About

I am an Associate Professor of Finance at the Pamplin College of Business at Virginia Tech. My research lies at the intersection of corporate finance, organizational economics, industrial organization, and healthcare. 

Research

Published papers

• The Effects of Going Public on Firm Performance and Strategy, with Borja Larrain, Gordon Phillips, and Francisco Urzua. Review of Financial Studies, 2025. 

• "How Do Foreign Labor Regulations Affect Firms’ Operating Strategies?" with Katie Moon. Journal of Financial and Quantitative Analysis, 2025

• ​"Funding Contagion through Common Owners​," with Borja Larrain and Francisco Urzua. Review of Corporate Finance Studies, 2025. 

• ​"Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs," with Borja Larrain, Peter Roosenboom and Francisco Urzúa.  Management Science, 2024. 

• ​"Profitability and leverage: Evidence from a quasi-natural experiment," with Davidson Heath. Management Science, 2022. 

• ​The Going Public Decision of Business Group firms, with Borja Larrain and Francisco Urzua. ​Journal of Corporate Finance, 2021. ​

• Capital Structure Under Collusion, with Paul Povel, Daniel Ferres and Gaizka Ormazabal. Journal of Financial Intermediation, 2021. ​

• Corporate Finance, Industrial Organization, and Organizational Economics, ​Journal of Corporate Finance, 2020. 

• The Effects of Losing Business Group Affiliation, with Borja Larrain and Francisco Urzua​. ​Review of Financial Studies, 2019. 

•  An Empirical Analysis of Self-Enforcement Mechanisms​, with Renata Kosova,  ​Management Science, 2018.  

•  Financing and New Product Decisions of Private and Publicly Traded Firms ​, with Gordon Phillips. Review of Financial Studies, 2017.  

•  An Experimental Analysis of Risk Shifting Behavior, with Pablo Hernandez and Paul Povel. Review of Corporate Finance Studies, 2017.

• Boom and Gloom, with Paul Povel, Renata Kosova and Praveen Kumar. ​Journal of Finance, 2016.  

• Bonding through Investments: Evidence from Franchising. ​Journal of Law, Economics & Organizations, 2015. 

• Getting to Know Each Other: The Role of Toeholds in Acquisitions, with Paul Povel.  ​Journal of Corporate Finance, 2014.

• How Do Firm Financial Conditions Affect Product Quality and Pricing?, with Gordon Phillips. ​Management Science, 2013. 

Working papers

• The Disruptive Effect of Failed Acquisition Attempts, with Borja Larrain and Augusto Orellana. R&R

• Control Without Ownership: Governance of Nonprofit Hospitals, with Katharina Lewellen and Gordon Phillips. R&R

• No Margins, No Mission: The Effects of Immigration on the Hospital Sector, with Katharina Lewellen and Jiadi Xu.