Value-based CEO equity grants, with Pengfei Ye and Cheng Zhang, Journal of Financial and Quantitative Analysis, forthcoming.
Paying by donating: Corporate donations affiliated with independent directors, with Ye Cai and Jun Yang, Review of Financial Studies, 34(2), February 2021, pages 618-660.
Taxes, capital structure choices, and equity value, with Mara Faccio, Journal of Financial and Quantitative Analysis, 53(3), June 2018 , pages 967-995. Lead article. William F. Sharpe Best Paper Award (co-winner).
Golden hellos: Signing bonuses for new top executives, with Jun Yang, Journal of Financial Economics 122(1), October 2016, pages 175-195.
Taxes and capital structure, with Mara Faccio, Journal of Financial and Quantitative Analysis 50(3), June 2015, pages 277-300. Lead article. William F. Sharpe Best Paper Award.
Insider trading restrictions and top executive compensation, with David Denis, Journal of Accounting and Economics 56(1), July 2013, pages 91-112.
How do ex-ante severance pay contracts fit into optimal executive incentive schemes?, with Raghu Rau, Journal of Accounting Research 51(3), June 2013, pages 631-671.
Profitability and capital structure: Evidence from import penetration, Journal of Financial Economics 106(2), November 2012, pages 427-446.