performance” (with E. Giacomini and D. Ling), $15,000

European Public Real Estate Association, 2012-2013, “Leverage, Volatility, and Returns: A Cross-Country Analysis of Public Real Estate Markets” (with E. Giacomini and D. Ling), $16,000

Real Estate Research Institute, 2012-2013, “Search Costs and Behavioral Biases in Commercial Real Estate Pricing: Why Do Distant Buyers Pay More than Local Buyers?” (with D. Ling and M. Petrova), $15,000

NAREIT, 2011, “The Dynamics of Returns and Volatility in Public and Private Real Estate Markets” (with D. Ling), $50,000

Real Estate Research Institute, 2010-2011, “Funding Constraints and Commercial Real Estate Pricing Spirals” (with D. Ling and B. Scheick), $18,000

Real Estate Research Institute, 2009-2010, “The Differential Effects of Investor Sentiment in Public and Private Commercial Real Estate Markets” (with D. Ling and B. Scheick), $18,000

Real Estate Research Institute, 2006-2007, “Real Estate Capital Flows, Investor Sentiment, and Asset Pricing” (with J. Clayton and D. Ling), $12,000

Real Estate Research Institute, 2005-2006, “The Dynamics of Capital Flows and Property Returns: A Disaggregated Analysis of Metropolitan Areas and Property Types” (with J. Fisher and D. Ling), $11,000

ICSC Educational Foundation, 2004-2005, “Do Real Estate Ownership and Leasing Decisions Affect a Non-Real Estate Firm’s Stock Market Risk and Return?” (with D. Ling and M. Ryngaert), $12,900

Real Estate Research Institute, 2003-2004, “Dedicated REIT Mutual Fund Flows and Performance” (with D. Ling), $9,000

Homer Hoyt Institute and Real Estate Research Institute, 2002-2003, “The Dynamics of REIT Capital Flows and Returns” (with D. Ling), $17,100

Center for International Business Education and Research, 1999-2000, “The Impact of Economic News on Foreign Exchange Rates, Volatility, and Trading Volume” (with M. Flannery), $4,000

Public Utilities Research Center, 1999-2000, “The Impact of Derivative Usage on Utilities,” (with L. Fauver), $4,000

Real Estate Research Institute, 1999-2000, “Commercial Real Estate Return Performance: A Multi-Beta, Cross-Country Analysis” (with D. Ling), $9,000

Real Estate Research Institute, 1998-1999, “Estimating Returns on Commercial Real Estate: A New Methodology” (with M. Nimalendran), $8,500

Real Estate Research Institute, 1997-1998, “The Predictability of Equity REITS” (with M. Ryngaert), $9,500

Division of Sponsored Research, University of Florida, 1995-1996, “Government Intervention and Dynamic Linkages Across Foreign Exchange and Equity Markets,” $7,500

Real Estate Research Institute, 1995-1996, “An Analysis of the Linkages Between Macroeconomic Events and Commercial Real Estate Returns” (with D. Ling), $8,500

 

PAPER/CONFERENCE PRESENTATIONS AND PARTICIPATION

Presenter of “The Impacts of Leverage for Real Estate Risk: a Study of International Securities Markets,” Homer Hoyt Institute, West Palm Beach, FL May 2014

Discussant of “Commonality in Liquidity and Real Estate Securities,” UF-FSU Symposium at the University of Florida, March 2014

Presenter of “Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets,” MIT MNM Symposium, Boston, MA October 2013

Presenter of “The Exodus from Sovereign Risk: Sovereign Ceiling Violations in Credit Default Swap Markets,” SFS Finance Cavalcade, University of Miami, Miami, FL May 2013

Program Chair, International and Real Estate Tracks, Financial Management Association Annual Meeting, Atlantc, GA, October, 2012

Presenter (Plenary Panel) “International Institutes and Centers,” AIB-LAT Conference, Miami, FL, April, 2012

