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Chenyang Wei

Personal Details

First Name:Chenyang
Middle Name:
Last Name:Wei
Suffix:
RePEc Short-ID:pwe186
http://www.newyorkfed.org/research/economists/wei/index.html

Affiliation

Research and Statistics Group
Federal Reserve Bank of New York

New York City, New York (United States)
http://www.newyorkfed.org/research/

:

33 Liberty Street, New York, NY 10045-0001
RePEc:edi:rfrbnus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Cornette, Marcia Millon & Mehran, Hamid & Pan, Kevin & Phan, Minh & Wei, Chenyang, 2014. "CDS and equity market reactions to stock issuances in the U.S. financial industry: evidence from the 2002-13 period," Staff Reports 697, Federal Reserve Bank of New York, revised 01 Dec 2014.
  2. Anna Kovner & Chenyang Wei, 2012. "The private premium in public bonds," Working Papers 12-7, Federal Reserve Bank of Philadelphia.
  3. Chenyang Wei & David Yermack, 2010. "Deferred compensation, risk, and company value: investor reactions to CEO incentives," Staff Reports 445, Federal Reserve Bank of New York.
  4. Martijn Cremers & Vinay Nair & Chenyang Wei, 2004. "Governance Mechanisms and Bond Prices," Yale School of Management Working Papers amz2484, Yale School of Management, revised 01 Nov 2006.

Articles

  1. Mandel, Benjamin H. & Morgan, Donald P. & Wei, Chenyang, 2012. "The Role of bank credit enhancements in securitization," Economic Policy Review, Federal Reserve Bank of New York, issue 07, pages 35-46.
  2. Chenyang Wei & David Yermack, 2011. "Investor Reactions to CEOs' Inside Debt Incentives," Review of Financial Studies, Society for Financial Studies, vol. 24(11), pages 3813-3840.
  3. Samuel Maurer & Hoai-Luu Nguyen & Asani Sarkar & Chenyang Wei, 2009. "Financial innovation and corporate default rates," Proceedings, Federal Reserve Bank of San Francisco, issue Jan.
    • Samuel Maurer & Luu Nguyen & Asani Sarkar & Chenyang Wei, 2009. "Financial innovation and corporate default rates," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Basel, 26-27 August 2008, volume 31, pages 322-343 Bank for International Settlements.
  4. K.J. Martijn Cremers & Vinay B. Nair & Chenyang Wei, 2007. "Governance Mechanisms and Bond Prices," Review of Financial Studies, Society for Financial Studies, vol. 20(5), pages 1359-1388, 2007 07.

Chapters

  1. Samuel Maurer & Luu Nguyen & Asani Sarkar & Chenyang Wei, 2009. "Financial innovation and corporate default rates," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Basel, 26-27 August 2008, volume 31, pages 322-343 Bank for International Settlements.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Author Profile
    1. The REPEC Fantasy League and My Initial Endowment of Economists
      by Matthew Kahn in Environmental and Urban Economics on 2015-07-26 23:22:00

Working papers

  1. Chenyang Wei & David Yermack, 2010. "Deferred compensation, risk, and company value: investor reactions to CEO incentives," Staff Reports 445, Federal Reserve Bank of New York.

    Cited by:

    1. Patrick Bolton & Hamid Mehran & Joel Shapiro, 2010. "Executive compensation and risk taking," Staff Reports 456, Federal Reserve Bank of New York.
    2. Jens Hilscher & Elif Sisli-Ciamarra, 2011. "Conflicts of interest on corporate boards: The effect of creditor-directors on acquisitions," Working Papers 34, Brandeis University, Department of Economics and International Businesss School.
    3. Feess, Eberhard & Wohlschlegel, Ansgar, 2014. "Bank Capital Requirements and Mandatory Deferral of Compensation," MPRA Paper 59456, University Library of Munich, Germany.
    4. Dietmar P.J. Leisen, 2015. "Dynamic risk taking with bonus schemes," Quantitative Finance, Taylor & Francis Journals, vol. 15(9), pages 1583-1596, September.

  2. Martijn Cremers & Vinay Nair & Chenyang Wei, 2004. "Governance Mechanisms and Bond Prices," Yale School of Management Working Papers amz2484, Yale School of Management, revised 01 Nov 2006.

