Select Publications

Journal articles

Eckbo BE; Masulis RW, 1992, 'Adverse selection and the rights offer paradox', Journal of Financial Economics, 32, pp. 293 - 332, http://dx.doi.org/10.1016/0304-405X(92)90030-2

LEASE RC; MASULIS RW; PAGE JR, 1991, 'An Investigation of Market Microstructure Impacts on Event Study Returns', The Journal of Finance, 46, pp. 1523 - 1536, http://dx.doi.org/10.1111/j.1540-6261.1991.tb04629.x

Dann LY; Masulis RW; Mayers D, 1991, 'Repurchase tender offers and earnings information', Journal of Accounting and Economics, 14, pp. 217 - 251, http://dx.doi.org/10.1016/0165-4101(91)90013-E

HAMAO Y; MASULIS RW; NG V, 1990, 'CORRELATIONS IN PRICE CHANGES AND VOLATILITY ACROSS INTERNATIONAL STOCK MARKETS', REVIEW OF FINANCIAL STUDIES, 3, pp. 281 - 307, http://dx.doi.org/10.1093/rfs/3.2.281

Masulis RW; Trueman B, 1988, 'Corporate Investment and Dividend Decisions under Differential Personal Taxation', Journal of Financial and Quantitative Analysis, 23, pp. 369 - 385, http://dx.doi.org/10.2307/2331077

Masulis RW, 1987, 'Changes in ownership structure. Conversions of mutual savings and loans to stock charter', Journal of Financial Economics, 18, pp. 29 - 59, http://dx.doi.org/10.1016/0304-405X(87)90060-2

Masulis RW; Korwar AN, 1986, 'Seasoned equity offerings. An empirical investigation', Journal of Financial Economics, 15, pp. 91 - 118, http://dx.doi.org/10.1016/0304-405X(86)90051-6

MASULIS RW, 1984, 'HOW BIG IS THE TAX-ADVANTAGE TO DEBT - DISCUSSION', JOURNAL OF FINANCE, 39, pp. 853 - 855, http://dx.doi.org/10.1111/j.1540-6261.1984.tb03679.x

Grinblatt MS; Masulis RW; Titman S, 1984, 'The valuation effects of stock splits and stock dividends', Journal of Financial Economics, 13, pp. 461 - 490, http://dx.doi.org/10.1016/0304-405X(84)90011-4

Masulis RW, 1984, 'How Big is the Tax Advantage to Debt?: Discussion', The Journal of Finance, 39, pp. 853 - 853, http://dx.doi.org/10.2307/2327949

MASULIS RW, 1983, 'The Impact of Capital Structure Change on Firm Value: Some Estimates', The Journal of Finance, 38, pp. 107 - 126, http://dx.doi.org/10.1111/j.1540-6261.1983.tb03629.x

Masulis RW, 1982, 'Government intervention in the mortgage market. A study of anti-redlining regulations', Journal of Monetary Economics, 10, pp. 191 - 213, http://dx.doi.org/10.1016/0304-3932(82)90014-9

DEANGELO H; MASULIS RW, 1980, 'LEVERAGE AND DIVIDEND IRRELEVANCY UNDER CORPORATE AND PERSONAL TAXATION', JOURNAL OF FINANCE, 35, pp. 453 - 464, http://dx.doi.org/10.2307/2327405

DeAngelo H; Masulis RW, 1980, 'Optimal capital structure under corporate and personal taxation', Journal of Financial Economics, 8, pp. 3 - 29, http://dx.doi.org/10.1016/0304-405X(80)90019-7

MASULIS RW, 1980, 'STOCK REPURCHASE BY TENDER OFFER - AN ANALYSIS OF THE CAUSES OF COMMON STOCK-PRICE CHANGES', JOURNAL OF FINANCE, 35, pp. 305 - 319, http://dx.doi.org/10.2307/2327388

Masulis RW, 1980, 'The effects of capital structure change on security prices. A study of exchange offers', Journal of Financial Economics, 8, pp. 139 - 178, http://dx.doi.org/10.1016/0304-405X(80)90015-X

Galai D; Masulis RW, 1976, 'The option pricing model and the risk factor of stock', Journal of Financial Economics, 3, pp. 53 - 81, http://dx.doi.org/10.1016/0304-405X(76)90020-9

Liu C; Low A; Masulis RW; Zhang L, 'Monitoring the Monitor: Distracted Institutional Investors and Board Governance', SSRN Electronic Journal, http://dx.doi.org/10.2139/ssrn.2934755

Conference Papers

Ellul A; Goldstein I; Holden C; Masulis R; Pontiff J; Schoar A, 2020, 'Annual Report of the Society for Financial Studies for 2018-2019', in Review of Corporate Finance Studies, pp. 207 - 226, http://dx.doi.org/10.1093/rcfs/cfz009

Pham PK; masulis R; Zein J, 2016, 'Why Do Family Business Groups Expand by Creating New Public Firms', Oslo, Norway, presented at European Finance Association, Oslo, Norway, 17 August 2016 - 19 August 2016, http://dx.doi.org/10.2139/ssrn.2515164

Pham PK; Zein J; Masulis R, 2015, 'Internal Capital Markets in Family Business Groups during the Global Financial Crisis', Lake Louise, Canada, presented at Northern Finance Association, Lake Louise, Canada, 18 September 2015 - 20 September 2015

