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July 1, 2017CURRICULUM VITAE FORMAUNG, Min ThuDepartment of Finance and Management ScienceEdwards School of Business1. PERSONAL:2. DEGREES:PhD, University of Alberta, 2010, School of Business, FinanceMS, University of Utah, 2002, School of Business, FinanceMBA, University of Utah, 1998, School of BusinessBS, University of Utah, 1997, School of Business, Finance3. CREDENTIALS:4. APPOINTMENTS (INCLUDING JOINT) AND PROMOTIONS AT THE U OF S:Associate Professor, with tenure, July 2017 to present, Department of Finance andManagement Science, Edwards School of BusinessAssistant Professor, with tenure, July 2016 to June 2017, Department of Finance andManagement Science, Edwards School of BusinessAssistant Professor, without tenure, July 2010 to June 2016, Department of Finance andManagement Science, Edwards School of Business5. ASSOCIATE MEMBERSHIPS (in other Departments or Colleges at the U of S):5.1 Associate Memberships at the U of S5.2 Adjunct Appointments at Other Institutions5.3 Affiliations6. PREVIOUS POSITIONS RELEVANT TO U OF S EMPLOYMENT:7. LEAVES:1

July 1, 2017Research, September 2014 to November 2014Parental, November 2014 to Dec 20148. RECOGNITIONS:Best Paper, 11th Asian Business Research Conference, December 2014Best Paper in Finance, Administrative Sciences Association of Canada, June 2013Best Paper in Finance, Society of Interdisciplinary Business Research, June 20139. TEACHING RECORD:9.1 Scheduled Instructional Activity:INSTYEARCOURSEENRLYIHYSCHTYPECOMM 461.3 Theory of Finance (Two Sections, Term 2)Lec62MBA 870.3 Corporate Finance (Term 2)Lec40COMM 461.3 Theory of Finance (Two Sections, Term 1)Lec36COMM 461.3 Theory of Finance (Term 2)Lec38MBA 870.3 Corporate Finance (Term 2)Lec26COMM 461.3 Theory of Finance (Two Sections, Term 2)Lec44MBA 870.3 Corporate Finance (Term 2)Lec45COMM 461.3 Theory of Finance (Term 1)Lec30Lec60MBA 870.3 Corporate Finance (Term 2)Lec45COMM 461.3 Theory of Finance (Term 1)Lec35COMM 461.3 Theory of Finance (Two Sections, Term 2)Lec60MBA 870.3 Corporate Finance (Term 2)Lec452016-20172015-20162014-20152013-14 COMM 461.3 Theory of Finance (Two Sections, Term 2)2012-132

July 1, 2017COMM 461.3 Theory of Finance (Term 1)Lec35Lec60MBA 870.3 Corporate Finance (Term 2)Lec40COMM 461.3 Theory of Finance (Term 1)Lec40Lec70Lec202011-12 COMM 461.3 Theory of Finance (Two Sections, Term 2)2011-11 COMM 461.3 Theory of Finance (Two Sections, Term 2)MBA 858.2 Corporate Finance (Term 2)9.2 Unscheduled Instructional Activity:9.3 Substantially Revised or New Courses Developed and Approved:Comm 461, revised (and approved) to be offered as Fin 8619.4 Teaching Materials:9.5 Other Teaching Related Activities:10. SUPERVISION AND ADVISORY ACTIVITIES:10.1 Undergraduate Student EEBeiqi ShenEmmitt HayesPeiyang SuBCOMM(HONOURS)BCOMM(HONOURS)BCOMM(HONOURS )ROLECo-supervisorCo-supervisorCo-supervisor10.2 Graduate Student SupervisionYEARNAME2016Weisu Yu2015Osman Khan2015Egor Ufimtsev2013-2015 Feiyi Yang2013-2015 Minrou Tang2014-2015 Lianzheng Li2011- 2014 Peirong Li2011- 2014 Yirong GuoDEGREE THESIS SUBJECTMscMScMScMScMScMScMScMScCorporate GovernanceDividendCSRCEO Risk-takingMarket TimingMergersCross-border M&ADividend Co-Supervisor3

July 1, 20172011- 20162010-20132010-20132010-20132010-2011Myles Shedden MScYanxue LiuMScHarun Rashid MScLei ZhaoMScAbdullah Shahid MScCross-border M&AExecutive CompensationCEO Risk-takingFamily FirmsBank eeCommittee10.3 Graduate Theses SupervisedYirong Guo, Dividend Changes and Future Profitability: A Revisit based on Earnings Volatility(with Craig Wilson)Peirong Li, Is National Pride A Bane Or A Boon For Cross-Border Acquisitions? (with Dev Mishra)Yanxue Liu, Executive Compensation Following Mergers and Acquisitions: The Impact of InstitutionalOwnership (with George Tannous)Harun Rashid, Issuances and Repurchases: An Explanation Based on CEO Risk-taking Incentives(with Craig Wilson)Myles Shedden, The Impact of Country-level Characteristics on Cross-border Merger and AcquisitionPremiums (with Craig Wilson)Minrou Tang, The Timing of Equity Issuance: Adverse Selection Costs or Sentiment? (with CraigWilson)Feiyi Yang, Corporate Social Responsibility and Managerial Incentives (with Craig Wilson)10.4 Post-Doctoral Supervision10.5. Staff Supervision10.6 Other Advisory Activities11. BOOKS AND CHAPTERS IN BOOKS11.1 Authored Books11.2 Edited Books11.3 Chapters in Books12. PAPERS IN REFEREED JOURNALS:4

July 1, 2017Li, J., Maung, M., Wilson, C., 2017. Governance and financial development: A cross-countryanalysis, Journal of International Financial Markets, Institutions and Money (accepted inMay, 2017).Gill, A., Maung, M., Chowdhury, R. H., 2016. Social capital of non-resident family membersand small business financing: Evidence from an Indian state, International Journal ofManagerial Finance, 12 (5), pp.558-582.Maung, M., Tang, X., Wilson, C., 2016. Political connections and industrial pollution:Evidence based on state ownership and environmental levies in China, Journal of BusinessEthics, 138 (4), pp. 649–659).Chen, Q., Maung, M., Shi, Y., Wilson, C., 2014. Foreign direct investment concessions andenvironmental levies in China. International Review of Financial Analysis 36, 241-250.Chowdhury, R. H., Maung, M., 2014. Credit rating changes and leverage adjustments:concurrent or continual? Review of Pacific Basin Financial Markets and Policies 17 (4), 1-29.Maung, M., Chowdhury, R. H., 2014. Is there a right time for capital investment? Studies inEconomics and Finance 31(2), 223-243.Chowdhury, R. H., Maung, M., Zhang, W., 2014. Information content of dividends: A caseof an emerging financial market. Studies in Economics and Finance 31(3), 272-290.Chowdhury, R. H., Maung, M., 2014. Time-varying social mood and corporate investmentdistortion. International Journal of Behavioral Accounting and Finance, 4(2), 153-174.Maung, M., 2014. Security issuances in hot and cold markets. Review of Pacific BasinFinancial Markets and Policies 17(3), 1-45.Chowdhury, R. H., Maung, M., 2013. Corporate entrepreneurship and debt financing:Evidence from the GCC countries. International Journal of Managerial Finance 9, 294-313.Chowdhury, R. H., Maung, M., 2012. Financial market development and the effectivenessof R&D investment: Evidence from developed and emerging countries. Research inInternational Business and Finance 26, 258– 272.13. ARTISTIC WORKS:14. REFERRED CONFERENCE PUBLICATIONS:15. PRESENTATIONS15.1 Invited Presentations“Disappearing Dividends: A Rational Explanation and Implications” (with Vikas Mehrotra*,presented at the Australian Graduate School of Management, the University of WesternAustralia, 2014).“Idiosyncratic Risk, Information Flow, and Earnings Informativeness for Family Businesses”5

