”Political Corruption and Financial Statement Disaggregation Decisions: The Role of Corporate Culture” (with Thanh Dat Le and Julie Thuy-Dung Ngo), Accounting & Finance, Accepted July 2026.
“Technology and Happiness: The Association Between Online Budget Planner and Financial Satisfaction” (with Thanh-Dat Le and Quynh Nguyen), Review of Behavioral Finance, 17(1), 100-122, January 2025.
“Institutional Ownership Stability and Product Quality Failures” (with Thanh-Dat Le), International Journal of Managerial Finance, 20(4), 1021-1047, July 2024.
"Community Banks vs. Non-Community Banks: Where is the Advantage in Local Small Business Funding?” (with James R. Barth), Atlantic Economic Journal, 48(2), 161-174, July 2020.
Book chapter: “Housing Finance: Deposit Guarantees” (with James R. Barth and Harris Hollans), International Encyclopedia of Housing and Home, edited by Susan J. Smith, Elsevier, Accepted 08/2026.
Book chapter: “Financial Literacy and Use of Financial Services by US Households” (with James R. Barth, Valentina Hartarska, and Jitka Hilliard), Handbook of Microfinance, Financial Inclusion and Development, edited by Valentina Hartarska and Robert Cull, Edward Elgar Publishing, 2023.
Book chapter: “Deposit Insurance Schemes” (with James R. Barth and Jiayi Xu), The Encyclopedia of Finance, edited by Cheng-Few Lee and Alice C. Lee, Springer Nature Publishing, 2022.
”High Times, Lower Spreads: Marijuana Legalization and the Cost of Bank Loans” (with Thanh Dat Le and Julie Thuy-Dung Ngo).
Abstract: This study examines whether marijuana legalization can reduce firms’ cost of bank borrowing. Our findings demonstrate that the legalization of medical marijuana is associated with lower loan spreads, particularly for firms that are more dependent on labor. Overall, our results highlight the beneficial effects of marijuana legalization on corporate financing costs.
”The Unintended Cost of Free Speech: Anti-SLAPP Laws and Firms’ Cost of Bank Loans” (with Thanh Dat Le and Julie Thuy-Dung Ngo).
Abstract: Although prior studies document that the adoption of anti-SLAPP (Strategic Lawsuits Against Public Participation) can lower firms’ cost of equity, we provide evidence that these laws may increase the cost of bank loans among US firms. The effect is more pronounced when lenders bear greater downside risk—such as unsecured or short-maturity loans—and among firms that are especially susceptible to the revelation of negative information. Overall, the evidence supports the notion that banks place significant emphasis on reputational and downside risks arising from increased exposure to adverse information following anti-SLAPP enactments, often outweighing the potential benefits of improved transparency for firms’ governance and performance.
“Brick-and-Mortar or Digital? The Impact of Technology on Bank Branching and Financial Inclusion”.
Abstract: The decline in bank offices since 2009 raises concerns about reduced financial inclusion for local communities. However, banking technology, especially transactional digital banking, provides an alternative to brick-and-mortar offices. This study compares the rate of office growth between banks that invest heavily in financial technology and digital banking, and those that do not. Using data on FDIC-insured institutions from 2001 to 2019, I show that the increased use of technology has a negative impact on the growth rate of bank offices, especially after 2010. However, using the SimmonsLOCAL data from 2008 to 2019, I also find that office closures caused by the introduction of financial technology do not adversely affect local community access to banking services (i.e., financial inclusion) because people shift to online banking services.
“How Does Financial Literacy Affect the Choice and Use of Alternative Financial Firms and Services?” (with James R.Barth, Valentina Hartarska, and Jitka Hilliard).
Abstract: We examine the impact of financial literacy on the likelihood of households being banked only, underbanked, and unbanked. Moreover, we examine the relationship between household use and frequency of use of different alternative financial services, which is a relatively unexamined area of study. We rely on a survey conducted by the FINRA National Investor Education Foundation’s National Financial Capability Study and data from the Federal Deposit Insurance Corporation, National Credit Union Administration, Bureau of Labor Statistics, Consumer Federation of America, and American Community Survey. Importantly, our results indicate that financial literacy does matter for the type and use of banking and alternative financial firms by households.
“Do Banks Price Intangible Liabilities?” (with Thanh Dat Le and Julie Thuy-Dung Ngo).