Assistant Professor of Finance, Fuqua School of Business, Duke University
Investment Decisions of Nonprofits: Evidence from Hospitals. [pdf] (with Katharina Lewellen and Anant Sundaram), Journal of Finance, forthcoming.
Corporate Distress and Lobbying. Evidence from the Stimulus Act. [pdf], [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. [pdf], [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. [pdf], [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.
Changes in Buyer Composition and the Expansion of Credit During the Boom. [pdf], (with Antoinette Schoar and Felipe Severino), January 2015
Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades. [pdf] (with Miguel Ferreira), October 2014.
Firm Age, Investment Opportunities, and Job Creation. [pdf], [data appendix], (with Song Ma and David Robinson), August 2014, Featured in the VOX blog. Best Paper Award at the 2014 Red Rock Conference
Work in Progress:
Do Investors Rely Only on Ratings? The Case of Mortgage-Backed Securities.