Publications
How to Motivate Fundamental Innovation: Optimal Interactions between Entrepreneurs, Venture Capitalists, and the Government (with Thomas J. Chemmanur and Mark H. Liu), Management Science, accepted in May 2025, Forthcoming.
Trademarks and Entrepreneurial Firm Success: Theory and Evidence from Venture Capital Investments in Private Firms (with Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian, and Qianqian Yu), Entrepreneurship Theory and Practice, May 2025, 49(3), 846-882. https://doi.org/10.1177/10422587241300438
Litigation and Information Effects on Private Sales of Securities (with Ioannis Floros, Yini Liu, and Juan Mao), Journal of Corporate Finance, October 2024, 88, 102628. https://doi.org/10.1016/j.jcorpfin.2024.102628
The Impact of Social Media on Venture Capital Financing: Evidence from Twitter Interactions (with Emre Kesici), Review of Quantitative Finance and Accounting, 2024, 62, 195-224. https://doi.org/10.1007/s11156-023-01199-4
Shareholder Litigation and Short Selling ahead of Private Equity Placements (with Yini Liu and Juan Mao), Financial Review, November 2023, 58, 833–858. https://doi.org/10.1111/fire.12347
A Model of the Editorial Process in Academic Journals (with Thomas J. Chemmanur), Research Policy, November 2021, 50(9), 104339. https://doi.org/10.1016/j.respol.2021.104339
Dividends versus Stock Repurchases and Long-Run Stock Returns under Heterogeneous Beliefs (with Thomas J. Chemmanur and Mark H. Liu). Review of Corporate Finance Studies, September 2021, 10(3), 578-632. https://doi.org/10.1093/rcfs/cfab012
Heterogeneity in the Information Content of 8-K Disclosures about Private Targets: Acquirer Size and Target Significance (with Sougata Das and Emre Kesici), Global Finance Journal, May 2021, 48, 100559. https://doi.org/10.1016/j.gfj.2020.100559
How Reverse Merger Firms Raise Capital in PIPEs: Search Costs and Placement Agent Reputation (with Yini Liu and Juan Mao), Review of Quantitative Finance and Accounting, January 2021, 56 (1), 143-184. https://doi.org/10.1007/s11156-020-00889-7
Private Company Valuation (with Yini Liu), in Equity Markets, Valuation, and Analysis, John Wiley & Sons, Inc., 2020, Chapter 14, pp. 215-228.
Peer Monitoring, Syndication, and the Dynamics of Venture Capitalist Interactions: Theory and Evidence (with Thomas J. Chemmanur and Xuan Tian), Journal of Financial and Quantitative Analysis, September 2020 , 55(6), 1875-1914. https://doi.org/10.1017/S0022109019000218
Corporate Governance, Tax Avoidance, and Financial Constraints (with Fariz Huseynov and Sabuhi Sardarli), Financial Management, September 2018, 47 (3), 651-677. https://doi.org/10.1111/fima.12208
A Theory of Capital Structure, Price Impact, and Long-Run Stock Returns under Heterogeneous Beliefs (with Thomas J. Chemmanur and Mark H. Liu), Review of Corporate Finance Studies, September 2015, 4 (2), 258-320. https://doi.org/10.1093/rcfs/cfv004
Liquidity Provision in a Limit Order Book without Adverse Selection, Journal of Economics and Business, March-April 2013, 66, 98-124. https://doi.org/10.1016/j.jeconbus.2013.01.001
What Drives the Valuation Premium in IPOs versus Acquisitions? An Empirical Analysis (with Thomas J. Chemmanur), Journal of Corporate Finance, June 2012, 18 (3), 451-475. https://doi.org/10.1016/j.jcorpfin.2012.01.007
IPOs versus Acquisitions and the Valuation Premium Puzzle: A Theory of Exit Choice by Entrepreneurs and Venture Capitalists (with Thomas J. Chemmanur), Journal of Financial and Quantitative Analysis , December 2011, 46 (6), 1755-1793. https://doi.org/10.1017/S0022109011000408
A Theory of Equity Carve-Outs and Negative Stub Values under Heterogeneous Beliefs (with Thomas J. Chemmanur and Mark H. Liu), Journal of Financial Economics, June 2011, 100 (3), 616-638. https://doi.org/10.1016/j.jfineco.2011.02.017
Going Private and Leveraged Buyouts, in The Art of Capital Restructuring: Creating Shareholder Value through Mergers and Acquisitions, John Wiley & Sons, Inc., June 2011, Chapter 23, pp. 419-435.
Modeling Probability Distributions from Data and Its Influence on Simulation (with Wolfgang Hörmann), in I. Troch and F. Breitenecker (eds.), Proceedings IMACS Symposium on Mathematical Modeling, Argesim Report No. 15, pp. 429-435 (2000).