Research

• 2021. Disclosure law and External Audit Demand: Evidence from Latin America. Under Review

This article relies on difference-in-differences to empirically identify the effect of disclosure law changes on external audit demand by private firms in Latin America. Results indicate stronger disclosure law reduces the probability of external audit choice in medium-sized treated firms relative to their untreated counterparts. This supports agency theory's prediction that disclosure law and audit choice are substitutes. The findings imply public policy in the region influences information asymmetry in medium-sized firms. Unintended consequences may occur if principals in these firms do not rely on the law to enforce disclosure standards.

• 2017. Legal jurisdiction, director liability law, and venture capital equity stakes in Africa. Research in International Business and Finance 40 (April), 78-93.

• 2016. Creditor protection law effects on venture capital investment in Africa: Country-level evidence. The Journal of Private Equity 19 (Summer), no. 3: 37-50

• (with G. Homaifar and K. Zhao). 2013. The long-run relationship between stock return dispersion and output. Applied Economics 45 (March), issue 7: 943-952.