Published Papers
"Capital Structure and Dividend Irrelevance
with Asymmetric Information," with Philip H. Dybvig,
(1991) Review of Financial Studies 4, 201-219.
Reprinted in Stephen A. Ross,
Mentor: Influence Through Generations edited by Mark Grinblatt, McGraw-Hill
Irwin, USA.
"Optimal Financial Instruments" (1991) Journal
of Finance 46, 1645-1663.
"Auctions of Divisible Goods: On the Rationale for
the Treasury Experiment" with Kerry Back,
(1993) Review of Financial Studies 6, 733-764.
Reprinted in The Economic Theory
of Auctions edited by Paul Klemperer, Elgar Publishing Ltd., U.K.
"Optimal Bankruptcy Law and Firm-Specific
Investments" with Elazar Berkovitch and Ronen Israel,
(1997) European Economic Review 41, 487-497.
"Bankruptcy, Warrants and State Contingent Changes
in the Ownership of Control" with Avner Kalay,
(1997) Journal of Financial Intermediation 6, 347-379.
"The Design of Bankruptcy Law: A Case for
Management Bias in Bankruptcy Reorganizations" with Elazar Berkovitch
and Ronen Israel, (1998) Journal of Financial and Quantitative Analysis 33,
441-464.
"Do Incentives Matter? Managerial Contracts
for Dual-Purpose Funds" with James S. Schallheim and Michael L. Lemmon,
(2000) Journal of Political Economy 108, 273-299.
"Auctions of Divisible Goods with Endogenous
Supply," with Kerry Back, (2001) Economics Letters 73, 29-34.
"Auctioning Divisible Goods," with Jim
Wang, (2002) Economic Theory 19, 673-705.
"Competition and Cooperation in Divisible Good
Auctions: An Experimental Examination," with Orly Sade and Charles
Schnitzlein,
(2006) Review of Financial Studies, 19, 195 - 235.
"When Less (Potential Demand) Is More (Revenue):
Asymmetric Bidding Capacities in Divisible Good Auctions," with Orly
Sade
and Charles Schnitzlein, (2006), Review of Finance, 10, 389 - 416.
Back to the Beginning:
Persistence and the Cross-Section of Corporate Capital Structure," with
Michael L. Lemmon
and Michael R. Roberts, (2008), Journal of Finance, 63, 1575 -
1608.
Awarded the Brattle Prize for
Distinguished Paper in The Journal of Finance 2008.
"Debt Capacity and Tests of Capital
Structure Theories," with Michael L. Lemmon, (2010), Journal of Financial
and Quantitative Analysis,
45, 1161 - 1187.
"Moral Hazard, Asymmetric Information,
and IPO Lockups," with Chris Yung, (2010), Journal of Corporate Finance,
16,
320 - 332.
"Divisible Good Auctions with Asymmetric Information: An Experimental Examination," with Emmanuel Morales-Camargo, Orly Sade,
and Charles Schnitzlein, (2013) Journal of Financial and Quantitative Analysis, 48, 1271 - 1300.
"On the Persistence of Overconfidence: Evidence From Multi-Unit Auctions," with Emmanuel Morales-Camargo, Orly Sade,
and Charles Schnitzlein, Journal of Behavioral Finance, forthcoming.