By Scientia Professor Ronald William Masulis

Book Chapters

Masulis RW; Pham PK; Zein J, 2015, 'Chapter 7: Ownership and control in family business groups around the world', in Research Handbook on Shareholder Power, Edward Elgar Publishing, pp. 131 - 167, http://dx.doi.org/10.4337/9781782546856.00018

Pham PK; Zein J; Masulis R, 2015, 'Ownership and Control in Family Business Groups around the World', in Research Handbook on Shareholder Power, Edward Elgar Publishing, Edward Elgar Cheltenham United Kingdom and Edward Elgar Massachusetts USA, pp. 131 - 167, http://dx.doi.org/10.4337/9781782546856.00018

Krishnan CNV; Masulis RW, 2012, 'Venture Capital Reputation', in The Oxford Handbook of Venture Capital, Oxford University Press, pp. 61 - 129, http://dx.doi.org/10.1093/oxfordhb/9780195391596.013.0004

Eckbo BE; Masulis RW; Norli Ø, 2007, 'Chapter 6 Security Offerings**We thank Robert S. Hansen, Jay Ritter and Xueping Wu for suggestions.', in Handbook of Empirical Corporate Finance, Elsevier, pp. 233 - 373, http://dx.doi.org/10.1016/b978-0-444-53265-7.50020-2

Journal articles

Guo L; Kong J; Masulis RW, 2024, 'Do Employee Interests Affect Target Board Decisions About Acquisition Offers? Evidence from Changes in Unemployment Insurance', Management Science, http://dx.doi.org/10.1287/mnsc.2022.01379

Masulis RW; Mobbs S, 2023, 'Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting', Journal of Corporate Finance, 82, http://dx.doi.org/10.1016/j.jcorpfin.2023.102449

Masulis RW; Reza SW; Guo R, 2023, 'The sources of value creation in acquisitions of intangible assets', Journal of Banking and Finance, 154, pp. 106879 - 106879, http://dx.doi.org/10.1016/j.jbankfin.2023.106879

Chang X; Chen Y; Masulis RW, 2023, 'Bank Lines of Credit as a Source of Long-Term Finance', Journal of Financial and Quantitative Analysis, 58, pp. 1701 - 1733, http://dx.doi.org/10.1017/S002210902200117X

Masulis RW; Reza SW, 2023, 'Private benefits of corporate philanthropy and distortions to corporate financing and investment decisions', Corporate Governance: An International Review, 31, pp. 464 - 490, http://dx.doi.org/10.1111/corg.12476

Masulis R; Wang C; Xie F; Zhang S, 2023, 'Directors: Older and Wiser, or Too Old to Govern?', Journal of Financial and Quantitative Analysis, http://dx.doi.org/10.1017/S0022109023001151

Masulis R; Pham PK; Zein J; Ang A, 2022, 'Crises as Opportunities for Growth: The Strategic Value of Business Group Affiliation', Journal of Financial and Quantitative Analysis, forthcoming

Liu C; Masulis RW; Stanfield J, 2021, 'Why CEO option compensation can be a bad option for shareholders: Evidence from major customer relationships', Journal of Financial Economics, 142, pp. 453 - 481, http://dx.doi.org/10.1016/j.jfineco.2021.06.034

Ellul A; Goldstein I; Holden C; Masulis R; Pontiff J; Schoar A, 2021, 'Annual report of the society for financial studies for 2018–2019', Review of Financial Studies, 33, pp. 990 - 1008, http://dx.doi.org/10.1093/RFS/HHZ133

Liu C; Low A; Masulis RW; Zhang L, 2020, 'Monitoring the monitor: Distracted institutional investors and board governance', Review of Financial Studies, 33, pp. 4489 - 4531, http://dx.doi.org/10.1093/rfs/hhaa014

Masulis RW, 2020, 'A Survey of Recent Evidence on Boards of Directors and CEO Incentives', Asia-Pacific Journal of Financial Studies, 49, pp. 7 - 35, http://dx.doi.org/10.1111/ajfs.12287

Ellul A; Goldstein I; Holden C; Masulis R; Pontiff J; Schoar A, 2020, 'Annual report of the society for financial studies for 2018-2019', Review of Asset Pricing Studies, 10, pp. 179 - 197, http://dx.doi.org/10.1093/RAPSTU/RAZ009

