Working Papers
Governance effort reallocation by institutional owners, with S. Garcia and A. Remesal
Institutional investors re-balance between internal and external monitoring mechanisms. As heightened short-selling threats improve external discipline and alleviate the need for direct monitoring, monitoring-prone institutional investors reallocate efforts to other portfolio firms.
Selected presentations: Financial Markets and Corporate Governance Conference (2022)*, FMA Europe (2022), KU Leuven (2022), Erasmus Corporate Governance Conference (2023)
Formerly entitled "Institutional investors and the governance spillovers of financial regulations: Evidence from a natural experiment"
*Presented by a coauthor
Peer-Reviewed Publications
Does Democracy Shape International Merger Activity?, with A.F. Ahmad, T. Lambert and A. Romec, Journal of International Economics, Forthcoming (Reproducibility certification)
Is Bank Misconduct Related to Social Capital? Evidence from U.S. Banks (2024), Journal of Banking and Finance
Climate shocks, institutional investors, and the information content of stock prices (2024), with I. Blanco and A. Remesal, Journal of Corporate Finance
External Governance and Capital Structure: Evidence from Media Coverage (2022), with A. Romec, Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad
Institutional Investor Distraction and Earnings Management (2021), with A. Garel, A. Romec and A. Scott, Journal of Corporate Finance
Stock Market Listing and the Persistence of Bank Performance Across Crises (2020), with A. Garel and A. Romec, Journal of Banking and Finance
Is Bank Capital Sensitive to a Tax Allowance on Marginal Equity? (2019), with C. Moussu, European Financial Management
Book Chapters
A Political Economy of the European Monetary Institutions and Reform Proposals (2017), in Financial Regulation in the EU: From Resilience to Growth, (pp. 9-42), Palgrave MacMillan.
Policy Work
European Comission Project COMP/2022/OP/0003 - Senior Expert (2023)
Study on the Impact of State Aid Rules for Banks in Difficulty