David J. Denis

University of Pittsburgh

Roger Ahlbrandt Sr Chair in Finance

Katz Graduate School of Business

Pittsburgh, PA 15260

United States

SCHOLARLY PAPERS

35

DOWNLOADS
Rank 681

SSRN RANKINGS

Top 681

in Total Papers Downloads

25,592

CITATIONS
Rank 651

SSRN RANKINGS

Top 651

in Total Papers Citations

760

Scholarly Papers (35)

1.

Why Do Firms Pay Dividends? International Evidence on the Determinants of Dividend Policy

Number of pages: 52 Posted: 04 Mar 2006
Igor Osobov and David J. Denis
Georgia State University, Department of Finance and University of Pittsburgh
Downloads 5,224 (821)
Citation 56

Abstract:

dividends, dividend policy, payout policy, disappearing dividends, earned equity, catering

2.

Firm Value and Marketability Discounts

Number of pages: 27 Posted: 13 Apr 2001
LECG, LLC, University of Pittsburgh, University of Missouri at Columbia - Department of Finance and Santa Clara University - Department of Finance
Downloads 3,896 (1,532)
Citation 14

Abstract:

Marketability discount, valuation, liquidity discount

3.

Ownership and Board Structures in Publicly Traded Corporations

Number of pages: 50 Posted: 18 Aug 1998
Atulya Sarin and David J. Denis
Santa Clara University - Department of Finance and University of Pittsburgh
Downloads 1,541 (8,007)
Citation 128

Abstract:

4.

Debt Financing and Financial Flexibility: Evidence from Pro-active Leverage Increases

Review of Financial Studies, Forthcoming, AFA 2010 Atlanta Meetings Paper
Number of pages: 52 Posted: 17 Mar 2009 Last Revised: 20 Jan 2012
David J. Denis and Stephen B. McKeon
University of Pittsburgh and University of Oregon - Department of Finance
Downloads 1,468 (7,912)
Citation 17

Abstract:

Financial Flexibility, Capital Structure, Rebalancing, Tradeoff, Pecking order

5.

The Choice Between Bank Debt, Non-Bank Private Debt and Public Debt: Evidence from New Corporate Borrowings

AFA 2003 Washington, DC Meetings
Number of pages: 42 Posted: 19 May 2001
Vassil T. Mihov and David J. Denis
Texas Christian University - M.J. Neeley School of Business and University of Pittsburgh
Downloads 1,225 (10,007)
Citation 105

Abstract:

6.

Earnouts: A Study of Financial Contracting in Acquisition Agreements

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 52 Posted: 02 May 2006 Last Revised: 16 May 2012
Matthew D. Cain, David J. Denis and Diane K. Denis
U.S. Securities and Exchange Commission, University of Pittsburgh and University of Pittsburgh - Katz School of Business
Downloads 973 (15,215)
Citation 11

Abstract:

Earnouts, contingent payments, acquisitions

Financial Constraints, Investment, and the Value of Cash Holdings

Number of pages: 38 Posted: 15 Nov 2007
David J. Denis and Valeriy Sibilkov
University of Pittsburgh and University of Wisconsin - Milwaukee - Department of Finance
Downloads 960 (16,917)
Citation 57

Abstract:

cash, cash holdings, investment, financial constraints

Financial Constraints, Investment, and the Value of Cash Holdings

The Review of Financial Studies, Vol. 23, Issue 1, pp. 247-269, 2009
Posted: 25 Jan 2010
David J. Denis and Valeriy Sibilkov
University of Pittsburgh and University of Wisconsin - Milwaukee - Department of Finance

Abstract:

G32, G35

8.

Global Diversification, Industrial Diversification, and Firm Value

Number of pages: 46 Posted: 24 Oct 2000
David J. Denis, Diane K. Denis and Keven Yost
University of Pittsburgh, University of Pittsburgh - Katz School of Business and Auburn University - Department of Finance
Downloads 948 (17,095)
Citation 92

Abstract:

9.

Managerial Discipline and Corporate Restructuring Following Performance Declines

Number of pages: 43 Posted: 17 Feb 1999
Timothy A. Kruse and David J. Denis
Xavier University - Department of Finance and University of Pittsburgh
Downloads 871 (19,450)
Citation 63

Abstract:

10.

Do IPO Firms Purchase Analyst Coverage With Underpricing?

Number of pages: 42 Posted: 01 Apr 2003
Michael T. Cliff and David J. Denis
Analysis Group and University of Pittsburgh
Downloads 783 (22,574)
Citation 77

Abstract:

IPOs, analyst coverage, underwriters

11.
Downloads 727 ( 25,852)
Citation 26

Is There a Dark Side to Incentive Compensation?

Number of pages: 43 Posted: 17 Apr 2005
David J. Denis, Paul Hanouna and Atulya Sarin
University of Pittsburgh, Villanova University - School of Business and Santa Clara University - Department of Finance
Downloads 727 (25,437)
Citation 26

Abstract:

Fraud, Incentive, Compensation, Board Structure, Option

Is There a Dark Side to Incentive Compensation?

