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 journals such as Management Science,
the Review of Financial Studies, the Journal of Financial
and Quantitative Analysis, the Review of Finance, 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 competition in non-financial industries [T/E], and 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.