Refereed Publications

The Timing of Financing Decisions: An Examination of the Correlation in Financing Waves, (with Robert Dittmar), 2007, Journal of Financial Economics forthcoming

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 Finalist for the 2007 Brattle Prize for the best corporate finance article in the Journal of Finance; Lead Article

Corporate Governance, Incentives, and Industry Consolidations (with Keith Brown and Henri Servaes), 2005, Review of Financial Studies 18, 241-270

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, Special Edition on International Corporate Governance

Why do Firms Repurchase Stock?, 2000, Journal of Business 73, 331-355; Reprinted in Recent Developments in Corporate Finance, Edward Elgar Pub, Ed. Jay Ritter

Working Papers

Why Do Firms Use Private Equity to Opt Out of Public Markets, (with Sreedhar Bharath)

Stock Repurchase Waves: An Explanation of the Trends in Aggregate Corporate Payout Policy, (with Robert Dittmar)

Costless versus Costly Signaling: Theory and Evidence (with Utpal Bhattacharya)