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Harley E. “Chip” Ryan, Jr.

Associate Professor    

Ph.D., Georgia State University
MBA, Georgia State University
B.S., Electrical Engineering, Georgia Institute of Technology

  • Corporate finance
  • Corporate governance
  • Contracting and compensation
  • Mergers and acquisitions
  • Investment banking
  • Ownership structure and family firms

Harley E. Ryan, Jr. (Chip) is the SunTrust Professor of Capital Markets and associate professor of finance at the J. Mack Robinson College of Business at Georgia State University in Atlanta, Georgia. Professor Ryan has been at Georgia State since 2005 and was the associate dean for curriculum and teaching from 2014-2016, the assistant dean for flex and professional MBA programs from 2013-2014, and the coordinator of the finance Ph.D. program from 2005-2012.

Professor Ryan has a Ph.D. in finance and an MBA from Georgia State University, and a bachelor of electrical engineering from the Georgia Institute of Technology in Atlanta, Georgia. Before joining Georgia State University, he was the Louisiana Department of Insurance professor and associate professor of finance at Louisiana State University in Baton Rouge, LA (1998-2005), assistant professor of finance at Northeastern University in Boston, Massachusetts (1994-1998) and an instructor at Georgia State University in Atlanta, Georgia (1992-1994). He also has been employed as a research assistant at Georgia State University (1989-1992) and as a sales engineer for the Westinghouse Electric Corporation (1983-1989).

Professor Ryan’s research interests span a wide array of topics in finance and capital markets including compensation and incentive systems, corporate governance, mergers and acquisitions, the role of financial intermediaries in corporate decision-making, capital investment decisions, and insurance. He has published papers in journals such as Journal of Financial Economics, Journal of Business, Journal of Financial and Quantitative Analysis, Review of Finance, Financial Management, Journal of Corporate Finance, Journal of Risk and Insurance, Journal of Financial Research, Journal of Business Finance and Accounting, and Quarterly Review of Economics and Finance.

Professor Ryan has made numerous presentations at national and regional conferences such as the American Finance Association Meetings, the Western Finance Association Meetings, the European Finance Association Meetings, the Financial Management Association Meetings, and the Conference on Financial Economics and Accounting. He has also presented his research to the Office of Economic Analysis at the Securities and Exchange Commission and at the National Bureau of Economic Research. Professor Ryan has served as an expert witness in valuation and security arbitration cases, and is a senior advisor to Financiere Monceau, Paris, France. He has also provided executive education to numerous professional groups including the Graduate School of Banking at LSU, the Turnaround Management Society Certification Review Course, the LSU Executive Program, and the Georgia State University Munich Re Program.

  • “Does the Location of Directors Matter? Information Acquisition and Board Decisions” (with Z. Alam, M. Chen, and C. Ciccotello), Journal of Financial and Quantitative Analysis, 2014, Vol. 49, No. 1, 131-164.
  • “Do Pension-related Business Ties Influence Mutual Fund Proxy Voting? Evidence from Shareholder Proposals on Executive Compensation.” (with R. Ashraf and N. Jayaraman), Journal of Financial and Quantitative Analysis, 2012, Vol. 47, No. 3, 567-588.
  • “Managerial Incentives and Corporate Fraud: The Sources of the Incentives Matter” (with S. Johnson and Y. S. Tian), Review of Finance, 2009, Vol. 13, No. 1, 115-145.
  • “Who is in Whose Pocket? Director Compensation, Board Independence, and Barriers to Effective Monitoring” (with R. Wiggins), Journal of Financial Economics, 2004, Vol. 73, No. 3, 497-525.
  • “Financial Advisors and Shareholder Wealth Gains in Corporate Takeovers” (with J. Kale and O. Kini), Journal of Financial and Quantitative Analysis, 2003, Vol. 38, No. 3, 475-501 (lead article).