{"id":8,"date":"2019-06-25T13:08:43","date_gmt":"2019-06-25T13:08:43","guid":{"rendered":"https:\/\/blog.iese.edu\/eufinger\/?page_id=8"},"modified":"2026-02-20T20:15:42","modified_gmt":"2026-02-20T20:15:42","slug":"research","status":"publish","type":"page","link":"https:\/\/blog.iese.edu\/eufinger\/research\/","title":{"rendered":"Research"},"content":{"rendered":"<hr \/>\n<h2 class=\"auto-style49\"><strong>Publications<\/strong><\/h2>\n<p class=\"auto-style50\"><span class=\"auto-style48\"><strong>Green Banking Illusion? The Influence of &#8220;Eco-Conscious&#8221; Bank Shareholders on Credit Allocation <\/strong>(<strong><em>Journal of Corporate Finance, <\/em><\/strong><em>Volume 92, 2025<\/em>)<strong><br \/>\n<\/strong>(with Adrian B\u00f6hm, Igor Kadach, and Yuki Sakasai)<strong><br \/>\n<\/strong><\/span><\/p>\n<p class=\"auto-style50\"><span class=\"auto-style48\"><strong>Zombie Credit and (Dis-)Inflation: Evidence From Europe <\/strong>(<strong><em>The Journal of Finance, <\/em><\/strong><\/span><em>79(3), 1883-1929, <span class=\"auto-style48\">2024<\/span><\/em><span class=\"auto-style48\">)<strong><br \/>\n<\/strong><span class=\"auto-style51\">(with Viral V. Acharya, Matteo Crosignani, and Tim Eisert)<\/span><\/span><\/p>\n<p><strong>Domestic Financial Conditions and MNCs&#8217; Global Competitiveness: Evidence from the Swiss Franc Shock <\/strong>(<strong><em>Journal of International Business Studies, <\/em><\/strong><em>55(8), 1057 &#8211; 1068, 2024<\/em>)<br \/>\n(with Andrej Gill and Florian Hett)<\/p>\n<p class=\"auto-style50\"><span class=\"auto-style48\"><strong>Whatever It Takes: The Real Effects of Unconventional Monetary Policy<\/strong> (<em><strong>The Review of Financial Studies, <\/strong><i>32<\/i>(9), 3366-3411, 2019<\/em>)<br \/>\n<\/span><span class=\"auto-style51\"><span class=\"auto-style48\">(with Viral V. Acharya, Tim Eisert, and Christian Hirsch)<\/span><\/span><\/p>\n<p><strong>Interbank Networks and Backdoor Bailouts: Benefiting From Other Banks&#8217; Government Guarantees<\/strong>\u00a0(<em><strong>Management Science,\u00a0<\/strong><i>65<\/i>(8), 3673-3693, 2019<\/em>)<br \/>\n(with Tim Eisert)<\/p>\n<p class=\"auto-style50\"><strong>Real Effects of the Sovereign Debt Crisis in Europe: Evidence From Syndicated Loans<\/strong>\u00a0(<em><strong>The Review of Financial Studies<\/strong>,\u00a031(8), 2855-2896, 2018 &#8211; Editor&#8217;s choice<\/em>)<br \/>\n(with\u00a0<span class=\"auto-style51\"><span class=\"auto-style48\">Viral V. Acharya<\/span><\/span>, Tim Eisert, and Christian Hirsch)<\/p>\n<p class=\"auto-style50\"><strong>Incentive-Based Capital Requirements<\/strong>\u00a0(<em><strong>Management Science,<\/strong> 63(12), 4101-4113, 2017<\/em>)<br \/>\n(with Andrej Gill)<\/p>\n<hr \/>\n<h2 class=\"auto-style49\"><strong>Working Papers<\/strong><\/h2>\n<p><a href=\"https:\/\/www.nber.org\/papers\/w31790?utm_campaign=ntwh&amp;utm_medium=email&amp;utm_source=ntwg29\"><strong>How Do Supply Shocks to Inflation Generalize? Evidence From the Pandemic Era in Europe<\/strong><\/a><br \/>\n(with Viral V. Acharya, Matteo Crosignani, and Tim Eisert) <strong><em>R&amp;R RFS<\/em><\/strong><br \/>\n<em><span style=\"color: #808080\">AFA 