Research
Publications:
"Ownership Structure, Incentives, and Asset Returns" (with Ajay Subramanian and Qi Zeng), Management Science 2024, 70 (1): 589 -615 (SSRN link)
European Finance Association (EFA) Annual Meeting, Oslo, Norway, August 2016
Western Finance Association (WFA) Annual Meeting, Park City, USA, June 2016
"Search, Product Market Competition and CEO Pay" (with Ajay Subramanian), 2021, Journal of Corporate Finance 69, 101981 (SSRN link)
"Watch Your Basket - to Determine CEO Compensation" (with Neal Galpin, Lyndon Moore, and Ekaterina Volkova), 2019, Financial Management 48 (3): 945-971 (SSRN link)
"CEO Talent, CEO Compensation and Product Market Competition" (with Ajay Subramanian), 2017, Journal of Financial Economics 125 (1): 48-71 (SSRN link) [Online Appendix]
Western Finance Association (WFA) Annual Meeting, Las Vegas, USA, June 2012
Singapore International Conference on Finance (SICF), Singapore, July 2012 (Winner of Best Paper Award)
"Capital Structure under Heterogeneous Beliefs" (with Ajay Subramanian), 2014, Review of Finance 18 (5): 1617-1681 (Lead article) (SSRN link)
Western Finance Association (WFA) Annual Meeting, Victoria, Canada, June 2010
Working Papers:
"Appointing Charity Directors in Response to ESG Incidents" (with Marina Gertsberg and Yuyang Zhang) (SSRN link)
"Capital Structure Under Imperfect Product Market Competition: Theory and Evidence" (with Dalida Kadyrzhanova and Ajay Subramanian) (SSRN link)
Western Finance Association (WFA) Annual Meeting, June 2021
"Technological Knowledge and Corporate Governance" (with Dalida Kadyrzhanova and Muhan Hu), R&R at Review of Corporate Finance Studies (SSRN link)
"Asset Pricing with Restricted Assets: The case of the Victorian Trustee" (with Neal Galpin and Lyndon Moore)
"Product Market Competition and Corporate Demand for Insurance" (with Zhiyong Liu and Jeungbo Shim)
"Leverage Dynamics under Segmented Equity and Debt Markets" (with Jin Yu and Qi Zeng)
"Product and Price Competition in a Cross City Model" (with S. Hun Seog)