- Visiting Faculty, Finance
- Teaching: Corporate finance and International finance
- Research: Payout policy, Corporate governance, Mergers and Acquisitions, International finance, Mutual fund industry, and Bond markets
- Ph.D. in Finance August 2003
- Texas Tech University
- M.S. in Finance May 1998
- Texas Tech University
- B.S. in RHIM June 1995
- Georgia Southern University
- University of North Texas
Associate professor of Finance (tenured) August 2018 – present
- Classes taught: Investments (both undergraduate and MBA) and Research Methods seminar (doctoral level)
- University of Colorado Denver
Associate professor of Finance (tenured) June 2015 – May 2018
- Assistant professor of Finance September 2010 – May 2015
- Classes taught: Financial management (MBA), Management of Business capital (undergraduate), Business Valuation (MBA), Financial Strategy and Valuation (Executive MBA)
- St. John’s University
Assistant professor of Finance September, 2004 – May 2010
- Classes taught: Financial management (both undergraduate and MBA), international finance (both undergraduate and MBA), money & capital markets (both undergraduate & MBA), and portfolio management (undergraduate)
- Texas Tech University Visiting Assistant Professor of Finance August, 2003 – May 2004
- Texas Tech University
Research/Teaching Assistant – Various faculty members
- Classes taught: Corporation Finance and Investments
- Fabozzi, F., A. Lamba, T. Nishikawa, and R. Rao, 2019. “Does the corporate bond market overvalue bonds of sin companies?” Finance Research Letters 28, 165-170.
- Adams, J., T. Nishikawa, and R. Rao, 2018. “Mutual Fund Performance, Management Teams, and Boards”, Journal of Banking and Finance 92, 358-368.
- Milidonis, A., T. Nishikawa, and J. Shim, 2017. “CEO inside debt and risk taking: Evidence from property- liability insurance firms”, Journal of Risk and Insurance, Forthcoming.
- Adams, J., S. Mansi, and T. Nishikawa., 2014. “Affiliated agents, boards of directors, and mutual fund securities lending returns,” Journal of Financial Research 37, 461-494.
- Adams, J., S. Mansi, and T. Nishikawa., 2013. “Public vs. Private Ownership, Board Structure, and Fund Manager Turnover,” Financial Management 42, 127-154.
- Nejadmalayeri, A., T. Nishikawa, and R. Rao., 2013. “Sarbanes-Oxley Act and corporate credit spread,” Journal of Banking and Finance 37, 2991-3006.
- Hayunga, D., R. Holowczak , P. Lung, and T. Nishikawa., 2012. “Derivative Traders Reaction to Mispricing in the Underlying Equity,” Journal of Banking and Finance 36, 2438-2454.
- Adams, J., S. Mansi, and T. Nishikawa., 2012. “Are mutual fund fees excessive? Evidence from Index Funds,” Journal of Banking and Finance 36, 2245-2259.
- Nishikawa, T., A. Prevost, and R. Rao., 2011. “Bond market reaction to open market repurchases: Is there a wealth transfer effect?,” Journal of Financial Research 34, 503-522.
- Kang, J., K. Kim, P. Kitsabunnarat-Chatuthamard, and T. Nishikawa., 2011. “The effects of bank relations on stock repurchases: Evidence from Japan,” Journal of Financial Intermediation 20, 94-116.
- Lung, P., P. Kitsabunnarat-Chatjuthamard, T. Nishikawa and R.P. Rao., 2010. “Leverage reducing exchange offers and bondholder-stockholder wealth transfer: A re-evaluation,” International Review of Economics and Finance 19, 81-94.
- Adams, J.C., S. Mansi and T. Nishikawa., 2010. “Internal governance mechanisms and operational performance: Evidence from index mutual funds,” Review of Financial Studies 23, 1261-1286.
- Martin, A., T. Nishikawa, and M. Williams., 2009. “CEO gender effects on valuation and risk,” Quarterly Journal of Accounting and Finance 48, 23-40.
