Published Papers

Investor Horizons and the Amplification of Market Shocks, 2013, with Cristina Cella and Mariassunta Giannetti, Review of Financial Studies, forthcoming. [Link to Paper]

Stronger Risk Controls, 2012, Lower Risk: Evidence from U.S. Bank Holding Companies, with Vijay Yerramilli, Journal of Finance, forthcoming. [Link to Paper]

Regulatory Pressure and Fire Sales in the Corporate Bond Market, 2011, with Chotibhak Jotikasthira and Christian Lundblad, Journal of Financial Economics, 101 (3), 596-620. [Link to Paper]

Inheritance Law and Investment in Family Firms, 2010, with Marco Pagano and Fausto Panunzi, American Economic Review, 100 (5), 2414-2450. [Link to Paper]

Reputation Effects in Trading on the New York Stock Exchange, 2007, with Robert Battalio and Robert Jennings, Journal of Finance, 62 (3), 1243-1271. [Link to Paper]

Order Dynamics: Recent Evidence from the NYSE, 2007, with Craig Holden, Pankaj Jain and Robert Jennings, Journal of Empirical Finance, 14, 636-661. [Link to Paper]

IPO Underpricing and After-market Liquidity, 2006, with Marco Pagano, Review of Financial Studies, Volume 19 (2), 381-421. [Link to Paper]

Ripples Through Markets: Inter-market Impacts Generated by Large Trades, 2006, Journal of Financial Economics, Volume 82 (1), 173-196. [Link to Paper]

Opening and Closing the Market: Evidence from the London Stock Exchange, 2005, with Hyun Shin and Ian Tonks, Journal of Financial and Quantitative Analysis, Volume 40 (4), 779-801. [Link to Paper]


Working Papers

Do Financial Analysts Restrain Insiders’ Informational Advantage?, with Marios Panayides. [Link to Paper]

Accounting Transparency, Tax Pressure, and Access to Finance, with Tullio Jappelli, Marco Pagano, and Fausto Panunzi. [Link to Paper]

Is Historical Cost a Panacea? Market Stress, Incentive Distortions and Gains Trading, with Chotibhak Jotikasthira, Christian Lundblad, and Yihui Wang. [Link to Paper]

IPOs and Employment, with Alex Borisov and Merih Sevilir. [Link to Paper]

Control Motivations and Capital Structure Decisions. [Link to Paper]

Blockholders, Debt Agency Costs and Legal Protection, with Levent Guntay, and Ugur Lel. [Link to Paper]


Work in Progress

Workers’ Rights in Bankruptcy, Firm Leverage and Wages, with Marco Pagano.

Employment and Wage Insurance within Family Firms, with Marco Pagano and Fabiano Schivardi.

Succession, Leverage and Dividends in Family Firms, with Marco Pagano and Fausto Panunzi.