WORKING PAPERS

"Collateral Reallocation"

  • with Jason Roderick Donaldson (Washington University) and Giorgia Piacentino (Columbia Business School)

“Response to Bernhardt, Koufopoulos and Trigilia's 'Is There a Paradox of Pledegability?'"

  • with Jason Roderick Donaldson (Washington University) and Giorgia Piacentino (Columbia Business School)

“Financial Restructuring and the Resolution of Banks”

  • with Jean-Edouard Colliard (HEC Paris)

“Conflicting Priorities: A Theory of Covenants and Collateral”

  • with Jason Roderick Donaldson (Washington University) and Giorgia Piacentino (Columbia Business School)

“Financially Constrained Arbitrage and Cross-market Contagion”

  • with Dimitri Vayanos (LSE)

“Liquidity Dry-ups: A Framework and Policy Implications”

  • with Dimitri Vayanos (LSE)

“The Dynamics of Delegated Expertise”

  • with David Martimort (PSE and EHESS)

“Entrepreneurship in Equilibrium”

  • with David Scharfstein (HBS)

“Debt Design, Liquidation Value and Monitoring”

  • with Mike Burkart (LSE) and Fausto Panunzi (U. Bocconi)

“Renegotiation in Debt Contracts”

“Is One Share - One Vote Optimal?”


PUBLICATIONS

“Large Shareholders, Monitoring and the Value of the Firm”

  • with Mike Burkart (LSE) and Fausto Panunzi (U. Bocconi), Quarterly Journal of Economics (1997)

“Selection in Dynamic Entry Games”

  • with Jean-Pierre Ponssard (Ecole Polytechnique) and David Sevy, Games and Economic Behavior (1997)

“Why Higher Takeover Premia Protect Minority Shareholders”

  • with Mike Burkart (LSE) and Fausto Panunzi (U. Bocconi), Journal of Political Economy (1998)

“On the Strength of Corporate Cultures”

  • with Juan Carrillo (USC), European Economic Review (1999)

“Agency Conflicts in Public and Negotiated Transfers of Corporate Control”

  • with Mike Burkart (LSE) and Fausto Panunzi (U. Bocconi), Journal of Finance (2000)

“Equilibrium and Welfare in Markets with Constrained Arbitrageurs”

  • with Dimitri Vayanos (LSE), Journal of Financial Economics (2002)

“Public Trading and Private Incentives”

  • with Antoine Faure-Grimaud (LSE), Review of Financial Studies (2004)

“Minority Blocks and Takeover Premia”

  • with Mike Burkart and Fausto Panunzi (U. Bocconi), Journal of Institutional and Theoretical Economics (2006)

“Culture in Organizations: Inertia and Uniformity”

  • with Juan Carrillo (USC), Journal of Law, Economics and Organizations (2006)

“Collusion and the Organization of Delegated Expertise”

  • with David Martimort (PSE and EHESS), Journal of Economic Theory (2007)

“A Model of Financial Market Liquidity Based on Intermediary Capital”

  • with Dimitri Vayanos (LSE), Journal of the European Economic Association (2010)

“Limits of Arbitrage: The State of the Theory”

  • with Dimitri Vayanos (LSE), Annual Review of Financial Economics (2010)

“Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking”

  • with Viral Acharya and Tanju Yorulmazer, American Economic Journal: Macroeconomics (2012)

“Legal Investor Protection and Takeovers” + Online appendix

  • with Mike Burkart (LSE), Holger Mueller (NYU Stern) and Fausto Panunzi (U. Bocconi), Journal of Finance (2014)

“Arbitrage and Its Limits”

  • with Dimitri Vayanos (LSE), The Palgrave Encyclopedia of Strategic Management (2015)

“The Dynamics of Financially Constrained Arbitrage”

  • with Dimitri Vayanos (LSE), Journal of Finance (2018)

“Financing Capacity Investment Under Uncertainty: An Optimal Contracting Approach” + Online appendix

  • with Francis de Véricourt (ESMT), Manufacturing & Service Operations Management (2018)

“Financing Capacity with Stealing and Shirking” + Online appendix

  • with Francis de Véricourt (ESMT), Management Science (2019)

“The Paradox of Pledgeability”

  • with Jason Roderick Donaldson (Washington University) and Giorgia Piacentino (Columbia Business School), Journal of Financial Economics (2020)

“Controlling Sellers Who Provide Advice: Regulation and Competition”

  • with David Bardey (U. Los Andes), David Martimort (PSE and EHESS) and Jérôme Pouyet (PSE, ENS and CNRS), Journal of Industrial Economics (2020)