- Bauer, K., L. Miles and T. Nishikawa., 2009. “The effect of mergers on credit union performance,” Journal of Banking and Finance 33, 2267-2274.
- Akhigbe, A., A. Martin and T. Nishikawa., 2009. “Changes in risk of foreign firms listed in the U.S. following Sarbanes-Oxley,” Journal of Multinational Financial Management 19, 193-205.
- Ferris, S. P., K. Kim, P. Kitsabunnarat, and T Nishikawa., 2007. “Managerial power in the design of executive compensation: Evidence from Japan,” Advances in Financial Economics 12, 3-26.
- Lung, P. P. and T. Nishikawa., 2005. “The implied exchange rates derived from option premium: A test of the currency option boundary approach on JPY,” Review of Futures Markets 14, 167-198.
- “Another dividend puzzle: Why do dividend paying firms pay dividends quarterly?” with K. Kim and I. Suk
- “The impact of organized labor on CEO inside debt: Strategic substitution or incentive alignment?” with T.King and A. Prevost
- “Auditor Sharing in the Mutual Fund Industry: Empirical Evidence on Determinants and Audit Fees” withJ. Adams and S. Rasmusse
- “The impact of CEO compensation on acquisition decision and performance” with S. Chan
- “Does competition matter in bank capital and risk-adjustment?” with J. Shim
- “Auditor Sharing in the Mutual Fund Industry: Empirical Evidence on Determinants and Audit Fees” Presented at AAA in Chicago, November 2015 (by co-author)
- “Mutual Fund Performance, Management Teams, and Boards” Presented at SI JBF Institutional and Individual Investors: Saving for old age in Bath, U.K. in June 2015
- “The role of labor union strength on the determinants and effects of CEO deferred compensation” Presented at FMA in Nashville, October 2014
- “Mutual Fund Performance, Management Teams, and Boards” Presented at SFA in Puerto Rico, November 2013
- “Are mutual fund fees excessive? Evidence from index funds” Presented at FMA in New York City, October 2010
- “Organizational structure and managerial turnover” Presented at SWFA in Oklahoma City, Oklahoma, February 2009 McGraw Hill Distinguished paper award at SWFA meeting 2009
- “Bank performance, corporate governance, and risk management: The case of the subprime crisis of 2007” Presented at SWFA in Oklahoma City, Oklahoma, February 2009
- “Boards of directors and operational performance” Presented at FMA in Orlando, Florida, October 2007
- “Managerial power in the design of executive compensation: Evidence from Japan” Presented at Eastern Finance Association meeting in New Orleans, Louisiana, April 2007
- “The impact of Debt-reducing intra-firm exchange offer announcements to different stakeholders” Presented at Asian Finance Association/FMA meeting in Auckland, New Zealand, July 2006
- “Stockholder and bondholder reactions to open market repurchase announcements” Presented at FMA in Chicago, IL October 2005
- “The implied exchange rates derived from option premium: A test of the currency option boundary approach on JPY” presented at 15th Annual Asia Pacific Futures Research Symposium in Singapore, February 2005
- “The impact of Debt-reducing intra-firm exchange offer announcements to different stakeholders” Presented at Southwestern Finance Association meeting in Dallas Texas, March 2005
- “Stockholder and bondholder reactions to open market repurchase announcements” Presented at SWFA in Orlando, FL, March 2004
- “CEO Gender: The impact on compensation, performance, and board composition” Presented at SWFA in Houston, March 2003
- College of Business Outstanding Graduate Student Teaching Award, Texas Tech University, 1999-2000
- Outstanding Research Contribution Award, St. John’s University, 2008-09
- Journal of Banking and Finance
- Journal of Applied Finance
- International Review of Economics and Finance
- Journal of Economics and Business
- Asia Pacific Management Review
- Journal of Financial Services Research
- The Financial Review
- Managerial Finance
- The British Accounting Review
- Review of Industrial Organization