Contact
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Email
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Primary Office
- S286 Pappajohn Business Building (PBB)
- (319) 335-0921
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Department
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Fax
Websites
Positions
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Professor of Finance
Tippie College of Business
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Marvin and Rose Lee Pomerantz Chair in Finance, Finance
University of Iowa
Education
- PhD in Finance, University of California at Berkeley, 1987
- MBA, Indian Institute of Management at Ahmedabad, 1979
- BTech in Mechanical Engineering, Indian Institute of Technology at Delhi, 1977
Areas of Interest
- Accounting manipulation
- Corporate Finance
- Empirical capital markets
- Mergers and acquisitions
- Options
- Stock repurchases
Selected Publications
- , & (2014). What do credit markets tell us about the speed of leverage adjustment?. Management Science 60 2269-2290.
- & (2013). Are small firms less vulnerable to overpriced stock offers?. Journal of Financial Economics 110 (1) 61-86.
- & (2007). Incentive effects of stock and option holdings of target and acquirer CEOs. The Journal of Finance 61 1891-1933.
- (2006). Does a parent-subsidiary structure enhance financing flexibility?. The Journal of Finance 61 1337-1360.
- & (2005). Executive stock and option valuation in a two state-variable framework. The Journal of Derivatives, lead article 12 9-27.
- & (2004). The wealth effects of tracking stock restructurings. The Journal of Financial Research 27 559-583.
- , & (2002). Ownership structure, agency costs and dividend policy. Research in Finance, lead article 19 1-28.
- (2002). The Positive Announcement-Period Returns of Equity Carveouts: Asymmetric Information or Divestiture Gains?. Journal of Business 75 153-190.
- (1999). Long-Term Returns from Equity Carveouts. Journal of Financial Economics 51 273-308.
- & (1997). Do long-term shareholders benefit from corporate acquisitions?. Journal of Finance, lead article 52 1765-1790.
Selected Presentations
- (2018, April) Do managers provide misleading earnings forecasts before stock repurchases?. Paper Norman, Oklahoma.
- (2017, December) Stock merger activity and industry performance. Seminar presented at Auckland Finance Meetings, Queenstown, New Zealand.
- (2017, April) Stock merger activity and industry performance. Seminar presented at Iowa State University, Ames, Iowa.
- (2017, April) Stock merger activity and industry performance. Seminar presented at Friday seminar, Tuscaloosa, Alabama.
- (2016, February) Do managers provide misleading earnings guidance before stock repurchases?. Paper presented at Finance department, PBB.
- (2015, November) Do managers provide misleading earnings guidance before stock repurchases?. Paper presented at Accounting Department, PBB.
- (2012, November) Are small firms less vulnerable to overpriced stock offers?. Paper presented at Shanghai Advanced Institute of Finance, Shanghai, China.
- (2012, November) Are small firms less vulnerable to overpriced stock offers?. Paper presented at Renmin University, Beijing, Beijing, China.
- & (2012, October) Are small firms less vulnerable to overpriced stock offers?. Paper presented at Financial Management Association, Atlanta, Georgia.
- (2012, September) What do credit markets tell us about speed of adjustment?. Paper presented at University of Massachusettes Amherst, Amherst.
Professional Service
- Various journals, Reviewer, July 2020 - February 2020.
- Northern Finance Association, Program committee, Reviewer, February 2020 - April 2020.
- Auckland Finance Meetings, Program committee, Organized Ph.D. student presentations and gave keynote address, December 2017.
- European Finance Association, Program committee, Reviewer, January 2017 - February 2017.
- Western Finance Association, Reviewer, January 2017 - February 2017.
Editorial & Review Activities
- Various journals, Referee.