Darius Palia

Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics

Professor of Finance & Economics

111 Washington Street

MEC 134

Newark, NJ 07102

United States

Columbia University - Law School

Senior Fellow

435 W 116th St.

New York, NY 10027

United States

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 3,869

SSRN RANKINGS

Top 3,869

in Total Papers Downloads

18,619

SSRN CITATIONS
Rank 1,504

SSRN RANKINGS

Top 1,504

in Total Papers Citations

278

CROSSREF CITATIONS

852

Scholarly Papers (32)

1.

The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance

Columbia Law and Economics Working Paper No. 521
Number of pages: 109 Posted: 06 Sep 2015
John C. Coffee and Darius Palia
Columbia Law School and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 3,388 (6,864)
Citation 23

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hedge fund, institutional investor, long-term investment, research and development (R&D), Schedule 13D, shareholder activism, wealth transfer, Williams Act, wolf pack

2.

Related Party Transactions: Associations with Corporate Governance and Firm Value

EFA 2004 Maastricht Meetings Paper No. 4377, AFA 2006 Boston Meetings Paper
Number of pages: 60 Posted: 24 Oct 2005
Elizabeth A. Gordon, Elaine Henry and Darius Palia
Temple University - Department of Accounting, Stevens Institute of Technology - School of Business and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 3,080 (7,985)
Citation 64

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3.

The Impact of Hedge Fund Activism: Evidence and Implications

European Corporate Governance Institute (ECGI) - Law Working Paper No. 266/2014, Columbia Law and Economics Working Paper No. 489
Number of pages: 89 Posted: 17 Sep 2014 Last Revised: 04 Oct 2014
John C. Coffee and Darius Palia
Columbia Law School and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 2,729 (9,640)
Citation 17

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hedge fund, institutional investor, Schedule 13D, shareholder activism, Williams Act, wolf pack

4.

Impact of the Dodd-Frank Act on Credit Ratings

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 44 Posted: 03 Jun 2014 Last Revised: 26 Jun 2015
Valentin Dimitrov, Darius Palia and Leo Tang
Rutgers, The State University of New Jersey - Accounting & Information Systems, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Lehigh University
Downloads 2,121 (14,419)
Citation 8

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Dodd-Frank, Reputation, Credit Ratings, Information

5.

Are M&A Contract Clauses Value Relevant to Bidder and Target Shareholders?

Number of pages: 39 Posted: 22 Jun 2018 Last Revised: 09 Jun 2019
John C. Coates IV, Darius Palia and Ge Wu
Harvard Law School, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and University of Richmond
Downloads 768 (63,863)

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Merger clauses, mergers and acquisitions

6.

Corporate Governance and Firm Performance: Evidence from Large Governance Changes

Number of pages: 64 Posted: 21 Mar 2008
N.K. Chidambaran, Darius Palia and Yudan Zheng
Fordham UniversityFordham University, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Long Island University
Downloads 662 (77,291)
Citation 18

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7.

Reverse Termination Fees in M&A

Number of pages: 46 Posted: 14 Aug 2017 Last Revised: 28 Jan 2018
John C. Coates IV, Darius Palia and Ge Wu
Harvard Law School, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and University of Richmond
Downloads 648 (79,406)

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Merger, Acquisition, Break Fee, Reverse Break Fee, Reverse Termination Fee, Contract

8.

Is Say on Pay All About Pay? The Impact of Firm Performance

Harvard Business Law Review, Vol. 8, p. 101, 2018, U of Penn, Inst for Law & Econ Research Paper No. 17-39, European Corporate Governance Institute (ECGI) - Law Working Paper No. 374/2017
Number of pages: 30 Posted: 03 Oct 2017 Last Revised: 24 Sep 2018
University of Pennsylvania Carey Law School, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and University of California, Berkeley - School of Law
Downloads 630 (82,231)
Citation 6

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corporate governance, Wall Street reform, Dodd-Frank Act, say on pay, performance based executive compensation, disclosure, shareholder voting, empirical analysis, problematic incentives, short-termism, excessive risk-taking

9.

Banks' Non-Interest Income and Systemic Risk

Review of Corporate Finance Studies (2020), 9(2):229-255.
Number of pages: 33 Posted: 14 Feb 2019 Last Revised: 19 Nov 2021
Princeton University - Department of Economics, Boston College - Department of Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 548 (98,095)
Citation 20

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Systemic Risk, Banks, Non-Interest Income, Risk-Spillover, Capital Requirements

10.

