Bank as Stewards (with Kristian Blickle and Parinitha Sastry) [Please email me for a copy of the draft]
Auto Finance in the Electric Vehicle Transition (with Elizabeth Klee and Chaehee Shin)
Roy Sorting: Climate and Status Quo Strategies (with Thomas Cauthorn, Samuel Drempetic, Andreas G.F. Hoepner, and Christian Klein)
When Cryptomining Comes to Town: High Electricity-Use Spillovers to the Local Economy (with Matteo Benetton and Giovanni Compiani)
The Economics of Net Zero Banking (with Parinitha Sastry) Prepared to be forthcoming 2025, Annual Review of Financial Economics
How Pervasive is Corporate Fraud? (with Alexander Dyck and Luigi Zingales)
Review of Accounting Studies, 2024, Vol. 29, pp 736–769 WSJ article covering this paper.
Outrage and Compensation in Public Pension Performance (with Alexander Dyck and Paulo Manoel)
Review of Financial Studies, 2022. Online appendix.
What Explains Differences in Finance Research Productivity During the Pandemic? (with Brad M. Barber, Wei Jiang, Manju Puri, Heather Tookes, and Ingrid M. Werner) Journal of Finance, 2021
Algorithmic Accountability: A Legal and Economic Framework (with Robert Bartlett, Richard Stanton, and Nancy Wallace) Berkeley Technology Law Journal, 2021
Impact Investing (with Brad Barber and Ayako Yasuda), Journal of Financial Economics, 2021, Vol. 139 (1): p. 162-185
Winner, Moskowitz Prize 2016
Consumer Lending Discrimination in the FinTech Era (with Robert Bartlett, Richard Stanton, and Nancy Wallace Journal of Financial Economics, 2022.
Winner, FMA-Wine Country Conference, Best Paper
Small Business Survival Capabilities and Policy Effectiveness: Evidence from Oakland [with Robert Bartlett]
Journal of Financial and Quantitative Analysis, Special Issue on COVID Research, Volume 56 / Issue 7 / 2021, pp. 2500-2544
Discrimination (with Karen Pence), Palgrave-MacMillan Handbook of Technological Finance, 2021
Asset Managers: Factor Investing and Performance (with Joseph Gerakos and Juhani Linnainmaa), Journal of Finance, 2021
Stock Returns over the FOMC Cycle (with Anna Cieslak and Annette Vissing-Jorgensen), Journal of Finance, 2019, Vol 74 (5), p. 2201-2248
Winner, Best Paper, Sonoran Finance Conference 2015
WSJ article covering this paper.
Executive Lawyers: Gatekeepers or Strategic Officers (with Wei Wang and Serena Wu), Journal of Law and Economics, 2016, Vol 59, p. 847-888
Winner, Best Paper, China International Conference in Finance 2015
Data on Executive Lawyers & General Counsel
Trickle-Down Consumption (with Marianne Bertrand), Review of Economics and Statistics, 2016, Vol. 98 (5), p. 863-879.
Economist article covering this paper. (Also see media tab)
Measuring Income Tax Evasion using Bank Credit: Evidence from Greece (with Nikolaos Artavanis and Margarita Tsoutsoura), Quarterly Journal of Economics, 2016, Vol. 131(2), p. 739-798.
Winner, WFA/WRDS Prize for Best Empirical Finance Paper 2013
Economist article covering this paper.
Peer-to-Peer Crowdfunding: Information and the Potential for Disruption in Consumer Lending?,
Annual Review of Financial Economics, 2015, Vol. 7, p. 463-482.
Compensation Rigging by Powerful CEOs: A Reply and Cross-Sectional Evidence (with Vikram Nanda and Amit Seru), Critical Finance Review, 2013, Vol. 3 (1).
Information Disclosure, Cognitive Biases and Payday Borrowing (with Marianne Bertrand), Journal of Finance, December 2011, 66(6), pp. 1865-1893. Lead Article.
Brattle Prize Winner for best paper in corporate finance in the Journal of Finance, 2012.
State of Texas implementation of disclosure rules with our design
Province of Ontario implementation of disclosure rules with our design
Payday Lenders: Heroes or Villains? Journal of Financial Economics, October 2011, 102(1), pp. 28-44.
Are Incentive Contracts Rigged by Powerful CEOs? (with Vikram Nanda and Amit Seru), Journal of Finance, October 2011, 66(5), pp. 1779-1821.
Data: Power Measures for Companies
Discussion of 'Financially Fragile Households' by A. Lusardi & P. Tufano, Brookings Papers on Economic Activity, Spring 2011
Who Blows the Whistle on Corporate Fraud? (with Alexander Dyck and Luigi Zingales), Journal of Finance, December 2010, 65(6), pp. 2213-2253.
See Section 922 of the Dodd-Frank Act for implementation of our main finding
concerning whistleblowing and money incentives here.
Data: Summaries of [Alleged] Corporate Fraud Cases and Cases & Dates
Are Elite Universities Losing Their Competitive Edge? (with E. Han Kim and Luigi Zingales), Journal of Financial Economics, September 2009, 93(3), pp. 353-381. Lead Article.
2nd Prize Winner of the Jensen Prize for the best paper in corporate finance
and organizations for the Journal of Financial Economics, 2009
Patriotism in Your Portfolio? (with Sophie Shive), Journal of Financial Markets, May 2010, 14(2), pp. 411-440
What do High-Interest Borrowers do with their Tax Rebates? (with Marianne Bertrand), American Economic Review Papers & Procedings, May 2009, 99(2), pp. 418-429
What Has Mattered To Economics Since 1970? (with E. Han Kim and Luigi Zingales) Journal of Economic Perspectives, 2006, Vol. 20(4), p. 189-202.
What Sustainability Skills do Corporations Value: Evidence from and for Management Hiring (with Katherine Baird)
The Leveraging of Silicon Valley (with Jesse Davis and Xinxin Wang).
Sovereign Wealth Fund Portfolios? (with Alexander Dyck)