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Industry equilibrium with blockchain
We analyze benefits and limitations of information sharing among product market rivals via a smart-contract-enabled blockchain. Firms...
Product market competition and equity returns
Working paper
Product market competition and convertible debt financing
Review of Corporate Finance, forthcoming
Labor-replacing automation and finance
Management Science, forthcoming
Product market competition with crypto tokens and smart contracts
Journal of Financial Economics 149 (1), July 2023
The choice between various freeze-out procedures and its consequences
Journal of Law, Finance, and Accounting 6 (2), November 2021
A theory of ICOs: Diversification, agency, and information asymmetry
Management Science 67 (10), October 2021
Does the market correctly value investment options?
Review of Finance 24 (6), November 2020
Owners’ portfolio diversification and firm investment
Review of Financial Studies 32 (12), December 2019
Inefficient mergers
Journal of Banking and Finance 108 (11), November 2019
Trade credit and supplier competition
Journal of Financial Economics 131 (3), March 2019
Do underwriters compete in IPO pricing?
Management Science 64 (2), February 2018
Cash holdings, competition, and innovation
Journal of Financial and Quantitative Analysis 51 (6), December 2016
Convertible debt and investment timing
Journal of Corporate Finance 24 (1), February 2014
Investment opportunities and bankruptcy prediction
Journal of Financial Markets 16 (3), August 2013
A Theory of strategic mergers
Review of Finance 16 (2), April 2012
A Theory of merger-driven IPOs
Journal of Financial and Quantitative Analysis 46 (5), October 2011
Strategic IPOs and product market competition
Journal of Financial Economics 100 (1), April 2011
Accelerated investment effect of risky debt
Journal of Banking and Finance 34 (11), November 2010
Costly external financing, investment timing, and investment–cash flow sensitivity
Journal of Corporate Finance 13 (5), December 2007
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