• Publications
  • Influence
Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions
We present evidence on the benefits of changes in control from mergers and acquisitions. We find that the stronger the acquirer's shareholder rights relative to the target's, the higher the synergyExpand
  • 257
  • 40
Agency Problems at Dual-Class Companies
Using a sample of U.S. dual-class companies, we examine how divergence between insider voting and cash flow rights affects managerial extraction of private benefits of control. We find that as thisExpand
  • 360
  • 38
  • PDF
The causality analysis of climate change and large-scale human crisis
  • D. Zhang, H. F. Lee, +4 authors Y. An
  • Geography, Medicine
  • Proceedings of the National Academy of Sciences
  • 3 October 2011
Recent studies have shown strong temporal correlations between past climate changes and societal crises. However, the specific causal mechanisms underlying this relation have not been addressed. WeExpand
  • 287
  • 16
  • PDF
Do Executive Stock Options Induce Excessive Risk Taking?
We examine whether executive stock options can induce excessive risk taking by managers in firms’ security issue decisions. We find that CEOs whose wealth is more sensitive to stock return volatilityExpand
  • 103
  • 13
Effects of glycerol on rumen fermentation, urinary excretion of purine derivatives and feed digestibility in steers
Abstract The objective of this study was to evaluate the effects of glycerol supplementation on rumen fermentation, urinary excretion of purine derivatives and feed digestibility in the total tractExpand
  • 136
  • 11
Foreign Cash: Taxes, Internal Capital Markets, and Agency Problems
When the fraction of a firm’s cash held overseas is greater, its shareholders value that cash lower. This goes beyond a pure tax effect: the repatriation tax friction disrupts the firm’s internalExpand
  • 61
  • 9
  • PDF
Effects of glycerol on lactation performance, energy balance and metabolites in early lactation Holstein dairy cows
Abstract The objective was to evaluate effects of glycerol supplementation on feed intake, milk yield and milk composition, blood metabolites and energy balance in Holstein dairy cows from 4 to 63Expand
  • 46
  • 7
Effects of lanthanum on rumen fermentation, urinary excretion of purine derivatives and digestibility in steers
Abstract The objective of this study was to evaluate the effects of LaCl3 supplementation on rumen fermentation, urinary excretion of purine derivatives and feed digestibility in the total tract ofExpand
  • 28
  • 7
Effects of selenium yeast on rumen fermentation, lactation performance and feed digestibilities in lactating dairy cows
Abstract The objective was to evaluate the effects of selenium-yeast (SY) supplementation on rumen fermentation, lactation performance and feed digestibilities in dairy cows. Twenty-eight multiparousExpand
  • 57
  • 5
Racial/Ethnic Differences in High Return Investment Ownership: A Decomposition Analysis
The racial/ethnic disparities of risky asset ownership were investigated. In the 2004 and 2007 Survey of Consumer Finances datasets, 30% of Hispanic, 36% of Black, and 65% of White households hadExpand
  • 27
  • 5
  • PDF