Mark D. Walker

My research focuses on topics in corporate finance including financial policies, governance, and restructuring.  I teach international finance in our undergraduate and M.B.A. programs.  My education includes a Ph.D. (2001) and a M.B.A. (1995) from Purdue University and a B.B.A. from the University of Texas at Austin (1991).  

My Research

Publications:

"Managerial Response to Institutional Investor Distraction"
with Tri Trinh and Keven Yost
North American Journal of Economics and Finance, 2025, 76, 102342.

"PIPEs, Firm Investment, and Viability"
with Qingqing Wu
Review of Quantitative Finance and Accounting, 2024, 62, 171-194.

"Seasoned Equity Offerings and Payout Policy"
with Keven Yost
Journal of Financial Research, 2022, 45, 467-754.

"Belt and Road Initiative and Chinese Cross-border Mergers and Acquisitions"
with Ivan Kandilov and Chi Zhang
World Economy, 2022, 45, 1978-1996.

"Innovation in Urban Transit at the Start of the 20th century: A Case Study of Metropolitan Street Railway’s Stealth, Hostile Takeover of Third Avenue Railroad"
with Tim A. Kruse and Steven K. Todd
Enterprise & Society, 2022, 23, 357-407.

"Direct Flights and Cross-border Mergers & Acquisitions"
with Ivan Kandilov and Chi Zhang
Journal of Corporate Finance, 2021, 70, 102063.

"Equity Issues When in Distress"
with Qingqing Wu
European Financial Management, 2019, 25, 489-519.

"Credibility and Multiple SEOs: What Happens When Firms Return to the Capital Markets?"
with Keven Yost and Jing Zhao
Financial Management, 2016, 45, 675-703.

"CEO Assessment and the Structure of Newly Formed Boards"
with David J. Denis and Diane K. Denis
Review of Financial Studies, 2015, 28, 3338-3366.

"The Effect of Tougher Enforcement on Foreign Firms: Evidence from the Adelphia Perp Walk"
with Charles R. Knoeber
Journal of Corporate Finance, 2013, 23, 382-394.

"On Political Connectedness and the Arrest of Ivan Boesky"
with Charles R. Knoeber
Public Choice, 2013, 157, 41-50.

"Seasoned Equity Offerings: What Firms Say, Do, and How the Market Reacts"
with Keven Yost
Journal of Corporate Finance, 2008, 14, 376-386.

"Corporate Governance and the Spinoff Decision"
with Seoungpil Ahn
Journal of Corporate Finance, 2007, 13, 76-93.

"What Drives the S&P 500 Inclusion Effect? An Analytical Survey"
with William B. Elliott, Bonnie F. Van Ness, and Richard S. Warr
Financial Management, 2006, 35 (4), 31-48.

"LEAPS Introductions and the Value of the Underlying Stocks"
with Leonard L. Lundstrum
Journal of Financial Intermediation, 2006, 15, 494-510.

"Industrial Groups and Investment Efficiency"
Journal of Business, 2005, 78, 1973-2002.

"Analyzing Stock Market Volatility Using Extreme Day Measures"
with Charles P. Jones and Jack W. Wilson
Journal of Financial Research, 2004, 27, 585-601.

"Pension Surpluses, Corporate Earnings, and Expected Return Assumptions"
with Charles P. Jones
Journal of Investing, 2003, 12, 25-32.
- abstracted in CFA Digest, 2004, 34, 52-54.