Research on the Evolution of Corporate Governance in Private Firms

  1. Does the law and finance hypothesis pass the test of history? Business History 55, no. 3 (2013) (With John D. Turner).
  2. Law and Finance c. 1900. NBER Working Paper Series, No. 16216, July 2010.
  3. [Book] Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882-1950, Cambridge University Press, 2009.
  4. Laws versus Contracts: Legal Origins, Shareholder Protections, and Ownership Concentration in Brazil, 1890-1950, Business History Review 82-3 (Autumn 2008): 445-473
  5. Drawing Links between Corporate Governance and Networks: Bankers in the Corporate Networks of Brazil, Mexico, and the United States circa 1910, Enterprises et Histoire 54-1 (2009): 16-36
  6. Can Civil Law Countries Get Good Institutions? Lessons from the History of Creditor Rights and Bond Markets in Brazil, Journal of Economic History 68- 1 (March 2008): 80-108. *Winner of the Arthur H. Cole Prize for best paper in the Journal of Economic History, 2007-2008
  7. Bankers, Industrialists, and Their Cliques: Elite Networks in Mexico and Brazil during Early Industrialization, Enterprise and Society 8 - 4 (December 2007): 842-880 (With Ian Read)

Research on Colonial Institutions and Long-Run Economic Development in Brazil

  1. A Reassessment of Industrialization in South America: Argentina, Brazil, Chile and Colombia, 1890-2010, in O'Rourke, K.H. and Williamson, J.G. eds., 2017. The Spread of Modern Industry to the Periphery Since 1871. Oxford University Press. Chapter 13.
  2. Colonial Institutions, Trade Shocks, and the Diffusion of Elementary Education in Brazil, 1889-1930,Journal of Economic History, forthcoming September 2014 (with Andre C. Martinez Fritscher and Martina Viarengo)
  3. Endowments, Fiscal Federalism, and the Cost of Capital for States: Evidence from Brazil, 1891-1930,Financial History Review 17, no. 1 (April 2010) (with Andre C. Martinez Fritscher) *Winner of the Gerry Feldman Young Scholar Prize, European Association of Banking and Financial History, 2010-2011
  4. Big BRICs, Weak Foundations: The Beginning of Public Elementary Education in Brazil, Russia, India, and China, Explorations in Economic History 49, no. 2 (April 2012): 221-240 (with Latika Chaudhary, Steven Nafziger, and Se Yan)