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, 2023 (with Mathias S. Kruttli and Brigitte Roth Tran). Forthcoming, Journal of Finance.
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
LTCM Redux? Hedge Fund Treasury Trading, Funding Fragility, and Risk Constraints, 2024 (with Mathias S. Kruttli, Phillip J. Monin, and Lubomir Petrasek). R&R at the Journal of Financial Economics.
Selected presentations: NBER Summer Institute, Texas Finance Festival, Inquire Europe Autumn Seminar, Fixed Income and Financial Institutions Conference, IWH-FIN-FIRE Workshop on Challenges to Financial Stability, RiskLab/BoF/ESRB Conference on Systemic Risk Analytics.
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, NFA, Federal Reserve Board of Governors, CFTC, Annual Central Banking and Financial Reform Conference.
What Makes Dealers Central? Market Dominance in Credit Interdealer Networks, 2020 (with Benjamin Munyan).
Selected presentations: FIRS, Chicago Financial Institutions Conference, Annual Central Banking and Financial Reform Conference, Vanderbilt University, Cornell University, Finance Theory Group Summer School, Financial Management Association.
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.
Selected presentations: China International Conference on Finance, Midwest Finance Association Annual Meeting, Society for Industrial and Applied Mathematics Annual Meeting, Federal Reserve Board of Governors.