Product market competition and option prices
with Alexei Zhdanov, Review of Financial Studies, Forthcoming.
Agency conflicts around the world
with Boris Nikolov and Norman Schuerhoff, Review of Financial Studies, 31(11):4232-4287, 2018.
Corporate policies with permanent and transitory shocks
with Jean-Paul Décamps, Sebastian Gryglewicz, and Stéphane Villeneuve, Review of Financial Studies, 30(1): 162-210, 2017.
Debt enforcement, investment, and risk-taking across countries
with Giovanni Favara, Enrique Schroth, and Philip Valta, Journal of Financial Economics,123(1): 22-41, 2017.
Capital supply uncertainty, cash holdings and investment (Online appendix)
with Julien Hugonnier and Semyon Malamud, Review of Financial Studies, 28(2): 391–445, 2015.
Credit market frictions and capital structure dynamics (Online appendix)
with Julien Hugonnier and Semyon Malamud, Journal of Economic Theory, 157: 1130–1158, 2015.
Financing investment: The choice between bonds and bank loans
with Philip Valta and Alexei Zhdanov, Management Science, 61(11): 2580-2602, 2015.
Corporate governance and capital structure dynamics
with Boris Nikolov and Norman Schuerhoff, Journal of Finance, 67(3): 803-848, 2012.
Corporate investment and financing under asymmetric information
with Norman Schuerhoff, Journal of Financial Economics, 99(2): 262-288, 2011.
Dynamic investment and financing under personal taxation
with Norman Schuerhoff, Review of Financial Studies, 23(1): 101-146, 2010.
Financing and takeovers
with Alexei Zhdanov, Journal of Financial Economics, 87(3): 556-581, 2008.
Stock returns in mergers and acquisitions
with Dirk Hackbarth, Journal of Finance, 63(3): 1203-1242, 2008.
Closed-form solutions to stochastic switching problems
with Pascal François, Journal of Mathematical Economics, 44(11): 1072-1083, 2008.
Agency conflicts and risk management
with Clifford W. Smith, Review of Finance, 11(1): 1-23, 2007.
Corporate control and real investment in incomplete markets
with Julien Hugonnier, Journal of Economic Dynamics and Control, 31(5): 1781-1800, 2007.
Capital structure, credit risk, and macroeconomic conditions
with Dirk Hackbarth and Jianjun Miao, Journal of Financial Economics, 82(3): 519-550, 2006.
On the debt capacity of growth options
with Michael J. Barclay and Clifford W. Smith, Journal of Business, 79(1): 37-59, 2006.
Irreversible investment with regime shifts
with Xin Guo and Jianjun Miao, Journal of Economic Theory, 122(1): 37-59, 2005.
The dynamics of mergers and acquisitions
with Alexei Zhdanov, Journal of Financial Economics, 77(3): 649-672, 2005.
Can managerial discretion explain observed leverage ratios?
Review of Financial Studies, 17(1): 257-294.
Capital structure and asset prices: Some effects of bankruptcy procedures
with Pascal François, Journal of Business, 77(2): 387-411, 2004.
Asset liquidity, capital structure, and secured debt
Journal of Financial Economics, 61(2): 173-206, 2001.