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Otgo Erhemjamts

Professor, Finance
Associate Vice President and Associate Provost of Strategic Initiaitves, Bentley University
Associate Editor, Global Finance Journal
Ph.D., Georgia State University, 2005
M.S., University of Idaho, 1999
M.S., Mongolian University of Science and Technology, 1997
B.S., Mongolian University of Science and Technology, 1995
Office: Smith Technology Center 206 | 781.891._2823 | oerhemjamts@bentley.edu
                       


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Bio

Otgo Erhemjamts is a Professor of Finance at Bentley University. She received her PhD in Finance from Georgia State University. Her research interests are in corporate social responsibility, sustainable investing, corporate finance, and corporate governance. Her work has appeared in reputable academic journals including the Journal of Business Ethics; Journal of Banking and Finance; Journal of Money, Credit, and Banking; Journal of Financial Research; The Financial Review; and Journal of Risk & Insurance. She teaches graduate and undergraduate courses in investments, equity research, and sustainable investing. Her prior teaching experience includes teaching corporate finance, risk management, and financial institutions courses at Georgia State University, Atlanta, GA.

Teaching Interests

Equity Research; Sustainable, Responsible, and Impact (SRI) Investing

Research Interests

Corporate Social Responsibility; Sustainable, Responsible, and Impact (SRI) Investing; Corporate Finance; Banking

Consulting/Practice Interests

Equity Research; Sustainable, Responsible, and Impact (SRI) Investing

Professional Links

http://ssrn.com/author=571811
http://www.linkedin.com/in/oerhemjamts

Awards and Honors

2019, Co-PI, NSF IUSE Grant ($1.4 million), National Science Foundation
2017, Outstanding Reviewer, Journal of Banking and Finance
2017, Outstanding Reviewer, Journal of Business Research
2017, Semifinalist for the Best Paper in Investments Award, Financial Management Association
2017, Faculty Affairs Committee (FAC) Grant, Bentley University
2017, Faculty Affairs Committee (FAC) Grant, Bentley University
2016, Innovation in Teaching Award, TSAC, Bentley University
2016, Dean's Fund for International Travel Award, Bentley University
2015, Dean's Fund for International Travel Award, Bentley University
2015, Outstanding Reviewer, Journal of Banking and Finance
2014, Dean's Fund for International Travel Award, Bentley University
2012, Dean's Fund for International Travel Award
2012, Semifinalist for the Best Paper in Corporate Finance Award, Financial Management Association
2011, Dean's Fund for International Travel Award
2011, Faculty Affairs Committee (FAC) Grant, Bentley University
2011, Outstanding Scholarly Contribution Award, TSAC, Bentley University
2010, Dean's Fund for International Travel Award
2010, Publication Award, TSAC, Bentley University
2009, Dean's Fund for International Travel Award
2008, Dean's Fund for International Travel Award

Publications

Journal Article(s)
Cornett, M., Erhemjamts, O. (2019). Competitive Environment and Innovation Intensity. Global Finance Journal, Volume 41, 44-59. Forthcoming

Erhemjamts, O., Huang, K. (2019). Institutional Ownership Horizon, Corporate Social Responsibility and Shareholder Value. Journal of Business Research, 105, 61-79.

Cornett, M., Erhemjamts, O., Bayar, T., Tehranian, H. (2018). Does the Type of Strategic Interaction in an Industry affect the Relation between the Strategic Interaction and Firm Performance? Journal of Banking and Finance.

Cornett, M., Musumeci, J., Erhemjamts, O. (2016). Were U.S. Banks Exposed to the Greek Debt Crisis? Evidence from Greek CDS Spreads Financial Markets, Institutions, and Instruments.

Erhemjamts, O., Cornett, M., Tehranian, H. (2016). Greed or Good Deeds: Corporate Social Responsibility and its Impact on U.S. Commercial Banks Financial Performance around the Financial Crisis . Journal of Banking and Finance (70), 137-159. (link)

George, I., Erhemjamts, O. (2016). Doing Well and Doing Good: Performance of ESG Integration Approach. Fusio (1), 7-35.