Discussant of “Do Stock Prices Move too Much to be Justified by Changes in Cash Flows? New Evidence from Parallel Asset Markets,”UF-FSU Symposium at the University of Florida, March 2012

Discussant of “Supply, Demand, and the Value of Green Buildings,” ASSA Annual Meeting, Chicago, Illinois, January, 2012

Presenter of “Information, Uncertainity and Behavioral Effects: Evidence from US REIT Earnings Announcements,” JIMF Symposium at Tilburg University, Tilburg, Netherlands, December 2011

Discussant of “Liquidity Dynamics across Public and Private Markets,” JIMF Symposium at Tilburg University, Tilburg, Netherlands, December 2011

Presenter of “Borrowing Beyond Borders: The Geography and Pricing of Syndicated Bank Loans,” European Finance Association Annual Meeting, Porto, Portugal, June 2011

Discussant of “Performance Pricing Covenants and Corporate Loan Spreads,” European Finance Association Annual Meeting, Porto, Portugal, June 2011

Presenter of “Credit Availability and Asset Pricing Spirals in Illiquid Markets,” Texas Tech University, Lubbock, TX, April 2011

Discussant of “How Do Institutional Factors Affect International Real Estate Returns,” AREUEA Annual Meeting, San Francisco, CA, January, 2009

Session Chair of “Valuation Studies, (top-ten percent paper session)” Financial Management Association Annual Meeting, Salt Lake City, Utah, October 2006

Program Committee/Reviewer, Financial Management Association Annual Meeting, Utah, Oct. 2006

Panel Moderator of “Corporate Finance Perspectives in Latin America,” Latin American Business Environment Conference, Gainesville, FL, March 2004 and March 2005

Presenter of “Bond Ratings, Private Information, and Declining Credit Quality,” University of Kentucky, Lexington, KY, April 2004

Session Chair of “International Equity Markets,” Eastern Finance Association Annual Meeting,Orlando, FL, April 2003

Program Committee/Reviewer, Eastern Finance Association Annual Meeting, Orlando, FL, April 2003

Presenter of “The Dynamics of REIT Capital Flows and Returns,” American Real Estate and Urban Economics Association Annual Meeting, Washington, DC, January 2003

Session Chair of “Hedging Strategies and Hedge Effectiveness,” Southern Finance Association Annual Meeting, Key West, FL, November, 2002

Presenter of “US Evidence on the Effects of GSEs on Mortgage Markets,” Prudential Securities/Icatu (PIGII) Seminar on Real Estate Investment at Pontifícia Universidade Católica do Rio de Janeiro (PUC‑Rio), Rio de Janeiro, Brazil, October 2002

Presenter of “International Momentum Strategies: Profitability and Cross-Country Relationships,” University of New Orleans, LA, April 2002

Presenter of “International Momentum Strategies: Profitability and Cross-Country Relationships,” CIBER, University of Florida, Florida, April 2002

Presenter of “International Momentum Strategies: Profitability and Cross-Country Relationships,” University of Miami, Florida, November 2001

Program Chair, International Track, Financial Management Association Annual Meeting, Toronto, Canada, October, 2001

Session Chair of “Cost of Capital and Firm Value in Emerging Markets,” Financial Management Association Annual Meeting, Toronto, Canada, October, 2001

Presenter of “The Effects of Purchases of Mortgages and Securitization by Government Sponsored Enterprises on Mortgage Yield Spreads and Volatility,” American Real Estate and Urban Economics Association Annual Meeting, New Orleans, LA, January 2001

Program Committee, Financial Management Association Annual Meeting, Seattle, WA, October, 2000

Session Chair of “Volatility, Risk and Contagion,” Financial Management Association Annual Meeting, Seattle, WA, October, 2000

Program Committee, European Financial Management Association Annual Meeting, Edinburgh, Scotland, May, 2000

Program Committee, Eastern Finance Association Annual Meeting, Myrtle Beach, SC, April, 2000

Discussant of “What Drives Equity REIT Returns? The Relative Influences of Bond, Stock, and Real Estate Factors,” American Real Estate and Urban Economics Association Annual Meeting, Boston, MA, January, 2000

