Publications:

Henk Berkman, Rebel A. Cole and Lawrence J. Fu. 2010. Political connections and minorityshareholder protection: Evidence from securities-market regulation in China. Paper presented at the 2009 Annual Meeting of the American Finance Association, held in San Francisco, CA, January 2-5, 2009. Journal of Financial and Quantitative Analysis, forthcoming.(Link to pdf file)

Susanne Cannon and Rebel A. Cole. 2010. Changes in REIT liquidity 1998-2007: Evidence from daily data. Journal of Real Estate Finance and Economics, forthcoming. (Link to pdf file at SSRN)

Henk Berkman, Rebel A. Cole and Lawrence J. Fu. 2009. Expropriation through loan guarantees to related parties: Evidence from China. Paper presented at the 30th Anniversary Conference of the Journal of Banking and Finance, held in Beijing, PRC, June 6-8, 2006, Journal of Banking and Finance 33, 141-156. (Link to pdf file)

Rebel A. Cole, Fari Moshirian and Linda Wu. 2008. Bank Stock Returns and Economic Growth. Journal of Banking and Finance 32, 995-1007. (Link to pdf file)

Rebel A. Cole. 2007. Henderson Global Investors 1999: Institutional investments in real estate. Journal of Real Estate Practice and Education 10(1), 107-122. (Link to pdf file)

Rebel A. Cole, Lawrence G. Goldberg and Lawrence J. White. 2004. Cookie-cutter versus character: The micro structure of small-business lending by large and small banks. Journal of Financial and Quantitative Analysis 39, 227-251, 2004. (Link to pdf file)

James S. Ang, Rebel A. Cole and James Wuh Lin. 2000. Agency costs and ownership structure. The Journal of Finance 55, 81-106. (Link to pdf file)

Rebel A. Cole and Hamid Mehran. 1998. The effect of changes in ownership structure on performance: Evidence from the thrift industry. Journal of Financial Economics 50, 291-317. (Link to pdf file)

Rebel A. Cole. 1998. The importance of relationships to the availability of credit. Journal of Banking and Finance 22, 959-997. (Link to pdf file)

Rebel A. Cole and Jeffery W. Gunther. 1998. Predicting bank failures: A comparison of on- and off-site monitoring systems. Journal of Financial Services Research 13, 103-117. (Link to pdf file)

Vijay Bhasin, Rebel A. Cole and Joseph K. Kiely. 1997. Changes in REIT liquidity 1990-94: Evidence from intra-day transactions. Real Estate Economics 25, 615-630. (Link to pdf file)

Rebel A. Cole, John D. Wolken and R. Louise Woodburn. 1996. Bank and nonbank competition for small business credit: Evidence from the 1987 and 1993 National Surveys of Small Business Finances. Federal Reserve Bulletin 82, 983-995. (Link to pdf file)

Rebel A. Cole, Robert A. Eisenbeis and Paul M. Horvitz. 1996. Commercial banks and real estate lending: The Texas experience. Journal of Regulatory Economics 10, 275-290. (Link to pdf file)

Rebel A. Cole and Robert A. Eisenbeis. 1996. The role of principal-agent problems in the 1980s thrift crisis. Real Estate Economics 24, 195-218. (Link to pdf file)

Rebel A.Cole and Jeffery W. Gunther.1995. Separating the likelihood and timing of bank failure. Journal of Banking and Finance 19, 1073-1089. (Link to pdf file)

Rebel A. Cole and John D. Wolken. 1995. Sources and uses of financial services by small businesses: Evidence from the 1993 National Survey of Small Business Finances. Federal Reserve Bulletin 81, 629-667. (Link to pdf file)

Rebel A. Cole, Barbara G. Cornyn and Jeffery W. Gunther. 1995. FIMS: A new monitoring system for banking organizations. Federal Reserve Bulletin 81, 1-15. (Link to pdf image file)

Rebel A. Cole and George W. Fenn. 1994. Announcements of asset-quality problems and contagion effects in the life insurance industry. Journal of Financial Economics 35, 181-198. (Link to pdf file)

Rebel A. Cole, Robert A. Eisenbeis and Joseph A. McKenzie. 1994. Asymmetric information and principal-agent problems as sources of value in FSLIC-assisted acquisitions of thrift institutions. Journal of Financial Services Research 8, 5-28. (Link to pdf file)

Rebel A. Cole. 1993. When are thrifts closed? An agency-theoretic model. Journal of Financial Services Research 7, 283-308. (Link to pdf file)

Richard A Brown, Rebel A. Cole and Joseph A. McKenzie. 1992. Moral hazard, portfolio allocation, and asset returns for thrift institutions. Journal of Financial Services Research 5, 315-339.

