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Publications of Varouj A. Aivazian

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Forthcoming

  • Varouj A. Aivazian and Simiao Zhou, "Is Chapter 11 Efficient?", Financial Management, forthcoming.

2015

2013

2012

  • 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.

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

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 and Jeffrey Callen, "Core Theory and Uniformity in Accounting: Rationalizing the Accounting Rulemaker", Journal of Accounting and Public Policy 2 (4) (1983), 225–237.

1981

  • 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.