Publications

 

"Seasoned Equity Offerings, Market Timing, and the Corporate Lifecycle" (with Linda DeAngelo and Rene M. Stulz), forthcoming Journal of Financial Economics.

"Corporate Payout Policy" (with Linda DeAngelo and Douglas J. Skinner), Foundations and Trends in Finance, 2008, pp. 95-287.

"Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Lifecycle Theory" (with Linda DeAngelo and Rene M. Stulz), Journal of Financial Economics, 2006, pp. 227-254.

"The Irrelevance of the MM Dividend Irrelevance Theorem" (with Linda DeAngelo), Journal of Financial Economics, 2006, pp. 293-315.

"Are Dividends Disappearing? Dividend Concentration and the Consolidation of Earnings" (with Linda DeAngelo and Douglas J. Skinner), Journal of Financial Economics, June 2004, pp. 425-456.

Jensen Prize for the best corporate finance article in the Journal of Financial Economics for 2004.

"Asset Liquidity, Debt Contracts, and the Evaporation of Growth Opportunities: The Collapse of L.A. Gear" (with Linda DeAngelo and Karen H. Wruck), Journal of Financial Economics, April 2002, pp. 3-34.

"Special Dividends and the Evolution of Dividend Signaling" (with Linda DeAngelo and Douglas J. Skinner), Journal of Financial Economics, September 2000, pp. 309-354.

"Controlling Stockholders and the Disciplinary Role of Corporate Payout Policy: A Study of the Times Mirror Company" (with Linda DeAngelo), Journal of Financial Economics, May 2000, pp. 153-207.

"Ancient Redwoods and the Politics of Finance: The Hostile Takeover of the Pacific Lumber Company" (with Linda DeAngelo), Journal of Financial Economics, January 1998, pp. 3-53.

"Perceptions and the Politics of Finance: Junk Bonds and the Regulatory Seizure of First Capital Life" (with Linda DeAngelo and Stuart C. Gilson), Journal of Financial Economics, July 1996, pp. 475-511.

Also serves as the foundation for Harvard Business School case #9-296-032, "First Capital Holdings Corporation," (co-authored with Linda DeAngelo and Stuart C. Gilson).

"Reversal of Fortune: Dividend Policy and the Disappearance of Sustained Earnings Growth" (with Linda DeAngelo and Douglas J. Skinner), Journal of Financial Economics, March 1996, pp. 341-371.

"The Collapse of First Executive Corporation: Junk Bonds, Adverse Publicity, and the "Run on the Bank" Phenomenon," (with Linda DeAngelo and Stuart C. Gilson), Journal of Financial Economics, December 1994, pp. 287-336.

Also serves as the foundation for Harvard Business School case #9-294-105, "First Executive Corporation," (co-authored with Linda DeAngelo and Stuart C. Gilson).

"Accounting Choice in Troubled Companies" (with Linda DeAngelo and Douglas J. Skinner), Journal of Accounting and Economics, January 1994, pp. 113-143.

"Dividends and Losses" (with Linda DeAngelo and Douglas J. Skinner), Journal of Finance, December 1992, pp. 1837-1863.

"Union Negotiations and Corporate Policy: A Study of Labor Concessions in the Domestic Steel Industry During the 1980s" (with Linda DeAngelo), Journal of Financial Economics, November 1991, pp. 3-43

"Payout Policy and Tax Deferral" Journal of Finance, March 1991, pp. 357-368.

"Dividend Policy and Financial Distress: An Empirical Investigation of Troubled NYSE Firms," (with Linda DeAngelo), Journal of Finance, December 1990, pp. 1415-1431.

"Proxy Contests and the Governance of Publicly Held Corporations" (with Linda DeAngelo), Journal of Financial Economics, June 1989, pp. 29-59.

"Corporate Financial Policy and Corporate Control: A Study of Defensive Adjustments in Asset and Ownership Structure" (with Larry Y. Dann), Journal of Financial Economics, January/March 1988, pp. 87-127.

