Research

Publications

• Has the Propensity to Pay Out Declined?, with Gustavo Grullon, Brad Paye, and James Weston 
  Journal of Financial and Quantitative Analysis 46 (2011), 1-24.  (Lead Article)
• Geographic Proximity and Price Discovery: Evidence from Nasdaq, withAmber Anand, Vladimir Gatchev, Leonardo Madureira, and Christo Pirinsky
  Journal of Financial Markets 14 (2011), 193-226.  (Lead Article)
• The Relative Informational Efficiency of Stocks and Bonds: An Intraday Analysis (with Chris Downing and Yuhang Xing)
  Journal of Financial and Quantitative Analysis 44 (2009), 1081-1102.
• The Cross-Market Information Content of Stock and Bond Order Flow
  Journal of Financial Markets 12 (2009), 268-289.
• Information, Sell-Side Research, and Market Making (with Leonardo Madureira)
  Journal of Financial Economics 90 (2008), 105-126.  (Lead article)
• Price Discovery in the Treasury Futures Market (with Michael Brandt and Ken Kavajecz)
  Journal of Futures Markets 27 (2007), 1021-1051.  (Lead article)

Working Papers

• Comovement and Investment Banking Networks (with Gustavo Grullon and James Weston)