Journal of Corporate Finance, Vol. 12, No. 3, 2006
Posted: 15 Aug 2009
David J. Denis, Paul Hanouna and Atulya Sarin
University of Pittsburgh, Villanova University - School of Business and Santa Clara University - Department of Finance

Abstract:

Options, Incentives, Compensation, Fraud

12.

Internal Capital Markets and Investment Policy: Evidence from Corporate Spinoffs

Number of pages: 40 Posted: 27 Nov 2001
Seoungpil Ahn and David J. Denis
Sogang University and University of Pittsburgh
Downloads 668 (28,464)
Citation 36

Abstract:

Spinoff, diversification discount, divestiture, restructuring, excess value, internal capital market, investment policy

13.
Downloads 617 ( 32,487)
Citation 18

Do Firms Manage Earnings to Meet Dividend Thresholds?

AFA 2008 New Orleans Meetings Paper
Number of pages: 57 Posted: 11 Mar 2007
Naveen D. Daniel, David J. Denis and Lalitha Naveen
Drexel University - Department of Finance, University of Pittsburgh and Temple University
Downloads 617 (31,997)
Citation 18

Abstract:

dividend policy, dividend smoothing, earnings management, accruals

Do Firms Manage Earnings to Meet Dividend Thresholds?

Journal of Accounting & Economics (JAE), Forthcoming, Drexel College of Business Research Paper No. 2008-07
Posted: 16 Nov 2007
Naveen D. Daniel, David J. Denis and Lalitha Naveen
Drexel University - Department of Finance, University of Pittsburgh and Temple University

Abstract:

dividend policy, dividend smoothing, earnings management, accruals

14.

Information Production by Investment Banks: Evidence from Fairness Opinions

AFA 2008 New Orleans Meetings Paper, Journal of Law and Economics, Forthcoming
Number of pages: 58 Posted: 17 Mar 2007 Last Revised: 15 May 2012
Matthew D. Cain and David J. Denis
U.S. Securities and Exchange Commission and University of Pittsburgh
Downloads 593 (29,615)
Citation 4

Abstract:

fairness opinions, investment banks, contingent fees, mergers, valuation

15.

Leverage and Investment in Diversified Firms

Number of pages: 36 Posted: 13 Apr 2004
Seoungpil Ahn, David J. Denis and Diane K. Denis
Sogang University, University of Pittsburgh and University of Pittsburgh - Katz School of Business
Downloads 582 (32,349)
Citation 19

Abstract:

Leverage, diversification, investment policy

16.

Disappearing Dividends, Catering Incentives and Agency Costs: International Evidence

Number of pages: 39 Posted: 16 Aug 2005
Igor Osobov and David J. Denis
Georgia State University, Department of Finance and University of Pittsburgh
Downloads 574 (31,849)
Citation 6

Abstract:

Dividends, dividend policy, payout policy, disappearing dividends, catering, agency

17.

Is the Market Surprised by Poor Earnings Realizations Following Seasoned Equity Offerings?

EFA 0618
Number of pages: 41 Posted: 11 Feb 2000
Atulya Sarin and David J. Denis
Santa Clara University - Department of Finance and University of Pittsburgh
Downloads 557 (36,738)
Citation 18

Abstract:

18.

Material Adverse Change Clauses and Acquisition Dynamics

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 48 Posted: 17 May 2010 Last Revised: 02 Feb 2012
David J. Denis and Antonio J. Macias
University of Pittsburgh and Baylor University
Downloads 460 (41,884)
Citation 2

Abstract:

Acquisitions, Contractual mechanisms, Material-Adverse-Change clause (MACs)

Taxes and the Relative Valuation of S Corporations and C Corporations

Number of pages: 24 Posted: 19 Apr 2002
Atulya Sarin and David J. Denis
Santa Clara University - Department of Finance and University of Pittsburgh
Downloads 365 (62,265)
Citation 3

Abstract:

S corporation valuation

Taxes and the Relative Valuation of S Corporations and C Corporations

Journal of Applied Finance, Vol. 12, No. 2, Fall/Winter 2002
Posted: 12 Feb 2003
David J. Denis and Atulya Sarin
University of Pittsburgh and Santa Clara University - Department of Finance

Abstract:

20.

Insider Trading Restrictions and Top Executive Compensation

Journal of Accounting and Economics, Forthcoming, American Finance Association, AFA 2010 Atlanta Meetings
Number of pages: 59 Posted: 14 Aug 2011 Last Revised: 17 Sep 2013
David J. Denis and Jin Xu
University of Pittsburgh and Virginia Tech - Pamplin College of Business
Downloads 296 (70,697)
Citation 2

Abstract:

insider trading restrictions, executive compensation, insider ownership

21.

