The Journal of Financial Economics ranks our department 16th among Institutions with the Most JFE Papers Published, 1974-2001 (3 or more papers) and 21st among Institutions with the Most Citations to JFE Papers Published 1974-2000 .

Research Photo Gallery

Finance Faculty

David J. Denis

• Leverage and Investment in Diversified Firms. Journal of Financial Economics, 79, 317-337, 2006, with Seoungpil-Ahn and Diane Denis.
• Is There a Dark Side to Incentive Compensation?, Journal of Corporate Finance, 12, 467-488, 2006, with Paul Hanouna and Atulya Sarin.
• How Do IPO Issuers Pay for Analyst Coverage?. Journal of Investment Management, 4, 2, 48-61, 2006, with Mike Cliff.
• Mean Reversion in Earnings and the Use of E/P Multiples in Corporate Valuation. Journal of Applied Finance, 4-10, 2004, with Mukesh Bajaj, and Atulya Sarin.
• Introduction to Corporate Restructuring, in Corporate Restructuring, Edward Elgar Publishing, forthcoming, with John J. McConnell.
• Do IPO firms purchase analyst coverage with underpricing?, Journal of Finance 59, 2871-2902, 2004, with Michael Cliff.
• Entrepreneurial finance: an overview of the issues and evidence, Journal of Corporate Finance 10, 301-326, 2004.
• Internal capital markets and investment policy: Evidence from corporate spinoffs, Journal of Financial Economics 71, 489-516, 2004, with Seoungpil Ahn.
• The choice among bank debt, non-bank private debt and public debt: evidence from new corporate borrowings, Journal of Financial Economics 70, 3-28, 2003, with Vassil T. Mihov.
• Global Diversification, Industrial Diversification, and Firm Value, Journal of Finance,  57, 1951-1979, with Diane Denis and Keven Yost.
• Firm Value and Marketability Discounts, Journal of Corporation Law 27, 89-116, 2001, with Mukesh Bajaj, Steve Ferris, and Atulya Sarin.
• Is the Market Surprised by Poor Earnings Realizations Following Seasoned Equity Offerings?, Journal of Financial and Quantitative Analysis, 36, 169-193, 2001, with Atulya Sarin.
• Managerial Discipline and Corporate Restructuring Following Performance Declines, Journal of Financial Economics 55, 391-424, 2000, with Timothy Kruse.
• CEO Compensation and Managerial Decisions: Evidence From Acquisitions, Research in International Business and Finance, Special Volume on Issues in International Corporate Control and Governance, 15, 23-47, 2000, with Eric Blazer.
• Agency Theory and the Influence of Equity Ownership Structure on Corporate Diversification Strategies, Strategic Management Journal 20, 1071-1076, 1999, with Diane Denis and Atulya Sarin.
• Ownership and Board Structures in Publicly Traded Corporations, Journal of Financial Economics 52, 187-224, 1999, with Atulya Sarin.
• Managerial Incentives and Corporate Diversification Strategies, Journal of Applied Corporate Finance, 72-80, Summer 1997, with Diane Denis and Atulya Sarin.
• Ownership Structure and Top Executive Turnover, Journal of Financial Economics 45, 193-221, 1997, with Diane Denis and Atulya Sarin.
• Agency Problems, Equity Ownership, and Corporate Diversification, Journal of Finance 52, 135-160, 1997, with Diane Denis and Atulya Sarin. Abstracted in Contemporary Finance Digest, 29-30, Autumn 1997.
• Leveraged Recaps and the Causes of Financial Distress, Journal of Applied Corporate Finance, 84-98, Winter 1996, with Diane Denis.
• Active Investors and Management Turnover Following Unsuccessful Control Contests, Journal of Financial Economics 40, 239-266, 1996, with Jan Serrano.
• The Benefits of High Leverage: Lessons From Kroger's Recapitalization and Safeway's LBO, Journal of Applied Corporate Finance, 38-52, Winter 1995.
• Performance Changes Following Top Management Dismissals, Journal of Finance 50, 1029-1057, 1995, with Diane Denis.
• Causes of Financial Distress Following Leveraged Recapitalizations, Journal of Financial Economics 37, 129-158, 1995, with Diane Denis.
• Corporate Events, Trading Activity, and the Estimation of Systematic Risk: Evidence From Equity Offerings and Share Repurchases, Journal of Finance, December 1994, with Greg Kadlec.
• The Information Content of Dividend Changes: Cash Flow Signaling, Overinvestment, and Dividend Clienteles, Journal of Financial and Quantitative Analysis 29, 567-587, 1994, with Diane Denis and Atulya Sarin.
• Organizational Form and the Consequences of Highly Leveraged Transactions: Kroger's Recapitalization and Safeway's LBO, Journal of Financial Economics 36, 193-224, 1994.
• Investment Opportunities and the Market Reaction to Equity Offerings, Journal of Financial and Quantitative Analysis 29, 159-177, 1994.
• Majority Owner-Managers and Organizational Efficiency, Journal of Corporate Finance 1, 91-118, 1994, with Diane Denis.