Erhemjamts, O., Li, Q., Venkateswaran, A. (2013). Corporate Social Responsibility and Its Impact on Firms’ Investment Policy, Organizational Strategy, and Performance. Journal of Business Ethics, 118 (2), 395-412. (link)

Erhemjamts, O., Raman, K. (2012). The Role of Investment Bank Reputation and Relationships in Equity Private Placements. Journal of Financial Research, 35 (2), 183-210. (link)

Erhemjamts, O., Phillips, R. D. (2012). Form over Matter: Differences in the Incentives to Convert Using Full versus Partial Demutualization in the U.S. Life Insurance Industry. Journal of Risk and Insurance, 79 (2), 305-334. (link)

Erhemjamts, O., Raman, K., Shahrur, H. (2010). Industry structure and corporate debt maturity. The Financial Review, 45 (3), 627-657. (link)

Erhemjamts, O., Leverty, J. T. (2010). Demise of the Mutual Organizational Form: An Investigation of the Life Insurance Industry. Journal of Money, Credit, and Banking, 42 (6), 1011-1036. (link)

Books
Cornett, M, Saunders, A, Erhemjamts, O. (2019). Financial Institutions Management: A Risk Approach, 10th edition (10th ed.). Burr Ridge, Il: McGraw-Hill Higher Education.

Book Chapters
Erhemjamts, O, Raman, K. (2011). Financial Restructuring. The Art of Capital Restructuring: Creating Shareholder Value Through Mergers and Acquisitions . John Wiley & Sons, Inc.

Conference Presentations

Erhemjamts, O. (2019). "Institutional Ownership Horizon, Corporate Social Responsibility and Shareholder Value." Presented at the Eastern Finance Association Annual Meetings, Miami, FL.

Erhemjamts, O., Maher, S. (2017). "Early Life Imprinting of CEOs and Corporate Social Responsibility." Presented at the Bentley University's Behavioral Finance Symposium.

Huang, K., Erhemjamts, O. (2017). "Reexamination of the Relationship Between Institutional Ownership Horizon and Corporate Social Responsibility." Presented at the Financial Management Association Annual Meeting, Boston, MA.

Huang, K., Erhemjamts, O. (2016). "The Effect of Institutional Ownership Horizon on Corporate Social Responsibility." Presented at the IESE International Symposium on Ethics, Business, and Society, Barcelona, Spain.

Erhemjamts, O., Cornett, M., Tehranian, H. (2016). "Strategic R&D and Advertising Spending and Product Market Competition." Presented at the Financial Management Association, Las Vegas, NV.

Cornett, M., Erhemjamts, O. (2015). "A Multidimensional Examination of the Relation between Product Market Competition and the Efficient Use of Firm Resources." Presented at the Financial Management Association International's Financial Management Association International Annual Meetings 2015, Orlando, Florida.

Bayar, T., Cornett, M., Erhemjamts, O. (2015). "A Multidimensional Examination of the Relation between Product Market Competition and the Efficient Use of Firm Resources." Presented at the European Financial Management Association 's European Financial Management Association Annual Meetings, Amsterdam, Netherlands.

Erhemjamts, O. (2014). "Corporate Social Responsibility and its Impact on Financial Performance: Investigation of the U.S. Commercial Banks." Presented at the Financial Management Association Annual Meetings, Nashville, TN.

Erhemjamts, O. (2014). "Corporate Social Responsibility and its Impact on Financial Performance: Investigation of the U.S. Commercial Banks." Presented at the European Financial Management Association Annual Meetings, Rome, Italy.

Erhemjamts, O. (2013). "Corporate Social Responsibility and its Impact on Financial Performance: Investigation of the U.S. Commercial Banks." Presented at the Bentley University's Fall Research Colloquium, Waltham, MA.

Erhemjamts, O., Leverty, T. (2012). "Firm Efficiency and Industry Structure." Presented at the Financial Management Association, Atlanta, GA.

Erhemjamts, O., Li, Q., Venkateswaran, A. (2012). "Corporate Social Responsibility and Its Impact on Firms’ Investment Policy, Organizational Structure, and Performance." Presented at the FMA European Conference, Istanbul, Turkey.

