HOME     ABOUT THE DEPARTMENT     ACADEMIC PROGRAMS     PROSPECTIVE STUDENTS     CURRENT STUDENTS     FACULTY & RESEARCH     NEWS & ANNOUNCEMENTS     EMPLOYMENT     CONTACT INFORMATION     FEEDBACK       Faculty Profile Dr. Vichet Sum Assistant Professor Post Doctorate, University of Florida Ph.D., Southern Illinois University 2117-A Kiah Hall Phone: 410-651-6531 E-mail: vsum@umes.edu Personal Website: vichetsum.com SSRN Author Page: http://ssrn.com/author=1674223 » Curriculum Vitae A native of Cambodia, Dr. Vichet Sum is currently an Assistant Professor in the Department of Business, Management and Accounting where he teaches management and finance courses; Dr. Sum is AACSB academically qualified. His areas of specialization include Financial Theories, Financial Economics and Econometrics, Financial Management, Managerial and Financial Accounting, Real Estate Finance, Strategic Human Resource Training & Development, Development Economics, Inferential Statistics, Industrial Management, and Analytical Assessments and Evaluations of the Competitiveness of the Nations. Dr. Sum is a member of the American Economic Association and American Finance Association. Dr. Sum completed his Post Doctorate in Finance and Accounting in the Hough Graduate School of Business, University of Florida, in July 2011, through which he obtained his AACSB academically qualified status. Dr. Sum holds a Ph.D. in Workforce Education and Development [this graduate program is ranked 6th in the United States by the US News and World Report as of 2/20/2012] and a minor in Finance and Economics from Southern Illinois University. He also has a Master of Training and Development in Human Resource Training and Development from Idaho State University and a Master of Management Science in Industrial Management from National Cheng Kung University, Taiwan. Dr. Sum's first alma mater is the Royal University of Phnom Penh, Cambodia, where he completed his Bachelor of Education in English and Teaching English as a Foreign Language. When he is not teaching, doing research, or attending various committee meetings, Dr. Sum enjoys watching and attending sport events, traveling to different places, and sampling different dishes. Courses Taught               » Investment & Security Analysis        » Derivatives        » Research Methods in Finance        » Accounting        » Management & Organizational Behavior        » Human Resource Management        » Small Business Management & Entrepreneurship        » Professional Development Research Interests               » Stock Market Efficiency        » Asset Pricing        » Behavioral Finance        » Corporate Finance        » Real Estate Finance        » Investments        » Financial Intermediaries        » Macroeconomics and Monetary Policy Economics        » Managerial & Financial Accounting        » Strategic Human Resource Management Publication [35] Sum, V. (2014). Random effects of business and consumer confidence on stock market returns: Cross-sectional evidence. Economics, Management, and Financial Markets, 9(1), Forthcoming. Link to Article. [34] Sum, V. (2013). Can firms with the best training program withstand the storm of economic policy uncertainty? Journal of Business Economics and Management [Taylor & Francis], Forthcoming. Link to article [33] Sum, V., & Chorlian, J. (2013). Stock market risk premiums, business confidence and consumer confidence: Dynamic effects and variance decomposition. International Journal of Economics and Finance, Forthcoming. Link to article [32] Sum, V. (2013). Economic policy uncertainty and stock market returns. International Review of Applied Financial Issues and Economics. Forthcoming. Link to article [31] Sum, V., & Chorlian, J. (2013). Strategic involvement of training professionals in the firm’s business strategies: Evidence from the United States. Global Journal of Business Research, 7(4), 127-134. Link to article [30] Sum, V. (2013). The impulse response functions of stock market returns to temperature and precipitation innovations. International Research Journal of Applied Finance, 4(3), 429-450. Link to Article [29] Sum, V. (2013). Commercial paper rates and stock market excess returns. Journal of Finance and Investment Analysis, 2(1), 77-83. Link to Article [28] Sum, V. (2013). Innovation and firm performance: Evidence from the capital market. Journal of Modern Accounting and Auditing, 9(2), 272-277. Link to article [27] Sum, V. (2013). Employee benefits and stock returns: A look at health care benefits. Accounting and Taxation, 5(1), 1-8. Link to article [26] Sum, V. (2013). Economic policy uncertainty in the United States and Europe: A cointegration test. International Journal of Economics and Finance, 5(2), 98-101. Link to article [25] Sum, V. (2013). The orthogonal response of stock returns to dividend yield and price-to-earnings innovations. Accounting and Finance Research, 2(1), 47-53. Link to Article [24] Sum, V. (2013). Impulse response functions and causality test of financial stress and stock market risk premiums. International Journal of Financial Research, 4(1), 1-4. Link to article [23] Sum, V. (2012). Most admired companies: Admirable performance. Journal of Applied Finance and Banking, 2(6), 191-199. Link to article [22] Sum, V., & Fanta, F. (2012). Long-run relation and speed of adjustment of economic policy uncertainty and excess return volatility. International Research Journal of Finance and Economics, 102, 6-12. Link to article [21] Sum, V., & Brown, K. (2012). Real estate sector response to economic policy uncertainty shocks. International Research Journal of Applied Finance, 3(12), 1739-1747. Link to article [20] Sum, V. (2012). Financial stress and economic policy uncertainty: Impulse response function and causality. International Research Journal of Applied Finance, 3(11), 1633-1637. Link to article [19] Sum, V. (2012). The effect of economic policy uncertainty in the US on the stock market performance in Canada and Mexico. International Journal of Economics and Finance, 4(11), 165-171. Link to article [18] Sum, V. (2012). Economic policy uncertainty and stock market performance: Evidence from the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine. Journal of Money, Investment and Banking, 25, 99-104. Link to article [17] Sum, V. (2012). Does economic policy uncertainty in the United States affect stock market performance in Europe? International Research Journal of Finance and Economics, 98, 40-45. Link to article [16] Sum, V. (2012). The impulse response functions of economic policy uncertainty and stock market returns: A Look at the Eurozone. Journal of International Finance Studies, 12(3), 100-105. Link to article [15] Sum, V., & Chorlian, J. (2012). Stock returns and employee turnover. International Economics and Finance Journal, 7(2), 347-354. Link to article [14] Sum, V. (2012). Most ethical companies and stock performance: empirical evidence. International Research Journal of Applied Finance, 3(8), 1286-1292. Link to article [13] Lim, S., Sum, V., & Khun, C. (2012). Interest rate sensitivity of stock returns: Effects across the maturity profile and direction of interest rate changes. International Research Journal of Applied Finance, 3(8), 1151-1162. Link to article [12] Sum, V. (2012). Workforce diversity and stock returns. International Research Journal of Finance and Economics, 92, 82-86. Link to article [11] Lim, S., Khun, C, & Sum, V. (2012). On the functional forms and stability of money demand: The U.S., Japan and Australia. Research in Business and Economics Journal, 6, 150-168. Link to article [10] Sum, V. (2012). Stock performance and the firm's training program. International Research Journal of Applied Finance, 3(5), 554-559. Link to article [9] Sum, V. (2012). A comparison of strategic involvement of training professionals employed in small, medium and large firms. Academy of Business Journal, 2, 63-71. Link to article [8] Lin, J. C., & Sum, V. (2012). Bank ownership and performance in Taiwan: Do politics matter? Journal of Finance and Accountancy, 10, 12-30. Link to article [7] Sum, V. (2011). Integrating training in business strategies means greater impact of training on the firm’s competitiveness. Research in Business and Economics Journal, 4, 1-19. Link to article [6] Sum, V. (2010). The January and size effects on stock returns: More evidence. International Journal of Applied Accounting and Finance, 1(1), 47-52. Link to article [5] Brown, K., & Sum, V. (2010). Determinants of dividend payments. International