Paul Asquith

Gordon Y Billard Professor of Finance
Professor of Finance

Biography | Selected Publications

"Performance Pricing in Debt Contracts," Journal of Accounting and Economics, December 2005 (with Anne Beatty and Joseph Weber).

"Short Interest, Institutional Ownership, and Stock Returns," Journal of Financial Economics, November 2005 (with Parag Pathak and Jay Ritter).

"Convertible Bonds Are Not Called Late," Journal of Finance, September 1995.

"Anatomy of Financial Distress: An Examination of Junk-Bond Issuers," Quarterly Journal of Economics, August 1994 (with Robert Gertner and David Scharfstein).

"Convertible Debt: Corporate Call Policy, and Voluntary Conversion," Journal of Finance, September 1991 (with David W. Mullins, Jr.).

"Event Risk, Wealth Redistribution, Bond Covenants, and the Return to Existing Bondholders in Corporate Buyouts," Journal of Financial Economics, September 1990 (with Thierry Wizman).

Event Risk, Covenants, and Bondholder Returns in Leveraged Buyouts (1990)

Merger Returns and the Form of Financing (1990)

"Earnings and Stock Splits" Accounting Review, July 1989 (with Paul Healy and Krishna Palepu).

"Original Issue High Yield Bonds: Aging Analyses of Defaults, Exchanges, and Calls" Journal of Finance, September 1989 (with David Mullins and Eric Wolff). Winner of the 1989 American Finance Association Smith-Breeden Award.

"Merger Returns and the Form of Financing" Proceedings: CRSP Seminar on the Analysis of Security Prices, May 1987 (with R. Bruner and David W. Mullins, Jr.).

"Equity Issues and Offering Dilution," Journal of Financial Economics, January 1986 (with David W, Mullins, Jr.). Reprinted in Edwards, Franks, Mayer, and Schafer, Recent Developments in Corporate Finance. Winner Journal of Financial Economics “All-Star Paper Award”.

"Signalling with Dividends, Stock Repurchases, and Equity Issues," Financial Management, Autumn 1986, (with David.W. Mullins, Jr.).

"Changes in Dividend Policy and Stock Trading Volume," Proceedings: CRSP Seminar on the Analysis of Security Prices, May 1985 (with William Krasker).

"Mergers Bids, Market Uncertainty and Stockholder Returns," Journal of Financial Economics, April 1983. Winner Journal of Financial Economics “All-Star Paper Award”.

"The Gains to Bidding Firms from Merger," Journal of Financial Economics, April 1983 (with R. Bruner and David.W. Mullins, Jr.). Winner Journal of Financial Economics “All-Star Paper Award”.

"The Impact of Mergers on the Welfare of the Participating Securityholders," Journal of Finance, December 1982 (with E. Han Kim).

 

Contact Information
Office: E62-660
Tel: (617) 253-7177
Fax: (617) 253-0603
Support Staff
Name: Brenna Murphy
Tel:
Name: Ariel Leitao
Tel: (617) 715-4178
Name: Nancy Leonelli
Tel: (617) 253-6130
Group(s)

Research Center(s)

General Expertise
Analysts' forecasts; Bankruptcy; Capital budgeting; Corporate finance; Diversification, corporate; Dividend policy; Valuation