Research Interests: Financial Institutions, Incentives
Curriculum Vitae
Papers:
- The Hazards of Debt: Rollover
Freezes, Incentives, and Bailouts [slides]
(with Konstantin Milbradt, MIT-Sloan)
- Review of Financial Studies, Forthcoming
- How should debt be structured to balance debt runs and risk-shifting?
Working Papers:
- Yesterday's Heroes: Compensation and Creative
Risk Taking (June 2011) [slides] [list of firms]
(with Harrison Hong
and Jose Scheinkman,
Princeton and NBER)
- High risk-taking, high compensation and investor preferences go hand in hand.
- NBER WP #16176, European Corporate Governance Institute WP #285
- 2011 Standard Life Investments ECGI Best Finance Working Paper Prize
- Corporate Governance Spillovers (April 2011)
- Accounting fraud is linked to poor corporate governance at competitors.
- Do Managers Do Good With Other People's Money? (February 2012)
(with Harrison Hong and Kelly Shue, Princeton and University of Chicago)
- Is corporate social responsibility symptomatic of agency?
- Risk Convection in Commodity Futures Markets (February 2012)
(with Wei Xiong and Andrei Kirilenko)
- Who bears risk in commodity futures markets?
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