“Climate Risk Exposure, ESG Performance, and ESG Sentiment for U.S. Commercial Banks” (with Otgontsetseg Erhemjamts and Kershen Huang). Global Finance Journal, Vol 59, March 2024. DOWNLOAD!
“Peer Effects in Corporate Governance Practices: Evidence from Universal Demand Laws” (with Pouyan Foroughi, Alan Marcus and Vinh Nguyen). Review of Financial Studies. January 2022, Volume35, Number 1, pp.132-167 and Harvard Law School Forum on Corporate Finance May 3, 2021. DOWNLOAD (RFS)! DOWNLOAD (Harvard Law)!
“Bank Consumer Relations and Social Capital,” (with Marcia Millon Cornett, Kristina Minnick and Patrick J. Schorno), Journal of Banking and Finance, Vol 133, 2021. DOWNLOAD!
"The relationship between venture capital backing and the top management team quality of firms going public and implications for initial public offerings" (with Thomas Chemmanur, Manish Gupta and Karen Simonyan). Journal of Business Venturing, Vol 36(6), 2021. DOWNLOAD!
“CEOs versus the Board: Implications of Strained Relations for Stock Liquidity” (with Ebrahim Bazrafshan and Alan Marcus). Global Finance Journal, Vol 48 pp 1-27, May 2021. DOWNLOAD!
“Corporate Bond Mutual Funds and Asset Fire Sales,” (with Jaewon Choi, Saeid Hoseinzade, and Sean Seunghun Shin). Journal of Financial Economics, 2020, Vol. 138, pp. 432-457, DOWNLOAD!
“An examination of bank behavior around Federal Reserve stress tests” (with Marcia Millon Cornett, Kristina Minnick and Patrick J. Schorno). Journal of Financial Intermediation, 2020, Vol. 41, pp. 1-13. DOWNLOAD!
“Competitive Environment and Innovation Intensity” (with Marcia Millon Cornett and Otgontsetseg Erhemjamts). Global Finance Journal, 2019, Vol. 41, pp. 44-59. DOWNLOAD!
“Waiting for guidance: Disclosure noise, verification delay, and the value-relevance of good-news versus bad-news management earnings forecasts" (with Lee Jeremy Cohen, Alan Marcus and Zabihollah Rezaee). Global Finance Journal, 2018, Vol. 37, pp 79-99. DOWNLOAD!
“The Effect of State Solvency on Bank Values and Credit Supply: Evidence from State Pension Cut Legislation" (with Lee Jeremy Cohen, Marcia Millon Cornett and Hamid Mehran). Journal of Financial and Quantitative Analysis, Vol.53, No 4, Aug 2018, pp. 1839-1870.DOWNLOAD!
“An Examination of the Relation between Strategic Interaction among Industry Firms and Firm Performance” ” (with Tumennasan Bayar , Marcia Millon Cornett, Otgontsetseg Erhemjamts and Ty Leverty). Journal of Banking and Finance, 2018, Vol. 87, pp. 248-263. DOWNLOAD!
“Underwriter Networks in Initial Public Offerings” (with Emanuele Bajo, Thomas Chemmanur and Karen Simonyan). Journal of Financial Economics, 2016, Vol. 122, pp 376-408. DOWNLOAD!
“Greed or Good Deeds: Corporate Social Responsibility and its Impact on Financial Performance: Investigation of U.S. Corporate Commercial Banks” (with Marcia Millon Cornett and OtgontsetsegErhemjamts). Journal of Banking and Finance, 2016, Vol. 70, pp 137-159. DOWNLOAD!
“Excess Pay and Deficient Performance” (with Mary Ellen Carter, Lee Cohen, and Alan Marcus). Review of Financial Economics, 2016, Vol. 30, pp 1-10. DOWNLOAD!
“Valuation Effects of Corporate Social Responsibility” (with Ali Fatemi and Iraj Fooladi). Journal of Banking and Finance, 2015, Vol. 59, Issue C, pp 182-192. DOWNLOAD!
“Can Analysts Analyze Mergers?” (with Mengxing Zhao and Julie L. Zhu.) Management Science, April 2014, Vol. 60, No. 4, pp 959-979. DOWNLOAD!
