A full vita is available here.

ACADEMIC  APPOINTMENTS

Stephen M. Ross School of Business, University of Michigan  

Michael R. and Mary Kay Hallman Fellow, 2012 - present

Associate Professor (with tenure), Finance Department, 2009 – present

Assistant Professor, Finance Department

Kelley School of Business, Indiana University    

Assistant Professor, Finance Department  

EDUCATION

University of North Carolina, Chapel Hill, NC:  Ph.D. in Finance, 2000

Indiana University, Bloomington, IN:  B.S. Finance and Bus Econ, 1992

RESEARCH

Publications

The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation (with Kenneth Ahern), 2011 Quarterly Journal of Economics, forthcoming.

It Pays to Follow the Leader: Acquiring Targets Picked by Private Equity (with Di Li and Amrita Nain), 2011 Journal of Financial and Quantitative Analysis, forthcoming.

Why do firms use private equity to opt out of public markets, (with Sreedhar Bharath), 2010, Review of Financial Studies 23(5) 1772-1818 (lead article).

The Timing of Financing Decisions: An Examination of the Correlation in Financing Waves (with Robert Dittmar), 2008, Journal of Financial Economics 90, 59-83.

Corporate Cash Policy and How to Manage it with Stock Repurchases, 2008, Journal of Applied Corporate Finance 20 (3).

Corporate Governance and the Value of Cash Holdings (with Jan Mahrt-Smith), 2007, Journal of Financial Economics 83, 599-634.

Why Do Firms Issue Equity? (with Anjan Thakor), 2007, Journal of Finance 62, 1-54 (lead article)

Corporate Governance, Incentives, and Industry Consolidations (with Keith Brown and Henri Servaes), 2005 Review of Financial Studies 18, 1.

Capital Structure in Corporate Spin-offs, 2004, Journal of Business 77, 9-43.

Divestitures and Divisional Investment Policies (with Anil Shivdasani), 2003, Journal of Finance 58, 2711-2743.

International Corporate Governance and Corporate Cash Holdings (with Jan Mahrt-Smith and Henri Servaes), 2003 Journal of Financial and Quantitative Analysis 38, 111-134.

Why do Firms Repurchase Stock?, 2000, Journal of Business 73, 331 – 355, Reprinted in Recent Developments in Corporate Finance, 2005, Edward Elgar Publishers, ed. Jay Ritter.

Other Publications

Review of Concentrated Corporate Ownership, 2002, ed. Randall Morck, Journal of Finance 57

Working Papers

Looking in the Rear View Mirror: The Effect of Managers’ Professional Experience on Corporate Cash Holdings , previously entitled The Concentration of Cash: Cash Policies of the Richest Firms (with Ran Duchin)

The Dynamics of Cash (with Ran Duchin)

Does Capital Market Myopia Affect Plant Productivity? Evidence from “going private” Transactions (with Sreedhar Bharath and Jagadeesh Sivadasan)

Can Managers Time the Market? – Evidence Using Repurchase Price Data stock (with Laura Field)

Stock Repurchase Waves: an explanation of the trends in aggregate corporate payout policy (with Robert Dittmar)

SELECTED PROFESSIONAL ACTIVITIES

Associate Editor Journal of Financial Economics, 2011-present

Councilor Society of Financial Studies, 2012-present

Academic Director Financial Management Association, 2011-present

Nominating Committee American Finance Association

Nominating Committee Finance Management Association

Fellows Committee Finance Management Association

Program Committee Western Finance Association Conference

Program Committee American Finance Association Conference

Program Committee European Finance Association Conference

Program Committee Financial Management Association Conference

Program Committee SFS Cavalcade Finance Conference

Panelist Assistant Professor Breakfast Financial Management Association

Panelist Female Professor Breakfast Financial Management Association

HONORS, AWARDS, GRANTS, and FELLOWSHIPS

Best Paper LECG Award for Best Paper in Corporate Finance at EFA Conference 2007

Finalist for the Brattle Prize for best paper in corporate finance in the Journal of Finance in 2007

Best Paper FMA European Conference 2001

NTT Research Award (buyout ½ teaching load), 2009

NTT Research Award ($2,000), 2007

NTT Research Award ($5,000), 2006

Stephen M. Ross School of Business Research Grant ($20,000), 2005

Stephen M. Ross School of Business Department Research Grant ($2,000), 2003

Ford Research Grant Allocation ($5,000), 2001

Kenan-Flagler Business School Dean’s Fellowship, 1998-1999