Research Interests
Financial intermediaries, investments, international finance, asset management, climate finance, emerging markets, and commodities.
Published and Accepted Papers
Pricing Poseidon: Extreme Weather Uncertainty and Firm Return Dynamics, 2025 (with Mathias S. Kruttli and Brigitte Roth Tran). Journal of Finance, 80(2), 783-832.
LTCM Redux? Hedge Fund Treasury Trading, Funding Fragility, and Risk Constraints, 2025 (with Mathias S. Kruttli, Phillip J. Monin, and Lubomir Petrasek). Journal of Financial Economics, 169, 104017.
Banking on Carbon: Corporate Lending and Cap-and-Trade Policy, 2024 (with Ivan T. Ivanov and Mathias S. Kruttli). Review of Financial Studies, 37(5), 1640-1684.
2022 ESSEC-Amundi Best ESG Paper Award, Commodity and Energy Markets Association.
Oxford Business Law Blog Post, Virtual Seminar on Climate Economics
The Life of the Counterparty: Shock Propagation in Hedge Fund-Prime Broker Credit Networks, 2022 (with Mathias S. Kruttli and Phillip J. Monin), Journal of Financial Economics, 146(3), 965-988.
Trade Credit and Cross-Country Predictable Firm Returns, 2015, (with Rui Albuquerque and Tarun Ramadorai), Journal of Financial Economics, 115(3), 592-613.
Working Papers
Financing and the Green Paradox, 2025 (with Rui Albuquerque, Mathias S. Kruttli, and Yiding Ma). NEW
Selected presentations: *AFA, *WFA, *EFA, HEC-McGill Winter Finance Conference
Two Centuries of U.S. Innovation and the Capital Channel: Evidence from Natural Disasters, 2025 (with Mathias S. Kruttli and Noah Stoffman). NEW
Selected presentations: *AFA, *SITE
Inflation Shock Propagation Along the Supply Chain: The Trade Credit Channel, 2025 (with Isha Agarwal). NEW
The Effects of the Volcker Rule on Corporate Bond Trading: Evidence from the Underwriting Exemption, 2021 (with Meraj Allahrakha, Jill Cetina, and Benjamin Munyan).
Selected presentations: WFA, NBER Summer Institute
What Makes Dealers Central? Market Dominance in Credit Interdealer Networks, 2020 (with Benjamin Munyan).
Selected presentations: FIRS, Chicago Financial Institutions Conference
Investor Concentration, Flows, and Cash Holdings: Evidence from Hedge Funds, 2019 (with Mathias S. Kruttli and Phillip J. Monin).
2018 Best Paper Award in Investments, Midwest Finance Association.