Alexander Zentefis

Professor Zentefis does research on the market structure of banking and corporate culture. His recent research shows how low equity in the banking sector raises bank market power and disrupts the transmission of monetary policy to the real economy. He earned bachelor’s and master’s degrees from Washington University in St. Louis and a PhD from the University of Chicago.

RESEARCH INTERESTS

• Banking, Culture, Industrial Organization, Asset Pricing

Expertise

• Banking
• Corporate Finance
• Corporate Governance
• Economics
• Financial Crises
• Financial Markets
• Financial Regulation
• Game Theory
• Monetary Policy
• Organizational Behavior

Education

• PhD , Booth School of Business, 2017
• MS , Washington University in St. Louis, 2009
• BS , Washington University in St. Louis, 2009

Companies

• Assistant Professor of Finance Yale School of Management (2017)
• Senior Research Assistant, Capital Markets Federal Reserve Board (2009 — 2011)

Selected Works

Articles

Corporate Culture G. G. Gorton, J. Grennan, and A. K. Zentefis Annual Review of Financial Economics Forthcoming

Bank Net Worth and Frustrated Monetary Policy A. K. Zentefis Journal of Financial Economics Volume 138, Issue 3, pp 687-699 2020

Working Papers

Banking Across America: Distance and Branch Use J. Sakong and A. K. Zentefis 2021

Market Structure Design K. H. Yang and A. K. Zentefis 2021

Corporate Culture as a Theory of the Firm G. B. Gorton and A. K. Zentefis 2020

Arbitrage and Beliefs P. Khorrami and A. K. Zentefis 2021

Social Progress and Corporate Culture G. B. Gorton and A. K. Zentefis 2021

Self-fulfilling Asset Prices A. K. Zentefis 2021

Risk-taking under a Punishing Bailout A. K. Zentefis 2021