• Leveraged Recaps and the Curbing of Corporate Overinvestment, Journal of Applied Corporate Finance, 60-71, Spring 1993, with Diane Denis. Reprinted in The New Finance: Where Theory Meets Practice, Donald Chew ed., Irwin/McGraw-Hill.
• The Costs of Equity Issues Since Rule 415: A Closer Look, Journal of Financial Research, Spring 1993. Abstracted in Bowne and Company's Review for CFOs and Investment Bankers, June 1993.
• Managerial Discretion, Organizational Structure, and Corporate Performance: A Study of Leveraged Recapitalizations, Journal of Accounting and Economics, 209-236, 1993, with Diane Denis.
• Corporate Investment Decisions and Corporate Control: Evidence From Going Private Transactions, Financial Management, Autumn, 1992. Abstract reprinted in Financial Management Collection, Winter 1991.
• Shelf Registration and the Market for Seasoned Equity Offerings, Journal of Business, 64, 189-212, 1991. Abstracted in Bowne and Company's Review for CFOs and Investment Bankers, October, 1991.
• Defensive Changes in Corporate Payout Policy: Share Repurchases and Special Dividends, Journal of Finance, 45, 1433-1456, 1990.

Diane K. Denis

• Chapter 11: Duration, Outcome, and Post-Reorganization Performance, Journal of Financial and Quantitative Analysis, forthcoming, with Kim Rodgers.
• Leverage and Investment in Diversified Firms, Journal of Financial Economics, 79, 317-337, 2006, with Seoungpil-Ahn and Dave Denis.
• An Empirical Investigation of Corporate Asset Downsizing, Journal of Corporate Finance, 11, 427-448, 2005, with Dilip Shome.
• International Corporate Governance, Journal of Financial and Quantitative Analysis, 38, 1-36, 2003, with John McConnell.
• S&P 500 Index Additions and Earnings Expectations, Journal of Finance, 58, 1821-1840, 2003, with John McConnell, Alexei Ovtichinnikov, & Yun Yu
• Global Diversification, Industrial Diversification, and Firm Value, Journal of Finance,  57, 1951-1979, with David Denis and Keven Yost.
• Twenty-Five Years of Corporate Governance Research and Counting, Review of Financial Economics, 10, 191-212, 2001.
• Agency Theory and the Influence of Equity Ownership Structure on Corporate Diversification Strategies, Strategic Management Journal 20, 1071-1076, 1999, with David Denis and Atulya Sarin.
• Managerial Incentives and Corporate Diversification Strategies, Journal of Applied Corporate Finance, 72-80, Summer 1997, with David Denis and Atulya Sarin.
• Ownership Structure and Top Executive Turnover, Journal of Financial Economics 45, 193-221, 1997, with David Denis and Atulya Sarin.
• Agency Problems, Equity Ownership, and Corporate Diversification, Journal of Finance 52, 135-160, 1997, with David Denis and Atulya Sarin. Abstracted in Contemporary Finance Digest, 29-30, Autumn 1997.
• Leveraged Recaps and the Causes of Financial Distress, Journal of Applied Corporate Finance, 84-98, Winter 1996, with David Denis.
• Performance Changes Following Top Management Dismissals, Journal of Finance 50, 1029-1057, 1995, with David Denis.
• Causes of Financial Distress Following Leveraged Recapitalizations, Journal of Financial Economics 37, 129-158, 1995, with David Denis.
• The Information Content of Dividend Changes: Cash Flow Signaling, Overinvestment, and Dividend Clienteles, Journal of Financial and Quantitative Analysis 29, 567-587, 1994, with David Denis and Atulya Sarin.
• Leveraged Recaps and the Curbing of Corporate Overinvestment, Journal of Applied Corporate Finance, 60-71, Winter 1994, with David Denis. Reprinted in The New Finance: Where Theory Meets Practice, Donald Chew ed., Irwin/McGraw-Hill.
• Evidence on the Effects of Hostile and Friendly Tender Offers on Employment, Managerial and Decision Economics, 341-357, July-August 1994.
• Majority Owner-Managers and Organizational Efficiency, Journal of Corporate Finance 1, 91-118, 1994, with David Denis.
• Managerial Discretion, Organizational Structure, and Corporate Performance: A Study of Leveraged Recapitalizations, Journal of Accounting and Economics, 209-236, 1993, with David Denis.

Wilbur G. Lewellen

• An Empirical Analysis of the Reincorporation Decision, Journal of Financial and Quantitative Analysis, 2000, with R. Heron.
• After the Buyout: The Long View, Advances in Financial Economics, 5, 2000, JAI Press, with D. Roden.
• Financing Strategies in Transitioning Economies, Multinational Business Review, Fall 1999, with M. Long.
• On the Measurement of Tobin's q, Journal of Financial Economics, April 1997, with S. Badrinath.
• Efficiency and Effectiveness, Economic Review, January 1997.
• Self-Serving Behavior in Managers' Discretionary Information Disclosure Decisions, Journal of Accounting and Economics, April 1996, with T. Park and B. Ro.
• Executive Stock Option Compensation: The Corporate Reporting Decision, Managerial and Decision Economics, November-December 1995, with B. Ro and T. Park.
