Publications

 

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

"Corporate Payout Policy" (with Harry 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 Harry DeAngelo and Rene M. Stulz), Journal of Financial Economics, 2006, pp. 227-254.

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

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

"Special Dividends and the 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.

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

"Reversal of Fortune: Dividend Signaling and the Disappearance of Sustained Earnings Growth" (with Harry 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 Harry DeAngelo and Stuart C. Gilson), Journal of Financial Economics, December 1994, pp. 287-336.

Also serves as the foundation for Harvard Business School teaching case #9-294-105, "First Executive Corporation" (co-authored with Harry DeAngelo and Stuart C. Gilson).
"Accounting Choice in Troubled Companies" (with Harry DeAngelo and Douglas J. Skinner), Journal of Accounting and Economics, January 1994, pp. 113-143.

"Dividends and Losses" (with Harry 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 Harry DeAngelo), Journal of Financial Economics, November 1991, pp. 3-43.

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

"Accounting Information and Corporate Governance: Market and Analyst Reactions to Earnings of Firms Engaged in Proxy Contests" (with Daniel W. Collins), Journal of Accounting and Economics, October 1990, pp. 213-247.

"Equity Valuation and Corporate Control," The Accounting Review, January 1990, pp. 93-112.

Reprinted in The Economics of Accounting Policy Choice, Ray Ball and Clifford W. Smith, Jr., Editors, McGraw-Hill Book Company, New York, New York, 1992, pp. 140-159.

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

"Discussion of "Evidence of Earnings Management from the Provision for Bad Debts" Journal of Accounting Research, 1988 Supplement, pp. 32-40.

"Managerial Competition, Information Costs, and Corporate Governance: The Use of Accounting Performance Measures in Proxy Contests" Journal of Accounting and Economics, January 1988, pp. 3-36.

"Accounting Numbers as Market Valuation Substitutes: A Study of Management Buyouts of Public Stockholders" The Accounting Review, July 1986, pp. 400-420.

"Management Buyouts of Publicly-Traded Corporations" (with Harry DeAngelo), in 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 Harry DeAngelo), Journal of Financial Economics, March 1985, pp. 33-69.

"Going Private: Minority Freezeouts and Stockholder Wealth" (with Harry 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.

"Going Private: The Effects of a Change in Corporate Ownership Structure" (with Harry 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.

Also reprinted in Corporate Restructuring and Executive Compensation, Joel M. Stern, G. Bennett Stewart III and Donald H. Chew, Jr., Editors, Ballinger Publishing Company, Cambridge, Massachusetts, 1989.

"Mandated Successful Efforts and Auditor Choice" Journal of Accounting and Economics, December 1982, pp. 171-203.

"Unrecorded Human Assets and the ‘Hold Up’ Problem" Journal of Accounting Research, Spring 1982, pp. 272-274.

"Auditor Size and Audit Quality" Journal of Accounting and Economics, December 1981, pp. 183-199.

"Auditor Independence, ‘Low Balling’, and Disclosure Regulation" Journal of Accounting and Economics, August 1981, pp. 113-127.

"The Auditor-Client Contractual Relationship: An Economic Analysis" UMI Research Press, Ann Arbor, Michigan, 1981.

 

OTHER PUBLISHED WORK:

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

"Going Private: The Effects of a Change in Corporate Ownership Structure" (with Harry DeAngelo and Edward M. Rice), Rochester Management Review, Summer 1986, pp. 11-13.

"The Use of Accounting Performance Measures in Proxy Contests" Simon Management Review, Winter 1988, pp. 9-13.

"Do Leveraged Buyouts Really Help the Economy?" The Detroit News Sunday Editorial Page, December 11, 1988.

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

This page last updated 6/9/2009.