Research Interests

Asset pricing / Macro-finance / Corporate finance / Sovereign credit risk / Fintech

My research is at the juncture of asset pricing, corporate finance, and macro-finance. Current interests are oriented toward developing theoretical and empirical approaches to demonstrate how incorporating changes in macroeconomic conditions (also labeled long-run risk as opposed to the contemporaneous shocks of the CAPM-type of risk) can improve our understanding of issues in asset pricing and corporate finance (CV). 


Sovereign Risk Premia and Global Macroeconomic Conditions (2023), with S. Andrade and A. Jeanneret

Journal of Financial Economics, 147, 172-197.

Research Spotlight, UNSW Sydney

Working Papers

What Drives the Expected Return on a Stock: Short-Run or Long-Run Risk?, with C. Dorion and A. Jeanneret 

Governance Risk and the Cross-Section of Stock Returns

Provides theoretical and empirical evidence that corporate governance risk is priced in the cross-section

Are Cryptocurrencies Priced in the Cross-section? A portfolio Approach, with K. Assamoi and Z. Guo

Aims to develop an asset pricing framework with both macroeconomic and market factors for the pricing of cryptocurrencies.

Insights, University of Cambridge - Cambridge Endowment For Research in Finance

Works in Progress

Business Cycles, Competition, and Stock Returns

Business Cycles, Competition, and Stock Returns, with Hyacinthe Somé

Is Investing in the Cross-Section of Cryptocurrency Profitable?, with G. Akbari

Managerial commitment and long-term firm value

Agency conflicts and cost of equity 

Long-term economic outlook and equity prices 

Is debt financing by firms good for economic growth?

Are cryptocurrencies priced in the cross-section? A portfolio approach