Research

JOURNAL PUBLICATIONS

Bank default risk propagation along supply chains: Evidence from the U.K. (with Mariana Spatareanu, Vlad Manole, and Ali Kabiri), International Review of Economics & Finance, 2023, vol. 84, pp. 813-831

When does leverage hurt productivity growth? A firm-level analysis (with Fabrizio Coricelli, Nigel Driffield, and Sarmistha Pal), Journal of International Money and Finance, 2012, vol. 31, pp.1674–1694

Working Paper version cited in: Transition Report 2009: Transition in Crisis?, European Bank for Reconstruction and Development, 2009.

WORKING PAPERS

Forbearance lending as a crisis management tool: Evidence from Japan (with Yukiko Saito and Philip Schnattinger) Under Review

Bank of England Staff Working Paper No. 1,102 NEW!

The gravity of syndication ties in international equity underwriting (with Luke Milsom, Vladimír Pažitka, Isabelle Roland and Dariusz Wójcik) Under Review

Bank of England Staff Working Paper No. 1,021

Minimum wages and the China syndrome: causal evidence from US local labor markets (with Luke Milsom)
Cambridge Working Papers in Economics CWPE2170; CEP Discussion Paper CEPDP1807.

The Aggregate Consequences of Default Risk: Evidence from Firm-Level Data (with Tim Besley and John Van Reenen)

ECB Working Paper 2425; NBER Working Paper 26686; CEPR Discussion Paper 14327; CEP Discussion Paper 1672; Cambridge Working Papers in Economics CWPE2061. New draft coming soon!

Gravity in international finance: Evidence from fees on equity transactions (with Luke Milsom, Vladimir Pazitka, and Dariusz Wojcik)

Cambridge Working Papers in Economics CWPE2059; Cambridge INET WP2028; CEP Discussion Paper 1703.

Bank Default Risk Propagation along Supply Chains: Evidence from the U.K. (with Mariana Spatareanu, Vlad Manole, and Ali Kabiri)

Cambridge Working Papers in Economics CWPE2058; Cambridge INET WP2027; CEP Discussion Paper 1699.

Published as: Bank default risk propagation along supply chains: Evidence from the U.K. (with Mariana Spatareanu, Vlad Manole, and Ali Kabiri), International Review of Economics & Finance, 2023, vol. 84, pp. 813-831

Leverage and productivity growth in emerging economies: Is there a threshold effect? (with Fabrizio Coricelli, Nigel Driffield, and Sarmistha Pal)

Brunel University Economics and Finance WP No. 10-21; IZA Discussion Paper No. 4834; CEPR Discussion Paper No. DP7617

Also circulated as Microeconomic implications of credit booms: evidence from emerging Europe, EBRD Working Paper No. 119 

Published as: When does leverage hurt productivity growth? A firm-level analysis in Journal of International Money and Finance, 2012, vol. 31, pp.1674–1694.

Cited in: Transition Report 2009: Transition in Crisis?, European Bank for Reconstruction and Development, 2009.

BOOK CHAPTERS

Private Investment and Innovation (with Miguel Coelho and Jennifer Kao) Chapter 6 in Tim Besley and John Van Reenen (Eds.) (2013) Investing for Prosperity: a manifesto for growth, LSE Academic Publishing, 2013

WORK IN PROGRESS

Fintech and SME lending: Evidence from U.K. banks (with Vladimír Pažitka and Alex Prior)

Finance and Productivity Growth: The Role of Intangibles (with Sudipto Karmakar, Marko Melolinna, and Philip Schnattinger) Draft coming soon!

Interest Rate Risk Hedging and The Cost of Debt: Novel Evidence from a Large Language Model (with Jelle Barkema, Maren Froemel, and Alessio Venturini)