Differences in Governance Practice between U.S. and Foreign Firms: Measurement, Causes, and Consequences (with Reena Aggarwal, René Stulz, and Rohan Williamson), 2009,

Review of Financial Studies 23/3, pages 3131-3169.

Recipient of the Institute for Quantitative Research in Finance (Q-Group) Research Grant


Does Governance Travel Around the World? Evidence from Institutional Investors (with Reena AggarwalMiguel Ferreira and Pedro Matos), 2011,

Journal of Financial Economics 100/1, pages 154-181.

(Governance data used in this paper can be downloaded here:

Recipient of the 2010 China International Conference in Finance Best Paper Award


The Effect of Bank Mergers on Loan Prices: Evidence from the United States, 2011,

Review of Financial Studies 24/4, pages 1068-1101.

Nominated as the First Runner Up for the Best Paper Award in Financial Markets and Institutions by Financial Management Association


Macroeconomic Conditions and Capital Raising (with Brandon Julio, Woojin Kim, and Michael Weisbach), 2012,

Review of Financial Studies 25/2, pages 341-376.


Determinants of Cross-Border Mergers and Acquisitions (with Rose Liao and Michael Weisbach), 2012,

Journal of Finance 67/3, pages 1045-1082.


Economic Nationalism in Mergers and Acquisitions (with Serdar Dinc), 2013,

Journal of Finance 68/6, pages 2471-2514.


Why did Holdings of Highly-Rated Securitization Tranches Differ So Much Across Banks? (with Taylor Nadauld and René M. Stulz), 2014,

Review of Financial Studies 27/2, pages 404-453.


Do Acquisitions Relieve Target Firms’ Financial Constraints?  (with Yeejin Jang and Michael Weisbach), 2015,

Journal of Finance 70/1, pages 289-328.


A Theory of Risk Capital (with Stewart C. Myers and James A. Read, Jr.)

Journal of Financial Economics, forthcoming.