Pham PK; Masulis R; Zein J, 2020, 'Family Business Group Expansion through IPOs: The Role of Internal Capital Markets in Financing Growth while Preserving Control', Management Science, 66, pp. 5191 - 5215, http://dx.doi.org/10.1287/mnsc.2019.3418

Masulis R, 2019, 'How valuable are independent directors? Evidence from external distractions', Journal of Financial Economics, pp. 1 - 31, http://dx.doi.org/10.1016/j.jfineco.2018.02.014

Masulis RW; Wang C; Xie F, 2019, 'Employee-Manager Alliances and Shareholder Returns from Acquisitions', Journal of Financial and Quantitative Analysis, http://dx.doi.org/10.1017/S0022109019000036

Dou Y; Masulis R; Zein J, 2018, 'Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans', Review of Financial Studies, http://dx.doi.org/10.1093/rfs/hhz034

Masulis RW; Simsir SA, 2018, 'Deal Initiation in Mergers and Acquisitions', Journal of Financial and Quantitative Analysis, 53, pp. 2389 - 2430, http://dx.doi.org/10.1017/S0022109018000509

Johnson WC; Kang JK; Masulis RW; Yi S, 2018, 'Seasoned equity offerings and customer–supplier relationships', Journal of Financial Intermediation, 33, pp. 98 - 114, http://dx.doi.org/10.1016/j.jfi.2017.09.003

Masulis RW; Reza SW, 2015, 'Agency problems of corporate philanthropy', Review of Financial Studies, 28, pp. 592 - 636, http://dx.doi.org/10.1093/rfs/hhu082

Masulis RW; Kwan A; McInish T, 2015, 'Trading rules, competition for order flow and market fragmentation', Journal of Financial Economics, 115, pp. 330 - 348, http://dx.doi.org/10.1016/j.jfineco.2014.09.010

Kwan A; Masulis R; McInish TH, 2015, 'Trading rules, competition for order flow and market fragmentation', JOURNAL OF FINANCIAL ECONOMICS, 115, pp. 330 - 348, http://dx.doi.org/10.1016/j.jfineco.2014.09.010

Masulis RW; Guo L, 2015, 'Board Structure and Monitoring: New Evidence from CEO Turnovers', The Review of Financial Studies, 28, pp. 2770 - 2811, http://dx.doi.org/10.1093/rfs/hhv038

Krishnan CNV; Masulis RW; Thomas RS; Thompson RB, 2014, 'Jurisdictional effects in M&A litigation', Journal of Empirical Legal Studies, 11, pp. 132 - 158, http://dx.doi.org/10.1111/jels.12037

Masulis RW; Mobbs S, 2014, 'Independent director incentives: Where do talented directors spend their limited time and energy?', Journal of Financial Economics, 111, pp. 406 - 429, http://dx.doi.org/10.1016/j.jfineco.2013.10.011

Karpoff JM; Lee G; Masulis RW, 2013, 'Contracting under asymmetric information: Evidence from lockup agreements in seasoned equity offerings', Journal of Financial Economics, 110, pp. 607 - 626, http://dx.doi.org/10.1016/j.jfineco.2013.08.015

Masulis R; Krishnan CVN, 2013, 'Law Firm expertise and Mergers and Acquisitions', Journal of Law and Economics, 56, pp. 189 - 226

Masulis R; Wang C; Xie F, 2012, 'Globalizing the boardroom-The effects of foreign directors on corporate governance and firm performance', Journal of Accounting and Economics, 53, pp. 527 - 554, http://dx.doi.org/10.1016/j.jacceco.2011.12.003

Masulis R; Krishnan C, 2012, 'Venture Capital Reputation', My Research Gateway 20130329 Test Case 2, pp. Chapter 4 - Chapter 4, http://dx.doi.org/10.1093/oxfordhb/9780195391596.001.0001

Hill JG; Masulis RW; Thomas RS, 2011, 'Comparing CEO employment contract provisions: Differences between Australia and the United States', Vanderbilt Law Review, 64, pp. 559 - 608, http://go.galegroup.com/ps/retrieve.do?tabID=T002&resultListType=RESULT_LIST&searchResultsType=SingleTab&searchType=AdvancedSearchForm&currentPosition=6&docId=GALE%7CA255242883&docType=Article&sort=RELEVANCE&contentSegment=&prodId=LT&contentSet=GALE%7CA255242883&searchId=R1&userGroupName=unsw&inPS=true#

