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Research

Publications

  1. Gender Quotas and Bank Risk (with Gilberto Loureiro and Alvaro Tabaoda), 2022, Journal of Financial Intermediation v52, 100998. [Outstanding paper award at the 2019 SFA meetings]
  2. “The Diverse Effects of Currency Crisis on Multinational Firms and Local Firms: The Use of Foreign Currency Debt” (with Jing Jin and Gilberto Loureiro), Journal of Multinational Financial Management, v62, 100706.
  3. “The Role of Media in Mergers and Acquisitions” (with Xinjie Wang and Ge Wu), 2021, Journal of International Financial Markets, Institutions and Money, v74, 101299.
  4. “The Impact of Investor Sentiment on Dividend Catering Incentives around the World” (with Jinho Byun, Kihun Kim and Carrie Pan), 2021, Journal of International Financial Markets, Institutions and Money, v71, 101285.
  5. “The Theory and Practice of Investor Relations: A Global Perspective” (with G. Andrew Karolyi and Dawoon Kim), 2020, Management Science, Volume 66 (10), 4359-4919. Featured in Faculti
  6. “Corporate Inversions: Going Beyond Tax Incentives” (with Burcin Col and Stefan Zeume), Review of Corporate Finance Studies March 2020, v9 (1), 165-206. Featured in Columbia Blue Skye Blog
  7. “Fire Sale Discount: Evidence from the Sale of Minority Equity Stakes” (with Serdar Dinc and Isil Erel), Journal of Financial Economics, September 2017, Volume 125 (3), 475-490.
  8. “The Joint Determinants of Debt Maturity and Cash Holdings” (with Ivan Brick), Review of Quantitative Finance and Accounting, April 2017, Volume 48 (3), 597-641.
  9.  “State Capitalism’s Global Reach: Evidence from Foreign Acquisitions by State-owned Companies” (with G. Andrew Karolyi),  Journal of Corporate Finance Special Issue on Contracting Issues at the Intersection of the Public and Private Sectors, February 2017, v42, 367-391. Lead Article
  10. “Active Block Investors and Corporate Governance around the World” (With Hugh Kim and Yan Wang), Journal of International Financial Markets, Institutions and Money, November 2015, Volume 39, 181–194.
  11. “Yield Spreads and Real Interest Rates” (with Gady Jacoby and Jonathan Batten), 2014,  International Review of Financial Analysis, July 2014, v34, 89–100
  12. “What Drives Corporate Minority Acquisitions? The Case for Financial Constraints”, Journal of Corporate Finance, June 2014, 26, 78 – 95.
  13.  “Determinants of Cross-border Mergers and Acquisitions” (with Isil Erel and Mike Weisbach), Journal of Finance, June 2012, v67(3), 1045-1082.
  14. “Price Discovery and Sentiment” (with Gady Jacoby), International Review of Financial Analysis, January 2012, v21, 108-118.
  15. “Firm Characteristics and Information Risk” (with Chien-Ting Lin and Lei Xu), The Finsia Journal of Applied Finance, 2010, v2, 41-47.
  16. “Testing for the Elasticity of Corporate Yield Spread” (with Gady Jacoby and Jonathan Batten), Journal of Financial and Quantitative Analysis, 2009, v44(3), 641-656.
  17. “A (Partial) Resolution of the Chinese Discount Puzzle: The 2001 Deregulation of the B-share Market” (With G. Andrew Karolyi and Lianfa Li), Journal of Financial Economic Policy, 2009, v1 (1), 80-106.

 

Working Papers

  • “How Extraordinary are U.S. Serial Acquirers?” (with G. Andrew Karolyi and Gilberto Loureiro), working paper, Rutgers University, 2024, R&R at Critical Finance Review
    • presented at the AFA meeting, Stockholm Corporate Finance Symposium, Cornell University
  • “An Asset-Pricing Model with Commonality in Exchange Rates” (with Yan Wang), working paper, Rutgers University, 2024, R&R at Journal of International Financial Markets, Institutions and Money
    • presented at the 2019 Journal of International Financial Markets, Institutions and Money (JIFMIM) – CCPF conference
  • “Firm Networks and Green Innovations: Evidence from ESG Regulations around the World” (with Xiaoxue Hu and Dongxu Li), working paper, Rutgers University, 2024, under review
    • presented at the 13th Annual Financial Market Liquidity Conference, Fudan University, Rutgers University, Xiamen University
  •  “Supply Chain Disruptions and Agile Inventory Management: Evidence from West Coast Port Congestions” (with Kexing Ding and Li Zhang), working paper, Rutgers University, 2024, under review
  •  “How do US Firms Respond to Labor Market Regulation Shocks around the World? Evidence from the Global Supply Chain” (with Xiaoxue Hu, Dongxu Li, Angie Low, and Carrie Pan), working paper, Rutgers University, 2024, under review
    • presented at Maine Economics Conference, Research Symposium on Finance and Economics (RSFE), SKKU-KAFE International Conference on Finance and Economics, USC Frontiers International Finance conference, 15th Annual Financial Market Liquidity Conference