Publications in Refereed Journals

(Final working paper versions)

Executive Stock and Option Valuation in a Two State-Variable Framework: Allowing Optimal Investment of Outside Wealth in the Riskfree Asset and the Market Portfolio (Lead Article), with Anand Vijh, The Journal of Derivatives, Spring 2005 .

Incentive Effects of Stock and Option Holdings of Target and Acquirer CEOs, with Anand Vijh, The Journal of Finance, August, 2007. 

What’s in the News? Information Content of S&P 500 Additions , Financial Management, Autumn 2008.

Long-Term Impact of Russell 2000 Index Rebalancing, with Todd Houge, Financial Analyst Journal, forthcoming.

 

Working Papers

Electing Directors, with Jacqueline Garner and Ralph Walkling.

Executive Stock Option Exercises: Good Timing or Backdating?

 

Shareholders’ Say on Pay: Does It Create Value? with Ralph Walkling

 

Democracy or Disruption:  An empirical analysis of majority elections, with Jacqueline Garner and Ralph Walkling

Leverage change, debt capacity, and stock prices, with Joe Zhang

Information Asymmetry and Corporate Governance, with Yimin Qian and Yixin Liu