Working Papers


“Is Sell-Side Research More Valuable in Bad Times?” (with Roger Loh). 2013-19

“Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?” (with Craig Merrill B. Merrill, Taylor D Nadauld, and Shane M. Sherlund).

“Are Firms in ‘Boring’ Industries Worth Less?” (with Jia Chen and Kewei Hou). 2015-02

“Why Have the Returns to Acquisitions Become More Positive?” (with Sara B. Moeller and Frederik P. Schlingemann).

“Why Does Fast Loan Growth Predict Poor Performance for Banks?” (with Rüdiger Fahlenbrach and Robert Prilmeier). 2016-7

“Why Does Idiosyncratic Risk Increase with Market Risk?” (with Söhnke M. Bartram and Gregory Brown). 2016-13

“Why Does Capital no Longer Flow More to the Industries with the Best Growth Opportunities?” (with Dong Lee and Han Shin). 2016-15

“Has the Bond Market Really Become Less Liquid?” (with Mike Anderson).

“Corporate Deleveraging” (with Harry Deangelo and Andrei Goncalves) 2016-21

“Do Firms Issue More Equity When Markets Become More Liquid?” (with Rogier M. Hanselaar and Mathijs A. van Dijk ). 2016-24

“Are Larger Banks Valued More Highly?” (with Bernadette A. Minton and Alvaro G. Taboada) 2017-08

“Bank Sovereign Bond Holdings, Sovereign Shock Spillovers, and Moral Hazard during the European Crisis” (with Andrea Beltratti). 2017-15