I have four published papers. My first showed the role for corporate governance regulation. The second showed that uncertainty aversion creates systemic risk (with Paolo Fulghieri) The third showed that uncertainty aversion results in strategic complementarities in innovation decisions, resulting in innovation and merger waves associated with positive investor sentiment (with Paolo Fulghieri). Finally, I also study insurance cycles (with James Garven).
In current work, I also study (with Paolo Fulghieri) the impact of aversion to Knightian uncertainty, or ambiguity aversion, on corporate finance. Our first paper shows that ambiguity aversion provides a decision theoretic foundation for disagreement. Our newest papers considers continuous-time contracting under uncertainty within an organization, and shows Knightian uncertainty can motivate firms to use equity on the entire firm to motivate division-level managers.
In current work (with Brian Kim), we argue that the earnings announcement premium is a measure of costs associated with firm-specific uncertainty.