Research Interests

Theoretical and empirical corporate finance and entrepreneurial finance with primary focus on: Venture Capital, Corporate Innovation, Mergers and Acquisitions, and Payout Policy.

My Google Scholar Page is here

Publications

[8]  “Does Stock Liquidity Enhance or Impede Firm Innovation?” 2013, Journal of Finance (with Vivian Fang and Sheri Tice), forthcoming [Download]

  Supplemental material: Internet Appendix for “Fang, Tian, and Tice (2013)”

[7]  “Financial Development and Innovation: Cross-country Evidence,” 2013, Journal of Financial Economics (with Po-Hsuan Hsu and Yan Xu), forthcoming [Download] 

  Data file mapping the USPTO technology classes to SIC codes is available here

[6]  “Communicating Private Information to the Equity Market Before a Dividend Cut: An Empirical Analysis,” 2013, Journal of Financial and Quantitative Analysis (with Thomas Chemmanur), forthcoming [Download] 

[5]  “The Dark Side of Analyst Coverage: The Case of Innovation,” 2013, Journal of Financial Economics  (with Jie He), forthcoming [Download]

  Supplemental material: Internet Appendix for “He and Tian (2013)”

[4]  “Tolerance for Failure and Corporate Innovation,” 2012, Review of Financial Studies (with Tracy Wang), forthcoming [Download]

[3]  “‘Preparing’ the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends,” 2012, Journal of Financial and Quantitative Analysis (with Thomas Chemmanur), Vol. 47 (5), 993-972 [Download]

[2]  “The Role of Venture Capital Syndication in Value Creation for Entrepreneurial Firms,” 2012, Review of Finance, Vol. 16 (1), 245-283 [Download]

[1]  “The Causes and Consequences of Venture Capital Stage Financing,” 2011, Journal of Financial Economics, Vol. 101 (1), 132-159 [Download]

  Winner of Jensen Prizes (2nd place) for best paper published in 2011 in the areas of Corporate Finance and Organizations in Journal of Financial Economics

Working Papers

      [9]   “Does Banking Competition Affect Innovation?" with Jess Cornaggia, Yifei Mao, and Brian Wolfe [Download]

  Revise and resubmit (3rd round), Journal of Financial Economics

  On the 2013 WFA program

     [10]  “Corporate Venture Capital, Value Creation, and Innovation,” with Thomas Chemmanur and Elena Loutskina [Download]

  Revise and resubmit (2nd round), Review of Financial Studies

  On the 2013 WFA program

     [11]  “Does Firm’s Geographic Location Affect Its Takeover Exposure?” with Ye Cai [Download]

  Revise and resubmit (2nd round), Journal of Economics & Management Strategy

     [12]  “Disciplining Delegated Monitors: The Consequences of Failing to Prevent Fraud,” with Gregory Udell and Xiaoyun Yu  [Download]

  Winner of the Best Paper Award in Financial Markets and Institutions, 2012 FMA meetings

  On the 2013 WFA program

[13]  “Providing Protection or Encouraging Holdup? The Effects of Labor Unions on Innovation” with Daniel Bradley and Incheol Kim [Download]

  On the 2013 NBER Productivity, Entrepreneurship, and Innovation program

  On the 2013 European Finance Association program

  On the Inaugural CSEF Conference on Finance and Labor program

  On the 2013 Kauffman Entrepreneurial Finance and Innovation program

      [14]  “Do Entrepreneurs Make Good VCs?” with Ye Cai and Merih Sevilir [Download]

  On the 2013 AFA program

      [15]  “Acquiring Innovation,” with Merih Sevilir  [Download]

  On the 2012 AFA program

      [16]  “Do Anti-takeover Provisions Spur Corporate Innovation?” with Thomas Chemmanur  [Download]

  On the 2012 AFA program

      [17]  “Peer Monitoring and Syndication,” with Thomas Chemmanur  [Download]

 

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