WORKING PAPERS
Current versions of some of the following papers are available as a PDF or hard copy. If interested, please contact me.
"Entrepreneurs, Investors, and Equity Financing" (with Thomas W. Hall)
Abstract: We develop a theoretical model of the interaction between investors and entrepreneurs in a stylized private equity market. Analysis of the entrepreneur’s and the investor’s problems leads to the derivation of the equilibrium ownership share; comparative-static analysis of variation in this share then motivates four central hypotheses. We test these hypotheses using unique data from a professionally-conducted survey of high-technology managers of start-up firms. Empirical analysis confirms the model’s prediction of an inverse relationship between the ownership share yielded to the investor and the level of entrepreneurial profitability, productivity, and resources. Results also confirm a predicted positive association between ownership share and investor costs.
"Illicit Accounting Practice and Corporate Earnings Irregularities" (with Atul Rai)
Abstract forthcoming.
untitled online reviewer/rating project (with Timothy D. Landry and Todd J. Arnold)
Abstract forthcoming.
untitled managerial dismissal project (with Clint Chadwick)
Abstract forthcoming.
various projects in the economics of crime and victimization
Abstracts forthcoming...eventually.