Do Tests of Capital Structure Theory Mean What They Say? Journal of Finance, 2007, 62, 1747-1787
The Trefftzs Award, Western Finance Association, 2004
The Dimitris N. Chorafas Foundation Award, the best paper, 2004
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Strategic Behavior and Credit Spreads: An Empirical Investigation (with Sergei Davydenko)
Journal of Finance, 2007, 62, 2633-2671
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Multiple Unit Auctions and Short Squeezes (with Kjell Nyborg) Review of Financial Studies, 2004, 17, 545-580
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Collateral and Short Squeezing of Liquidity in Fixed Rate Tenders (with Kjell Nyborg)
Journal of International Money and Finance, 2001, 20, 769-792
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The Aggregate Dynamics of Capital Structure and Macroeconomic Risk (with Harjoat S. Bhamra and Lars-Alexander Kuhn, 2008)
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The Levered Equity Risk Premium and Credit Spreads: A Unified Framework (with Harjoat S. Bhamra and Lars-Alexander Kuhn, 2008)
Presented: Western Finance Association (Big Sky, 2007), European Finance Association (Ljublyana, 2007), Duke/UNC Asset Pricing Conference (2007)
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Permanent vs Temporary Shocks: Explaining Corporate Financial Policies (with Alexander S. Gorbenko , 2008)
Presented: Western Finance Association (Montana, 2007), 13th Mitsui Finance Conference, 2007, UBC Summer Finance Conference, Whistler, 2008
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A Theory of Dynamic Corporate Financing and Dynamic Investment (with Sergey N. Lobanov , 2008)
Presented: American Finance Association, (New Orleans, 2008)
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The Evolution of Aggregate Stock Ownership: A Unified Explanantion (with Kristian Rydqvist and Joshua Spizman, 2008)
Presented: UNC Tax Symposium, 2008
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Cash Holdings and Credit Spreads , (with Viral Acharya and Sergei Davydenko, 2008)
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Firm Size and Capital Structure (with Alexander Kurshev, 2006)
Presented: European Finance Association (Moscow, 2005), Credit Risk and Financial Policies (Verona, 2006)
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The Mystery of Zero-Leveraged Firms (with Baozhong Yang, 2006)
Presented: Western Finance Association (Denver, 2006)
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Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations (with Ulrich Bindseil and Kjell Nyborg, 2005)
Presented: European Finance Association (Berlin, 2002), American Finance Association (Washington, 2003)
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Liquidity and Asset Pricing: Evidence from the U.S. Treasury Securities Market (2003)
Presented: European Finance Association (Barcelona, 2001), American Finance Association (Washington, 2003)
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Permanent vs Transitory Shocks: Explaining Corporate Financial Policies (with Alexander S. Gorbenko, 2007)

A Theory of Dynamic Corporate Financing and Investment (with Sergey N. Lobanov, 2007)

Ultra-Conservative Leverage Behavior: Agency Costs and Corporate Governance (with Baozhong Yang, 2007)

Long-Term Corporate Bond Pricing Data Set: 1865--2000 (with Stephen M. Schaefer, 2007)

What Firms Do in Financial Distress