I study how financial institutions and markets shape real economic behavior across a wide range of settings, including financial advisory markets, credit and bankruptcy systems, gender and misconduct, financial technology, and large-scale shocks such as natural disasters and pandemics. My work also draws on institutional variation in developing economies, particularly India, to examine how financial systems operate in different economic and regulatory environments.
A central focus of my research is uncovering the mechanisms that drive behavior and outcomes in firms, labor markets, and households. I combine institutional detail with novel data construction to bring empirical evidence to questions that are otherwise difficult to measure.
Current Research Highlights:
Evolution of Financial Advisory Markets with the Advent of Robo-Advisors
Published in Managerial Finance
Examines how the entry of robo-advisors reshapes financial advisory markets. Shows how technological innovation transforms intermediation and influences the behavior of traditional advisors.
Automation and High-Skill Labor Markets: Evidence from Robo-Advisors (with Matt Flynn)
Studies the labor market effects of robo-advisors on financial advisors. Finds that automation is complementary, driven by an expansion in demand for advisory services.
Misconduct and Dispute Resolution in Financial Advisory Markets (with Ivilina Popova)
Examines gender differences in financial misconduct cases across complaint and arbitration stages. Shows that disparities emerge primarily during formal dispute resolution rather than at the incidence stage.
Creditor Rights Protection: Law vs. Lending Capacity (with Matt Flynn & Anish Shankar Menon)
Analyzes how India’s Insolvency and Bankruptcy Code (IBC) affects credit access for distressed firms. Finds that lending increases through existing bank relationships without expanding access to new lenders, highlighting persistent informational frictions.
Banking Access and Crypto Participation: Evidence from India's Crypto Ban (with Matt Flynn & Anish Shankar Menon)
Examines whether limiting access to banking curbs retail crypto participation. Shows that debanking sharply reduces activity and shifts participation toward formal financial systems, with persistent effects after reversal.