Working Papers

Vita

Representative Publications

• Do Country Level Investor Protections Impact Security Level Contract Design? Evidence from Foreign Bond Covenants, 2011, (with Natalia Reisel) forthcoming at the Review of Financial Studies
• Corporate Governance and the Hedging Premium around the World, 2011, (with Yiorgos Allayannis and Ugur Lel) Forthcoming at the Journal of International Economics.
• Analyst Forecast Characteristics and the Cost of Debt, 2011, Review of Accounting Studies, Vol 16, 1,p. 116-142
• Escape from New York: The Market Impact Loosening Disclosure Requirements, 2010, (with Nuno Fernandes and Ugur Lel), Journal of Financial Economics, 95, 2, p. 129-147. (Lead Article)
• Private Benefits of Control, Ownership, and the cross-listing decision, 2009, (with Craig Doidge, Andrew Karolyi, Karl Lins, and Rene Stulz), Journal of Finance, Vol 95, 1.
• Does Corporate International Diversification Destroy Value? Evidence from Cross-Border Mergers and Acquisitions, 2008, (with Marcelo Dos Santos and Vihang Errunza), Journal of Banking and Finance, Vol 32, 12.
• International Cross-listing, Firm Performance, and Top Management Turnover: A Test of the Bonding Hypothesis, 2008, Journal of Finance, Vol. 63 No.4 (with Ugur Lel),
• Security Fungibility and the Cost of Capital: Evidence from Global Bonds, 2005, Journal of Financial and Quantitative Analysis, Vol. 40 No. 4 (with John Puthenpurackal)
• Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market, 2004, Journal of Accounting Research Vol. 42 No. 4, 755- 793, (with Sattar Mansi and William F. Maxwell)
• Concentrated Control, Analyst Following and Valuation: Do Analysts Matter Most When Investors are Protected Least?, 2004, Journal of Accounting Research Vol. 42 No. 3, 589-623, (with Mark Lang and Karl V. Lins)
• Valuation Effects of Global Equity Offerings: Evidence from Depositary Receipts, 2003, Journal of Banking and Finance, Vol. 27, No.9, 1611-1623, (with Vihang Errunza)
• ADRs, Analysts, and Accuracy: Does Cross Listing in the U.S. Improve Firm's Information Environment and Increase Market Value?, 2003, Journal of Accounting Research, Vol. 41 No. 2, 317-345 (with Mark Lang and Karl V. Lins)
• The Costs, Determinants, and Wealth Effects of International Capital Raising: Evidence from Public Yankee Bonds, 2002, Journal of Financial Intermediation, Vol. 11, No. 4, 455-485, (with John Puthenpurackal)
• Market Segmentation and the Cost of Capital in International Equity Markets, 2000, Journal of Financial and Quantitative Analysis, Vol. 35, No. 4, 577-600, (with Vihang Errunza)
• The Market Reaction to International Cross Listings: Evidence from Depositary Receipts, 1999, Journal of Financial Economics, Volume 51, No. 1, 103-123.