Ronald W. Masulis
Frank K. Houston Professor of Finance
Nashville,
TN 37203
Tel : (631) 322-3687
Fax :
(631) 343-7177
Email :
ronald.masulis@owen.vanderbilt.edu
SSRN Author Page: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=122768
Curriculum
Vitae for Ronald Masulis
WORKING
PAPERS:
Does Venture
Capital Reputation Matter? Evidence from Successful IPOs with Vladimir Ivanov, C.N.V. Krishnan and Ajai Singh, June 2008
(Under Review) (Presented at the 2006 Econometric
Society Meetings in India, the 2007 Financial Management Association Meetings,
the 2008 American Finance Association Meetings and the 2008 EFM Symposium on
IPOs at Oxford University)
How Do Venture Investments by Different
Classes of Financial Institutions Affect the Equity Underwriting Process? with Xi Li, October 2007 (Presented at the 2005 Hong Kong University of Science and Technology Symposium
on Corporate Finance, the 2008 American Economics Association Meetings and the
2008 EFM Symposium on IPOs at Oxford University and the 3rd
Financial Intermediation Research Society Finance Conference and accepted for
presentation at the 2008 Financial Management Association Meetings)
Corporate Venture
Capitalists, Strategic Alliances, and the Governance of Newly Public Firms with Vladimir Ivanov, May 2008 (Presented at the 2006 Financial Management
Association Meetings, 2007 European Financial Management Association Meetings
in
Are All Inside Directors the Same? CEO Entrenchment or Board
Enhancement with
Shawn Mobbs, May 2008 (Presented at the
2007 Financial Management Association Meetings and 3rd Financial
Intermediation Research Society Finance Conference and accepted for
presentation at the 2009 American Finance Association Meetings)
Venture Capital Conflicts of Interest: Evidence from Acquisitions
of Venture Backed Targets with Raj Nahata, June 2008 (Presented at the 2007 Western Finance
Association Meetings and the 2007 Financial Management Association Meetings)
Financial
Contracting in Start-ups Involving Strategic Investment: Evidence from
Corporate Venture Capital
with Raj Nahata, November 2007 (Under review) (Presented at the Financial
Contracting: Theory and Evidence Conference in Mannheim – sponsored by Journal
of Financial Intermediation/European Corporate Governance Institute, 2007 European
Finance Association Meetings in Ljubljana, 2007 Financial Management Association Meetings – Top 10%
Paper Session and the 3rd Financial Intermediation Research Society
Finance Conference)
Equity Ownership in IPO Issuers by Brokerage
Firms and Analyst Research Coverage with Xi Li, November 2007 (Presented at the 2007 Financial Management Association Meetings)
Do
Underwriters or Venture Capitalists Restrain Earnings Management by IPO
Issuers? with Gemma Lee, August 2007, (Presented
at the 2005 Financial Management Association Meetings, the 2007 American
Accounting Association Meetings in
Are Foreign Directors Valuable Advisors or
Ineffective Monitors? with
Cong Wang, July 2007 (Accepted for
presentation at the 2008 Financial Management Association Meetings).
Venture
Capital Investments by IPO Underwriters: Certification or Conflict of Interest? with Xi
Li, August 2007 (Presented at the 2004
Financial Management Association Annual Meetings and the 2003 Western Finance
Association Annual Meetings)
PUBLICATIONS:
Seasoned
Equity Offerings: Quality of Accounting Information and Expected Flotation Costs (with Gemma Lee) Conditionally accepted, Journal of Financial Economics,
February 2008
Agency Costs
at Dual-Class Companies (with C. Wang and F. Xie), Journal
of Finance forthcoming 2009
Corporate
Governance and Acquirer Returns (with Cong Wang and Fei Xie), Journal
of Finance, August 2007, vol. 62:4, 1851-1889.
Security
Offerings (with Espen Eckbo and Oyvind Norli), in B. E. Eckbo, Handbook of Corporate Finance: Empirical Corporate Finance
2007, (North-Holland/Elsevier), Chapter 13.
Government
Bailouts and Political Connections (with Mara Faccio and John McConnell), Journal
of Finance, December 2006, vol. 61:6, 2597-2635.
The Choice of
Financing Methods in European Mergers & Acquisitions (with Mara Faccio), Journal
of Finance, June 2005, vol. 60:3, 1345-1388.
Trading
Activity and Stock Price Volatility: Evidence from the London Stock Exchange (with Roger Huang), Journal
of Empirical Finance, May 2003, vol. 10:3, 249-269, (lead
article).
Does Market
Structure Affect the Immediacy of Stock Price Responses to News? (with
Lakshmanan Shivakumar), Journal of Financial and Quantitative
Analysis, December 2002, vol. 37:4, 617-648.
Seasoned
Public Offerings: Resolution of the ‘New Issues Puzzle’ (with B. Espen Eckbo and Oyvind
Norli), Journal of Financial Economics, May 2000, vol. 56:2, 251-291.