Program Committee, Financial Management Association Annual Meeting, Orlando, FL, October, 1999

Session Chair of “Forecasting Foreign Exchange Rates,” Financial Management Association Annual Meeting, Orlando, FL, October, 1999

Discussant of “Exchange Rates and Fundamentals: Evidence from Out-of-Sample Forecasting Using Neural Networks,” Financial Management Association Annual Meeting, Orlando, FL, October, 1999

Presenter of “Capital Market Development, Legal Systems and the Value of Corporate Diversification: A Cross Country Analysis,” Western Finance Association Annual Meeting, Santa Monica, CA, June 1999

Session Chair of “Real Estate Asset Pricing,” American Real Estate and Urban Economics Association Annual Meeting, New York, NY, January, 1999

Presenter of “Government Intervention and Adverse Selection Costs in Foreign Exchange Markets,” NorthEastern University, Boston, MA, May 1998

Discussant of “What Do Stock Splits Really Signal?,” American Finance Association Annual Meeting, New Orleans, LA, January 1997

Session Chair of “Information Processing in Financial Markets,” Financial Management Association Annual Meeting, New Orleans, LA, October, 1996

Discussant of “The Impact of Day-of-the-Week on IPO Return Autocorrelations,” Financial Management Association Annual Meeting, New Orleans, LA, October, 1996

Discussant of “A Latent Variables Asset Pricing Model with Time-Varying Beta Ratios,” Financial Management Association Annual Meeting, New Orleans, LA, October, 1996

Discussant of “A Time-Varying Risk Analysis of Equity and Real Estate Markets in the U.S. and Japan,” American Real Estate and Urban Economics Association International Real Estate Conference, Orlando, FL, May 1996

Discussant of “A Rational Explanation for the Home Country Dedication of Equity Portfolios,” American Economic Association Annual Meeting, San Francisco, CA, January 1996

Presenter of “Financial Market Integration Tests: An Investigation Using U.S. Equity Markets,” Financial Management Association Annual Meeting, New York, NY, October 1995

Discussant of “Functional Form of the Stock Return Model: Some International Evidence,” Financial Management Association Annual Meeting, New York, NY, October 1995

Presenter of “Financial Market Integration Tests: An Investigation Using U.S. Equity Markets,” Multinational Financial Conference organized by the Rutgers University, Philadelphia, PA, June 1995

Discussant of “Structural Characteristics Differentiating Emerging Equity Markets,” Multinational Financial Conference organized by the Rutgers University, Philadelphia, PA, June 1995

Discussant of “Assessing Benefits of Dynamic Asset Allocation for Swedish Investors,” Global Finance Conference organized by the Global Finance Association, San Diego, CA, May 1995

Presenter of “Financial Market Integration Tests: An Investigation Using U.S. Equity Markets,” Global Finance Conference organized by the Global Finance Association, San Diego, CA, May 1995

Session Chair of “Ethics in the Investment Profession: A Survey of Pacific Rim Countries,” National Conference on Finance Ethics organized by the University of Florida, Gainesville, FL, January 1995

 

BOOK REVIEWS

International Investments (2002) by Bruno Solnik

Fundamentals of Financial Management (1997) by Eugene Brigham and Joel Houston

International Financial Markets and the Firm (1995) by Piet Sercu and Raman Uppal

 

EDITORIAL BOARDS

Global Finance Journal, 2010-Present

Journal of Financial Research, 2012-Present

Emerging Markets Review, Associate Editor, 2002-2006

Journal of Real Estate Finance and Economics, Special Issue Guest Editor 2012, 2014

 

