Harley E. "Chip" Ryan, Jr.Truist Professor of Capital Markets Department of Finance
- Ph.D. (Finance Concentration), Georgia State University, 1994
- MBA (Finance Concentration), Georgia State University, 1989
- BS, Electrical Engineering, Georgia Institute of Technology, 1983
- corporate finance
- corporate governance
- contracting and compensation
- mergers and acquisitions
- investment banking
- ownership structure and family firms
Harley E. Ryan, Jr. (Chip) is the Truist Professor of Capital Markets, and Professor of Finance at the J. Mack Robinson College of Business at Georgia State University in Atlanta, Georgia. Previously, he served the Robinson College of Business as the Associate Dean for Curriculum and Teaching, Assistant Dean for Flex and Professional MBA and the director of the Finance Ph.D. program. Professor Ryan joined the faculty at the Robinson College in 2005. 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). Professor Ryan has been a visiting scholar at Bond University, Gold Coast Australia (2012), at the Hanken School of Economics, Helsinki Finland (2013, 2016, 2018), and the Indian School of Business, Mohali, India (2014, 2015, 2018), and Università Cattolica, Milan, Italy (2018).
Professor Ryan also taught in the Latin American PhD Program at Tulane University (2014-2015). He worked 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 incentive compensation and contracting, corporate governance, mergers and acquisitions, the role of financial intermediaries in corporate decision-making, capital investment decisions, and insurance. He has published articles in journals such as the Journal of Financial Economics, the Journal of Business, the Journal of Financial and Quantitative Analysis, the Review of Finance, Management Science, Financial Management, the Journal of Corporate Finance, the Journal of Risk and Insurance, the Journal of Financial Research, the Journal of Business Finance and Accounting, and the Quarterly Review of Economics and Finance. Professor Ryan has made numerous presentations at national and international conferences such as the American Finance Association Meetings, the Western Finance Association Meetings, the European Finance Association Meetings, the Financial Management Association Meetings, the Conference on Financial Economics and Accounting, the Finance Down Under Conference, Melbourne Australia, and the Indian School of Business Summer Research Conference in Corporate Finance, Hyderabad, India. 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 and consultant on the topics of valuation, securities trading, and financing investments, as well as 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, the Georgia State University Munich Re Program, the Association for Corporate Growth, and Leading the Office of the CFO (McCracken Alliance).
- Li, Z., Ryan, H., and Wang, L., 2021. Pay for Outsiders: Incentive Compensation for Nonfamily Executives in Family Firms. Contemporary Accounting Research 38, 1139-1176.
- Jayaraman, N., Nanda, V., and Ryan, H., 2021. The influence of learning and bargaining on CEO-chair duality: Evidence from Firms that Pass the Baton. Financial Management 51.
- Kale, J., Ryan, H., and Wang, L., 2019. Outside employment opportunities, employee productivity, and debt disciplining. Journal of Corporate Finance 59, 142-161.
- Alam, Z., Chen, M., Ciccotello, C., and Ryan, H. 2018. Board structure mandates and the location of directors. Management Science 64, 4735-4754.
- “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).