Working Papers

Risk-Adjusting the Returns to Private Debt Funds (with Thomas Flanagan and Michael Weisbach)

(Recent Media Coverage: Private Credit Offers No Extra Gains After Fees, New Study Finds, Bloomberg, 5 April 2024; Does private credit generate excess returns?, Financial Times, 9 April, 2024)

When Protectionism Kills Talent (with Mehmet Canayaz, Umit Gurun, and Yufeng Wu)

(Recent Media Coverage: NPR’s Marketplace, 23 May 2024; The global semiconductor talent crunch: How protectionism backfired, VOX EU, 23 Jul 2024; When Protectionism Kills Talent, Cato Institute, 31 July 2024)

Co-recipient of the CSEF-RCFS Finance, Labor and Inequality Conference Best Paper Award

Monetary Policy Transmission Through Online Banks (with Jack Liebersohn, Constantine Yannelis, and Samuel Earnest)

Specialized Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents (with Jan Bena, Daisy Wang, and Michael Weisbach), Revise and Submit, the Journal of Finance.

Paid Leave Pays Off: The Effects of Paid Family Leave on Firm Performance (with Benjamin Bennett, Léa Stern, and Zexi Wang)

(Featured in: Forbes; Grow the Pie Blog by Alex Edmans)

Public Sentiment Decomposition and Shareholder Actions (with Reena Aggarwal, Hoa Briscoe-Tran, and Laura Starks)

Influence of Public Opinion on Investor Voting and Proxy Advisors (with Reena Aggarwal and Laura Starks)