Published Papers

Refereed Publications

1.  “The Saliency of the CEO Pay Ratio” with Austin Starkweather and Joshua White, 2024, Review of Finance 28, 1059-1104. 

2. “Shareholder Litigation and the Information Environment: Revisiting Evidence from Two Natural Experiment” with Eliezer Fich and Thomas Griffin, 2023, Journal of Corporate Finance, 82, 102444.

3. “The Role of Internal  M&A Teams in Takeovers” with Nihat Aktas, Alexander Witkowski, Guosong Xu, and Burcin Yurtoglu, 2021, Review of Finance, 25, 1047-1088.

4. “Reductions in CEO Career Horizons and Corporate Policies” with Nihat Aktas, Ettore Croci, and Andrea Signori, 2021, Journal of Corporate Finance, 66, Article 101862.

5. “Ongoing SEC Disclosures by Foreign Firms” with Kathryn Schumann and Joshua White, 2021, The Accounting Review, 96, 91-120. 

6. “Reputational Concerns and the Market for Corporate Control” with Vahap Uysal, 2020,  Journal of Corporate Finance, 61, Article 101399.

7. “Merger Negotiations in the Shadow of Judicial Appraisal" with Brian Broughman and Antonio Macias, 2019, Journal of Law and Economics, 62, 281-319. [Internet Appendix for Paper]

8. “Shareholder Decision Rights in Acquisitions: Evidence from Mergers versus Tender Offers" with Brian Broughman and Antonio Macias, 2018, Journal of Corporate Finance, 53, 225-245. [Internet Appendix for Paper]

9. "Who Monitors the Monitor? The Use of Special Committees by Target Firms in Corporate Takeovers" with Harold Mulherin, 2017, Journal of Corporate Finance, 44, 388‐404.

10. “Redacting Proprietary Information at the IPO” with Ioannis Floros and Shane Johnson, 2016, Journal of Financial Economics, 120 (1), 102-123.

11. “The Effect of Institutional Ownership on Firm Transparency and Information Production” with Joshua White, 2015, Journal of Financial Economics, 117 (3), 508-533.

12. “Time Trends and Determinants of the Method of Payment in M&As" with Erik Lie and Yixin Liu, 2014, Journal of Corporate Finance, 27, 296-304.

13. “Bankruptcy Spillover Effects on Strategic Alliance Partners” with Vladimir Ivanov, Journal of Financial Economics, 2012, 103 (3), 551-569.

14. “Do Private Equity Consortiums Facilitate Collusion in Takeover Bidding?” with Harold Mulherin, Journal of Corporate Finance, 2011, 17 (5), 1475-1495.

15. “Is There Shareholder Expropriation in the U.S.? An Analysis of Publicly-Traded Subsidiaries” with Vladimir Atanasov and David Haushalter, Journal of Financial and Quantitative Analysis, 2010, 45 (1), 1-26.

16. “Do Auctions Induce a Winner’s Curse? New Evidence from the Corporate Takeover Market” with Harold Mulherin, Journal of Financial Economics, 2008, 89 (1), 1-19. Reprinted in Corporate Takeovers: Modern Empirical Developments edited by Espen Eckbo.

17. “The Determinants of Corporate Board Size and Composition: An Empirical Analysis” with Laura Field, Jonathan Karpoff, and Charu Raheja, Journal of Financial Economics, 2007, 85 (1), 65-101.

18. “How Are Firms Sold?” with Harold Mulherin, Journal of Finance, 2007, 62 (2), 847-875.

19. “Do Termination Provisions Truncate the Takeover Bidding Process?” with Harold Mulherin, Review of Financial Studies, 2007, 20 (2), 461-489.

20. “An Investigation of the Gains from Specialized Equity Claims” with David Haushalter and Wayne Mikkelson, Financial Management, 2003, Volume 32 (3), 5-21.

21. “Comparing Acquisitions and Divestitures” with Harold Mulherin, Journal of Corporate Finance, 2000, 6 (2), 117-139. Reprinted in Mergers and Corporate Governance edited by Harold Mulherin and in Corporate Restructuring edited by John McConnell and David Denis.  Reprinted in CFA Digest, 2001, Vol 31, No. 1.

Other Publications

22. “The Private Deal Process in Mergers and Acquisitions” with Nihat Aktas, 2022, forthcoming in the Handbook of Corporate Finance, edited by David Denis and published by Edward Elgar Publishing

23. “Do Appraisal Challenges Benefit Target Shareholders Through Narrowing Arbitrage Spread? – A Reply” with Brian Broughman and Antonio Macias, 2020, Journal of Law and Economics, 2020, 63 (4), 817-820.

24. “Is There One Best Way to Sell a Company? Auctions versus Negotiations and Controlled Sales” with Harold Mulherin, Journal of Applied Corporate Finance, 2009, 21 (3), 28-38.