Working papers

Understanding the Future of Banking: Scale & Scope Economies, and Fintech, 27 January 2016.
Non-Precautionary Cash Hoarding and the Evolution of Growth Firms, (with V. Vladimirov), 21 November 2016.
Competition and Entry in Banking: Implications for Capital Regulation, (with M. Marinc), 2008.
The Competitive Challenge in Banking, (with A. Schmeits), 2005.
Towards a New Theory of Corporate Governance Objectivity versus Proximity, (with J.R. Macey and A. Schmeits), 2004.
Economic Value of Autonomy, (with A.V. Thakor), 2003.
Evolution of Organizational Scale and Scope, (with T.T. Milbourn and A.V. Thakor), in Tinbergen Institute paper series (discussion paper). 060/2, (2002) (previous title: "Expansion of Banking Scale and Scope: Don’t Banks Know the Value of Focus?").