, 2012, 'Shareholder Litigation in mergers and Acquisitions', in Journal of Finance, http://www.afajof.org/details/landingpage/2866101/About-the-AFA.html, Chicago USA, presented at 6th Annual Conference on Empirical Legal Studies, Chicago USA, 06 January 2012 - 08 January 2012, http://dx.doi.org/10.1016/j.jcorpfin.2012.08.004

Conference Presentations

Zein J; Masulis R; Dou Y, 2016, 'Shareholder wealth consequence of insider pledging of company stock as collateral for personal loans', presented at 2016 Western Finance Association Annual Meeting, Park City, Utah, U.S.A., 19 June 2016 - 23 June 2016

Conference Abstracts

MASULIS RW; NG V, 1993, 'OVERNIGHT AND DAYTIME STOCK RETURN DYNAMICS ON THE LONDON-STOCK-EXCHANGE', in JOURNAL OF FINANCE, AMER FINANCE ASSN, Vol. 48, pp. 1110 - 1110, https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:A1993LV00500081&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=891bb5ab6ba270e68a29b250adbe88d1

Working Papers

Masulis R; Zein J; Ang A; Pham P, 2019, Internal Capital Markets in Family Business Groups during the Global Financial Crisis, http://dx.doi.org

Ivanov VI; Masulis RW, 2008, Corporate venture capital, strategic alliances, and the governance of newly public firms, 2008-15, http://dx.doi.org, https://ideas.repec.org/p/hit/hitcei/2008-15.html

Masulis RW, 1982, The Impact on Firm Value of Capital Structure Change, Some Estimates, Finance, http://dx.doi.org

Preprints

Masulis RW, A Survey of Recent Evidence on Boards of Directors and CEO Incentives, , http://dx.doi.org/10.2139/ssrn.3520265

Masulis RW; Wang C; Xie F, Agency Problems at Dual-Class Companies, , http://dx.doi.org/10.2139/ssrn.961158

Masulis RW; Reza SW, Agency Problems of Corporate Philanthropy, , http://dx.doi.org/10.2139/ssrn.2234221

Masulis RW; Mobbs HS, Are All Inside Directors the Same? Evidence from the External Directorship Market., , http://dx.doi.org/10.2139/ssrn.1108036

Guo L; Masulis RW, Board Structure and Monitoring: New Evidence from CEO Turnover, , http://dx.doi.org/10.2139/ssrn.1787172

Guo L; Masulis RW, Board Structure and Monitoring: New Evidence from CEO Turnover, , http://dx.doi.org/10.2139/ssrn.1746396

Pham PK; Zein J; Masulis RW; Dash S, Certification or Expropriation? Business Groups in IPO Markets, , http://dx.doi.org/10.2139/ssrn.2024635

Dash S; Masulis RW; Pham PK; Zein J, Certification or Expropriation? Business Groups in IPO Markets, , http://dx.doi.org/10.2139/ssrn.1721815

Masulis RW; Zhang S, Compensation Gaps Among Top Corporate Executives, , http://dx.doi.org/10.2139/ssrn.2517182

Masulis RW; Zhang S, Compensation Gaps Among Top Executives: Evidence of Tournament Incentives or Productivity Differentials?, , http://dx.doi.org/10.2139/ssrn.2275455

Masulis RW; Zhang S, Compensation Gaps Among Top Executives: Evidence of Tournament Incentives or Productivity Differentials?, , http://dx.doi.org/10.2139/ssrn.2021584

Masulis RW; Wang C; Xie F, Corporate Governance and Acquirer Returns, , http://dx.doi.org/10.2139/ssrn.697501

Masulis RW; Simsir SA, Deal Initiation in Mergers and Acquisitions, , http://dx.doi.org/10.2139/ssrn.2297817

Masulis RW; Shen S; Zou H, Director Liability Protection and Board Quality, , http://dx.doi.org/10.2139/ssrn.3329220

Masulis RW; Wang C; Xie F; Zhang S, Directors: Older and Wiser, or Too Old to Govern?, , http://dx.doi.org/10.2139/ssrn.3284874

Masulis RW; Ruzzier CA; Xiao S; Zhao S, Do Independent Directors Matter?, , http://dx.doi.org/10.2139/ssrn.2022831

Masulis RW; Ruzzier CA; Xiao S; Zhao S, Do Independent Expert Directors Matter?, , http://dx.doi.org/10.2139/ssrn.2347187

Masulis RW; Ruzzier CA; Xiao S; Zhao S, Do Independent Expert Directors Matter?, , http://dx.doi.org/10.2139/ssrn.2082379

Banerjee S; Masulis RW; Pal S, Do More Transparency & Disclosure Necessarily Enhance Firm Performance?, , http://dx.doi.org/10.2139/ssrn.2437021

Masulis RW; Swan PL, Do Wealth Creating Mergers and Acquisitions Really Hurt Bidder Shareholders?, , http://dx.doi.org/10.2139/ssrn.2517209

Masulis RW; Pham PK; Zein J, Does Group Affiliation Facilitate Access to External Financing? Evidence from IPOS by Family Business Groups, , http://dx.doi.org/10.2139/ssrn.2348053

Knyazeva A; Knyazeva D; Masulis RW, Effects of Local Director Markets on Corporate Boards, , http://dx.doi.org/10.2139/ssrn.1904730

Masulis RW; Wang C; Xie F, Employee-Manager Alliances and Shareholder Returns from Acquisitions, , http://dx.doi.org/10.2139/ssrn.2895745


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