Research

Read the Cornell Research Division's article on my research here.

Published and accepted papers

1. “Behavioral Consistency in Corporate Finance: CEO Personal and Corporate Leverage” (with H. Cronqvist and A. Makhija) 2012. Journal of Financial Economics, 103 (1), 20-40.

   • Winner of the Best Paper Award at the 2010 Mitsui Finance Symposium at the University of Michigan.

2. “No Place Like Home: Familiarity in Mutual Fund Manager Portfolio Choice” (with V.K. Pool and N. Stoffman) 2012. The Review of Financial Studies, 25 (8), 2563-2599.

3. “The People in Your Neighborhood: Social Interactions and Mutual Fund Portfolios” (with V.K. Pool and N. Stoffman) 2015. Journal of Finance, 70 (6), 2679-2732. 

   • Featured in the Wall Street Journal article "Fund Managers Who Live Together, Buy Stocks Together."

   • Featured in the LSE Business Review

4. “Key Human Capital” (with R. Israelsen) 2017. Journal of Financial and Quantitative Analysis, 52 (1), 175-214.

5. “Geography and the Market for CEOs” 2017. Management Science, 63 (3), 609-630.

   • Winner of the SAC Capital Award for Outstanding PhD student research 2010.

6. “Do Managers Give Hometown Labor an Edge?” 2017. The Review of Financial Studies, 30 (10), 3581-3604.

   • Featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation

7. “Board Diversity, Firm Risk, and Corporate Policies”(with V.  Bhagwat and G. Bernile) 2018. Journal of Financial Economics, 127(3), 588-612.

   • Featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation

8. “Trust Busting: The Effect of Fraud on Investor Behavior” (with U. Gurun and N. Stoffman) 2018. The Review of Financial Studies, 31(4), 1341-1376.

   • Winner of the "Wharton School-WRDS Award" for the best empirical finance paper at the 2016 Western Finance Association Annual Conference

   • Featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation

   • Winner of the Best Paper Award at the 2017 Ohio State Alumni Conference

9. “Do Shocks to Personal Wealth Affect Risk Taking in Delegated Portfolios?” (with V.K. Pool, N. Stoffman, and H. Zhang) 2019. The Review of Financial Studies 32(4), 1457–1493.  

10. “Hometown Biased Acquisitions” (with F. Jiang and Y. Qian) 2019. Journal of Financial and Quantitative Analysis, 54(5), 2017-2051.

11. "Friends with Bankruptcy Protection Benefits" (with K. Kleiner and N. Stoffman) 2021.  Journal of Financial Economics, 139(2), 578-605.

12. "Unlocking Clients: The importance of relationships in the financial advisory industry" (with U. Gurun and N. Stoffman) 2021. Journal of Financial Economics 141(3), 1218-1243.

Working papers

13. "Fear and Risk: Do Visceral Factors Affect Risk Taking?" (with V. Bogan).

14. "What Drives Racial Diversity on U.S. Corporate Boards?" (with V. Bogan and K. Potemkina)

    • Featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation

15.  "Not In My Backyard: Intrinsic Motivation and Corporate Pollution Abatement" (with A. Andrikogiannopoulou and A. Ventouri)

16. "Is There a Business Case for Racial Diversity on Corporate Boards?" (with A. Balogh)