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Sudheer Chava

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.

Working papers

  1. Agam Shah & Arnav Hiray & Pratvi Shah & Arkaprabha Banerjee & Anushka Singh & Dheeraj Eidnani & Sahasra Chava & Bhaskar Chaudhury & Sudheer Chava, 2024. "Numerical Claim Detection in Finance: A New Financial Dataset, Weak-Supervision Model, and Market Analysis," Papers 2402.11728, arXiv.org, revised Oct 2024.

    Cited by:

    1. Anne Lundgaard Hansen, 2026. "Validating Large Language Model Annotations," Finance and Economics Discussion Series 2026-020, Board of Governors of the Federal Reserve System (U.S.).

  2. Mingxiao Song & Yunsong Liu & Agam Shah & Sudheer Chava, 2023. "Abnormal Trading Detection in the NFT Market," Papers 2306.04643, arXiv.org, revised Aug 2023.

    Cited by:

    1. Wang, Shirui & Cheng, Nieyan & Zhang, Tianyang, 2025. "Wash trading and insider sales in NFT markets," Journal of Banking & Finance, Elsevier, vol. 180(C).

  3. Agam Shah & Sudheer Chava, 2023. "Zero is Not Hero Yet: Benchmarking Zero-Shot Performance of LLMs for Financial Tasks," Papers 2305.16633, arXiv.org.

    Cited by:

    1. Ali Abir Shuvro & Md Shahriar Islam Bhuiyan & Faisal Hussain & Md Sakhawat Hossen, 2025. "Zero-shot performance analysis of large language models in sumrate maximization," PLOS ONE, Public Library of Science, vol. 20(8), pages 1-12, August.

  4. Agam Shah & Suvan Paturi & Sudheer Chava, 2023. "Trillion Dollar Words: A New Financial Dataset, Task & Market Analysis," Papers 2305.07972, arXiv.org.

    Cited by:

    1. Kwok Ping Tsang & Zichao Yang, 2023. "Agree to Disagree: Measuring Hidden Dissent in FOMC Meetings," Papers 2308.10131, arXiv.org, revised Oct 2025.
    2. Boris Hofmann & Xiaorui Tang & Feng Zhu, 2025. "Central bank and media sentiment on central bank digital currency: an international perspective," BIS Working Papers 1279, Bank for International Settlements.
    3. Marcus Buckmann & Ed Hill, 2025. "Improving text classification: logistic regression makes small LLMs strong and explainable ‘tens-of-shot’ classifiers," Bank of England Staff Working Paper series 1127, Bank of England.
    4. Yuqi Nie & Yaxuan Kong & Xiaowen Dong & John M. Mulvey & H. Vincent Poor & Qingsong Wen & Stefan Zohren, 2024. "A Survey of Large Language Models for Financial Applications: Progress, Prospects and Challenges," Papers 2406.11903, arXiv.org.

  5. Ramit Sawhney & Shivam Agarwal & Vivek Mittal & Paolo Rosso & Vikram Nanda & Sudheer Chava, 2022. "Cryptocurrency Bubble Detection: A New Stock Market Dataset, Financial Task & Hyperbolic Models," Papers 2206.06320, arXiv.org.

    Cited by:

    1. Muhammad Jawad & Sidra Nazir & Md. Saiful Islam, 2025. "Examining exchange rate bubbles in Pakistan: application of sequential ADF tests," SN Business & Economics, Springer, vol. 5(9), pages 1-24, September.
    2. Nobanee, Haitham & Ellili, Nejla Ould Daoud, 2023. "What do we know about meme stocks? A bibliometric and systematic review, current streams, developments, and directions for future research," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 589-602.
    3. Anubhav Sarkar & Swagata Chakraborty & Sohom Ghosh & Sudip Kumar Naskar, 2022. "Evaluating Impact of Social Media Posts by Executives on Stock Prices," Papers 2211.01287, arXiv.org, revised Dec 2022.
    4. Wu, Zewen, 2024. "Are we in a bubble? Financial vulnerabilities in semiconductor, Web3, and genetic engineering markets," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 32-44.

  6. Sudheer Chava & Alexander Oettl & Manpreet Singh & Linghang Zeng, 2022. "Creative Destruction? Impact of E-Commerce on the Retail Sector," NBER Working Papers 30077, National Bureau of Economic Research, Inc.

    Cited by:

    1. Sumit Agarwal & Wenlan Qian & Yuan Ren & Hsin-Tien Tsai & Bernard Yeung, 2026. "The Real Impact of FinTech: Evidence from Mobile Payment Technology," Management Science, INFORMS, vol. 72(5), pages 3804-3825, May.
    2. Amir Forouhar & Karen Chapple & Jeff Allen & Byeonghwa Jeong & Julia Greenberg, 2025. "Assessing downtown recovery rates and determinants in North American cities after the COVID-19 pandemic," Urban Studies, Urban Studies Journal Limited, vol. 62(6), pages 1209-1231, May.
    3. Chung, Jamie, 2023. "The spillover effect of E-commerce on local retail real estate markets," Regional Science and Urban Economics, Elsevier, vol. 101(C).
    4. Joyendu Bhadury & H. A. Eiselt, 2025. "Location and Price Competition on a Uniform Path with Different Pricing Policies," Networks and Spatial Economics, Springer, vol. 25(2), pages 289-329, June.

  7. Emmanuel Alanis & Sudheer Chava & Agam Shah, 2022. "Benchmarking Machine Learning Models to Predict Corporate Bankruptcy," Papers 2212.12051, arXiv.org.

    Cited by:

    1. Ross Koval & Nicholas Andrews & Xifeng Yan, 2025. "Context-Aware Language Models for Forecasting Market Impact from Sequences of Financial News," Papers 2509.12519, arXiv.org.
    2. Agam Shah & Suvan Paturi & Sudheer Chava, 2023. "Trillion Dollar Words: A New Financial Dataset, Task & Market Analysis," Papers 2305.07972, arXiv.org.

  8. Sudheer Chava & Alexander Oettl & Manpreet Singh, 2019. "Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?," NBER Working Papers 26523, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lu, Bing & Yang, Xu & Yu, Xinding, 2025. "Minimum wage, foreign firm exit and export: Heterogeneity in investment motivation," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 948-970.
    2. R. Glenn Hubbard & Michael R. Strain, 2020. "Has the Paycheck Protection Program Succeeded?," NBER Working Papers 28032, National Bureau of Economic Research, Inc.
    3. Xiang, Junyi & Zhu, Ling & Kong, Dongmin, 2023. "Labor cost and corporate tax avoidance," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 338-358.
    4. Huang, Yuhong & Cai, Hui, 2026. "Minimum wage and enterprise digital transformation: Evidence from China," Economic Modelling, Elsevier, vol. 155(C).
    5. Alexandre, F. & Bação, P. & Cerejeira, J. & Costa, H. & Portela, M., 2022. "Minimum wage and financially distressed firms: Another one bites the dust," Labour Economics, Elsevier, vol. 74(C).
    6. Liu, Guanchun & Liu, Yuanyuan & Zhang, Chengsi & Zhu, Yueteng, 2021. "Social insurance law and corporate financing decisions in China," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 816-837.
    7. Drucker, Lev & Mazirov, Katya & Neumark, David, 2021. "Who pays for and who benefits from minimum wage increases? Evidence from Israeli tax data on business owners and workers," Journal of Public Economics, Elsevier, vol. 199(C).
    8. Priyaranjan Jha & Antonio Rodriguez-Lopez, 2021. "Minimum Wage and Employer Variety," CESifo Working Paper Series 9312, CESifo.
    9. Deng, Lixing & Lai, Shaojie & Liu, Shiang & Pu, Xiaoling, 2022. "Social insurance premiums and corporate cash holdings: Evidence from social insurance law in China," Economic Modelling, Elsevier, vol. 114(C).
    10. Liu, Guanchun & Liu, Yuanyuan & Zhang, Chengsi, 2022. "Tax enforcement and corporate employment: Evidence from a quasi-natural experiment in China," China Economic Review, Elsevier, vol. 73(C).
    11. Cheraghali, Hamid & Molnár, Peter, 2026. "Predictors of financial distress: Differences between financial and non-financial small and medium-sized enterprises," Research in International Business and Finance, Elsevier, vol. 84(C).

  9. Sudheer Chava & Amiyatosh Purnanandam, 2006. "The effect of a banking crisis on bank-dependent borrowers," Proceedings 1030, Federal Reserve Bank of Chicago.

    Cited by:

    1. Bampinas, Georgios & Blomkvist, Magnus & Demetriades, Elias & Politsidis, Panagiotis N., 2025. "The flight home effect during the COVID-19 pandemic: Evidence from syndicated loans," Journal of Financial Stability, Elsevier, vol. 76(C).
    2. Kavussanos, Manolis G. & Tsouknidis, Dimitris A., 2016. "Default risk drivers in shipping bank loans," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 94(C), pages 71-94.
    3. Marina Maniati & Evangelos Sambracos, 2017. "Decision-making process in shipping finance: A stochastic approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1317083-131, January.
    4. Vithessonthi, Chaiporn & Tongurai, Jittima, 2016. "Financial markets development, business cycles, and bank risk in South America," Research in International Business and Finance, Elsevier, vol. 36(C), pages 472-484.
    5. Thorsten Beck & Robin Döttling & Thomas Lambert & Mathijs Dijk, 2023. "Liquidity creation, investment, and growth," Journal of Economic Growth, Springer, vol. 28(2), pages 297-336, June.
    6. Nada Mora & Andrew Logan, 2012. "Shocks to bank capital: evidence from UK banks at home and away," Applied Economics, Taylor & Francis Journals, vol. 44(9), pages 1103-1119, March.
    7. Urooj Khan & Alvis K. Lo, 2019. "Bank Lending Standards and Borrower Accounting Conservatism," Management Science, INFORMS, vol. 65(11), pages 5337-5359, November.
    8. Hartarska, Valentina & Nadolnyak, Denis & Chen, Rui, 2025. "Banking crises and the performance of microfinance institutions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 102(C).
    9. David P. Glancy, 2017. "Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks," Finance and Economics Discussion Series 2017-118, Board of Governors of the Federal Reserve System (U.S.).
    10. Garel, Alexandre & Martín-Flores, José M. & Petit-Romec, Arthur, 2020. "Stock market listing and the persistence of bank performance across crises," Journal of Banking & Finance, Elsevier, vol. 118(C).
    11. Kraemer-Eis, Helmut & Passaris, George & Tappi, Alessandro, 2013. "SME Loan Securitisation 2.0: Market Assessment and Policy Options," EIF Working Paper Series 2013/19, European Investment Fund (EIF).
    12. Berger, Allen N. & Bouwman, Christa H.S. & Norden, Lars & Roman, Raluca A. & Udell, Gregory F. & Wang, Teng, 2025. "Is a friend in need a friend indeed? How relationship borrowers fare during the COVID-19 crisis," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    13. Sorokina, Nonna & Thornton, John H., 2016. "Reactions of equity markets to recent financial reforms," Journal of Economics and Business, Elsevier, vol. 87(C), pages 50-69.
    14. Abad, P. & Ferreras, R. & Robles, M.D., 2020. "Intra-industry transfer effects of credit risk news: Rated versus unrated rivals," The British Accounting Review, Elsevier, vol. 52(1).
    15. Stine Louise von Rüden & Marti G Subrahmanyam & Dragon Yongjun Tang & Sarah Qian Wang, 2023. "Can Central Banks Boost Corporate Investment? Evidence from ECB Liquidity Injections," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(2), pages 402-442.
    16. Carlo Altavilla & Marco Pagano & Saverio Simonelli, 2017. "Bank Exposures and Sovereign Stress Transmission," Review of Finance, European Finance Association, vol. 21(6), pages 2103-2139.
    17. Shikimi, Masayo & Yamada, Kazuo, 2019. "Trade and financial channels as the transmission mechanism of the financial crisis," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 364-381.
    18. Filippo De Marco, 2017. "Bank Lending and the European Sovereign Debt Crisis," Working Papers 213, Oesterreichische Nationalbank (Austrian Central Bank).
    19. Wei, Xin & Liu, Xi & Zhang, Xueyong, 2022. "Shadow banking and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    20. Chiu, Wan-Chien & King, Tao-Hsien Dolly & Wang, Chih-Wei, 2021. "Debt maturity dispersion and the cost of bank loans," Journal of Corporate Finance, Elsevier, vol. 70(C).
    21. Ćehajić, Aida & Košak, Marko, 2022. "Bank lending and small and medium-sized enterprises’ access to finance – Effects of macroprudential policies," Journal of International Money and Finance, Elsevier, vol. 124(C).
    22. Gopalakrishnan, Balagopal & Jacob, Joshy & Mohapatra, Sanket, 2021. "Government responses, business continuity, and management sentiment: Impact on debt financing during COVID-19," IIMA Working Papers WP 2021-04-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    23. Kazuo Yamada, 2013. "How bank health affects the capital structure and performance of IPO firms: evidence from the Japanese financial crisis in the 1990s," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 24, pages 552-568, Edward Elgar Publishing.
    24. Ferrando, Annalisa & Popov, Alexander & Udell, Gregory F., 2017. "Sovereign stress and SMEs’ access to finance: Evidence from the ECB's SAFE survey," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 65-80.
    25. Acharya, Viral & Almeida, Heitor & Ippolito, Filippo & Orive, Ander Perez, 2020. "Bank lines of credit as contingent liquidity: Covenant violations and their implications," Journal of Financial Intermediation, Elsevier, vol. 44(C).
    26. Kaoru Hosono & Miho Takizawa & Kotaro Tsuru, 2016. "International Transmission of the 2007–2009 Financial Crisis: Evidence from Japan," The Japanese Economic Review, Springer, vol. 67(3), pages 295-328, September.
    27. Wang, Chien-An & Shen, Chung-Hua, 2012. "Decoupling the distressed banks and their clients, and coupling the distressed firms and their lending banks," Pacific-Basin Finance Journal, Elsevier, vol. 20(3), pages 483-505.
    28. Amador, João & Nagengast, Arne J., 2016. "The effect of bank shocks on firm-level and aggregate investment," Discussion Papers 20/2016, Deutsche Bundesbank.
    29. Florin Paul Costel LILEA & Alexandru MANOLE & Mugurel POPOVICI & Emilia STANCIU, 2017. "Analyzing the role of commercial banks in the absorption of European funds," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(5), pages 243-255, May.
    30. Popov, Alexander & Udell, Gregory F., 2010. "Cross-border banking and the international transmission of financial distress during the crisis of 2007-2008," Working Paper Series 1203, European Central Bank.
    31. Ozili, Peterson K, 2024. "Causes and consequences of the 2023 banking crisis," MPRA Paper 120153, University Library of Munich, Germany.
    32. Luong, Thanh Son & Qiu, Buhui & Wu, Yi (Ava), 2021. "Does it pay to be socially connected with wall street brokerages? Evidence from cost of equity," Journal of Corporate Finance, Elsevier, vol. 68(C).
    33. Guglielmo Maria Caporale & Suman Lodh & Monomita Nandy, 2015. "How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets? Evidence from China," Discussion Papers of DIW Berlin 1481, DIW Berlin, German Institute for Economic Research.
    34. Fan, Pengda & Uchida, Konari, 2019. "Credit crunch and timing of initial public offerings," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 22-39.
    35. Akbar, Saeed & Rehman, Shafiq ur & Liu, Jia & Shah, Syed Zulfiqar Ali, 2017. "Credit supply constraints and financial policies of listed companies during the 2007–2009 financial crisis," Research in International Business and Finance, Elsevier, vol. 42(C), pages 559-571.
    36. Hetland, Ove Rein & Mjøs, Aksel, 2012. "Credit supply shocks, financial constraints and investments for small and medium-sized firms," Discussion Papers 2012/11, Norwegian School of Economics, Department of Business and Management Science, revised 30 Mar 2018.
    37. Priyank Gandhi, 2018. "The relation between bank credit growth and the expected returns of bank stocks," European Financial Management, European Financial Management Association, vol. 24(4), pages 610-649, September.
    38. von Beschwitz, Bastian, 2018. "Cash windfalls and acquisitions," Journal of Financial Economics, Elsevier, vol. 128(2), pages 287-319.
    39. Albaity, Mohamed & Noman, Abu Hanifa Md. & Saadaoui Mallek, Ray & Al-Shboul, Mohammad, 2022. "Cyclicality of bank credit growth: Conventional vs Islamic banks in the GCC," Economic Systems, Elsevier, vol. 46(1).
    40. de Haas, Ralph & Korniyenko, Y. & Pivovarsky, A. & Tsankova, Teodora, 2015. "Taming the herd? : Foreign banks, the Vienna Initiative and crisis transmission," Other publications TiSEM 20625c97-14e9-4116-96d3-d, Tilburg University, School of Economics and Management.
    41. Dwenger, Nadja & Fossen, Frank M. & Simmler, Martin, 2015. "From financial to real economic crisis: Evidence from individual firm-bank relationships in Germany," Discussion Papers 2015/28, Free University Berlin, School of Business & Economics.
    42. Borchert, Lea & de Haas, Ralph & Kirschenmann, Karolin & Schultz, Alison, 2024. "Broken relationships: De-risking by correspondent banks and international trade," BOFIT Discussion Papers 10/2024, Bank of Finland Institute for Emerging Economies (BOFIT).
    43. Fan Liang, 2026. "Adverse Selection and Small Business Finances," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 61, August.
    44. Philip Strahan, 2008. "Liquidity Production in 21st Century Banking," NBER Working Papers 13798, National Bureau of Economic Research, Inc.
    45. Berg, Tobias & Reisinger, Markus & Streitz, Daniel, 2021. "Spillover effects in empirical corporate finance," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1109-1127.
    46. Norden, Lars & Udell, Gregory F. & Wang, Teng, 2020. "Do bank bailouts affect the provision of trade credit?11All errors are our own. The views expressed in this paper are solely those of the authors and should not be interpreted as reflecting the views of the Board of Governors or the staff of the Fede," Journal of Corporate Finance, Elsevier, vol. 60(C).
    47. Bo Becker & Victoria Ivashina, 2011. "Cyclicality of Credit Supply: Firm Level Evidence," NBER Working Papers 17392, National Bureau of Economic Research, Inc.
    48. Akdoğu, Evrim & Alp Paukowits, Aysun, 2022. "Supply of credit and corporate bond covenants," Journal of Corporate Finance, Elsevier, vol. 72(C).
    49. Garel, Alexandre & Petit-Romec, Arthur, 2017. "Bank capital in the crisis: It's not just how much you have but who provides it," Journal of Banking & Finance, Elsevier, vol. 75(C), pages 152-166.
    50. Mazumder, Sharif & Rao, Ramesh, 2023. "Social trust and the choice between bank debt and public debt: Evidence from international data," Journal of Multinational Financial Management, Elsevier, vol. 67(C).
    51. Lončarski, Igor & Marinč, Matej, 2020. "The political economy of relationship banking," Research in International Business and Finance, Elsevier, vol. 51(C).
    52. Huynh, Japan, 2024. "Banking uncertainty and cash conversion cycle," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    53. Paula Garda & Volker Ziemann, 2014. "Economic Policies and Microeconomic Stability: A Literature Review and Some Empirics," OECD Economics Department Working Papers 1115, OECD Publishing.
    54. Faleye, Olubunmi & Krishnan, Karthik, 2017. "Risky lending: Does bank corporate governance matter?," Journal of Banking & Finance, Elsevier, vol. 83(C), pages 57-69.
    55. Bucă, Andra & Vermeulen, Philip, 2017. "Corporate investment and bank-dependent borrowers during the recent financial crisis," Journal of Banking & Finance, Elsevier, vol. 78(C), pages 164-180.
    56. Berg, Tobias & Saunders, Anthony & Schäfer, Larissa & Steffen, Sascha, 2021. "Brexit and the contraction of syndicated lending," Journal of Financial Economics, Elsevier, vol. 141(1), pages 66-82.
    57. Rehbein, Oliver, 2018. "Flooded through the back door: Firm-level effects of banks' lending shifts," IWH Discussion Papers 4/2018, Halle Institute for Economic Research (IWH).
    58. Giovanni Ferri & Pierluigi Murro & Valentina Peruzzi & Zeno Rotondi, 2017. "Bank lending technologies and credit availability in Europe. What can we learn from the crisis?," Mo.Fi.R. Working Papers 135, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    59. Ongena, S. & Peydro, J.L. & van Horen, N., 2013. "Shocks Abroad, Pain at Home? Bank-firm Level Evidence on the International Transmission of Financial Shocks," Other publications TiSEM 74a6ead6-0e8d-4843-91c0-0, Tilburg University, School of Economics and Management.
    60. Sergio Mayordomo & María Rodríguez-Moreno, 2017. "Did the bank capital relief induced by the supporting factor enhance SME lending?," Working Papers 1746, Banco de España.
    61. Tetsuji Okazaki & Toshihiro Okubo & Eric Strobl, 2021. "The Bright and Dark Side of Financial Support from Local and Central Banks after a Natural Disaster: Evidence from the Great Kanto Earthquake, 1923 Japan," CIGS Working Paper Series 21-001E, The Canon Institute for Global Studies.
    62. Smolyansky, Michael, 2019. "Policy externalities and banking integration," Journal of Financial Economics, Elsevier, vol. 132(3), pages 118-139.
    63. Allen, Franklin & Qian, Jun & Carletti, Elena & Valenzuela, Patricio, 2012. "Financial Intermediation, Markets, and Alternative Financial Sectors," Working Papers 12-05, University of Pennsylvania, Wharton School, Weiss Center.
    64. Jiang, Shuyi & Li, Jay Y., 2022. "He who lends knows," Journal of Banking & Finance, Elsevier, vol. 138(C).
    65. Huaming Du & Cancan Feng & Yuqian Lei & Chenyang Zhang & Guisong Liu & Gang Kou & Carl Yang & Yu Zhao, 2022. "A Comprehensive Survey on Enterprise Financial Risk Analysis from Big Data and LLMs Perspective," Papers 2211.14997, arXiv.org, revised Mar 2026.
    66. Li, Youwei & Liao, Ming & Liu, Yangke, 2023. "How does green credit policy affect polluting firms' dividend policy? The China experience," International Review of Financial Analysis, Elsevier, vol. 88(C).
    67. Veljko Fotak, 2016. "A Spark from the Public Sector: Co-lending by Government-owned and Private-sector Lenders," BAFFI CAREFIN Working Papers 1624, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    68. Fernandes, Ana P. & Ferreira, Priscila, 2021. "Executives’ gender pay gap and financing constraints," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 381-404.
    69. Shu Feng & Chang Liu & Xiaoling Pu, 2022. "Connected Lending in Bank Lines of Credit," Journal of Financial Services Research, Springer;Western Finance Association, vol. 61(2), pages 187-216, April.
    70. Nicholas Garvin & David W Hughes & José-Luis Peydró, 2021. "The Role of Collateral in Borrowing," RBA Research Discussion Papers rdp2021-01, Reserve Bank of Australia.
    71. May, Anthony D., 2014. "Corporate liquidity and the contingent nature of bank credit lines: Evidence on the costs and consequences of bank default," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 410-429.
    72. Biswas, Swarnava (Sonny) & Gómez, Fabiana & Zhai, Wei, 2017. "Who needs big banks? The real effects of bank size on outcomes of large US borrowers," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 170-185.
    73. Hau, Harald & Ouyang, Difei, 2024. "Can real estate booms hurt firms? Evidence on investment substitution," Journal of Urban Economics, Elsevier, vol. 144(C).
    74. Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2015. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Cardiff Economics Working Papers E2015/10, Cardiff University, Cardiff Business School, Economics Section.
    75. Eichengreen, Barry & Gupta, Poonam, 2012. "The Global Financial Crisis and Indian Banks: Survival of the Fittest?," Working Papers 12/113, National Institute of Public Finance and Policy.
    76. Uesugi, Iichiro & Miyakawa, Daisuke & Hosono, Kaoru & Ono, Arito & Uchida, Hirofumi, 2025. "The collateral channel versus the bank lending channel: Evidence from a massive earthquake," Journal of Banking & Finance, Elsevier, vol. 170(C).
    77. Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2021. "Shock contagion, asset quality and lending behaviour: The case of war in Eastern Ukraine," Kyklos, Wiley Blackwell, vol. 74(2), pages 243-269, May.
    78. Bentolila, Samuel & Jansen, Marcel & Jiménez, Gabriel & Ruano, Sonia, 2013. "When Credit Dries Up: Job Losses in the Great Recession," IZA Discussion Papers 7807, IZA Network @ LISER.
    79. Leila Aghabarari & Andre Guettler & Mahvish Naeem & Bernardus Van Doornik, 2020. "Is There Help Indeed, if There is Help in Need? The case of credit unions during the global financial crisis," Working Papers Series 511, Central Bank of Brazil, Research Department.
    80. Joan Farre-Mensa & Alexander Ljungqvist, 2013. "Do Measures of Financial Constraints Measure Financial Constraints?," NBER Working Papers 19551, National Bureau of Economic Research, Inc.
    81. Carpinelli, Luisa & Crosignani, Matteo, 2021. "The design and transmission of central bank liquidity provisions," Journal of Financial Economics, Elsevier, vol. 141(1), pages 27-47.
    82. Lea Zicchino & Erlend Nier, 2008. "Bank Losses, Monetary Policy and Financial Stability—Evidence on the Interplay from Panel Data," IMF Working Papers 2008/232, International Monetary Fund.
    83. Hoffmann, Mathias & Okubo, Toshihiro, 2022. "‘By a silken thread’: Regional banking integration and credit reallocation during Japan's lost decade," Journal of International Economics, Elsevier, vol. 137(C).
    84. Randall Morck & M. Deniz Yavuz & Bernard Yeung, 2013. "State-run Banks, Money Growth, and the Real Economy," NBER Working Papers 19004, National Bureau of Economic Research, Inc.
    85. Friedrich, Benjamin U. & Zator, Michał, 2023. "Flexibility costs of debt: Danish exporters during the cartoon crisis," Journal of Financial Economics, Elsevier, vol. 148(2), pages 91-117.
    86. Chen, Yinghui & Ren, Ting & Xiao, Youzhi & Yue, Heng, 2025. "De-politicization and corporate risk-taking," Emerging Markets Review, Elsevier, vol. 69(C).
    87. John Gallemore & Brandon Gipper & Edward Maydew, 2019. "Banks as Tax Planning Intermediaries," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 57(1), pages 169-209, March.
    88. Veronica Rappoport & Philipp Schnabl & Daniel Paravisini, 2015. "Comparative Advantage and Specialization in Bank Lending," 2015 Meeting Papers 499, Society for Economic Dynamics.
    89. Evan Gatev & Philip Strahan, 2008. "Liquidity Risk and Syndicate Structure," NBER Working Papers 13802, National Bureau of Economic Research, Inc.
    90. Giebel, Marek & Kraft, Kornelius, 2020. "Bank credit supply and firm innovation behavior in the financial crisis," Journal of Banking & Finance, Elsevier, vol. 121(C).
    91. Tara N. Rice & Jonathan D. Rose, 2012. "When good investments go bad: the contraction in community bank lending after the 2008 GSE takeover," International Finance Discussion Papers 1045, Board of Governors of the Federal Reserve System (U.S.).
    92. Vithessonthi, Chaiporn & Schwaninger, Markus & Müller, Matthias O., 2017. "Monetary policy, bank lending and corporate investment," International Review of Financial Analysis, Elsevier, vol. 50(C), pages 129-142.
    93. Sharma, Vivek, 2025. "Real effects of bank shocks," Journal of Financial Stability, Elsevier, vol. 81(C).
    94. Mizobata, Hirokazu, 2023. "Do bank shocks affect physical or R&D investments more? Evidence from Japan," Journal of Corporate Finance, Elsevier, vol. 82(C).
    95. Zhang, Shafu & Magnan, Michel & Qiu, Yetaotao & Zeng, Cheng Colin, 2022. "Do banks price production process failures? Evidence from product recalls," Journal of Banking & Finance, Elsevier, vol. 135(C).
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    232. Ho, Po-Hsin & Huang, Chia-Wei & Lin, Chih-Yung & Yen, Ju-Fang, 2016. "CEO overconfidence and financial crisis: Evidence from bank lending and leverage," Journal of Financial Economics, Elsevier, vol. 120(1), pages 194-209.
    233. Nadja Dwenger & Frank M Fossen & Martin Simmler, 2015. "From financial to real economic crisis: evidence from individual firm¨Cbank relationships in Germany," Working Papers 1516, Oxford University Centre for Business Taxation.
    234. Fernández, Ana I. & González, Francisco & Suárez, Nuria, 2018. "Bank supply shocks and the substitution between bank and nonbank debt," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 122-147.
    235. Anginer, Deniz & Demirguc-Kunt, Asli, 2014. "Has the global banking system become more fragile over time?," Journal of Financial Stability, Elsevier, vol. 13(C), pages 202-213.
    236. Barbosa, Luciana & Bilan, Andrada & Célérier, Claire, 2019. "Credit supply and human capital: evidence from bank pension liabilities," Working Paper Series 2271, European Central Bank.
    237. Ozan Güler & Mike Mariathasan & Klaas Mulier & Nejat G. Okatan, 2021. "The real effects of banks' corporate credit supply: A literature review," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1252-1285, July.
    238. Xu, Si & He, Xiaoyi & Cao, Chunfang, 2023. "Struggle for survival in credit crunch: The effect of interest rate deregulation in China," China Economic Review, Elsevier, vol. 77(C).
    239. Bo Becker & Jens Josephson, 2013. "Insolvency Resolution and the Missing High Yield Bond Markets," NBER Working Papers 19415, National Bureau of Economic Research, Inc.
    240. Casey, Eddie & O'Toole, Conor, 2013. "Bank-lending constraints and alternative financing during the financial crisis: Evidence from European SMEs," Papers WP450, Economic and Social Research Institute (ESRI).
    241. Galina Hale & Tumer Kapan & Camelia Minoiu, 2019. "Shock Transmission through Cross-Border Bank Lending: Credit and Real Effects," Finance and Economics Discussion Series 2019-052, Board of Governors of the Federal Reserve System (U.S.).
    242. Falk Bräuning & Victoria Ivashina, 2020. "Monetary Policy and Global Banking," Journal of Finance, American Finance Association, vol. 75(6), pages 3055-3095, December.
    243. Pablo D’Erasmo & Hernán Moscoso Boedo & María Pía Olivero & Máximo Sangiácomo, 2020. "Relationship Networks in Banking Around a Sovereign Default and Currency Crisis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(3), pages 584-642, September.
    244. Christopher Hoag, 2019. "Bank Executive Experience in a Financial Crisis," Working Papers 1902, Trinity College, Department of Economics.
    245. Wasim Ahmad & N. Bhanumurthy & Sanjay Sehgal, 2015. "Regime dependent dynamics and European stock markets: Is asset allocation really possible?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(1), pages 77-107, February.
    246. Nuno Silva & Pedro Dias Moreira, 2023. "On the forecasting power of corporate sales growth determinants," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    247. Ongena, Steven & Popov, Alexander & Udell, Gregory F., 2012. "When the cat's away the mice will play: does regulation at home affect bank risk taking abroad?," Working Paper Series 1488, European Central Bank.
    248. Sohn, Bumjean & Park, Heungju, 2016. "Early warning indicators of banking crisis and bank related stock returns," Finance Research Letters, Elsevier, vol. 18(C), pages 193-198.

