PAPERS (with Links to Working Paper Versions)

 

Real Options:

 

Irreversible Investment, Real Options and Competition: Evidence from Real Estate Development, 2009, Lead article in the Journal of Urban Economics, Vol. 65, pp. 237-251 (with Chris Mayer and Tsur Somerville)

 

Real Options, Irreversible Investment and Firm Uncertainty: New Evidence from U.S. Firms, 2005, Review of Financial Economics: Special Issue on Real Options, Vol.14, pp. 255-279.

 

 

Dividend Policy:

 

The Firm Life Cycle Theory of Dividends, in Dividends and Dividend Policy, H. Kent Baker (Ed.), Wiley, May 2009

(with Narayanan Subramanian)

 

On the Timing of Dividend Initiations, 2007, Financial Management, Vol. 36(4), pp. 31-65

(with Narayanan Subramanian and Lloyd Tanlu)

 

To Cut or Not to Cut a Dividend, 2010

 

The Impact of Technical Defaults on Dividend Policy, 2009

(with Tyler Hull and Hayong Yun)

 

A Closer Look at Dividend Omissions: Payout Policy, Investment and Financial Flexibility, 2009

(with Narayanan Subramanian)

 

When are Dividend Omissions Good News?, this paper is undergoing major revisions

(with Narayanan Subramanian and Lloyd Tanlu)

 

 

Corporate Governance and Executive Compensation:

 

A Few Bad Apples: An Analysis of CEO Performance Pay and Firm Productivity, 2010, Journal of Economics and Business, Vol. 62(4), pp. 273-306

(with Paroma Sanyal and Zhipeng Yan)

 

Incentivizing Managers to Build Innovative Firms, 2011, Annals of Finance, Vol. 7(2), pp. 267-283

(with Paroma Sanyal)

 

Innovation, R&D and Managerial Compensation, 2010

(with Paroma Sanyal)

 

Directors, Outsiders and Efficiency: An Analysis of How Board Characteristics Influence Firm Productivity, 2009

(with Paroma Sanyal and Zhipeng Yan)

 

 

Capital Structure/Firm Financing:

 

The Pecking Order Theory and the Firmís Life Cycle, 2009, Banking and Finance Letters, Vol. 1(3), pp.129-140

(with Zhipeng Yan)

 

Firm Maturity and the Pecking Order Theory, 2011, Lead article in the International Journal of Business and Economics, Vol. 9(3), pp. 179-200

(with Zhipeng Yan)

 

Regulatory Risk, Market Uncertainties, and Firm Financing Choices: Evidence from U.S. Electricity Market Restructuring, forthcoming, Quarterly Review of Economics and Finance (with Paroma Sanyal)

 

Is there room for growth? Debt, Growth Opportunities and the Deregulation of U.S. Electric Utilities, revise and resubmit, Quarterly Journal of Finance and Accounting

(with Paroma Sanyal)

 

 

 

Last updated: April 19, 2011