David J. Denis

University of Pittsburgh

Roger Ahlbrandt Sr Chair in Finance

Katz Graduate School of Business

Pittsburgh, PA 15260

United States

SCHOLARLY PAPERS

38

DOWNLOADS
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Top 1,394

in Total Papers Downloads

34,407

SSRN CITATIONS
Rank 1,821

SSRN RANKINGS

Top 1,821

in Total Papers Citations

786

CROSSREF CITATIONS

75

Scholarly Papers (38)

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
Michigan State University - Eli Broad College of Business and University of Pittsburgh
Downloads 6,987 (1,801)
Citation 62

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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 4,641 (3,617)
Citation 14

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Marketability discount, valuation, liquidity discount

3.

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 1,896 (15,350)
Citation 49

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

4.

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

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 1,810 (16,511)
Citation 76

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5.

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 1,640 (19,244)
Citation 37

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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
Berkeley Center for Law and Business, University of Pittsburgh and University of Pittsburgh - Katz School of Business
Downloads 1,530 (21,409)
Citation 16

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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 1,450 (22,794)
Citation 60

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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

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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 1,100 (34,674)
Citation 32

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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 1,020 (38,672)
Citation 24

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10.
Downloads 915 (45,035)
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 915 (44,379)
Citation 26

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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

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Options, Incentives, Compensation, Fraud

11.

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 905 (45,717)
Citation 8

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IPOs, analyst coverage, underwriters

12.

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
Berkeley Center for Law and Business and University of Pittsburgh
Downloads 875 (47,848)
Citation 13

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

13.

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 800 (54,120)
Citation 16

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

14.

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 790 (55,110)
Citation 17

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

15.

Disappearing Dividends, Catering Incentives and Agency Costs: International Evidence

Number of pages: 39 Posted: 16 Aug 2005
Igor Osobov and David J. Denis
Michigan State University - Eli Broad College of Business and University of Pittsburgh
Downloads 777 (56,258)
Citation 4

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

16.

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 765 (57,451)
Citation 14

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Leverage, diversification, investment policy

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 - Department of Finance
Downloads 741 (59,117)
Citation 5

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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 - Department of Finance

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dividend policy, dividend smoothing, earnings management, accruals

18.

Persistent Operating Losses and Corporate Financial Policies

Number of pages: 62 Posted: 08 Dec 2016 Last Revised: 30 Jun 2018
David J. Denis and Stephen B. McKeon
University of Pittsburgh and University of Oregon - Department of Finance
Downloads 663 (69,275)
Citation 12

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Cash Flow, Cash, Equity Issuance

19.

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 610 (76,916)
Citation 6

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20.

The SEC's Misguided Climate Disclosure Rule Proposal

GWU Legal Studies Research Paper No. 61, 2022, GWU Law School Public Law Research Paper No. 61, 2022, Virginia Law and Economics Research Paper No. 2022-27, 41 Banking & Financial Services Policy Report 1, 2022, Northwestern Law & Econ Research Paper No. 22-17, Stanford University Graduate School of Business Research Paper No. 4256724
Number of pages: 14 Posted: 27 Oct 2022 Last Revised: 05 Jan 2023
George Washington University, University of California, Los Angeles (UCLA) - School of Law, Stanford Graduate School of Business, University of Colorado at Boulder - Department of Finance, Northwestern University - Pritzker School of Law, Emory University School of Law, University of Pittsburgh, University of Pittsburgh - Katz School of Business, University of Delaware - John L. Weinberg Center for Corporate Governance, Harvard Law School, Fordham University School of Law, University of Washington - Michael G. Foster School of Business, George Washington University - Law School, University of Virginia School of Law, Northwestern University - Pritzker School of Law, University of Virginia School of Law, University of Virginia School of Law, University of Michigan Law School, Ohio State University (OSU) - Michael E. Moritz College of Law, Yale Law School, University of Pennsylvania - The Wharton School and George Mason University - Antonin Scalia Law School
Downloads 608 (77,207)

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SEC authority, climate disclosure, ESG, institutional investors, individual investors, information economics, government policy, financial markets, government power

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 Missouri at Columbia
Downloads 576 (82,591)
Citation 69

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

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 453 (109,655)
Citation 2

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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

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23.

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: 06 Apr 2020
David J. Denis and Jin Xu
University of Pittsburgh and Virginia Tech - Pamplin College of Business
Downloads 447 (112,541)
Citation 17

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insider trading restrictions, executive compensation, insider ownership

24.

Persistent Negative Cash Flows, Staged Financing, and the Stockpiling of Cash Balances

Number of pages: 53 Posted: 01 Jul 2020
David J. Denis and Stephen B. McKeon
University of Pittsburgh and University of Oregon - Department of Finance
Downloads 398 (128,843)
Citation 19

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Negative cash flow, cash balances, intangible capital, staged financing

25.

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 370 (139,769)
Citation 18

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

26.

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 301 (174,341)
Citation 11

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Board of directors, Spinoffs, Governance

27.

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 288 (182,660)

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28.

The Selection of Directors to Corporate Boards

31st Australasian Finance and Banking Conference 2018
Number of pages: 40 Posted: 19 Jul 2018
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 267 (197,210)
Citation 2

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Board of directors, Spinoffs, Governance

29.

Corporate Cash Holdings

Number of pages: 49 Posted: 25 Apr 2023
David J. Denis and Lucy Wang
University of Pittsburgh and University of Cambridge - Cambridge Judge Business School
Downloads 244 (215,521)

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Cash holdings; Precautionary savings; Agency costs; Repatriation; External financing; Investmentma separated]

30.

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 235 (223,625)
Citation 3

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capital structure, taxes, investment

31.

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

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 228 (230,240)

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32.

CEO Compensation Changes Following Acquisitions

Number of pages: 51 Posted: 29 Jun 2022
Leonce Bargeron and David J. Denis
University of Kentucky - Gatton College of Business and Economics and University of Pittsburgh
Downloads 77 (530,752)

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CEO compensation, acquisitions

33.

Investment Opportunities and the Market Reaction to Equity Offerings

Posted: 12 May 2000
David J. Denis
University of Pittsburgh

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35.

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

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36.

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

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37.

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

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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

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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

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