Erhemjamts, O., Li, Q., Venkateswaran, A. (2011). "Corporate Social Responsibility, Firm Policies, and Performance." Presented at the Financial Management Association, Denver, CO.

Erhemjamts, O., Leverty, T. (2011). "Firm Efficiency and Industry Structure." Presented at the Financial Management Association, Denver, CO.

Erhemjamts, O. (2011). "Corporate Social Responsibility, Firm Policies, and Performance." Presented at the European Financial Management Association, Braga, Portugal.

Erhemjamts, O., Li, Q., Venkateswaran, A. (2011). "Corporate Social Responsibility, Firm Policies, and Performance." Presented at the European Financial Management Association, Braga, Portugal.

Erhemjamts, O. (2011). "Corporate Social Responsibility, Firm Policies, and Performance." Presented at the Multinational Finance Society, Rome, Italy.

Erhemjamts, O., Li, Q., Venkateswaran, A. (2011). "Corporate Social Responsibility, Firm Policies, and Performance." Presented at the Multinational Finance Society, Rome, Italy.

Wiggins, R. A., Erhemjamts, O., Minnick, K. L. (2010). "Bridging the Gender Gap: Explaining the Unexplainable." Presented at the Financial Management Association's 2010 FMA Annual Conference, New York, New York.

Erhemjamts, O. (2010). Presented at the Financial Management Association, New York, NY.

Wiggins, R. A., Erhemjamts, O., Minnick, K. L. (2010). "Bridging the Gender Gap: Explaining the Unexplainable." Presented at the Financial Management Association's 2010 European FMA Annual Conference, Hamburg, Germany.

Erhemjamts, O. (2010). "Bridging the Gender Gap: Explaining the Unexplainable."

Bayar, T., Gupta, A., Erhemjamts, O. (2010). "CFO Compensation." Presented at the Multinational Finance Association Conference, Barcelona, Spain.

Erhemjamts, O. (2010). "CFO Compensation." Presented at the Multinational Finance Society, Barcelona, Spain.

Bayar, T., Gupta, A., Erhemjamts, O. (2010). "CFO Compensation." Presented at the Eastern Finance Annual Meeting, Miami Beach, FL.

Erhemjamts, O. (2009). Presented at the European Financial Management Association.

Erhemjamts, O., Gupta, A., Bayar, T. (2009). "The Effect of Sarbanes-Oxley Act on CFO Compensation and Rank." Presented at the Financial Management Association, Reno, NV.

Erhemjamts, O., Gupta, A., Bayar, T. (2009). "The Effect of Sarbanes-Oxley Act on CFO Compensation and Rank." Presented at the European Financial Management Association, Milan, Italy.

Erhemjamts, O., Minnick, K. L. (2009). "What Does It Take to Close the Gender Gap in Executive Compensation?" Presented at the European Financial Management Association, Milan, Italy.

Erhemjamts, O., Minnick, K. L. (2009). "What Does It Take to Close the Gender Gap in Executive Compensation?" Presented at the Bentley University's Faculty Research Roundtable: Gender Issues Across Disciplines, Waltham, MA.

Erhemjamts, O. (2008). Presented at the European Financial Management Association, Athens, Greece.

Erhemjamts, O. (2008). Presented at the Financial Management Association, Grapevine, TX.

Erhemjamts, O., Raman, K., Shahrur, H. (2008). "Industry Structure and Debt Maturity." Presented at the Financial Management Association, Grapevine, Dallas.

Erhemjamts, O., Minnick, K. L. (2008). "What Does It Take to Close the Gender Gap in Executive Compensation?" Presented at the Financial Management Association, Grapevine, Dallas.

Erhemjamts, O., Raman, K., Shahrur, H. (2008). "Industry Structure and Debt Maturity." Presented at the European Financial Management Association, Athens, Greece.

Erhemjamts, O., Leverty, J. T. (2007). "The Demise of the Mutual Organizational Form: An Investigation of the Life Insurance Industry." Presented at the Financial Management Association Annual Meetings, Orlando, FL.

