Research Grants

Asset Pricing Anomalies and Capital Structure
Roberto Gomes Cram, PhD Candidate in Finance, the Wharton School
Sebastien Plante, Assistant Professor of Finance, Wisconsin School of Business

Comovement in arbitrage limits
Jianan Liu, PhD Candidate in Finance, the Wharton School

Debt Overhang in Distress Times
Joao Gomes, Howard Butcher III Professor of Finance, the Wharton School
Mete Kilic, Assistant Professor of Finance and Business Economics, USC Marshall School of Business
Sebastien Plante, Assistant Professor of Finance, Wisconsin School of Business

Financing Experimentation
Tong Liu, PhD Candidate in Finance, the Wharton School

Learning to Integrate
Lisa Tang, PhD Candidate in Management, the Wharton School

Misallocation in Innovation
Winston Wei Dou, Assistant Professor of Finance, the Wharton School
Leonid Kogan, Nippon Telegraph and Telephone Professor of Management, MIT Sloan School of Business
Wei Wu, Assistant Professor of Finance, Mays Business School, Texas A&M University

Retirement in the (Shadow) Banking
Guillermo Ordonez, Associate Professor of Economics, University of Pennsylvania

Risk Free Interest Rates
Jules van Binsbergen, The Nippon Life Professor in Finance, the Wharton School
William Diamond, Assistant Professor of Finance, the Wharton School
Marco Grotteria, PhD Candidate in Finance, the Wharton School

Strategic Default as an Explanation of the Debt Conservatism Puzzle
Daniel Kim, PhD Candidate in Finance, the Wharton School

The Term Structure of Variance and Asset Pricing
Itamar Drechsler, Associate Professor of Finance, the Wharton School
Mete Kilic, Assistant Professor of Finance and Business Economics, USC Marshall School of Business
Amir Yaron, Robert Morris Professor of Banking, the Wharton School

Compensation Contracts and Bank Risk-Taking
Allison Nicoletti, Assistant Professor of Accounting, the Wharton School
Frank Zhou, Assistant Professor of Accounting, the Wharton School

Does bank monitoring reduce block trading discount?
Tanya Paul, PhD Candidate, Accounting, the Wharton School
Rachel Zhang, PhD Candidate, Accounting, the Wharton School

Global Macro Factors?
Nikolai Roussanov, Moise Y. Safra Associate Professor of Finance, the Wharton School

Learning to Integrate
Lisa Tang, PhD Candidate, Management, the Wharton School

Mandating Exchange Trading for Corporate Bonds
Sebastien Plante, PhD Candidate, Finance, the Wharton School

Size Premium and Distress Premium
Daniel Kim, PhD Candidate, Finance, the Wharton School

Supply of Credit Across Financial Institutions: Evidence from the Great Recession
Anna Cororaton, PhD Candidate, Finance, the Wharton School

Stock Return Predictability: Riding the Risk Premium
Roberto Gomez Cram, PhD Candidate, Finance, the Wharton School

Venture Capital, Innovation, and Growth
Jeremy Greenwood, Professor of Economics, the University of Pennsylvania

Activist Investors and Corporate Strategy
Emilie Feldman, Associate Professor of Management, the Wharton School

A Meta-Learning Approach to Adaptive and Risk-Aware Portfolio Selection
Nicholas Johnson, Postdoctoral Researcher, Computer Information Science, the University of Pennsylvania

Financial Intermediary’s Impact on Firm’s Innovation
Hongxun Ruan, PhD Candidate, Finance, the Wharton School

Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution
Nikolai Roussanov, Associate Professor of Finance, the Wharton School

Income Shocks and Household Balance Sheets: Evidence from Shale Royalty Windfalls
Erik Gilje, Assistant Professor of Finance, the Wharton School

Learning with Information Procession Cost: The Trade Volume Decline of Seasoned Bonds in the Municipal Bond Market
Frank Zhou, Assistant Professor of Accounting, the Wharton School

Managerial Risk Taking Incentives
Nikolai Roussanov, Associate Professor of Finance, the Wharton School

The Asset Pricing Implications of Contracting Frictions
Amir Yaron, Robert Morris Professor of Banking, the Wharton School

Why do larger corporate bond orders obtain better prices?
Sebastien Plante, PhD Candidate, Finance, the Wharton School

Why Do R&D-intensive Companies Earn Higher Returns?
Amora Elsaify, PhD Candidate, Finance, the Wharton School

Acquisitions and Divestitures in Family Firms
Emilie Feldman, Associate Professor of Management, the Wharton School

Estimating Global Bank Network Connectedness
Francis Diebold, Paul F. and Warren S. Miller Professor of Economics, the University of Pennsylvania

Financial Consequences of Divestitures
Emilie Feldman, Associate Professor of Management, the Wharton School
Patia McGrath, PhD Candidate, Management, the Wharton School

Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution
Nikolai Roussanov, Associate Professor of Finance, the Wharton School

Information Frictions in Markets of Complex Assets
Michael Junho Lee, PhD Candidate, Finance, the Wharton School

Large-scale Loan Portfolio Management
Gerry Tsoukalas, Assistant Professor of Operations, Information, and Decisions, the Wharton School

Liquidity Mismatch, Bank Stock Returns, and the Macroeconomy
Yasser Boualam, PhD Candidate, Finance, the Wharton School
Anna Cororaton, PhD Candidate, Finance, the Wharton School

A Sharper Ratio
Kent Smetters, Boettner Professor, the Wharton School

Managerial Risk Taking Incentives
Nikolai Roussanov, Associate Professor of Finance, the Wharton School

Quantitative Models of Financial Crises and Macroprudential Financial Regulation
Enrique Mendoza, Presidential Professor of Economics, the University of Pennsylvania

Stability in Financial Networks
Brett Hemenway, Research Scientist, Computer and Information Science, the University of Pennsylvania
Sanjeev Khanna, Henry Salvatori Professor of Computer and Information Science, the University of Pennsylvania

Temporal Modeling and Prediction using Multi-Task Deep Learning
Eric Eaton, Lecturer, Computer and Information Science, the University of Pennsylvania

The effects of foreign cash on U.S. multinational activities
Jennifer Blouin, Associate Professor of Accounting, the Wharton School

The Market Value of a Vote
David Musto, Ronald O. Perelman Professor in Finance; Finance Department Chair, the Wharton School
Christopher Geczy, Academic Director, Jacobs Levy Center; Academic Director, Wharton Wealth Management Initiative; Adjunct Professor of Finance, the Wharton School

Activist Stake Size and Signaling
Luke Taylor, Assistant Professor of Finance, the Wharton School

Agency Conflicts and Competition and Agency Conflicts and Financial Distress
Todd Gormley, Assistant Professor of Finance, the Wharton School

Can Differences in Rates of Innovation Explain the Carry-Trade?
Colin Ward, Ph.D. Candidate in Finance, the Wharton School

Casino Gambling and Household Expenditures
Christine Dobridge, Ph.D. Candidate in Finance, the Wharton School

Do Rare Events Explain CDX Tranche Spreads?
Jessica Wachter, Professor of Finance, the Wharton School

Financial Innovation and Capital Structure: Evidence from Second Lien Loans
Mark Jenkins, Assistant Professor of Finance, the Wharton School

International Trade, Currency Risk Premia and Cost of Equity Capital
Nikolai Roussanov, Assistant Professor of Finance, the Wharton School

Portfolio Holdings and Governance Through Exit
Alex Edmans, Associate Professor of Finance, the Wharton School

The Effects of Derivative Lawsuits
Ian Appel, Ph.D. Candidate in Finance, the Wharton School

The Value of Informativeness for Contracting
Alex Edmans, Associate Professor of Finance, the Wharton School

Using Student Grades to Grade Teachers
Alex Edmans, Associate Professor of Finance, the Wharton School

100 Years of Capital Structure: The Leveraging of Corporate America 
Michael Roberts, Professor of Finance, the Wharton School

Adverse Selection and Moral Hazard in Bank Lending
Michael Roberts, Professor of Finance, the Wharton School

An Exploration of Contracts and Incentives in Collateralized Loan Obligations
Gregory Nini, Assistant Professor of Finance, the Wharton School

Commercial Mortgage Backed Securities and Special Services
Maisy Wong, Assistant Professor of Real Estate, the Wharton School

Dynamic CAPM with Time Varying Asset Risk Exposures
Ivan Shaliastovich, Assistant Professor of Finance, the Wharton School
Amir Yaron, Professor of Finance, the Wharton School

Estimating Returns to Scale in Active Portfolio Management
Luke Taylor, Assistant Professor of Finance, the Wharton School

Foreign Exchange Risk Premia: Evidence from Option Markets
Ivan Shaliastovich, Assistant Professor of Finance, the Wharton School

International Trade, Currency Risk Premia and Cost of Equity Capital
Nikolai Roussanov, Assistant Professor of Finance, the Wharton School

Managerial Incentive Alignment in Corporate Spinoffs
Emilie Feldman, Assistant Professor of Management, the Wharton School

Political Risk and Stock Market Outcomes
Christine Dobridge, Ph.D. Candidate in Finance, the Wharton School

Quantifying the Costs of Renegotiation
William Mann, Ph.D. Candidate in Finance, the Wharton School
Michael Roberts, Professor of Finance, the Wharton School

Regulatory Uncertainly and Investment and Agency Conflicts and Financial Distress
Todd Gormley, Assistant Professor of Finance, the Wharton School

The Real Effects of Disclosure and Empirical Evidence of Managerial Myopia
Alex Edmans, Assistant Professor of Finance, the Wharton School