Corporate Governance

My recent work, published in the Review of Financial Studies, highlights how effective governance can occur without shareholder protection laws. This is supported by my previous research, which examines the separation of ownership and control historically.

Asset Pricing

Another major topic of interest is the performance of the stock market in different eras. My research has examined the major financial boom and bust during the British Railway Mania, and the fluctuations of financial markets over the long run.