Publications

"Information Technology and Financial Services Competition," The Review of Financial Studies Fall 2003, Vol. 16, pp. 921-948, joint with Robert Marquez.

"Competition and Strategic Information Acquisition in Credit Markets,"  The Review of Financial Studies Fall 2006, Vol. 19, pp. 967-1000; joint with Robert Marquez.

"Credit Spread Determinants and Interlocking Contracts: A Study of the Ras Gas Project," The Journal of Financial Economics October 2007, Vol. 86, pp. 248-278; joint with Mansoor Dailami.

"Distance and Private Information in Lending" forthcoming The Review of Financial Studies; joint with Sumit Agarwal.

Working Papers

"Authority and Information," (2010) with Sumit Agarwal.

"The Real Effect of Foreign Banks," (2008), with Valentina Bruno.

"The Choice between Arm's-Length and Inside Debt," (2007) with Sumit Agarwal.

"Executive Compensation, Supervisory Incentives, and Banking Regulation" (2005), with Lemma Senbet.

"Governance Mechanisms and Corporate Disclosure" (2005), with Robert Marquez.

"Ownership and Control in Joint Ventures" (2005), with Ulrich Hege.

"Loan-Portfolio Quality and the Diffusion of Technological Innovation" (2003), with Robert Marquez.

"The Emerging Project-Bond Market: Covenant Provisions and Credit Spreads" (2003), with Mansoor Dailami; also published as World Bank Policy Research Working Paper 3095, July 2003. 

Current Work

"M&A as Real Options on Synergies," joint with Dirk Hackbarth, Illinois.

"Foreign-Bank Entry," joint with Valentina Bruno, American University.

"The Real Effect of Institutional Development" joint with Valentina Bruno, American University.

"Collateral," joint with Sumit Agarwal, Federal Reserve Bank of Chicago.

"Auctions with Search," with Thomas Gehrig, Freiburg University."Auctions with Search," with Thomas Gehrig, Freiburg University.