Research Interests

Institutional Investors, Responsible Investing, Corporate Social Responsibility

Publications

• Do Institutional Investors Stabilize Equity Markets in Crisis Periods? Evidence from COVID-19, with Pedro Matos, Stefano Ramelli, and Alexander F. Wagner
  Management Science, Accepted

• Russell Index Reconstitutions, Institutional Investors, and Corporate Social Responsibility Internet Appendix
  Critical Finance Review, 2024, Volume 13, Issues 1-2, Pages 117-150

• Do Responsible Investors Invest Responsibly?, with Rajna Gibson Brandon, Philipp Krueger, Pedro Matos, and Tom Steffen
  Review of Finance, 2022, Volume 26, Issue 6, Pages 1389-1432

• Investor Horizons, Long-Term Blockholders, and Corporate Social Responsibility
  Journal of Banking & Finance, 2019, Volume 103, Pages 78-97

Working Papers

• (Diversity) Equity and Inclusion, with Alex Edmans and Caroline Flammer
  • Ford Foundation and JUST Capital HCM Grant
  • Presentations: AFA*, ASSA (scheduled), Delaware Weinberg/ECGI Corporate Governance Symposium, EUROFIDAI Paris December, European Finance Association, FMA, Midwest Finance Association, PRI Academic Network*, SFS Cavalcade, University of Toledo, University of Zurich (* presented by co-author)
  • Media coverage: Board Agenda, Board Agenda #2, CEPR, Christian Science Monitor, FT Moral Money, Harvard Law Blog, Investment & Pensions Europe, NBER Reporter, PRI Blog, Reuters, VoxEU
    
    
• Decarbonizing Institutional Investor Portfolios: Helping to Green the Planet or Just Greening Your Portfolio?, with Vaska Atta-Darkua, Philipp Krueger, and Pedro Matos
  • Portuguese Finance Network Best Paper Award
  • GIWM Research Award
  • Presentations: AFA*, AMRA Research Symposium*, Bank of England Climate and Nature Seminar Series*, China International Conference in Finance*, Cornell ESG Investing Conference*, Drexel University Corporate Governance Conference*, ECGI Capitalism Revisited Conference*, European Finance Association*, FMA*, FMA Napa/Sonoma Finance Conference*, FRB IF Collab Week, Global Corporate Governance Colloquium*, HKU-TLV Finance Forum Tel Aviv*, ICPM Spring Discussion Forum*, IMF/World Bank Seminar*, Inquire Joint Spring Seminar*, Midwest Finance Association, New York Fed Summer Climate Finance Conference*, Norges Bank Investment Management*, NTHU Symposium on Sustainable Finance and Economics*, Portuguese Finance Network*, PRI Academic Network*, University of Liechtenstein, World Symposium on Investment Research*, Yale Initiative on Sustainable Finance Annual Symposium (scheduled) (* presented by co-author)
  • Media coverage: Economist, Institutional Investor
    
    
• ESG Skill of Mutual Fund Managers, with Marco Ceccarelli, Richard Evans, Mikael Homanen, and Ellie Luu
  • Presentations: Alpine Finance Summit*, DGF*, EEA*, European Finance Association*, FMA (scheduled), FMA European Conference*, GRASFI*, Luxembourg Conference in Sustainable Finance*, Telfer School of Management Symposium on Responsible Investing*, University of Oklahoma & RFS Climate and Energy Conference (scheduled) (* presented by co-author)
    
    
• Catering Through Transparency: Voluntary ESG Disclosure by Asset Managers and Fund Flows, with Marco Ceccarelli and Mikael Homanen
  • Presentations: American Accounting Association Meeting, ASBS COP26 ESG and Climate Finance Conference*, EEA*, EUROFIDAI Paris December, FMA, Liechtenstein Workshop of Sustainable Finance*, Luxembourg Conference in Sustainable Finance*, Midwest Finance Association, PRI Brownbag*, SEC/Lehigh University Conference on Financial Market Regulation* (* presented by co-author)
  • Policy coverage: SEC
    
    
• Repeat Offenders: ESG Incident Recidivism and Investor Underreaction
  • Cubist Systematic Strategies PhD Candidate Award for Outstanding Research
  • Presentations: AEFIN Finance Forum, AFFI, Binghamton University, Cornerstone Research, DGF (poster session), EUROFIDAI Paris December, Federal Reserve Board, Fulcrum Asset Management, McGill University, McMaster University, Monash Business School, Moody’s Analytics, PFMC, Rutgers University Camden, University of Exeter, University of Lille, University of Nottingham, University of Ottawa, University of San Diego, UNSW Sydney, Utrecht University, UVA Darden Business School, Western Finance Association
  • Media coverage: Agenda, City A.M., Columbia Law School Blue Sky Blog, Forbes, Forbes #2
    
    
• Which Institutional Investors Drive Corporate Sustainability?, with Marco Ceccarelli, Mikael Homanen, and Daniel Schmidt
  • GRASFI Best Paper Award for Transparency for Stakeholders
  • Presentations: Annual Hedge Fund Conference*, ARCS Research Conference*, DGF*, EEA*, GRASFI*, Midwest Finance Association (* presented by co-author)
  • Media coverage: Institutional Money
    
    

This is my personal webpage. The views expressed in all work on this website are those of the authors and do not necessarily represent those of the Federal Reserve System.