Research

Main Publications
Product price risk and liquidity management: evidence from the electricity industry, with Chen Lin and Mike Weisbach
Management Science, forthcoming

Is skin in the game a game changer? Evidence from mandatory changes to D&O insurance policies, with Chen Lin, Micah Officer, Hong Zou
Journal of Accounting and Economics, 2019

Employee representation and financial leverage, with Chen Lin and Yuhai Xuan
Journal of Financial Economics, 2018

Production flexibility, product markets, and capital structure decisions, with Sebastian J. Reinartz
Review of Financial Studies, 2016

Family firms and R&D behavior – New evidence from a large-scale survey, with A.-K. Achleitner, C. Kaserer, and M. Ampenberger.
Research Policy, 2014

The value of financial flexibility and corporate financial policy, with Marc Steffen Rapp and Daniel Urban
Journal of Corporate Finance, 2014

Why do firms (not) hedge? – Novel evidence on cultural influence, with Martin Lievenbrück
Journal of Corporate Finance, 2014

Control considerations, creditor monitoring, and the capital structure of family firms
Journal of Banking and Finance, 2013

Working Papers
Does board size matter?, with Dirk Jenter and Daniel Urban
presented at AFA 2019, SFS Cavalcade 2018, CEPR Spring Symposium 2018, and Gerzensee Symposium 2018

Climate change and corporate investments: Evidence from planned power plants, with Chen Lin and Mike Weisbach
presented at the 2018 Summer Finance and Accounting Conference in Jerusalem, the 2019 Oklahoma Energy and Commodities Finance Research Conference, and the European Finance Association Annual Meeting 2020 [virtual]

Horizontal wage inequality within firms, with Daniel Bias, Chen Lin, and Ben Lochner
presented at the EEA 2019

Do outside directorships influence CEO decision making? Evidence from labor strikes, with Daniel Bias
presented at AFA 2017

The economic consequences of a “glass-ceiling”: women on corporate boards and firm value, with Daniel Urban
presented at AFA 2016, FIRS 2016, SGF 2016, VHB 2016, and Paris December Meeting 2015

Employee representation and the manager-to-worker pay ratio, with Chen Lin and Yang Sun
presented at EFA 2016 and FIRS 2017

Work in Progress
Innovation in public and private firms (with Roni Michaely)
Long-run effects of exogenous executive retirements (with Dirk Jenter and Daniel Urban)
Employee representation and accounting conservatism (with Chen Lin and Huai Zhang)