• Corporate Capital Structure Decisions: Evidence from Leveraged Buyouts, Financial Management, Summer 1995, with D. Roden.
• Evidence on the Motivation for Management Forecasts of Corporate Earnings, Managerial and Decision Economics, May-June 1994, with W. Kross and B. Ro.
• Public Utility Valuation and Risk Under Incentive Regulation, Journal of Regulatory Economics, September 1993, with D. Mauer.
• Corporate Growth, Corporate Strategy, and the Choice of Capital Structure, Managerial and Decision Economics, November-December 1992, with W. Kracaw and C. Woo.
• Executive Compensation and the Performance of the Firm, Managerial and Decision Economics, January-February 1992, with C. Loderer and K. Martin.
• Evidence on Tax-Motivated Securities Trading Behavior, Journal of Finance, March 1991, with S. Badrinath.
• Securityholder Taxes and Corporate Restructurings, Journal of Financial and Quantitative Analysis, September 1990, with D. Mauer.
• Shareholder Gains from Callable-Bond Refundings, Managerial and Decision Economics, February 1990, with D. Emery.
• Mergers, Executive Risk Reduction, and Stockholder Wealth, Journal of Financial and Quantitative Analysis, December 1989, with C. Loderer and A. Rosenfeld.
• Tax Options and Corporate Capital Structures, Journal of Financial and Quantitative Analysis, December 1988, with D. Mauer.
• Tax Timing Options, Leverage, and the Choice of Corporate Form, Journal of Financial Research, Summer 1988, with D. Emery and D. Mauer.
• Inflation, Corporate Growth, and Corporate Leverage, Financial Management, Winter 1987, with W. Kracaw.
• Debt Management Under Corporate and Personal Taxation, Journal of Finance, December 1987, with D. Mauer.
• Executive Compensation and Executive Incentive Problems: An Empirical Analysis, Journal of Accounting and Economics, December 1987, with C. Loderer and K. Martin. Reprinted in K. Hallock and K. Murphy, The Economics of execitve compensation, Edward Elgar Publishing .
• Optimal Bond Refunding Strategies, Managerial and Decision Economics, September 1987, with A. Rosenfeld.
• Financial Strategy: Planning and Managing the Corporate Leverage Position, Strategic Management Journal, January-February 1987, with C. Sandberg and K. Stanley.
• Corporate Debt Management and the Value of the Firm, Journal of Financial and Quantitative Analysis, December 1986, with D. Emery.
• Determinants of the Execution Costs of Common Stock Trades by Individual Investors, Journal of Financial Research, Winter 1986, with G. Blum and W. Kracaw.
• Securityholder Cash Flows and the Valuation of Corporate Investment Projects, Managerial and Decision Economics, June 1985, with D. Emery.
• An Arbitrage Pricing Approach to Evaluating Mutual Fund Performance,Journal of Financial Research, Spring 1985, with E. Chang.
• Merger Decisions and Executive Stock Ownership in Acquiring Firms, Journal of Accounting and Economics, April 1985, with C. Loderer and A. Rosenfeld.
• Inflation, Currency Exchange Rates, and the International Securities Market, Journal of Business Research, March 1984, with J. Ang.
• Refunding Non-Callable Debt, Journal of Financial and Quantitative Analysis, March 1984, with D. Emery.
• Market Timing and Mutual Fund Investment Performance, Journal of Business, January 1984, with E. Chang.
• Strategies for the Merger Game: Management and the Market, Financial Management, Winter 1983, with M. Ferri.
• Negotiated Brokerage Commissions and the Individual Investor, Journal of Financial and Quantitative Analysis, September 1983, with G. Blum.
• Risk Adjustments in Capital Investment Project Evaluations, Financial Management, Summer 1982, with J. Ang.
• Inflation, Security Values, and Risk Premia, Journal of Financial Research, Summer 1982, with J. Ang.
• Market Efficiency Across Securities Exchanges, Journal of Economics and Business, April 1982, with R. Lease.
• Inflation and Dividends, Financial Analysts Journal, May/June 1981.
• Further Evidence on the Value of Professional Investment Research, Journal of Financial Research, Spring 1981, with K. Stanley and G. Schlarbaum.
• On the Matter of Parity Among Financial Obligations, Journal of Finance, March 1981, with D. Emery.
• Capital Market Influences on Trade Credit Policies, Journal of Financial Research, Summer 1980, with J. McConnell and J. Scott.
• Investor Response to Investment Research, Journal of Portfolio Management, Summer 1980, with K. Stanley and G. Schlarbaum.
• Portfolio Design and Portfolio Performance: The Individual Investor, Journal of Economics and Business, Spring/Summer 1980, with R. Lease and G. Schlarbaum.
• The Personal Investments of Professional Managers, Financial Management, Winter 1979, with R. Lease and G. Schlarbaum.
• Market-Based and Accounting Standards for Public Utility Rate Regulation, Journal of Business Research, May 1979, with J. McConnell.
• Financial Leverage Clienteles: Theory and Evidence, Journal of Financial Economics, March 1979, with H. Kim and J. McConnell.
