PUBLISHED AND ACCEPTED PAPERS

  1. "Short-termism Spillovers from the Financial Industry" with Andrew Bird, Aytekin Ertan, and Thomas G. Ruchti, Review of Financial Studies, accepted. SSRN.

  2. "More is Less: Publicizing Information and Market Feedback" with Andrew Bird, Thomas G. Ruchti, and Phong Truong. Review of Finance, forthcoming. SSRN.

  3. "Earnings Announcement Return Extrapolation" with Aytekin Ertan, Peter Kelly, and Robert Stoumbos. Review of Accounting Studies, forthcoming. SSRN.

  4. “Lender Forbearance” with Andrew Bird, Aytekin Ertan, and Thomas G. Ruchti. Journal of Financial and Quantitative Analysis, forthcoming. SSRN.

  5. "Understanding the Numbers Game" with Andrew Bird and Thomas G. Ruchti. Journal of Accounting and Economics 68(2-3). Download. Download code.

  6. "Information Sharing, Hold-up, and External Finance: Evidence from Private Firms" with Andrew Bird and Thomas G. Ruchti. Review of Financial Studies 32(8):3075-3104, 2019. Download.

  7. “Personal Lending Relationships”. Journal of Finance 73(1): 5-49, 2018. Lead article. Download.

  8. "Do Institutional Investors Demand Public Disclosure?” with Andrew Bird. Review of Financial Studies 29(12):3245-3277, 2016. Corrigendum, November 2019. Download.

WORKING PAPERS

  • "The Amplification of Credit Market Disruptions by Interbank Relationships" R&R, Journal of Financial and Quantitative Analysis. SSRN.

  • “How Do Firms Respond to Uncertainty? Evidence from U.S. Gubernatorial Elections” with Andrew Bird and Thomas G. Ruchti. R&R, Journal of Accounting Research. SSRN.

  • "The Expected Cost of Technical Default" with Aytekin Ertan, R&R, Journal of Accounting and Economics. SSRN.

  • "Strategic Disclosure Misclassification" with Andrew Bird and Paul Ma. R&R, Journal of Accounting and Economics. SSRN.

  • “The Blessing and Curse of Deregulation” with Emilio Bisetti and Stefan Lewellen. SSRN. Download deregulation data.

  • “Are Short Selling Restrictions Effective?” with Yashar Barardehi, Andrew Bird, and Thomas G. Ruchti. R&R, Management Science. SSRN.

  • “The Credit Channel of Fiscal Policy Transmission” with Andrew Bird, Stefan Lewellen, and Thomas G. Ruchti. Link.

  • “Information, Financing, and Investment" with Andrew Bird, Aytekin Ertan, and Thomas G. Ruchti. SSRN.

  • "Bias and the Efficacy of Stress Test Disclosures" with Andrew Bird and Thomas G. Ruchti. R&R, Management Science. SSRN.

  • "Regulating Information" with Andrew Bird and Thomas G. Ruchti. SSRN.

  • "The Information Quality Effect of Accruals-Based Benchmark Beating: Evidence from the CDS Market" with Aytekin Ertan and Kalin Kolev. R&R, Management Science. SSRN.

  • “Estimating the Cost of Control Rights in the Corporate Loan Market” with Andrew Bird and Thomas G. Ruchti.

  • “The Bank Entry Channel of Monetary Policy Transmission” with Emilio Bisetti and Stefan Lewellen. SSRN.

  • “Polluting Public Funds: The Effects of Environmental Regulations on Municipal Bonds” with Akshaya Jha and Nicholas Z. Muller. NBER Working Paper No. 28210. Link.

WORK-IN-PROGRESS

  • "The Value of Lending Relationships" with Andrew Bird, Michael Hertzel, and Thomas G. Ruchti.

  • "Meeting Benchmarks in Competitive Product Markets" with Emilio Bisetti.

PERMANENT WORKING PAPERS

  • "Governance and Taxes: Evidence from Regression Discontinuity" with Andrew Bird (CMU). Published in The Accounting Review 92 (1): 29-50, and retracted in January 2019. Please see our response.