Publications

While tens of millions of Europeans have suffered from Russia’s war in Ukraine, a few Russian businesspeople have gotten richer from it. This column...

An organization is autonomous if it has the right or power of self-government. Self-government implies that autonomous organizations cannot rely on...

Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. This column argues that such drastic...

We investigate how timeliness in enforcing legal contracts affects economic growth across countries. We focus on judicial timeliness as a proxy for...

Russia’s invasion of Ukraine in early 2022 opened a new chapter in unilateral and multilateral sanctions: the imposition of financial and travel...

Annual Review of Financial Economics, 16, 115 - 151

Privately informed about firm fundamentals, corporate insiders detect activism-motivated trades better than other traders. This paper solves the model...

We review the literature on the effectiveness of public policies to facilitate firms’ access to finance. The rationale for such policies is to address...

A recent paper from the Net Zero Lawyers Alliance does little to resolve the underlying dilemmas for fiduciaries in relation to climate change.

Debt recycling is an aggressive equity extraction strategy that potentially permits faster repayment of a mortgage. While equity progressively builds...

Journal of International Money and Finance, 148, 103152

A burgeoning economics and political science literature studies the effects of economic sanctions on various aspects of economic and social life of...

Economics Letters, 242, 111889