Erhemjamts, O., Leverty, J. T. (2006). "Efficiency Changes around US Life Insurer Demutualizations." Presented at the American Risk and Insurance Association Annual Meetings, Washington, DC.

Erhemjamts, O., Kale, J. (2005). "Are Diversifying Mergers and Acquisitions Operational Hedges." Presented at the Financial Management Association Annual Meetings, Chicago, IL.

Erhemjamts, O., Phillips, R. (2005). "What Drives U.S. Life Insurer Demutualizations?" Presented at the Financial Management Association Annual Meetings, Chicago, IL.

Erhemjamts, O., Phillips, R. (2004). "Issues Related with Ownership Structure Changes in US Life Insurance Industry." Presented at the Financial Management Association Annual Meetings, New Orleans, LA.

Erhemjamts, O., Phillips, R. (2003). "Incentive Effects of U.S. Life Insurer Demutualizations." Presented at the Financial Management Association Annual Meetings, Denver, CO.

Erhemjamts, O., Phillips, R. (2002). "Coordinated Risk Management: Evidence from Life Insurer Demutualizations." Presented at the Southern Risk and Insurance Association Annual Meeting, New Orleans, LA.

Service

Department Service
Mentor (Faculty) for Bentley Sustainable Investing Group, 2018 - Present
Secondary Evaluator for Tenure-Track Faculty - 2017
Course Coordinator for FI 306 Coordinator, 2017 - 2017
Course Coordinator for FI 306 Coordinator, 2016 - 2016
Secondary Evaluator for Tenure-Track Faculty - 2016
Committee Member for Curriculum Subcommittee on FI 305 Revision, 2015 - 2015
Course Coordinator for FI 306 (Formerly 320) Coordinator, 2015 - 2015
Primary Evaluator for Tenure-Track Faculty - 2015
Secondary Evaluator for Tenure-Track Faculty - 2015
Course Coordinator for FI 320 Coordinator, 2014 - 2014
Committee Member for Campus-wide survey on online testing and homework use , 2014 - 2014
Committee Member for Curriculum Committee, 2013 - 2013
Course Coordinator for FI 320 Coordinator, 2013 - 2013
Secondary Evaluator for Tenure-Track Faculty - 2013
Mentor (Faculty) for Boston Investment Research Challenge, 2012 - 2012
Committee Chair for Recruiting Committee, 2012 - 2012
Other for Secondary Evaluator for Tenure-Track Faculty - 2012
Mentor (Faculty) for Boston Investment Research Challenge, 2011 - 2012
Mentor (Faculty) for Boston Investment Research Challenge, 2010 - 2010
Committee Member for Curriculum Committee, 2010 - 2010
Committee Member for Recruiting committee, 2010 - 2010
Mentor (Faculty) for New England Investment Research Challenge, 2009 - 2010
Committee Member for Recruiting Committee, 2008 - 2008
Mentor (Faculty) for Bentley Investment Group, 2007 - 2008
Task Force Member for Course revision - FI320, 2007 - 2007
Committee Member for Recruiting Committee, 2007 - 2007
Mentor (Faculty) for Traveler's Finance Case Competition, 2007 - 2007
Task Force Member for Course revision - FI310, 2006 - 2006

University Service
Task Force Member for President's Task Force on Carbon Footprint Reductions, 2017 - 2017
Associate Editor for Fusio, Bentley Undergraduate Research Journal, 2017 - 2017
Committee Chair for Promotion and Tenure Committee, 2017 - 2017
Mentor (Faculty) for Wall Street 101 - 2017
Task Force Chair for "Signature Work" Task Force, 2017 - 2017
Associate Editor for Fusio, Bentley Undergraduate Research Journal, 2016 - 2016
Committee Member for Promotion and Tenure Committee, 2016 - 2016
Task Force Member for "Signature Work" Task Force, 2016 - 2016
Mentor (Faculty) for Wall Street 101 - 2016
Faculty Marshal for Undergraduate and Graduate Commencements, 2016 - 2016
Committee Member for B/T Adademic Affairs Committee, 2015 - 2015
Committee Member for Centennial Faculty Subcommittee, 2015 - 2015
Mentor (Faculty) for Wall Street 101 - 2015
Faculty Marshal for Undergraduate and Graduate Commencements, 2015 - 2015
Mentor (Faculty) for Wall Street 101 - 2014
Mentor (Faculty) for Wall Street 101 - 2013
Reviewer/Judge for Honors Program, Capstone of the Year - 2013
Committee Member for Academic Standards Committee, 2011 - 2012
Committee Member for B/T Student Affairs Committee, 2009 - 2010
Committee Member for B/T Information Services Committee, 2008 - 2010