• Investment Performance and Investor Behavior, Journal of Financial and Quantitative Analysis, March 1979, with R. Lease and G. Schlarbaum.
• An Empirical Analysis of Brokerage House Securities Recommendations, Financial Analysts Journal, January-February 1979, with J. Groth, R. Lease, and G. Schlarbaum.
• Some Direct Evidence on the Dividend Clientele Phenomenon, Journal of Finance, December 1978, with K. Stanley, G. Schlarbaum, and R. Lease. Reprinted in D. Scott, Readings in Financial Management, Academic Press.
• Sale-and Leaseback Agreements and Enterprise Valuation, Journal of Financial and Quantitative Analysis, December 1978, with H. Kim and J. McConnell.
• The Common-Stock-Portfolio Performance Record of Individual Investors, Journal of Finance, May 1978, with G. Schlarbaum and R. Lease.
• Securities Analysts: Some Are More Equal, Journal of Portfolio Management, Spring 1978, with J. Groth, G. Schlarbaum, and R. Lease. Reprinted in: P. Bernstein, ed., Security Selection And Active Portfolio Management, New York: Institutional Investor Systems.
• Realized Returns on Common Stock Investments: The Experience of Individual Investors, Journal of Business, April 1978, with G. Schlarbaum and R. Lease.
• Tax Reform, Firm Valuation and Capital Costs, Financial Management, Winter 1977, with J. McConnell.
• Some Evidence on the Patterns and Causes of Mutual Fund Ownership, Journal of Economics and Business, Fall 1977, with R. Lease and G. Schlarbaum.
• Stock Exchange Listings and Securities Returns, Journal of Financial and Quantitative Analysis, September 1977, with L. Ying, G. Schlarbaum, and R. Lease.
• Some Observations on Risk-Adjusted Discount Rates, Journal of Finance, September 1977.
• Patterns of Investment Strategy and Behavior Among Individual Investors, Journal of Business, July 1977, with R. Lease and G. Schlarbaum.
• Capital Cost and Adjusted Present Value: Reconciliation and Amplification, Journal of Business Research, June 1977, with M. Long and J. McConnell.
• Executive Pay in the United States, Mercurio, 1976. Market Segmentation: Evidence on the Individual Investor, Financial Analysts Journal, September-October 1976, with R. Lease and G. Schlarbaum.
• Corporate Debt Coupon Rate Strategies, National Tax Journal, June 1976, with G. Racette.
• Asset Leasing in Competitive Capital Markets, Journal of Finance, June 1976, with M. Long and J. McConnell. Reprinted in: C.F. Lee, Financial Analysis And Planning: Theory And Applications, Addison-Wesley.
• Communicating the Compensation Package, Personnel, November-December 1975, with G. Hettenhouse, H. Lanser, and H. James.
• Recent Evidence on Senior Executive Pay, National Tax Journal, June 1975.
• Individual Investor Risk Aversion and Investment Portfolio Composition, Journal of Finance, May 1975, with R. Cohn, R. Lease, and G. Schlarbaum.
• Some Extensions of Capital Structure Theory, Journal of Business Research, January 1975.
• Empirical Evidence on Individual Investor Portfolio Performance, Proceedings of the Seminar on the Analysis of Security Prices, University of Chicago, November 1974. A Conceptual Re-Appraisal of Cost of Capital, Financial Management, Winter, 1974.
• Perception-Efficiency in Employee Compensation, Proceedings of the National Conference, American Compensation Association, 1974.
• The Individual Investor: Attributes and Attitudes, Journal of Finance, May 1974, with R. Lease and G. Schlarbaum. Reprinted in E. Brigham and R. Johnson, Issues In Managerial Finance, Dryden Press.
• Investment Strategies of the Individual Investor, Proceedings of the Seminar on the Analysis of Security Prices, University of Chicago, May 1974.
• A Scorecard for Executive Incentive and Stock Plans, Compensation Review, Second Quarter 1974, with P. Henderson and G. Hettenhouse.
• Programming Solutions to Capital Rationing Problems, Journal of Business Finance and Accounting, Spring 1974, with J. Hughes. Reprinted in: V. Andrews and P. Hunt, Financial Management: Cases And Readings, Irwin.
• Convertible Debt Financing, Journal of Financial and Quantitative Analysis, December 1973, with G. Racette.
• Payback Substitutes for Discounted Cash Flow, Financial Management, Summer 1973, with H. Lanser and J. McConnell.
• Executive Pay Preferences, Harvard Business Review, September-October 1973, with H. Lanser.
• A General Model for Accounts Receivable Analysis and Control, Journal of Financial and Quantitative Analysis, March 1973, with R. Edmister. Reprinted in: K. Smith, Readings On The Management Of Working Capital, West Publishing Company.
• Simulation Versus Single-Value Estimates in Capital Expenditure Analysis, Decision Sciences, October 1972, with M. Long); Comments and Reply, Decision Sciences, October 1973. Reprinted in: S. Myers, New Developments In Financial Management, Praeger.
• Analysis of the Lease-or-Buy Decision, Journal of Finance, September 1972, with R. Johnson); Comments and Reply, Journal of Finance, September 1973.