Heterogeneous Speeds of Adjustment in Target Capital Structure

Number of pages: 36 Posted: 19 Mar 2012 Last Revised: 26 Apr 2012
Kose John, Tae-Nyun Kim and Darius Palia
New York University (NYU) - Leonard N. Stern School of Business, The College of New Jersey, School of Business and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 503 (109,030)
Citation 3

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target capital structure, speed of adjustment

11.

Corporate Governance Changes as a Signal: Contextualizing the Performance Link

European Corporate Governance Institute (ECGI) - Law Working Paper No. 323/2016, Stanford Law and Economics Olin Working Paper No. 496
Number of pages: 53 Posted: 11 Jul 2016 Last Revised: 16 Nov 2016
Merritt B. Fox, Ronald J. Gilson and Darius Palia
Columbia University - Law School, Stanford Law School and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 431 (130,902)
Citation 2

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12.

Appraisal Arbitrage and Shareholder Value

Journal of Law, Finance & Accounting, Forthcoming
Number of pages: 56 Posted: 14 Nov 2017 Last Revised: 18 Mar 2018
Scott Callahan, Darius Palia and Eric L. Talley
Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Columbia University - School of Law
Downloads 414 (137,098)
Citation 2

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Appraisal arbitrage, valuation, litigation, company auctions

13.

Strategic Borrowing from Passive Investors

Review of Finance, Forthcoming
Number of pages: 55 Posted: 07 Mar 2019 Last Revised: 03 Jun 2024
Darius Palia and Stanislav Sokolinski
Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Michigan State University - Department of Finance
Downloads 354 (163,419)

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Security Lending, Short-Sales Constraints, Passive Asset Management, Market Efficiency

14.

Understanding the Determinants of Managerial Ownership and the Link between Ownership and Performance

NBER Working Paper No. w7209
Number of pages: 46 Posted: 21 Feb 2000 Last Revised: 14 Sep 2022
Goldman, Sachs & Co., Columbia University - Columbia Business School, Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 294 (199,045)
Citation 13

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15.

Heterogeneous Background Risks and Portfolio Choice: Evidence from Micro-Level Data

Journal of Money, Credit and Banking, Forthcoming
Number of pages: 50 Posted: 16 Feb 2009 Last Revised: 05 Nov 2014
Darius Palia, Yaxuan Qi and Yangru Wu
Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics, City University of Hong Kong (CityU) - Department of Economics & Finance and Rutgers University, Newark - School of Business - Department of Finance & Economics
Downloads 269 (218,101)
Citation 30

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background risks, stock market participation, portfolio choice, asset returns

16.

The Core Corporate Governance Puzzle: Contextualizing the Link to Performance

Boston University Law Review, Vol 99, October 2019 (Forthcoming) , Columbia Law and Economics Working Paper No. 605 (2019), Stanford Law and Economics Olin Working Paper No. 539
Number of pages: 63 Posted: 05 Sep 2019
Merritt B. Fox, Ronald J. Gilson and Darius Palia
Columbia University - Law School, Stanford Law School and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 233 (251,193)

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17.

Analysis of Discrimination in Prime and Subprime Mortgage Markets

Number of pages: 47 Posted: 22 Dec 2011
R. Glenn Hubbard, Darius Palia and Wei Yu
Columbia University - Columbia Business School, Finance, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and California State Polytechnic University, Pomona
Downloads 223 (262,008)
Citation 2

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subprime, discrimination, banking

18.

An Efficient Fixed-Effects Estimator for Corporate Finance

Number of pages: 73 Posted: 22 May 2018 Last Revised: 13 Apr 2020
Daniela Osterrieder, Darius Palia and Ge Wu
Rutgers Business School, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and University of Richmond
Downloads 186 (309,333)
Citation 1

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19.

Short-Term Debt and Bank Risk

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 37 Posted: 09 Dec 2016
Brian Du and Darius Palia
California State University, East Bay and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 180 (318,505)
Citation 2

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Repos; Short-Term Debt; Financial Crisis; Banking; Risk

20.

Impact of Dodd-Frank on CEO Pay and Bank Risk

Number of pages: 63 Posted: 01 Mar 2022 Last Revised: 28 May 2024
Hengguo Da, Christopher M. James and Darius Palia
Southwestern University of Finance and Economics, University of Florida - Department of Finance, Insurance and Real Estate and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 145 (382,671)

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Dodd-Frank, CEO Pay, bank risk

21.

