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Welcome to the webpage of Klaas Mulier

Klaas is Professor of Finance at KU Leuven but you also often find him in the National Bank of Belgium as a visiting researcher. He spent the academic year '21/'22 at HEC Paris as visiting professor. His research has been published in leading international journals like Management Science, the Review of Finance, and the Journal of Financial Intermediation, amongst others.

Klaas co-founded the Empirical Financial Intermediation (EFI) network  with Mike Mariathasan (KU Leuven) and Olivier De Jonghe (NBB, ECB, Tilburg Uni). The aim of the EFI network is to organize small workshops on empirical financial intermediation during which researchers receive ample time to present and receive feedback on their work in a friendly atmosphere. 

Recent publication in Management Science:  Bank Specialization and Zombie Lending 

Banks specialize in lending to certain industries. Such specialization gives banks an information advantage about firms in an industry which also makes them better at identifying zombie firms and makes them more informed about the negative impact that zombie firms exert on healthy firms in the industry. We show that specialized banks, as consequence, reduce lending to zombie firms faster than non-specialized banks.

His main areas of interest are:

• financial intermediation

• corporate finance