Articles

  1. Sudheer Chava & Baridhi Malakar & Manpreet Singh, 2024. "Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds," Review of Finance, European Finance Association, vol. 28(1), pages 117-161.

    Cited by:

    1. Thomaz Teodorovicz & Prithwiraj (Raj) Choudhury & Evan Starr, 2025. "Location-Specificity and Relocation Incentive Programs for Remote Workers," Organization Science, INFORMS, vol. 36(1), pages 186-212, January.
    2. Baridhi Malakar, 2024. "Essays on Responsible and Sustainable Finance," Papers 2406.12995, arXiv.org.
    3. Cao, Xiao & Gu, Runsheng & Ji, Xiaoqing & Li, Yuhang & Zhang, Ruifeng, 2025. "The dual effect of upper-level government implicit guarantees on subordinate municipal corporate bond credit risk: An empirical analysis," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    4. Autore, Don M. & Barnes, Spencer & Clarke, Nicholas & Schrowang, Andrew, 2025. "Corporate share repurchases and the 2023 excise tax," Journal of Corporate Finance, Elsevier, vol. 95(C).
    5. Liu, Chunbo & Xu, Liang & Yang, Liuming & Zhou, Yang, 2025. "Trade liberalization and municipal financing costs," Journal of Banking & Finance, Elsevier, vol. 178(C).
    6. Lu, Runjing & Ye, Zihan, 2023. "Roe v. Rates: Reproductive Healthcare and Public Financing Costs," SocArXiv 7t5jz, Center for Open Science.
    7. Baridhi Malakar, 2024. "Fiduciary Duty in the Municipal Bonds Market," Papers 2406.15197, arXiv.org.

  2. Sudheer Chava & Alexander Oettl & Manpreet Singh & Linghang Zeng, 2024. "Creative Destruction? Impact of E-Commerce on the Retail Sector," Management Science, INFORMS, vol. 70(4), pages 2168-2187, April.
    See citations under working paper version above.
  3. Sudheer Chava & Alexander Oettl & Manpreet Singh, 2023. "Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?," Management Science, INFORMS, vol. 69(11), pages 7095-7117, November.
    See citations under working paper version above.
  4. Sudheer Chava & Rohan Ganduri & Nikhil Paradkar & Linghang Zeng, 2023. "Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards," The Review of Financial Studies, Society for Financial Studies, vol. 36(10), pages 3906-3952.

    Cited by:

    1. Christa Gibbs & Benedict Guttman-Kenney & Donghoon Lee & Scott Nelson & Wilbert van der Klaauw & Jialan Wang, 2025. "Consumer Credit Reporting Data," Journal of Economic Literature, American Economic Association, vol. 63(2), pages 598-636, June.
    2. Sun, Sha & Qian, Gong & Yu, Jingjing, 2024. "The impacts of China's shadow banking regulation on bank lending—An empirical analysis based on textual analysis and machine learning," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    3. Hakan Yilmazkuday, 2026. "Drivers of credit and debit card transactions," Review of Financial Economics, John Wiley & Sons, vol. 44(1), January.
    4. Ufuk Akcigit & Raman S. Chhina & Seyit Cilasun & Javier Miranda & Nicolas Serrano-Velarde, 2025. "Credit Card Entrepreneurs," Jena Economics Research Papers 2025-003, Friedrich-Schiller-University Jena.

  5. Chakraborty, Indraneel & Chava, Sudheer & Ganduri, Rohan, 2023. "Credit Default Swaps and Lender Incentives in Bank Debt Renegotiations," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 58(5), pages 1911-1942, August.

    Cited by:

    1. Chava, Sudheer & Efremenko, Polina & Salva, Carolina, 2026. "ESG and bond market resilience: Evidence from the Covid crisis," Journal of Banking & Finance, Elsevier, vol. 185(C).
    2. Banerjee, Suman & Kong, Mingyuan, 2025. "Modeling optimal strategies in CDS markets: The role of creditor-issuer dynamics," International Review of Financial Analysis, Elsevier, vol. 103(C).

  6. Sudheer Chava & Rohan Ganduri & Vijay Yerramilli, 2021. "Do Bond Investors Price Tail Risk Exposures of Financial Institutions?," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 1-43, March.

    Cited by:

    1. Kalimipalli, Madhu & Morohunfolu, Olaleye & Ramachandran, Shankar, 2024. "Do repeated government infusions help financial stability? Evidence from an emerging market," Journal of Financial Stability, Elsevier, vol. 75(C).
    2. Iftekhar Hasan & Emma Peng & Maya Waisman & Meng Yan, 2024. "The effect of bank organizational risk-management on the pricing of non-deposit debt," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(1), pages 1-27, August.

  7. Chava, Sudheer & Ganduri, Rohan & Paradkar, Nikhil & Zhang, Yafei, 2021. "Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1186-1208.

    Cited by:

    1. Christa Gibbs & Benedict Guttman-Kenney & Donghoon Lee & Scott Nelson & Wilbert van der Klaauw & Jialan Wang, 2025. "Consumer Credit Reporting Data," Journal of Economic Literature, American Economic Association, vol. 63(2), pages 598-636, June.
    2. Du, Yanan & Wang, Qingxi & Zhou, Jianping, 2023. "How does digital inclusive finance affect economic resilience: Evidence from 285 cities in China," International Review of Financial Analysis, Elsevier, vol. 88(C).
    3. Banasaz, Mohammadmahdi & Bose, Niloy & Sedaghatkish, Nazanin, 2025. "Identification of loan effects on personal finance: A case for small U.S. entrepreneurs," Journal of Economic Behavior & Organization, Elsevier, vol. 234(C).
    4. Yunhui Wang & Yihua Chen, 2026. "Digital Financial Inclusion and Rural Household Debt Risks," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 31(2), pages 2012-2026, April.
    5. Lars Hornuf & Johannes Voshaar, 2024. "What Is an Effective Signal in Crowdfunding? Evidence from Expert Researchers and a Meta-Study," CESifo Working Paper Series 11501, CESifo.
    6. Banerjee, Ameet Kumar & Pradhan, H.K. & Sensoy, Ahmet & Goodell, John W., 2024. "Assessing the US financial sector post three bank collapses: Signals from fintech and financial sector ETFs," International Review of Financial Analysis, Elsevier, vol. 91(C).
    7. Tetyana Balyuk, 2023. "FinTech Lending and Bank Credit Access for Consumers," Management Science, INFORMS, vol. 69(1), pages 555-575, January.
    8. David M. Harrison & Michael J. Seiler & Liuming Yang, 2024. "The Impact of iBuyers on Housing Market Dynamics," The Journal of Real Estate Finance and Economics, Springer, vol. 68(3), pages 425-461, April.
    9. Dainelli, Francesco & Bet, Gianmarco & Fabrizi, Eugenio, 2024. "The financial health of a company and the risk of its default: Back to the future," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    10. Wang, Yichen & Hu, Jun & Chen, Jia, 2023. "Does Fintech facilitate cross-border M&As? Evidence from Chinese A-share listed firms," International Review of Financial Analysis, Elsevier, vol. 85(C).
    11. Cumming, Douglas J. & Sewaid, Ahmed, 2021. "FinTech loans, self-employment, and financial performance," CFS Working Paper Series 667, Center for Financial Studies (CFS).
    12. Laura Grassi & Nicolas Figini & Lorenzo Fedeli, 2022. "How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-34, December.
    13. Mahbuba Aktar & Makram El-Shagi, 2026. "The Impact of BigTech and Fintech Credit on Income Inequality," CFDS Discussion Paper Series 2026/5, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    14. Hongchang Wang & Eric M. Overby, 2022. "How Does Online Lending Influence Bankruptcy Filings?," Management Science, INFORMS, vol. 68(5), pages 3309-3329, May.
    15. Choudhary, Priya & Thenmozhi, M., 2024. "Fintech and financial sector: ADO analysis and future research agenda," International Review of Financial Analysis, Elsevier, vol. 93(C).
    16. Ed deHaan & Jungbae Kim & Ben Lourie & Chenqi Zhu, 2024. "Buy Now Pay (Pain?) Later," Management Science, INFORMS, vol. 70(8), pages 5586-5598, August.
    17. Eid, Nourhan & Yang, Junhong & Duygun, Meryem, 2024. "Bridging the credit gap: The influence of regional bank structure on the expansion of peer-to-peer lending," The British Accounting Review, Elsevier, vol. 56(6).
    18. Kaakeh, Abdulkader & Parker, Simon C., 2025. "The impact of public corruption on marketplace lending outcomes," Journal of Banking & Finance, Elsevier, vol. 177(C).
    19. Li, Yunzhong & Ye, Chengfang & Li, Mingxi & Shum, Wai Yan & Lai, Fujun, 2025. "Regional FinTech development and total factor productivity among firms: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    20. Douglas Cumming & Ahmed Sewaid, 2025. "Crowdlending, Self-Employment, and Entrepreneurial Performance," Entrepreneurship Theory and Practice, , vol. 49(2), pages 403-434, March.

  8. Chava, Sudheer & Danis, András & Hsu, Alex, 2020. "The economic impact of right-to-work laws: Evidence from collective bargaining agreements and corporate policies," Journal of Financial Economics, Elsevier, vol. 137(2), pages 451-469.

    Cited by:

    1. Halford, Joseph T. & Hayes, Rachel M. & Sibilkov, Valeriy, 2024. "Personal bankruptcy costs, union bargaining power, and capital structure," Journal of Banking & Finance, Elsevier, vol. 168(C).
    2. Magnus Schauf & Eline Schoonjans, 2022. "Better Safe than Sorry: Toxic Waste Management after Unionization," Working Papers 220, Bavarian Graduate Program in Economics (BGPE).
    3. Laszlo Goerke & Cinzia Rienzo, 2025. "The Union Wage Mark-up for Immigrants in the United States," IAAEU Discussion Papers 202501, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    4. Takeshi Nishikawa & Andrew Prevost, 2026. "Local Religiosity Culture and Managerial Response to Organized Labor," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 65(3), pages 312-333, July.
    5. Monteiro, Pedro & Suleymanov, Masim, 2025. "Government contracts and labor investment efficiency," Journal of Corporate Finance, Elsevier, vol. 92(C).
    6. Chang, Kiyoung & Kim, Young Sang & Li, Ying & Park, Jong Chool, 2022. "Labor unions and real earnings management," Journal of Corporate Finance, Elsevier, vol. 75(C).
    7. Jagannathan, Murali & Myers, Brett W. & Niu, Xu, 2025. "Trust in Founders," Journal of Banking & Finance, Elsevier, vol. 178(C).
    8. Avenancio-León, Carlos F. & Piccolo, Alessio & Pinto, Roberto, 2025. "Resilience in collective bargaining," Journal of Financial Economics, Elsevier, vol. 173(C).
    9. Mohamed Shaker Ahmed & Charilaos Mertzanis, 2025. "Right‐to‐Work Laws and Firm Productivity in U.S. Firms," Industrial Relations Journal, Wiley Blackwell, vol. 56(4), pages 301-321, July.
    10. Najlaa Kallousa & Youngki Jang & Boochun Jung & Hussein Warsame, 2023. "Labor unions and post‐acquisition integration capability: Evidence from goodwill impairment," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(3-4), pages 764-794, March.
    11. Yifei Chen & Dan Palmon, 2026. "Workers’ Voices Matter: Crowdsourced Employee Reviews and Insider Trading," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 53(3), pages 1235-1262, June.
    12. (Jianqiu) Bai, John & Mkrtchyan, Anahit, 2023. "What do outside CEOs really do? Evidence from plant-level data," Journal of Financial Economics, Elsevier, vol. 147(1), pages 27-48.
    13. Gihleb, Rania & Giuntella, Osea & Tan, Jian Qi, 2023. "The Impact of Right-to-Work Laws on Long Hours and Work Schedules," IZA Discussion Papers 16588, IZA Network @ LISER.
    14. Colin Steitz, 2022. "Who votes for right-to-work?A median voter analysis of Missouri’s Proposition A," Economics and Business Letters, Oviedo University Press, vol. 11(2), pages 88-92.
    15. Sarkodie, Helena & Boasiako, Kwabena & Keefe, Michael O’Connor & Nguyen, Justin & Tawiah, Bernard, 2025. "Right-to-work laws and venture capital investment," Journal of Banking & Finance, Elsevier, vol. 172(C).
    16. Nguyen, Justin Hung & Qiu, Buhui, 2022. "Right-to-Work laws and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 76(C).
    17. Petach, Luke, 2026. "Labor Unions and Deaths of Despair: Evidence from Right-to-Work Laws," GLO Discussion Paper Series 1729, Global Labor Organization (GLO).
    18. Cho, DuckKi & Choi, Lyungmae, 2024. "Shadow union in local labor markets and corporate financing policies," Journal of Corporate Finance, Elsevier, vol. 89(C).
    19. Lai, Jinming & Ke, Jinjun & Lin, Shuping & Zhang, Pengdong & Zhang, Qihao, 2024. "Business environment optimization and labor income share of enterprises: Evidence from China," Research in International Business and Finance, Elsevier, vol. 71(C).
    20. Zhang Peng & Xinzheng Shi & Junyan Yu, 2025. "Echoes of insecurity: The detrimental effect of crime on corporate employment," Financial Management, Financial Management Association International, vol. 54(2), pages 237-269, June.

  9. Chava, Sudheer & Hsu, Alex & Zeng, Linghang, 2020. "Does history repeat itself? Business cycle and industry returns," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 201-218.

    Cited by:

    1. Baruník, Jozef & Bevilacqua, Mattia & Faff, Robert, 2024. "Dynamic industry uncertainty networks and the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 159(C).

  10. Sudheer Chava & Alex Hsu & Robin Greenwood, 2020. "Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns," The Review of Financial Studies, Society for Financial Studies, vol. 33(9), pages 4367-4402.

    Cited by:

    1. Alexander Rodnyansky & Yannick Timmer & Naoki Yago, 2023. "Intervening against the Fed," CESifo Working Paper Series 10575, CESifo.
    2. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy surprises and corporate investment growth in China," Economic Modelling, Elsevier, vol. 131(C).
    3. Deschamps, Bruno & Fei, Tianlun & Jiang, Ying & Liu, Xiaoquan, 2025. "Uncertainty and cross-sectional stock returns: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 171(C).
    4. Sequeira, John M., 2021. "Monetary policy surprises, stock returns, and financial and liquidity constraints, in an exchange rate monetary policy system," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 226-236.
    5. Tu, Bingqian & Zhou, Zhou & Dang, Jingqi & Qiu, Yitian, 2024. "Information matters: The effectiveness of mixed-ownership reform in mitigating financial constraints," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 1115-1132.
    6. Chu, Shaner & Chen, Limei, 2025. "Can the opening of high-speed rail help reduce corporate carbon emissions? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 103(C).
    7. Döttling, Robin & Ratnovski, Lev, 2023. "Monetary policy and intangible investment," Journal of Monetary Economics, Elsevier, vol. 134(C), pages 53-72.
    8. Alex Hsu & Indrajit Mitra & Yu Xu & Linghang Zeng, 2023. "The Fed Information Effect and Firm-Level Investment: Evidence and Theory," FRB Atlanta Working Paper 2023-6a, Federal Reserve Bank of Atlanta, revised Mar 2024.
    9. Palazzo, Berardino & Yamarthy, Ram, 2022. "Credit risk and the transmission of interest rate shocks," Journal of Monetary Economics, Elsevier, vol. 130(C), pages 120-136.
    10. Cao, Min & Schaberl, Philipp D., 2026. "Yielding to relevance: How treasury yields impact accounting relevance," Economics Letters, Elsevier, vol. 260(C).
    11. Yang, Jinyu & Liang, Chao & Shen, Lihua, 2026. "Biodiversity risk exposure and corporate risk-taking," International Review of Financial Analysis, Elsevier, vol. 110(C).
    12. Jianpei Li & Jierui Huang & Bowen Li, 2024. "Do command‐and‐control environmental regulations realize the win‐win of “pollution reduction” and “efficiency improvement” for enterprises? Evidence from China," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3271-3292, August.
    13. Ying Zhang & Hongfei Ruan & Guiyao Tang & Li Tong, 2021. "Power of sustainable development: Does environmental management system certification affect a firm's access to finance?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3772-3788, December.
    14. Alex Hsu & Indrajit Mitra & Linghang Zeng, 2023. "The Profitability Channel of Monetary Policy Transmission," FRB Atlanta Working Paper 2023-06, Federal Reserve Bank of Atlanta.
    15. Alex Hsu & Francisco J. Palomino & Charles Qian, 2017. "The Decline in Asset Return Predictability and Macroeconomic Volatility," Finance and Economics Discussion Series 2017-050, Board of Governors of the Federal Reserve System (U.S.).
    16. Wei, Xin & Liu, Xi & Zhang, Xueyong, 2022. "Shadow banking and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    17. Ai, Hengjie & Han, Leyla Jianyu & Pan, Xuhui Nick & Xu, Lai, 2022. "The cross section of the monetary policy announcement premium," Journal of Financial Economics, Elsevier, vol. 143(1), pages 247-276.
    18. Patozi, A., 2023. "Green Transmission: Monetary Policy in the Age of ESG," Cambridge Working Papers in Economics 2311, Faculty of Economics, University of Cambridge.
    19. Sekandary, Ghezal & Bask, Mikael, 2023. "Monetary policy uncertainty, monetary policy surprises and stock returns," Journal of Economics and Business, Elsevier, vol. 124(C).
    20. Adra, Samer & Barbopoulos, Leonidas G., 2022. "Monetary shocks and the analyst coverage of the firm," Economics Letters, Elsevier, vol. 218(C).
    21. Vo, Hong & Trinh, Quoc-Dat & Le, Minh & Nguyen, Thuy-Ngan, 2021. "Does economic policy uncertainty affect investment sensitivity to peer stock prices?," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 685-699.

  11. Sudheer Chava & Rohan Ganduri & Chayawat Ornthanalai, 2019. "Do Credit Default Swaps Mitigate the Impact of Credit Rating Downgrades?," Review of Finance, European Finance Association, vol. 23(3), pages 471-511.

    Cited by:

    1. Clark, Brian & Donato, James & Francis, Bill B., 2023. "Credit default swaps and debt specialization," Journal of Financial Intermediation, Elsevier, vol. 54(C).
    2. Jackowicz, Krzysztof & Kozłowski, Łukasz & Podgórski, Błażej & Winkler-Drews, Tadeusz, 2020. "Do political connections shield from negative shocks? Evidence from rating changes in advanced emerging economies," Journal of Financial Stability, Elsevier, vol. 51(C).
    3. Silaghi, Florina & Martín-Oliver, Alfredo & Sewaid, Ahmed, 2022. "The CDS market reaction to loan renegotiation announcements," Journal of Banking & Finance, Elsevier, vol. 138(C).
    4. Alessio Piccolo & Joel Shapiro, 2022. "Credit Ratings and Market Information," The Review of Financial Studies, Society for Financial Studies, vol. 35(10), pages 4425-4473.
    5. Czech, Robert, 2021. "Credit default swaps and corporate bond trading," Journal of Financial Intermediation, Elsevier, vol. 48(C).
    6. Ya-Fang Wang & Yu-Chu Hsieh, 2023. "Credit Rating and Board Evaluation of Family Firms," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 16(1), pages 7-18, October.
    7. Boermans, Martijn A. & van der Kroft, Bram, 2024. "Capital regulation induced reaching for systematic yield: Financial instability through fire sales," Journal of Banking & Finance, Elsevier, vol. 158(C).
    8. Cuadros-Solas, Pedro J. & Salvador, Carlos & Suárez, Nuria, 2025. "Banking supervisory architecture and sovereign risk," Journal of Financial Stability, Elsevier, vol. 76(C).
    9. Li, Jay Y. & Tang, Dragon Yongjun, 2022. "Product market competition with CDS," Journal of Corporate Finance, Elsevier, vol. 73(C).
    10. Salil Gadgil, 2024. "Do Credit Default Swaps Still Lead? The Effects of Regulation on Price Discovery," Working Papers 24-04, Office of Financial Research, US Department of the Treasury.
    11. Chava, Sudheer & Paradkar, Nikhil, 2024. "December doldrums, investor distraction, and the stock market reaction to unscheduled news events," Journal of Financial Markets, Elsevier, vol. 71(C).
    12. Clark, Brian & Donato, James & Francis, Bill B & Shohfi, Thomas D, 2023. "Bank loan renegotiation and credit default swaps," Journal of Banking & Finance, Elsevier, vol. 151(C).
    13. Banerjee, Suman & Kong, Mingyuan, 2025. "Modeling optimal strategies in CDS markets: The role of creditor-issuer dynamics," International Review of Financial Analysis, Elsevier, vol. 103(C).
    14. Kiesel, Florian & Kolaric, Sascha & Norden, Lars & Schiereck, Dirk, 2021. "To change or not to change? The CDS market response of firms on credit watch," Journal of Banking & Finance, Elsevier, vol. 125(C).
    15. Zehan Hou & Richard Fairchild & Pietro Perotti, 2025. "CEO Narcissism and Credit Ratings," Journal of Business Ethics, Springer, vol. 197(1), pages 39-72, February.
    16. Rubesam, Alexandre & Zimmermann, Paul, 2025. "Sideshow or center stage? Information transmission between CDS and equity markets," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    17. Cuadros-Solas, Pedro Jesús & Salvador Muñoz, Carlos, 2022. "Disentangling the sources of sovereign rating adjustments: An examination of changes in rating policies following the GFC," Research in International Business and Finance, Elsevier, vol. 59(C).

  12. Chava, Sudheer & Wang, Rui & Zou, Hong, 2019. "Covenants, Creditors’ Simultaneous Equity Holdings, and Firm Investment Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 54(2), pages 481-512, April.

