Organizations are intricate entities characterized by a multitude of stakeholders, each harboring distinct, and often conflicting, interests. For example, corporate executives, tasked with wealth generation, navigate a landscape shaped not only by their quest for personal financial gain but also by a variety of behavioral preferences. The management of these divergent interests, with the aim of maximizing wealth creation, presents a complex challenge. This complexity is further compounded by the ways in which the incentives of different organizational stakeholders are aligned, which significantly impacts a firm's capacity for wealth generation. For instance, organizational structures that prioritize efficiency and the reduction of waste may inadvertently hinder innovation—a critical component of organizational success, yet notoriously difficult to foster.
The exploration of optimal organizational structuring, incentive alignment among various organizational actors, and the management of interactions with external capital markets to drive success captivates my research interest. These intricate dynamics pose questions and challenges that intersect with multiple disciplines, including finance, accounting, and management. My research is deeply influenced by these fields, striving to offer insights and hopefully at least modestly contributes to our understanding of them.
Below are my research outputs, including publications in academic journals and media mentions:
Publications:
The Bright Side of Foreign Competition: Import Penetration and Default Risk Critical Finance Review, forthcoming (with Atawnah, N; Baghdadi, G; Duong, H)
In The Mood For Creativity: Sunshine-Induced Mood, Inventor Performance, and Firm Value Journal of Empirical Finance (2024) 78, 101527 (with Chen, Y; Hsu, P.H; Veeraraghavan, M).
CEO Risk-Seeking and Corporate Tax Avoidance: Evidence from Pilot CEOs Journal of Corporate Finance, (2022) 76, 102282 (with Baghdadi, G; Veeraraghavan, M).
Emotions and Managerial Judgement: Evidence from Sunshine Exposure The Accounting Review (2022) 97, 179-203 (with Chen, C; Chen, Y; Pittman, J; Veerarghavan, M).
Board Co-option and Default Risk Journal of Corporate Finance (2020) 64, 101703 (with Baghdadi, G; Nguyen, L).
Does Exposure to Foreign Competition Affect Stock Liquidity? Evidence from Industry-Level Data Journal of Financial Markets (2018) 31, 44-67 (with Atawnah, A; Balachandran, B; Duong, H).
Skill of Effort? Institutional Ownership and Managerial Efficiency Journal of Banking and Finance (2018) 91, 19-33 (with Baghdadi, G; Nguyen, L).
Do progressive social norms affect economic outcomes? Evidence from corporate takeovers Journal of Empirical Finance (2017) 41, 76-95 (with Chen, YY; Rhee, G; and Veeraraghavan, M).
National culture and corporate innovation Pacific-Basin Finance Journal (2017) 43, 173-187 (with Chen, YY; and Veeraraghavan, M).
Be nice to your innovators: Employee treatment and corporate innovative performance Journal of Corporate Finance (2016) 39, 78-98 (with Chen, C; Chen, Y; and Hsu, P).
Do corporate policies follow a life-cycle? Journal of Banking and Finance (2016) 69, 95-107 (with Faff, R; Kwok, K; and Wong, G).
Cash holdings and bond returns around takeovers, International Review of Financial Analysis (2016) 46, 1-11 (with Truong, C; and Veeraraghavan, M).
Does managerial ability facilitate corporate innovative success? Journal of Empirical Finance (2015) 34, 313-326 (with Chen, YY; and Veeraraghavan, M).
Local gambling preferences and corporate innovative success Journal of Financial and Quantitative Analysis (2014) 49, 77-106 (with Chen, YY; Rhee, G; and Veeraraghavan, M).
Informed options trading prior to takeovers – Does the regulatory environment matter? Journal of International Financial Markets, Institutions and Money (2013) 27, 286-305 (with Truong, C and Veeraraghavan, M).
Regulating synthetic securitization following the global financial crisis Australian Economic Review (2012) 45, 14-28.
Media mentions:
Imaginary invoices are hard to collect, in Bloomberg
Does exposure to more sunshine affect managers' decisions?, in Forbes
Disaster payments for Melbourne, and how sunshine affects corporate decision making, in ABC Radio National
Want an innovative culture? Be kind to your creative thinkers, in Strategy + Business
When treating workers well leads to more innovation, in Harvard Business Review
Board conflict can lead to better outcomes, in Money Management
Get some sun, in The Australian