Research

My research spans a wide range of topics within finance and is concentrated in the areas of financial institutions, corporate finance, and stock market anomalies.

Publications

1. "Merger reasons and their impact: Evidence from the credit union industry'' (with M. Kabir Hassan, José Antonio Pérez-Ameudo, and Michael Puleo), 2024, Journal of Economics and Finance 48(4), pp. 1020-1052. https://doi.org/10.1007/s12197-024-09685-8

2. "The January Anomaly and Anomalies in January'' (with Alex Lytle, Fairfield B.S. '22, MSF '23), 2023, Applied Finance Letters 12(1), pp. 2-11. https://doi.org/10.24135/afl.v12i1.615

3. "Implications of public corruption for local firms: Evidence from corporate debt maturity'' (with M. Kabir Hassan and Md. Sydul Karim), 2022, Journal of Financial Stability 58, 100975. https://doi.org/10.1016/j.jfs.2022.100975 

4. "Discretionary loan loss provisioning and bank stock returns: The Role of economic booms and busts'' (with Shantaram P. Hegde), 2021, Journal of Banking & Finance 130, 106186. https://doi.org/10.1016/j.jbankfin.2021.106186 

5. "Entrenchment or efficiency? CEO-to-employee pay ratio and the cost of debt'' (with Katsiaryna Bardos and Michael Puleo), 2021, Financial Review 56(3), pp. 511-533. https://doi.org/10.1111/fire.12256 

6. "Financial distress, corporate takeovers, and the distress anomaly'' (with Michael Puleo), 2021, Managerial Finance 47(8), pp. 1168-1193. https://doi.org/10.1108/MF-12-2019-0621 

7. "Asymmetric information and opportunism in insider share-pledging'' (with Michael Puleo), 2021, Managerial Finance 47(10), pp. 1385-1407. https://doi.org/10.1108/MF-06-2020-0322 

8. "Share-pledging and the cost of debt'' (with Michael Puleo and Michael McDonald), 2021, Accounting and Finance 61(1), pp. 1047-1079. https://doi.org/10.1111/acfi.12603 

9. "Cryptocurrency return reversals'' (with Michael Puleo and Jizhou Zhou), 2021, Applied Economics Letters 28(11), pp. 887-893. https://doi.org/10.1080/13504851.2020.1784831

10. "Cross-sectional equity correlations and the value of active management'' (with Gregg Fisher and Michael McDonald), 2020, Journal of Index Investing 11(1), pp. 52-66. https://doi.org/10.3905/jii.2020.1.089 

11. "Predicting recessions using trends in the yield spread'' (with Thaddeus Sim), 2019, Journal of Applied Statistics 46(7), pp. 1323--1335. https://doi.org/10.1080/02664763.2018.1537364 

Working Papers

1. "The extent and impact of loan loss provisioning discretion within the U.S. credit union industry'' (with M. Kabir Hassan, Alec Melotto, and José Antonio Pérez-Ameudo)

2. "Differences of opinion, short-sale constraints, and the underperformance of distressed stocks'' (sole authored)

Works-in-Progress

1. "Determinants of CEO-to-employee pay ratio and its effect on productivity, culture, and firm value'' (with Katsiaryna Bardos and Mine Ertugrul)