research overview
- My research interest is in the general area of corporate finance, that is, the financial decisions that corporations make. Financial decisions include whether to finance an investment project using debt, equity, or internally-generated funds, as well as whether to pay out dividends to shareholders, repurchase shares, or accumulate cash to fund future investment projects. Within this general area, I am particularly interested in how such financial decisions influence 'real' decisions, and vice versa. By 'real' decisions, I refer to the capital investment, hiring, and production decisions made by firms. After all, what really matters to an economy is how efficiently firms are able to transform the technology-embedded capital assets and the labor expertise into goods and services valued by individual consumers. However, firms' real activities can depend heavily on their financing.