JOURNAL REFEREE

Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of International Money and Finance, Journal of International Business Studies, Global Finance Journal, Multinational Finance Journal, Emerging Markets Review, Journal of International Financial Markets, Institutions, and Money, Journal of Development Economics, Journal of Corporate Finance, Journal of Empirical Finance, Journal of Financial Markets, Journal of Financial Intermediation, Journal of Money, Credit, and Banking, Journal of Banking and Finance, Journal of Financial Research, Journal of Financial Services Research, Review of Financial Economics, Journal of European Finance, Southern Economic Journal, Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Property Research, Journal of Economics and Finance, Scandinavian Journal of Economics, European Financial Management, Pacific Basin Finance Journal

 

SELECTED PROFESSIONAL MEMBERSHIPS

American Finance Association, Western Finance Association, Financial Management Association, American Real Estate and Urban Economics Association

 

SELECTED RECENT PRESS COVERAGE

  • “Upheaval in FX Business,” Bloomberg, February 5, 2014
  • “The Impact of Sovereign Risk – New Research on Credit Default Swap Markets wins WRDS Best Paper Award,” Philidelphia Business Wire, January 6, 2014
  • “FINMA Ready to Bark and Bite: Investigates FX Market Manipulation by Swiss Institutions,” Brokers Regulation, October 5, 2013
  • “Traders Said to Rig Currency Rates,” Bloomberg, June 13, 2013

 

LANGUAGES

Fluent in Spanish

 

DISSERTATION COMMITTEE SERVICE (since 2000)

Student, Year Initial Placement Role
Atanas Mihov, 2014 Economist, Federal Reserve Bank of Richmond Co-Chair
Stace Sirmnas, 2014 Assistant Professor, University of Arkansas Chair
Dominique Badoer, 2014 Assistant Professor, Univesrity of Missouri Member
Zhi Li, 2014 Assiatant Professor, Babson College Member
Sabuhi Sardarli, 2013 Assistant Professor, Kansas State University Co-Chair
Amanda Phalin, 2013 Lecturer, University of Florida External Member, Econ
Thomas Doellman, 2012 Assistant Professor, Saint Louis University Member
Benjamin Scheick, 2011 Assistant Professor, University of Georgia Co-Chair
Sean Marston, 2010 Asst. Prof., Western Kentucky University External Member, ISOM
Jennifer Itzkowitz, 2009 Assistant Professor, Seaton Hall Co-Chair
LiangLiang Jiang, 2009 Assistant Professor, Lingnan University External Member, Econ
Laura Gonzalez, 2008 Assistant Professor, Fordham University Member
Thomas Barkley, 2007 Assistant Professor, Syracuse University Co-Chair
Yvonne Reinertson, 2007 Director, Strategic Capital Research, LLC Chair
Burcin Unel, 2007 Asst. Prof., Boğaziçi University (Turkey) External Member, Econ
Carlos Trejo-Pech, 2007 Asst. Prof., Universidad Panamericana External Member, FRE
Melina Petrova, 2006 Assistant Professor, Syracuse University Member
Kelu Guo, 2006 Tsinghua University External Member, Civil Engineering
Richard Borghesi, 2004 Assistant Professor, Texas State University Co-Chair
Rongbing Huang, 2004 Assistant Professor, Kennesaw State University Member
Elvan Aktas, 2004 Assistant Professor, Florida Atlantic University Member
Bonghoon Kim, 2004 POSCO Research Institute (Korea) External Member, Econ
Lei Zhou, 2002 Assistant Professor, Miami University (Ohio) Member
Larry Fauver, 2000 Assistant Professor, University of Miami Co-Chair
Hui Yang, 2000 Assistant Professor, Kansas State University Co-Chair
Susan Warshauer, 2000 Horowitz Associates Research, NY Ext. Mem., Anthropology

Number of Masters Theses (since 2000): 51 Students

Number of Undergrad Honors Theses, University Scholars Program, and Independent Studies Research (since 2000): 67 Students

Contact Information

University of Florida
Warrington College of Business Administration
Department of Finance, Insurance and Real Estate
PO Box 117168
321 Stuzin Hall
Gainesville FL 32611-7168


Office Phone: (352) 392-3781
Office Fax: (352) 392-0301
Email: andy.naranjo@warrington.ufl.edu

Curriculum Vitae

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