Publications of Ashwini Agrawal

We show that the collapse of the municipal bond insurance industry plays an important, but previously overlooked, role in driving regional variation...

The Review of Financial Studies, 34(10), 4785–4831.

The EU’s 2019 Insolvency Directive increases debt holders’ control over bankruptcy reorganization proceedings, mirroring recent trends in U.S. Chapter...

Rank-and-file employees are becoming increasingly critical for many firms, yet we know little about how their employment dynamics matter for stock...