Ph.D., Haas School of Business, University of California at Berkeley, 2006; M.S. Physics, University of Minnesota, 2001; B.S. Physics, Belarus State University, 1999
Theoretical and empirical corporate finance, agency theory and contracting, executive and non-executive compensation, capital structure
"Real Investment with Financial Hedging", (with Yuri Tserlukevich), working paper, 2011.
"Agency Implications of Equity Market Timing", (with PengChen Wan and Yuri Tserlukevich), working paper, 2011.
"Do Non-Executive Employees Have Information? Evidence from Employee Stock Purchase Plans," with Rik Sen, 2010, working paper.
"Adverse Selection and Stock-Based Grants to Non-Executive Employees," working paper, 2009.
Career and Professional Awards; Teaching Awards
CERG Competitive Research Grant (HK$480,000), RPC Competitive Research Grant (HK$150,000), DAG Research Grant (HK$100,000), Best Teaching Award, 2003, (Masters of Financial engineering program), UC Berkeley
"The Credibility of Open Market Share Repurchase Signaling," with Yuri Tserlukevich and Alexander Vedrashko, 2011, forthcoming in Journal of Financial and Quantitative Analysis.
"Employee Stock Options and Real Investment," with Michael Lemmon and Yuri Tserlukevich, 2011, Journal of Finance 66, 981-1010.
"Analyzing the Tax Benefits from Employee Stock Options," with Yuri Tserlukevich, 2009, Journal of Finance 64, 1797-1825.
"Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts," 2009, Journal of Finance 64, 117-151.