WORKING PAPERS
The Disruptive Effect of Failed Acquisition Attempts (with Augusto Orellana and Giorgo Sertsios).
WORKING PAPERS
The Disruptive Effect of Failed Acquisition Attempts (with Augusto Orellana and Giorgo Sertsios).
PUBLICATIONS
Pension Fund Flows, Exchange Rates, and Covered Interest Rate Parity (with Felipe Aldunate, Zhi Da, and Clemens Sialm) Journal of Financial Economics 170 (2025), article 104075.
The Effects of Going Public on Firm Profitability and Strategy (with Gordon Phillips, Giorgo Sertsios, and Francisco Urzua) Review of Financial Studies 38 (2025), pp. 2467-2514.
Funding Contagion through Common Owners (with Giorgo Sertsios and Francisco Urzua) Review of Corporate Finance Studies 14 (2025), pp. 608-648.
Ownership Networks and Labor Income (with Federico Huneeus, Mauricio Larrain, and Mounu Prem) Journal of Law, Economics, & Organization 41 (2025), pp. 264-293.
Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs (with Peter Roosenboom, Giorgo Sertsios, and Francisco Urzua) Management Science 70 (2024), pp. 4441-4463.
The Internal Labor Markets of Business Groups (with Federico Huneeus, Mauricio Larrain, and Mounu Prem) Journal of Corporate Finance 69 (2021), article 102017.
The Going Public Decision of Business Group Firms (with Giorgo Sertsios and Francisco Urzua) Journal of Corporate Finance 66 (2021), article 101819.
How Do Internal Capital Markets Work? Evidence from the Great Recession (with David Buchuk, Mounu Prem, and Francisco Urzua) Review of Finance 24 (2020), pp. 847-889.
The Effects of Losing a Business Group Affiliation (with Giorgo Sertsios and Francisco Urzua) Review of Financial Studies 32 (2019), pp. 3036-3074.
Destabilizing Financial Advice: Evidence from Pension Fund Reallocations (with Zhi Da, Clemens Sialm, and Jose Tessada) Review of Financial Studies 31 (2018), pp. 3720-3755.
Investor Protection and Corporate Control (with Matias Tapia and Francisco Urzua) Journal of Corporate Finance 47 (2017), pp. 174-190.
Asset Fire Sales in Equity Markets: Evidence from a Quasi-Natural Experiment (with Daniel Munoz and Jose Tessada) Journal of Financial Intermediation 30 (2017), pp. 71-85. [Appendix]
What Moves Investment Growth? (with Long Chen and Zhi Da) Journal of Money, Credit and Banking 48 (2016), pp. 1613-1653.
Do Business Groups Change with Market Development? (with Francisco Urzua) Journal of Economics & Management Strategy 25 (2016), pp. 750-784.
The Internal Capital Markets of Business Groups: Evidence from Intra-Group Loans (with David Buchuk, Francisco Muñoz, and Francisco Urzua) Journal of Financial Economics 112 (2014), pp. 190-212.
Controlling Shareholders and Market Timing in Share Issuance (with Francisco Urzua) Journal of Financial Economics 109 (2013), pp. 661-681.
Ownership Dynamics with Large Shareholders: An Empirical Analysis (with Marcelo Donelli, and Francisco Urzua) Journal of Financial and Quantitative Analysis 48 (2013), pp. 579-609.
Equity Issues and Return Volatility (with Felipe Varas) Review of Finance 17 (2013), p. 767-808.
CEO Compensation and Large Shareholders: Evidence from Emerging Markets (with Francisco Gallego) Journal of Comparative Economics 40 (2012), p. 621-642.
World Betas, Consumption Growth, and Financial Integration Journal of International Money and Finance 30 (2011), p. 999-1018. [Appendix]
Stock Market Development and Cross-Country Differences in Relative Prices Review of Economics and Statistics 92 (2010), p. 784-797. [Appendix]
Do IPOs Affect the Prices of Other Stocks? Evidence from Emerging Markets (with Matias Braun) Review of Financial Studies 22 (2009), p. 1505-1544.
Does Firm Value Move Too Much to be Justified by Subsequent Changes in Cash Flow? (with Motohiro Yogo) Journal of Financial Economics 87 (2008), p. 200-226. [Data]
Do Banks Affect the Level and Composition of Industrial Volatility? Journal of Finance 61 (2006), p. 1897-1925.
Finance and the Business Cycle: International, Inter-Industry Evidence (with Matias Braun) Journal of Finance 60 (2005), p. 1097-1128.