Areas Of Interest
IPOs, Going
Public, Venture Capital and Investment Banking, Convertible Securities,
Corporate Restructuring, and Financial Intermediation.
Publications:
v “Do Hedge Funds Trade on Private Information? Evidence from
Syndicated Lending and Short-selling,” Journal of Financial Economics, 99(3), March 2011, pp:
477 – 499. Lead Article (with Nadia
Massoud, Anthony Saunders, and Keke Song) [WP version Download here]
v “The Going Public Decision and the Product Market,” Review
of Financial Studies, 23(5), May 2010, pp: 1855 –
1908 (with Thomas Chemmanur and Shan He).
[Download
from SSRN]
v “Why do Firms Denominate Bank Loans in Foreign Currencies?
Evidence from Canada and U.K.” Journal of Economics and Business, 62(6)
November/December 2010, pp: 577 – 603. [Download
here]
v “The Determinants of Contract Terms in Bank Revolving
Credit Agreements,” Journal of Financial and Quantitative Analysis,
Vol.35, No.1, March 2000 (with Steven Dennis and Ian G. Sharpe).
Book Chapters and
Proceedings:
v “How do Venture Capitalists Create Value for
Entrepreneurial Firms? A Review of the Literature,” forthcoming, Companion
to Venture Capital, Wiley, Chapter 13, edited by Douglas J. Cumming (with
Thomas Chemmanur and Karthik
Krishnan).
v “How Bank Regulation, Supervision and Lender Identity
Impact Loan Pricing: A Summary” Proceedings of the Annual Conference on Bank
Structure and Competition, Federal Reserve Bank of Chicago, Chicago,
Illinois, 2007, May issue, pp: 96-99. (with Li Hao and Gordon Roberts).
v “Summary of:
Institutional investment in syndicated loans,” Proceedings of the Annual
Conference on Bank Structure and Competition, Federal Reserve Bank of
Chicago, Chicago, Illinois, 2008, May issue, pp:
394-409. (with Pei
Shao).
Working
Papers:
- “The Exit Choices of Entrepreneurial Firms,” (with
Thomas Chemmanur, Jie
He, and Shan He) Working Paper, [Download
from SSRN]

- “Hedge Funds in M&A Deals: Is there Exploitation
of Private Information?” (with Rui Dai, Nadia
Massoud, and Anthony Saunders) Working Paper, York University. [Download
from SSRN]

- “How does Venture Capital Financing Improve
Efficiency of Private Firms? A Look Beneath the
Surface,” (with Thomas Chemmanur and Karthik
Krishnan) U.S. Bureau
of Census, CES Working Paper, CES-WP-08-16, 2008. [Download
from SSRN]
- “Institutional
Investment in Syndicated Loans,” (with Pei Shao) Working Paper,
York University and University of Northern British Columbia. [Download
from SSRN]
- “How do Spin-offs Increase Efficiency? A Look
Inside the Black Box,” (with Thomas
Chemmanur) U.S. Bureau
of Census, CES Working Paper, CES-WP-05-09, 2005. [Download
from SSRN]
- “How Bank Regulation and Lender Location
Influence Loan Pricing,” (with Li Hao
and Gordon Roberts) Working
Paper, York
University. [Download
from SSRN]
- “Capital Structure and Security Issuance
under Heterogeneous Beliefs,” (with Thomas
Chemmanur, Jean-Sebastien Michel, and An
Yan) Working paper, [Download
from SSRN]
- “Do Financing Expectations Affect
Announcement and Long-Run Stock Performance?” (with Mark Kamstra
and Pei Shao) Working
Paper, York University and University of Northern
British Columbia.
- “Why
Issue Mandatory Convertibles? Theory and Empirical Evidence,” (with Thomas Chemmanur
and An
Yan) Working paper, Boston College, Fordham University, and York University.
[Download
from SSRN]
