Published Papers
Access to Public Capital Markets and Employment, with Alex Borisov and Merih Sevilir, Journal of Financial Economics, forthcoming.
Career Risk and Market Discipline in Asset Management, with Marco Pagano and Annalisa Scognamiglio, Review of Financial Studies, 2020, 33 (2), 783–828.
Corporate Leverage and Employee Protection in Bankruptcy, with Marco Pagano, Journal of Financial Economics, 2019, 133, 685-707.
Employment and Wage Insurance within Firms, with Marco Pagano and Fabiano Schivardi, Review of Financial Studies, 2018, 31(4), 1298-1340.
Do Financial Analysts Restrain Insiders’ Informational Advantage?, with Marios Panayides, Journal of Financial and Quantitative Analysis, 2018, 53(1), 203-241.
Transparency, Tax Pressure, and Access to Finance, with Tullio Jappelli, Marco Pagano, and Fausto Panunzi, Review of Finance, 2016, 20(1), 37-76.
The Role of Risk Management in Corporate Governance, Annual Review of Financial Economics, 2015, 7, 279-299.
Is Historical Cost a Panacea? Market Stress, Incentive Distortions and Gains Trading, with Chotibhak Jotikasthira, Christian Lundblad, and Yihui Wang, Journal of Finance, 2015, 70, 2489-2537.
Mark-to-Market Accounting and Systemic Risk in the Financial Sector, with Chotibhak Jotikasthira, Christian Lundblad and Yihui Wang, Economic Policy, 2014, 29 (78), 299-341.
Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies, with Vijay Yerramilli, Journal of Finance, 2013, 68 (5), 1757-1803.
Investor Horizons and the Amplification of Market Shocks, with Cristina Cella and Mariassunta Giannetti, Review of Financial Studies, 2013, 26 (7), 1607-1648. (Lead Article)
Regulatory Pressure and Fire Sales in the Corporate Bond Market, with Chotibhak Jotikasthira and Christian Lundblad, Journal of Financial Economics, 2011, 101 (3), 596-620.
Inheritance Law and Investment in Family Firms, with Marco Pagano and Fausto Panunzi, American Economic Review, 2010, 100 (5), 2414-2450.
Reputation Effects in Trading on the New York Stock Exchange, with Robert Battalio and Robert Jennings, Journal of Finance, 2007, 62 (3), 1243-1271.
Order Dynamics: Recent Evidence from the NYSE, with Craig Holden, Pankaj Jain, and Robert Jennings, Journal of Empirical Finance, 2007, 14, 636-661.
IPO Underpricing and After-market Liquidity, with Marco Pagano, Review of Financial Studies, 2006, 19 (2), 381-421.
Ripples Through Markets: Inter-market Impacts Generated by Large Trades, Journal of Financial Economics, 2006, 82 (1), 173-196.
Opening and Closing the Market: Evidence From the London Stock Exchange, with Hyun Shin and Ian Tonks, Journal of Financial and Quantitative Analysis, 2005, 40 (4), 779-801.