Michael R. Roberts Published & Forthcoming Papers

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Papers are listed in reverse chronological order.

• " The Pecking Order, Debt Capacity, and Information Asymmetry," with Mark T. Leary, forthcoming Journal of Financial Economics

• " Financial Contracting: A Survey of Empirical Research and Future Directions," with Amir Sufi, forthcoming Annual Reviews

• " The Response of Corporate Financing and Investment to Changes in the Supply of Credit," with Michael Lemmon, forthcoming Journal of Financial and Quantitative Analysis

• " Renegotiation of Financial Contracts: Evidence from Private Credit Agreements," with Amir Sufi, Journal of Financial Economics, 2009, 93, 159-184.

• " Control Rights and Capital Structure: An Empirical Investigation," with Amir Sufi, Journal of Finance, 2009, 64, 1657-1695.

  Data:

  Quarterly Covenant Violation Data used in this study

• "Evidence on the Tradeoff Between Risk and Return for IPO and SEO Firms," with Alon Brav, Roni Michaely, and Rebecca Zarutskie, forthcoming Financial Management

• "How does Financing Impact Investment? The Role of Debt Covenants," with Sudheer Chava, Journal of Finance, 2008, 63, 2085 - 2121

  (formerly entitled " Is Financial Contracting Costly? An Empirical Analysis of Debt Covenant Violations")

  Data:	Dealscan-Compustat Link File used in this study
  Awards:	Nominated for the Brattle Prize in the Journal of Finance, 2008

• "Back to the Beginning: Persistence and the Cross-Section of Corporate Capital Structure," with Michael Lemmon and Jaime Zender, Journal of Finance, 2008, 63, 1575 - 1608

  Awards:

  Winner of the Brattle Prize for Distinguished Paper in the Journal of Finance, 2008

• "On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing," with Jacob Boudoukh, Roni Michaely, and Matthew Richardson, Journal of Finance, 2007, 62, 877 - 915

  Data:

  Aggregate Time Series data used in this study

• "Do Firms Rebalance Their Capital Structures?," with Mark T. Leary, Journal of Finance, 2005, 60, 2575 - 2619

  Awards:	Winner of the Brattle Prize for Distinguished Paper in the Journal of Finance, 2006
  	Financial Management Association, Best Paper in Corporate Finance, 2004
  	Southwestern Finance Association, Best Paper in Corporate Finance, 2004

• "An Empirical Examination of Deregulated Electricity Prices," with Christopher R. Knittel, Energy Economics, 2005, 27, 791 - 817

• "Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex-Dividend Pricing Before and After Decimalization," with John Graham and Roni Michaely, Journal of Finance, 2003, 58, 2611-2635

• "Response to King's Comment," with David Freedman, Stephen Klein, and Michael Ostland, Journal of the American Statistical Association, March, 1999

• "On 'Solutions' to the Ecological Inference Problem," Journal of the American Statistical Association, with David Freedman, Stephen Klein, and Michael Ostland, December, 1998

• "Consumption and Savings Balances of the Elderly: Experimental Evidence on Survery Response Bias," with Michael Hurd, Daniel McFadden, Harish Chand, Li Gan, and Angela Merrill, Frontiers in the Economics of Aging, edited by David Wise, 1998, National Bureau of Economic Research