•        “Bank Loan Contracting and Corporate Diversification: Does Organizational Structure Matter to Lenders?”, with J. Qiu and M. Rahaman, Journal of Financial Intermediation, Forthcoming

  •        “Loan Collateral, Corporate Investment, and Business Cycles”, with X. Gu, J.Qiu and B. Huang, Journal of Banking & Finance, June 2014, In Press

  •        “The Market for CEOs: An Empirical Analysis”, with T. Lai and M. Rahaman, Journal of Economics and Business, 67(2), May 2013, pp. 24-54.

  •        “Is Chapter 11 Efficient?”, with S. Zhou, Financial Management, 41(1), Spring 2012, pp. 229-253.

  •        “Unanticipated Growth, Tobin’s Q, and Leverage”, with J. Callen and D. Gelb, Bridging the GAAP: Recent Advances in Accounting and Finance, I. Venezia and Z. Weiner eds., World Scientific Publishing, September 2011.

  •        “Experimental Tests of Core Theory and the Coase Theorem: Inefficiency and Cycling”, with J. Callen and S. McCracken, Journal of Law and Economics, 52(4), November 2009, pp. 745-759.

  •        “Financial Constraints and Investment: Assessing the Impact of a World Bank Credit Program on Small and Medium Enterprises in Sri Lanka” , with Eric Santor, Canadian Journal of Economics, 41(2), May 2008, pp. 475-500.

  •        “Dividend Smoothing and Debt Ratings”, with L. Booth and S. Cleary, Journal of Financial and Quantitative Analysis, 41(2), June 2006, pp. 439-453.

  •        “Dividend Policy and the Role of Contracting Environments” , with L. Booth and S. Cleary, FSR Forum, December 2005, pp. 13-20.

  •        “Debt Maturity Structure and Firm Investment”, Financial Management, with Y. Ge and J. Qiu, Winter 2005, pp. 107- 119.

  •        “Can Corporatization Improve the Performance of State-Owned Enterprises even without Privatization?”, with Y. Ge and J. Qiu, Journal of Corporate Finance, October 2005, pp. 791-808.

  •        “The Impact of Leverage on Firm Investment: Canadian Evidence”, with Y. Ge and J. Qiu, Journal of Corporate Finance, 11, March 2005, pp. 277-291.

  •        “Corporate Governance and Manager Turnover: An Unusual Social Experiment”, with Ying Ge and J. Qiu, Journal of Banking and Finance, 2005, pp. 1459-1481.

  •        “Discussion of “Does Diversification Improve Bank Efficiency?””, proceedings of a conference held by the Bank of Canada conference, The Evolving Financial System and Public Policy, Bank of Canada, December 2004, pp. 128-131.

  •        “Do Emerging Market Firms Follow Different Dividend Policies From U.S. Firms?”, with L. Booth and S. Cleary, The Journal of Financial Research, 26(3), September 2003, pp. 371-387.

  •        “Dividend Policy and the Organization of Capital Markets”, with L. Booth and S. Cleary, Journal of Multinational Financial Management, 13(2), April 2003, pp. 101-121.

  •        “The Core, Transaction Costs, and the Coase Theorem”, with J. Callen, Constitutional Political Economy, 14(4), December 2003, pp. 287-299.

  •        “Capital Structures in Developing Countries”, with L. Booth and V. Demirguc-Kunt and V. Maksimovic, Journal of Finance, 56(1), February 2001, pp. 87-130.

  •        “Ex Post Production Flexibility, Asset Specificity, and Financial Structure”, with M. Berkowitz, Journal of Accounting, Auditing and Finance, 13(216), January 1998, pp. 1-20.

  •        “Microeconomic Elements of Financial Liberalization: Perspectives from Finance Theory”, Financial Reform in Developing Countries (edited by M. Fanelli and R. Medhora), MacMillan, London, 1998, pp. 328–351.

  •        “How Much Does Finance Matter in East Asia?”, with J.D. Han and W. Hejazi, Fiscal Frameworks and Financial Systems in East Asia: How Much Do They Matter (edited by W. Dobson), University of Toronto Press, Toronto, 1998, pp. 91-183.

