Research

29

Worker heterogeneity and the effect of noncompetes on firm performance. Journal of Economics & Management Strategy, in press. with Z. He

AwardBest Empirical Finance Paper, Southern Finance Association (SFA) Meeting 2022

28

Highly skilled immigrants and local housing prices: Evidence from the H-1B visa lottery. Journal of Real Estate Research, in press. with E. Beracha, E. Kim, & Y. Xi

27

Shocks to CEO overconfidence and the deflation of hubris in acquisitions. Journal of Empirical Finance, 88 (2026), 101745. with Y. Xi

26

CFO social capital, liquidity management, and the market value of cash. Journal of Banking & Finance, 163 (2024), 107163. with C. Anderson & Y. Xi

25

Indirect insider trading. Journal of Financial & Quantitative Analysis, 58 (2023), 2327–2364. with B. Goldie, C. Jiang, & P. Koch

24

On the relation between innovation and housing prices: A metro level analysis of the US market. Journal of Real Estate Finance & Economics, 65 (2022), 622–644. with E. Beracha, Z. He, & Y. Xi

23

Insider trading and the legal expertise of corporate executives. Journal of Banking & Finance, 127 (2021), 106114. with C. Jiang & Y. Xi

22

Partisan bias in fund portfolios. Journal of Financial & Quantitative Analysis, 55 (2020), 1717–1754. with Y. Xi

HonorJFQA High Impact Article in 2020

MediaCNBC, Reuters, Wall Street Journal, Barron's, Seeking Alpha

21

Insider trading patterns. Journal of Corporate Finance, 64 (2020), 101654. with L. Biggerstaff & D. Cicero

20

Friendly directors and the cost of regulatory compliance. Journal of Corporate Finance, 58 (2019), 112–141. with Y. Xi

19

Offshore expertise for onshore companies: Director connections to island tax havens and corporate tax policy. Management Science, 64 (2018), 3241–3268. with C. Jiang, T. Kubick, & M. Miletkov

18

Foreign independent directors and the quality of legal institutions. Journal of International Business Studies, 48 (2017), 267–292. with M. Miletkov & A. Poulsen

DataSupplemental material

17

Do CMO incentives matter? An empirical investigation of CMO compensation and its impact on firm performance. Management Science, 63 (2017), 1993–2015. with N. Bansal, K. Joseph, & M. Ma

AwardGuy O. and Rosa Lee Mabry Award for Best Paper in the KU School of Business, 2017

16

Director networks and informed traders. Journal of Accounting & Economics, 62 (2016), 1–23. with F. Akbas & F. Meschke

FeaturedHarvard Law School Forum on Corporate Governance

15

The cost of innovation: R&D and high cash holdings in U.S. firms. Journal of Corporate Finance, 41 (2016), 280–303. with Z. He

14

Investor protection and the role of firm-level financial transparency in attracting foreign investment. Financial Review, 24 (2015), 393–434. with B. Hansen & M. Miletkov

HonorFinalist, Financial Review Reader's Choice Best Paper Award, 2015

13

Corporate boards and acquirer returns: International evidence. Managerial Finance, 41 (2015), 244–266. with M. Miletkov & S. Moskalev

12

The role of corporate board structure in attracting foreign investors. Journal of Corporate Finance, 24 (2014), 143–157. with M. Miletkov & A. Poulsen

AwardBest Paper in International Finance, Eastern Finance Association (EFA) Meeting, 2014

11

How do public companies adjust their board structures? Journal of Corporate Finance, 23 (2013), 108–127. with D. Cicero & T. Yang

10

Advertising investments, information asymmetry and insider gains. Journal of Empirical Finance, 22 (2013), 1–15. with K. Joseph

09

Forecasting residential real estate price changes from online search activity. Journal of Real Estate Research, 35 (2013), 283–312. with E. Beracha

AwardBest Paper (Housing Category), 2012 American Real Estate Society (ARES) Meeting

08

Disentangling the market value of customer satisfaction: Evidence from market reaction to the unanticipated component of ACSI announcements. International Journal of Research in Marketing, 30 (2013), 168–178. with V. Ivanov & K. Joseph

07

Endogeneity and the dynamics of internal corporate governance. Journal of Financial Economics, 105 (2012), 581–606. with J. Linck & J. Netter

FeaturedHarvard Law School Forum on Corporate Governance

CitationsTop 1% in citations in Economics & Business for its publication year (Web of Science); JFE Hall of Fame for top-cited papers in Volumes 1–111

06

The size, concentration and evolution of corporate R&D spending in U.S. firms from 1976 to 2010: Evidence and implications. Journal of Corporate Finance, 18 (2012), 496–518. with M. Hirschey & H. Skiba

05

Financial development and the evolution of property rights and legal institutions. Emerging Markets Review, 13 (2012), 650–673. with M. Miletkov

04

Implications of data screens on merger and acquisition analysis: A large sample study of mergers and acquisitions from 1992–2009. Review of Financial Studies, 24 (2011), 2316–2357. with J. Netter & M. Stegemoller

Reprinted, Mergers and Acquisitions (2012), ed. J. H. Mulherin, Edward Elgar Publishing

AwardGuy O. and Rosa Lee Mabry Award for Best Paper in the KU School of Business, 2012

03

Forecasting abnormal stock returns and trading volume using investor sentiment: Evidence from online search. International Journal of Forecasting, 27 (2011), 1116–1127. with K. Joseph & Z. Zhang

02

Legal institutions, democracy and financial sector development. Advances in Financial Economics, 13 (2009), 171–196. with M. Miletkov

01

Corporate boards and regulation: The effect of the Sarbanes-Oxley Act and the exchange listing requirements on firm value. Journal of Corporate Finance, 13 (2007), 229–250.

AwardBest Ph.D. Student Paper, 2006 Southern Finance Association (SFA) Meeting

Publications

Working Papers