Working Papers

• “Legislator Tweets About the Green Transition and the Returns of Green versus Brown Stocks," with Victor DeMiguel and Milind Goel. [working paper] 

• “Social Media as a Bank Run Catalyst," with J. Anthony Cookson, Corbin Fox, and Juan F. Imbet, and Christoph Shiller. [working paper] Revise and Resubmit, Journal of Financial Economics.

 Featured in:

"A hat-trick of genuinely interesting papers relevant to the banking mess." FT, 2023.

"Wake up to the dangers of digital bank runs." FT, 2023.

"A social-media-powered bank run." The New York Times DEALBOOK, 2023.

"Study Finds Twitter Chatter Fueled SVB Collapse — and Other Banks Are at Risk." Money, 2023.

"Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says." CNBC, 2023

"Twitter fueled run on Silicon Valley Bank, new paper finds." Axios, 2023.

"Twitter poses a risk to the financial system and helped fuel the SVB run, says first major study to investigate the topic." Fortune, 2023.

"Social Media Fueled the Run on Silicon Valley Bank: Study." TECHNEWSWORLD 2023

"Did Tweets Help Crash Silicon Valley Bank? Paper Shows New Social Media Risks." Kiplinger, 2023.

"The Surprising Risk That Turbocharged a $142 Billion Bank Run." WSJ 2023.

"Hutchins Roundup: Bank runs and social media, rising wages and inflation, and more." Brookings, 2023.

"Twitter helped kill Silicon Valley Bank. Are other banks at risk?" American Banker, 2023

"Twitter, un motor que azuzó el miedo financiero y precipitó la caída de Silicon Valley Bank." Cinco días El Pais, 2023.

"Pánico en la empresa: hablan las redes sociales." La Vanguardia, 2023.

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• "Tweeting for Money: Social Media and Mutual Fund Flows," with Juan Imbet. [working paper] Revise and Resubmit, Management Science. 

• "Defining Greenwashing," with Ariadna Dumitrescu and Feng Zhou. [working paper]

Featured in:

"Consumer Federation of America's letter to the SEC in support of proposed rule for enhanced disclosure by investment advisers and investment companies of ESG investment practices." Consumer Federation of America, 2022.

"Global greenwashing regulations: How the world is cracking down on misleading sustainability claims." Sustainalytics, 2023.

"Seeing through the Green: A Guide to Greenwashing Risks for Asset Managers." Sustainalytics, 2023.

"An  Exploration of Greenwashing Risks in Investment Fund Disclosures: An Investor Perspective." CFA Institute Research and Policy Center, 2023.

"Greenwashing in der Fondsbranche." Financial Planning News, 2024.

• "Geographic Shareholder Dispersion and Mutual Fund Flow Risk," with Alexander Kempf and Raffaele Santioni. [working paper]

• "ESG and Mutual Fund Competition," with Ariadna Dumitrescu. [working paper]

Winner of the INVERCO Best Paper in Asset Management Award, 2024, Finance Forum (Spanish Finance Association Annual Conference)