“Bank Earnings Management and Tail Risk during the Financial Crisis” (with Lee Cohen, Marcia Millon Cornett and Alan Marcus). Journal of Money, Credit and Banking, 2014, Vol. 46, No.1, pp 171-197. DOWNLOAD!
“The Performance of Banks Around the Receipt and Repayment of TARP Funds: Over-achievers versus Under-achievers” (with Marcia Millon Cornett and Lei Li). Journal of Banking and Finance, March 2013, Vol. 37, pp. 730-746. DOWNLOAD!
“Liquidity Risk Management and Credit Supply in the Financial Crisis” (with Marcia Millon Cornett, Jaime John McNutt and Philip E. Strahan). Journal of Financial Economics, 2011, Vol. 101, pp. 297-312. DOWNLOAD!
“Effect of Merger Anticipation on Bidder and Target Firm Announcement Period Returns”(with Marcia Millon Cornett, and Basak Tanyeri). The Journal of Corporate Finance, 2011, Vol. 17, pp. 595-611. DOWNLOAD!
“Dividends, Maturity, and Acquisitions: Evidence from a Sample of Bank IPOs” (with Marcia Millon Cornett, Alex Fayman, and Alan J.Marcus). Review of Financial Economics, 2011, Vol. 20 pp. 11-21. DOWNLOAD!
“Relative Sentiment and Stock Returns,” (with Roger M. Edelen and Alan Marcus), Financial Analysts Journal, 2010, Vol. 66, pp. 1-13. DOWNLOAD!
“Determining CEO Compensation Structure,” (with Hamid Mehran and Shariar Khaksari), the International Journal of Finance, 2009, Vol.21, No.1, pp.5006-5038 DOWNLOAD!
“Corporate Governance and Earnings Management at Large U.S. Bank Holding Companies” (with Marcia Millon Cornett, and Jamie John Mc Nutt). Journal of Corporate Finance, 2009, Vol. 15, pp. 412-430. DOWNLOAD!
“Opaque Financial Reports and the Distribution of Stock Returns” (with Alan Marcus and Amy Hutton), Journal of Financial Economics, 2009, Vol. 94, pp. 67-86. DOWNLOAD!
"Aggregate Earnings, Firm-Level Earnings and Expected Stock Returns?" (with Turan G. Bali, and K. Ozgur Demirtas), Journal of Financial and Quantitative Analysis, 2008, Vol. 43, pp. 657-684.DOWNLOAD!
“Performance Differences in Privately-Owned Versus, State-Owned Banks: An International Comparison” (with Marcia Millon Cornett, Lin Guo, Shahriar Khaksari), Journal of Financial Intermediation,2010, Vol. 19, pp. 74-94. DOWNLOAD!
"Corporate Governance and Pay-for-Performance: The Impact of Earnings Management" (with Marcia Millon Cornett, and Alan J. Marcus), Journal of Financial Economics, 2008, Vol. 87, pp. 357-373. DOWNLOAD!
"The Impact of Institutional Ownership on Corporate Operating Performance" (with Marcia Millon Cornett, Alan Marcus, and Anthony Saunders), Journal of Banking and Finance, June 2007, 31, pp 1771-1794. DOWNLOAD!
“Regulation Fair Disclosure and the Market’s Reaction to Analyst Investment Recommendation Changes” (with Atakan Yalcin and Marcia Millon Cornett) Journal of Banking and Finance, March 2007, 31, pp 567-588. DOWNLOAD!
"Performance Changes around Bank Mergers: Revenue Enhancements versus Cost Reductions,” (with Marcia Millon Cornett and Jamie John McNutt), Journal of Money Credit and Banking, 2006, Vol. 38, No. 4, pp. 1013-1050. DOWNLOAD!
"After-Market Performance of Closed-End Funds Invested in International versus Domestic Securities," (with Lena Booth ), Journal of Applied Finance, 2005, pp. 24-34. DOWNLOAD!
"Long-Term Performance of Rival Banks Around Bank Failures," (with Marcia Millon Cornett and Jamie John Mcnutt), Journal of Economics and Business, 2005, Vol 57.pp. 411-432. DOWNLOAD!
