Howard Qi

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Associate Professor of Finance, School of Business and Economics

  • PhD in Finance, Syracuse University
  • PhD in Physics, University of Massachusetts/Amherst

Biography

Dr. Qi joined Michigan Tech in 2005. Before coming to the beautiful Upper Peninsula of Michigan, he lived in the quaint college town of Amherst in Massachusetts and Syracuse in the picturesque finger lake region of New York. His interests include biking, swimming, traveling, (cross-country) skiing, classic music, reading, writing and movies. He maintains an active research agenda in financial economics. He is an amateur astronomer.

Teaching Interests

  • Corporate finance
  • Financial management

Research Interests

  • Theoretical financial economics
  • Asset pricing
  • Corporate finance

Recent Publications

  • Han, D., Qi, H., Xie, A. (2015). "On Equivalent Annual Cost Method" , Journal of the Finance Issues. jofi.aof-mbaa.org/2014-vol13-issue2
  • Qi, H., Xie, Y. A. "Equivalent, Incidental and Incremental Cash Flows" , International Journal of Business, Accounting, and Finance. Read More
  • Han, G., Qi, H. (2014). "The Economic Value of a New Technology in Growing Potatoes: The Hilling Method" (vol. 8, 2 #, pp. 53-61) , The International Journal of Business and Economics Perspectives. Read More
  • Liu, S., Qi, H., Shi, J., Xie, Y. A. (2013). John Doukas, "Predict Default Correlation from Equity Correlation", European Financial Management.
  • Johnson, D. L., Qi, H. (2012) "Explaining Bond Spreads via Default Risk, Taxes and Rating Transition" , Financial Decisions. Forthcoming
  • Qi, H., Liu, S., Johnson, D. L. (2012). "A Model for Risky Cash Flows and Tax Shields" (vol. 36, pp. 868-881) , Journal of Economics and Finance.
  • Huang, H., Huang, J.-W., Qi, H., Ouyang, P. (2012). "Bivariate Option Pricing Under Regime-Switching Copulas" (vol. 20, 3 #,) Review of Futures Markets.
  • Qi, H. (2011). "Value and Capacity of Tax Shields: An Analysis of the Slicing Approach," (vol. 35, # 1, pp. 166-173) . Evansville, Il.: The Journal of Banking and Finance.
  • Qi, H., Han, G. (2010). "Is APV better than WACC for Non-Stationary Debt Ratio," (vol. 8, # 2, pp. 79-88) . Chicago: Journal of Academy of Finance.
  • Qi, H., Liu, S., Wu, C. (2010). "Structural Models of Corporate Bond Pricing with Personal Taxes," (vol. 34, # 7, pp. 1719-1728) . Journal of Banking and Finance.
  • Qi, H. (2010). "Valuation Methodologies and Emerging Markets," (vol. 5, # 1, pp. Article 2) . Berkeley Electronic Press: Journal of Business Valuation and Economic Loss Analysis. Read More
  • Qi, H., Xie, Y. A., Liu, S. (2010). "Credit Risk Models: An Analysis of Default Correlation," (vol. 4, # 1, pp. 189-208) . Hilo, Hawaii: Internal Journal of Business and Finance Research. Read More
  • Xie, Y. A., Qi, H. (2010). "Job Security and Personal Investment Portfolio," (vol. 4, # 1, pp. 17-27) . Hawaii: Global Journal of Business Research.
  • Qi, H., Shi, J. (2010). "Pricing Stock with Constant Dividend Growth Model," (vol. 17, # 1, pp. 1-6) . Journal of Contemporary Business and Issues.
  • Johnson, D. L., Qi, H. (2009). "Is a Project's Initial Investment Riskfree? A Decision Tree Paradox," (vol. 2, # 2, pp. 76-82) . Upland, California: International Journal of Global Business and Economics.
  • Qi, H., Liu, S., Wu, C. (2009). On the calibration of structural credit spread models, (2nd ed., vol. 5, pp. 189-209). Springer Berlin/Heidelberg: Annals of Finance. Read More
  • Stout, D., Qi, H., Xie, Y. A., Liu, S. James Rebele (Ed.), Incorporating Real Options into the Capital Budgeting Process: A Primer for Accounting Educators Elsevier: Journal of Accounting Education. Read More
  • Xie, A. Y., Qi, H., Huang, H. (2008). "Bankruptcy Costs and Bond Valuation," (2nd ed., vol. 13, pp. p.103-109). Hollywood, FL: Journal of American Academy of Business, Cambridge.
  • Johnson, D. L., Qi, H. (2008). "WACC Misunderstandings," (1st ed., vol. 6, pp. 32-40). Journal of the Academy of Finance.
  • Stout, D., Xie, Y. A., Qi, H. (2008). "Improving Capital Budgeting Decisions with Real Options," (4th ed., vol. 9, pp. p.1-10). Montvale, New Jersey: Management Accounting Quarterly.
  • Stout, D., Xie, Y. A., Qi, H. (2008). "Improving Capital Budgeting Decisions with Real Options," (4th ed., vol. 9, pp. p.1-10). Montvale, New Jersey: Management Accounting Quarterly.
  • Qi, H. (2008). "Credit Spreads and Capital Structure Policy," (1st ed., vol. 3, pp. p.66-72). Beaverton, Oregon: Journal of International Management Studies.
  • Huang, H. M., Qi, H., Cai, Y. (2007). "An Empirical Study Comparing the CAPM and the Fama- French 3-Factor Model," (3rd ed., vol. 3, pp. 32 - 37). Journal of Academy of Taiwan Business Management Review.
  • Liu, S., Woodlock, P., Qi, H., Xie, Y. A. (2007). Qi, H. (Ed.), "Cash Reserve and Venture Business Survival Probability," (3rd ed., vol. 11, pp. p.123-136). Journal of Entrepreneurial Finance and Business Venture.