• Managerial Pay and the Tax Changes of the 1960's, National Tax Journal, June 1972.
• Tax Reform and Executive Compensation: Revenue Effects, Proceedings of the Annual conference on Taxation, National Tax Association, 1972.
• Better Way to Monitor Accounts Receivable, Harvard Business Review, May-June 1972, with R. Johnson. Reprinted in: E. Brigham and R. Johnson, Issues In Managerial Finance, Dryden Press; C. Aby and D. Vaughan, Financial Management Classics, Goodyear Publishing; K. Smith and G. Gallinger, Readings On Short Term Financial Management, West Publishing.
• Finance Subsidiaries and Corporate Borrowing Capacity, Financial Management, Spring 1972.
• A Pure Financial Rationale for Conglomerate Merger, Journal of Finance, May 1971. Reprinted in: D. Scott, Readings in Financial Management, Academic Press.
• An Inter-Sectoral Analysis of Senior Executive Rewards, Proceedings of the Annual conference on Taxation, National Tax Association, 1970.
• The Impact of Tax Reform on Executive Compensation Costs, Journal of Taxation, October 1970, with G.W. Hettenhouse.
• Managerial Pay and Corporate Performance, American Economic Review, September 1970, with B. Huntsman Reprinted in: K. Palda, Readings in Managerial Economics, Prentice-Hall; C. Moyer and J. McGuigan, Managerial Economics: Readings, Cases and Exercises, Dryden Press; K. Hallock and K. Murphy, The Economics Of Eexecutive Compensation, Edward Elgar Publishing.
• Tax Minimization and Executive Compensation Plans, Tax Impacts On Compensation, Tax Institute of America, 1969.
• Comparative Analysis of the After-Tax Cost of Executive Pay Alternatives, Journal of Taxation, September 1969, with G.W. Hettenhouse.
• The Taxation of Restricted Stock Compensation Plans, National Tax Journal, September 1969, with G.W. Hettenhouse.
• Management and Ownership in the Large Firm, Journal of Finance, May 1969 Reprinted in: E. Brigham and R. Johnson, Issues In Managerial Finance, Dryden Press.
• Executives Lose Out, Even With Options, Harvard Business Review, January-February 1968.
• Probing the Record of Stock Options, Harvard Business Review, March-April 1962, with D. Holland.

John J. McConnell

• Board Composition, Corporate Performance, and The Cadbury Committee. Journal of Financial and Quantitative Analysis, forthcoming, 2006, with Jay Dahya.
• Dividend Policy. Palgrave Macmillan Ltd. Ed. S. N. Durlauf and L. E. Blume, forthcoming, with Dave Denis
• Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis. Journal of Financial Economics, forthcoming, 2006, with Jay Dahya and Orlin Dimitrov.
• Political Connections and Corporate Bailouts. Journal of Finance, 61, 6, 2597-2635, 2006, with Mara Faccio and Ron Masulis.
• The Other January Effect. Journal of Financial Economics, 82, 2, 315-342, 2006, with Mike Cooper and Alexei Ovtchinnikov.
• Returns to Acquirers of Listed and Unlisted Targets. Journal of Financial and Quantitative Analysis, 41, 1, 197-220, 2006, with Mara Faccio, and David Stolin.
• Outside Directors and Corporate Board Decisions, Journal of Corporate Finance, 2005, 11, 37-60, with Jay Dahya.
• Predictability of Long-Term Spinoff Returns, Journal of Investment Management, 2, 35-44, 2004, with Alexei Ovtchinnikov.
• International Corporate Governance, Journal of Financial and Quantitative Analysis, 38, 1-36, 2003, with Diane Denis.
• S&P 500 Index Additions and Earnings Expectations, Journal of Finance, 58, 1821-1840, 2003, with Diane Denis, Alexei Ovtichinnikov, & Yun Yu
• The Cadbury Committee, Corporate Performance, and Top Management Turnover, Journal of Finance, 57, 461-483, with Jay Dahya and N. G. Travlos.
• Learning from a Keynote Speaker: Lessons from Merton Miller’s PACAP Addresses, Pacific-Basin Finance Journal, 10, 359-369, 2002.
• Debt-Reducing Exchange Offers, Journal of Corporate Finance, 7, 179-207, 2001, with Erik Lie and Heidi J. Lie.
• Spinoffs, Ex Ante, Journal of Business, April 2001, 74, 245-280, 2001, with M. Ozbilgin and Sunil Wahal.
• Do Institutional Investors Exacerbate Managerial Myopia?, Journal of Corporate Finance, 6, 307-329, 2000, with Sunil Wahal.
• A Survey of U.S. Corporate Financing Innovations: 1970-1997, Journal of Applied Corporate Finance, 12, 55-69, 1999, with Ken Carow and G. Erwin.
• Does Insider Trading Really Move Stock Prices?, Journal of Financial and Quantitative Analysis, 34, 191-209, 1999, with Sugato Chakravarty.
• MIPS, QUIPS and TOPrS: Old Wine in New Bottles, Journal of Applied Corporate Finance, 11, 39-44, 1998, with Arun Khanna.
