My research covers a broad range of topics in banking, corporate finance, real estate, and credit risk. My recent research work is mostly related to banking, real estate finance & mortgages, and incentives of government agencies. These papers analyze measurement and monitoring of risk in banks, causes and consequences of financial crisis, incentive issues in mortgage securitization markets, racial differences in real estate finance, and the effect of market pressure on bureaucracies' actions. Some of my earlier work has analyzed the effect of default risk on corporate financial policies, and equity returns. In addition, several of my papers focus on corporate financing decisions involving IPOs and SEOs. I analyze the determinants of these decisions, as well as their effects on security returns in financial markets.
Recent Research Themes: (i) Measurement, detection and monitoring of risk in banks; (ii) Race and Banking
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