Research Overview

Research Interests:

• • Corporate finance, corporate governance, executive turnover, equity issues, boards of directors, regulation, board diversity quotas.

Publications:

• • “Do board gender quotas affect firm value? Evidence from California Senate Bill No. 826,” with Daniel Greene and Kathleen M. Kahle, Journal of Corporate Finance, Vol. 60, 101526, 2020.

    • • Summarized in Cato Institute Research Briefs in Economic Policy, No. 216, May 27, 2020.

  • “CEO turnover, information uncertainty, and debt contracting,” with Saiying Deng and Andrew Zhang, Quarterly Journal of Finance, Vol. 9, 1950001, 2019.

  • “Director connectedness: Monitoring efficacy and career prospects,” with Kathleen M. Kahle and Wanli Zhao, Journal of Financial and Quantitative Analysis, Vol. 53, 2018, pg. 65-108.

  • "CEO turnovers and disruptions in customer-supplier relationships," with Matthew A. Serfling and Sarah Shaikh, Journal of Financial and Quantitative Analysis, Vol. 52, 2017, pg. 2565-2610.

  • “Cash holdings and CEO turnover,” with Kathleen M. Kahle, Quarterly Journal of Finance, Vol 6, 1650022, 2016.

  • “An examination of non-government assisted US commercial bank mergers during the financial crisis,” with Jessica Dunn and Jamie John McNutt, Journal of Economics and Business, Vol. 77, 2015, pg 16-41.

  • “The effect of demand for shares on the timing and underpricing of seasoned equity offers,” with Shrikant P. Jategaonkar and Kathleen M. Kahle, Financial Management, Vol. 43, No. 1, 2014, pg. 61-86.

  • “The impact of CEO turnover on firm performance around interim successions,” with Wallace N. Davidson III and Andrew Zhang, Journal of Management and Governance, Vol. 18, No. 2, 2014, pg. 541-587.

  • “The effects of succession choice surrounding CEO turnover announcements: Evidence from marathon successions,” Financial Management, Vol. 42, No. 1, 2013, pg. 211-238.

  • “Voting with their feet or activism? Institutional investors’ impact on CEOturnover,” with Jean Helwege and Andrew Zhang, Journal of Corporate Finance, Vol. 18, 2012, pg. 22-37.

  • “Seasoned equity offers: The effect of inside ownership and float,” with Kathleen M. Kahle, Financial Management, Vol. 39, No. 4, 2010, pg. 1575-1599.

Selected Working Papers:

• • “How deep is the labor market for female directors? Evidence from mandated director appointments,” with Daniel Greene and Kathleen M. Kahle.

  • “Director connectedness and advising quality: The role of inside and outside directors,” with Kathleen M. Kahle and Wanli Zhao.

  • "Social networks and reputation incentives: Does directorship prestige influence director effort?" with Moursli M. Reda.

  • "CEO inside debt and product market recalls" with Shweta Srinivasan.

  • “Board connectedness and board effectiveness,” with Kathleen M. Kahle and Wanli Zhao.