Publications

1. The Dynamics of Loan Sales and Lender Incentives (with S. Gryglewicz and E. Morellec)

    Review of Financial Studies (forthcoming)

2. Dynamic Contracting with Intermediation: Operational, Governance, and Financial Engineering (with S. Gryglewicz)

    Journal of Finance (2023): 78:  2779-2836 

3. Financing Breakthroughs under Failure Risk 

    Journal of Financial Economics (2022), 144: 807-848

4. Optimal Financing with Tokens (with S. Gryglewicz and E. Morellec)

    Journal of Financial Economics (2021), 142: 1038-1067

5. Agency Conflicts and Short- Vs. Long-Termism in Corporate Policies (with S. Gryglewicz and E. Morellec)

     Journal of Financial Economics (2020), 163: 718-742 

Under Revision

6. A Theory of Cash Flow-Based Financing with Distress Resolution (w. B. Hartman-Glaser and K. Milbradt)

Review of Economic Studies, Revised and Resubmitted

New Papers

7. Private Debt versus Bank Debt in Corporate Borrowing (with Sharjil Haque and Irina Stefanescu)

8. Investor Activism and the Green Transition (with S. Gryglewicz and E. Morellec)

Working Papers

9. How Private Equity Fuels Non-Bank Lending (with S. Haque and Teng Wang)

10. Private Equity and Corporate Borrowing Constraints: Evidence from Loan Level Data (with S. Haque and YS Jang)

11. Data Union and Regulation in a Data Economy (with Will Cong)

12. The Coming Battle of Digital Currencies (with Will Cong)

13. Money Creation in Decentralized Finance: A Dynamic Model of Stablecoins and Crypto Shadow Banking (with Ye Li)

Review Papers

Capital Structure in Private Equity (with YS Jang)

Palgrave Encyclopedia of Private Equity (forthcoming)

Older and Subsumed Working Papers

PE for the Public: The Rise of SPACs (with S. Gryglewicz and B. Hartman-Glaser)

Token-Based Platforms and Speculators

Corporate Liquidity Management under Moral Hazard (with B. Hartman-Glaser and K. Milbradt)

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data (with Will Cong)