My research focuses on entrepreneurship, innovation, and labor and finance on one hand and corporate governance on the other hand. I initially developed my interests in corporate governance in good times, i.e., before the financial crisis, when it is important to make sure that large and mature companies do not expropriate small businesses and that corporate insiders do not pursue private benefits at the expense of outside shareholders as well as stakeholders. But, in bad times of recession and a decade-long stagnation, my interest naturally evolved toward entrepreneurship and innovation. They increase revenue as a means of boosting corporate profits and economic growth, while a well-structured system of governance reduces costs.
I also do research in corporate social responsibility. Financial economists tend to focus on financial markets and large corporations, where agents are more likely to behave the way theories predict and their choices bring about more salient outcomes. However, market participants assume dual roles outside the market and a half of the population do not participate in the market at all. It is important to appreciate the impact of decisions made in and for the market on market participants in non-market positions as well as non-participants.
Other than research, I love spending time with family, playing soccer with friends, and reading ancient histories which have guided my life and research.