Assistant Professor of Finance, Fuqua School of Business, Duke University
House Prices, Collateral and Self-Employment. [pdf] (with Antoinette Schoar and Felipe Severino), Journal of Financial Economics, forthcoming.
Investment Decisions of Nonprofits: Evidence from Hospitals. [pdf] (with Katharina Lewellen and Anant Sundaram), Journal of Finance, forthcoming.
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.
Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early-Payment Defaults. [pdf] (with Kris Gerardi and Paul Willen), Journal of Real Estate Finance and Economics, forthcoming.
The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities. [pdf], (with Scott Frame and Kris Gerardi), March 2014.
Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades. [pdf] (with Miguel Ferreira), April 2014.
Work in Progress:
Do Investors Rely Only on Ratings? The Case of Mortgage-Backed Securities.