Research

Working Papers

• The Rise of Equity Lending: Implications for Stock Repurchases and Corporate Liquidity (with M. Campello and P. Saffi)

• Insecure Debt (with E. Perotti)

• Pro-Debtor Bias, Court Shopping, and Bankruptcy Outcomes (with K. Boudt, F. Lopez-de-Silanes, and S. Zhang)

• Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel (with E. Giambona. J. L. Peydro, and Ye Wang), R&R Journal of Money, Credit and Banking

• Predation by Stock Price Price Manipulation (with S. Rocha and P. Vaz), 3rd R&R Journal of Corporate Finance

• Short Selling and Product Market Competition (with S. Rocha and P. Vaz), R&R Journal of Banking and Finance

• Bank Power and Creditor Protection (with M. Ghitti and F. Lopez-de-Silanes)

• The Impact of Financial Regulation on Bank Risk and Performance: The Basel III Spillover Experiment (with K. Barbosa and A. Seingyai)

• Price Informativeness and Corporate Investment: A Model of Costly Manipulation and Share Repurchases (with M. Campello and P. Saffi), R&R Management Science

Papers Published or Accepted for Publication 

• Pay, Stay, or Delay? How to Settle a Run (with E. Perotti), Review of Financial Studies 37, 2024, 1368-1407.

• Capital Structure and Reversible Bargaining Tools: Evidence from Union-Sponsored Shareholder Proposals (with A. Di Giuli and A. Petit-Romec), Journal of Banking and Finance 149, 2023, 106780. 

• Do internal capital markets in business groups mitigate firms financial constraints? (with R. Kabbach-Castro and G. Kirch), Journal of Banking and Finance 143, 2022, 106573.

• Stiffing the Creditor: The effect of Asset Verifiability on Bankruptcy (with E. Giambona and F. Lopez-de-Silanes), Journal of Financial Intermediation 52, 2022, 100962.  

• Investment Risk, CDS Insurance, and Firm Financing (with M. Campello), European Economic Review 125, 2020, 103424.

• Renegotiation Frictions and Financial Distress Resolution: Evidence from CDS Spreads (with M. Campello and T. Ladika), Review of Finance 23, 2019, 513-556.

• Optimal Product Placement (with C. Hsu, S. Popov, and T. Sogo), Review of Industrial Organization 51, 2017, 127-145.

• The Effect of Age at School Entry on College Admission and Earnings: A Regression-Discontinuity Approach (with B. Sampaio, R. Ribas, and G. Sampaio), IZA Journal of Labor Economics 5:9, 2016.

• Credit Default Swaps and Risk-Shifting (with M. Campello), Economics Letters 117, 2012, 639-641.

• A model of Local Crime Displacement (with M. Viegas), International Review of Law and Economics 31, 2011, 30-36.