Research
Papers under review:
“Search and Pricing in Security Issues Markets: Theory and Evidence”, Co-authors: Vladimir A. Gatchev, Ajai K. Singh and Qinghai Wang
“Premium PIPEs: Share Issuances that Exceed the Market Price”, Co-author: Leonce Bargeron
Published/accepted papers:
"Redaction as cross-regulatory disclosure avoidance", Co-authors: Shane A. Johnson and Wanjia Zhao (Accepted at the Journal of Accounting Research)
“Litigation and information effects on private sales of securities”, Co-authors: Onur Bayar, Yini Liu and Juan Mao (Accepted at the Journal of Corporate Finance)
“Proprietary costs and the equity financing choice”, Co-authors: Shiva Sivaramakrishnan and Rustam Zufarov (Review of Accounting Studies, 29 (2024), 1276–1319)
“The certification role of insider participation in private placement transactions” Co-authors: Nandu J. Nagarajan and Shiva Sivaramakrishnan (Review of Quantitative Finance and Accounting, 54 (2020), 1417-1447)
“U.S. exchange upgrades: Reducing uncertainty through a two-stage IPO” Co-authors: Rebel A. Cole and Vladimir I. Ivanov (Journal of Financial Intermediation, 38 (2019), 45-57)
"At-The-Market offerings" Co-authors: Jon A. Garfinkel and Matthew T. Billett (Journal of Financial and Quantitative Analysis, 54 (2019), 1263-1283)
“Qualified residential mortgages and default risk” Co-author: Joshua T. White (Journal of Banking and Finance, 70 (2016), 86-104)
“Redacting information at the Initial Public Offering” Co-authors: Audra L. Boone and Shane A. Johnson (Journal of Financial Economics, 120 (2016), 102-123) Featured in the Harvard Law School Forum of Corporate Governance and Financial Regulation
“The influence of investor identity and contract terms on firm value: Evidence from PIPEs” Co-authors: Matthew T. Billett and Redouane Elkamhi (Journal of Financial Intermediation, 24 (2015), 564-589)
"Why do so many firms issue private equity repeatedly? On the information content of repeated PIPE offerings" Co-author: Travis R.A. Sapp (Journal of Banking and Finance, 36 (2012), 3469-3481)
“Private equity and real firm activity: Evidence from PIPEs” Co-author: Jamie R. Brown (Journal of Corporate Finance 18 (2012), 151–165)
"Characterizing the risk of IPO initial returns: The impact of momentum, liquidity, skewness, and investment" Co-authors: Rick Carter, Rick Dark, and Travis R. A. Sapp (Financial Management, Winter 2011, 1067-1086)
“Shell games: On the stock price performance of shell companies” Co-author: Travis R. A. Sapp (Journal of Corporate Finance, 17 (2011) 850–867)
Working papers:
“Interfirm collaboration, ownership stakes, and incomplete contracts: Evidence from the pharmaceutical industry”, Co-authors: Matthew T. Billett and Xuan Tian
"Corporate PIPEs and the boundaries of the firm: Evidence from innovation", Co-authors: Matthew T. Billett and Xuan Tian
“Non-underwritten placements and their agents”, Co-authors: Siyuan Fan, Leonardo Madureira and Ajai K. Singh
“Walking the line between reducing information asymmetry and protecting proprietary information: the provision and attributes of management forecasts by newly public firms”, Co-authors: Mei Feng, Shane A. Johnson and Zhejia Ling
Work-in-progress:
"Signaling in pharma: Evidence from insider trading activity", Co-authors: Matthew T. Billett and Richard T. Thakor
"Media attention and pricing in SPACs", Co-authors: Michael Farrell, Vladimir I. Ivanov and Ann Sherman
“Textually-analyzed information environment in privately-placed securities”, Co-authors: Panayiotis Andreou and Yini Liu
“OTC markets and liquidity: Evidence from PIPEs”, Co-authors: John Huck and Vladimir I. Ivanov
Invited book chapters and other publications:
“Information absorption in stocks with short-selling constraints”, Co-authors: Ajai K. Singh and Katsushi Suzuki (Revise-and-resubmit at the Journal of Financial Research)
“Lower visibility platforms serving as stepping stones to national stock exchanges”, Co-author: Joseph J. Cecala, Chapter 9, for the Handbook of IPOs, edited by Douglas Cumming and Sofia Johan, Oxford University Press, forthcoming