Erik Devos

University of Texas at El Paso - College of Business Administration - Department of Economics and Finance

Assistant Professor

500 W. University Ave.

El Paso, TX 79968

United States

http://utminers/utep.edu/hdevos

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 44,165

SSRN RANKINGS

Top 44,165

in Total Papers Downloads

2,389

TOTAL CITATIONS
Rank 18,433

SSRN RANKINGS

Top 18,433

in Total Papers Citations

37

Scholarly Papers (25)

1.

Are Interlocked Directors Effective Monitors?

Number of pages: 49 Posted: 17 Jan 2008
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, University of Vermont and University of Nevada, Las Vegas - Department of Finance
Downloads 385 (162,550)
Citation 4

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director interlocks, performance, board monitoring, social networks

2.
Downloads 353 (178,928)
Citation 11

Why Are Firms Unlevered?

Number of pages: 49 Posted: 25 Mar 2008 Last Revised: 04 Jan 2011
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, SUNY at Binghamton - School of Management, SUNY at Binghamton - School of Management and North Carolina State University - Poole College of Management
Downloads 353 (177,317)
Citation 11

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Why are Firms Unlevered?

Journal of Corporate Finance, Forthcoming
Posted: 13 Feb 2012
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, SUNY at Binghamton - School of Management, SUNY at Binghamton - School of Management and North Carolina State University - Poole College of Management

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leverage, managerial entrenchment, financing constraints

3.

Labor Unemployment Risk and Tax Aggressiveness

Number of pages: 30 Posted: 03 May 2013
Erik Devos and Shofiqur Rahman
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and University of Texas at El Paso
Downloads 290 (220,820)
Citation 1

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Unemployment risk, Compensating wage differentials, Unemployment insurance benefit, Tax aggressiveness

The Competitive Consequences of Size in Banking: Evidence from Megabank Mergers

Number of pages: 42 Posted: 24 Mar 2010 Last Revised: 04 Jan 2011
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, North Carolina State University - Poole College of Management and Louisiana State University
Downloads 173 (362,154)
Citation 1

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Mergers, Efficiency, Market Power, TBTF

The Competitive Consequences of Size in Banking: Evidence from Megabank Mergers

Number of pages: 42 Posted: 02 Jun 2010 Last Revised: 04 Jan 2011
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, North Carolina State University - Poole College of Management and Louisiana State University
Downloads 116 (504,399)
Citation 1

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Bank mergers, Efficiency gains, Market power

5.

Naked Short Selling and the Market Impact of Failures-to-Deliver: Evidence from the Trading of Real Estate Investment Trusts

Number of pages: 41 Posted: 19 Apr 2010 Last Revised: 24 Apr 2010
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, University of Memphis - Fogelman College of Business and Economics, The University of Sydney - Discipline of Finance and University of Texas at El Paso
Downloads 258 (248,766)
Citation 1

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Short Selling, Failures-to-deliver, Financial Crisis, Regulation, REITs, Naked Short Selling

6.

Debt Covenants and the Speed of Capital Structure Adjustment

Journal of Corporate Finance, Vol. 45, 2017
Number of pages: 51 Posted: 30 Nov 2017
Erik Devos, Shofiqur Rahman and Desmond Tsang
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, New Mexico State University and McGill University - Desautels Faculty of Management
Downloads 198 (321,144)
Citation 12

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Capital structure; Debt covenants; Speed of adjustment; Capital covenants; Performance covenants

7.

Commercial Real Estate Returns and Innovation

Journal of Real Estate Research, Forthcoming
Number of pages: 39 Posted: 18 Mar 2022 Last Revised: 04 Nov 2022
Xun Bian, Erik Devos and Zifeng Feng
University of North Texas, University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and The University of Texas at El Paso
Downloads 176 (357,329)

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Innovation, Patent, Commercial Real Estate, Return, NCREIF

8.

Women in C-suite: Does Top Management Team Gender Diversity Matter?. Evidence from Firm Investment Efficiency

International Review of Financial Analysis, volume 96, 2024[10.1016/j.irfa.2024.103571]
Number of pages: 42 Posted: 16 Apr 2024 Last Revised: 27 Oct 2024
Illinois State University, Kutztown University of Pennsylvania, University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and University of Central Arkansas
Downloads 111 (518,224)
Citation 4

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Investment efficiency; Female non-CEO executives; market competition; industry downturn; managerial ability.

9.

Labor Unemployment Insurance and Firm Cash Holdings

Journal of Corporate Finance, Vol. 49, 2018
Number of pages: 49 Posted: 14 Dec 2017 Last Revised: 01 Nov 2022
Erik Devos and Shofiqur Rahman
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and New Mexico State University
Downloads 84 (623,102)

Abstract:

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G32, J01, M54

10.

Location and Lease Intensity

Journal of Corporate Finance, Vol. 29, 2014
Number of pages: 46 Posted: 30 Nov 2017
Erik Devos and Shofiqur Rahman
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and New Mexico State University
Downloads 84 (623,102)
Citation 2

Abstract:

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Geographic location, Operating leases, Debt financing

11.

Does Competition Affect Labor Investment Efficiency?: International Evidence

Number of pages: 59 Posted: 26 Oct 2023 Last Revised: 20 Feb 2025
Erik Devos, Yoonsoo Nam and Adrian Tippit
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, Clemson University - Wilbur O. and Ann Powers College of Business - Department of Finance and University of South Dakota
Downloads 73 (674,100)

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JEL classification: G30, K21, M21, M51 labor investment, investment efficiency, competition, labor adjustment costs, corporate governance

12.

