Recent Publications
"Liquidity Biases in Asset Pricing Tests", with Elena Asparouhova and Ivalina Kalcheva, Journal of Financial Economics, forthcoming.
"Hidden Liquidity: An Anlaysis of Order Submission Strategies in Automated Markets," with Marios Panayides and Kumar Venkataraman, Journal of Financial Economics, forthcoming.
“Measuring Abnormal Bond Performance” (with William Maxwell, Kathleen Kahle, and Danielle Xu), Review of Financial Studies, forthcoming.
"Transparency and the Corporate Bond Market" with William Maxwell, Journal of Economic Perspectives, Spring 2008.
"Does Market Structure Matter? Trading Costs and Return Volatility Around Exchange Listings", with Subhrendu Rath, in Market Liquidity, edited by Greg N. Gregoriou and Francois-Serge Lhabitant, John Wiley & Sons, 2008.
"Market Transparency, Liquidity Externalitites, and Institutional Trading Costs in Corporate Bonds, with William Maxwell and Kumar Venkataraman, Journal of Financial Economics, November, 2006.
"Gains From Trade Under Uncertainty: The Case of Electric Power Markets" (with Mike Lemmon), The Journal of Business, July 2006.
"Does an Electronic Stock Exchange need an Upstairs Market?" (with Kumar Venkataraman), Journal of Financial Economics, June 2004.
"Quote-Based Competition and Trade Execution Costs in NYSE-Listed Stocks", Journal of Financial Economics , December 2003.
"Trade Execution Costs and Market Quality after Decimalization", Journal of Financial and Quantitative Analysis, December, 2003.
"Issues in Assessing Trade Execution Costs", The Journal of Financial Markets, June 2003.