Professional Service
Reviewer, Journal Article for Journal of Business Ethics, 2017 - 2017
Reviewer, Conference Paper for Eastern Finance Association - 2017
Reviewer, Conference Paper for Financial Management Association - 2017
Reviewer, Journal Article for Journal of Business Research, 2017 - 2017
Conference/Workshop Session Chair for Financial Management Association - 2017
Reviewer, Journal Article for Global Finance Journal, 2017 - 2017
Reviewer, Journal Article for Journal of Banking and Finance, 2017 - 2017
Reviewer, Journal Article for Journal of Business Ethics, 2017 - 2017
Reviewer, Journal Article for Financial Review, 2017 - 2017
Reviewer, Journal Article for European Management Review, 2017 - 2017
Reviewer, Journal Article for Journal of Banking and Finance, 2017 - 2017
Reviewer, Conference Paper for Financial Management Association - 2016
Reviewer, Journal Article for Journal of Banking and Finance, 2016 - 2016
Conference/Workshop Session Chair for Financial Management Association - 2016
Reviewer, Journal Article for Journal of Banking and Finance, 2016 - 2016
Reviewer, Journal Article for Journal of Business Research, 2016 - 2016
Reviewer, Journal Article for Journal of Business Ethics, 2016 - 2016
Reviewer, Journal Article for Journal of Banking and Finance, 2016 - 2016
Reviewer, Journal Article for Journal of Business Ethics, 2016 - 2016
Reviewer, Conference Paper for Financial Management Association - 2015
Conference/Workshop Session Chair for Financial Management Association - 2015
Reviewer, Journal Article for Journal of Business Ethics, 2015 - 2015
Reviewer, Journal Article for Journal of Banking and Finance, 2015 - 2015
Reviewer, Journal Article for Journal of Banking and Finance, 2015 - 2015
Reviewer, Journal Article for Journal of Banking and Finance, 2015 - 2015
Reviewer, Journal Article for Journal of Business Ethics, 2015 - 2015
Reviewer, Journal Article for Journal of Business Ethics, 2015 - 2015
Reviewer, Journal Article for Journal of Banking and Finance, 2014 - 2014
Reviewer, Conference Paper for Financial Management Association - 2014
Conference/Workshop Session Chair for Financial Management Association - 2014
Reviewer, Journal Article for Journal of Business Ethics, 2014 - 2014
Reviewer, Conference Paper for Financial Management Association - 2013
Reviewer, Journal Article for Journal of Banking and Finance, 2013 - 2013
Reviewer, Journal Article for Journal of Business Ethics, 2013 - 2013
Reviewer, Conference Paper for Financial Management Association, 2012 - 2012
Reviewer, Journal Article for Journal of Business Ethics, 2012 - 2012
Reviewer, Journal Article for Journal of Business Ethics, 2012 - 2012
Reviewer, Conference Paper for Financial Management Association, 2011 - 2011
Reviewer, Journal Article for Financial Review, 2011 - 2011
Reviewer, Journal Article for Journal of Financial Research, 2011 - 2011
Reviewer, Journal Article for Financial Review, 2011 - 2011
Conference/Workshop Session Chair for Eastern Finance Association, 2010 - 2010
Conference/Workshop Session Chair for Financial Management Association, 2010 - 2010
Reviewer, Conference Paper for Financial Management Association, 2010 - 2010
Conference/Workshop Session Chair for Financial Management Association, 2009 - 2009
Reviewer, Conference Paper for Financial Management Association, 2009 - 2009
Reviewer, Conference Paper for Financial Management Association, 2008 - 2008
Reviewer, Conference Paper for Financial Management Association, 2007 - 2007