Research

REFEREED PUBLICATIONS:

"Managerial Cost Inefficiency and Takeovers of U.S. Thrifts" with Fatma Cebenoyan, and Elizabeth S. Cooperman, Multinational Finance Journal, forthcoming.

"Risk Management, Capital Structure and Lending at Banks" with Philip Strahan, The Journal of Banking and Finance , v28, 2004, 19-43.

"Ownership Structure, Charter Value, and Risk-Taking Behavior for Thrifts" with E. Cooperman and C. Register, Financial Management, v. 28, No.1, Spring 1999, 43-60.

"Cost Efficiency and Nontraditional Assets: Evidence from Stock Thrifts" with Elizabeth Cooperman, Charles Register, and Sylvia Hudgins, Real Estate Economics (formerly AREUEA journal) v. 26, 1998, 4:695-718.

"Deregulation, Reregulation, Equity Ownership, and S&L Risk Taking." with Elizabeth Cooperman and Charles Register, Financial Management, v.24, No.3, Autumn 1995, 63-76.

"Corporate Financial Structure Under Inflation and Financial Repression. A Comparative Study of North American and Emerging Markets," with Klaus P. Fischer, and George J. Papaioannou, Global Finance Journal, v. 6, No. 1, Spring 1995, 25-45.

"The Relative Efficiency of Stock vs. Mutual S&Ls: A Stochastic Cost Frontier Approach," with Elizabeth Cooperman, Sylvia Hudgins and Charles Register, Journal of Financial Services Research, v. 7, No. 2, 1993, 151-170.

"Firm Efficiency and the Regulatory Closure of S&Ls: An Empirical Investigation." with Elizabeth Cooperman and Charles Register, The Review of Economics and Statistics, v. 75, No.3, 1993, 540-545. Reprinted in Regulation and Supervision of Banks, v 4, Edward Elgar Publishers, 2001.

"Foreign Takeover Activity in the U.S. and Wealth Effects for Target Firm Shareholders." with George J. Papaioannou, and Nickolaos G. Travlos, Financial Management, v. 21, No. 3, Autumn 1992, 58-68.

"Bank Acquisitions and Ownership Structure: Theory and Evidence." with Linda Allen, The Journal of Banking and Finance, v. 15, No. 2, April 1991, 425-448.

"Scope Economies in Banking: The Hybrid Box-Cox Function. The Financial Review, v. 25, No.1, February 1990, 115-125.

"Multiproduct Cost Functions and Scale Economies in Banking." The Financial Review, v. 23, No.4, November 1988, 499-512.

WORKING PAPERS:

"Corporate Governance, Firm Performance, and Regulatory Reform: An Analysis of U.S. Thrifts" with Fatma Cebenoyan, Elizabeth S. Cooperman, and Charles Register.

"Regulatory Environments and Takeovers of US Thrifts" with Fatma Cebenoyan, and Elizabeth S. Cooperman.

"S&L Performance Persistence, Moral Hazard and Market Discipline"with Elizabeth Cooperman and Charles Register