Research

Publications

Research papers are available online at http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=342372

 The Dynamics of Mergers and Acquisitions (with Erwan Morellec), Journal of Financial Economics, 77, 2005

Competitive Equilibrium with Debt, Journal of Financial and Quantitative Analysis, 42, 2007

Earnings and Equity Valuation in the Biotech Industry: Theory and Evidence (with Philip Joos), Financial Management, 37, 2008.

Financing and Takeovers (with Erwan Morellec), Journal of Financial Economics, 87, 2008

Accelerated Investment in the Presence of Risky Debt (with Evgeny Lyandres), Journal of Banking and Finance, 34, 2010

A Theory of Merger-Driven IPOs (with Evgeny Lyandres and Jim Hsieh), Journal of Financial and Quantitative Analysis, 46, 2011

A Theory of Strategic Mergers (with Gennaro Bernile and Evgeny Lyandres), Review of Finance, 16, 2012

Real Options, Volatility, and Stock Returns (with Gustavo Grullon and Evgeny Lyandres), Journal of Finance, 67, 2012

Convertible Debt and Investment Timing (with Evgeny Lyandres), Journal of Corporate Finance, 2013

R&D and the Incentives from Merger and Acquisition Activity (with Gordon Phillips), Review of Financial Studies, 26, 2013

Investment Opportunities and Bankruptcy Prediction, Journal of Financial Markets, 2014

Financing Investment: The Choice between Public and Private Debt (with Erwan Morellec and Philip Valta), Management Science, 61, 2015

Distress Anomaly and Shareholder Risk: International Evidence (with Assaf Eisdorfer and Amit Goyal), Financial Management, 47, 2018

Equity Misvaluation and Default Options  (with Assaf Eisdorfer and Amit Goyal),  Journal of Finance, 74, 2019

Product Market Competition and Option Prices (with Erwan Morellec),  Review of Financial Studies, 32, 2019 

Does the Market Correctly Value Investment Options (with Evgeny Lyandres and Egor Matveyev),  Review of Finance, 24, 2020, lead article (editor’s choice)

Maturity Driven Mispricing of Options (with Assaf Eisdorfer and Ronnie Sadka), Journal of Financial and Quantitative Analysis, 57, 2022

Optimal Capital Structure with Imperfect Competition (with Egor Matveyev),  Review of Corporate Finance Studies, 11, 2022

Takeover Protections and Stock Returns (with Assaf Eisdorfer and Erwan Morellec), Management Science, forthcoming

Venture Capital Investments, Mergers and Competition Laws around the World (with Gordon Phillips), Review of Corporate Finance Studies, forthcoming

 

Working Papers

Short interest and Investment (with Alexei Boulatov, Gustavo Grullon, and Yelena Larkin)

Presented at Rice University, Texas A&M University, 2020 EFA 

Limited Attention and Option Prices  (with Alex Boulatov, Assaf Eisdorfer and Amit Goyal)

Presented at Australian National University Conference on Asset Pricing, Virtual Derivative Workshop, ASU Sonoran 2022 Conference