Downloadable Publications

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

"Capital Structure Dynamics and Transitory Debt" (with Harry DeAngelo and Toni M. Whited), Working Paper, Marshall School of Business, USC, and School of Business, University of Wisconsin, September 2008.

"Capital Structure, Payout Policy, and Financial Flexibility" (with Harry DeAngelo), Working Paper, Marshall School of Business, University of Southern California, October 2007.

"Payout Policy Pedagogy: What Matters and Why" (with Harry DeAngelo), Working Paper, Marshall School of Business, University of Southern California, March 2006.

"What’s Really Wrong With U.S. Business Schools?" (with Harry DeAngelo and Jerold L. Zimmerman), Working Paper, USC and University of Rochester.

"Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Lifecycle Theory," (with Harry DeAngelo and Rene M. Stulz), Forthcoming Journal of Financial Economics.

"The Irrelevance of the MM Dividend Irrelevance Theorem," (with Harry DeAngelo), Forthcoming Journal of Financial Economics.

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

"Asset Liquidity, Debt Covenants, and Managerial Discretion in Financial Distress:  The Collapse of L.A. Gear," (with Harry DeAngelo and Karen J. Wruck), Journal of Financial Economics, April 2002, pp. 3-34.

"Special Dividends and Evolution of Dividend Signaling," (with Harry 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 Harry 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 Harry 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 Harry DeAngelo and Stuart C. Gilson), Journal of Financial Economics, July 1996, pp. 475-511.

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