• Earnings Signals in Fixed-Price and Dutch Auction Self-Tender Offers, Journal of Financial Economics, 49, 161-186, 1998, with Erik Lie.
• Mortgage Prepayment Float: Pricing and Risk Analysis, Journal of Fixed Income, 7, 83-93, 1998, with L. A. Angbazo, I. F. Megbolugbe and T. T. Yang.
• Equity Carve-outs and Managerial Discretion, Journal of Finance, 53, 163-186, 1998, with J. W. Allen.
• To Live or Let Die? An Empirical Analysis of Piecemeal Voluntary Corporate Liquidations, Journal of Corporate Finance, 3, 325-354, 1997, with G. R. Erwin.
• The Management Buyout of White Hen Pantry, Journal of Financial Education, Fall 1997, 23, 113-119, with J. W. Allen.
• An Analysis of Prices, Bid/Ask Spreads and Bid and Ask Depths Surrounding Ivan Boesky’s Illegal Insider Trading in Carnation’s Stock, Financial Management, Summer 1997, 26, No. 2, 18-34, with S. Chakravarty.
• A Survey of Evidence on Domestic and International Stock Exchange Listings with Implications for Markets and Managers, Pacific-Basin Finance Journal, 4, 347-376, 1996, with H. J. Dybevik, D. Haushalter and E. Lie.
• Prepacks as a Mechanism for Resolving Financial Distress: The Evidence, Journal of Applied Corporate Finance, Winter 1996, 8, No. 4, 99-106, with R. C. Lease and E. Tashjian.
• Implementing an Option-Theoretic CMO Valuation Model with Recent Prepayment Data, Journal of Fixed Income, 5, 45-55, 1996, with M. K. Singh.
• Prepacks: An Empirical Analysis of Prepackaged Bankruptcies, Journal of Financial Economics, 40, 135-162, 1996, with E. Tashjian and R. C. Lease.
• Can Takeover Losses Explain Spin-off Gains?, Journal of Financial and Quantitative Analysis, December 1995, 30, 465-485, with J. W. Allen, S. L. Lummer and D. K. Reed.
• Open-Market Share Repurchase Programs and Bid-Ask Spreads on the NYSE: Implications for Corporate Payout Policy, Journal of Financial and Quantitative Analysis, September 1995, 30, No. 3, 365-382, with J. M. Miller.
• Equity Ownership and the Two Faces of Debt, Journal of Financial Economics, September 1995, 39, No. 1, 131-157, with H. Servaes.
• Investor Base, Cost of Capital, and New Listings on the NYSE, Journal of Applied Corporate Finance, Spring 1995, 8, No. 1, 59-63, with G. B. Kadlec.
• Rational Prepayments and the Valuation of Collateralized Mortgage Obligations, Journal of Finance, July 1994, 49, No. 3, 891-921, with M. K Singh.
• The Effect of Market Segmentation and Illiquidity on Asset Prices: Evidence From Exchange Listings, Journal of Finance, June 1994, 49, No. 2, 611-636, with G. B. Kadlec.
• Valuation and Analysis of Collateralized Mortgage Obligations, Management Science, June 1993, 39, No. 6, 692-709, with M. K Singh.
• Seasonalities in NYSE Bid-Ask Spreads and Stock Returns in January, Journal of Finance, December 1992, 47, No. 5, 1999-2014, with R. A. Clark and M. K. Singh.
• The Origin of LYONs: A Case Study in Financial Innovation, Journal of Applied Corporate Finance, Winter 1992, 4, No. 4, 82-89, with E. S. Schwartz.
• The Economics of Pre-packaged Bankruptcy, Journal of Applied Corporate Finance, Summer 1991, 4, No. 2, 93-97, with H. Servaes.
• Corporate Takeovers and Interest Rates, Journal of Applied Business Research, Summer 1991, 7, No. 3, 62-77, with O. Kini and W. Kracaw.
• Prepayments and the Valuation of Adjustable Rate Mortgage-Backed Securities, Journal of Fixed Income, June 1991, 1, No. 1, 21-35, with M. K. Singh.
• Corporate Performance, Corporate Takeovers, and Management Turnover, Journal of Finance, June 1991, 46, No. 2, 671-687, with K. J. Martin.
• Day-of-the-Week Effects in Financial Futures: An Analysis of GNMA, T-Bond, T-Note, and T-Bill Contracts, Journal of Financial and Quantitative Analysis, March 1991, 26, No. 1, 23-44, with E. T. Johnston and W. A. Kracaw.
• Additional Evidence on Equity Ownership and Corporate Value, Journal of Financial Economics, September 1990, 27, No. 1, 595-612, with H. Servaes.
• Realized Returns and the Default and Prepayment Experience of Financial Leasing Contracts, Financial Management, Summer 1990, 19, No. 2, 11-20, with R. C. Lease and J. S. Schallheim.
• What Determines Yields on Financial Leasing Contracts, The Journal of Equipment Lease Financing, Spring 1990, 8, No. 1, 9-14, with R. C. Lease and J. S. Schallheim.
• Further Evidence on the Bank Lending Process and the Capital-Market Response to Bank Loan Agreements, Journal of Financial Economics, November 1989, 25, No. 1, 99-122, with S. L. Lummer.