Joseph Blalock, Rebel Cole and Tim Curry. 1991. Recoveries on distressed real estate and the relative efficiency of public versus private management. Real Estate Economics 19, 495-515. (Link to pdf file)

Rebel Cole, David Guilkey and Mike Miles. 1990. A different look at commercial real estate returns. Real Estate Economics 18, 403-430. (Link to pdf file)

Rebel Cole, David Guilkey and Mike Miles. 1989. The motivations for institutional real estate sales and implications for generalizing from specific property sales to asset class returns. Real Estate Economics 17, 70-86. (Link to pdf file)

Rebel Cole, David Guilkey, Mike Miles and Brian Webb. 1989. More scientific diversification categories in commercial real estate. Real Estate Review.

Rebel Cole, David Guilkey and Mike Miles. 1987. Pension fund investment managers' unit values deserve investors confidence. Real Estate Review. (Link to pdf file)

Rebel Cole, David Guilkey and Mike Miles. 1986. Toward an assessment of the reliability of commercial appraisals. The Appraisal Journal, 422-432. (Link to pdf file)

Working Papers (Conference Presentations):

Henk Berkman, Rebel A. Cole and Lawrence J. Fu. 2009. Improving corporate governance where the State is the controlling block holder. Paper presented at the 15th Annual Australasian Finance and Banking Conference held in Sydney, Australia, December 15-18, 2004. To be presented at the Journal of Corporate Finance's Conference on Corporate Finance and Governance in Emerging Markets to be held in Beijing, PRC, August 24-26, 2009. Revision under review at the Journal of Corporate Finance. (Link to pdf file at SSRN)

Rebel A. Cole and Susanne Cannon. 2009. Changes in REIT Liquidity 1998-2007: Evidence from Daily Data. Paper presented at the DePaul Conference on REITs held in Chicago, IL, USA, October 24-25, 2008.Also presented at the Annual Meetings of the American Real Estate Society held in Monterey, CA, USA, April 2-4, 2009. Revision under review at the Journal of Real Estate Finance and Economics. (Link to pdf file at SSRN)

Rebel A. Cole and Linda Wu. 2009. Improving bank failure prediction using a simple dynamic hazard model. Paper.presented at the Federal Deposit Insurance Corporation Research Seminar in Washington, DC, USA, May 19, 2009.

Lucy Chernykh and Rebel A. Cole. 2009. Does deposit insurance improve financial intermediation? Evidence from the Russian experiment. Paper to be presented at the 2009 Annual Meetings of the Financial Management Association to be held in Reno, NV USA, Oct 21-24, 2009. Also presented at the Federal Deposit Insurance Corporation Research Seminar in Washington, DC, USA, May 18, 2009. (Link to pdf file at SSRN)

Rebel A. and Hamid Mehran. 2009. Gender and Small Firms. Paper presented at the Kauffman Foundation–Federal Reserve Conference on Entrepreneurial Finance held in Cleveland, OH, USA, March 12-13, 2009. (Link to pdf file at SSRN)

Rebel A. Cole and Rima Turk-Ariss. 2008. Legal origin, creditor protection and bank lending: Evidence from emerging markets. Paper presented the 2008 Annual Meeting of the Financial Management Association held in Grapevine, TX, USA, Oct. 9-11, 2008. Also presented at the Conference on Financial Stability, co-sponsored by the Bank of Finland and the Journal of Financial Stability, June 7-8, 2007.(Link to pdf file at SSRN)

Rebel A. Cole and Hamid Mehran. 2008. What can we learn from privately held firms about executive compensation? Paper presented at the CES IFO Workshop on Executive Pay held in Venice, Italy July 16-17, 2008. Also presented at the Conference on Corporate Governance at Family/Unlisted Firms, Thun, Switzerland, June 15-17, 2006. (Link to pdf file at SSRN)

Rebel A. Cole. 2008. Who needs credit and who gets credit? Paper to be presented at the 2009 Annual Meetings of the Academy of Entrepreneurial Finance to be held in Chicago, IL, USA, September 2009. Also presented at the World Bank Conference "Small Business Finance: What Works, What Doesn't?" held in Washington, DC, USA, May 5-6, 2008. (Link to pdf file at SSRN)

