Thea Kolasa

Corporate Finance, Sustainable Finance, Development Finance

Kolasa, T. (2026). Bottleneck Risk: The Impact of Approval Times on Investment. Job Market Paper
Erlandsen, S., Garcia-Appendini, E., & Kolasa, T. (2025). The Ratchet Effect of Climate Investments. Working Paper.
Humphrey, C., Kolasa, T., & Ongena, S. (2024). Multilateral Development Bank Bonds. Working Paper. Retrieved from http://dx.doi.org/10.2139/ssrn.5034542.
Humphrey, C., Kolasa, T., & Ongena, S. (2024). The Resilience of MDB Bonds to Credit Rating Downgrades. Working Paper. Retrieved from http://dx.doi.org/10.2139/ssrn.5034733.

My research studies how firms decide which investment opportunities to pursue and which to abandon. I examine how regulatory constraints and financial conditions shape these decisions, with a particular focus on energy markets and the energy transition. Thus, my work seeks to understand how frictions in the investment process shape the pace and composition of capital formation.