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Welcome to the webpage of Klaas Mulier

I am an Associate Professor of Finance at Ghent University. You can also often find me in the National Bank of Belgium as a visiting researcher.  I spent the academic year '21/'22 at the finance department of HEC Paris as visiting professor.


I co-organize the Empirical Financial Intermediation (EFI) network  with Mike Mariathasan (KU Leuven) and Olivier De Jonghe (NBB, 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. 


Accepted for publication:  Bank Specialization and Zombie Lending 

Banks gain expertise from specialization. This includes superior knowledge on zombie borrowers and their negative impact on healthy borrowers. We show that this induces specialized banks to reduce zombie lending. Moreover, this channel is stronger in industries that are more likely to suffer from zombie firms' presence and that have better growth opportunities. Finally, we find that this channel is weaker in industries where a potential default of a zombie borrower is more likely to trigger reductions in the collateral value of healthy borrowers.


My main areas of interest are:


I teach the following courses: