David J. Denis

University of Pittsburgh

Roger Ahlbrandt Sr Chair in Finance

Katz Graduate School of Business

Pittsburgh, PA 15260

United States

  • University of Pittsburgh

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    • Tel: 412-648-1708
SCHOLARLY PAPERS

39

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400

CROSSREF CITATIONS

82

Scholarly Papers (39)

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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 6,620 (1,186)
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
Mukesh Bajaj, David J. Denis, Stephen P. Ferris and Atulya Sarin
LECG, LLC, University of Pittsburgh, University of Missouri at Columbia - Department of Finance and Santa Clara University - Department of Finance
Downloads 4,245 (2,564)
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 1,756 (11,252)
Citation 32

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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 1,655 (12,381)
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 1,587 (13,216)
Citation 19

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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 1,253 (19,064)
Citation 4

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Earnouts, contingent payments, acquisitions

7.

Financial Constraints, Investment, and the Value of Cash Holdings

Downloads 1,216 ( 19,895)

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 1,216 (19,550)
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 1,025 (25,629)
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 936 (29,248)
Citation 22

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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 839 (34,080)
Citation 7

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IPOs, analyst coverage, underwriters

11.

Is There a Dark Side to Incentive Compensation?

Downloads 833 ( 34,421)
Citation 14

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 833 (33,906)
Citation 14

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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

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 754 (39,435)
Citation 1

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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 728 (41,404)
Citation 16

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

14.

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 706 (43,130)
Citation 6

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Leverage, diversification, investment policy

15.

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 690 (44,486)
Citation 4

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

16.

Do Firms Manage Earnings to Meet Dividend Thresholds?

Downloads 672 ( 46,092)
Citation 5

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 672 (45,451)
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

17.

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 657 (47,520)
Citation 6

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

18.

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 577 (56,145)
Citation 2

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19.

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 474 (71,791)
Citation 13

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Cash Flow, Cash, Equity Issuance

20.

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 - Columbia
Downloads 466 (73,289)
Citation 36

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

21.

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 385 (91,745)
Citation 5

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insider trading restrictions, executive compensation, insider ownership

22.

Taxes and the Relative Valuation of S Corporations and C Corporations

Downloads 385 ( 91,745)

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 385 (90,968)
Citation 1

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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.

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 290 (125,452)
Citation 17

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

24.

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 242 (150,847)
Citation 11

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Board of directors, Spinoffs, Governance

25.

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 210 (172,737)

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26.

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 179 (199,659)
Citation 2

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Board of directors, Spinoffs, Governance

27.

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 168 (210,820)
Citation 4

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capital structure, taxes, investment

28.

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 163 (216,243)

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29.

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 94 (325,551)
Citation 2

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

30.

Is Managerial Myopia a Persistent Governance Problem?

Journal of Applied Corporate Finance, Vol. 31, Issue 3, pp. 74-80, 2019
Number of pages: 9 Posted: 27 May 2020
David J. Denis
University of Pittsburgh
Downloads 1 (757,379)
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31.

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 1 (757,379)
Citation 1
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32.

Managerial Incentives and Corporate Diversification Strategies

Journal of Applied Corporate Finance, Vol. 10, Issue 2, pp. 72-80, 1997
Number of pages: 11 Posted: 08 Feb 2019
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
Downloads 0 (775,401)
Citation 6
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33.

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 (775,401)
Citation 4
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capital structure, financial flexibility

34.

Investment Opportunities and the Market Reaction to Equity Offerings

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

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36.

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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37.

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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38.

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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39.

Performance Changes Following Top Management Dismissals

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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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