Research



Refereed Publications

“Cultural Proximity and Loan Outcomes," with R. Fisman and V. Vig. American Economic Review. Forthcoming.

(2015 Working Paper Version)


“Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios,” with V. Rappoport and E. Ravina. Management Science, forthcoming.

(2015 Working Paper Version)


“Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data,” with V. Rappoport, P. Schnabl, and D. Wolfenzon. Review of Economic Studies,  2014, 82(1), 333-359.

(2014 Working Paper Version)    (Online Appendix)


“The Effect of Financing Constraints on Risk,” with H. Lin., September 2011. Review of Finance, 17(1): 229-259.

(RoF Advance Access)


“Public Information and Coordination: Evidence from a Credit Registry Expansion,” with A. Hertzberg and J. Liberti. Journal of Finance, 66(2): 379-412. April 2011. Brattle Award: Distinguished Paper.

(2010 Working Paper Version)    (Online Appendix)


“Information and Incentives inside the Firm: Evidence from Loan Officer Rotation”, with A. Hertzberg and J. Liberti. Journal of Finance, 65(3): 795-828. June 2010. Brattle Award: First Prize.

(2009 Working Paper Version)    (Online Appendix)


“Local Bank Financial Constraints and Firm Access to External Finance”, Journal of Finance, 63(5): 2161-2193, October 2008. Brattle Award: Distinguished Paper.

(2006 Working Paper Version)




  


Working Papers


“How Sensitive is Entrepreneurial Investment to the Cost of Outside Equity? Evidence from an UK Tax Relief,” with Juanita Gonzalez-Uribe. June 2016. Working paper coming soon.


"High Cost Debt and Borrower Reputation: Evidence from the U.K." with A. Liberman and V. Pathania. Working paper coming soon.


"Adverse Selection on Maturity: Evidence from On-Line Consumer Credit," with A. Hertzberg and A. Liberman.


“Specialization in Bank Lending,” with V. Rappoport and P. Schnabl. June 2016.


“The Incentive Effect of Scores: Randomized Evidence from Credit Committees,” With A. Schoar, January 2016.


“Delegated Monitoring of Fraud: The Role of Non-Contractual Incentives,” with H. Lin. August 2011. Charles River Associates Award: Best Paper on Corporate Finance 2010.