Assistant Professor of Finance, Fuqua School of Business, Duke University
Investment Decisions of Nonprofits: Evidence from Hospitals, [published version] with Katharina Lewellen and Anant Sundaram, Journal of Finance, Volume 70, Issue 4, pages 1583–1628, (August 2015).
House Prices, Collateral and Self-Employment, [published version] with Antoinette Schoar and Felipe Severino, Journal of Financial Economics, Volume 117, Issue 2, Pages 288–306 (August 2015). Featured in the NBER Digest.
Corporate Distress and Lobbying. Evidence from the Stimulus Act, [appendix], [published version] with Serdar Dinc, Journal of Financial Economics, Volume 114, Issue 2, Pages 256–272 (November 2014). Featured in the Harvard Law School Forum on Corporate Governance and Financial Regulation.
Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early-Payment Defaults, [published version], with Kris Gerardi and Paul Willen, Journal of Real Estate Finance and Economics, Volume 49, Issue 3, Pages 352-378 (October 2014).
Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization, [appendix], [published version], with Kris Gerardi and Paul Willen, Journal of Monetary Economics, Volume 60, Issue 7, Pages 835-853 (October 2013), Featured in The Economist, New York Times, Washington Post, The Boston Globe, The New Yorker, Bloomberg, BusinessWeek.com.
The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration, with Igor Cunha and Miguel Ferreira, October 2015
The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities, [appendix], with Scott Frame and Kris Gerardi, September 2015.
Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades, [appendix], with Miguel Ferreira, September 2015.
Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class, with Antoinette Schoar and Felipe Severino, June 2015
Loan Originations and Defaults in the Mortgage Crisis: Further Evidence, with Antoinette Schoar and Felipe Severino, June 2015
Firm Age, Investment Opportunities, and Job Creation, [appendix], with Song Ma and David Robinson, March 2015, Featured in the VOX blog. Best Paper Award at the 2014 Red Rock Conference
Credit Supply and House Prices: Evidence from Mortgage Market Segmentation, [appendix] with Antoinette Schoar and Felipe Severino, February 2014.
Work in Progress:
Do Investors Rely Only on Ratings? The Case of Mortgage-Backed Securities.