    Cited by:

    1. Nguyen, Hien T. & Phan, Hieu V. & Vo, Hong, 2023. "Agency problems and corporate social responsibility: Evidence from shareholder-creditor mergers," International Review of Financial Analysis, Elsevier, vol. 90(C).
    2. Hu, Jikong & Liu, Haiming & Chiang, Yao-Min, 2026. "Common ownership between banks and firms and corporate leverage adjustment speed: Evidence from China," Research in International Business and Finance, Elsevier, vol. 81(C).
    3. Björn Imbierowicz & Daniel Streitz, 2024. "Financial debt contracting and managerial agency problems," Financial Management, Financial Management Association International, vol. 53(1), pages 99-118, March.
    4. Joliet, Robert & Titova, Yulia, 2024. "Who is greener, more social and better-governed? Dual ownership by SRI mutual funds stands out," Economics Letters, Elsevier, vol. 243(C).
    5. Snorre Lindset & Guttorm Nygård & Svein‐Arne Persson, 2024. "Trade‐Off Theory for Dual Holders," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(7), pages 1611-1643, October.
    6. Jun Chen & Bharat A. Jain & Jian Huang, 2023. "Proxy contests and debt contracting behavior: The interplay of managerial, shareholder and creditor incentives," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(9-10), pages 1867-1909, October.
    7. Dutordoir, Marie & Pappas, Kostas & Xu, Alice Liang & Zeng, Cheng (Colin), 2023. "Covenants in convertible bonds: Boon or boilerplate?," Journal of Corporate Finance, Elsevier, vol. 80(C).
    8. Ding, Hui & Liu, Chenguang & Ni, Xiaoran, 2023. "Creditor protection and labor investment efficiency: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    9. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Günseli Tümer-Alkan & Falko Fecht & José-Luis Peydró, 2021. "Banks' Equity Stakes in Firms: A Blessing or Curse in Credit Markets?," Working Papers 1306, Barcelona School of Economics.
    10. Tao Chen & Li Zhang & Qifei Zhu, 2023. "Dual Ownership and Risk-Taking Incentives in Managerial Compensation," Review of Finance, European Finance Association, vol. 27(5), pages 1823-1857.
    11. Stefano Bonini & Ali Taatian, 2023. "Dual holding and bank risk," The Financial Review, Eastern Finance Association, vol. 58(4), pages 735-763, November.
    12. Zhang, Yanyuan & Ding, Yanqi & Yan, Weichen, 2025. "United in green: Institutional dual ownership and corporate green innovation," Finance Research Letters, Elsevier, vol. 84(C).
    13. Andriy Bodnaruk & Marco Rossi, 2021. "Shareholders as Creditors of First Resort," Management Science, INFORMS, vol. 67(3), pages 1737-1757, March.
    14. James R. Barth & Sunghoon Joo & Kang‐Bok Lee, 2022. "Bank–client cross‐ownership of bank stocks: A network analysis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(2), pages 280-312, June.
    15. Xiangge Wang & Kirsten A. Cook, 2026. "Dual Holders and Corporate Tax Policies," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 66(1), pages 357-391, March.
    16. Ingo Geburtig & Thomas Mählmann & Roberto Liebscher, 2025. "Dual holdings and shareholder–creditor agency conflicts: Evidence from the syndicated loan market," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 52(1), pages 222-260, February.
    17. Tang, Tian & Xu, Liang & Yan, Xinyan & Yang, Haoyi, 2022. "Simultaneous debt–equity holdings and corporate tax avoidance," Journal of Corporate Finance, Elsevier, vol. 72(C).
    18. Franklin Allen & Meijun Qian, 2025. "Alternative finance in the international business context: a review and future research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 56(1), pages 43-61, February.
    19. Cao, Mengyi & Xia, Qing, 2021. "Trust and use of covenants," Research in International Business and Finance, Elsevier, vol. 57(C).
    20. Lim, Jesslyn & Do, Viet & Vu, Tram, 2022. "The effect of lenders’ dual holding on loan contract design: Evidence from performance pricing provisions," Journal of Banking & Finance, Elsevier, vol. 137(C).
    21. Li, Suyang & Qiao, Lu & Ren, Boru & Wang, Zilong, 2025. "Financing sustainability: Sustainable institutional investors and bank loan access," Journal of International Money and Finance, Elsevier, vol. 157(C).
    22. Ono, Arito & Suzuki, Katsushi & Uesugi, Iichiro, 2024. "When banks become pure creditors: The effects of declining shareholding by Japanese banks on bank lending and firms’ risk-taking," Journal of Financial Stability, Elsevier, vol. 73(C).
    23. Zhang, Chunqiang & Gao, Lu & Gao, Xi & Chan, Kam C., 2022. "Do underwriters with foreign shareholders help protect bond investors? Evidence from bond covenants in China," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    24. Lin Qiu & Joshua Ronen, 2025. "Anticipatory effects of accounting standards: the lease exposure draft," Review of Accounting Studies, Springer, vol. 30(2), pages 1543-1591, June.
    25. Barg, Johannes A. & Drobetz, Wolfgang & El Ghoul, Sadok & Guedhami, Omrane & Schröder, Henning, 2024. "Institutional dual ownership and voluntary greenhouse gas emission disclosure," Journal of Corporate Finance, Elsevier, vol. 89(C).
    26. Yang, Huan, 2021. "Institutional dual holdings and risk-shifting: Evidence from corporate innovation," Journal of Corporate Finance, Elsevier, vol. 70(C).
    27. de Jong, Abe & Kooijmans, Tim & Veld, Chris, 2022. "Legal risk and information spillover through private lender reports," Journal of Financial Markets, Elsevier, vol. 60(C).
    28. Teoh, Ken, 2025. "Anticipating binding constraints: An analysis of debt covenants," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    29. Francis, Bill & Teng, Haimeng & Wang, Ying & Wu, Qiang, 2022. "The effect of shareholder-debtholder conflicts on corporate tax aggressiveness: Evidence from dual holders," Journal of Banking & Finance, Elsevier, vol. 138(C).
    30. Yoichiro NISHIMURA & Katsushi SUZUKI, 2025. "Bank–firm Relationships and Innovation Outcomes: Evidence from Categories and Quality," Discussion papers 25051, Research Institute of Economy, Trade and Industry (RIETI).
    31. Jie (Jack) He & Lantian Liang & Hui (Grace) Wang & Han Xia, 2024. "Networking Behind the Scenes: Institutional Cross-Industry Holdings and Corporate Loan Markets," Management Science, INFORMS, vol. 70(7), pages 4932-4952, July.
    32. Mingming Li & Xiaolei Fu & Haiming Liu, 2026. "The flip side of institutional dual holdings: evidence from China," Risk Management, Palgrave Macmillan, vol. 28(3), pages 1-30, September.
    33. Allen, Franklin & Qian, Meijun & Xie, Jing, 2022. "Implicit benefits and financing," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    34. Huseyin Gulen & Candace E. Jens & T. Beau Page, 2026. "Balancing External vs. Internal Validity: An Application of Causal Forest in Finance," Management Science, INFORMS, vol. 72(4), pages 3454-3486, April.
    35. Zhao, Hong & Jin, Dawei & Li, Hui & Wang, Haizhi, 2021. "Affiliated bankers on board and firm environmental management: U.S. evidence," Journal of Financial Stability, Elsevier, vol. 57(C).

  13. Sudheer Chava & Shunlan Fang & Praveen Kumar & Saumya Prabhat, 2019. "Debt Covenants and Corporate Governance," Annual Review of Financial Economics, Annual Reviews, vol. 11(1), pages 197-219, December.

    Cited by:

    1. Archana Saxena & Rajesh Singh & Anita Gehlot & Shaik Vaseem Akram & Bhekisipho Twala & Aman Singh & Elisabeth Caro Montero & Neeraj Priyadarshi, 2022. "Technologies Empowered Environmental, Social, and Governance (ESG): An Industry 4.0 Landscape," Sustainability, MDPI, vol. 15(1), pages 1-17, December.
    2. Choy, Stacey & Jiang, Shushu & Liao, Scott & Wang, Emma, 2024. "Public environmental enforcement and private lender monitoring: Evidence from environmental covenants," Journal of Accounting and Economics, Elsevier, vol. 77(2).
    3. Akdoğu, Evrim & Alp Paukowits, Aysun, 2022. "Supply of credit and corporate bond covenants," Journal of Corporate Finance, Elsevier, vol. 72(C).
    4. Redouane Elkamhi & Latchezar Popov & Raunaq S. Pungaliya, 2023. "Financial maintenance covenants in bank loans," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(4), pages 1197-1255, November.
    5. Li, Wanli & Shen, Zhixuan & Wen, Xi, 2025. "Access to banking and corporate dividend policy: Evidence from the distribution of bank branches in China," Research in International Business and Finance, Elsevier, vol. 75(C).
    6. Kariya, Ankitkumar, 2022. "Earnings-based borrowing constraints & corporate investments in 2007–2009 financial crisis," Journal of Corporate Finance, Elsevier, vol. 75(C).
    7. Quang Linh Huynh & Mohammad Enamul Hoque & Perengki Susanto & Waqas Ahmad Watto & Maryam Ashraf, 2022. "Does Financial Leverage Mediates Corporate Governance and Firm Performance?," Sustainability, MDPI, vol. 14(20), pages 1-20, October.
    8. Bassem Salhi & Jabr Al Jabr & Anis Jarboui, 2020. "A Comparison of Corporate Governance and Tax Avoidance of UK and Japanese Firms," Post-Print hal-04457142, HAL.
    9. Dongshu Jiang & ZhiXing Ni & Yuxiu Chen & Xue Chen & Chaohong Na, 2022. "Influence of Financial Shared Services on the Corporate Debt Cost under Digitalization," Sustainability, MDPI, vol. 15(1), pages 1-17, December.
    10. Collins Kwaning Owusu & Kwaku Opoku Ababio & Ernest Christian Winful & Evelyn Boadiwaa Bosomtwi, 2024. "Examining the role of financial characteristics of micro and small enterprises in accessing debt financing: evidence from Ghana," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(7), pages 343-353, October.
    11. Fioriti Andrés & Hernández Chanto Allan & Ordóñez Calafi Guillem, 2025. "Decision rights, capital structure, and efficiency," Asociación Argentina de Economía Política: Working Papers 4801, Asociación Argentina de Economía Política.
    12. Perla, Jesse & Pflueger, Carolin & Szkup, Michal, 2024. "Commitment and investment distortions under limited liability," Journal of Economic Theory, Elsevier, vol. 222(C).

  14. Sudheer Chava & Kershen Huang & Shane A. Johnson, 2018. "The Dynamics of Borrower Reputation Following Financial Misreporting," Management Science, INFORMS, vol. 64(10), pages 4775-4797, October.

    Cited by:

    1. Dan Amiram & Zahn Bozanic & James D. Cox & Quentin Dupont & Jonathan M. Karpoff & Richard Sloan, 2018. "Financial reporting fraud and other forms of misconduct: a multidisciplinary review of the literature," Review of Accounting Studies, Springer, vol. 23(2), pages 732-783, June.
    2. Amar, Moty & Chen, Ester & Gavious, Ilanit & Weihs, Hagit, 2022. "Financial reporting misconduct: Evidence from the field," Finance Research Letters, Elsevier, vol. 47(PA).
    3. AWALLUDDIN Muhammad Aiman & TUAN NOORIANI Tuan Ismail & MAZNORBALIA Anisa Safiah, 2022. "The Relationship Between Perceived Pressure, Perceived Opportunity, Perceived Rationalization And Fraud Tendency Among Employees: A Study From The People’S Trust In Malaysia," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(2), pages 23-43, August.
    4. Bouwman, Christa H.S. & Hu, Shuting (Sophia) & Johnson, Shane A., 2018. "Differential bank behaviors around the Dodd–Frank Act size thresholds," Journal of Financial Intermediation, Elsevier, vol. 34(C), pages 47-57.
    5. Wenjiao Cao & Yuping Jia & Yachang Zeng, 2025. "Measuring Misreporting Incentives and Severity," Management Science, INFORMS, vol. 71(12), pages 10343-10370, December.
    6. Anginer, Deniz & Mansi, Sattar & Warburton, A. Joseph & Yildizhan, Celim, 2011. "Firm Reputation and Cost of Debt Capital," MPRA Paper 64965, University Library of Munich, Germany, revised 05 Jun 2015.
    7. Jianhao Hu & Changran Zheng & Jiahao Xu & Xu Wu, 2024. "The influence of supplier financial violations on clients' environmental, social, and governance performance: Evidence from China's manufacturing industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 6217-6233, November.
    8. Chao Fu & Xiuyuan Deng & Hongfei Tang, 2023. "Who cares about corporate fraud? Evidence from cross-border mergers and acquisitions of Chinese companies," Review of Quantitative Finance and Accounting, Springer, vol. 60(2), pages 747-789, February.
    9. Du, Qingjie & Hasan, Iftekhar & Wang, Yang & Wei, K.C. John, 2025. "Political corruption, Dodd–Frank whistleblowing, and debt financing," Journal of Corporate Finance, Elsevier, vol. 91(C).
    10. Long Wu & Jing Zhang & Lei Xu, 2024. "Compensating balance and loan bargaining power in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(2), pages 1335-1359, June.
    11. Zou, Yang & Wang, Xiaoming, 2022. "Distance, information and bank lending in China," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    12. Francis, Bill & Hasan, Iftekhar & Liu, Liuling & Wu, Qiang & Zhao, Yijiang, 2021. "Financial analysts' career concerns and the cost of private debt," Journal of Corporate Finance, Elsevier, vol. 67(C).
    13. Ma, Xiaoqi & Ma, Tianze, 2026. "Financial fraud and corporate financing capacity: The moderating effect of institutional environment and economic policy uncertainty," Economic Analysis and Policy, Elsevier, vol. 89(C), pages 591-605.
    14. Wuchun Chi & Chien-min Kevin Pan, 2022. "How do auditors respond to accounting restatements? Evidence on audit staff allocation," Review of Quantitative Finance and Accounting, Springer, vol. 58(2), pages 847-879, February.
    15. Quentin Dupont & Jonathan M. Karpoff, 2020. "The Trust Triangle: Laws, Reputation, and Culture in Empirical Finance Research," Journal of Business Ethics, Springer, vol. 163(2), pages 217-238, May.

  15. Emmanuel Alanis & Sudheer Chava & Praveen Kumar, 2018. "Shareholder Bargaining Power, Debt Overhang, and Investment," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 7(2), pages 276-318.

