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Lena Booth
Lena Booth
Associate Professor of Finance

Language(s)

English, Chinese and Malay, plus a few Chinese dialects

Birthplace/Raised

Malaysia

EDUCATION

B.B.A., National University of Singapore
M.B.A., Northern Arizona University
Ph.D.(Finance), Arizona State University

SELECTED PUBLICATIONS

"Choice of Underwriters in Initial Public Offerings", with James Booth and Daniel Deli, Journal of Business and Policy Research, Vol. 5, No. 2, December 2010.

The Cost of Going Public: Why IPOs Are Typically Underpriced? Book Chapter in QFinance The Ultimate Resource, Bloomsbury Information Ltd, 2009.

"Loan Collateral and Corporate Borrowing Costs," with James R. Booth, Journal of Money, Credit and Banking, Vol. 38, No. 1, 2006.

Do Closed-End Funds Invested in International Securities Outperform Those Invested in Domestic Securities? with Hassan Tehranian, Journal of Applied Finance, Vol. 15, No. 1, 2005.

"Underwriter reputation and the aftermarket performance of closed-end funds? Journal of Financial Research, Vol. 24, No. 4, 2004.

Deposit Insurance and Specialization in Commercial Bank Lending, with James R. Booth, Review of Financial Economics, Special issue: Commercial Banks: Performance, Regulation, and Market Value, Vol. 13, No. 1, 2004.

Is the Presidential Cycle in Security Returns Merely a Reflection of Business Conditions?, with James R. Booth, Review of Financial Economics, Vol. 12, No. 2, 2003.

Does the stock market prefer Republican Administrations?, with James R. Booth, Journal of Applied Management and Entrepreneurship, January 1999. (Also published in the Federal Reserve Bank of San Francisco Economic Letter, Number 98-19, June 19, 1998 and summarized in the Arizona Republic.)

Economic factors, monetary policy, and the expected returns on stocks and bonds, with James R. Booth, Economic Review, Federal Reserve Bank of San Francisco, 1997.

Going public and IPOs in China, with Henry Mok, Manual of Financial Markets in China, Chinese University of Hong Kong Press, 1997.

"Ownership dispersion, costly information, and IPO underpricing", with James R. Booth, Journal of Financial Economics, Vol. 41, 1996.

"The structure and pricing of large bank loans", with James R. Booth, Economic Review, Federal Reserve Bank of San Francisco, No. 3, 1995.

"A reexamination of the costs of firm commitment and best efforts contracts", The Financial Review, Vol. 30, No.2, May 1995. (Summary reproduced in Bowne: Review for CFOs & Investment Bankers, July/August 1995, Bowne & Co.)

"The development of stock markets in China", with James R. Booth, Federal Reserve Bank of San Francisco Economic Letter Number 94-42, December 9, 1994. (Reprinted in The International Finance Reader, Third Edition and in subsequent editions and in The Investments Reader, Second Edition and in subsequent editions, Blackwell Publishing Company.)

RESEARCH

Technology shocks, regulation, and the IPO market

The IPO Book-building Process

Why is IPO Underpricing A Global Phenomenon?

Home Country Risks and the Aftermarket Performance of Foreign IPOs in the U.S

AWARDS & HONORS

Thunderbird Outstanding Teaching Award from EMBA for LG executives, 2008.
Thunderbird Best Professor for Global MBA On-Demand, 2007
Thunderbird Outstanding Core Faculty Teaching Award, 2006
Thunderbird Faculty Research Award, 2005
Dennis Ching Teaching Excellence Award, University of Hawaii , 1995
College of Business Administration Teaching Excellence Award, University of Hawaii , 1995

PROFESSIONAL BACKGROUND

Associate Professor of Finance, Thunderbird, 1997 - present.
Visiting Professor of Finance, DePaul University, 2008-2009.
Visiting Professor of Finance, National University of Singapore, Summers of 2008 & 2009.
Visiting Professor of Finance, Thunderbird, 1995-1997.
Assistant Professor of Finance, University of Hawaii at Manoa, 1991 - 1995
Associate, Center for Pacific Basin Monetary Economic Studies, Federal Reserve Bank of San Francisco, 1995 - present