Joseph Farhat

Professor

Finance

Contact Information

R.C. Vance Academic Center 434

Phone: 860-832-3187

Email: josephfarhat@ccsu.edu

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In Progress Research Activities

  1. "Thinking About Starting a Franchise Business? Think Again" with Carmen Cotei
  2. "Does Innovation Explain the M&A Exit Outcome of New High-tech Ventures?" with Carmen Cotei
  3. "Working Paper # 3 " with Timothy Bates and Colleen Casey
  4. "Working Paper # 4 " with Dawn DeTienne , M. Travis Maynard and Troy Mumford 
  5. "Working Paper # 5 " with Indu Khurana

Peer-Reviewed Journal Publications

  1. Farhat, J., Mijid N., "Do Women Lag Behind Men? A Matched-Sample Analysis of the Dynamics of Gender Gaps"   Journal of Economics and Finance ,Volume 42, Issue 4, October 2018.
  2. Cotei, C., Farhat, J. “The Mergers and Acquisitions Exit Outcomes of New, Young Businesses” Small Business Economics, Volume 50, Issue 3, March 2018.
  3. Farhat, J., Robb, A. “Analyzing Complex Survey Data: The Kauffman Firm Survey”. Small Business Economics, Volume 50, Issue 3, March 2018.
  4. Farhat, J., Matusik, S., Robb, A., Robinson, D. T. “New Directions in Entrepreneurship Research. “ Small Business Economics, Volume 50, Issue 3, March 2018.
  5. Cotei C., Farhat J., "The Leasing Decisions of Startup Firms”. Review of Pacific Basin Financial Markets and Policies , Volume 20, Issue 04, December 2017.
  6. Casey, C., Farhat  J., Cartwright G., Community Reinvestment Act and Local Governance Contexts: Advancing the Future of Community Reinvestment?  Cityscape: A Journal of Policy Development and Research, 2017
  7. Cotei C., Farhat J., “The Evolution of Financing Structure in U.S. Startups," The Journal of Entrepreneurial Finance, 2017.
  8. Coleman S., Cotei C., Farhat J., “The Debt-Equity Financing Decisions of U.S. Startup Firms”, Journal of Economics and Finance, 2016.
  9. Coleman S., Cotei C., Farhat J.,  " Resource-Based View of New Firm Survival: New Perspectives on the Role of Industry and Exit Route", Journal of Developmental Entrepreneurship, 2013.
  10. Cotei C., Farhat J., “Informational Externalities of Initial Public Offerings: Does Venture Capital Backing Matter?”, Journal of Economics and Finance, 2013.
  11. Cotei C., Farhat J., “Does the Legal System Affect the Information Content of Earnings Surprises? Evidence from the International Equity Markets”, Financial Decisions, 2013.
  12. Cotei C., Farhat J., Miranda M., “The Information Asymmetry and Earnings Surprises: Evidence from the US Insurance Industry”, Journal of Insurance Issues, 2012.
  13. Cotei C., Farhat J., “An Application of the Two-Stage Bivariate Probit-Tobit Sample Selection Model to Corporate Financing Decisions”, Review of Quantitative Finance and Accounting, Volume 37, Issue 3, pp 363-380, October 2011
  14. Cotei C., Farhat J., Abugri B., “Testing Trade-off and Pecking Order Theories: Does the Legal System Matter?”,  Managerial Finance, Vol. 37 Iss: 8, pp.715 - 735, August 2011
    Cotei C., Farhat J., Abugri B., “Market Efficiency in Emerging Markets: Does the Legal System Matter?”, Global Journal of Finance and Economics , Volume 6, Number 2, September 2009: 145-160.
  15. Cotei C., Farhat J., “The Trade-Off Theory and the Pecking Order Theory: Are They Mutually Exclusive?”, North American Journal of Finance and Banking Research, 3 (3) pp 1-16, August 2009.
  16. Cotei C., Farhat J., “Testing capital structure theories: Are the models assumptions correctly specified?”, European Journal of Economics, Finance and Administrative Sciences (11) pp. 22-30, September 2008.
  17. D'Mello R., Farhat J., “A Comparative Analysis of Proxies for an Optimal Leverage Ratio”, Review of Financial Economics, 17 (3) pp. 213-227, August 2008.
  18. Daal E., Farhat J., Wei P., “Does futures exhibit maturity effect? New evidence from an extensive set of US and foreign futures contracts”, Review of Financial Economics, 15 (2) pp. 113-128., June 2006.
  19. Mukherjee T., Cotei C., Farhat J., “Factors Explaining the Results of Job Search By the 2002 FMA Job Applicants- A Survey”, Journal of Financial Education, 32 pp. 1-22, Spring 2006.
  20. Farhat J., Hassan M., Zu'bi B., “Dividend Signaling Hypothesis and Short-term Asset Concentration in Interest-Free Banking”, Islamic Economic Studies, 11 (1) pp. 1-25, September 2003.
Book / Book Chapter
  1. Farhat, J., Robb, A. Chapter: Event history analysis using the Kauffman Firm Survey. Research Handbook Of Entrepreneurial Exit. Edward Elgar Publishing, Inc. 2015
  2. Applied Survey Data Analysis using Stata: The Kauffman Firm Survey Data. The Ewing Marion Kauffman Foundation 2014.
  3. Capital Structure and Corporate Financing Decisions, John Wiley & Sons, Inc. 2011, Chapter 6: Worldwide Patterns in Capital Structure.
Peer-Reviewed Proceedings Publications
  1. D'Mello R., Farhat J., “A Comparative Analysis of Proxies for Target Capital Structure”, The 2006 Southwestern Finance Association Annual Meeting Proceedings, Oklahoma City, Oklahoma. 

