Varouj A. Aivazian and Jeffrey Callen, "Some Fallacies in Corporate Finance: A Coaseian Perspective", Journal of Law, Finance and Accounting, forthcoming.
2023
Varouj A. Aivazian and Jeffrey Callen, "The Coase Theorem and The Empty Core: Inspecting the Entrails After Four Decades", International Review of Law and Economics 73 (73) (2023), 106–117.
2019
Varouj A. Aivazian and Jeffrey Callen, "The Coase Theorem and the Theory of the Core", in Encyclopedia of Law and Economics (edited by Alain Marciano and Giovanni Ramello), Springer, 2019, 1–5.
Varouj A. Aivazian, Mohammad Rahaman, Simiao Zhou, "Does Corporate Diversification Provide Insurance Against Economic Disruptions?", Journal of Business Research 100 (2019), 218–233.
2017
Varouj A. Aivazian, "The Coase Theorem and Core Theory", Man and the Economy 4 (2) (2017), 1–5.
Varouj A. Aivazian, Jeffrey Callen, David S. Gelb, "Unanticipated Growth, Tobin’s Q, and Leverage", in Bridging the GAAP: Recent advances in Accounting and Finance (edited by Itzhak Venezia and Zvi Wiener), World Scientific Publishers, Singapore, 2012, 241–281.
Varouj A. Aivazian and Simiao Zhou, "Is Chapter 11 Efficient?", Financial Management 41 (1) (2012), 229–253.
2009
Varouj A. Aivazian, Jeffrey Callen, Susan McCracken, "Experimental Tests of Core Theory and the Coase Theorem:Inefficiency and Cycling", Journal of Law and Economics 52 (November) (2009), 745–759.
2008
Varouj A. Aivazian and E. Santor, "Financial Constraints and Investment: Assessing the Impact of a World Bank Credit Program on Small and Medium Enterprises in Sri Lanka", Canadian Journal of Economics 41 (2) (2008), 475–500.
2006
Varouj A. Aivazian, Laurence Booth, S. Cleary, "Why some Firms Smooth Dividends and Others Do Not", Journal of Financial and Quantitative Analysis (2006)
2005
Varouj A. Aivazian, Laurence Booth, S. Cleary, "Dividend Policy and the Role of Contracting Environments", FSR Forum (2005), 13–20.
Varouj A. Aivazian, Ying Ge, J. Qiu, "Can Corporatization Improve the Performance of State-Owned Enterprises even without Privatization", Journal of Corporate Finance (2005), 791–808.
Varouj A. Aivazian, Ying Ge, J. Qiu, "Debt Maturity Structure and Firm Investment", Financial Management 34 (2005), 107–119.
Varouj A. Aivazian, Ying Ge, J. Qiu, "Manager Turnover and Corporate Governance: An Unusual Social Experiment", Journal of Banking and Finance (2005), 1459–1481.
Varouj A. Aivazian, J. Qiu, Ying Ge, "The Impact of Leverage on Firm Investment: Canadian Evidence", Journal of Corporate Finance 11 (1-2) (2005), 277–291.
2003
Varouj A. Aivazian, "The Core, Transaction Costs, and the Coase Theorem", Constitutional Political Economy (2003)
Varouj A. Aivazian, Laurence Booth, S. Cleary, "Dividend Policy and the Organization of Capital Markets", Journal of Multinational Financial Management 13 (2) (2003), 101–121.
Varouj A. Aivazian, Laurence Booth, S. Cleary, "Do Emerging Market Firms Follow Different Dividend Policies from U.S. Firms?", Journal of Financial Research (2003)
2001
Varouj A. Aivazian, Laurence Booth, V. Demirguc-Kunt, V. Maksimovic, "Capital Structures in Developing Countries", Journal of Finance 56 (2001), 87–130.
1998
Varouj A. Aivazian, "Microeconomic Elements of Financial Liberalization: Perspectives from Finance Theory", in Financial Reform in DevelopingCountries (edited by M. Fanelli and R. Medhora), MacMillan, London, 1998, 328–351.
Varouj A. Aivazian and Michael Berkowitz, "Asset Specificity, Ex-Post Production Flexibility, and Financial Structure", Journal of Accounting, Auditing, and Finance 13 (1) (1998), 1–20.
