Articles

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Are banks still special when there is a secondary market for loans? (with Anthony Saunders), Journal of Finance, Forthcoming (2011)

When a borrowing firm's existing loans trade for the first time in the secondary loan...

 

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Bank Debt versus Bond Debt: Evidence from Secondary Market Prices (with Edward I. Altman and Anthony Saunders), Journal of Money, Credit and Banking (2010)

This paper uses a new data set of daily secondary market prices of loans to...

 

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Valuation effects of global diversification (with Christoph Schenzler and Lemma W. Senbet), Journal of International Business Studies (2009)

This paper examines the effect of global diversification on firm value using a data set...

 

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Shareholder-Initiated Class Action Lawsuits: Shareholder Wealth Effects and Industry Spillovers (with Craig M. Lewis), Journal of Financial and Quantitative Analysis (2009)

This paper documents significantly negative stock price reactions to shareholder initiated class action lawsuits. We...

 

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Bank incentives, economic specialization, and financial crises in emerging economies (with Kose John and Lemma W. Senbet), Journal of International Money and Finance (2008)

We model the vulnerability of an economy to a financial crisis as arising from the...

 

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News spillovers in the sovereign debt market (with David C. Parsley), Journal of Financial Economics (2005)

We study the effect of a sovereign credit rating change of one country on the...

 

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Enhancing Security Value by Ownership Restrictions: Evidence from a Natural Experiment (with Manju Puri), Financial Management (2005)

We present new evidence from a natural experiment to show circumstances in which ownership restrictions...

 

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Bank entry, competition, and the market for corporate securities underwriting (with Manju Puri and Anthony Saunders), Journal of Financial Economics (1999)

This paper examines the competitive effects of commercial bank entry into the corporate debt underwriting...

 

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Bank underwriting of debt securities: modern evidence (with Manju Puri, Anthony Saunders, and Ingo Walter), Review of Financial Studies (1997)

This article examines debt securities underwritten by Section 20 subsidiaries of bank holding companies relative...

 

Unpublished Papers

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Why do U.S. securities laws matter to non-U.S. firms? Evidence from private class-action lawsuits (with Darius P. Miller), SMU Working Paper (2011)

A continuing controversy is whether U.S. securities laws are enforced against foreign firms, since public...

 

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CEO Compensation at Financial Firms (with Swami Kalpathy), SMU Working Paper (2011)

We use a novel dataset of emergency capital provided by the U.S. Federal Reserve to...