Market reaction to public information: The atypical case of the Boston Celtics", with Greg Brown. Journal of Financial Economics, 2001, Vol. 60, 333-370.
Institutional investors and executive compensation, with Laura Starks, Journal of Finance, Vol. 58, 2351-2374.
What's in it for me? Personal benefits obtained by CEOs whose firms are acquired, with Eli Ofek and David Yermack, Review of Financial Studies, 2004, Vol. 17, 37-61.
The Role of the Underlying Real Asset Market in REIT IPOs, with Jarl Kallberg and Crocker Liu, Real Estate Economics, 2005, Vol. 33, 27-50.
The impact of CEO turnover on equity volatility, with Matt Clayton and Joshua Rosenberg, Journal of Business, 2005, Vol. 78, 1779-1808.
Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation, with Andres Almazan and Laura Starks, Financial Management, 2005, Vol. 34(4), 5-34.
The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts (REITs), with Libo Sun and Sheridan Titman, Real Estate Economics, 2006, Vol. 34, 343-376.
Why Do Firms Hold So Much Cash? A Tax-Based Explanation, with Fritz Foley, Sheridan Titman and Garry Twite, Journal of Financial Economics, 2007, Vol. 86, 579-607.
The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts, with Jarl Kallberg and Crocker Liu, Journal of Law and Economics, Vol. 51, 539-562.
"Alternative Benchmarks for Evaluating REIT Mutual Fund Performance" with Tobias Muhlhofer and Sheridan Titman, Real Estate Economics, forthcoming.
PDF Copies of all of my working papers should be available at my SSRN author page:
If you have trouble downloading a copy or want to verify that you have the most recent version, please email me.
"Carrots and Sticks: Incentive Compensation and the Likelihood of Termination" with Greg Hallman and Chris Parsons.
"Explaining Corporate Governance: Boards, Bylaws, and Charter Provisions” with Stuart Gillan and Laura Starks.
"Is There a Disposition Effect in Corporate Investment Decisions? Evidence from Real Estate Investment Trusts" with Alan Crane.
"Is a Higher Calling Enough? Incentive Compensation in the Church" with Chris Parsons and David Yermack.