    Cited by:

    1. Bodnaruk, Andriy & Rossi, Marco, 2016. "Dual ownership, returns, and voting in mergers," Journal of Financial Economics, Elsevier, vol. 120(1), pages 58-80.
    2. Boubakri, Narjess & Ghouma, Hatem, 2010. "Control/ownership structure, creditor rights protection, and the cost of debt financing: International evidence," Journal of Banking & Finance, Elsevier, vol. 34(10), pages 2481-2499, October.
    3. Bhanot, Karan & Mansi, Sattar A. & Wald, John K., 2010. "Takeover risk and the correlation between stocks and bonds," Journal of Empirical Finance, Elsevier, vol. 17(3), pages 381-393, June.
    4. Low, Angie & Makhija, Anil K. & Sanders, Anthony B., 2007. "The Impact of Shareholder Power on Bondholders: Evidence from Mergers and Acquisitions," Working Paper Series 2007-5, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    5. Byrne, Julie & O'Connor, Thomas, 2017. "How do creditors respond to disclosure quality? Evidence from corporate dividend payouts," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 49(C), pages 154-172.
    6. Matt Glendening & Inder K. Khurana & Wei Wang, 2016. "The market for corporate control and dividend policies: Cross-country evidence from M&A laws," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(9), pages 1106-1134, December.
    7. Fang, Yiwei & Francis, Bill & Hasan, Iftekhar & Wang, Haizhi, 2011. "Product market relationships and cost of bank loans : evidence from strategic alliances," Research Discussion Papers 4/2011, Bank of Finland.
    8. Chen, Dong, 2012. "Classified boards, the cost of debt, and firm performance," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3346-3365.
    9. Mansi, Sattar A. & Wald, John K. & Zhang, Andrew (Jianzhong), 2016. "Severance agreements and the cost of debt," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 426-444.
    10. Sattar A. Mansi & William F. Maxwell & John K. Wald, 2009. "Creditor Protection Laws and the Cost of Debt," Journal of Law and Economics, University of Chicago Press, vol. 52(4), pages 701-717, November.
    11. Podolski, Edward J. & Truong, Cameron & Veeraraghavan, Madhu, 2016. "Cash holdings and bond returns around takeovers," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 1-11.
    12. Huang, Kershen & Petkevich, Alex, 2016. "Corporate bond pricing and ownership heterogeneity," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 54-74.
    13. Kim, Woochan & Kim, Woojin & Kwon, Kap-Sok, 2009. "Value of outside blockholder activism: Evidence from the switchers," Journal of Corporate Finance, Elsevier, vol. 15(4), pages 505-522, September.
    14. Bradley, Daniel & Pantzalis, Christos & Yuan, Xiaojing, 2016. "Policy risk, corporate political strategies, and the cost of debt," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 254-275.
    15. Lin, Chen & Ma, Yue & Malatesta, Paul & Xuan, Yuhai, 2011. "Ownership structure and the cost of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 100(1), pages 1-23, April.
    16. Minnick, Kristina, 2011. "The role of corporate governance in the write-off decision," Review of Financial Economics, Elsevier, vol. 20(4), pages 130-145.
    17. Liu, Yixin & Jiraporn, Pornsit, 2010. "The effect of CEO power on bond ratings and yields," Journal of Empirical Finance, Elsevier, vol. 17(4), pages 744-762, September.
    18. Lookman, Aziz A., 2009. "Bank borrowing and corporate risk management," Journal of Financial Intermediation, Elsevier, vol. 18(4), pages 632-649, October.
    19. King, Tao-Hsien Dolly & Wen, Min-Ming, 2011. "Shareholder governance, bondholder governance, and managerial risk-taking," Journal of Banking & Finance, Elsevier, vol. 35(3), pages 512-531, March.
    20. Takanori Tanaka, 2011. "Corporate Governance and the Costs of Public Debt Financing: Evidence from Japan," Discussion Papers in Economics and Business 11-35, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    21. Liu, Liang-Chih & Dai, Tian-Shyr & Wang, Chuan-Ju, 2016. "Evaluating corporate bonds and analyzing claim holders’ decisions with complex debt structure," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 151-174.
    22. Rose, Morgan J., 2009. "Heterogeneous impacts of staggered boards by ownership concentration," Journal of Corporate Finance, Elsevier, vol. 15(1), pages 113-128, February.
    23. Jun, Sang-gyung & Jung, Mookwon & Walkling, Ralph A., 2009. "Share repurchase, executive options and wealth changes to stockholders and bondholders," Journal of Corporate Finance, Elsevier, vol. 15(2), pages 212-229, April.
    24. Switzer, Lorne N. & Wang, Jun, 2017. "Institutional investment horizon, the information environment, and firm credit risk," Journal of Financial Stability, Elsevier, vol. 29(C), pages 57-71.
    25. Ludivine Chalençon, 2011. "La Performance des Fusions-Acquisitions : une Revue de la Littérature," Post-Print halshs-00690634, HAL.
    26. Lugo, Stefano, 2014. "Discretionary ratings and the pricing of subprime mortgage-backed securities," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 248-260.
    27. Byers, Steven S. & Fields, L. Paige & Fraser, Donald R., 2008. "Are corporate governance and bank monitoring substitutes: Evidence from the perceived value of bank loans," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 475-483, September.
    28. Wang, Ashley W. & Zhang, Gaiyan, 2009. "Institutional ownership and credit spreads: An information asymmetry perspective," Journal of Empirical Finance, Elsevier, vol. 16(4), pages 597-612, September.
    29. Sokolyk, Tatyana, 2011. "The effects of antitakeover provisions on acquisition targets," Journal of Corporate Finance, Elsevier, vol. 17(3), pages 612-627, June.
    30. Chakravarty, Sugato & Chiyachantana, Chiraphol N. & Jiang, Christine, 2004. "The Choice of Trading Venue and Relative Price Impact of Institutional Trading: ADRs versus the Underlying Securities in their Local Markets," Purdue University Economics Working Papers 1172, Purdue University, Department of Economics.
    31. Gu, Xian & Kowalewski, Oskar, 2014. "Law and structure of the capital markets," MPRA Paper 61003, University Library of Munich, Germany, revised 2014.
    32. Chakravarty, Sugato & Rutherford, Leann G., 2017. "Do busy directors influence the cost of debt? An examination through the lens of takeover vulnerability," Journal of Corporate Finance, Elsevier, vol. 43(C), pages 429-443.
