Research

Publications

How Legal Environments Affect the Use of Bond Covenants, 2011, with Yaxuan Qi and John Wald, Journal of International Business Studies 42, 235-262

• Mirae Asset Securities Co., Ltd. Outstanding Paper Award

Political Rights and the Cost of Debt, 2010, with Yaxuan Qi and John Wald, Journal of Financial Economics 95, 202-226

• Best Paper Award in International Finance at the 2008 FMA Meeting

Shareholder Value: Principles, Declarations, and Actions, 2010, with P. Joerg, C. Loderer, and U. Waelchli, Financial Management 39, 5-32

Black's Simple Discounting Rule: A Simple Implementation, 2010, with Claudio Loderer and John B. Long, Journal of Applied Corporate Finance 22, 60-68

The Pricing Discount for Limited Liquidity: Evidence from SWX Swiss Exchange and the Nasdaq, 2005, with Claudio Loderer, Journal of Empirical Finance 12, 239-268 [Journal]

Socialism and Intrafirm Asset Allocation, 2005, with Petra Joerg and Claudio Loderer,European Financial Management 11, 133-152 [Journal]

Shareholder Value Maximization: What Managers Say and What They Do, 2004, with Petra Joerg and Claudio Loderer, Die Betriebswirtschaft 64, 335-376 [Journal]
 

Working Papers

Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-Listings, with Peter Iliev and Darius Miller

• Best Paper Award at the 2010 IIROC/DeGroote Conference

Shareholder Voting and Corporate Governance Around the World, with Peter Iliev, Karl Lins, and Darius Miller

• Summarized in the Harvard Law School Forum on Corporate Governance and Financial Regulation

Mandated Disclosures: Economic Consequences for Public Investors in Private Firms, with David Reeb

Do Cash Distributions Justify Share Prices? (with Claudio Loderer)