    Cited by:

    1. Wang, Yolanda Yulong & Yi, Long, 2025. "Takeover threats, institutional ownership, and investment efficiency," International Review of Economics & Finance, Elsevier, vol. 102(C).
    2. Khawaja, Mohsin & Bhatti, M. Ishaq & Ashraf, Dawood, 2019. "Ownership and control in a double decision framework for raising capital," Emerging Markets Review, Elsevier, vol. 41(C).
    3. Yolanda Yulong Wang & Long Yi, 2025. "Takeover threats, institutional ownership, and investment efficiency," Post-Print hal-05143757, HAL.
    4. Baridhi Malakar, 2024. "Essays on Responsible and Sustainable Finance," Papers 2406.12995, arXiv.org.
    5. Sirio Aramonte & Mohammad Jahan-Parvar & Samuel Rosen & John W. Schindler, 2021. "Firm-specific risk-neutral distributions with options and CDS," BIS Working Papers 921, Bank for International Settlements.
    6. Yuan, Jun & Yang, Liuyong & Xu, Qi, 2025. "The real side of black swans: Tail risk and corporate investment," Journal of Banking & Finance, Elsevier, vol. 176(C).
    7. Jiang, Jinglu & Liu, Bo & Yang, Jinqiang, 2019. "The impact of debt restructuring on firm investment: Evidence from China," Economic Modelling, Elsevier, vol. 81(C), pages 325-337.
    8. Colonnello, Stefano & Efing, Matthias & Zucchi, Francesca, 2018. "Shareholder bargaining power and the emergence of empty creditors," IWH Discussion Papers 10/2016, Halle Institute for Economic Research (IWH), revised 2018.
    9. Christine L. Dobridge, 2016. "Fiscal Stimulus and Firms: A Tale of Two Recessions," Finance and Economics Discussion Series 2016-13, Board of Governors of the Federal Reserve System (U.S.).
    10. Gan, Liu & Xia, Xin & Zhang, Hai, 2022. "Debt structure and debt overhang," Journal of Corporate Finance, Elsevier, vol. 74(C).
    11. Colonnello, Stefano & Efing, Matthias & Zucchi, Francesca, 2016. "Empty creditors and strong shareholders: The real effects of credit risk trading," IWH Discussion Papers 10/2016, Halle Institute for Economic Research (IWH).
    12. Flor, Christian Riis & Petersen, Kirstine Boye & Schandlbauer, Alexander, 2023. "Callable or convertible debt? The role of debt overhang and covenants," Journal of Corporate Finance, Elsevier, vol. 78(C).
    13. Chu, Yongqiang, 2016. "Debt renegotiation and debt overhang: Evidence from lender mergers," MPRA Paper 72403, University Library of Munich, Germany.
    14. Renjie, Rex Wang & Verwijmeren, Patrick & Xia, Shuo, 2022. "Corporate governance benefits of mutual fund cooperation," IWH Discussion Papers 21/2022, Halle Institute for Economic Research (IWH).

  16. Sudheer Chava & Vikram Nanda & Steven Chong Xiao, 2017. "Lending to Innovative Firms," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 6(2), pages 234-289.

    Cited by:

    1. Fen Lin & Waverl W. Ding & Shi Chen, 2025. "The patent gold rush? An empirical study of patent bubbles in Chinese universities (1990–2019)," The Journal of Technology Transfer, Springer, vol. 50(4), pages 1602-1632, August.
    2. Pietro Grandi & Jean Belin & Elisa Darriet & Marianne Guille, 2024. "SMEs, R &D financing, and credit shocks," Small Business Economics, Springer, vol. 63(1), pages 325-347, June.
    3. Yang, Zhenbing & Chen, Zhuo & Shi, Qi & Yan, Bing, 2021. "Does outward foreign direct investment increase debt ratio? Firm-level evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 1-12.
    4. Hötte, Kerstin & Jee, Su Jung & Burrell, Robert & Ring, Caoimhe, 2023. "Intellectual Property Rights, Climate Technology Transfer and Innovation in Developing Countries," INET Oxford Working Papers 2023-14, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    5. Xiaomeng Liu & Yingquan Zhang, 2024. "Green finance, environmental technology progress bias and cleaner industrial structure," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 8643-8660, April.
    6. Robert Marquez & Thành Nguyen & M. Deniz Yavuz, 2024. "Financing Innovative Activity and the Endogeneity of Patenting," Management Science, INFORMS, vol. 70(10), pages 6874-6896, October.
    7. Yang, Wei & Wang, Xueke, 2024. "The impact of patent protection on technological innovation: A global value chain division of labor perspective," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    8. Bereskin, Fred & Hsu, Po-Hsuan & Latham, William & Wang, Huijun, 2023. "So Sue Me! The cross section of stock returns related to patent infringement allegations," Journal of Banking & Finance, Elsevier, vol. 148(C).
    9. Xuanwei Zhao & Fangzhu Dong, 2025. "Digital infrastructure construction and corporate innovation efficiency: evidence from Broadband China Strategy," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-11, December.
    10. McKee, Eric, 2022. "Risk-shifting: Evidence from the 2007 credit crisis," The North American Journal of Economics and Finance, Elsevier, vol. 62(C).
    11. Joelle Noailly & Roger Smeets, 2019. "Do Financing Constraints Matter for the Direction of Technical Change in Energy R&D?," CIES Research Paper series 58-2018, Centre for International Environmental Studies, The Graduate Institute.
    12. Shi, Yukun & Zhu, Kairan, 2024. "Unraveling the impact of bank loan spread on corporate innovation: Evidence from China," Economic Modelling, Elsevier, vol. 130(C).
    13. Kun Lv & Shurong Yu & Dian Fu & Jingwen Wang & Chencheng Wang & Junbai Pan, 2022. "The Impact of Financial Development and Green Finance on Regional Energy Intensity: New Evidence from 30 Chinese Provinces," Sustainability, MDPI, vol. 14(15), pages 1-29, July.
    14. Umeair Shahzad & Fukai Luo & Jing Liu, 2023. "Debt financing and technology investment Kuznets curve: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 751-765, January.
    15. Giau Bui, Dien & Chen, Yehning & Lin, Chih-Yung & Lin, Tse-Chun, 2021. "Risk-taking of bank CEOs and corporate innovation," Journal of International Money and Finance, Elsevier, vol. 115(C).
    16. Viet Do & Thu Ha Nguyen & Tram Vu, 2024. "Risk management and private debt contracts: The role of weather derivatives," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(9-10), pages 2848-2883, October.
    17. Maskus, Keith E. & Milani, Sahar & Neumann, Rebecca, 2019. "The impact of patent protection and financial development on industrial R&D," Research Policy, Elsevier, vol. 48(1), pages 355-370.
    18. Song Ma & Joy Tianjiao Tong & Wei Wang, 2022. "Bankrupt Innovative Firms," Management Science, INFORMS, vol. 68(9), pages 6971-6992, September.
    19. Lei Xu & Qian Liu & Bin Li & Chen Ma, 2022. "Fintech business and firm access to bank loans," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4381-4421, December.
    20. Alimov, Azizjon, 2019. "Intellectual property rights reform and the cost of corporate debt," Journal of International Money and Finance, Elsevier, vol. 91(C), pages 195-211.
    21. Gill, Andrej & Heller, David, 2024. "Leveraging intellectual property: The value of harmonized enforcement regimes," Journal of Banking & Finance, Elsevier, vol. 163(C).
    22. Licheng Zheng & Delong Luo & Ruiqing Jiang & Xiaoyong Lu, 2025. "The Strategy of Speculative Innovation: the Result of Capital Misallocation and Defective Incentive Policy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 12317-12363, September.
    23. Andrea Bellucci & Ilario Favaretto & Germana Giombini, 2014. "Does Innovation Affect Credit Access? New Empirical Evidence from Italian Small Business Lending," IAW Discussion Papers 104, Institut für Angewandte Wirtschaftsforschung (IAW).
    24. Hsu, Yuan-Teng & Huang, Chia-Wei & Koedijk, Kees G., 2023. "Unintended consequences of compensation peer groups on corporate innovation," Journal of Corporate Finance, Elsevier, vol. 78(C).
    25. Rong, Zhao & Zhang, Fuxin & Chen, Shi, 2023. "Short-term loans and Firms' high-quality innovation: Evidence from the access to patent-backed loans in China," China Economic Review, Elsevier, vol. 78(C).
    26. Davidson Heath & Giorgo Sertsios, 2022. "Profitability and Financial Leverage: Evidence from a Quasi-Natural Experiment," Management Science, INFORMS, vol. 68(11), pages 8386-8410, November.
    27. Mann, William, 2018. "Creditor rights and innovation: Evidence from patent collateral," Journal of Financial Economics, Elsevier, vol. 130(1), pages 25-47.
    28. Ersahin, Nuri & Irani, Rustom M. & Le, Hanh, 2021. "Creditor control rights and resource allocation within firms," Journal of Financial Economics, Elsevier, vol. 139(1), pages 186-208.
    29. Lee, Jiyoon, 2022. "Do firms use credit lines to support investment opportunities?: Evidence from success in R&D," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 1-14.
    30. Rong, Zhao & Leng, Fei & Ma, Jun & Ni, Jinlan, 2024. "Real estate depreciation and cash policy for innovative firms," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    31. Teoh, Ken, 2025. "Anticipating binding constraints: An analysis of debt covenants," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    32. Ming Chen & Lina Song & Xiaobo Zhu & Yanshuo Zhu & Chuanhao Liu, 2023. "Does Green Finance Promote the Green Transformation of China’s Manufacturing Industry?," Sustainability, MDPI, vol. 15(8), pages 1-22, April.
    33. Zhiming Ma & Kirill E. Novoselov & Derrald Stice & Yue Zhang, 2024. "Firm innovation and covenant tightness," Review of Accounting Studies, Springer, vol. 29(1), pages 151-193, March.
    34. Ren, Shenggang & He, Duojun & Yan, Ji & Zeng, Huixiang & Tan, Justin, 2022. "Environmental labeling certification and corporate environmental innovation: The moderating role of corporate ownership and local government intervention," Journal of Business Research, Elsevier, vol. 140(C), pages 556-571.
    35. Xu, Guang & Zhang, Xiaoyan, 2024. "The aftermath of covenant violations: Evidence from China's corporate debt securities," Journal of Empirical Finance, Elsevier, vol. 78(C).
    36. Dorgyles C. M. Kouakou & Kolotioloma I. H. Yéo, 2025. "Can Innovation Reduce the Size of the Informal Economy?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 67(3), pages 623-681, September.
    37. Zhen Chu & Xuanwei Chen & Mingwang Cheng & Xin Zhao & Zhouxiang Wang, 2024. "Booming house prices: friend or foe of innovative firms?," The Journal of Technology Transfer, Springer, vol. 49(2), pages 642-659, April.
    38. Hegde, Shantaram P. & Mishra, Dev R., 2023. "Patented knowledge capital and implied equity risk premium," Journal of Banking & Finance, Elsevier, vol. 148(C).
    39. Kose John & Xiaoran Ni & Chi Zhang, 2025. "Does Accelerated Patenting Information Dissemination Affect Managers’ (Un)Ethical Behavior? Evidence from the American Inventor’s Protection Act and Crash Risk," Journal of Business Ethics, Springer, vol. 197(4), pages 739-759, April.
    40. Milani, Sahar & Neumann, Rebecca, 2022. "R&D, patents, and financing constraints of the top global innovative firms," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 546-567.
    41. Xiaojuan Zhao & Yunhua Liu, 2020. "Empirical prediction of patent pledge financing of pharmaceutical enterprises—A case study in Jiangsu China," PLOS ONE, Public Library of Science, vol. 15(6), pages 1-13, June.
    42. Su Jung Jee & Kerstin Hotte & Caoimhe Ring & Robert Burrell, 2024. "Making intellectual property rights work for climate technology transfer and innovation in developing countries," Papers 2408.12338, arXiv.org.
    43. Huseyin Gulen & Candace E. Jens & T. Beau Page, 2026. "Balancing External vs. Internal Validity: An Application of Causal Forest in Finance," Management Science, INFORMS, vol. 72(4), pages 3454-3486, April.
    44. Yimin Wu & Tomoo Kikuchi, 2025. "How Innovation Shapes Financial Structure: The Moderating Role of Institutional Quality," Papers 2512.14154, arXiv.org, revised Aug 2026.
    45. Farzad Saidi & Alminas Žaldokas, 2021. "How Does Firms’ Innovation Disclosure Affect Their Banking Relationships?," Management Science, INFORMS, vol. 67(2), pages 742-768, February.
    46. Spatareanu, Mariana & Manole, Vlad & Kabiri, Ali, 2019. "Do bank liquidity shocks hamper firms’ innovation?," International Journal of Industrial Organization, Elsevier, vol. 67(C).

  17. Chava, Sudheer & Gallmeyer, Michael & Park, Heungju, 2015. "Credit conditions and stock return predictability," Journal of Monetary Economics, Elsevier, vol. 74(C), pages 117-132.

