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WORKING PAPERS "How Informative are Analyst Recommendations and Insider Trades," with Lilian Ng and Qinghai Wang "Block Share Acquisitions and Bondholder Wealth Effects," with Dolly King "Shareholder Voting Rights in Mergers and Acquisitions," with Qinghai Wang "Determinants of the Trends in Aggregate Corporate Payout Policy," with Qinghai Wang
PUBLISHED OR FORTHCOMING ARTICLES "Determinants and Implications of Arbitrage Holdings in Acquisitions," with Ralph Walkling, Journal of Financial Economics 77, September 2005 [SSRN Working Paper Version] "The History and Performance of Concept Stocks," with Ralph Walkling, Journal of Banking and Finance 30, September 2006 [SSRN Working Paper Version] "Insiders' Tax Preferences and Firm's Choice between Dividends and Share Repurchases," with Qinghai Wang, Journal of Financial and Quantitative Analysis 43, March 2008 [SSRN Working Paper Version] "Stock Repurchases: Theory and Evidence," with Qinghai Wang, Kolb Series in Finance: Dividends and Dividend Policy, edited by H. Kent Baker, 2009 [SSRN Working Paper Version] "Informed Trading Before Analyst Downgrades: Evidence from Short Sellers," with Stephen Christophe and Michael Ferri, Journal of Financial Economics 95, January 2010 [SSRN Working Paper Version] "A Theory of Merger-Driven IPOs," with Evgeny Lyandres and Alexei Zhdanov, Journal of Financial and Quantitative Analysis 46, October 2011 [SSRN Working Paper Version]
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