Professor of Finance
Head, Department of Business Management
Poole College of Management
NC State University
email@example.com (remove nospam)
Google Scholar Page
Finance Area at NC State
Poole College of Management
North Carolina State University
Raleigh, NC 27695-7229
Poole College of Management
2801 Founders Drive
Nelson Hall 2344
Raleigh, NC 27695
Richard Warr received his Ph.D in Finance from the University of Florida in 1998. Richard earned an undergraduate degree with Honours in Land Management from the University of Reading, England, and an MBA from the University of North Carolina at Wilmington.
His research focuses on information transmission in markets, equity valuation, endogeneity of corporate events such as option listings, short selling, capital structure and market microstructure.
He has published papers in the Journal of Financial and Quantitative Analysis, Financial Management, the Journal of Corporate Finance, the Journal of Financial Intermediation, the Journal of Accounting Auditing and Finance, the Journal of Financial Research, the Journal of Economics and Business, the Financial Review and the Journal of Business Finance and Accounting.
His teaching is in the area of investments, portfolio management and security analysis.
University of Florida Ph.D. (Finance) December 1998. Dissertation: “The Decline of Inflation and the Bull Market of 1982 to 1997” Chair: Jay R. Ritter
University of North Carolina, Wilmington MBA May 1992.
University of Reading, England, B.Sc. (Hons), (Land Management) June 1987.
Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts
Bartley Danielsen, David Harrison, Robert Van Ness and Richard S. Warr Journal of Real Estate Research (Forthcoming)
Equity Mispricing and Leverage Adjustment Costs
Richard S. Warr, William B. Elliott, Johanna Koëter-Kant, and Ozde Oztekin Journal of Financial and Quantitative Analysis, 2012, Vol 47, 589-616. pdf
Short selling of ADRs and Foreign Market Short-Sale Constraints
Benjamin Blau, Robert Van Ness and Richard S. Warr Journal of Banking and Finance, 2012, Vol 36, 886-897.pdf
The Characteristics of Firms That Hire Chief Risk Officers
Don Pagach and Richard S. Warr Journal of Risk and Insurance, 2011, Vol 78, No 1, 185-211.pdf
REIT Auditor Fees and Financial Market Transparency
Bartley R. Danielsen, David M. Harrison, and Robert A. Van Ness Real Estate Economics, 2009, Vol 37, No 3, 515-557.pdf
Single Stock Futures as a Substitute for Short Sales: Evidence from Microstructure Data
with Bartley Danielsen, Robert Van Ness Journal of Business Finance and Accounting, 2009, Vol 36, 1273-1293.pdf
The Information Conveyed in Hiring Announcements of Senior Executives Overseeing Enterprise-Wide Risk Management Processes
Mark Beasley, Don Pagach, Richard Warr Journal of Accounting, Auditing and Finance, 2008, Vol. 23 Issue 3, p311-332. (Lead Article).pdf
Market Timing and the Debt-Equity Choice
with William B. Elliott and Anjo Koeter Journal of Financial Intermediation, 2008, Vol 17, 175-197.pdf
Cubes to Quads, the change from QQQ on the AMEX to QQQQ on the NASDAQ
with Kevin Broom and Robert Van Ness Journal of Economics and Business, 2007, Vol 59, 520–535.pdf
Reassessing the Impact of Option Introductions on Market Quality: A Less Restrictive Test for Event-Date Effects
with Bartley R. Danielsen and Bonnie F. Van Ness Journal of Financial and Quantitative Analysis, 2007, Vol 42, 1041-1062.pdf
Audit Fees, Market Microstructure and Informational Transparency
with Bartley Danielsen and Robert A. Van Ness Journal of Business Finance and Accounting, 2007, Vol 34, 202-221.pdf
A Valuation-Based Test of Market-Timing
with William B. Elliott and Anjo Koeter Journal of Corporate Finance, 2007, Vol. 13, 112-128.pdf
What Drives the S&P500 Inclusion Effect? An Analytical Survey
with Bill Elliott, Bonnie Van Ness and Mark Walker Financial Management 2006, Vol 35, No 4, pp. 31-48.pdf
NASDAQ Trading and Trading Costs: 1993-2002
with Bonnie Van Ness and Robert Van Ness The Financial Review, 2005, Vol. 40, pp. 281-304.pdf
The Impact of Market-Maker Concentration on Adverse Selection Costs for NASDAQ Stocks.
with Bonnie F. Van Ness and Robert A. Van Ness Journal of Financial Research, 2005, Vol. 28, No. 3, pp. 461-485.pdf
The Impact of the Introduction of Index Securities on the Underlying Stocks: The Case of the Diamonds and the Dow 30
with Bonnie Van Ness and Robert Van Ness Advances in Quantitative Analysis of Finance and Accounting, 2005, Vol. 2.pdf
An Empirical Study of Inflation Distortions to EVA
Journal of Economics and Business, 2005, Vol. 57, No. 2, pp. 119-137.pdf
Price Pressure on the NYSE and Nasdaq: Evidence from S&P 500 Index Changes
with William Elliott Financial Management, Autumn, 2003, Vol.30, No. 3, pp. 85-99.pdf
Is the Adverse Selection Component Really Higher on the NYSE/Amex than on the Nasdaq?
with Bonnie Van Ness and Robert Van Ness Journal of Business, Finance & Accounting, 2002, Vol. 29, No. 5 & 6, pp. 807-824.pdf
The Decline of Inflation and the Bull Market of 1982 to 1999
with Jay R. Ritter Journal of Financial and Quantitative Analysis, 2002, Vol. 37, No. 1, pp. 29-61.pdf
How Well Do Adverse Selection Models Measure Adverse Selection?
with Bonnie Van Ness and Robert Van Ness Financial Management, 2001, Vol. 30, No. 3, pp. 77-98.pdf
Corporate Reputational Risk and Enterprise Risk Management: An Analysis from the Perspectives of Various Stakeholders
with Donald Pagach Society of Actuaries Monograph, 2009.link
A Comparison of NYSE and Regional Trading (1993-2002)
with Bonnie Van Ness, Robert Van Ness Focus on Financial Institutions and Services Nova Science Publishers, Inc., Hauppauge, NY.
CEO Opportunism?: Option Grants and Stock Trades around Stock Splits with Erik Devos and William Elliott Under Review
Investment in audit services and the external financing needs of the firm with Bartley Danielsen, David Harrison and Bonnie Van Ness
Market timing and stock repurchases with Alice A. Bonaime and Ozde Oztekin Under Review
Inflation and Mutual Fund Flows with Srini Krishnamurthy and Denis Pelletier
Employee Satisfaction and Innovation Efficiency: Evidence from Corporate Social Responsibility with Jing Zhao
My teaching is in the area of corporate finance and investments. I have taught:
Financial Analytics (Master of Advanced Analytics) Investment Theory and Practice (MBA/Graduate) Portfolio and Capital Market Theory (MBA/Graduate) Corporate Finance (MBA/Graduate) Financial Management (Undergraduate) Investments and Portfolio Management (Undergraduate)
Current class websites are on Moodle
My Finance Blog: financeclippings.blogspot.com
STATA links and tips
STATA website The FAQ page is pretty useful
Mitchell A. Petersen at Northwestern has a great site on programming in stata with particular focus on standard error estimation and clustered standard errors.
University of Wisconsin-Madison
UCLA Stata pages