• Requiem for a Market: An Analysis of the Rise and Fall of a Financial Futures Contract, Review of Financial Studies, 1989, 2, No. 1, 1-23, with E. T. Johnston.
• An Introduction to Mortgage Research on Wall Street, Journal of Real Estate Finance and Economics, June 1988, 1, No. 2, 91-94, with W. Muller.
• Valuing Mortgage Loan Servicing, Journal of Real Estate Finance and Economics, March 1988, 1, No. 1, 5-22, with L. D. Van Drunen.
• The Determinants of Yields on Financial Leasing Contracts, Journal of Financial Economics, September 1987, 19, No. 1, 45-67, with J. S. Schallheim, R. Johnson and R. C. Lease.
• The Puzzle in Post-Listing Common Stock Returns, Journal of Finance, March 1987, 42, No. 1, 119-140, with G. C. Sanger.
• The Evidence on Limited Voting Stock: Motives and Consequences, Midland Corporate Finance Journal, Summer 1986, 4, No. 2, 66-71, with R. C. Lease and W. H. Mikkelson.
• LYON Taming, Journal of Finance, July 1986, 41, No. 3, 561-577, with E. S. Schwartz.
• Corporate Mergers and Security Returns, Journal of Financial Economics, June 1986, 16, No. 2, 143-187, with D. K. Dennis.
• Stock Exchange Listings, Firm Value, and Security Market Efficiency: The Impact of NASDAQ, Journal of Financial and Quantitative Analysis, March 1986, 21, No. 1, 1-25, with G. C. Sanger.
• A Model for the Determination of ‘Fair’ Premiums on Lease Cancellation Insurance Policies, Journal of Finance, December 1985, 40, No. 5, 1439-1457, with J. S. Schallheim.
• Corporate Capital Expenditure Decisions and the Market Value of the Firm, Journal of Financial Economics, September 1985, 14, No. 3, 399-422, with C. J. Muscarella.
• Corporate Combinations and Common Stock Returns: The Case of Joint Ventures, Journal of Finance, June 1985, 40, No. 2, 519-536, with T. J. Nantell.
• The Market Value of Differential Voting Rights in Closely Held Corporations, Journal of Business, October 1984, 57, No. 4, 443-467, with R. C. Lease and W. H. Mikkelson.
• The Turn-of-the-Year in Canada, Journal of Finance, March 1984, 39, No. 1, 185-192, with A. Berges and G. G. Schlarbaum.
• A Trading Strategy for New Listings on the NYSE, Financial Analysts Journal, January/February 1984, 40, No. 1, 34-38, with G. Sanger.
• Valuation of Asset Leasing Contracts, Journal of Financial Economics, August 1983, 12, No. 2, 237-261, with J. S. Schallheim.
• The Market Value of Control in Publicly-Traded Corporations, Journal of Financial Economics, April 1983, 11, Nos. 1-4, 439-471, with R. C. Lease and W. H. Mikkelson.
• An Empirical Investigation of the Impact of ‘Antitakeover’ Amendments on Common Stock Prices, Journal of Financial Economics, April 1983, 11, Nos. 1-4, 361-399, with S. Linn.
• The Income Bond Puzzle, Chase Financial Quarterly, Summer 1982, 1, No. 9, 9-28, with G. G. Schlarbaum.
• The Administrative Costs of Corporate Bankruptcy, Journal of Finance, March 1982, 37, No. 1, 219-226, with J. S. Ang and J. H. Chua.
• Rate of Return Indexes for GNMA Securities, Journal of Portfolio Management, Winter 1981, 7, No. 2, 65-74, with K. B. Dunn.
• Further Evidence on the Terms of Financial Leases, Financial Management, Autumn 1981, 10, No. 4, 7-14, with P. J. Crawford and C. P. Harper.
• Valuation of GNMA Mortgage-Backed Securities, Journal of Finance, June 1981, 36, No. 3, 599-616, with K. B. Dunn.
• A Comparison of Alternative Models for Pricing GNMA Mortgage-Backed Securities, Journal of Finance, May 1981, 36, No. 2, 471-484, with K. B. Dunn.
• Returns, Risks and Pricing of Income Bonds, 1956-1976, Does Money Have An Odor?, Journal of Business, January 1981, 54, No. 1, 33-63, with G. G. Schlarbaum.
• Evidence on the Impact of Exchange Offers on Security Prices: The Case of Income Bonds, Journal of Business, January 1981, 54, No. 1, 65-85, with G. G. Schlarbaum.
• Rates of Return on GNMA Securities: The Cost of Mortgage Funds, Journal of American Real Estate and Urban Economics Association, Fall 1980, 8, 320-336, with K. B. Dunn.
• Capital Market Influences on Trade Credit Policies, Journal of Financial Research, Fall 1980, III, No. 2, 105-113, with W. G. Lewellen and J. A. Scott.
• Another Foray into the Backwaters of the Market, Journal of Portfolio Management, Fall 1980, 7, 61-65, with G. G. Schlarbaum.
