RESEARCH


Asset pricing with frictions; Financial institutions; Contract theory; Information economics.



WORKING PAPERS

Optimal Delegated Contracting
(with Qing Liu and Lucy White)   [coming soon]

Self-selection in Mutual Fund Strategies
(with Apoorva Javadekar)   [download PDF]

Institutional Investors, Heterogeneous Benchmarks and the Comovement of Asset Prices 
(with Idan Hodor)   [download PDF]
Revise and Resubmit Journal of Financial Economics

A Theory of Model 
Sophistication and Operational Risk
 
(with Suleyman Basak)   [download PDF]

Asset Management Contracts and Equilibrium Prices

(with Dimitri Vayanos and Paul Woolley)   [download PDF]
Revise and Resubmit American Economic Review
Previous version with linear contracts: [download PDF]
Best Paper Award in Asset Pricing, SFS Finance Cavalcade 2015
Press Coverage: The Economist | Financial Times | Businessweek

Systemic Risk Management
   
[download PDF]
Best Young Researcher Award, Multinational Finance Society 2013

Unintended Consequences of Post-Trade Transparency
  
[download PDF]


PUBLICATIONS IN REFEREED JOURNALS

Should Insider Trading be Prohibited when Share Repurchases are Allowed?
 
(with Giovanna Nicodano), Review of Finance 12(4), 2008, 735–765.   [download PDF]

Strategic Insider Trading with Imperfect Information: A Trading Volume Analysis
Rivista di Politica Economica XI-XII, 2004, 101–143.   [download PDF]


WORK IN PROGRESS

Information Diffusion and Equilibrium Prices with Fast Traders
 
(with Jerome Detemple and Marcel Rindisbacher)

The Indirect Cost of Active Fund Management
(with Yunjeen Kim and Gustavo Schwenkler)

Contingent Capital and Optimal Asset Choice