@article{walker_yost_zhao_2016, title={Credibility and Multiple SEOs: What Happens When Firms Return to the Capital Market?}, volume={45}, ISSN={["1755-053X"]}, DOI={10.1111/fima.12099}, abstractNote={Using a sample of firms that conducted multiple seasoned equity offerings (SEOs) from 1995 to 2012, we examine whether firms can build credibility for subsequent SEOs by following through on their stated use of the proceeds from earlier SEOs. We find that firms that state their intention to invest these funds in projects and those that make no such statements, but do invest have relatively more positive announcement returns around subsequent SEO announcements. Our results suggest that the markets are aware of the potential agency costs of equity, have a long memory, and update their beliefs as to the likely use of funds raised by firms.}, number={3}, journal={FINANCIAL MANAGEMENT}, author={Walker, Mark D. and Yost, Keven and Zhao, Jing}, year={2016}, pages={675–703} }
 @article{wang_zhao_2015, title={Hedge funds and corporate innovation}, volume={44}, number={2}, journal={Financial Management}, author={Wang, Y. and Zhao, J.}, year={2015}, pages={353–385} }
 @article{danielsen_harrison_zhao_2014, title={It Makes a Village: Residential Relocation after Charter School Admission}, volume={42}, ISSN={["1540-6229"]}, DOI={10.1111/1540-6229.12074}, abstractNote={Although numerous studies investigate how student achievement is impacted by educational vouchers and charter schools, there appears to be no research on how these programs impact the surrounding environment. This study examines residential relocation of families whose children attend a charter school. We develop a conceptual model that predicts where relocating families are likely to move, given ex ante distance and direction to the school. The model is parameterized using data from student mailing address changes. We find that families are almost twice as likely to relocate toward the school as would be expected if the school did not exert any attraction. Moreover, although families are not required to live near the school, the child's school exerts a significantly stronger attraction than parent workplaces. This result may have important implications for mitigating urban sprawl, fostering urban renewal and promoting sustainable real estate development.}, number={4}, journal={REAL ESTATE ECONOMICS}, author={Danielsen, Bartley R. and Harrison, David M. and Zhao, Jing}, year={2014}, pages={1008–1041} }
 @article{zhao_2013, title={Entrenchment or incentive? CEO employment contracts and acquisition decisions}, volume={22}, journal={Journal of Corporate Finance (Amsterdam, Netherlands)}, author={Zhao, J.}, year={2013}, pages={124–152} }
 @article{zhao_zhao_franzen_2013, title={The Regulatory Implications of Hydroquinone for the Multifunctional Enzyme Dehaloperoxidase-Hemoglobin from Amphitrite ornata}, volume={117}, ISSN={["1520-6106"]}, DOI={10.1021/jp407663n}, abstractNote={Hydroquinone (H2Q) has been observed to compete with the oxidation of substrates 2,4,6-tribromophenol (2,4,6-TBP) and 2,4,6-trichlorophenol (2,4,6-TCP) catalyzed by the dehaloperoxidase-hemoglobin (DHP) from Amphitrite ornata in the presence of H2O2. This competition is observed as a lag phase during which H2Q is preferentially oxidized to 1,4-benzoquinone (1,4-BQ) while totally inhibiting either 2,4,6-TBP or 2,4,6-TCP oxidation. The inhibition by H2Q is distinct from that of the native competitive inhibitor 4-bromophenol (4-BP) since H2Q is itself oxidized and its product 1,4-BQ is not an inhibitor. Thus, once H2Q is completely consumed, the inhibition is removed, and normal substrate turnover is initiated, which explains the lag phase. To probe the mechanism of lag phase, the reactions between H2Q and DHP were both studied both in the presence and in the absence of H2O2. The reversible reactions between ferric/oxyferrous DHP A and H2Q/1,4-BQ are shown to involve a proton-coupled electron transfer (PCET) mechanism, where the distal histidine His(55) serves as the proton acceptor. The pKa of the distal histidine His(55) has been determined by resonance Raman spectroscopy in order to corroborate its involvement in this mechanism. Consistent with the proposed mechanism, kinetic assays have shown that H2Q serves as a substrate for DHP that follows the Michaelis-Menten kinetics. Unlike H2Q, the product 1,4-BQ has a relatively large Ki value and therefore has negligible inhibition. This study sheds light on understanding the difference between substrate and inhibitor binding sites and regulatory implication for the peroxidase and oxygen-transporter functions in DHP. It also provides information on PCET in DHP, which is important for resolving the switching between the ferric peroxidase catalytic function and the ferrous oxygen transport function.}, number={47}, journal={JOURNAL OF PHYSICAL CHEMISTRY B}, author={Zhao, Jing and Zhao, Junjie and Franzen, Stefan}, year={2013}, month={Nov}, pages={14615–14624} }