Working Papers

"Financing Labor," 
joint with Effi Benmelech and Amit Seru

"Did the Community Reinvestment Act Lead to Risky Lending?" with Sumit Agarwal, Effi Benmelech, and Amit Seru

"The Agglomeration of Bankruptcy," joint with Effi Benmelech, Anna Milanez, and Vladimir Mukharlyamov

"The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis," joint with Raj Iyer and Richard Thakor 


Published Papers

"Investor Protection and the Coasian View"
joint with Daniel Nicolaievsky, Journal of Financial Economics, Vol. 84, 2007

Employee Sentiment and Stock Option Compensation"
joint with Dirk Jenter, Journal of Financial Economics, Vol. 84, 2007

"Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines"
joint with Effi Benmelech, Quarterly Journal of Economics, Vol. 123:4, 2008

"Investor Sentiment, Expectations, and Corporate Disclosure"
joint with Sugata Roychowdury, Journal of Accounting Research, Vol. 46, 2008

"Collateral Pricing
joint with Effi Benmelech, Journal of Financial Economics, Vol. 91, 2009

"Bankruptcy and the Collateral Channel"
joint with Effi Benmelech, The Journal of Finance, Vol. 66, 2011

"Vintage Capital and Creditor Protection"
joint with Effi Benmelech, Journal of Financial Economics, Vol. 99, 2011

"Negotiating with Labor under Financial Distress"
joint with Effi Benmelech and Ricardo Enriquez, Review of Corporate Finance Studies, 2012

"Credit Traps"
joint with Effi Benmelech, American Economic Review, 2012

"Credit Market Freezes"
joint with Effi Benmelech, 
NBER Macroeconomics Annual, Forthcoming