Debt Covenant Renegotiations and Creditor Control Rights

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 29 Aug 2013 Last Revised: 15 Nov 2013
David J. Denis and Jing Wang
University of Pittsburgh and University of Nebraska at Lincoln - Department of Finance
Downloads 277 (65,576)
Citation 1

Abstract:

debt contracting, creditor control rights, investment policy, financing policy

22.

Corporate Payout, Cash Retention, and the Supply of Credit: Evidence from the 2008-09 Credit Crisis

Number of pages: 45 Posted: 23 Apr 2013
Barbara A. Bliss, Yingmei Cheng and David J. Denis
University of San Diego, Florida State University - College of Business and University of Pittsburgh
Downloads 175 (110,316)

Abstract:

Cash, Corporate investment, Payout policy, Crisis, Financing constraints

23.

CEO Assessment and the Structure of Newly Formed Boards

Review of Financial Studies, Forthcoming
Number of pages: 47 Posted: 08 Jun 2014 Last Revised: 04 Sep 2015
David J. Denis, Diane K. Denis and Mark D. Walker
University of Pittsburgh, University of Pittsburgh - Katz School of Business and North Carolina State University
Downloads 120 (125,203)

Abstract:

Board of directors, Spinoffs, Governance

24.

Taxes, Investment, and Capital Structure: A Study of U.S. Firms in the Early 1900s

Number of pages: 56 Posted: 15 Mar 2014
Leonce Bargeron, David J. Denis and Kenneth Lehn
University of Kentucky - Gatton College of Business and Economics, University of Pittsburgh and University of Pittsburgh - Finance Group
Downloads 75 (182,115)
Citation 1

Abstract:

capital structure, taxes, investment

25.

Mean Reversion in Earnings and the Use of E/P Multiples in Corporate Valuation

Journal of Applied Finance, Vol. 14, No. 1, Spring/Summer 2004
Number of pages: 7 Posted: 10 Jan 2005
Mukesh Bajaj, David J. Denis and Atulya Sarin
LECG, LLC, University of Pittsburgh and Santa Clara University - Department of Finance
Downloads 21 (304,045)
Citation 2

Abstract:

26.

Proactive Leverage Increases and the Value of Financial Flexibility

Journal of Applied Corporate Finance, Vol. 28, Issue 4, pp. 17-28, 2016
Number of pages: 14 Posted: 20 Jan 2017
David J. Denis and Stephen B. McKeon
University of Pittsburgh and University of Oregon - Department of Finance
Downloads 0 (531,832)

Abstract:

27.

Persistent Operating Losses and Corporate Financial Policies

Number of pages: 49 Posted: 08 Dec 2016
David J. Denis and Stephen B. McKeon
University of Pittsburgh and University of Oregon - Department of Finance
Downloads 0 (279,420)

Abstract:

Cash Flow, Cash, Equity Issuance

28.

Doing Empirical Corporate Finance Research in an Endogenous World: Tutorial Session from the 2014 FMA Annual Meeting

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 25, No. 1, 2015
Number of pages: 14 Posted: 02 Jul 2016
David J. Denis
University of Pittsburgh
Downloads 0 (315,056)

Abstract:

29.

The Persistent Puzzle of Corporate Capital Structure: Current Challenges and New Directions

Financial Review, Vol. 47, Issue 4, pp. 631-643, 2012
Number of pages: 13 Posted: 15 Sep 2012
David J. Denis
University of Pittsburgh
Downloads 0 (531,832)
Citation 2

Abstract:

capital structure, financial flexibility

30.

Investment Opportunities and the Market Reaction to Equity Offerings

J of Financial and Quantitative Analysis, Vol. 29, No. 2, June 1994
Posted: 12 May 2000
David J. Denis
University of Pittsburgh

Abstract:

31.

Ownership Structure and Top Management Turnover

Posted: 10 Sep 1999
David J. Denis, Diane K. Denis and Atulya Sarin
University of Pittsburgh, University of Pittsburgh - Katz School of Business and Santa Clara University - Department of Finance

Abstract:

Abstract:

33.

Causes of Financial Distress Following Leveraged Recapitalizations

Posted: 28 Jul 1999
David J. Denis and Diane K. Denis
University of Pittsburgh and University of Pittsburgh - Katz School of Business

Abstract:

34.

Agency Problems, Equity Ownership, and Corporate Diversification

J. OF FINANCE
Posted: 09 Dec 1996
David J. Denis, Diane K. Denis and Atulya Sarin
University of Pittsburgh, University of Pittsburgh - Katz School of Business and Santa Clara University - Department of Finance

Abstract:

Performance Changes Following Top Management Dismissals

JOURNAL OF FINANCE, Vol 50 No 4, September 1995
Posted: 04 Aug 1995
Diane K. Denis and David J. Denis
University of Pittsburgh - Katz School of Business and University of Pittsburgh

Abstract:

Performance Changes Following Top Management Dismissals

Posted: 21 Feb 1995
Diane K. Denis and David J. Denis
University of Pittsburgh - Katz School of Business and University of Pittsburgh

Abstract: