RESEARCH

RESEARCH OVERVIEW 

1. 1. Demand Surges and Intermediary Profits with Mark Garmaise and Jason Snyder  — Accepted at Strategy Science

   2. Collateral Damage: Low-Income Borrowers Depend on Income-Based Lending with Mark Garmaise and Adam Winegar — Journal of Financial and Quantitative Analysis, Published online 2025:1-30.

   3. Data and Welfare in Credit Markets with Constantine Yannelis, Anthony Zhang, and Fabian Nagel — Journal of Financial Economics, 2025, 174(104171)

   4. Dealer Financing in the Subprime Auto Market: Markups and Implicit Subsidies with Sam Kruger and Gonzalo Maturana — Management Science, 2025, 71(12): 9869-10753

   5. Non-pecuniary Benefits: Evidence from the Location of Private Company Sales with Adam Winegar — Review of Corporate Finance Studies, 2025, 14(3): 839–879

   6. Rise of the Machines: The Impact of Automated Underwriting with Hieu Nguyen and Amin Shams — Management Science, 2024, 71(2): 955-975

   7. Seller Debt in Acquisitions of Private Firms: A Security Design Approach with Thomas Noe and Ludovic Phalippou — Review of Financial Studies, 2024; 37(2): 507-548

   8. Product Sales Incentive Spillovers to the Lending Market: Evidence From Subprime Auto Loan Defaults with Lamar Pierce, Jason Snyder, and Hieu Nguyen — Management Science, 2024; 70(8): 5463-5480

   9. Spillover Effects of the Opioid Epidemic on Consumer Finance — Journal of Financial and Quantitative Analysis, 2023; 58(6): 2365-2386

   10. Resolving Information Asymmetry through Contractual Risk Sharing: The Case of Private Firm Acquisitions — Journal of Accounting Research, Journal of Accounting Research, 2020; 58(5): 1203-1248

1. Consequences of Unfunded Capital Commitments: Evidence from University Endowments with Reiner Braun and Ludovic Phalippou  — R&R at the Review of Finance

2. Role of Liquidity Constraints and Verification Costs in the Acquisition of Private Firms with Brian Cadman and Thomas Noe — R&R at The Accounting Review

3. The Intended and Unintended Consequences of Consumer Protection Laws: An Analysis of Wage Garnishment and Usury Limits in Auto Lending with Jennifer Brown — Presented at the 2019 Western Finance Association Annual Conference

4. Borrowers in the Shadows: The Promise and Pitfalls of Alternative Credit Data with Sam Kruger, Gonzalo Maturana, and Amin Shams  — Presented at the 2025 Western Finance Association (WFA)

5. Short-Term Lending and Usury Limits: Consumer Impact and Market Adaptation with Zack Liu, Ryan Voges, and Peter Wong — Presented at the 2025 Financial Intermediation Research Society (FIRS)

1. Valuing Private Equity Positions: Challenges, Methodologies, and Trends — Presented at Institute of Advanced Investment Management (IAIM) Conference 2025