 Web Publications – Non- Peer-Reviewed - Published 

  1. Cotei, Carmen and Farhat, Joseph B., The Leasing Decisions of Small, Privately Held Firms. (https://ssrn.com/abstract=2782794)
  2. Cotei, Carmen and Farhat, Joseph B., The Dynamics of Capital Structure in U.S. Start-Up Businesses. ( https://ssrn.com/abstract=2782776)
  3. Cotei, Carmen and Farhat, Joseph B., The Leasing Decisions of Small, Privately Held Firms (SSRN: https://ssrn.com/abstract=2782794)
  4. Cotei, Carmen and Farhat, Joseph B., Becoming M&A Targets: Evidence from Small, Privately Held Firms (SSRN: https://ssrn.com/abstract=2782772)
  5. Farhat, Joseph B. and Mijid, Naranchimeg, Do Women Lag Behind Men? A Matched-Sample Analysis of the Dynamics of Gender Gaps (SSRN: https://ssrn.com/abstract=2782773 )
  6. Farhat J., “Using Weights in the Analysis of the KFS Data”, Ewing Marion Kauffman Foundation Research Paper. ( SSRN: http://ssrn.com/abstract=2132027).
  7. Robb, Alicia and Farhat, Joseph, “An Overview of the Kauffman Firm Survey: Results from 2011 Business Activities”, Ewing Marion Kauffman Foundation Research Paper (SSRN: http://ssrn.com/abstract=2277641).
  8. Coleman S., Cotei C.,  Farhat  J., “ Factors Affecting Survival, Closure and M&A Exit for Small Businesses ” Financial Economics Network Research Paper Series( SSRN: http://ssrn.com/abstract=1768728 ).
  9. Cotei C., Farhat J., “Informational Externalities of Initial Public Offerings: Does Venture Capital Backing Matter?”, Financial Economics Network Research Paper Series (SSRN: http://ssrn.com/abstract=1404606).
  10. Cotei C., Farhat J., Abugri B., “Market Efficiency in Emerging Markets: Does the Legal System Matter?”, Financial Economics Network Research Paper Series (SSRN: http://ssrn.com/abstract=1404572).
  11. Cotei C., Farhat J., “The Trade-Off Theory and the Pecking Order Theory: Are They Mutually Exclusive?”, Financial Economics Network Research Paper Series (SSRN: http://ssrn.com/abstract=1404576).
  12. Cotei C., Farhat J., Abugri B., “Testing Trade-Off and Pecking Order Models Under Different Institutional Environments”, Financial Economics Network Research Paper Series (SSRN: http://ssrn.com/abstract=1404596).
  13. Cotei C., Farhat J., “An Application of the Two-Stage Bivariate Probit-Tobit Model to Corporate Financing Decisions”, Financial Economics Network Research Paper Series  ( SSRN: http://ssrn.com/abstract=1478882).
  14. Cotei C., Farhat J., Miranda M., “The Information Asymmetry and Earnings Surprises: Evidence from the US Insurance Industry”, Financial Economics Network Research Paper Series ( SSRN: http://ssrn.com/abstract=1618730).

