|
Publications "Capital
Structure Dynamics and Transitory Debt," January 2010, forthcoming,
Journal of Financial Economics.
(with Harry DeAngelo and Linda DeAngelo) "Which Firms Follow the Market? An
Analysis of Corporate Investment Decisions," May 2008, forthcoming, Review
of Financial Studies. (with Tor-Erik Bakke) "Investment-Based
Expected Stock Returns,'' Journal of
Political Economy 117 (2009): 1105-1139. (with Laura Xiaolei Liu and Lu Zhang, formerly titled
“Regularities”) Gauss Data and Programs for the GMM
Estimation "The Corporate Propensity to Save,"
Journal of Finance 64 (2009): 1729-1766. (with Leigh A. Riddick) "What Can Cash Shortfalls and Windfalls Tell Us About
Finance Constraints?," May 2008, forthcoming, in Giorgio Calcagnini and Enrico Saltari (eds.) The Economics of Imperfect Markets,
Springer, New York. "How Costly is External Financing?
Evidence from a Structural Estimation." (with Christopher Hennessy),
Journal of Finance. 62 (2007): 1705-1745. (formerly titled
"Beyond Investment-Cash Flow Sensitivities: Using Indirect Inference to
Estimate Costs of External Funds") Winner of the 2007 Brattle
Prize for Distinguished Paper in Corporate Finance in the Journal of
Finance. "Spin-offs, Divestitures, and Conglomerate Investment,"
(with Gonul Colak), Review of Financial Studies 20 (2007): 557-595. "Testing Q Theory with Financing Frictions,"
Journal of Financial Economics 83 (2007): 691-717 (with Christopher
Hennessy and Amnon Levy) "On
the Accuracy of Different Measures of Q," Financial Management 35
(2006): 5-33. (with Timothy Erickson, lead article) "External Finance Constraints and the Intertemporal Pattern of Intermittent Investment,"
Journal of Financial Economics 81 (2006): 467-502. (lead
article) "Financial Constraints Risk." Review
of Financial Studies 19 (2006): 531-559. (with Guojun
Wu) "Proxy Quality Thresholds: Theory and
Applications." Finance Research Letters 2 (2005): 131-151
(with Timothy Erickson) "Debt Dynamics," Journal of
Finance 60 (2005): 1129-1165. (with Christopher Hennessy) Winner of the 2005 Brattle
Prize for Outstanding Paper in Corporate Finance in the Journal of Finance. "Two-Step GMM Estimation of the
Errors-in-Variables Model using High-Order Moments," Econometric
Theory 18 (2002): 776-799. (with Timothy Erickson) "Is It Inefficient Investment that Causes the
Diversification Discount?" Journal of Finance 56 (2001):
1667-92. (Nominated for the Brattle Prize) "Fixed Costs of Adjustment, Coordination,
and Industry Investment," Review of Economics and Statistics
83 (2001): 628-637. (with Joanne Doyle) "Measurement Error and the Relationship between
Investment and q," Journal of Political Economy 108 (2000):
1027-57. (with Timothy Erickson) "Why Do Investment
Euler Equations Fail?" Journal of Business and Economic Statistics,
16 (1998): 469-478. "The Effect of
Uncertainty on Investment: Some Stylized Facts," Journal of Money,
Credit, and Banking 28 (1996): 64-83. (with John V. Leahy) "Internal Finance and
Firm Investment," Journal of Money, Credit, and Banking 27
(1995): 683-701. (with R. Glenn Hubbard and Anil K. Kashyap) "Problems with
Identifying Adjustment Costs from Regressions of Investment on Q,"
Economics Letters 46 (1994): 339-344. "Debt, Liquidity
Constraints, and Corporate Investment: Evidence from Panel Data," Journal
of Finance 47 (1992): 1425-1460. "Investment and
Financial Asset Accumulation," Journal of Financial Intermediation
1 (1991): 307-334. " |