• Discussion, Journal of Finance, May 1980, 35, 465-467. Market-Based and Accounting Standards for Public Utility Rate Regulation, Journal of Business Research, June 1979, 7, 117-138, with W. G. Lewellen.
• Sale-And-Leaseback Agreements and Enterprise Valuation, Journal of Financial and Quantitative Analysis, December 1978, XIII, 871-883, with E. H. Kim and W. G. Lewellen.
• Financial Leverage Clienteles: Theory and Evidence, Journal of Financial Economics, 7, 83-110, 1978, with E. H. Kim and W. G. Lewellen.
• Tax Reform, Firm Valuation, and Capital Costs, Financial Management, 6, 59-66, 1977, with W. G. Lewellen.
• Price Distortions Induced by The Revenue Structure of Federally-Sponsored Mortgage Loan Programs, Journal of Finance, 32, 1201-1206, 1977.
• Credit Scoring System Aids Second Mortgage Makers, The Mortgage Banker, 37, 29-34, 1977, with M. S. Long.
• Capital Cost and Adjusted Present Value: Reconciliation and Amplification, Journal of Business Research, 5, 109-127, 1977, with W. G. Lewellen and M. S. Long.
• Capital Structure Rearrangements and Me-First Rules in an Efficient Capital Market, Journal of Finance, 32, 789-810, 1977, with E. Han Kim and P. R. Greenwood.
• Corporate Merger and The Co-Insurance of Corporate Debt, Journal of Finance, 32, 2, 349-365, 1977, with E. Han Kim.
• Mortgage Company Bids on The GNMA Auction, Journal of Bank Research, 7, 294-302, 1977.
• Valuation of A Mortgage Company’s Servicing Portfolio, Journal of Financial and Quantitative Analysis, 11, 433-453, 1976.
• Asset Leasing In Competitive Capital Markets, Journal of Finance, 31, 787-798, 1976, with W. G. Lewellen and M. S. Long.
• Mortgage Companies: A Financial Model and Evaluation of Their Residential Real Estate Lending Activities: A Dissertation Abstract, Journal of Finance, 30, 1157-1158, 1975.
• The Weighted Average Cost of Capital: Some Questions on Its Definition, Interpretation and Use: Comment, Journal of Finance, 30, 883-886, 1975, with C. M. Sandberg.
• Profit/Loss Evaluation Model Has Varied Applications, The Mortgage Banker, 35, 12-17, 1975.
• Evaluation Model Can Maximize Single-Family Servicing Profits, The Mortgage Banker, 35, 5-11, 1975.
• Payback Substitutes for Discounted Cash Flow, Financial Management, 2, 17-23, 1973, with W. G. Lewellen and H. P. Lanser.

P. Raghavendra Rau

• Good stewards, cheap talkers, or family men? The impact of mutual fund closures on fund managers, flows, fees, and performance, (with Arturo Bris, Huseyin Gulen, and Padma Kadiyala), Review of Financial Studies, forthcoming.
• The impact of all-star analyst job changes on their coverage choices and investment banking deal flow, (with Jonathan Clarke, Ajay Khorana, Ajay Patel), Journal of Financial Economics, forthcoming.
• Tunneling, Propping, and Expropriation: Evidence from connected party transactions in Hong Kong, Journal of Financial Economics, 82, 343-386, 2006, with Yan-Leung Cheung and Aris Stouraitis.
• Changing names with style: Mutual fund name changes and their effects on fund flows, Journal of Finance, 60, 2825-2858, 2005, with Mike Cooper and Huseyin Gulen
• Managerial actions in response to a market downturn: Valuation effects of name changes in the dot.com decline, Journal of Corporate Finance, 11, 319-335, 2005, with Ajay Patel, Igor Osobov, Ajay Khorana, and Mike Cooper.
• Investor Reaction to Corporate Event Announcements: Under-reaction or Over-reaction?, Journal of Business, 77, 357-386, 2004, with Padma Kadiyala.
• Regulation, Taxes, and Share Repurchases in the U.K., Journal of Business, 75, 245-282, 2002, with Theo Vermaelen
• A Rose.com by Any Other Name, Journal of Finance, 56, 2371-2388, 2001, with Mike Cooper and Orlin Dimitrov
• Investment Bank Market Share, Contingent Fee Payments and the Performance of Acquiring Firms, Journal of Financial Economics, 56, 293-324, 2000.
• Glamour, Value and the Post-Acquisition Performance of Acquiring Firms, Journal of Financial Economics, 49, 223-253, 1998, with Theo Vermaelen. Reprinted in David J. Denis and John McConnell, Corporate Restructuring, Edward Elgar Publishing, forthcoming.
• Management of Information Technology: The Indian Experience, Journal of Information Science and Technology, 1993, with H. R. Rao.
• Introducing a Multi-Plant Information System at Indian Oil, Long Range Planning, 25, 89-96, 1992, with Vidhu Shekhar and H. R. Rao.

Alessio Saretto

• Option Returns and the Cross-Sectional Predictability of Implied Volatility (with Amit Goyal)
• Option Strategies: Good Deals and Margin Calls (with Pedro Santa-Clara)
• Predicting and Pricing the Probability of Default