“Determinants of Target Capital Structure: The Case of Dual Debt and Equity Issues,” (with Armen and Gayne Hovakimian), Journal of Financial Economics, 2004, Vol.71, No.3, pp. 517-540. DOWNLOAD!
“An Overview of Commercial Banks: Performance, Regulation and Market Value,” (with Marcia Millon Cornett), Review of Financial Economics, 2004, Vol.13, pp. 1-7. DOWNLOAD!
“The Impact of the Manager-Shareholder Conflict on Acquiring Bank Returns,” (with Darius Palia and Marcia Millon Cornett and Gayane Hovakimian), Journal of Banking and Finance, 2003, 27, pp 103-131. DOWNLOAD!
“Board of Directors, Ownership, and Regulation,” (with James Booth and Marcia Cornett), Journal of Banking and Finance, 2002, 26, pp 1973-1996. DOWNLOAD!
"Bank Performance around the Introduction of a Section 20 Subsidiary", (with Marcia Millon Cornett and Evren Ors), Journal of Finance, 2002, Vol. 57, pp. 501-521. DOWNLOAD!
"Stock Price Reaction and Value Relevance of Recognition vs. Disclosure: The Case of Stock-Based Compensation," (with Hassan Espahbodi, Pouran Espahbodi, and Zabih Rezaee),Journal of Accounting and Economics, 2002, 33, pp 343-373. DOWNLOAD!
"Further Evidence on Optimism and Underreaction in Analysts' Forecasts," (with Reza Espahbodi and Amitabh Duagar), Review of Financial Economics, 2001, Vol. 10, pp. 1-21. DOWNLOAD!
"The Differential Impact of Regulations: An Empirical Analysis of the Effects of the FDICIA of 1991," (with Andrew Chen, Marcia Millon Cornett, and Sumon C. Mazumdar), Research in Finance, 1999, Vol. 17, pp.41-64.
"Are Financial Markets Overly Optimistic about the Prospects of Firms That Issue Equity? Evidence from Voluntary versus Involuntary Equity Issuances by Banks," (with Marcia Millon Cornett and Hamid Mehran), Journal of Finance, December 1998, Vol. 53, pp.2139-2159. DOWNLOAD!
"The Impact of Risk-Based Premiums on FDIC-Insured Institutions," (with Marcia Millon Cornett and Hamid Mehran), Journal of Financial Services Research, 1998, Vol. 13:2, pp.153-169. DOWNLOAD!
"The Effect of Bundesbank Discount and Lombard Rate Changes on German Bank Stocks," (with Fred R. Kaen and Heidemarie C. Sherman), Journal of Multinational Financial Management, 1997. Vol. 7, pp. 1-25 (leading article). DOWNLOAD!
"An Investigation of Capital Market Reactions to Pronouncements on Fair Value Accounting," (with Zabihollah Rezaee and Marcia Mellon Cornett), Journal of Accounting and Economics, December 1996, Vol. 22, pp. 119-154. DOWNLOAD!
"Equity Price Reaction to the Pronouncements Related to Accounting for Income Taxes," (with Hassan Espahbodi and Pouran Espahbodi), Accounting Review, October 1995, pp.655-668. DOWNLOAD!
"An Examination of Voluntary Versus Involuntary Security Issuance by Commercial Banks: The Impact of Capital Regulations on Common Stock Returns," (with Marcia Millon Cornett), Journal of Financial Economics, 1994, Vol. 35, pp.99-122. DOWNLOAD!
"Changes in Corporate Performance Associated with Bank Acquisitions," (with Marcia Millon Cornett), Journal of Financial Economics, 1992, Vol. 31, pp.211-234. DOWNLOAD!
"The Impact on Equity Prices of Pronouncements Related to Nonpension Postretirement Benefits," (with Hassan Espahlodi and Elizabeth Strock), Journal of Accounting and Economics, Vol. 14, 1991, pp. 323-346. DOWNLOAD!
"Information Effects in Financial Distress: The Case of Seabrook Station," (with Fred R. Kaen), Journal of Financial Economics, 1990, pp. 143-171. DOWNLOAD!
