Research
RESEARCH PUBLICATIONS
"Public Sector Unions and Municipal Debt"
(with Hae Mi Choi) [available upon request]
Global Finance Journal, 2024, forthcoming.
(with Hae Mi Choi)
Journal of Banking and Finance, 2022, forthcoming.
"Price Sensitivity of the Consumer-Investor: Evidence from Energy Prices and Mutual Fund Fees"
(with Hae Mi Choi)
Global Finance Journal, 2022, Vol. 51.
"When Is Money Smart? Mutual Fund Flows and Disposable Income"
Finance Research Letters, 2021, Vol. 39, 101609.
(with Ankur Pareek)
Financial Management, 2020, Vol. 49, 1083–1125.
Recognized as Top Cited Article 2020-21, Wiley.
Finalist for the 2013 Crowell Prize, PanAgora Asset Management.
(with Susan Chaplinsky)
Journal of Banking and Finance, 2016, Vol. 73, 38–54.
"Investing in the 'New Economy': Mutual Fund Performance and the Nature of the Firm"
Journal of Financial and Quantitative Analysis, 2014, Vol. 49, 165–191.
Excerpted in the CFA Digest, Vol. 44, December 2014.
"Geography, Informal Information Flows and Mutual Fund Portfolios"
(with Richard Fu)
Financial Management, 2014, Vol. 43, 181–214.
"When Active Fund Managers Deviate from their Peers: The Impact on Performance"
Journal of Banking and Finance, 2013, Vol. 37, 1286–1305.
"The Decline in Venture-backed IPOs: Implications for Capital Recovery
(with Susan Chaplinsky)
Handbook of Academic Research on IPOs, 2013, Edward Elgar Publishing.
"Mars-Venus Marriages: Culture and Cross-border M&A"
(with Rajesh Chakrabarti, Narayanan Jayaraman)
Journal of International Business Studies, 2008, Vol. 40, 216–236.
"Are there Real Effects of Licensing on Academic Research? A Life Cycle View"
(with Marie Thursby, Jerry Thursby)
Journal of Economic Behavior and Organization, 2007, Vol. 63, 577–598. NBER WP#11497
OTHER PUBLICATIONS
“Clarity, Climate and Principles: Aligning Social and Economic Value Through Finance”
Aspen Institute, Business & Society Program Blog, July 2022.
Crain’s Chicago Business, October 2021.
“Climate Action Is Too Big for ESG Mandates”
Stanford Social Innovation Review, September, 2020.
(Included in the Editorial Board's "2021 Guide to Climate Change Solutions")
WORKING PAPERS
"Heterogeneities in Asset Categorization: Implications for Value Creation in the Mutual Fund Industry"
[available upon request]
"Investor Sentiment, Fund Pricing, Performance, and Survival"
[available upon request]
"Does Limited Attention Matter in Security Analysis? Evidence from Analysts’ Reliance on Categories”
(with Hae Mi Choi)
"On the Implications of Mutual Fund Managers’ Reliance on Categories"