Research

Working papers

1. "Do depositors monitor banks using accounting information? Evidence from the EDGAR log file" 

• • I use SEC EDGAR IP-traced download data as a novel measure of depositor monitoring. I show that depositors actively acquire information from banks' disclosures and that greater monitoring predicts outflows of uninsured deposits, especially for weaker and more fragile banks.

  • Presented: IAS Midyear Meeting 2026, CEPR Paris Symposium 2025 (poster), FDIC 24th Bank Research Conference 2025 (poster), Accounting Summer Camp - Early Researcher Consortium 2025, EAA Annual Congress 2025, European Accounting Symposium for Young Scholars (EASYS) 2025.   

2. "The private information in public debt contracts" (with: Paul Demeré and Francesco Grossetti).

• We use natural language processing to extract latent topics from public loan contracts and show that these topics and other loan terms are predictive of future borrower outcomes, such as borrower performance, investment, bankruptcy, and stock return volatility, incremental to standard prediction variables. Our results indicate that loan contracts reflect private lender information that could be useful to other corporate stakeholders and highlight the richness of unstructured legal text in loan contracts.

Work in progress

"The economic consequences of centralizing bank regulatory disclosures" (with Ferdinand Elfers).