Working Papers

Executive Compensation: Facts, with Tom Cooley (Current version: October 6, 2009) - Submitted

A Theory of Firm Decline, with Tom Cooley and Sonia Di Giannatale (Current version: July 20, 2009) - Submitted

Cross-Sectoral Variation in Firm-Level Idiosyncratic Risk, with Rui Castro and Yoonsoo Lee (Current version: January 21, 2009)

IPOs and The Growth of Firms (Current version: April 2002)

Papers published or accepted for publication

Asset Pricing in a Production Economy with Chew-Dekel Preferences, with Claudio Campanale and Rui Castro , forthcoming on the Review of Economic Dynamics

The Economic Effects of Improving Investor Rights in Portugal, with Rui Castro , Portuguese Economic Journal, Volume 8, Issue 2, August 2009, pages 59-97.

Legal Institutions, Sectoral Heterogeneity, and Economic Development, with Rui Castro and Glenn MacDonald, Review of Economic Studies, Volume 76, Issue 2, April 2009, pages 529-561.

Stock Grants as a Commitment Device, with Tom Cooley and Cheng Wang , Journal or Economic Dynamics and Control, Volume 30, Issue 11, November 2006, pages 2191-2216

A Theory of Financing Constraints and Firm Dynamics , with Hugo Hopenhayn , Quarterly Journal of  Economics, Volume 121, Issue 1, February 2006, pages 229-265

Investor Protection, Optimal Incentives, and Economic Growth, with Rui Castro and Glenn MacDonald - Quarterly Journal of Economics, Volume 119, Issue 3, August 2004, pages 1131-1175.