Research

PUBLISHED & FORTHCOMING PAPERS:

1. Misconduct and Market Implications of Honest Advisors' Decisions (with Amir Shoham), Journal of Financial and Quantitative Analysis, Forthcoming

2. Managing Mental Accounts: Payment Cards and Consumption Expenditures (with Nick Roussanov), Review of Financial Studies, Vol. 37, Num. 8, 2024

Covered by: Why We're Spending So Much Money - Time Magazine

3. Does Local Competition and Firm Market Power Affect Investment Adviser Misconduct? (with Zaheer Khan, Amir Shoham and Shlomo Tarba), Journal of Corporate Finance, Vol. 66, 2021

WORKING PAPERS:

1. FOMO Economics: External Reference-Dependence and Risk-Taking in Household Portfolios (with Nick Roussanov and Liron Reiter)

Selected Presentations:  AFA 2026, Nordic Household Finance Summit, Penn Memory, Beliefs, and Choice Group, UNC, UT Austin, WU Vienna.

2. Bank Diversification and Lending Resiliency (with Itay Goldstein and Andrew MacKinlay)

Award: IFABS Oxford Conference Best Paper, 2021

Selected Presentations: AFA 2022, SFS Cavalcade 2022, FIRS 2022, MFA 2022, NFA 2022, Craig Holden Memorial Finance Conference, Fixed Income and Financial Institutions (FIFI) Conference 2021.

Covered by: https://www.thebanker.com/The-bright-side-of-bank-diversification-1692256870   
                    https://rodneywhitecenter.wharton.upenn.edu/newsletter/  

3. Open to All Comers: How Shifts in Supply of  Deposits Affect Banks (with Andrew MacKinlay)

Selected Presentations:  American University, Community Banking Research Conference, NFA 2024, OCC Bank Research Symposium, SGF Annual Meeting 2024, Temple University Fischer-Shain Center Research Conference, UW Foster Summer Conference. 

Covered by: https://lerner.udel.edu/seeing-opportunity/lerner-profs-discuss-fallout-of-banking-crisis/

4. Social Interaction Intensity and Investor Behavior (with David Hirshleifer, Yaron Levi and Liron Reiter)

Award: 18th International Behavioral Finance Conference Best Paper, 2025

Selected Presentations:  AFA 2026, MFA 2026, NFA 2025, Chapman University Finance Conference, INSEAD, Tulane University, University of Texas at Austin.

WORK IN PROGRESS:

1. Monetary Policy in the Age of Universal Banking (with Itay Goldstein and Andrew MacKinlay)

Selected Presentations: Steven Institute of Technology, Philly Fed, AFA 2025, Temple University,  NFA 2024, SFS Cavalcade 2024, MFA 2023, UT Dallas Finance Conference 2022, Monetary Policy in the Post-Pandemic Era, HEC Paris Conference on Banking in the Age of Challenges, CEMLA/Dallas Fed Financial Stability Workshop.

2. The Impact of National Culture of International Board Diversification (with Oded Shenkar and Amir Shoham)

3. Social Transmission of Attention and Habitat Investing (with David Hirshleifer, Yaron Levi and Liron Reiter)

4. Politically Polarized Household Borrowing (with Anand Goel)

PRACTITIONER PUBLICATIONS:

How to Evaluate Risk Management Units in Financial Institutions? (with Doron Greenberg and Mosi Rosenboim), Journal of Applied Corporate Finance, Vol. 30, 2018