    33. Giofré, Maela/M., 2009. "Investor protection and foreign stakeholders," MPRA Paper 20238, University Library of Munich, Germany, revised Jan 2010.
    34. Bulan, Laarni & Hull, Tyler, 2013. "The impact of technical defaults on dividend policy," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 814-823.
    35. Tang, Tony T., 2009. "Information asymmetry and firms' credit market access: Evidence from Moody's credit rating format refinement," Journal of Financial Economics, Elsevier, vol. 93(2), pages 325-351, August.
    36. Najah Attig & Sadok El Ghoul & Omrane Guedhami & Sorin Rizeanu, 2013. "The governance role of multiple large shareholders: evidence from the valuation of cash holdings," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 419-451, May.
    37. Konijn, Sander J.J. & Kräussl, Roman & Lucas, Andre, 2011. "Blockholder dispersion and firm value," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1330-1339.
    38. Daines, Robert M. & Gow, Ian D. & Larcker, David F., 2010. "Rating the ratings: How good are commercial governance ratings?," Journal of Financial Economics, Elsevier, vol. 98(3), pages 439-461, December.
    39. Tanaka, Takanori, 2016. "How do managerial incentives affect the maturity structure of corporate public debt?," Pacific-Basin Finance Journal, Elsevier, vol. 40(PA), pages 130-146.
    40. Akdoğu, Evrim & Alp, Aysun, 2016. "Credit risk and governance: Evidence from credit default swap spreads," Finance Research Letters, Elsevier, vol. 17(C), pages 211-217.
    41. Yongheng Deng & Erik Devos & Shofiqur Rahman & Desmond Tsang, 2016. "The Role of Debt Covenants in the Investment Grade Bond Market – The REIT Experiment," The Journal of Real Estate Finance and Economics, Springer, vol. 52(4), pages 428-448, May.
    42. Javeria Farooqi & Surendranath Jory & Thanh Ngo, 2017. "Institutional investors’ activism and credit ratings," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(1), pages 51-77, January.
    43. Qiu, Jiaping & Yu, Fan, 2009. "The market for corporate control and the cost of debt," Journal of Financial Economics, Elsevier, vol. 93(3), pages 505-524, September.
    44. Andersen, Asger Lau & Lassen, David Dreyer & Nielsen, Lasse Holbøll Westh, 2014. "The impact of late budgets on state government borrowing costs," Journal of Public Economics, Elsevier, vol. 109(C), pages 27-35.
    45. Forssbæck, Jens, 2011. "Ownership structure, market discipline, and banks' risk-taking incentives under deposit insurance," Journal of Banking & Finance, Elsevier, vol. 35(10), pages 2666-2678, October.
    46. Gropp, Reint & Hirsch, Christian & Krahnen, Jan Pieter, 2011. "Is rated debt arm's length? Evidence from mergers and acquisitions," CFS Working Paper Series 2011/10, Center for Financial Studies (CFS).
    47. Ertugrul, Mine & Hegde, Shantaram, 2008. "Board compensation practices and agency costs of debt," Journal of Corporate Finance, Elsevier, vol. 14(5), pages 512-531, December.
    48. Giofré, Maela, 2013. "Investor protection rights and foreign investment," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 506-526.
    49. Francis, Bill B. & Hasan, Iftekhar & John, Kose & Waisman, Maya, 2010. "The effect of state antitakeover laws on the firm's bondholders," Journal of Financial Economics, Elsevier, vol. 96(1), pages 127-154, April.
    50. Chen, Jun & King, Tao-Hsien Dolly, 2014. "Corporate hedging and the cost of debt," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 221-245.
    51. Tsung-Kang Chen & Hsien-Hsing Liao & Hsiao-Chun Huang, 2014. "Macroeconomic risks of supply chain counterparties and corporate bond yield spreads," Review of Quantitative Finance and Accounting, Springer, vol. 43(3), pages 463-481, October.
    52. Paige Fields, L. & Fraser, Donald R. & Subrahmanyam, Avanidhar, 2012. "Board quality and the cost of debt capital: The case of bank loans," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1536-1547.
    53. Huang, Yu-Li & Shen, Chung-Hua, 2015. "Cross-country variations in capital structure adjustment—The role of credit ratings," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 277-294.
    54. Tanaka, Takanori, 2014. "Corporate governance and the cost of public debt financing: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 315-335.
    55. Rahaman, Mohammad M. & Zaman, Ashraf Al, 2013. "Management quality and the cost of debt: Does management matter to lenders?," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 854-874.
    56. Schauten, M.B.J. & van Dijk, D.J.C., 2010. "Corporate Governance and the Cost of Debt of Large European Firms," ERIM Report Series Research in Management ERS-2010-025-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    57. Thomas O'Connor & Julie Byrne, 2017. "How do creditors respond to disclosure quality? Evidence from corporate dividend payouts," Economics, Finance and Accounting Department Working Paper Series n278-17.pdf, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
    58. Prommin, Panu & Jumreornvong, Seksak & Jiraporn, Pornsit, 2014. "The effect of corporate governance on stock liquidity: The case of Thailand," International Review of Economics & Finance, Elsevier, vol. 32(C), pages 132-142.
    59. Meneghetti, Costanza, 2012. "Managerial Incentives and the Choice between Public and Bank Debt," Journal of Corporate Finance, Elsevier, vol. 18(1), pages 65-91.
    60. Jiraporn, Pornsit & Kim, Jang-Chul & Kim, Young Sang & Kitsabunnarat, Pattanaporn, 2012. "Capital structure and corporate governance quality: Evidence from the Institutional Shareholder Services (ISS)," International Review of Economics & Finance, Elsevier, vol. 22(1), pages 208-221.
    61. Waisman, Maya, 2013. "Product market competition and the cost of bank loans: Evidence from state antitakeover laws," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 4721-4737.
    62. Dror Parnes, 2011. "Corporate Governance and Corporate Creditworthiness," Journal of Risk and Financial Management, MDPI, Open Access Journal, vol. 4(1), pages 1-42, December.
    63. Teodora Paligorova & Jun Yang, 2014. "Corporate Governance, Product Market Competition and Debt Financing," Staff Working Papers 14-5, Bank of Canada.