A Re-Examination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View

NBER Working Paper No. w6539
Number of pages: 31 Posted: 06 Jul 2000 Last Revised: 14 Nov 2022
R. Glenn Hubbard and Darius Palia
Columbia University - Columbia Business School, Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 128 (421,727)
Citation 14

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22.

Disagreement, Speculation and Management Forecasts

Number of pages: 65 Posted: 28 Apr 2020 Last Revised: 07 Jun 2022
Valentin Dimitrov, Darius Palia and Zhiwei Xu
Rutgers, The State University of New Jersey - Accounting & Information Systems, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 111 (469,629)

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Speculation, Disagreement, Management Forecasts, Stock Prices, Short Sale Constraints, Speculative Trading

23.

Differential Access to Capital from Financial Institutions by Minority Entrepreneurs

Number of pages: 42 Posted: 02 Jun 2015
Darius Palia
Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 94 (526,636)
Citation 1

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24.

Impact of Internal Governance on a CEO’s Investment Cycle

Number of pages: 58 Posted: 23 Sep 2020 Last Revised: 23 Dec 2020
Ivan Brick, Darius Palia and Yankuo Qiao
Rutgers Business School at Newark and New Brunswick, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and The George B. Delaplaine Jr. School of Business, Hood College
Downloads 82 (573,013)

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Internal Governance, Agency Theory, Executive Horizon, CEO's Investment Cycle, CEO Turnover

25.

Executive Pay and Performance: Evidence from the U.S. Banking Industry

NBER Working Paper No. w4704
Number of pages: 29 Posted: 16 May 2011 Last Revised: 10 Nov 2022
R. Glenn Hubbard and Darius Palia
Columbia University - Columbia Business School, Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 77 (594,117)
Citation 30

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26.

Bank Ceo Pay-Risk Sensitivity and Loan Contract Terms

Number of pages: 39 Posted: 07 Mar 2022
Hengguo Da, Kose John and Darius Palia
Southwestern University of Finance and Economics, New York University (NYU) - Leonard N. Stern School of Business and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 75 (602,861)

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Bank compensation, risk, loan contract terms

27.

Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms

NBER Working Paper No. w5079
Number of pages: 26 Posted: 13 Jul 2000 Last Revised: 19 Nov 2022
R. Glenn Hubbard and Darius Palia
Columbia University - Columbia Business School, Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 73 (611,999)
Citation 1

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28.

African American Representation on the Boards of Banks and Mortgage Loan Rejection Rates

Number of pages: 46 Posted: 01 Aug 2023
Valentin Dimitrov, Jiayin Li and Darius Palia
Rutgers, The State University of New Jersey - Accounting & Information Systems, University of International Business and Economics (UIBE) and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 65 (650,801)

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bank lending, discrimination, mortgage loans, board of directors, diversity

29.

The Political Economy of Branching Restrictions and Deposit Insurance: a Model of Monopolistic Competition Among Small and Large Banks

NBER Working Paper No. w5210
Number of pages: 41 Posted: 13 Jun 2000 Last Revised: 28 Sep 2022
New York University - Leonard N. Stern School of Business - Department of Economics, Columbia University - Columbia Business School, Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 60 (677,053)

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30.

The Impact of Commercial Banks on Underwriting Spreads: Evidence from Three Decades

Journal of Financial and Quantitative Analysis (JFQA), Vol. 43, No. 4, 2008
Number of pages: 27 Posted: 09 Nov 2018
Dongcheol Kim, Darius Palia and Anthony Saunders
Korea University Business School, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and New York University - Leonard N. Stern School of Business
Downloads 48 (748,031)
Citation 2

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Initial Public Offering (IPO), Underwriting Spread, Under-Pricing, Costs of Issuing Equities and Debts

31.

Ex Ante Choice of Jury Waiver Clauses in Mergers

17 American Law and Economics Review (Fall 2015), Columbia Law and Economics Working Paper No. 518, Columbia Public Law Research Paper No. 14-473
Posted: 06 Aug 2015 Last Revised: 19 Nov 2021
Darius Palia and Robert E. Scott
Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Columbia University - Law School

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merger, acquisition, jury trials, merger agreements, jury waiver clause, ex ante choice

32.

Banks’ Non-Interest Income and Systemic Risk

AFA 2012 Chicago Meetings Paper
Posted: 23 Mar 2011 Last Revised: 19 Nov 2021
Princeton University - Department of Economics, Boston College - Department of Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics

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Systemic Risk, Banks, Non-interest Income, Risk-spillover, Capital requirements