  •        “Precommitment and Financial Structure: An Analysis of the Effects of Taxes”, with M. Berkowitz, Economica, 59, February 1992, pp. 93-106.

  •        “Risk versus Return in the Substitutability of Debt and Equity Securities”, with J. Callen, I. Krinsky and C. Kwan, Journal of Monetary Economics, August 1990, pp. 161-178.

  •        “The Coase Theorem and Coalitional Stability”, with J. Callen and I. Lipnowski, Economica, 54(216), 1987, pp. 517-520.

  •        “Economies of Scale versus Technological Change in the Natural Gas Transmission Industry”, with J. Callen, M.W.L. Chan and D.C. Mountain, Review of Economics and Statistics, 1987, pp. 556-561.

  •        “Miller's Irrelevance Mechanism: A Note”, with J. Callen, Journal of Finance, 1987, pp. 169-180.

  •        “Taxation and Capital Structure: A Selected Review”, with S.M. Turnbull, The Impact of Taxation on Business Activity, edited by J. Mintz and D. Purvis, John Deutsch Institute, Queen's University, 1987.

  •        “International Exchange Risk and Asset Substitutability”, with J. Callen, I. Krinsky and C. Kwan, Journal of International Money and Finance, 5, 1986, pp. 449-466.

  •        “The Demand for Risky Financial Assets Held by the U.S. Household Sector”, with J. Callen, I. Krinsky, C. Kwan, Quarterly Review of Economics and Business, 26 (2), 1986, pp. 47-65.

  •        “The Law of Contract Modifications: The Uncertain Quest for a Benchmark of Enforceability”, with M. Penny and M. Trebilcock, Osgoode Hall Law Journal, 22 (2), 1984, pp. 173-212.

  •        “Mean-Variance Utility Functions and the Demand for Risky Assets: An Empirical Analysis Using Flexible Functional Forms”, with J. Callen, I. Krinsky, C. Kwan, Journal of Financial and Quantitative Analysis, 18(4), 1983, pp. 411-424.

  •        “Reorganization in Bankruptcy and the Issue of Strategic Risk”, with J. Callen, Journal of Banking and Finance, 1983, pp. 119-133.

  •        “Core Theory and Uniformity in Accounting: Rationalizing the Accounting Rulemaker”, with J. Callen, Journal of Accounting and Public Policy, 2(4), 1983, pp. 225-237.

  •        “Capacity Expansion in the U.S. Natural Gas Pipeline Industry”, with J. Callen, in Productivity Measurement in Regulated Industries (edited by T. Cowing and R. Stevenson), New York: Academic Press, New York, 1981.

  •        “The Unanimity Literature and the Security Market Line Criterion: The Additive Risk Case”, with J. Callen, Journal of Business Finance and Accounting, 8(2), June 1981, pp. 177-184.

  •        “The Coase Theorem and The Empty Core”, with J. Callen, Journal of Law and Economics, 24(1), April 1981, pp. 175-181.

  •        “Corporate Leverage and Growth: The Game-Theoretic Issues”, with J. Callen, Journal of Financial Economics, 8(4), December 1980, pp. 379-399.

  •        “Future Investment Opportunities and the Value of the Call Provision on a Bond: Comment”, with J. Callen, Journal of Finance, 35(4), September 1980, pp. 1051-1054.

  •        “Uncertain Externalities, Liability Rules, and Resource Allocation: Comment”, with J. Callen, American Economic Review, 70(5), December 1980, pp. 1058-1059.

  •        “Investment, Market Structure, and the Cost of Capital”, with J. Callen, Journal of Finance, 34(1), 1979, pp. 85-92.

  •        “A Note on the Economics of Exhaustible Resourses”, with J. Callen, Canadian Journal of Economics, 12(1), 1979, pp. 83-89.

  •        “The Demand for Assets Under Conditions of Risk: Comment”, Journal of Finance, 32(3), 1977, pp. 927-929.