Research
Refereed Publications
10. "Measuring Bias in Consumer Lending," with W. Dobbie, A. Liberman, and V. Pathania. Review of Economic Studies, Forthcoming.
9. "High Cost Debt and Perceived Creditworthiness: Evidence from the U.K." with A. Liberman and V. Pathania, Journal of Financial Economics, forthcoming.
8. “Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit,” with A. Hertzberg and A. Liberman, Review of Financial Studies, Volume 31, Issue 9, September 2018, Pages 3532–3567. Previously circulated as: “Adverse Selection and Loan Maturity: Evidence from Consumer Credit”
7. “Cultural Proximity and Loan Outcomes," with R. Fisman and V. Vig. American Economic Review. 2017, 107(2), 457-492.
6. “Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios,” with V. Rappoport and E. Ravina. Management Science, 2017, 63(2), 279-297..
5. “Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data,” with V. Rappoport, P. Schnabl, and D. Wolfenzon. Review of Economic Studies, 2014, 82(1), 333-359.
(2014 Working Paper Version) (Online Appendix)
4. “The Effect of Financing Constraints on Risk,” with H. Lin., September 2011. Review of Finance, 17(1): 229-259.
3. “Public Information and Coordination: Evidence from a Credit Registry Expansion,” with A. Hertzberg and J. Liberti. Journal of Finance, 66(2): 379-412. April 2011. Brattle Award: Distinguished Paper.
(2010 Working Paper Version) (Online Appendix)
2. “Information and Incentives inside the Firm: Evidence from Loan Officer Rotation”, with A. Hertzberg and J. Liberti. Journal of Finance, 65(3): 795-828. June 2010. Brattle Award: First Prize.
(2009 Working Paper Version) (Online Appendix)
1. “Local Bank Financial Constraints and Firm Access to External Finance”, Journal of Finance, 63(5): 2161-2193, October 2008. Brattle Award: Distinguished Paper.
Working Papers
- "Deposit Withdrawals," with N. Artavanis, C. Robles-Garcia, A. Seru, and M. Tsoutsoura. Working paper out soon.
- “Loan Fire Sales,” with M. Benetton and S. Mayordomo. April 2020.
- “Bank Local Specialization,” with A. Duquerroy, C. Mazet-Sonilhac, and J. S. Mesonnier. June 2020.
- “How Sensitive is Entrepreneurial Investment to the Cost of Outside Equity? Evidence from an UK Tax Relief,” with Juanita Gonzalez-Uribe. April 2019. (Online Appendix)
- “Specialization in Bank Lending: Evidence from Exporting Firms,” with V. Rappoport and P. Schnabl. January 2020.
- “The Incentive Effect of Scores: Randomized Evidence from Credit Committees,” With A. Schoar, January 2016.
- “Delegated Monitoring of Fraud: The Role of Non-Contractual Incentives,” with H. Lin. August 2011. Charles River Associates Award: Best Paper on Corporate Finance 2010.