Darius P. Miller Ph.D.

Darius Miller is the Caruth Chair in Finance at Southern Methodist University, where he joined the faculty in 2005. Dr. Miller has teaching and research interests in international financial markets, corporate governance, financial disclosure, and securities offerings. He has published numerous academic papers in premier journals, including the Journal of Finance, Journal of Financial Economics, Journal of Accounting Research, and the Journal of Financial and Quantitative Analysis. His work has been featured in business publications, such as the CFA Digest and the Bownes Review for CFOs & Investment Bankers, and has influenced important policy debates, including the mandatory auditor rotation provision of the 2002 Sarbanes-Oxley Act. Professor Miller has presented his work to numerous conferences, universities, and industry groups. He has received awards for both teaching and research and is active in executive education, delivering numerous programs here and abroad, most recently to executives from Wuhan and Beijing in the PRC. Professor Miller holds a B.S. in Electrical Engineering from Tulane University, a MBA from Loyola University, and a Ph.D. in Finance from the University of California, Irvine and previously held appointments at Indiana University and Texas A&M University.



Representative Publications

Escape from New York: The Market Impact Loosening Disclosure Requirements, 2008, (with Nuno Fernandes and Ugur Lel), forthcoming the Journal of Financial Economics

Private Benefits of Control, Ownership, and the cross-listing decision, 2008, (with Craig Doidge, Andrew Karolyi, Karl Lins, and Rene Stulz), forthcoming, the Journal of Finance

Does Corporate International Diversification Destroy Value? Evidence from Cross-Border Mergers and Acquisitions, 2008, (with Marcelo Dos Santos and Vihang Errunza), forthcoming, the Journal of Banking and Finance

International Cross-listing, Firm Performance, and Top Management Turnover: A Test of the Bonding Hypothesis, 2008, Journal of Finance, Vol. 63 No.4 (with Ugur Lel),

Security Fungibility and the Cost of Capital: Evidence from Global Bonds, 2005, Journal of Financial and Quantitative Analysis, Vol. 40 No. 4 (with John Puthenpurackal)

Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market, 2004, Journal of Accounting Research Vol. 42 No. 4, 755- 793, (with Sattar Mansi and William F. Maxwell)

Concentrated Control, Analyst Following and Valuation: Do Analysts Matter Most When Investors are Protected Least?, 2004, Journal of Accounting Research Vol. 42 No. 3, 589-623, (with Mark Lang and Karl V. Lins)

Valuation Effects of Global Equity Offerings: Evidence from Depositary Receipts, 2003, Journal of Banking and Finance, Vol. 27, No.9, 1611-1623, (with Vihang Errunza)

ADRs, Analysts, and Accuracy: Does Cross Listing in the U.S. Improve Firm's Information Environment and Increase Market Value?, 2003, Journal of Accounting Research, Vol. 41 No. 2, 317-345 (with Mark Lang and Karl V. Lins)

The Costs, Determinants, and Wealth Effects of International Capital Raising: Evidence from Public Yankee Bonds, 2002, Journal of Financial Intermediation, Vol. 11, No. 4, 455-485, (with John Puthenpurackal)

Market Segmentation and the Cost of Capital in International Equity Markets, 2000, Journal of Financial and Quantitative Analysis, Vol. 35, No. 4, 577-600, (with Vihang Errunza)

The Market Reaction to International Cross Listings: Evidence from Depositary Receipts, 1999, Journal of Financial Economics, Volume 51, No. 1, 103-123.