Delighted that my paper “Uncertainty, Access to Debt, and Firm Precautionary Behavior” with Janet Gao Finance Department at Kelley School of Business and Giovanni Favara Federal Reserve is now forthcoming in the Journal of Financial Economics Thread 1/n

We show that better access to debt markets mitigates the negative effects of uncertainty on corporate behavior. Expecting to have easier access to debt markets in case of cash shortfalls, firms save less and invest more in intangible assets and perform better 2/n

Our paper sheds light on the mechanisms through which uncertainty has real effects on the economy and suggests that government interventions aimed at improving access to external finance reduce firms’ vulnerability to uncertainty shocks.

Daily chart – Bankers who disagree with the president charge more for loans economist.com/graphic-detail…

My original paper on loan officers finally in print after so many years! Excited and relieved. 😀 The influence of loan officers on loan contract design and performance sciencedirect.com/science/articl…

Excited to be part of the organizing committee for the 16th annual Early Career Women in Finance Conference. #ECWFC will be held on Tuesday, June 15, 2021 via Zoom. Please share with any recent graduates or pre-tenure finance scholars with new research. sites.google.com/view/16thannua…

Super excited to be part of the organizing committee, together with Jill Grennan and Janet Gao. Looking forward to “seeing” lots of old friends and new faces.

Excited for the 16th Early Career Women in Finance #conference. Prior to the #WFA, we celebrate women in #finance with presentations by juniors and networking across career ranks. All are welcome, so please register to attend.  Highlights to follow. sites.google.com/view/16thannua…

A panel with pioneering women in the profession: Wei Jiang (Columbia Business School), Toni Whited Toni Whited 😷 (University of Michigan), and Maureen O'Hara (Cornell University).

sites.google.com/view/16thannua… A schedule full of amazing young researchers and timely topics: inflation, impact investing, crisis responses, FinTech, etc... Can't wait to hear their insights! Jessica Jeffers  Carolin Pflueger  Isha Agarwal Jessie Wang

Employment cuts also occur in hospitals acquired by non-PE acquirers, but the skilled worker ratio does not increase in those hospitals. PE-backed acquirers, especially publicly traded ones, are also uniquely associated with reductions in overhead costs. 2/3

This research provides new evidence on the role of PE acquirers in the hospital industry and paints a more nuanced picture with the differences between PE and non-PE acquirers, as well as between PE backed acquirers with and without access to public capital markets. 3/3