Laarni T. Bulan

Cornerstone Research

Senior Economist

Boston, MA

United States

SCHOLARLY PAPERS

15

DOWNLOADS
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SSRN RANKINGS

Top 7,320

in Total Papers Downloads

6,011

CITATIONS
Rank 5,674

SSRN RANKINGS

Top 5,674

in Total Papers Citations

98

Scholarly Papers (15)

Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

Journal of Urban Economics, Vol. 65, pp. 237-251, 2009
Number of pages: 44 Posted: 22 Jan 2003 Last Revised: 27 Jul 2011
Cornerstone Research, Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 1,261 (14,700)
Citation 20

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real options, real estate, uncertainty, investment

Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

NBER Working Paper No. w12486
Number of pages: 37 Posted: 29 Sep 2006 Last Revised: 15 Aug 2010
Cornerstone Research, Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 52 (383,048)

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Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

Journal of Urban Economics, Vol. 65, No. 3, pp. 237-51, 2009
Number of pages: 44 Posted: 26 Oct 2011
Cornerstone Research, Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 45 (408,098)

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Downloads 891 ( 25,267)
Citation 28

On the Timing of Dividend Initiations

Harvard Business School Negotiation, Organizations and Markets Unit, Research Paper Series, Forthcoming
Number of pages: 37 Posted: 04 Feb 2004
Laarni T. Bulan, Narayanan Subramanian and Lloyd Tanlu
Cornerstone Research, Cornerstone Research - Boston Office and Washington and Lee University
Downloads 492 (55,136)
Citation 31

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Dividend Initiations, Maturity Hypothesis, Dividend Premium

On the Timing of Dividend Initiations

Financial Management, Vol. 36, No. 4, pp. 31-65, Winter 2007
Number of pages: 50 Posted: 08 Feb 2007 Last Revised: 20 Nov 2009
Laarni T. Bulan, Narayanan Subramanian and Lloyd Tanlu
Cornerstone Research, Cornerstone Research - Boston Office and Washington and Lee University
Downloads 399 (71,390)

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Dividend Initiations, Maturity Hypothesis, Dividend Premium

3.

Tests of the Pecking Order Theory and the Firm Life Cycle

Number of pages: 36 Posted: 21 Feb 2009 Last Revised: 28 Apr 2009
Laarni T. Bulan and Zhipeng Yan
Cornerstone Research and New Jersey Institute of Technology
Downloads 616 (41,777)
Citation 8

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Life Cycle, Pecking Order, Financing, Capital Structure

4.

When are Dividend Omissions Good News?

Number of pages: 39 Posted: 03 Jul 2007
Laarni T. Bulan, Narayanan Subramanian and Lloyd Tanlu
Cornerstone Research, Cornerstone Research - Boston Office and Washington and Lee University
Downloads 534 (50,261)
Citation 3

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payout policy, dividend omissions, debt overhang

5.

Regulatory Risk, Market Risk and Capital Structure: Evidence from U.S. Electric Utilities

Number of pages: 40 Posted: 17 Aug 2005 Last Revised: 09 Nov 2008
Paroma Sanyal and Laarni T. Bulan
Brandeis University - Department of Economics and Cornerstone Research
Downloads 479 (57,719)
Citation 2

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Capital structure, leverage, deregulation, electric utilities

6.

A Closer Look at Dividend Omissions: Payout Policy, Investment and Financial Flexibility

Number of pages: 55 Posted: 31 Jan 2009
Laarni T. Bulan and Narayanan Subramanian
Cornerstone Research and Cornerstone Research - Boston Office
Downloads 461 (60,505)
Citation 1

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Payout Policy, Dividend Omission, Dividend Resumption, Debt Overhang, Financial Flexibility, Management Quality

7.

Firm Maturity and the Pecking Order Theory

Number of pages: 31 Posted: 13 Feb 2011
Laarni T. Bulan and Zhipeng Yan
Cornerstone Research and New Jersey Institute of Technology
Downloads 408 (70,193)
Citation 4

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Life Cycle, Pecking Order, Capital Structure

8.

Real Options, Irreversible Investment and Firm Uncertainty: New Evidence from U.S. Firms

Review of Financial Economics, Special Issue on Real Options,Vol.14, pp. 255-279, 2005
Number of pages: 45 Posted: 15 Sep 2005 Last Revised: 20 Nov 2009
Laarni T. Bulan
Cornerstone Research
Downloads 365 (79,907)
Citation 34

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Real Options, Irreversible Investment, Uncertainty

9.

A Few Bad Apples: An Analysis of CEO Performance Pay and Firm Productivity

Journal of Economics and Business, Forthcoming
Number of pages: 66 Posted: 27 May 2008 Last Revised: 28 Feb 2010
Laarni T. Bulan, Paroma Sanyal and Zhipeng Yan
Cornerstone Research, Brandeis University - Department of Economics and New Jersey Institute of Technology
Downloads 243 (124,186)
Citation 7

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CEO, Executive Compensation, Pay-Performance Sensitivity, Productivity

10.

Innovation, R&D and Managerial Compensation

Number of pages: 53 Posted: 09 Apr 2010
Paroma Sanyal and Laarni T. Bulan
Brandeis University - Department of Economics and Cornerstone Research
Downloads 227 (132,933)
Citation 3

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Patents, R&D, Incentive Alignment, Executive Compensation Contracts, Pay-Performance Sensitivity

11.

To Cut or Not to Cut a Dividend

Number of pages: 53 Posted: 20 Nov 2010
Laarni T. Bulan
Cornerstone Research
Downloads 189 (157,928)
Citation 4

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12.

Is There Room for Growth? Debt, Growth Opportunities and the Deregulation of U.S. Electric Utilities

Number of pages: 29 Posted: 07 Dec 2005 Last Revised: 23 Feb 2009
Laarni T. Bulan and Paroma Sanyal
Cornerstone Research and Brandeis University - Department of Economics
Downloads 149 (194,189)

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Capital Structure, Growth Opportunities, Deregulation, Electric Utility

13.

Incentivizing Managers to Build Innovative Firms

Number of pages: 24 Posted: 30 Sep 2010
Laarni T. Bulan and Paroma Sanyal
Cornerstone Research and Brandeis University - Department of Economics
Downloads 65 (338,302)

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Patents, Executive Compensation, Pay-for-Performance Sensitivity

14.

The Impact of Technical Defaults on Dividend Policy

Journal of Banking and Finance, Vol. 37, No. 3, 2013
Number of pages: 38 Posted: 15 Jan 2013 Last Revised: 02 Oct 2015
Laarni T. Bulan and Tyler Hull
Cornerstone Research and University of Massachusetts Boston
Downloads 26 (481,485)
Citation 3

Abstract:

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Dividend policy, Loan covenants, Technical default

15.

The Pecking Order Theory and the Firm's Life Cycle

Banking and Finance Letters, Vol. 1, No. 3, 2009
Posted: 25 Feb 2010 Last Revised: 19 Nov 2010
Laarni T. Bulan and Zhipeng Yan
Cornerstone Research and New Jersey Institute of Technology

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Life Cycle, Pecking Order, Financing