July 1, 2017(with Craig Wilson*, Zhenyu Wu, and Lei Zhao; presented at the University of Manitoba’s5th Conference on the Chinese Capital Markets, 2015)*Denotes the presenter.15.2 Contributed PresentationsMin Maung, Myles Shedden, Craig Wilson, and Yuan Wang*, The impact of country-levelcharacteristics on cross-border merger and acquisition premiums, Cross CountryPerspectives in Finance (CCPF) Conference, Chengdu, China, June 2017Jialong Li, Min Maung, and Craig Wilson*, Governance and financial development: A crosscountry analysis, Journal of International Financial Markets, Institutions and Money SpecialIssue Conference and Forum – Financial Innovation, Yunnan, China, December 2016Jialong Li*, Min Maung, and Craig Wilson, Governance and financial development: A crosscountry analysis, Symposium on “Special Issue of the Journal of International FinancialMarkets, Institutions and Money,” Shanxi, China, June 2016Yirong Guo, Min Maung, and Craig Wilson*, Firm characteristics and the signaling effect ofdividend changes: A revisit based on earnings volatility, Auckland Finance Meeting 2015,Auckland, December 2015Yirong Guo, Min Maung*, and Craig Wilson, Firm characteristics and the signaling effect ofdividend changes: A revisit based on earnings volatility, Northern Finance AssociationConference, Lake Louise, September 2015Min Maung, Xiaobo Tang, and Craig Wilson*, Political connections and industrial pollution:Evidence based on state ownership and environmental levies in China, The 2015International conference on Business and Information, Hawaii, February 2015Yanxue Liu, Min Maung, and George Tannous*, Do institutional investors provide expertmonitoring of managers? Evidence from post-merger compensation and performance,American Society of Business and Behavioral Sciences (ASBBS) 22nd Annual Conference, LasVegas, February 2015Amarjit Gill, Min Maung, and Reza Chowdhury*, Social capital of non-resident familymembers and small business financing, 11th Asian Business Research Conference, Dhaka,Bangladesh, December 2014Min Maung* and Vikas Mehrotra, Disappearing dividends: Two rational explanations, The4th Quantitative Economics Conference, Beijing, July 2014Min Maung, Xiaobo Tang, and Craig Wilson*, Political connections and industrial pollution:Evidence based on state ownership and environmental levies in China, Business Ethics inGreater China: Past, Present and Future, Tibet, May 20146

July 1, 2017Min Maung, Craig Wilson*, Zhenyu Wu, and Lei Zhao, Idiosyncratic risk, information flow,and earnings informativeness for family businesses, Midwest Finance AssociationConference, Orlando, March 2014Reza Chowdhury and Min Maung*, Is there a right time for capital investment? WorldFinance and Banking Symposium, Beijing, December 2013Min Maung*, Harun Rashid, Craig Wilson, and Zhenyu Wu, Issuances and repurchases: Anexplanation based on CEO risk-taking incentives, Financial Management Association AnnualMeeting, Chicago, October 2013Reza Chowdhury and Min Maung*, Is there a right time for capital investment? Society ofInterdisciplinary Business Research Conference, Bangkok, June 2013Min Maung, Harun Rashid, Craig Wilson*, and Zhenyu Wu, Issuances and repurchases: Anexplanation based on CEO risk-taking incentives, Administrative Sciences Association ofCanada Conference, Calgary, June 2013Reza Chowdhury*and Min Maung, Credit rating changes and leverage adjustments:Concurrent or continual? Global Finance Conference, Shanghai, December 2012Min Maung, Asymmetric information, agency costs, and security issuances in hot and coldmarkets, Financial Management Association Annual Meeting, Atlanta, October 2012Min Maung, Asymmetric information, agency costs, and security issuances in hot and coldmarkets, Shanghai Conference on Entrepreneurship and Finance, Shanghai, June 2012Reza Chowdhury* and Min Maung, Return on R&D investment and financial marketdevelopment: Evidence from international data, Global Finance Conference, Dubai,November 2011Min Maung* and Vikas Mehrotra, Disappearing dividends: A rational explanation andimplications, Financial Management Association, Denver, October 2011Reza Chowdury, Min Maung, and Wenjun Zhang*, Information content of dividends:Evidence from China’s local and cross-listed firms, Eastern Finance Association, Savannah,April 2011Reza Chowdury, Min Maung*, and Wenjun Zhang, Information content of dividends:Evidence from China’s local and cross-listed firms, Southwestern Finance Association,Houston, March 2011Reza Chowdury*, Min Maung, and Wenjun Zhang, Information content of dividends:Evidence from China’s local and cross-listed firms, Northern Finance Association, Winnipeg,September 20107