"The
Economic Benefits of the Sarbanes-Oxley Act: Evidence from a Natural
Experiment,"
with Phil
Strahan and Julie Zhu;
last revised: January 2009.
Working Papers (pdf files; link to my working papers on SSRN is here)
"The
Economic Benefits of the Sarbanes-Oxley Act: Evidence from a Natural
Experiment,"
with Phil
Strahan and Julie Zhu;
last revised: January 2009.
"The
African Financial Development Gap,"
with Franklin Allen,
Elena Carletti,
Robert Cull, and
Lemma Senbet;
last revised: March 2009; to be presented at the fourth
annual
Financial
Intermediation Research Society Conference in Prague.
"Comparing Legal and Alternative Institutions in Finance and Commerce," with Franklin Allen; last revised: January 2009; presented at the 2008 World Justice Program Vienna Conference, and the 2009 NYU-Penn Law and Finance Conference.
"The Financial System Capacities of China and India," with Franklin Allen, Rajesh Chakrabarti, Sankar De and Meijun Qian; last revised: April 2008; presented at the Second Joint CAF-FIC-SIFR Conference on Emerging Markets Finance, and the 2008 China International Conference in Finance in Dalian.
"Corruption and Competition," with Franklin Allen; last revised: August 2007; presented at the 2007 China International Conference in Finance in Chengdu, and the 2007 Summer Research Conference at the Indian School of Business.
"Financing Firms in India," with Franklin Allen, Rajesh Chakrabarti, Sankar De and Meijun Qian; last revised: April 2009; Questionnaire for the SME sector Survey; presented at the Darden-World Bank 2006 Conference on Emerging Markets, the 2006 European Finance Association meetings in Zurich; the first Wharton-ISB Conference on India's Financial System, and the 2007 Western Finance Association meetings.
"The Role of High-water Marks in Hedge Fund Compensation," with George O. Aragon; last revised: September 2007; presented at the 2006 European Finance Association meetings, the Conference on Financial Contracting at University of Mannheim, and the third Financial Intermediation Research Society Conference in Alaska.
"Holdups, Renegotiation, and Deal Protection in Mergers," with Edie Hotchkiss and Weihong Song; last revised: July 2005; presented at the 2005 American Finance Association meetings in Philadelphia and 2005 Western Finance Association meetings in Oregon.
"Project Selection, Production, Uncertainty, and Incentives," joint with John Core, revised: August 2003.
Publications and Forthcoming Articles
In Refereed Journals:
"Law, Finance, and Economic Growth in China," with Franklin Allen and Meijun Qian; July 2005, Journal of Financial Economics, 77 (1), 57-116. Questionnaire for Firm Survey
Optimal Toeholds in Takeover Contests," with Eitan Goldman; August 2005, Journal of Financial Economics, 77 (2), 321-346.
"Endogenous Financial Intermediation and Real Effects of Capital Account Liberalization," with George Alessandria; September 2005, Journal of International Economics, 67(1), 97-128. Additional examples, proofs, and analysis are included here.
"Buy-side Analysts, Sell-side Analysts, and Investment Decisions of Money Managers," with Yingmei Cheng and Mark H. Liu; March 2006, Journal of Financial and Quantitative Analysis, 41(1), 51-83.
"How Law and Institutions Shape Financial Contracts: The Case of Bank Loans," with Phil Strahan; December 2007, Journal of Finance, 62 (6), 2803-2834.
"Are
Fairness Opinions Fair? The Case of Mergers and Acquisitions,"
with Darren
Kisgen and Weihong Song;
February 2009,
Journal
of Financial Economics, 91(2), 179-207.
Books and Book Chapters:
"China's Financial System: Past, Present, and Future," with Franklin Allen and Meijun Qian; last revised, March 2007; Chapter 14 in China's Great Economic Transformation, edited by Loren Brandt and Thomas Rawski, Cambridge University Press; older version with more examples and case studies is here.
"Law, Institutions, and Finance in China and India," with Franklin Allen, Rajesh Chakrabarti, Sankar De and Meijun Qian; last revised: Feb. 2008; forthcoming in Emerging Giants: China and India in the World Economy, edited by Barry Eichengreen, Poonam Gupta, and Rajiv Kumar.
"A
Review of China's
Financial System and Initiatives for the Future,"
with
Franklin Allen,
Meijun Qian,
and Mengxin Zhao,
last revised, July 2008; lead chapter in
China's Emerging Financial Markets: Challenges and
Opportunities,
edited by
James R. Barth, John A. Tatom, and Glenn Yago, the Milken Institute
Series on Financial Innovation and Economic Growth, Springer.
Other Publications
"Comparing China's Financial System," with Franklin Allen and Meijun Qian; China Journal of Finance, Vol. 1, 1-28, June 2003.
"Building China's Financial System in the 21st Century," with Franklin Allen and Meijun Qian; Harvard China Review, Vol. IV (1), 36-41, August 2003.
"Will China's Financial System Stimulate or Impede the Growth of Its Economy?" with Franklin Allen and Meijun Qian; July 2005, Asia Program Special Report No. 129, pp. 33-41, Woodrow Wilson International Center for Scholars, Washington, D.C.
Last updated: March 2009