Rebel A. Cole. 2008. What do we know about the capital structure of privately held firms? Evidence from the Surveys of Small Business Finances.Paper presented at the 2008 Annual Meetings of the Academy of Entrepreneurial Finance held in Las Vegas, NV, USA, September 25-26, 2008. Also presented at the Melbourne Centre for Financial Studies in Melbourne, VIC Australia. December 7, 2007. (Link to pdf file at SSRN)

Rebel A. Cole and Joseph Vu. 2006. Do mergers create or destroy value: Evidence from unsuccessful mergers. Paper presented at the Annual Meetings of the Financial Management Association, Salt Lakc City, UT, USA, October 12-14, 2006. (Link to pdf file at SSRN)

Susanne Cannon, Rebel A. Cole and Jonathan Dombrow. 2006. Is there a market for partial corporate control? Evidence from REITs. Paper presented at the 2006 Annual Meeting of the Real Estate Research Institute, Chicago, IL, USA, April 27-28, 2006. (Link to pdf file at SSRN)

Henk Berkman, Rebel A. Cole and Lawrence J. Fu. 2005. Agency Costs, Expropriation and Firm value: Evidence from Securities-Market Regulation in China. Paper presented at the International Conference on Corporate Governance in Asia and China, Shanghai, PRC March 11-13, 2005. (Link to pdf file at SSRN)

Henk Berkman, Rebel A. Cole and Lawrence J. Fu. 2002. From State to State: Improving corporate governance where the government is the controlling block holder. Paper presented at the 2nd Annual Conference on Asian Corporate Governance, Seoul, Korea, May, 2002. (Link to pdf file at SSRN)

Rebel A. Cole and Nick Walraven. 1998. Banking consolidation and the availability of credit to small businesses: Evidence from the 1993 National Survey of Small Businesses. Presented at the Conference on Consolidation in the Financial Services Industry, sponsored by the Federal Reserve Bank of New York. New York City, NY USA. March 27, 1998. (Link to pdf file at SSRN)

Rebel A. Cole. 1998. Availability of credit to small and minority-owned businesses: Evidence from the 1993 National Survey of Small Business Finances. (Link to pdf file at SSRN)

Rebel A. Cole. 1998. A note on REIT liquidity: The role of “New REITs.” Paper presented at the Annual Meeting of the American Real Estate and Urban Economics Association held in Chicago, IL USA. January 1998. (Link to pdf file at SSRN)

Rebel A. Cole and George W. Fenn. 1995. The Role of Commercial Real Estate Investments in the Banking Crisis of 1985-92. Paper presented at the 1995 Annual Meetings of the American Real Estate and Urban Economics Association held in Washington, DC, January 1995. (Link to pdf file at SSRN)

Rebel A. Cole, Joseph A. McKenzie and Lawrence J. White. 1995. Deregulation gone awry: Moral hazard in the savings and loan industry. Paper presented at the 1990 Annual Meetings of the Financial Management Association.. (Link to pdf file at SSRN)

Rebel A. Cole, and Hamid Mehran. 1991. Executive compensation and corporate performance: Evidence from thrift institutions. Presented at the 27th Annual Conference on Bank Structure and Competition held in Chicago, IL, USA, May 1991. (Link to pdf file at SSRN)

Uncirculated Working Papers / Work-in-Progress:

Rebel A. Cole, Ken Ferris and Arie Melnik. The cost of advice.

Rebel A. Cole, Andreas Dietrich, Gabrielle Wanzenried. Determinants of the commercial bank interest-rate spreads: Why are the interest rate spreads across countries so different?

James Ang, Rebel A. Cole, and Daniel Lawson. The role of owner in capital-structure decisions.

James Ang, Rebel A. Cole, and Daniel Lawson. Negative equity firms and leverage.

James Ang, Rebel A. Cole and James Wu Lin. Cash holdings, free-cash flow and financial slack at privately held firms.

Rebel A. Cole, Charles Corrado, Larry Li, Tony Naughton and Madhu Veeraraghaven. The end of non-tradable shares in China.

Rebel A. Cole, Andy Lee and Mahdu Veeraraghaven. The effect of board composition and ownership structure on firm performance: Evidence from India.