Carolyn Carroll

Carolyn Carroll
Associate Professor of Finance
Economics, Finance & Legal Studies
Office: 251 Alston Hall, 205-348-9791
Specialty Areas:
Corporate Finance and Investments
Education:
Illinois State University (B.A.), University of Illinois (Ph.D.).
Honors, Achievements and Affiliations:
Dr. Carroll has published articles in Journal of Business, Journal of Financial and Quantitative Analysis, Financial Review, Quarterly Journal of Business and Economics, Journal of Economics and Finance and The Journal of Financial Research.

Selected Publications

  • “Downsizing in the 1990’s: A New Perspective.” (With Brett King.) Advances in Financial Planning and Forecasting.  Forthcoming. 
  • “Toeholds, Rejected Offers, and Bidder Gains: Do Rebuffed Bidders Put Targets into Play to Profit on their Toeholds?” Journal of Economics and Finance.  May 2010. 
  • “The Relative Impact of Public Information in Shaping Investor Expectations.” (With John Burnett and Paul Thistle.) Journal of Applied Business Research.  May/June 2009. 
  • “Why Do Firms Retain their CEO’s following a Bad Takeover Attempt?” (With John Griffith.) Journal of Economics and Finance. Summer 2008. 
  • “CEO Gains from Spin-Offs.” (With Rakesh Sah.) Review of Business Research.  Autumn 2007. 
  • “Free Cash Flow, Leverage, and Investment Opportunities.” (With John M. Griffith.)   Quarterly Journal of Business and Economics.  Summer 2001. 
  • “Hostile vs. White Knight Bidders.” (With John M. Griffith and Patricia M. Rudolph.) Managerial and Decision Economics.  May 1999.  
  • “The Performance of White Knight Management.” (With John Griffith and Pat Rudolph.) Financial Management. Summer 1998. 
  • "The Impact of Health Care Reform On Capital Acquisition For Hospitals." (With S. Topping and T. Lindley.) Financial Review.  November 1997. 
  • "Determinants of Corporate Hedging and Derivatives: A Revisit." (With Robert C.W. Fok and M.C. Chiu.) Journal of Economics and Business.  November/December 1997. 
  • "Dividend Announcements and Changes in Beta." (With S. Sears.) Financial Review.  August 1994. 
  • "The Robustness of the Risk-Return Relationship: An Empirical Relationship." (With P. Thistle and K. C. J. Wei.) Journal of Financial and Quantitative Analysis. September 1992.   
  • "An Empirical Examination of the Existence of a Signaling Value Function for Dividends." (With H. Manakyan.)  The Journal of Financial Research.   Fall 1990. 
  • “Risk, Return, and Equilibrium: An Extension.” (With J. Wei.) Journal of Business. October 1988.