Assistant Professor of Finance 
Pamplin College of Business
Virginia Tech

Contact Information:

Phone: 540-231-9355
Office: Pamplin 3062

Mailing Address:

Department of Finance
Pamplin Hall 1016, 
Virginia Tech
880 West Campus Dr
Blacksburg, VA 24061

Research Interests

Capital Structure, Debt Structure, Financial Intermediation, Corporate Finance


Education

        Ph.D., Finance, The Wharton School, University of Pennsylvania, 2012
        M.A., Finance, The Wharton School, University of Pennsylvania, 2012
        B.A., Liberal Arts, St. John's College, Annapolis, MD, 2006

Previous Positions

    Assistant Professor of Finance, Cox School of Business, Southern Methodist University, 2012-2016

Publications

1. "Housing Price Booms and Crowding-Out Effects in Bank Lending" (with Indraneel Chakraborty and Itay Goldstein), Review of Financial Studies, vol. 31(7), pp. 2806-2853, July 2018  

Award: Marshall Blume Prize in Financial Research, First Prize, 2013

Presentations: 
2016: University of Colorado, Federal Reserve Board 
2015: International Monetary Fund*, George Washington University*, Boston Fed*, UT Austin*, Lehigh University, University of Alberta, University of Georgia, Virginia Tech
2014: Adam Smith Corporate Finance Conference (joint session with Asset Pricing), FIRS Conference, University of Melbourne, University of New South Wales, European Central Bank Conference on The Optimal Size of the Financial Sector*, Bank for International Settlements--First BIS Research Network Meeting on Banking and Asset Management*, Bank of Canada*, Central Bank of Chile--Financial Markets and Macroeconomic Fluctuations Workshop
2013: Southern Methodist University (Cox), SFS Finance Cavalcade, Rothschild Caesarea Center Conference, WFA Meetings*, NBER Summer Institute (joint session of Corporate Finance and Risks of Financial Institutions groups), EFA Meetings, Boston College (Carroll), FDIC Bank Research Conference*, University of Virginia (Darden)
Media Coverage: VOXThe EconomistFinancial Times 

Previously Titled: "Do Asset Price Booms have Negative Real Effects?"

Working Papers

2. "Monetary Stimulus and Bank Lending" (with Indraneel Chakraborty and Itay Goldstein) - Revise and Resubmit, Journal of Financial Economics

Award: Douglas D. Evanoff Best Paper Award (Chicago Financial Institutions Conference), 2016

 
Presentations:
  • 2017: Finance Down Under Conference, UC Irvine*, Cornell University*, University of Chicago*, 14th Annual Conference in Financial Economics Research by Eagle Labs at IDC, University of Gothenburg*, Lund University*, Barcelona GSE Summer Forum*, 7th Banco de Portugal Conference on Financial Intermediation, NBER SI (joint session of Corporate Finance and Financial Institutions groups)*, ECB Workshop on Non-Standard Monetary Policy Measures, Brandeis University*, University of Florida*
  • 2016: Jackson Hole Finance Group Conference, University of Miami, Chicago Financial Institutions Conference, International Conference on Soverign Bonds (NYU), SFS Finance Cavalcade, WFA Meetings, EFA Meetings, SIFR Conference, NFA Meetings, Universite Laval, Atlanta FRB/Georgia State University Conference
  • 2015: Southern Methodist University (Cox)

        Award: Financial Research Association Michael J. Barclay Award, 2012

        Presentations:
        • 2013: FIRS Conference
        • 2012: Rochester (Simon), University of Western Ontario (Ivey), Southern Methodist University (Cox), Rice (Jones), University of Oregon (Lundquist), Vanderbilt (Owen), Financial Research Association Conference
        • 2011: Wharton

        4. "The Underwriter Relationship and Corporate Debt Maturity" (with Indraneel Chakraborty)

        Presentations:
        • 2017: Virginia Tech

        5. "Bank Lending in Recessions: How is the Recent Recession Different?" (with Michael Roberts) 

        (* denotes presentation by co-author)

        Awards

        Douglas D. Evanoff Best Paper Award (Chicago Financial Institutions Conference), 2016
        Cox School of Business MBA Outstanding Teaching Award, 2013-2014 and 2014-2015
        Marshall Blume Prize in Financial Research, First Prize, 2013
        Financial Research Association Michael J. Barclay Award, 2012