Research Interests
Corporate Governance, Law and Finance, Corporate Sustainability, Blockchain and Decentralized Governance
Published/Accepted Papers
1. Passive Investors, Not Passive Owners (with Todd Gormley and Don Keim)
Journal of Financial Economics (2016)
Summary in Harvard Business Review
Marshall Blume Prize in Financial Research, Honorable Mention
IRRC Institute Research Award
2. Patent Trolls and Startup Employment (with Joan Farre-Mensa and Elena Simintzi)
Journal of Financial Economics (2019)
3. Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism (with Todd Gormley and Don Keim)
Review of Financial Studies (2019)
Presentation from NBER New Developments in Long-Term Asset Management Conference
4. The Limits of Limited Liability: Evidence from Industrial Pollution (with Pat Akey)
Journal of Finance (2021)
Brattle Group Prize, Distinguished Paper
Summary from Principles for Responsible Investment (PRI)
5. Control of Decentralized Autonomous Organizations (with Jillian Grennan)
AEA P&P (2023)
6. Identification Using Russell 1000/2000 Index Assignments: A Discussion of Methodologies (with Todd Gormley and Don Keim)
Critical Finance Review (2024)
7. Short Campaigns by Hedge Funds (with Slava Fos)
Review of Financial Studies (Forthcoming)
Active Working Papers
8. Decentralized Governance and Digital Asset Prices (with Jillian Grennan)
9. Environmental Externalities of Activism (with Pat Akey)
10. Do Carbon Markets Undermine Private Climate Initiatives? (with Pat Akey, Aymeric Bellon, and Johannes Klausmann)
Non-Active Papers
12. Pockets of Poverty: The Long-Term Effects of Redlining (with Jordan Nickerson)