Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending (2024)
Journal Article
Lim, I., Nguyen, L. D. D., Nguyen, L., & Wilson, J. O. (2024). Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending. Journal of Money, Credit and Banking, https://doi.org/10.1111/jmcb.13142

We use the staggered introduction of new flight routes to identify reductions in travel time between banks’ headquarters and branches to examine their effects on branch outputs and efficiency. Reductions in headquarters–branch travel time increases b... Read More about Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending.

Earnings Expectations and the Quality of Financial Services (2023)
Journal Article
Shi, X., Nguyen, . D. D. (., & Wang, M. (2023). Earnings Expectations and the Quality of Financial Services. Journal of Accounting and Public Policy, 42(4), Article 107115. https://doi.org/10.1016/j.jaccpubpol.2023.107115

Using complaint data filed by consumers with the Consumer Financial Protection Bureau against financial institutions, we show that banks receive, on average, 13.3% more customer complaints in the quarter immediately after they narrowly beat analy... Read More about Earnings Expectations and the Quality of Financial Services.

Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits (2023)
Journal Article
Brogaard, J., Le, N., Nguyen, D. D., & Sila, V. (2023). Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits. Journal of Financial and Quantitative Analysis, 1-55. https://doi.org/10.1017/s0022109023000571

Using three exogenous shocks to ex ante litigation risk, including federal judge ideology and two influential judicial precedents, we find that lower shareholder litigation risk reduces a firm’s propensity to delist from the U.S. stock markets. The e... Read More about Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits.

Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws (2022)
Journal Article
Hagendorff, J., Nguyen, D., & Sila, V. (2022). Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws. Journal of Corporate Finance, 77, Article 102315. https://doi.org/10.1016/j.jcorpfin.2022.102315

We show that following the legalization of same-sex marriage across US states, mortgage applications from same-sex borrowers are more likely to be denied relative to a matched sample of different-sex borrowers. Our findings are robust to using a stac... Read More about Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws.

Regulatory Spillovers in Local Mortgage Markets (2022)
Journal Article
Lim, I., Nguyen, D., & Nguyen, H. (in press). Regulatory Spillovers in Local Mortgage Markets. The Review of Corporate Finance Studies, https://doi.org/10.1093/rcfs/cfac035

We document novel evidence on the spillover effect of a corporate control regulation on local mortgage markets. We find that banks directly targeted by the Sarbanes-Oxley Act (SOX) to rectify their internal control weaknesses reduce mortgage originat... Read More about Regulatory Spillovers in Local Mortgage Markets.

Lender Trust and Bank Loan Contracts (2022)
Journal Article
Hagendorff, J., Lim, S., & Nguyen, D. (2023). Lender Trust and Bank Loan Contracts. Management Science, 69(3), 1758-1779. https://doi.org/10.1287/mnsc.2022.4371

We examine the contractual implications of a lender’s trust in corporate loans. We measure how trusting a lender is using the average trust attitude in the chief executive officer’s (CEO) ancestral country of origin. We find that banks with trusting... Read More about Lender Trust and Bank Loan Contracts.

Climate Change Risk and the Cost of Mortgage Credit (2022)
Journal Article
Nguyen, D., Ongena, S., Qi, S., & Sila, V. (2022). Climate Change Risk and the Cost of Mortgage Credit. Review of Finance, 26(6), 1509-1549. https://doi.org/10.1093/rof/rfac013

We show that lenders charge higher interest rates for mortgages on properties exposed to a greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and is not related to borrowers’ short-term realized default or credi... Read More about Climate Change Risk and the Cost of Mortgage Credit.

The Walls Have Ears: Local Information Environments and Corporate Fraud (2021)
Journal Article
Hagendorff, J., Le, N., & Nguyen, D. (2022). The Walls Have Ears: Local Information Environments and Corporate Fraud. Journal of Money, Credit and Banking, 54(8), 2377-2410. https://doi.org/10.1111/jmcb.12906

This paper shows that a firm's likelihood of committing corporate fraud is affected by the local information environment. We use the density of local bank branch networks as a proxy for the local information environment. We show that denser bank bran... Read More about The Walls Have Ears: Local Information Environments and Corporate Fraud.

Misconduct in Banking: The Role of the Board of Directors (2020)
Book Chapter
Nguyen, D., Hagendorff, J., & Eshraghi, A. (2020). Misconduct in Banking: The Role of the Board of Directors. In C. Alexander, & D. Cumming (Eds.), Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation