Research

Published and accepted papers

Measuring vaccine effectiveness from limited public health datasets: Framework and estimates from India’s second COVID-19 wave (with Abhiroop Mukherjee, George Panayotov, Harsha Dutta, and Pulak Ghosh), 2022, Science Advances, Accepted.

Inside brokers (with Weikai Li and Abhiroop Mukherjee), 2021, Journal of Financial Economics, 141(3), 1096-1118. Presented at American Finance Association Meeting 2018, Indian School of Business Conference 2018, CICF 2017, FIRS 2017, FiRN Conference 2017, EFA 2016, ABFER 2016.

Eyes on the prize: Do industry tournament incentives shape the structure of executive compensation? (with Emdad Islam, Lubna Rahman, and Jason Zein), 2021, Journal of Financial and Quantitative Analysis, Forthcoming.

Discipline or disruption: Stakeholder relationships and the effect of takeover threat (with Ling Cen and Sudipto Dasgupta), 2016, Management Science, 62(10), 2820-2841. Presented at the Western Finance Association 2010 and Asian Finance Association 2010 conferences. Winner of Best Paper Award at the Northern Finance Association 2010 conference.

Stocking up: Executive optimism, option exercise, and share retention (with Robert Tumarkin), 2015, Journal of Financial Economics, 118(2), 399-430. Presented at the American Finance Association 2010 and Financial Intermediation Research Society 2010 conferences. (Data on ShareRetainer, the optimism indicator introduced in this paper, is available here)

Do non-executive employees have information? Evidence from employee stock purchase plans (with Ilona Babenko), 2016, Management Science, 62(7), 1843 - 2147. Presented at the American Finance Association 2011 and IDC Herzliya 2011 conferences. (Employee Stock Purchase Plan data used in this paper is available here)

Money left on the table: An analysis of participation in employee stock purchase plans (with Ilona Babenko), 2014, Review of Financial Studies, 27(12), 3658-3698. Presented at the Financial Intermediation Research Society 2014 conference. (The Employee Stock Purchase Plan data used in this paper is available here)

Working Papers

Regulating CEO pay: Evidence from the Nonprofit Revitalization Act (with Ilona Babenko and Benjamin Bennett). Presented at the National Tax Association 2021, Financial Research Network 2021, and China International Conference in Finance 2021. To be presented at the Western Finance Association 2022 conference.

Management (of) proposals (with Ilona Babenko and Goeun Choi). Presented at American Finance Association Meeting 2019, FIRS Conference 2019, Adam Smith Workshop 2019, ABFER Conference 2019, Minnesota Corporate Finance Conference 2018, University of Alberta Finance Conference 2018, CICF Conference 2018, FiRN Conference 2018, Indian School of Business Conference 2018.

Regulation-induced CSR (with Vidhi Chhaochharia and Jing Xu). Presented at ABFER 2021. (Updated draft coming soon!)

The returns to Springloading.

Work in Progress

Getting away with merger (with Zonghe Guo, Breno Schmidt, and Robert Tumarkin).

How much does ease of collaboration matter for innovation? (with Ruchi Singh).