SELECTED WORKING PAPERS 

• Paid Sick Leave Mandates and Household Portfolio Choice (with Yibing Wang, Steven Ongena &Tarik Driouchi)

  • • Invited for Dual Submission to the Journal of Financial and Quantitative Analysis  

    • 2025 Vietnam International Conference in Finance Best Paper Award, sponsored by the Deposit Insurance of Vietnam 

• Biodiversity Risk and Small Business Lending (with Steven Ongena,  Shusen Qi, Vathunyoo Sila & Yibing Wang)

• Regulating Zombie Mortgages (with Jonathan Lee & Huyen Nguyen)

R&R, Review of Finance 

MAIN PUBLICATIONS

18. Corporate Hiring under Uncertainty (with Vathunyoo Sila)

Review of Corporate Finance Studies, forthcoming 

• • • Best Registered Report on "Politics and Corporate Power", Review of Corporate Finance Studies

17. Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending (with Ivan Lim, Linh Nguyen & John Wilson)

Journal of Money, Credit and Banking, 2025, 57(6), 1465-1508

• • • Coverage: The monthly magazine of the Association of MBAs

16. Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence From Securities Class Action Lawsuits (with Jonathan Brogaard,  Nhan Le, & Vathunyoo Sila) 

Journal of Financial and Quantitative Analysis,  2024, 59(4), 1726-1759

15. Regulatory Spillovers in Local Mortgage Markets (with Ivan Lim & Linh Nguyen)

Review of Corporate Finance Studies, 2024, 13(3), 775-817  

• Presented at the Public Company Accounting Oversight Board

• Semi-finalist, 2018 FMA Europe Best Paper Award

14. Lender Trust and Bank Loan Contracts (with Jens Hagendorff & Sonya Lim) 

Management Science, 2023, 69(3): 1758-1779

13. Climate Change Risk and the Cost of Mortgage Credit (with Steven Ongena, Shusen Qi & Vathunyoo Sila)  

       Review of Finance, 2022, 26(6): 1509-1549

• • • Policy impact: 

      1. United States Senate Committee on Banking, Housing, and Urban Affairs, quoted in letter to Jerome Powell, the Chair of the Board of Governors of the Federal Reserve System, as evidence that banks do price climate-related risk. 

      2. United Nations Environmental Programme Finance Initiative, quoted in Assessing Climate Transition Risk report, as evidence that banks are aware of the physical risks associated with climate change 

    • Coverage: Duke University FinReg Blog

12. The Walls Have Ears: Local Information Environments and Corporate Fraud (with Jens Hagendorff & Nhan Le)

       Journal of Money, Credit and Banking, 2022, 54(8): 2377-2410

11.   Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws (with Jens Hagendorff & Vathunyoo Sila)  

Journal of Corporate Finance, 2022, Volume 77, Article 102315

10.   Hometown Lending (with Ivan Lim)

       Journal of Financial and Quantitative Analysis, 2021, 56(8): 2894-2933

• • • Presented at Federal Reserve Bank of St Louis

9.   Government Connections and Credit Access Around the World: Evidence from Discouraged Borrowers (with  Shusen Qi) 

       Journal of International Business Studies, 2021,  52(2): 321-333

• • • Coverage: Business Money

8.   Does Shareholder Litigation Affect the Corporate Information Environment?  (with Nhan Le & Vathunyoo Sila) 

       Journal of Financial Markets, 2021, Volume 56, Article 100600

• • • Finalist, 2019 FMA Asia/Pacific Best Paper Award

7.   Does a CEO’s Cultural Heritage Affect Performance under Competitive Pressure? (with Jens Hagendorff & Arman Eshraghi) 

       Review of Financial Studies, 2018, 31(1): 97-141

• • • Coverage: Forbes, Harvard Business Review, Harvard Law School Forum, VoxEU, CEO Today 

    • Presented at Federal Reserve Bank of New York

6.   Can Bank Boards Prevent Misconduct? (with Jens Hagendorff & Arman Eshraghi)

       Review of Finance, 2016, 20(1): 1-36 (Lead article)

• • • Finalist, 2015 FMA European Best Paper Award

    • Coverage: VoxEU 

ADDITIONAL PUBLICATIONS

5.  Pastures Green: Corporate Investments in Green Skills and Toxic Chemical Releases (with Jens Hagendorff & Vathunyoo Sila)  

     British Journal of Management, 2025, 36(3): 1374-1389 

• • • Best Paper Award, 2024 Vietnam Symposium in Climate Transition

4.  Parental Death in Childhood and Stock Market Participation: Cross-cultural Insights (with Yibing Wang & Tarik Driouchi)  

     Journal of Economic Behavior & Organization, 2025, Volume 236, Article 107078

• • • Coverage: Trader 

3.  Earnings Expectations and the Quality of Financial Services (with Xiaomeng Shi & Mingzhu Wang)

     Journal of Accounting and Public Policy, 2023, Volume 42, Issue 4, Article 107115

2.   Does Corporate Culture Affect Bank Risk-taking? Evidence from Loan-level data (with Linh Nguyen & Vathunyoo Sila)

       British Journal of Management, 2019, 30(1): 106-133

• • • Coverage: LSE Business Review 

1.  Which Executive Characteristics Create Value in Banking? Evidence from Appointment Announcements (with  Jens Hagendorff & Arman Eshraghi)

      Corporate Governance: An International Review, 2015, 23(2): 112-28  

• • • Presented at Dutch Central Bank