John, Kose Charles William Gerstenberg Professor of Banking and Finance Joined Stern 1978  Phone: (212) 998-0337 Fax : (212) 995-4233 Email:  kjohn@stern.nyu.edu Office: KMEC 9-98 44 West Fourth Street  Suite 9-190 New York, NY 10012-1126

Education

• PhD Management Science Florida 1979
• MS Computer Sciences Florida Institute of Technology 1974
• BSc Physics Kerala, India 1970

Teaches:

• Seminar in Corporate Finance
• Financial Theory III

Research Interests:

• Corporate Finance: Asymmetric Information Models, Dividend Policy, Financial Distress, Debt Restructuring, Capital Structure, Project Financing, Industrial Organization and Finance, Governance, Control and Restructuring of Corporations, Insider Trading, Management Compensation, Privatization.
• Capital Markets Theory: Valuation and Efficiency in Financial Markets, Asset Pricing, Multifactor Models, Market Microstructure, Options.
• Economics of Information, Theory of Optimal Contracts, Design of Corporate Securities, Signalling, Dynamic Games, Sequential Bargaining and Contract Renegotiation.
• Dynamic General Equilibrium Analysis, Parametric Fixed Point Algorithms in Optimization and General Equilibrium Models.

Selected Publications:

• "Debtor-in-Possession Financing and Bankruptcy Resolution: Empirical Evidence," (with S. Dahiya, M. Puri and G. Ramirez), Journal of Financial Economics, Vol. 69, No. 1, July 2003.
• "Credit Ratings, Collateral and Loan Characteristics: Implications for Yield," (with A. Lynch and M. Puri), Journal of Business, July 2003.
• "Dividend Policy: Its Impact on Firm Value," (with Kalay, Lease, Lowenstein, and Sarig), Harvard Business School Press, Cambridge, 2000.
• "On the Optimality of Resetting Executive Stock Options," Journal of Financial Economics (with V.V. Acharya and R.K. Sundaram), July 2000, Vol. 57. (Won the Jensen Award by Journal of Financial Economics).
• "A Theory of Bank Regulation and Management Compensation," The Review of Financial Studies (with A. Saunders and L.W. Senbet), Spring 2000, Vol. 13, No. 1.
• "Corporate Governance and Board Effectiveness," (with L. Senbet), Journal of Banking and Finance, 1998.
• "Market Manipulation and the Role of Insider Trading Regulations," Journal of Business (with R. Narayanan), 1997, Vol. 70, No. 2.
• "Determinants of Organizational Form Changes: Evidence and Implications from real Estate," (with A. Damodaran and C. Liu), Journal of Financial Economics, 1997, Vol. 45 (lead article).
• "An Empirical Analysis of Strategic Competition and Firm Values: The Case of R&D Competition," (with Anant K. Sundaram and Teresa a. John), Journal of Financial Economics, June 1996.
• "Bank Equity Stakes in Borrowing Firms and Financial Distress," (with M. Berlin and A. Saunders), Review of Financial Studies, 1996, Vol. 9, No. 3.
• "Asset Sales and Increase in Focus," (with E. Ofek), Journal of Financial Economics, 1995, Vol. 37, No. 1
• "Top Management Compensation and Capital Structure," (with T.A. John), The Journal of Finance, 1993, Vol. 48, No. 3
• "Troubled Debt Restructurings: An Empirical Study of Private Reorganization of Firms in Default," (with S. Gilson and L. Lang), Journal of Financial Economics, 1991, Vol. 27, No. 2.
• "Insider Trading around Dividend Announcaments: Theory and Evidence," (with L. Lang), Journal of Finance, 1991, Vol. 46, No. 4.
• "Efficient Signalling with Dividends and Investments," (with R. Ambarish and J. Williams), The Journal of Finance, 1987, Vol. 42, No. 2.
• "Risky Debt, Reputation and Investment Incentives in a Sequential Equilibrium," The Journal of Finance (with D.C. Nachman), 1985, Vol. 40, No. 3.
• "Dividends, Dilution and Taxes: A Signalling Equilibrium," (with J. Williams), The Journal of Finance, 1985, Vol. 40, No. 4. 

   

• Vita
• Research Interests
• Awards and Honors
• Editorial Positions
• Publications
• Working Papers
• Teaching Experience
• Doctoral Students
• Selected Conference Presentations
• Other Participation at Professional Meetings

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