RESEARCH ACTIVITIES

    Journal Articles


    "Institutional Investors As Suppliers of Equity-Linked Capital:  Evidence From Privately Placed Convertible Debt," (with Dalia Marciukaityte), Journal of Business Research, Volume 60, 2007, pp. 357-364.

    "Governance and Performance Changes following Accusations of Corporate Fraud," (with Dalia Marciukaityte, Samuel Szewczyk and Hatice Uzun), Financial Analysts Journal, Volume 62, 2006, pp. 32-43.

    "Investor Overoptimism and Private Equity Placements," (with Dalia Marciukaityte and Samuel Szewczyk), Journal of Financial Research, Volume 28, 2005, pp. 591-608.

    "Board Composition and Corporate Fraud," (with Samuel Szewczyk and Hatice Uzun), Financial Analysts Journal, Volume 60, 2004, pp. 33-43.

    "An Empirical Investigation of Sponsor Influence over the Board of Directors," Financial Review, Volume 38, 2003, pp. 55-76.

    "Contracting in the Investment Management Industry: Evidence from Mutual Funds," (with Daniel N. Deli), Journal of Financial Economics, Volume 63, 2002, pp. 79-98.

    "Closed-End versus Open-end: The Choice of Organizational Form," (with Daniel N. Deli), Journal of Corporate Finance, Volume 8, 2002, pp.1-27 (lead article).

    "The Effect of Bank Debt Downgrades on Stock Prices of Other Banks," (with Robert Schweitzer and Samuel Szewczyk), Financial Review, Volume 36, 2001, pp.139-156.

    "The Role of Institutional Investors in Equity Financing and Corporate Monitoring," Journal of Business and Economic Studies, Volume7, 2001, pp. 39-53.

    "Too Big to Downgrade: The Response of Financial Analysts to Bond Downgrades of Money Center Banks," (with Robert Schweitzer and Samuel Szewczyk), Managerial Finance, Volume 26, 2000 pp. 31-41.

    "Exchangeable Debt Calls and Security Returns," (with Chinmoy Ghosh and J. Randall Woolridge), Journal of Business Finance and Accounting, Volume 23, 1996, pp. 107-114.

    "The Private Placement of Bank Equity," (with Samuel Szewczyk), Journal of Banking and Finance, Volume 17, 1993, pp. 1111-1131.

    "Bond Rating Agencies and their Role in Bank Market Discipline," (with Robert Schweitzer and Samuel Szewczyk), Journal of Financial Services Research, Volume 6, 1992, pp. 249-263.

    "Innovation in Global Financing: The Case of Euroequity Offerings," (with Wayne Marr and John Trimble), Journal of Applied Corporate Finance, Volume 5, 1992, pp. 50-54.

    "Institutional Ownership and the Liquidity of Common Stock Offerings,"  (with Samuel Szewczyk and George Tsetsekos), Financial Review, Volume 27, 1992, pp. 211-225.

    "On the Integration of International Capital Markets: Evidence from Euroequity Offerings," (with Wayne Marr and John Trimble), Financial Management, Volume 20, 1991, pp. 11-21 (lead article).

    "Raising Capital with Private Placements of Debt," (with Samuel Szewczyk), Journal of Financial Research, Volume 14, 1991, pp.1-13 (lead article).

    "An Analysis of Exchangeable Debt Offers," (with Chinmoy Ghosh and J. Randall Woolridge), Journal of Financial Economics, Volume 28, 1990, pp. 251-263.

    "The Effect of Proposition 103 on Insurers: Evidence from the Capital Market," (with Samuel Szewczyk), Journal of Risk and Insurance, Volume 57, 1990, pp. 671-681.

    "The Role of Financial Innovation in Raising Capital: Evidence from Deep Discount Debt Offers," (with Donald Chambers), Journal of Financial Economics, Volume 26, 1990, pp. 289-298.

    "Pollution Control Revenue Bond Sales and Public Utility Share Prices," (with Samuel Szewczyk), Journal of Business Research, Volume 21, 1990, pp. 109-117.

    "Using Financial Market Data to Make Trade Credit Decisions," (with James A. Miles), Journal of Business Finance and Accounting, Volume 13, 1986, pp. 505-517.
     

    Awards and Honors for Research Acivities

  • Lead Contributor, University of Delaware’s rank among all institutes worldwide with regard to the weighted number of pages published by an institute’s faculty in the ‘Top 3’ journals in finance during the period 1990 to 2001, based on research published in Financial Management, 2002.
  • Ranked in the list of ‘Top 1000’ faculty worldwide with regard to the weighted number of pages published by  faculty in 16 core finance journals in finance during the period 1990 to 2001, based on research published in Financial Management, 2002.
  • Outstanding Paper in Financial Institutions Award, Eastern Finance Association Meeting, 1997.
  • Lead Contributor, University of Delaware’s rank among all institutes in the US with regard to the total impact of articles published by an institute’s faculty in the 16 leading journals in finance during the period 1989 to 1993, based on research published in the Journal of Finance, 1995.