Research profile and representative publications
Here is a brief outline of my work in academic research, with pointers to a few representative projects. [T] points to a theory paper, [E] to an empirical analysis.
I have published in top finance journals, Management
Science and PNAS. Most of these publications
contribute to the literature on financial economics, but I
also have done some work in other fields, e.g., decision
theory [T].
In my core research, I analyze how the financial system
interacts with other parts of the economy. One example for
this is a paper analyzing "real" effects of financial distress
and its resolution on the operating performance of small firms
[E].
Other representative papers analyze the effects of financial
structure on price-setting and competition in non-financial
industries (e.g. [T/E]).
While most of my current research is empirical, I started out
as a theorist, analyzing the equilibrium in markets for bank
loans when banks anticipate that lending to a borrower can
reduce the profitability of loans granted to competitors of
this borrower [T].
A number of my past research projects focus on risks
associated with the weather and climate change. I use this
expertise to support a group of young researchers working on
the financial implications of climate change. For more
information about our research agenda, go to ISQD.