Research & Publications


Institutional investors and corporate governance: the incentive to be engaged. 2020, With Jonathan Lewellen, Journal of Finance, forthcoming

Hospital financial health and clinical choices: evidence from the financial crisis. 2020, With Manuel Adelino and W. Ben McCartney, Management Science, forthcoming

Does common ownership really increase firm coordination? 2020. With Michelle Lowry, Journal of Financial Economics, forthcoming

Performance-induced CEO turnover. 2020. With Dirk Jenter, Review of Financial Studies, Vol. 34, 2021, pp. 569-617 (lead article)

Equity vesting and investment. With Alex Edmans and Vivian Fang, Review of Financial Studies, Vol. 30, 2017, pp. 2229-2271 (lead article).

      Wharton School-WRDS Award for the Best Empirical Finance Paper, Western Finance Association Meetings, 2015
      Winner of the of the 2017 Investor Responsibility Research Center (IRRC) Institute Research Award

Investment and cashflow: new evidence. With Jonathan Lewellen, Journal of Financial and Quantitative Analysis 51, 2016, pp. 1135-1164

CEO preferences and acquisitions. With Dirk Jenter, Journal of Finance, Vol70, 2015, pp. 2813-2852.

Investment decisions of nonprofit firms: evidence from hospitals. With Manuel Adelino and Anant Sundaram, Journal of Finance Vol. 70, 2015, pp. 1583-1628.

Security issue timing: what do managers know and when do they know it? With Dirk Jenter and Jerold Warner, Journal of Finance, Vol. 66, 2011, pp. 413-443.

Risk, reputation, and IPO price support. Journal of Finance, Vol. 61, 2006, pp. 613–653.

Financing decisions when managers are risk averse. Journal of Financial Economics, Vol. 82, 2006, pp. 551–590.

Marketing role of IPOs: evidence from Internet stocks. With Elizabeth Demers, Journal of Financial Economics, Vol. 68, 2003, pp. 413–439. Reprinted in: Betriebswirtschaftliche Forschung und Praxis, September/October 2006, 468 – 480.


Women in charge: evidence from hospitals. 2020, Dartmouth College

Internal ownership structures of multinational firms. 2014, with Leslie Robinson, Dartmouth College

  • Multinational Finance Society Best Paper Award, 21st Annual Conference, 2014

Internal equity, taxes, and capital structure. 2006, with Jonathan Lewellen, Dartmouth College