Peer-Reviewed Presentations

  1. Farhat, J., 6th Winter Conference of the Multinational Finance Society, “Professional Development Workshop: The Kauffman Firm Survey Database " (January 2019).
  2. Cotei, C., Farhat, J., 6th Winter Conference of the Multinational Finance Society, “Analysis of Survival and M&A Exit Outcomes Among Franchise and Independent Startups " (January 2019).
  3. Farhat, J., Academy of Management Annual Meeting PDW, "Applied Survey Data Analysis: The Kauffman Firm Survey,"  (August 2018).
  4. Cotei, C., Farhat, J., 25th Annual Multinational Finance Society Conference, “The M&A Exit Outcome of New, High-tech Ventures" (June, 2018).
  5. Farhat, J., Academy of Management Annual Meeting PDW, "Applied Survey Data Analysis: The Kauffman Firm Survey,"  (August 2017).
  6. Cotei, C., Farhat, J., Eastern Finance Association Annual Meeting, “The Evolution of the Financing Structure of Entrepreneurial Firms." (April, 2017).
  7. Cotei, C., Farhat, J., Midwest Finance Annual Meeting, “The Dynamics of Capital Structure in Newly Formed Business." (March, 2017).
  8. Farhat, J., Robb, A., Academy of Management Annual Meeting, "Applied Survey Data Analysis: The Kauffman Firm Survey," Kauffman Foundation. (August 2016).
  9. Cotei, C., Farhat, J., Kauffman Firm Survey Conference II, "Becoming M&A Targets: Evidence from Small, Privately Held Firms," University of Colorado. (June 2016).
  10. Farhat, J., Mijid, N., Kauffman Firm Survey Conference II, "Do Women Lag Behind Men? A Matched-Sample Analysis of the Dynamics of Gender Gaps," University of Colorado. (June 2016).
  11. Cotei, C., Farhat, J., Eastern Finance Association Annual Meeting, "The M&A decisions of startup businesses: Evidence from the U.S. market." (April 10, 2016).
  12. Cotei, C., Farhat, J., Kauffman Firm Survey Conference I, "Becoming M&A Targets: Evidence from Small, Privately Held Firms," Duke University- Duke Innovation & Entrepreneurship Initiative. (December 2015).
  13. Farhat, J., Mijid, N., Kauffman Firm Survey Conference I, "Do Women Lag Behind Men? A Matched-Sample Analysis of the Dynamics of Gender Gaps," Duke University- Duke Innovation & Entrepreneurship Initiative. (December 2015).
  14. Cotei, C., Farhat, J., Eastern Finance Association Annual Meeting, "The Leasing Decisions of U.S. Start-up Firms." (April 10, 2015).
  15. Coleman S., Cotei C., Farhat J., “Determinants of Startup Financing Decisions”, The 2014 Midwest Finance Association Annual Meeting.
  16. Farhat, J., Cotei, C., The 2015 Midwest Finance Association Annual Meeting, "Factors Explaining the Leasing Decisions of Newly Established Firms," Midwest Finance Association. (March 2015).
  17. Coleman S., Cotei C., Farhat J. “The Debt-Equity Choice of U.S. Privately Held Firms”, The 2013 Eastern Finance Association Meeting.
  18. Coleman S., Cotei C., Farhat J., “A Resource-Based View of New Firm Survival: New Perspectives on the Role of      Industry and Exit Route”, The 2012 Academy of Entrepreneurial Finance Annual Meeting.
  19. Cotei C., Farhat J., Miranda M., “The Information Asymmetry and Earnings Surprises: Evidence from the US Insurance Industry”, The 2012 Midwest Finance Association Annual Meeting.
  20. Coleman S., Cotei C.,  Farhat  J., “Factors Affecting Survival, Closure and M&A Exit for Small Businesses”, The 2012 Midwest Finance Association Annual Meeting.
