Journal Articles 

Academic Journals 

Comovement and Investment Banking Networks” with Shane Underwood and James Weston, Journal of Financial Economics, forthcoming.

 

“Real Options, Volatility, and Stock Returns” with Evgeny Lyandres and Alexei Zhdanov, Journal of Finance, 67 (2012) 1499-1537.

 

“Corporate Financing Decisions, Managerial Market Timing, and Real Investment” with Alexander Butler, Jess Cornaggia, and James Weston, Journal of Financial Economics, 101 (2011), 666-683.

-          Winner of the Best Paper Award in Corporate Finance at the 2009 FMA meetings.

 

“Has the Propensity to Pay Out Declined?” with Brad Pay, Shane Underwood, and James Weston, Journal of Financial and Quantitative Analysis, 46 (2011), 1-24.

 

“What Drove the Increase in Idiosyncratic Volatility during the Internet Boom?” with Jason Fink, Kristin Fink, and James Weston, Journal of Financial and Quantitative Analysis, 45 (2010), 1253-1278.

 

"Can Managers Successfully Time the Maturity Structure of Their Debt Issues?" with Alexander Butler and James Weston, Journal of Finance, 61 (2006), 1731-1758.

-          Nominated for the 2006 Brattle Prize

-          Technical Note: “A Note on Nonsense Predictive Regressions Arising from Structural Breaks”

 

“The Impact of Capital Structure on Advertising Competition: An Empirical Study” with George Kanatas and Piyush Kumar, Journal of Business, 79 (2006), 3101-3124.

 

"Dividend Changes Do Not Signal Changes in Future Profitability” with Shlomo Benartzi, Roni Michaely and Richard Thaler, Journal of Business, 78 (2005), 1659-1682.

 

"Stock Market Liquidity and the Cost of Issuing Equity" with Alexander Butler and James Weston, Journal of Financial and Quantitative Analysis, 40 (2005), 331-348.

 

"Can Managers Forecast Aggregate Market Returns?" with Alexander Butler and James Weston, Journal of Finance, 60 (2005), 963-986.

-          Nominated for the 2005 Smith Breeden Prize

 

"Advertising, Breadth of Ownership, and Liquidity" with George Kanatas and James Weston, Review of Financial Studies, 17(2004), 439-461.

 

"The Information Content of Share Repurchase Programs” with Roni Michaely, Journal of Finance, 59 (2004), 651-680. 

 

“Dividends, Share Repurchases, and the Substitution Hypothesis” with Roni Michaely, Journal of Finance, 57 (2002), 1649-1684.

-          Abstracted in The CFA Digest, February 2003, 10-12.

-          Abstracted in Investor Relations Quarterly, Volume 5, 2002, 20-37.

 

“Are Dividend Changes a Sign of Firm Maturity?” with Roni Michaely and Bhaskaran Swaminathan, Journal of Business, 75 (2002), 387-424. 

-          Lead Article

-          Abstracted in The CFA Digest, February 2003, 33-34.

-          Abstracted in Economic Intuition, Spring 2002, 19-20.

 

“Closed-End Fund Discounts with Informed Ownership Differential” with Albert Wang, Journal of Financial Intermediation, 10 (2001), 171-205.  

 

"Capital Adequacy, Bank Mergers, and the Medium of Payment," with Roni Michaely and Itzhak Swary, Journal of Business Finance and Accounting, 24 (1), January 1997, 97-124. 

-          Reprinted in The Revolution in Corporate Finance, edited by J.M. Stern and D.H. Chew, Jr. (Fourth Edition).

-          Abstracted in The CFA Digest, February 2001, 61-62.

 

Other Publications 

 

Comments on “The Effects of Taxes on Market Responses to Dividend Announcements and Payments: What Can We Learn from the 2003 Dividend Tax Cut?” in Alan Auerbach, James R. Hines, and Joel Slemrod, eds. Taxing Corporate Income in the 21st Century, Cambridge University Press.  

 

“What Do We Know About Stock Repurchases?” with Dave Ikenberry, Journal of Applied Corporate Finance, 13 (2000), 31-51.  

-          Reprinted in The Revolution in Corporate Finance, edited by J.M. Stern and D.H. Chew, Jr. (Fourth Edition).

-          Abstracted in The CFA Digest, February 2001, 61-62.

 

This page last updated:  October 1, 2013 


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