Publications:
[1] “The Effect of Mortgage Securitization on Foreclosure and Modification”Journal of Financial Economics 129 (3): 586-607 (2018)
○ Internet Appendix
○ Media Coverage: Wall Street Journal
○ Working Paper [2] “Do Labor Markets Discipline? Evidence from RMBS Bankers” (with John M. Griffin and Gonzalo Maturana)
Journal of Financial Economics 133 (3): 726-750 (2019)
○ Internet Appendices A, B, and C
○ Media Coverage: Bloomberg, VICE, Vocativ [3] “Personal Infidelity and Professional Conduct in 4 Settings” (with John M. Griffin and Gonzalo Maturana)
Proceedings of the National Academy of Sciences (PNAS) 116 (33): 16268-16273 (2019)
○ Internet Appendix
○ Media Coverage: Bloomberg, Science Daily, additional coverage
○ Working paper previously circulated as: “Do Personal Ethics Influence Corporate Ethics?” [4] “Collateral Misreporting in the Residential Mortgage-Backed Security Market” (with Gonzalo Maturana)
Management Science, 67 (5): 2729-2750 (2021)
○ Internet Appendices A, B, and C [5] “What Drove the 2003–2006 House Price Boom and Subsequent Collapse? Disentangling Competing Explanations” (with John M. Griffin and Gonzalo Maturana)
Journal of Financial Economics, 141 (3): 1007-1035 (2021)
○ Internet Appendix
○ Data and Code
○ Media Coverage: Fox 7 Austin [6] “High Aversion to Stochastic Time Preference Shocks and Counterfactual Long-Run Risk in the Albuquerque et al. Valuation Risk Model”
Critical Finance Review, 10 (3): 383-408 (2021)
○ Accepted Paper
○ Internet Appendix
○ Replication Code
○ Previously circulated as: “Assessing Valuation Risk: Theory and Empirical Evidence” and “Theoretical and Empirical Challenges to Valuation Risk Induced by Stochastic Time Preferences” [7] “Do Municipal Bond Dealers Give their Customers “Fair and Reasonable” Pricing?” (with John M. Griffin and Nicholas Hirschey)
Journal of Finance, 78: 887-934 (2023)
○ Internet Appendix
○ Media Coverage: Wall Street Journal, Bloomberg [8] “Did FinTech Lenders Facilitate PPP Fraud?” (with John M. Griffin and Prateek Mahajan)
Journal of Finance, 78: 1777-1827 (2023)
○ Internet Appendix
○ Cited by U.S. House Committee Report on PPP Fraud
○ Media Coverage: Fox News, National Public Radio (additional NPR story), New York Times (additional NYT article), Washington Post, Bloomberg, USA Today, Associated Press, CNN, NBC News, Atlanta Journal Constitution, Miami Herald, additional coverage [9] “How Has COVID-19 Impacted Research Production in Economics and Finance?” (with Gonzalo Maturana and Jordan Nickerson)
Review of Financial Studies, 26: 3348-3381 (2023)
○ Internet Appendix
○ Featured in Texas McCombs Big Ideas and Academic Minute
Working Papers:
“Dealer Financing in the Subprime Auto Market: Markups and Implicit Subsidies” (2023, with Mark Jansen and Gonzalo Maturana)
○ Revise and Resubmit at Management Science
○ Internet Appendix
“Did Pandemic Relief Fraud Inflate House Prices?” (2023, with John M. Griffin and Prateek Mahajan)
○ Media Coverage: National Public Radio, Wall Street Journal, Associated Press, CNBC
“Is Fraud Contagious? Social Connections and the Looting of COVID Relief Programs” (2023, with John M. Griffin and Prateek Mahajan)
“What is Forensic Finance?” (2023, with John M. Griffin)
“Disagreement and Liquidity” (2020)
○ Internet Appendix
“Persistence in Mutual Fund Performance: Analysis of Holdings Returns” (2007)
Work in Process:
“Alternative Credit Data, Lending, and Consumer Welfare in the Subprime Auto Lending Market” (with Mark Jansen and Gonzalo Maturana)