Varouj A. Aivazian, J.D. Han, Walid Hejazi, "How Much Does Finance Matter in East Asia?", in Fiscal Frameworks and Financial Systems in East Asia: How Much Do They Matter (edited by Wendy Dobson), University of Toronto Press, Toronto, 1998, 91–183.
1992
Varouj A. Aivazian and Michael Berkowitz, "Precommitment and Financial Structure: An Analysis of the Effect of Taxes", Economica 59 (1992), 93–106.
1990
Varouj A. Aivazian, I. Krinsky, C. Kwan, "Risk Versus Return in the Substitutability of Debt and Equity Securities", Journal of Monetary Economics (1990), 161–178.
1987
Varouj A. Aivazian, M.W.L. Chan, D.C. Mountain, "Economics of Scale Versus Technological Change in the Natural Gas Transmission Industry", Review of Economics and Statistics (1987), 556–561.
Varouj A. Aivazian, "Miller's Irrelevance Mechanism:A Note", Journal of Finance (1987), 169–180.
Varouj A. Aivazian and I Lipnowski, "The Coase Theorem and Coalitional Stability", Economica 54 (216) (1987), 517–520.
Varouj A. Aivazian and Stuart M. Turnbull, "Taxation and Capital Structure: A Selected Review", in The Impact of Taxation on Business Activity (edited by J. Mintz and D. Purvis), John Deutsch Institute, Queens University, 1987.
1986
Varouj A. Aivazian, I. Krinsky, C. Kwan, "International Exchange Risk and Asset Subsitutability", Journal of International Money and Finance 5 (1986), 449–466.
Varouj A. Aivazian, I. Krinsky, C. Kwan, "The Demand for Risky Financial Assets Held by the U.S. Household Sector", Quarterly Review of Economics and Business 26 (2) (1986), 47–65.
1985
Varouj A. Aivazian and Jeffrey Callen, "On Unanimity and Monopoly Power", Journal of Business Finance and Accounting 12 (1) (1985), 145–149.
1984
Varouj A. Aivazian, M. Penny, Michael Trebilcock, "The Law of Contract Modifications: The Uncertain Quest for a Benchmark of Enforceability", Osgoode Hall Law Journal 22 (2) (1984), 173–212.
1983
Varouj A. Aivazian, I. Krinsky, C. Kwan, "Mean-Variance Utility Functions and the Demand for Risky Assets: An Empirical Analysis Using Flexible Functional Forms", Journal of Financial and Quantitative Analysis (1983)
Varouj A. Aivazian, "Reorganization in Bankruptcy and the Issue of Strategic Risk", in Journal of Banking and Finance (edited by ), North-Holland Publishing Company, 1983, 119–133.
Varouj A. Aivazian, "Capacity Expansion in the U.S. Natural Gas Pipeline Industry", in Productivity Measurement in Regulated Industries (edited by Thomas Cowing and Rodney Stevenson), New York: Academic Press, New York, 1981.
Varouj A. Aivazian, "The Coase Theorem and The Empty Core", Journal of Law and Economics (1981), 175–181.
Varouj A. Aivazian, "The Unanimity Literature and the Security Market Line Criterion: The Additive Risk Case", Journal of Business Finance and Accounting (1981)
1980
Varouj A. Aivazian, "Corporate Leverage and Growth:The Game-Theoretic Issues", Journal of Financial Economics (1980), 379–399.
Varouj A. Aivazian, "Future Investment Opportunities and the Value of the Call Provision on a Bond: Comment", Journal of Finance (1980), 1051–1054.
Varouj A. Aivazian, "Uncertain Externalities, Liability Rules, and Resource Allocation: Comment", American Economic Review (1980), 1058–1059.
1979
Varouj A. Aivazian, "A Note on the Economics of Exhaustible Resourses", Canadian Journal of Economics (1979), 83–89.
Varouj A. Aivazian, "Investment, Market Structure, and the Cost of Capital", Journal of Finance (1979), 85–92.
1977
Varouj A. Aivazian, "The Demand for Assets Under Conditions of Risk: Comment", Journal of Finance XXXII (1977), 927–929.