Contact
Assistant Professor, Alberta School of Business - Department of Finance
- sraina@ualberta.ca
- Phone
- (780) 492-7598
- Address
-
2-32J Business Building
11203 Saskatchewan Drive NWEdmonton ABT6G 2R6
Scholarly Activities
Research - Ultimate ownership and bank competition (with José Azar and Martin Schmalz)
Ended: 2016
We examine whether variation in bank concentration helps explain variation in deposit account prices such as interest rates, maintenance fees, and fee thresholds. The standard measure of concentration, the HHI, is not correlated with any of the outcome variables. A generalized HHI (GHHI) that captures both common ownership and cross-ownership is strongly correlated with higher maintenance fees, fee thresholds, and deposit rate spreads. We use the growth of index funds as a source of variation to suggest a causal link from GHHI to higher prices for banking products.
Research - VC financing and the entrepreneurship gender gap
Ended: 2016
Female-led firms do not perform as well as male-led firms when financed by venture capital (VC). Does interaction with venture capitalists contribute to this gender gap in performance? I find a large performance gender gap among firms financed by syndicates with only male GPs but no such gap among firms financed by syndicates that include female GPs. The disparity is solely due to improved performance among female-led firms. This suggests that VC gender composition has contributed strongly to the performance gap between female- and male-led firms.
Featured Publications
Ing-Haw Cheng, Sahil Raina, and Wei Xiong
American Economic Review. 2014 January;