"An Examination of the Impact of the Gar-St. Germain Depository Institutions Act of 1982 on Commercial Banks and Savings and Loans," (with Marcia Millon Cornett), Journal of Finance, March 1990, pp. 95-111. DOWNLOAD!
"Stock Market Reaction to the Depository Institutions Deregulation and Monetary Control Act of 1980," (with Marcia Millon), Journal of Banking and Finance 13, 1989, pp. 81-100. DOWNLOAD!
"Stock Market Reactions to FAS33 and the Preceding Exposure Drafts," (with Reza Espahbodi), Contemporary Accounting Research, Spring 1989, pp. 575-591. DOWNLOAD!
"Predicting Stock Price Responses to Tax Policy Changes," (with Thomas Downs), American Economic Review, December 1988, pp. 1118-1130. DOWNLOAD!
"Stock Market Reaction to Motor Carrier Regulatory Reform," (with Ed Bruning), International Journal of Transport Economics, February 1988, pp. 7-27. DOWNLOAD!
"An Empirical Analysis of Insured Portfolio Strategies Using Listed Options," (with Gary L. Trennepohl and James R. Booth), Journal of Financial Research, Spring 1988, pp. 1-12. DOWNLOAD!
"Management Compensation Contracts and Merger-Induced Abnormal Returns," (with Nickolaos Travlos and James Waegelein), Journal of Accounting Research, Vol 25, Supplement, 1987, pp. 51-76. DOWNLOAD!
"The Determinants of Scalped Ticket Prices," (with Terrence F. Martell), Northeast Journal of Business and Economics, Fall/Winter 1987-88, pp. 33-43. DOWNLOAD!
"The Effect of Long-term Performance Plans on Corporate Sell-Off Induced Abnormal Returns," (with Nickolaos Travlos and James Waegelein), Journal of Finance, September 1987, pp. 933-942.DOWNLOAD!
"Short-term Bonus Plan Adoption and Stock Market Performance: Proxy and Industry Effects: A Note," (with James Waegelein), University of Kansas, Financial Review, May 1986, pp. 345-353.DOWNLOAD!
"An Algorithm for Nth Degree Stochastic Dominance," (with William Jean and Billy Helms), Applied Stochastic Model and Data Analysis, Volume 1 1986, pp. 71-81. DOWNLOAD!
"An Alternative Description of the Stochastic Process Generating Security Returns," (with Hassan and Pouran Espahbodi), Journal of American Statistics Association, 1986, pp. 589-594.
"Market Reaction to Short-term Executive Compensation Plan Adoption," (with James Waegelein), Journal of Accounting and Economics, Vol. 7, 1985, pp. 131-144. DOWNLOAD!
"Efficiency Analysis and Options Portfolio Selections," (with Gary Trennepohl and James Booth), Journal of Financial and Quantitative Analysis, December 1985, pp. 435-450. DOWNLOAD!
"Deregulation and Investor Perception of Motor Carrier Securities," (with Ed Bruning), The Logistics and Transportation Review, Volume 20-2, 1984, pp. 165-186. DOWNLOAD!
"An Empirical Comparison of Stochastic Dominance Among Lognormal Prospects," (with Billy Helms), Journal of Financial and Quantitative Analysis, June 1982, pp. 217-226. DOWNLOAD!
"Empirical Studies in Portfolio Performance Using Higher Degrees of Stochastic Dominance," Journal of Finance, March 1980, pp. 159-171. DOWNLOAD!
"New Hampshire Bank Mergers: The Returns to Acquiring Bank Shareholders," (with Fred R. Kaen). In Bank Mergers: Current Issues and Perspectives, Kluwer Press, August 1989, Ch. 7, pp. 144-155.DOWNLOAD!
“Distribution of Gold Price Changes and the Performance of Gold During Increasing and Decreasing Inflationary Periods: A Stochastic Dominance Approach,” (with Terrence F. Martell), Boston College Working Paper, 1987. DOWNLOAD!
“Distribution of Bond Price Changes and Alternative Portfolio Strategies,” (with Billy Helms, Nick Travlos and George Handjinicolaou), Boston College Working Paper, 1986. DOWNLOAD!