2026, WFA 2024, EFA 2024, Yale Supply Chain Workshop 2024, Banco de Portugal and CEPR Conference on Financial Intermediation 2024, CEPR Paris Symposium 2023<\/span><\/em><\/p>\n<p><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4522039\"><strong>Concentrating on Bailouts: Government Guarantees and Bank Asset Composition <\/strong><\/a><br \/>\n(with Juan Pablo J. Gorostiaga and Bj\u00f6rn Richter) <strong><em>R&amp;R JFQA<\/em><\/strong><br \/>\n<em><span style=\"color: #808080\">EFA 2023, EEA 2023, 30th Finance Forum, MadBarWorkShop 2023, FMA 2023<\/span><\/em><\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1FMiRHjgO4m_DFN6XYbs0AMa7SDRNqHTz\/view\"><strong>Lending Beyond Bagehot: Loan Contracting with Advantageous Central Bank Funding<\/strong><\/a><br \/>\n(with Zhiqiang Ye)<br \/>\n<em><span style=\"color: #808080\">Deutsche Bundesbank and HU Berlin Conference on Markets and Intermediaries\u00a0 2024, CEBRA 2024, 30th Finance Forum<\/span><\/em><\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1CCObBLfDLbuBROMyMRXKtrdi7qNgXHkF\/view\"><strong>Banking on Bailouts<\/strong><\/a><br \/>\n(with Juan Pablo J. Gorostiaga and Zhiqiang Ye)<\/p>\n<p><a href=\"https:\/\/papers.ssrn.com\/abstract=5941035\"><strong>From Stocks to Bricks: The Housing Market Effects of Dividend Tax Hikes<\/strong><\/a><br \/>\n(with Teng Huang and Martin Jacob)<\/p>\n<p><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=6239718\"><strong>Common Lenders and Borrower Return Comovement<\/strong><\/a><br \/>\n(with Luca Lin, Valentina Raponi, and\u00a0Haorui Wang)<\/p>\n<hr \/>\n<h2 class=\"auto-style49\"><strong>Work in Progress<\/strong><\/h2>\n<p><strong>Zombie Firms and Corporate Governance<\/strong><br \/>\n(with <span class=\"auto-style48\"><span class=\"auto-style51\">Viral V. Acharya, Matteo Crosignani, and Tim Eisert<\/span><\/span>)<\/p>\n<p><strong>Unholy Trinity: Bailout Guarantees, Fixed Wages, and Capital Regulation<\/strong><br \/>\n(with Teng Huang)<\/p>\n<p><strong>(N)evergreening Loans: From Incurred to Expected Credit Loss Models<\/strong><br \/>\n(with Guillermo Ramirez and Yuki Sakasai)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Publications Green Banking Illusion? The Influence of &#8220;Eco-Conscious&#8221; Bank Shareholders on Credit Allocation (Journal of Corporate Finance, Volume 92, 2025) (with Adrian B\u00f6hm, Igor Kadach, and Yuki Sakasai) Zombie Credit and (Dis-)Inflation: Evidence From Europe (The Journal of Finance, 79(3), 1883-1929, 2024) (with Viral V. Acharya, Matteo Crosignani, and Tim Eisert) Domestic Financial Conditions and [&hellip;]<\/p>\n","protected":false},"author":2234,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/pages\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/users\/2234"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/comments?post=8"}],"version-history":[{"count":65,"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/pages\/8\/revisions"}],"predecessor-version":[{"id":275,"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/pages\/8\/revisions\/275"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/eufinger\/wp-json\/wp\/v2\/media?parent=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}