Hi, welcome to my webpage! I am an Associate Professor of Finance at the University of Bristol Business School. I came to Bristol in 2014 following the completion of my PhD in Finance at Warwick Business School. My research lies in the areas of banking and corporate finance, with particular interests in bank competition and the role of regulation. I co-organize an annual Banking workshop along with my colleagues in the Banking group at our School.
e-mail: s.biswas (at) bristol.ac.uk
WORKING PAPERS:
Can information imprecision be valuable? The case of credit ratings with Kostas Koufopoulos and Anjan Thakor [pdf]
R&R JFI, WFA 2024, SFS Cavalcade 2023
Bank response to higher capital requirements under anticipated adverse selection with Kostas Koufopoulos and Songshan Li [pdf]
Non-bank lending and firm performance with Neslihan Ozkan and Junyang Yin [ssrn link]
R&R JBF
Efficient on-balance sheet financing: cross-subsidization across projects without long-term relationships with fund providers with Kostas Koufopoulos [pdf]
PUBLICATIONS:
Collateral and bank screening as complements: A spillover effect [pdf] [publisher's link]
Journal of Economic Theory, 2023
Asset trade, real investment and a tilting financial transaction tax with Tobias Dieler, Giacomo Calzolari and Fabio Castiglionesi [pdf] [publisher's link]
Management Science, 2023
Eliminating the tax shield through allowance for corporate equity: Cross-border credit supply effects with Balint Horvath and Wei Zhai [pdf] [publisher's link]
Journal of Money, Credit and Banking, 2022
Bank capital structure and regulation: Overcoming and embracing adverse selection with Kostas Koufopoulos [pdf] [publisher's link]
Journal of Financial Economics, 2022
Economic policy uncertainty and cross-border lending with Wei Zhai [pdf] [publisher's link]
Journal of Corporate Finance, 2021
Bank competition and financing efficiency under asymmetric information with Kostas Koufopoulos [pdf] [publisher's link]
Journal of Corporate Finance, 2020
Creditor rights and the market power-stability relationship in banking [pdf] [publisher's link]
Journal of Financial Stability, 2019
Contagion through common borrowers with Fabiana Gomez [pdf] [publisher's link]
Journal of Financial Stability, 2018
Who needs big banks? The real effects of bank size on outcomes of large US borrowers with Fabiana Gomez and Wei Zhai [pdf] [publisher's link]
Journal of Corporate Finance, 2017