WORKING PAPERS

Gas, Guns, and Governments: Financial Costs of Anti-ESG Policies, with Dan Garrett
2023 Jacobs Levy Center Research Paper Prize for outstanding paper
2024 Financial Times Academic Research Award: Problem Solvers for the Planet
Media Coverage: Bloomberg News, LA Times, Responsible Investor, Forbes, Washington Post, The Bond Buyer, Houston Chronicle, Investment Executive, The Austin Chronicle, The Indicator from Planet Money, Bloomberg News, The Washington Post, Axios, Yahoo! Finance, Quartz, The Washington Post, The Dallas Morning News, Austin American Statesman, Energy Monitor, Facing South, The Wall Street Journal
Blogs: UN PRI, The Penn Gazette
Revise & Resubmit, Journal of Finance

Taxes Depress Corporate Borrowing: Evidence from Private Firms, with Luke Pettit and Toni Whited
Paul Van Arsdell Award for Best Paper in Corporate Finance (2021 Midwest Finance Association Meeting)
Revise & Resubmit, Review of Economic Studies

City Hall Has Been Hacked! The Financial Costs of Lax Cybersecurity, with Filippo Curti, Macro Macchiavelli, and Tom Zimmermann
Revise & Resubmit, Review of Financial Studies

The ‘Privatization’ of Municipal Debt, with Tom Zimmermann
Media Coverage: Bloomberg News
Revise & Resubmit, Journal of Public Economics

Limits of Disclosure Regulation in the Municipal Bond Market, with Tom Zimmermann and Nathan Heinrich
Media Coverage: Bloomberg Law, The Bond Buyer Jul. ‘21, The Bond Buyer Jan. ‘22, The Wall Street Journal
Revise & Resubmit, Management Science

Fighting Failure: The Persistent Real Effects of Resolving Distressed Banks, with Steve Karolyi
Replication Code

Publications

Banking on Carbon: Corporate Lending and Cap-and-Trade Policy, with Mathias Kruttli and Sumudu Watugala
Amundi-ESSEC Prize for Best Paper on ESG Investing (2022 Commodity & Energy Markets Association Meeting)
Forthcoming, Review of Financial Studies

Bank Supervision, Corporate Credit Supply, and Bank Monitoring, with James Wang
Forthcoming, Management Science

Strategic Responses to Supervisory Coverage: Evidence from a Natural Experiment, with Ben Ranish and James Wang
Journal of Money, Credit and Banking, 2023: 55(2-3), 503-530

Bank Lending Networks and the Propagation of Natural Disasters, with Marco Macchiavelli and Joao Santos
Financial Management, 2022: 51(3), 903-927

GSIB Surcharges and Bank Lending: Evidence from U.S. Corporate Loan Data, with Giovanni Favara and Marcelo Rezende
Journal of Financial Economics, 2021: 142(3), 1426-1443.

Weathering Cash Flow Shocks, with James Brown and Matthew Gustafson
Journal of Finance, 2021: 76(4), 1731-1772.

Bank Monitoring: Evidence from Syndicated Loans, with Matthew Gustafson and Ralf Meisenzahl
Journal of Financial Economics, 2021: 139(2), 452-477

Do Leveraged ETFs Really Amplify Late-day Returns and Volatility? with Stephen Lenkey
Journal of Financial Markets, 2018: 41, 36-56
Media mentions: the WSJ (2-08-2015), the Financial Times (1-04-2015), The CLS Blue Sky Blog

The Transformation of Banking: Tying Loan Interest Rates to Borrowers' CDS Spreads, with Joao A. C. Santos and Thu Vo Journal of Corporate Finance, 2016: 38, 150-165.
Media mentions: Bloomberg 2-10-2014

Financial Condition and Product Market Cooperation. with Matthew Gustafson and John Ritter
Journal of Corporate Finance, 2015: 31, 1-16.
Featured at the Harvard Law School Forum on Corporate Governance

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