  21. Coleman S., Cotei C., Farhat J., “Determinants of New Firm Survival and Exit through M&A: Evidence from the 2004-2008 Kauffman Firm”, The 2011 Financial Management Association Meeting.
  22. Coleman S., Cotei C., Farhat J., “Small Firm Survival and Exit Through M&A: A Duration Analysis”, The 2011 Academy of Management Annual Meeting.
  23. Cotei C., Farhat J., “Theories of Capital Structure: Internal versus External Financing Choice”, The 2010 Eastern Finance Association Meeting.
  24. Cotei C., Farhat J., “Factors Affecting the Corporate Financing Decisions” , The 2010 Midwest Finance Association Annual Meeting.
  25. Cotei C., Farhat J., Abugri B., “Market Efficiency in the Emerging Markets: Does the Legal System Matter? ”, The 2009 Eastern Finance Association Annual Meeting.
  26. Cotei C., Farhat J., Abugri B., “The Pecking Order Hypothesis vs. the Static Trade-off Theory under Different Institutional Environments”, The 2008 Financial Management Association Meeting.
  27. Cotei C., Farhat J., Abugri B., “Market Efficiency in the Emerging Markets: Evidence form Thirty-five Countries ”, The 2007 Southern Finance Association Annual Meeting.
  28. D'Mello R., Farhat J., “A Comparative Analysis of Proxies for Target Capital Structure”, The 2007 Eastern Finance Association Annual Meeting.
  29. Cotei C., Farhat J., Abugri B., “The Pecking Order Hypothesis vs. the Static Trade-off Theory under Different Institutional Environments”, The 2007 Southwestern Finance Association Annual Meeting.
  30. Cotei C., Farhat J., Abugri B., “The Pecking Order Hypothesis vs. the Static Trade-off Theory under Different Institutional Environments”, The 2007 Eastern Finance Association Annual Meeting.
  31. Cotei C., Farhat J., Abugri B., “The Pecking Order Hypothesis vs. the Static Trade-off Theory under Different Institutional Environments”, The 2007 Financial Management Association Annual Meeting.
  32. Cotei C., Farhat J., Abugri B., “The Pecking Order Hypothesis vs. the Static Trade-off Theory under Different Institutional Environments “, The 2006 Financial Management Association Annual Meeting.
  33. D'Mello R., Farhat J., “A Comparative Analysis of Proxies for Target Capital Structure”, The 2006 Southwestern Finance Association Annual Meeting.
  34. Mukherjee T., Farhat J., Cotei C., “Factors Explaining the Results of Job Search By the 2002 FMA Job Applicants- A Survey”, The 2005 Allied Business Education Association Annual Conference.
  35. Mukherjee T., Cotei C., Farhat J., “Informational Externalities of Going Public Decisions”, The 2005 Eastern Finance Association Annual Meeting.
  36. Mukherjee T., Farhat J., Cotei C., “Factors Explaining the Results of Job Search By the 2002 FMA Job Applicants- A Survey”, The 2004 Financial Management Association Annual Meeting.
  37. Cotei C., Farhat J., Mukherjee T., “Informational Externalities of Going Public Decisions”, The 2004 Financial Management Association Annual Meeting.
  38. D'Mello R., Farhat J., “A Comparative Analysis of Proxies for Target Capital Structure “, The 2003 Financial Management Association Annual Meeting.
  39. Hassan M., Farhat J., Al-Zu'bi B., “Dividend Signaling Hypothesis and Short-term Asset Concentration in Interest-Free Banking”, The 2002 Economic Research Forum Annual Conference.
  40. Farhat J., “Essays on the Dynamics of Capital Structure”, The 2002 Financial Management Association Annual Meeting-FMA Doctoral Consortium.