PUBLISHED AND ACCEPTED PAPERS
“Polluting Public Funds: The Effects of Environmental Regulations on Municipal Bonds” with Akshaya Jha and Nicholas Z. Muller. NBER Working Paper No. 28210. Download. Management Science, forthcoming.
“Are Short Selling Restrictions Effective?” with Yashar Barardehi, Andrew Bird, and Thomas G. Ruchti. Management Science, 2025. Download.
"Number Processing Constraints and Earnings News" with Thomas G. Ruchti and Phong Truong. Management Science, 2025. Download.
"Meeting Targets in Competitive Product Markets" with Emilio Bisetti. Journal of Finance, 2024. Download.
"Cross-Market Effects of Consolidation: Evidence from Banking" with Andrew Bird and Ding Du. Review of Corporate Finance Studies, 2024. Download.
"How Do Firms Respond to Uncertainty? Evidence from U.S. Gubernatorial Elections" with Andrew Bird and Thomas G. Ruchti. Journal of Accounting Research, 2023. Download.
"Energy Transitions and Household Finance: Evidence from U.S. Coal Mining" with Ding Du. Review of Corporate Finance Studies, 2022. Download.
"Short-termism Spillovers from the Financial Industry" with Andrew Bird, Aytekin Ertan, and Thomas G. Ruchti. Review of Financial Studies, 2022. Download.
"More is Less: Publicizing Information and Market Feedback" with Andrew Bird, Thomas G. Ruchti, and Phong Truong. Review of Finance, 2022. Download.
"Earnings Announcement Return Extrapolation" with Aytekin Ertan, Peter Kelly, and Robert Stoumbos. Review of Accounting Studies, 2022. Download.
“Lender Forbearance” with Andrew Bird, Aytekin Ertan, and Thomas G. Ruchti. Journal of Financial and Quantitative Analysis, 2021. Download.
"Understanding the Numbers Game" with Andrew Bird and Thomas G. Ruchti. Journal of Accounting and Economics, 2019. Download. Download code.
"Information Sharing, Hold-up, and External Finance: Evidence from Private Firms" with Andrew Bird and Thomas G. Ruchti. Review of Financial Studies, 2019. Download.
“Personal Lending Relationships”. Journal of Finance, 2018. Lead article. Download.
"Do Institutional Investors Demand Public Disclosure?” with Andrew Bird. Review of Financial Studies, 2016. Corrigendum, 2019. Download.
OTHER PUBLICATIONS
"Banks and Climate Risks" with Allen N. Berger and Hugh Kim. Asia-Pacific Journal of Financial Studies, 2025. Download.
"Global banking with a Latin American rhythm" with Allen N. Berger, Peter Karlstrom, Matias Ossandon Busch, Freddy Pinzon-Puerto, and Raluca A. Roman. Latin American Journal of Central Banking, 2025. Download.
WORKING PAPERS
"Does Sovereign Default Risk Explain Cryptocurrency Adoption? International Evidence from Mobile Apps" with Rashad Ahmed and Leili Pour Rostami. Download.
"Internal Loan Ratings, Supervision, and Procyclical Leverage" with Lewis Gaul, Jonathan Jones, and Pinar Uysal. Download.
“Banking through an Energy Transition” with Ding Du.
"Fighting Failure: The Persistent Real Effects of Resolving Distressed Banks" with Ivan T. Ivanov. Download.
“Deregulation, Market Structure, and the Evolution of U.S. Banking” with Emilio Bisetti and Stefan Lewellen. Download. Download deregulation data.
“Blocking the Credit Chain: Cryptocurrencies, Deposits, and Bank Loan Growth" with Allen N. Berger, Jerry Guo, and Leili Pour Rostami.
"The Value of Lending Relationships" with Andrew Bird, Michael Hertzel, and Thomas G. Ruchti. Download.
“The Credit Channel of Fiscal Policy Transmission” with Andrew Bird, Stefan Lewellen, and Thomas G. Ruchti. Download.
“Information, Financing, and Investment" with Andrew Bird, Aytekin Ertan, and Thomas G. Ruchti. Download.
“Same Risk-taking, Different Risks: Bank beta and Systemic Risk Exposure Across Crises” with Ding Du and Feng Li. Download.
“A Public Market Test of a Private Market Question: The Treatment of Relationship Lending Borrowers" with Allen N. Berger, Jerry Guo, and Leili Pour Rostami. Download.
“Does Context Matter for Information Transfer?" with Andrew Bird, Thomas G. Ruchti, and Phong Truong. Download.
“Par for the Course: Did the Bank Term Funding Program (BTFP) Support Financial Intermediation?" with Allen N. Berger and Raluca A. Roman. Download.
WORK-IN-PROGRESS
"Gambling for Capital" with Emilio Bisetti, Arthur Luo, and Ahyan Panjwani.