Working Papers

Why did U.S. banks invest in highly-rated securitization tranches? (with Taylor Nadauld and René M. Stulz)

Economic Nationalism in Mergers and Acquisitions (with Serdar Dinc)

(Revise and Resubmit, Journal of Finance)

Capital Allocation (with Stewart C. Myers and James A. Read, Jr.)

Incentive-based Regulation of Banks: An Interpretation of Basel II