Selected Working papers (* indicates presentation by coauthor)
SSRN page: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=455621
Maturity Overhang: Evidence from M&A, joint with Dirk Hackbarth (Boston), Jarrad Harford (Washington) and Yuxin Luo (Boston)
-- Provide empirical evidence and theoretical support for the maturity overhang problem that is due to shorter debt maturities creating higher rollover risk.
-- Conferences: American Finance Association annual meetings*, Midwest Finance Association annual meetings, Financial Intermediation Research Society annual meetings, Asian FA, China International Conference in Finance, SFS Cavalcade AP, Spring Finance Workshop *, and Xiamen University (School of Economics).
Sowing Public Seeds, Reaping Private Blooms: A Q-theoretical Approach to Government Investment, joint with Ran Duchin (BC) and Daniel Kim (Waterloo). new!
-- Conferences: Northern Finance Association annual meetings, PHBS-CUHKSZ Economics and Finance Workshop, and SGF conference (scheduled).
Bargaining Power, Business Cycle and Levered Equity Risk, joint with Ilya A. Strebulaev (Stanford).
-- Develop and test an agency-based contingent claims model that features debt renegotiation for cross-sectional stock returns. The model performs well for portfolios formed on financial leverage, book-to-market equity, and asset growth.
-- Conferences: American Finance Association Annual Meetings (Philadelphia), European Finance Association Annual Meetings (Cambridge, UK), Sonoran Winter Finance Conference (Arizona State University).