James W. Kolari

JP Morgan Chase Professor of Finance
Academic Director of the Commercial Banking Program


Professor Kolari has taught financial markets and institutions since earning his Finance Ph.D. from Arizona State University in 1980.  He currently is the JP Morgan Chase Professor of Finance and Academic Director, Commercial Banking Program in the Department of Finance, Mays Business School.  Previously a Visiting Scholar at the Federal Reserve Bank of Chicago in 1982, Fulbright Scholar at the University of Helsinki and Bank of Finland in 1986, and Senior Research Fellow at the Swedish School of Business and Economics (Hanken), Vaasa, Finland from 2002 to 2017, he has been a consultant to the U.S. Small Business Administration, American Bankers Association, Independent Bankers Association of America, U.S. Information Agency, and numerous banks and other organizations. Professor Kolari has published over 100 refereed articles, 21 co-authored books, and numerous monographs. His papers have appeared in such domestic and international journals as the Journal of Finance, Review of Financial Studies, Journal of Business, Review of Business and Statistics, Critical Finance Review, Journal of Banking and Finance, Journal of Empirical Finance, Journal of Economics Dynamics and Control, Journal of Financial Research, Journal of International Money and Finance, Journal of Risk and Insurance, and the Scandanavian Journal of Economics.

Research Interests

Banking, securities markets, asset pricing, empirical models in finance


Title Year Type

A Robust Test of Long-Run Abnormal Stock Returns in Event Studies

Journal of Empirical Finance

2018 Article

Did Capital Infusions Enhance Bank Recovery from the Great Recession?

Journal of Banking and Finance

2013 Article

Event Study Testing with Cross-Sectional Correlation of Abnormal Returns

Review of Financial Studies

2011 Article

Gross and Net Tax Shield Valuation

Managerial Finance

2018 Article

Testing the Information-based Trading Hypothesis in the Option Market: Evidence from Share Repurchases

Journal of Risk and Financial Management

2019 Article

Measuring the relative return contribution of risk factors

Journal of Asset Management

2019 Article

Enjoying the Quiet Life Under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks

Review of Economics and Statistics

2012 Article

Return Dispersion Risk in FX and Global Equity Markets: Does It Explain Currency Momentum?

International Review of Financial Analysis

2018 Article

Measuring Systemic Risk in the U.S. Banking System

Economic Modelling

2020 Article

On the stability of stablecoins

Journal of Empirical Finance

2021 Article