Articles

  1. Mandel, Benjamin H. & Morgan, Donald P. & Wei, Chenyang, 2012. "The Role of bank credit enhancements in securitization," Economic Policy Review, Federal Reserve Bank of New York, issue 07, pages 35-46.

    Cited by:

    1. Tobias Adrian & Adam B. Ashcraft, 2012. "Shadow banking: a review of the literature," Staff Reports 580, Federal Reserve Bank of New York.
    2. Ameha Tefera Tessema & Jan Walters Kruger, 2017. "An Improvement on An Interest Rate Commission Agent Banking System Model (AIRCABS Model)," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 685-705.
    3. Flore, Raphael, 2015. "Causes of Shadow Banking - Two Regimes of Credit Risk Transformation and its Regulation," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113178, Verein für Socialpolitik / German Economic Association.
    4. Tobias Adrian & Adam B. Ashcraft & Nicola Cetorelli, 2013. "Shadow bank monitoring," Staff Reports 638, Federal Reserve Bank of New York.
    5. Sarkisyan, Anna & Casu, Barbara, 2013. "Retained interests in securitisations and implications for bank solvency," Working Paper Series 1538, European Central Bank.

  2. Chenyang Wei & David Yermack, 2011. "Investor Reactions to CEOs' Inside Debt Incentives," Review of Financial Studies, Society for Financial Studies, vol. 24(11), pages 3813-3840.

    Cited by:

    1. Alex Edmans & Xavier Gabaix, 2015. "Executive Compensation: A Modern Primer," NBER Working Papers 21131, National Bureau of Economic Research, Inc.

  3. K.J. Martijn Cremers & Vinay B. Nair & Chenyang Wei, 2007. "Governance Mechanisms and Bond Prices," Review of Financial Studies, Society for Financial Studies, vol. 20(5), pages 1359-1388, 2007 07.
    See citations under working paper version above.

Chapters

    Sorry, no citations of chapters recorded.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 4 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-FMK: Financial Markets (2) 2012-03-21 2014-11-12
  2. NEP-BEC: Business Economics (1) 2010-06-04
  3. NEP-CFN: Corporate Finance (1) 2014-11-12
  4. NEP-LAB: Labour Economics (1) 2010-06-04

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