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Publications "Endogeneity
in Empirical Corporate Finance," forthcoming in George
Constantinides, Milton Harris, and Rene Stulz, eds. Handbook of the
Economics of Finance Volume 2, Elsevier. (with Michael R. Roberts). "Treating
Measurement Error in Tobin's q," September 2011, forthcoming,
Review of Financial Studies. (with
Tim Erickson) "Threshold
Events and Identification: A Study of Cash Shortfalls," July 2011,
forthcoming, Journal of Finance.
(with Tor-Erik Bakke) "Shareholder-Manager
Disagreement and Corporate Investment, " Review of Finance 15 (2011): 277-300. (with Anjan V. Thakor) "Capital
Structure Dynamics and Transitory Debt," Journal of Financial Economics 99 (2011): 235–261. (with
Harry DeAngelo and Linda DeAngelo, lead article) "Which
Firms Follow the Market? An Analysis of Corporate Investment Decisions,"Review of Financial Studies 23 (2010):
1941–1980. (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) Online
Appendices "What
Can Cash Shortfalls and Windfalls Tell Us About Finance Constraints?,"
in Giorgio Calcagnini and Enrico Saltari (eds.) The Economics of Imperfect
Markets, Springer, New York, 2010. "How Costly is External
Financing? Evidence from a Structural Estimation," Journal of
Finance. 62 (2007): 1705-1745. (with Christopher Hennessy) Winner of the
2007 Brattle Prize for Distinguished Paper in Corporate Finance in the Journal
of Finance. "Spin-offs,
Divestitures, and Conglomerate Investment," Review of Financial
Studies 20 (2007): 557-595. (with Gonul Colak) "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) Also, Erratum, Journal of
Political Economy 118 (2010): 1252-57. "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. "U.S.
Corporate Leverage: Developments in 1987 and 1988," Brookings
Papers on Economic Activity 1 (1990): 255-278. (with Ben S. Bernanke and
John Y. Campbell) |