Masulis R; Mobbs S, 2011, 'Are All Inside Directors the Same? Evidence from the External Directorship Market', Journal of Finance, 66, pp. 823 - 872, http://dx.doi.org/10.1111/j.1540-6261.2011.01653.x

Masulis R; Nahata R, 2011, 'Venture capital conflicts of interest: Evidence from acquisitions of venture-backed firms', Journal of Financial and Quantitative Analysis, 46, pp. 395 - 430, http://dx.doi.org/10.1017/S0022109010000827

Krishnan CNV; Ivanov V; Masulis R; Singh AK, 2011, 'Venture capital reputation, post-IPO performance, and corporate governance', Journal of Financial and Quantitative Analysis, 46, pp. 1295 - 1333, http://dx.doi.org/10.1017/S0022109011000251

Masulis RW; Nahata R, 2009, 'Financial contracting with strategic investors: Evidence from corporate venture capital backed IPOs', Journal of Financial Intermediation, 18, pp. 599 - 631, http://dx.doi.org/10.1016/j.jfi.2009.06.001

Masulis RW; Wang C; Xie F, 2009, 'Agency problems at dual-class companies', Journal of Finance, 64, pp. 1697 - 1727, http://dx.doi.org/10.1111/j.1540-6261.2009.01477.x

Faccio M; Masulis RW; Mcconnell JJ, 2006, 'Political connections and corporate bailouts', Journal of Finance, 61, pp. 2597 - 2635, http://dx.doi.org/10.1111/j.1540-6261.2006.01000.x

Huang RD; Masulis RW, 2003, 'Trading activity and stock price volatility: Evidence from the London Stock Exchange', Journal of Empirical Finance, 10, pp. 249 - 269, http://dx.doi.org/10.1016/S0927-5398(02)00048-8

Phelps BD, 2003, 'Does Market Structure Affect the Immediacy of Stock Price Responses to News?', CFA Digest, 33, pp. 40 - 41, http://dx.doi.org/10.2469/dig.v33.n2.1268

Masulis RW; Shivakumar L, 2002, 'Does market structure affect the immediacy of stock price responses to news?', Journal of Financial and Quantitative Analysis, 37, pp. 617 - 648, http://dx.doi.org/10.2307/3595014

Maris BA, 2001, 'Seasoned Public Offerings: Resolution of the “New Issues Puzzle”', CFA Digest, 31, pp. 24 - 25, http://dx.doi.org/10.2469/dig.v31.n1.810

Eckbo BE; Masulis RW; Norli Ø, 2000, 'Seasoned public offerings: Resolution of the `new issues puzzle'', Journal of Financial Economics, 56, pp. 251 - 291, http://dx.doi.org/10.1016/S0304-405X(00)00041-6

Huang RD; Masulis RW, 1999, 'FX spreads and dealer competition across the 24-hour trading day', Review of Financial Studies, 12, pp. 61 - 93, http://dx.doi.org/10.1093/rfs/12.1.61

Huang RD; Masulis RW; Stoll HR, 1996, 'Energy shocks and financial markets', Journal of Futures Markets, 16, pp. 1 - 27, http://dx.doi.org/10.1002/(SICI)1096-9934(199602)16:1<1::AID-FUT1>3.0.CO;2-Q

Eckbo BE; Masulis RW, 1995, 'Chapter 31 Seasoned equity offerings: A survey', Handbooks in Operations Research and Management Science, 9, pp. 1017 - 1072, http://dx.doi.org/10.1016/S0927-0507(05)80075-1

MASULIS RW; NG VK, 1995, 'OVERNIGHT AND DAYTIME STOCK-RETURN DYNAMICS ON THE LONDON STOCK-EXCHANGE - THE IMPACTS OF BIG-BANG AND THE 1987 STOCK-MARKET CRASH', JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 13, pp. 365 - 378, http://dx.doi.org/10.2307/1392383

Masulis RW; Ng VK, 1995, 'Overnight and Daytime Stock-Return Dynamites on the London Stock Exchange: The Impacts of “Big Bang” and the 1987 Stock-Market Crash', Journal of Business & Economic Statistics, 13, pp. 365 - 378, http://dx.doi.org/10.1080/07350015.1995.10524612

Choe H; Masulis RW; Nanda V, 1993, 'Common stock offerings across the business cycle. Theory and evidence', Journal of Empirical Finance, 1, pp. 3 - 31, http://dx.doi.org/10.1016/0927-5398(93)90003-A

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