CEO Outside Directorship Experience and Investment Efficiency

Number of pages: 46 Posted: 16 Sep 2024
Illinois State University, University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and Illinois State University - Department of Finance, Insurance and Law
Downloads 48 (827,206)

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CEO Outside Directorships, Investment Efficiency, Boards of Directors, Busy Board

13.

Labor Unemployment Risk and Firm Risk

European Financial Management, Forthcoming
Number of pages: 38 Posted: 28 Oct 2022
Erik Devos and Shofiqur Rahman
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and New Mexico State University
Downloads 40 (892,838)

Abstract:

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Unemployment risk; Compensating wage differentials; Unemployment insurance benefit; Firm risk

14.

Are REIT Investors Overly Optimistic after Equity Offerings? Evidence from Analyst Forecast Errors

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 05 Nov 2019
Eastern Michigan University, University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, National University of Singapore (NUS) - Department of Real Estate and Hofstra University - Department of Finance

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REIT, Over-optimism, IPO, SEO, Analyst behavior

15.

Information Asymmetry and REIT Capital Market Access

Journal of Real Estate Finance and Economics, July 2019, Volume 59, Issue 1, pp 90–110
Posted: 14 Sep 2019 Last Revised: 18 Sep 2019
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, National University of Singapore (NUS) - Department of Real Estate and Hofstra University - Department of Finance

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REIT; Information Asymmetry; IPO; SEO; Bid-ask Spreads

16.

Chapter 8: Portfolio Managers

Financial Behavior: Players, Services, Products, and Markets. H. Kent Baker, Greg Filbeck, and Victor Ricciardi, editors, 135-152, New York, NY: Oxford University Press, 2017.
Posted: 06 Jun 2017
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, Hofstra University - Department of Finance and Independent

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behavioral finance, behavioural finance, portfolio managers, portfolio management, overconfidence, herd mentality, risk-taking behavior, disposition effect, gender differences

17.

Efficiency and Market Power Gains in Bank Megamergers: Evidence from Value Line Forecasts

Financial Management, Forthcoming
Posted: 21 May 2016 Last Revised: 22 Feb 2022
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, North Carolina State University - Poole College of Management and Louisiana State University

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Bank mergers; Efficiency gains; Market power; Too-Big-To-Fail

18.

The Propensity to Split and CEO Compensation

Posted: 04 May 2016
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, John Carroll University and North Carolina State University

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Stock Splits, Executive Compensation, Managerial Incentives

19.

The Role of Debt Covenants in the Investment Grade Bond Market - The REIT Experiment

Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016
Posted: 14 Apr 2016
Wisconsin School of Business, University of Wisconsin-Madison, University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, University of Texas at El Paso and McGill University - Desautels Faculty of Management

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Debt covenants; Investment grade bond; REIT

20.

Naked Short Selling and the Market Impact of Fails-to-Deliver: Evidence from the Trading of Real Estate Investment Trusts

Journal of Real Estate Finance and Economics, Vol. 49, No. 4, 2014
Posted: 17 Oct 2014
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, University of Memphis - Fogelman College of Business and Economics, The University of Sydney - Discipline of Finance and University of Texas at El Paso

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Short selling; Fails-to-deliver; Financial crisis; Regulation; REITs

21.

REIT Institutional Ownership Dynamics and the Financial Crisis

Journal of Real Estate Finance and Economics, Vol. 47, No. 2, 2013
Posted: 22 Aug 2013
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, National University of Singapore (NUS) - Department of Real Estate, Hofstra University - Department of Finance and McGill University - Desautels Faculty of Management

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REITs, Institutional ownership, Financial crisis

Elective Stock Dividends and REITs: Evidence from the Financial Crisis

46th Annual AREUEA Conference Paper
Posted: 29 Nov 2010
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, Hofstra University - Department of Finance and McGill University - Desautels Faculty of Management

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Elective Stock Dividends and REITs: Evidence from the Financial Crisis

Real Estate Economics, Forthcoming
Posted: 07 Aug 2012
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, Hofstra University - Department of Finance and McGill University - Desautels Faculty of Management

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REITs, Dividend Policy, Stock Dividends, Financial Crisis

23.

How Do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations For Synergies

The Review of Financial Studies, Vol. 22, Issue 3, pp. 1179-1211, 2009
Posted: 17 Mar 2009
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, University of Texas at San Antonio - Department of Finance and North Carolina State University - Poole College of Management

Abstract:

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G1, G34, L2

24.

Analyst Activity and Firm Value: Evidence from the REIT Sector

Journal of Real Estate Finance and Economics, Vol. 35, No. 3, 2007
Posted: 26 Aug 2007
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, National University of Singapore (NUS) - Department of Real Estate and Hofstra University - Department of Finance

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REIT, analyst forecasts

25.

How Do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations for Synergies

Review of Financial Studies, Forthcoming
Posted: 20 Aug 2007
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, University of Texas at San Antonio - Department of Finance and North Carolina State University - Poole College of Management

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mergers and acquisitions, sources of synergies, diversification

Other Papers (2)

Total Downloads: 183
1.

Are CEOs Incentivized to Split Their Stocks?

Number of pages: 46 Posted: 16 Mar 2010
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, John Carroll University and North Carolina State University
Downloads 130

Abstract:

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Stock Splits, Executive Compensation, Managerial Incentives

Top-Up Options and Tender Offers

Number of pages: 59 Posted: 10 Jun 2014
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, John Carroll University and University of Texas at El Paso - College of Business Administration - Department of Economics and Finance
Downloads 39

Abstract:

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tender offers, top-up options, mergers, M&A

Top-Up Options and Tender Offers

Number of pages: 59 Posted: 22 Jul 2014
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance, John Carroll University and University of Texas at El Paso - College of Business Administration - Department of Economics and Finance
Downloads 14

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