We document that finance companies and FinTech lenders increased lending to small
businesses after the 2008 financial crisis. We show that most of the increase substituted for a …

Using exogenous liquidity windfalls from oil and natural gas shale discoveries, we
demonstrate that bank branch networks help integrate US lending markets. Banks exposed …

We study the importance of trust in the investment advisory industry by exploiting the
geographic dispersion of victims of the Madoff Ponzi scheme. Residents of communities that …

We investigate whether the Troubled Assets Relief Program (TARP) gave recipients
competitive advantages. Using a difference-in-difference (DID) approach, we find that: i) …

We study how listing status affects investment behavior. Theory offers competing hypotheses
on how listing‐related frictions affect investment decisions. We use detailed data on 74,670 …

Community banks have a unique capacity to strengthen economic resilience by alleviating
local firm credit constraints during economic downturns. We provide evidence that banking …

This thesis consists of three chapters on banking and local credit markets. The first chapter
studies the relationship between bank-specific capital and credit access in a new setting …

This paper studies the effect of bank branch closures on lending in the Digital Age. Previous
studies found that bank branch closings have either no effect or small negative impact on …

Do banks enable organized crime? Does bank regulation insulate financial intermediation
from criminal activity? I address these questions using evidence from the drug trade in …

This dissertation extends a growing literature on banking and finance by investigating bank
corporate governance, internationalization, and bailouts. The first paper conducts the first …