Working Papers
Go with the Flow: Debt Structure CHanges and Real Implications (with Chuck Fang)
Pricing Discipline for Non-Price Loan Terms (with Adam Badawi and Vincent Buccola)
The Role of External Capital in Funding Cash Flow Shocks: Evidence From the COVID-19 Pandemic (with Edie Hotchkiss and David Smith)
Published Papers
Losing Control? The 20-Year Decline in Loan Covenant Violations (with Tom Griffin and David Smith)
Journal of Finance, forthcoming
The Loan Market Response to Dropdown and Uptier Transactions (with Vincent Buccola)
Journal of Legal Studies, 53, June 2024.
Creditor Control of Corporate Acquisitions (with Tom Griffin and David Becher)
Review of Financial Studies, 35(4) 1897-1932, April 2022
Harvard Law School Forum on Corporate Governance and Financial Regulation
Concentration of Control Rights in Leveraged Loan Syndicates (with Mitchell Berlin and Edison Yu)
Journal of Financial Economics, 137(1) 249-271, July 2020
Insurance Covenants in Corporate Credit Agreements
Journal of Risk and Insurance, 87(1) 95-115, March 2020
Notes on Bonds: Illiquidity Feedback During the Financial Crisis (with David Musto and Krista Schwarz)
Review of Financial Studies, 31(8) 3983-3018, August 2018
Customer Risk and Corporate Financial Policy: Evidence from Receivables Securitization (with Laura Liu and Mike Qinghao Mao)
Journal of Corporate Finance, 50 453-467, June 2018
External Financing in the Life Insurance Industry: Evidence from the Financial Crisis (with Thomas Berry-Stolze and Sabine Wende)
Journal of Risk and Insurance, 81(3) 529-562, September 2014
Securitization and capital structure in nonfinancial firms: An empirical investigation (with Michael Lemmon, Laura Liu, and Mike Qinghao Mao)
Journal of Finance, 69(4) 1787-1825, August 2014
Do Insurance Companies Possess an Informational Monopoly? Empirical Evidence From Auto Insurance (with Paul Kofman)
Journal of Risk and Insurance, 80(4) 1001-1026, December 2013
Creditor Control Rights, Corporate Governance, and Firm Value (with David Smith and Amir Sufi)
Review of Financial Studies, 25(6) 1713-1761, 2012
Creditor Control Rights and Firm Investment Policy (with David Smith and Amir Sufi)
Journal of Financial Economics, 92(3) 400-420, 2009
Is the Corporate Loan Market Globally Integrated? A Pricing Puzzle (with Mark Carey)
Journal of Finance, 62(6) 2969-3007, 2007
Optimal Capital Utilization by Financial Firms: Evidence from the Property-Liability Insurance Industry (with David Cummins)
Journal of Financial Services Research, 21(1-2), February 2002, 15-53
Other Publications
"Leveraged Finance" (with David Smith)
in Handbook of Corporate Finance, edited by David Denis, Edward Elgar Publishing, 2024.
"Some Facts and Figures on Secured Lending" (with David Smith)
2013 Loan Market Chronicle, Loan Syndication and Trading Association, pp. 79-82.
Book review of Handbook of International Insurance: Between Global Dynamics and Local Contingencies, Edited by David Cummins and Bertrand Venard
Journal of Pension Economics and Finance (2008:7 372-374) .
"Asymmetric Learning in Insurance Markets" (with Paul Kofman)
in Competitive Failures in Insurance Markets, Theory and Policy Implications, edited by Pierre-Andre Chiappori and Christian Gollier, MIT Press, 2006.
Accounting Standards and Information: Inferences from Cross-Listed Financial Firms (with John Ammer and Nathanael Clinton)
International Finance Discussion Paper Number 843, October 2005.
International Finance Discussion Paper Number 820, September 2004.