Reprinted in Corporate Restructuring: The International Library of Critical Writings in Financial Economics, John McConnell and David Denis, editors, Edwin Elgar, 2005.

"Management Buyouts of Publicly Traded Corporations" (with Linda DeAngelo), Modern Finance and Industrial Economics: Papers in Honor of J. Fred Weston, Thomas E. Copeland, editor, Basil Blackwell, Ltd., Oxford, England, 1986.

Also published in The Financial Analysts Journal, May/June 1987, pp. 38-49.

"Managerial Ownership of Voting Rights: A Study of Public Corporations with Dual Classes of Common Stock" (with Linda DeAngelo), Journal of Financial Economics, March 1985, pp. 33-69.

"Going Private: Minority Freezeouts and Stockholder Wealth" (with Linda DeAngelo and Edward M. Rice), Journal of Law and Economics, October 1984, pp. 367-401.

Excerpted in The Law and Finance of Corporate Acquisitions, Ronald J. Gilson, Foundation Press, Mineola, New York, 1986.

Reprinted in Corporate Restructuring: The International Library of Critical Writings in Financial Economics, John McConnell and David Denis, editors, Edwin Elgar, 2005.

"Going Private: The Effects of a Change in Corporate Ownership Structure" (with Linda DeAngelo and Edward M. Rice), Midland Corporate Finance Journal, Summer 1984, pp. 35-43.

Reprinted in The Revolution in Corporate Finance, Joel M. Stern and Donald H. Chew, Jr., editors, Basil Blackwell, Ltd., Oxford, England, 1986.

Reprinted in Corporate Restructuring and Executive Compensation, Joel M. Stern, G. Bennett Stewart III, and Donald H. Chew, editors, The Institutional Investor Series in Finance, Ballinger Publishing Company, Cambridge, Massachusetts, 1989.

"Standstill Agreements, Privately Negotiated Stock Repurchases, and the Market for Corporate Control" (with Larry Y. Dann), Journal of Financial Economics, April 1983, pp. 275-300.

"Antitakeover Charter Amendments and Stockholder Wealth" (with Edward M. Rice), Journal of Financial Economics, April 1983, pp. 329-359.

"Leverage and Dividend Irrelevancy Under Corporate and Personal Taxation" (with Ronald W. Masulis), Journal of Finance, May 1980, pp. 453-464.

"Optimal Capital Structure Under Corporate and Personal Taxation" (with Ronald W. Masulis), Journal of Financial Economics, March 1980, pp. 3-29.

Reprinted in The Modern Theory of Corporate Finance, Michael C. Jensen and Clifford W. Smith, Jr., editors, McGraw Hill, New York, 1984.

"Competition and Unanimity" American Economic Review, March 1981, pp. 18-29.

Reprinted in The Theory of Corporate Finance, Michael J. Brennan, editor, EdwinElgar, Williston, Vermont, 1997.

 

Other Publications

"The Numbers Show Everyone Profits" (with Linda DeAngelo), The New York Times Sunday Business Forum, January 22, 1984.

"High Leverage and Stock Market Pressures on Corporate Management" J. Ira Harris Center for the Study of Corporate Finance, University of Michigan, Ann Arbor, March 15, 1990.

Forum organizer; transcript published in Journal of Applied Corporate Finance, Summer 1990.

"Fisher Separation Theorem" entry in The New Palgrave Dictionary of Money and Finance, 1992.

"Proxy Contests" (with Linda DeAngelo) entry in The New Palgrave Dictionary of Money and Finance, 1992.

"Corporate Governance: The Board of Directors Role in Takeover Bids and Defenses" J. Ira Harris Center for the Study of Corporate Finance, University of Michigan, Ann Arbor, April 6-7, 1989.

Forum organizer; transcript published in Journal of Applied Corporate Finance, Summer 1989.

"Bankruptcies, Workouts, and Turnarounds" J. Ira Harris Center for the Study of Corporate Finance, University of Michigan, Ann Arbor, April 5, 1991.

Forum organizer; transcript published in Journal of Applied Corporate Finance, Summer 1991.

 

This page last updated 6/9/2009.