Journal of Financial
Economics All Star Award.
FX Spreads and
Dealer Competition across the 24 Hour Day (with Roger Huang), Review of Financial Studies, Spring 1999, vol. 12:1, 61-93.
Energy Shocks
and Financial Markets (with Roger Huang and Hans Stoll), Journal of Futures Markets,
February 1996, vol. 16:1, 1-27, (lead article).
Overnight and
Daytime Stock Return Dynamics on the London Stock Exchange (with Victor Ng), Journal
of Business and Economic Statistics,
October 1995, vol. 13:4, 365-378,
(lead article).
Seasoned Equity
Offerings: A Survey
(with B. Espen Eckbo) Handbook in
Finance, R. Jarrow, V. Maksimovic
and B. Ziemba (eds.) 1995,
Common Stock
Offerings across the Business Cycle: Theory and Evidence (with Hyuk
Choe and Vikram Nanda), Journal
of Empirical Finance, 1993, vol.
1:1, 3-31 (lead article, inaugural issue).
Adverse
Selection and the Rights Offer Paradox (with B. Espen Eckbo), Journal of Financial Economics,
December 1992, vol. 32:3, 293-332.
Costs
of Equity Issuance
(with B. Espen Eckbo) New Palgrave
Dictionary of Money and Finance, 1992, MacMillan.
Dividend
Capture (with
Jonathan Karpoff) New Palgrave
Dictionary of Money and Finance, 1992, MacMillan.
An Investigation
of Market Microstructure Impacts on Event Study Returns (with Ronald Lease and John Page),
Journal
of Finance, September 1991, vol. 46:4, 1523-1536.
An
Investigation of the Earnings Information Content in Issuer Tender Offers (with Larry Dann
and David Mayers), Journal of Accounting and
Economics, September 1991, vol. 14:3,
217-251, (lead article).
The Effect of
the 1987 Stock Crash on International Financial Integration (with Yasushi Hamao and Victor Ng),
1991, Japanese Financial Market Research, W. Bailey, Y. Hamao and W. Ziemba
(eds.), North Holland.
Correlations
in Price Changes and Volatility across International Stock Markets (with Yasushi Hamao and Victor
Ng), Review
of Financial Studies, 1990, vol. 3:2,
281-308.
Reprinted in
R. Stulz and A. Karolyi
(eds.), International Capital Market
Integration,
The Debt‑Equity Choice, Institutional Investor Series in Finance, 1988, Ballinger Press.
Corporate Investment
and Dividend Decisions under Differential Personal Taxation (with Brett Trueman),
Journal
of Financial and Quantitative Analysis, December 1998, vol. 23:4, 369-386.
Changes in Ownership
Structure: Conversions of Mutual Savings and Loans to Stock Charter Journal of Financial Economics,
March 1987, vol. 18:1, 29-60.
Seasoned
Equity Offerings: An Empirical Investigation (with Ashok Korwar),
Journal
of Financial Economics, January/February 1986, vol. 15:1/2, 91-118, Journal of Financial Economics All Star Award.
The Valuation Effects
of Stock Splits and Stock Dividends (with Mark Grinblatt and Sheridan Titman), Journal
of Financial Economics, December 1984, vol. 13:4, 461-490, (lead article).
The Impact of Capital
Structure Change on Firm Value, Some Estimates Journal of Finance, March
1983, vol. 38:1, 107-126.
Government
Intervention in the Mortgage Market, A Study of Anti‑Redlining
Regulations Journal
of Monetary Economics, September 1982, vol. 10, 191-213.
Optimal
Capital Structure under Corporate and Personal Taxation (with Harry DeAngelo), Journal
of Financial Economics, March 1980, vol. 8:1, 3-27, (lead article), Journal of Financial Economics All Star Award.
Reprinted in
Clifford Smith, editor, The Modern
Theory of Corporate Finance, 2nd edition, McGraw-Hill, 1990.
Stock Repurchase by
Tender Offer, An Analysis of the Causes of Common Stock Price Changes Journal of Finance, May 1980,
vol. 35:2, 305-319.
Leverage and Dividend
Irrelevance under Corporate and Personal Taxation (with Harry DeAngelo), Journal
of Finance, May 1980, vol. 35:2,
453-464.
The Effects of
Capital Structure Change on Security Prices: A Study of Exchange Offers Journal of Financial Economics,
June 1980, vol. 8:2, 139-178, Journal of Financial Economics All Star Award.
Reprinted in
Clifford Smith, editor, The Modern
Theory of Corporate Finance, 2nd edition, McGraw-Hill, 1990.
The Option Pricing
Model and the Risk Factor of Stock (with Dan Galai), Journal
of Financial Economics, January/March 1976, vol. 3:1/2, 53-81, Journal of Financial Economics All Star Award.
Reprinted in
Cheng-few Lee, editor, Financial
Analysis and Planning: Theory and Application, Addison-Wesley 1982.
Updated: June 10, 2008