Journal of Applied Accounting and Finance, 1(1), 40-46. Link to article [4] Sum, V., McCaskey, S. J., & Kyeyune, C. (2010). A survey research of satisfaction levels of graduate students enrolled in a nationally ranked top-10 program at a mid-western university. Research in Higher Education Journal, 7(2), 1-17. Link to article [3] Sum, V. (2009). Strategic integration of training and innovation: Significantly connected. Journal of Global Information Technology, 4(1-2), 7-20. Link to article [2] Sum, V. (2007). A framework for managing training programs to enhance organizational operation performance. Online Journal for Workforce Education and Development, 2. Retrieved from http://opensiuc.lib.siu.edu/ojwed/vol2/iss3/6/ Link to article [1] Lin, C., Hsieh, H., Yuok, N., Savary, C., & Sum, V. (2004). Evaluating the competitiveness of least-developed countries - the example of Cambodia. Asia Pacific Management Review, 9(2), 205-227. Link to article Working Papers » Stock Market Performance: High and Low Months [06/05/2013]    http://papers.ssrn.com/abstract=2275061    Under Review: Financial Markets and Portfolio Management » Quality of the Firm’s Training and Stock Returns [Last Update: 06/04/2013]    http://papers.ssrn.com/abstract=1865966    This Paper Was Presented at: The Hough Graduate School of Business, University of Florida    and Robert H. Smith School of Business, University of Maryland    » Determinants of U.S. Government Bond Risk Premia [08/22/2012]    http://papers.ssrn.com/abstract=2130164 » The Reaction of Stock Markets in the BRIC Countries to Economic Policy Uncertainty    in the United States [07/12/2012] http://papers.ssrn.com/abstract=2094697    Under Review: Global Journal of Emerging Market Economies » The ASEAN Stock Market Performance and Economic Policy Uncertainty in the US    [07/07/2012] http://papers.ssrn.com/abstract=2091871     » Unemployment, Consumer Confidence, Business Confidence, Inflation and Monetary    Policy [09/16/2012] http://papers.ssrn.com/abstract=2146497 » Response of Business and Consumer Confidence to Monetary Policy Shocks [09/09/2012]    http://papers.ssrn.com/abstract=2143562    Under Review: Empirical Economics Letter » Analysis of Risk Premiums and Risk-Adjusted Excess Returns of the Best Companies to    Work for in the United States [08/02/2012] http://papers.ssrn.com/abstract=1950025    This Paper Was Presented at: The Academy of Business Research, Atlantic City, NJ    (September 10-12, 2012)    Under Review: Journal of Asset Management [Palgrave] » Stock Market Returns and Liquidity: Dynamic Relationships and Causality    [11/17/2012] http://papers.ssrn.com/abstract=2177332     » Dynamic Effects of Financial Stress on the U.S. Real Estate Market Performance    [Last Update: 06/04/2013] http://papers.ssrn.com/abstract=2196251    This Paper Was Presented at: Department of Economics, University of Maryland,    College Park, MD » How Do Stock Returns on the U.S. Manufacturing Industry Respond to Raw Materials    Price Shock? [08/29/2012] http://papers.ssrn.com/abstract=2137442 » Do Stock Markets in South Asia Respond to Economic Policy Uncertainty in the    United States? [06/27/2012] http://papers.ssrn.com/abstract=2094688 » How Does Economic Policy Uncertainty in Europe Affect the the U.S. Stock Market?    [07/24/2012] http://papers.ssrn.com/abstract=2094195 » Can Economic Policy Uncertainty in the United States Predict the Performance of Stock Markets    in South America? [06/26/2012] http://papers.ssrn.com/abstract=2093687 » Does Economic Policy Uncertainty in the United States Have Any Impact on the Stock Market    Performance in Australia and New Zealand? [06/27/2012]    http://papers.ssrn.com/abstract=2092377 » How Do Stock Markets in China and Japan Respond to Economic Policy Uncertainty in the    United States? [06/26/2012] http://papers.ssrn.com/abstract=2092346 » The Effect of Economic Policy Uncertainty in the United States on Stock Market Performance    of the Asian Tiger Economies [06/26/2012] http://papers.ssrn.com/abstract=2092097 » A Trade-Off Analysis between Cost Reduction and Product Differentiation for    Sustained Competitive Advantage [06/23/2011] http://papers.ssrn.com/abstract=1867905

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