RESEARCH
RESEARCH INTERESTS
Corporate Finance, Entrepreneurial Finance, Labor and Finance, Credit Markets
PUBLISHED AND ACCEPTED PAPERS
Wrongful Discharge Laws and Innovation
with Viral Acharya and Krishnamurthy Subramanian
The Review of Financial Studies, 2014, 27(1): 301-346
Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing
with Henri Servaes and Ane Tamayo
The Journal of Finance, 2014, 69(5): 1961–2005
Labor Laws and Innovation
with Viral Acharya and Krishnamurthy Subramanian
The Journal of Law and Economics, 2013, 56(4): 997-1037
Non-rating Revenue and Conflicts of Interest
with Bo Becker
The Journal of Financial Economics, 2018, 127(1): 94-112
Harvard Law School Forum on Corporate Governance and Financial Regulation (link)VoxEU column (link)Money, Banking, and Financial Markets blog (link)Reputations and Credit Ratings: Evidence from Commercial Mortgage-backed Securities
with Bo Becker
The Journal of Financial Economics, 2020, 135(2): 425-444
Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress
with Rui Silva, Viktor Thell, and Vikrant Vig
The Journal of Finance, 2021, 76(6): 2907-2961
VoxEU column (link)Liability Structure and Risk-Taking: Evidence from the Money Market Fund Industry
with Mariassunta Giannetti and Ivika Jäger
The Journal of Financial and Quantitative Analysis, 2022, 57(5): 1771–1804
The FinReg Blog of the Duke Law Global Financial Markets Center (link)The Use of Credit Ratings in the Delegated Management of Fixed Income Assets
with Bo Becker and Stefan Pitschner
Management Science, 2024, 70(5): 3059-307
(previously circulated as "The Private Use of Credit Ratings: Evidence from Mutual Fund Investment Mandates" and "The Use of Credit Ratings in Financial Markets"Pro-Market blog (the blog of the Stigler Center at the University of Chicago Booth School of Business) entry (link)Oxford Business Law Blog (link)ECGI news post (link)Wall Street Journal article discussing key findings of the paper (link)Bloomberg column discussing key findings of the paper (link)Teams and Bankruptcy
with Rui Silva and Luofu Ye
The Review of Financial Studies, 2024, 37(9): 2855–2902
(previously circulated as "Bankruptcy, Team-specific Human Capital, and Productivity: Evidence from U.S. Inventors")ECGI news post (link)Oxford Business Law Blog (link)Harvard Law School Bankruptcy Roundtable (link)How do mergers affect the mental health of employees?
with Laurent Bach, Marieke Bos, and Rui Silva
Management Science, forthcoming
WORKING PAPERS
Are women more exposed to firm shocks? (pdf)
with Rui Silva and Margarida Soares
revise & resubmit at The Journal of Financial Economics
Business angels
with Laurent Bach, Per Strömberg, and Katarina Warg
The impact of IPOs on workers (pdf)
with Rui Silva and Margarida Soares