    Cited by:

    1. Alex Hsu & Francisco Palomino & Liang Qian, 2023. "Gone with the Vol: A Decline in Asset Return Predictability During the Great Moderation," Management Science, INFORMS, vol. 69(5), pages 3025-3047, May.
    2. Li, Xiyang & Chen, Xiaoyue & Li, Bin & Singh, Tarlok & Shi, Kan, 2022. "Predictability of stock market returns: New evidence from developed and developing countries," Global Finance Journal, Elsevier, vol. 54(C).
    3. Bates, Thomas W. & Neyland, Jordan B. & Wang, Yolanda Yulong, 2018. "Financing acquisitions with earnouts," Journal of Accounting and Economics, Elsevier, vol. 66(2), pages 374-395.
    4. Phan, Dinh Hoang Bach & Sharma, Susan Sunila & Tran, Vuong Thao, 2018. "Can economic policy uncertainty predict stock returns? Global evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 55(C), pages 134-150.
    5. Zhang, Xincheng, 2024. "Country-level energy-related uncertainties and stock market returns: Insights from the U.S. and China," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    6. Pavlopoulos, Athanasios & Magnis, Chris & Iatridis, George Emmanuel, 2019. "Integrated reporting: An accounting disclosure tool for high quality financial reporting," Research in International Business and Finance, Elsevier, vol. 49(C), pages 13-40.
    7. Narayan, Paresh Kumar & Phan, Dinh Hoang Bach & Narayan, Seema, 2018. "Technology-investing countries and stock return predictability," Emerging Markets Review, Elsevier, vol. 36(C), pages 159-179.
    8. Chava, Sudheer & Hsu, Alex & Zeng, Linghang, 2020. "Does history repeat itself? Business cycle and industry returns," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 201-218.
    9. Narayan, Paresh Kumar & Narayan, Seema & Phan, Dinh Hoang Bach, 2022. "Terrorism and international stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 76(C).
    10. Bergbrant, Mikael C. & Hunter, Delroy M., 2018. "(How) do credit market conditions affect firms' post-hedging outcomes? Evidence from bank lending standards and firms' currency exposure," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 203-222.
    11. Yuan Liao & Xinjie Ma & Andreas Neuhierl & Zhentao Shi, 2023. "Benign Overfitting in Economic Forecasting via Noise Regularization," Papers 2312.05593, arXiv.org, revised Apr 2026.
    12. Chien, Chih-Chung & Chen, Shikuan & Chang, Ming-Jen, 2023. "Financial constraints on credit ratings and cash-flow sensitivity," International Review of Financial Analysis, Elsevier, vol. 88(C).
    13. Sohn, Bumjean & Park, Heungju, 2016. "Early warning indicators of banking crisis and bank related stock returns," Finance Research Letters, Elsevier, vol. 18(C), pages 193-198.
    14. Narayan, Paresh Kumar, 2019. "Can stale oil price news predict stock returns?," Energy Economics, Elsevier, vol. 83(C), pages 430-444.
    15. Alex Hsu & Francisco J. Palomino & Charles Qian, 2017. "The Decline in Asset Return Predictability and Macroeconomic Volatility," Finance and Economics Discussion Series 2017-050, Board of Governors of the Federal Reserve System (U.S.).
    16. Wei, Xin & Liu, Xi & Zhang, Xueyong, 2022. "Shadow banking and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    17. Yun, Jaeho, 2020. "A re-examination of the predictability of stock returns and cash flows via the decomposition of VIX," Economics Letters, Elsevier, vol. 186(C).
    18. Kwon, Ji Ho, 2024. "Bank credit, consumption risk, and the cross-section of expected returns," International Review of Financial Analysis, Elsevier, vol. 92(C).
    19. Faria, Gonçalo & Verona, Fabio, 2020. "The yield curve and the stock market: Mind the long run," Journal of Financial Markets, Elsevier, vol. 50(C).
    20. Narayan, Paresh Kumar & Bannigidadmath, Deepa, 2017. "Does Financial News Predict Stock Returns? New Evidence from Islamic and Non-Islamic Stocks," Pacific-Basin Finance Journal, Elsevier, vol. 42(C), pages 24-45.
    21. Narayan, Paresh Kumar & Phan, Dinh Hoang Bach & Thuraisamy, Kannan & Westerlund, Joakim, 2016. "Price discovery and asset pricing," Pacific-Basin Finance Journal, Elsevier, vol. 40(PA), pages 224-235.
    22. Senarathne, Chamil W., . "The Information Flow Interpretation of Margin Debt Value Data: Evidence from New York Stock Exchange," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 26(01).
    23. Sudheer Chava & Rohan Ganduri & Chayawat Ornthanalai, 2019. "Do Credit Default Swaps Mitigate the Impact of Credit Rating Downgrades?," Review of Finance, European Finance Association, vol. 23(3), pages 471-511.
    24. Wilson, Linus, 2023. "Profitable timing of the stock market with the senior loan officer survey," Finance Research Letters, Elsevier, vol. 54(C).

  18. Boehmer, Ekkehart & Chava, Sudheer & Tookes, Heather E., 2015. "Related Securities and Equity Market Quality: The Case of CDS," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 50(3), pages 509-541, June.

    Cited by:

    1. Hwang Hee Lee & Frederick Dongchuhl Oh, 2022. "The role of credit default swaps in determining corporate payout policy," Financial Management, Financial Management Association International, vol. 51(2), pages 635-661, June.
    2. Even-Tov, Omri, 2017. "When does the bond price reaction to earnings announcements predict future stock returns?," Journal of Accounting and Economics, Elsevier, vol. 64(1), pages 167-182.
    3. Vincent Xiang & Michael T. Chng & Victor Fang, 2017. "The economic significance of CDS price discovery," Review of Quantitative Finance and Accounting, Springer, vol. 48(1), pages 1-30, January.
    4. Cornaggia, Kimberly & Hund, John & Nguyen, Giang, 2022. "Investor attention and municipal bond returns," Journal of Financial Markets, Elsevier, vol. 60(C).
    5. Irresberger, Felix & Weiß, Gregor N.F. & Gabrysch, Janet & Gabrysch, Sandra, 2018. "Liquidity tail risk and credit default swap spreads," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1137-1153.
    6. Bai, Xuelian & Hu, Nan & Liu, Ling & Zhu, Lu, 2017. "Credit derivatives and stock return synchronicity," Journal of Financial Stability, Elsevier, vol. 28(C), pages 79-90.
    7. Paulo Pereira da Silva & Isabel Vieira, 2024. "Stock price informativeness and credit default swap trading," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 2950-2970, July.
    8. Kita, Arben & Tortorice, Daniel L., 2021. "Same firm, two volatilities: How variance risk is priced in credit and equity markets," Journal of Corporate Finance, Elsevier, vol. 69(C).
    9. Kim, Gi H. & Li, Haitao & Zhang, Weina, 2016. "CDS-bond basis and bond return predictability," Journal of Empirical Finance, Elsevier, vol. 38(PA), pages 307-337.
    10. Keshab Shrestha & Sheena Philip & Yessy Peranginangin, 2020. "Contributions of Crude Oil Exchange Traded Funds in Price Discovery Process," American Business Review, Pompea College of Business, University of New Haven, vol. 23(2), pages 393-407.
    11. Szybisz, Martin Andres, 2019. "Interactions between Credit and Market Risk, Diversification vs Compounding effects," MPRA Paper 93173, University Library of Munich, Germany.
    12. Li, Jay Y. & Tang, Dragon Yongjun, 2022. "Product market competition with CDS," Journal of Corporate Finance, Elsevier, vol. 73(C).
    13. Manac, Radu-Dragomir & Banti, Chiara & Kellard, Neil, 2024. "How does standardization affect OTC markets in the long term? Evidence from the small bang reform in the CDS market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 96(C).
    14. Augustin, Patrick & Subrahmanyam, Marti G. & Tang, Dragon Yongjun & Wang, Sarah Qian, 2014. "Credit Default Swaps: A Survey," Foundations and Trends(R) in Finance, now publishers, vol. 9(1-2), pages 1-196, December.
    15. Kiesel, Florian & Kolaric, Sascha & Norden, Lars & Schiereck, Dirk, 2021. "To change or not to change? The CDS market response of firms on credit watch," Journal of Banking & Finance, Elsevier, vol. 125(C).
    16. Jae B. Kim & Pervin Shroff & Dushyantkumar Vyas & Regina Wittenberg‐Moerman, 2018. "Credit Default Swaps and Managers’ Voluntary Disclosure," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 56(3), pages 953-988, June.
    17. Qian Han & Jufang Liang, 2017. "Index Futures Trading Restrictions and Spot Market Quality: Evidence from the Recent Chinese Stock Market Crash," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 37(4), pages 411-428, April.
    18. Fuller, Kathleen P. & Yildiz, Serhat & Uymaz, Yurtsev, 2018. "Credit default swaps and firms' financing policies," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 34-48.
    19. Rubesam, Alexandre & Zimmermann, Paul, 2025. "Sideshow or center stage? Information transmission between CDS and equity markets," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    20. Taurai Muvunza & Yong Jiang, 2023. "Determinants and hedging effectiveness of China's sovereign credit default swaps," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2074-2087, April.
    21. Christian Meine & Hendrik Supper & Gregor Weiß, 2015. "Do CDS spreads move with commonality in liquidity?," Review of Derivatives Research, Springer, vol. 18(3), pages 225-261, October.

  19. Sudheer Chava, 2014. "Environmental Externalities and Cost of Capital," Management Science, INFORMS, vol. 60(9), pages 2223-2247, September.

    Cited by:

    1. Monika K. Rabarison & Ibrahim Siraj & Bin Wang, 2024. "Environmental policy and audit pricing," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(9-10), pages 2820-2847, October.
    2. El Guengue, Hayat & Hmaittane, Abdelmajid & Bouslah, Kais & M’Zali, Bouchra, 2025. "Do investors value corporate sustainability structures? Evidence from the cost of equity capital," Finance Research Letters, Elsevier, vol. 85(PE).
    3. Díaz, Antonio & Escribano, Ana, 2021. "Sustainability premium in energy bonds," Energy Economics, Elsevier, vol. 95(C).
    4. Hamzeh Al Amosh, 2026. "Green Leadership: Exploring CEO Risk‐Taking and Resource Allocation in Sustainable Innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 35(2), pages 2966-2988, February.
    5. Hu, Yucen & Wang, Yuxin, 2026. "The impact of ESG rating divergence on supply chain resilience: The threshold effect of corporate information transparency," International Review of Financial Analysis, Elsevier, vol. 109(C).
    6. Doruk, Ömer Tuğsal, 2025. "Climate change exposure and firm value: Evidence from low and middle income economies," Finance Research Letters, Elsevier, vol. 85(PB).
    7. Nguyen, Hien T. & Phan, Hieu V. & Vo, Hong, 2023. "Agency problems and corporate social responsibility: Evidence from shareholder-creditor mergers," International Review of Financial Analysis, Elsevier, vol. 90(C).
    8. Qian, Yuan, 2025. "Supply chain spillover effects of corporate voluntary green behavior: A quasi-natural experiment from China," International Review of Economics & Finance, Elsevier, vol. 103(C).
    9. Zhou, Peng & Mo, Lingyu & Tan, Changchun & Wu, Huaqing, 2025. "Carbon regulatory risk exposure in the bond market: A quasi-natural experiment in China," China Economic Review, Elsevier, vol. 92(C).
    10. Wu, Zhenshu & Pownall, Rachel & Shih, Yi-Cheng & Zhang, Chendi, 2025. "State ownership and the value of sustainability: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 102(C).
    11. Wang, Ye & Liu, Xufeng & Wan, Die, 2023. "Stock market openness and ESG performance: Evidence from Shanghai-Hong Kong connect program," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1306-1319.
    12. Gschossmann, Isabella & Kok, Christoffer & De Cicco, Valentina, 2025. "Bank lending implications of climate stress tests," Working Paper Series 3088, European Central Bank.
    13. Chen, Tao & Dong, Hui & Lin, Chen, 2020. "Institutional shareholders and corporate social responsibility," Journal of Financial Economics, Elsevier, vol. 135(2), pages 483-504.
    14. Ruan, Qingsong & Li, Chengyu & Lv, Dayong & Wei, Xiaokun, 2025. "Going Green: Effect of green bond issuance on corporate debt financing costs," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    15. Liu, Chih-Liang & Tsui, Chih-Kai, 2026. "ESG and bank loan cost," Finance Research Letters, Elsevier, vol. 91(C).
    16. Elias Demetriades & Panagiotis Politsidis, 2025. "Bank lending to fossil fuel firms," Post-Print hal-04804492, HAL.
    17. Ashrafee Tanvir Hossain & Amir Hossain & Tom Cooper & Majidul Islam, 2024. "Corporate sexual orientation equality and carbon emission," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(2), pages 1491-1524, June.
    18. Haozhe Han, 2023. "Does increasing the QFII quota promote Chinese institutional investors to drive ESG?," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 30(6), pages 1627-1643, November.
    19. Amendola, Alessandra & Bernardelli, Adelaide Emma & Giudici, Paolo, 2025. "Measuring inequality in the adoption of ESG scores by small and medium enterprises," International Review of Economics & Finance, Elsevier, vol. 103(C).
    20. Liu, Xufeng & Wan, Die, 2023. "Retail investor trading and ESG pricing in China," Research in International Business and Finance, Elsevier, vol. 65(C).
    21. Zhang, Chuanhai & Zheng, Zhongjie & Bing, Tao, 2026. "The impact of climate risk on municipal bonds pricing: Evidence from Chinese Chengtou bonds," Pacific-Basin Finance Journal, Elsevier, vol. 96(C).
    22. Li, Sen & Zhang, Yi, 2025. "Environmental risk and stock price crash risk: Evidence from energy substitution policy adoption," International Review of Economics & Finance, Elsevier, vol. 99(C).
    23. Jung, Hyeyoon & Engle, Robert F. & Berner, Richard, 2025. "CRISK: Measuring the climate risk exposure of the financial system," Journal of Financial Economics, Elsevier, vol. 171(C).
    24. Yizhou Wang & Siyu Shen & Jun Xie & Hidemichi Fujii & Alexander Ryota Keeley & Shunsuke Managi, 2024. "How corporate climate change mitigation actions affect the cost of capital," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 5139-5154, November.
    25. Dragotto, Massimo & Dufour, Alfonso & Varotto, Simone, 2025. "Greenium fluctuations and climate awareness in the corporate bond market," International Review of Financial Analysis, Elsevier, vol. 105(C).
    26. Marzhan Beisenbina & Laura Fabregat‐Aibar & Maria‐Glòria Barberà‐Mariné & Maria‐Teresa Sorrosal‐Forradellas, 2023. "The burgeoning field of sustainable investment: Past, present and future," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 649-667, April.
    27. Basak Kalkanci & Erica L. Plambeck, 2020. "Managing Supplier Social and Environmental Impacts with Voluntary Versus Mandatory Disclosure to Investors," Management Science, INFORMS, vol. 66(8), pages 3311-3328, August.
    28. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2020. "Sustainable Investing in Equilibrium," Working Papers 2020-23, Becker Friedman Institute for Research In Economics.
    29. Steven Baker & Burton Hollifield & Emilio Osambela, 2019. "Asset Prices and Portfolios with Externalities," 2019 Meeting Papers 1255, Society for Economic Dynamics.
    30. Quintiliani, Andrea, 2025. "Small and medium-sized enterprises and sustainable transition: Role of FinTech in a country's banking ecosystem," Research in International Business and Finance, Elsevier, vol. 73(PA).
    31. Agoraki, Konstantina K. & Giaka, Maria & Konstantios, Dimitrios & Negkakis, Ioannis, 2024. "The relationship between firm-level climate change exposure, financial integration, cost of capital and investment efficiency," Journal of International Money and Finance, Elsevier, vol. 141(C).
    32. Choi, Sanghak & Jung, Hail & Kim, Daejin, 2025. "Climate change risk and the marginal value of cash holdings," Research in International Business and Finance, Elsevier, vol. 79(C).
    33. Yao An & Ning Liu & Lin Zhang & Huanhuan Zheng, 2022. "Adapting to climate risks through cross-border investments: industrial vulnerability and smart city resilience," Climatic Change, Springer, vol. 174(1), pages 1-29, September.
    34. Draganac, Dragana & Lu, Kelin, 2025. "Pricing asset beyond financial fundamentals: The impact of prosocial preference and image concerns," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
    35. Zerbib, Olivier David, 2019. "The effect of pro-environmental preferences on bond prices: Evidence from green bonds," Journal of Banking & Finance, Elsevier, vol. 98(C), pages 39-60.
    36. Federica Ielasi & Paolo Ceccherini & Pietro Zito, 2020. "Integrating ESG Analysis into Smart Beta Strategies," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
    37. Peixin Li & Rongxi Zhou & Yahui Xiong, 2020. "Can ESG Performance Affect Bond Default Rate? Evidence from China," Sustainability, MDPI, vol. 12(7), pages 1-12, April.
    38. Jun Lian & Xuanshun Huang & Xia Wu, 2024. "How green bonds promote firms' green collaborative innovation?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 2109-2126, May.
    39. Alfonso Muñoz‐Acevedo & Francisco Seijo, 2025. "Stakeholder Misperceptions of ESG Investment Impacts on Business Financial and Organizational Performance Indicators," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(5), pages 6566-6585, September.
    40. Emma García‐Meca & Jennifer Martínez‐Ferrero & Nazim Hussain, 2025. "Avoiding Harm by Doing Good. The Substantive Role of ESG Payments for Preventing ESG Misconduct," Business Strategy and the Environment, Wiley Blackwell, vol. 34(4), pages 4354-4371, May.
    41. Emilia Klepczarek & Agata Wieczorek & Wiktor Wojciechowski, 2025. "ESG Initiatives and Reputational Recovery in Banking: Do Banks Do Good After Doing Wrong?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(6), pages 7836-7853, November.
    42. Benoît Mercereau & Guillaume Neveux & João Paulo C. C. Sertã & Benoît Marechal & Gianluca Tonolo, 2020. "Fighting climate change as a global equity investor," Journal of Asset Management, Palgrave Macmillan, vol. 21(1), pages 70-83, February.
    43. Carlos Estevez‐Mendoza & Juan Infante, 2025. "Evolution and relevance of research on Environmental, Social, and Governance factors," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 1545-1566, March.
    44. Fuchs, Larissa & Ngyuen, Huyen & Nguyen, Trang & Schaeck, Klaus, 2024. "Climate stress tests, bank lending, and the transition to the carbon-neutral economy," IWH Discussion Papers 9/2024, Halle Institute for Economic Research (IWH), revised 2024.
    45. Chen, Donghua & Jiang, Dequan & Yu, Xin, 2015. "Corporate philanthropy and bank loans in China," Pacific-Basin Finance Journal, Elsevier, vol. 35(PA), pages 402-424.
    46. Kiyoung Chang & Ying Li & Hyeongsop Shim, 2022. "Corporate social responsibility and credit rating around the world: The role of societal trust," The Financial Review, Eastern Finance Association, vol. 57(4), pages 863-891, November.
    47. Becchetti, Leonardo & Manfredonia, Stefano, 2022. "Media, reputational risk, and bank loan contracting," Journal of Financial Stability, Elsevier, vol. 60(C).
    48. Brad M. Barber & Adair Morse & Ayako Yasuda, 2019. "Impact Investing," NBER Working Papers 26582, National Bureau of Economic Research, Inc.
    49. Dunbar, Craig & Li, Zhichuan (Frank) & Shi, Yaqi, 2020. "CEO risk-taking incentives and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 64(C).
    50. Fan, Kwok Yuen & Shen, Jianfu & Hui, Eddie C.M. & Cheng, Louis T.W., 2024. "ESG components and equity returns: Evidence from real estate investment trusts," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    51. Hsuan‐Chu Lin & Hsin‐Lin Shen & Yu‐Ting Hsieh & Hui‐Yu Hsiao, 2025. "Corporate Carbon Emissions and the Costs of Bank Borrowing: Evidence From an Emerging Market," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(6), pages 7276-7292, November.
    52. Shima Amini & Sofia Johan & Eilnaz Kashefi-Pour & Abdulkadir Mohamed, 2025. "Climate change risk, investor sentiment, and the performance of new entrant firms," Small Business Economics, Springer, vol. 65(4), pages 2539-2566, December.
    53. Paolo Capelli & Federica Ielasi & Angeloantonio Russo, 2021. "Forecasting volatility by integrating financial risk with environmental, social, and governance risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(5), pages 1483-1495, September.
    54. Xintong Zhan & Junting Liu & Jie Cao & Ruijing Yang & Linyu Zhou, 2026. "Beyond Green: Impacts of Green Bond Issuance on Conventional Bonds in China," Asian Economic Policy Review, Japan Center for Economic Research, vol. 21(1), pages 72-82, January.
    55. Becchetti, Leonardo & Cucinelli, Doriana & Ielasi, Federica & Rossolini, Monica, 2023. "Corporate social irresponsibility: The relationship between ESG misconduct and the cost of equity," International Review of Financial Analysis, Elsevier, vol. 89(C).
    56. Sudheer Chava & Kershen Huang & Shane A. Johnson, 2018. "The Dynamics of Borrower Reputation Following Financial Misreporting," Management Science, INFORMS, vol. 64(10), pages 4775-4797, October.
    57. Yuan, Mingqing, 2024. "Beyond green bonds: Stock market reactions to ESG bond announcements and issuances in Japan," MPRA Paper 120943, University Library of Munich, Germany.
    58. Zhang, Zehua & Zhao, Ran & Zhu, Lu & Chamberlain, Trevor, 2025. "ESG performance and bond return volatility," Journal of Financial Stability, Elsevier, vol. 79(C).
    59. Wu, Zhenshu & Zhong, Rui, 2024. "The equity market response to climate change litigation," Finance Research Letters, Elsevier, vol. 67(PA).
    60. Haozhe Song & Gunnar Rimmel, 2025. "Debtholders' reaction to sustainability reporting regulations: International evidence," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 88-115, January.
    61. Aleksandar Petreski & Dorothea Schäfer & Andreas Stephan, 2025. "The Reputation Effect of Repeated Green‐Bond Issuance and Its Impact on the Cost of Capital," Business Strategy and the Environment, Wiley Blackwell, vol. 34(2), pages 2436-2448, February.
    62. Mostafa Monzur Hasan & Ahsan Habib & Ruoyun Zhao, 2022. "Corporate reputation risk and cash holdings," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 667-707, March.
    63. Daewoung Choi & Yong Kyu Gam & Hojong Shin, 2023. "Environmental reputation and bank liquidity: Evidence from climate transition," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(7-8), pages 1274-1304, July.
    64. Shabir, Mohsin & Jiang, Ping & Shahab, Yasir & Wang, Wenhao & Işık, Özcan & Mehroush, Iqra, 2024. "Diversification and bank stability: Role of political instability and climate risk," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 63-92.
    65. Natalie Kyung Won Kim & Sera Choi & Taejin Jung & Sohee Park, 2023. "How does demand uncertainty from climate change exposure affect the firms' cost structures? Examining the real effects of climate change on the firms' operational decisions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 2969-2989, November.
    66. Fard, Amirhossein & Javadi, Siamak & Kim, Incheol, 2020. "Environmental regulation and the cost of bank loans: International evidence," Journal of Financial Stability, Elsevier, vol. 51(C).
    67. Ku-Hsieh Chen & Yingchao Zhang & Julie Ann Elston & Pei-Hwa Chen & Kang-Hua Hsu, 2026. "Environmental, social, and governance (ESG) initiative scores and firm performance: the importance and role of firm size," Small Business Economics, Springer, vol. 66(1), pages 71-95, January.
    68. Lee, Yehwan & Han, Seung Hun, 2025. "ESG news spillover and corporate investment efficiency," Global Finance Journal, Elsevier, vol. 68(C).
    69. Huang, Wei & Luo, Yan & Wang, Xiaohuan & Xiao, Lifu, 2022. "Controlling shareholder pledging and corporate ESG behavior," Research in International Business and Finance, Elsevier, vol. 61(C).
    70. Jiang, Chuyu & Li, Yating & Zhang, Xuan & Zhao, Yang, 2025. "Climate risk and corporate debt decision," Journal of International Money and Finance, Elsevier, vol. 151(C).
    71. Xiaoquan (Michael) Zhang & DaPeng Xu & Hong Hong & Kalok Chan, 2026. "Attention or Sentiment: How Social Media React to ESG?," Information Systems Research, INFORMS, vol. 37(2), pages 1323-1336, June.
    72. Li, Bin & Wang, Han & Ye, Yanyi, 2025. "Is carbon price uncertainty priced in the corporate bond yield spreads? Evidence from Chinese corporate bond markets," International Review of Financial Analysis, Elsevier, vol. 107(C).
    73. Massimo Mariani & Fabio Pizzutilo & Alessandra Caragnano & Marianna Zito, 2021. "Does it pay to be environmentally responsible? Investigating the effect on the weighted average cost of capital: Environmental commitment and the cost of capital," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1854-1869, November.
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    1. Rubén García-Céspedes & Manuel Moreno, 2020. "Random LGD adjustments in the Vasicek credit risk model," The European Journal of Finance, Taylor & Francis Journals, vol. 26(18), pages 1856-1875, December.
    2. Li, Aimin & Li, Zhiyong & Bellotti, Anthony, 2023. "Predicting loss given default of unsecured consumer loans with time-varying survival scores," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
    3. Cangemi, Robert R. & Mason, Joseph R. & Pagano, Michael S., 2012. "Options-based structural model estimation of bond recovery rates," Journal of Financial Intermediation, Elsevier, vol. 21(3), pages 473-506.
    4. Ruey-Ching Hwang & Huimin Chung & Jiun-Yi Ku, 2013. "Predicting Recurrent Financial Distresses with Autocorrelation Structure: An Empirical Analysis from an Emerging Market," Journal of Financial Services Research, Springer;Western Finance Association, vol. 43(3), pages 321-341, June.
    5. Mahfuz Chy & Ole-Kristian Hope, 2021. "Real effects of auditor conservatism," Review of Accounting Studies, Springer, vol. 26(2), pages 730-771, June.
    6. Lohmann, Christian & Möllenhoff, Steffen, 2023. "Dark premonitions: Pre-bankruptcy investor attention and behavior," Journal of Banking & Finance, Elsevier, vol. 151(C).
    7. Hwang, Ruey-Ching & Chung, Huimin & Chu, C.K., 2010. "Predicting issuer credit ratings using a semiparametric method," Journal of Empirical Finance, Elsevier, vol. 17(1), pages 120-137, January.
    8. Joost Bosker & Marc Gürtler & Marvin Zöllner, 2025. "Machine learning-based variable selection for clustered credit risk modeling," Journal of Business Economics, Springer, vol. 95(4), pages 617-652, May.
    9. Kwon, Tae Yeon & Lee, Yoonjung, 2018. "Industry specific defaults," Journal of Empirical Finance, Elsevier, vol. 45(C), pages 45-58.
    10. Ruey-Ching Hwang & Jhao-Siang Siao & Huimin Chung & C. Chu, 2011. "Assessing bankruptcy prediction models via information content of technical inefficiency," Journal of Productivity Analysis, Springer, vol. 36(3), pages 263-273, December.
    11. Nazemi, Abdolreza & Fabozzi, Frank J., 2024. "Interpretable machine learning for creditor recovery rates," Journal of Banking & Finance, Elsevier, vol. 164(C).
    12. Ruey-Ching Hwang, 2013. "Predicting issuer credit ratings using generalized estimating equations," Quantitative Finance, Taylor & Francis Journals, vol. 13(3), pages 383-398, February.
    13. Nazemi, Abdolreza & Fabozzi, Frank J., 2018. "Macroeconomic variable selection for creditor recovery rates," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 14-25.
    14. Emmanuel Alanis & Sudheer Chava & Agam Shah, 2022. "Benchmarking Machine Learning Models to Predict Corporate Bankruptcy," Papers 2212.12051, arXiv.org.
    15. Ruey-Ching Hwang, 2013. "Forecasting credit ratings with the varying-coefficient model," Quantitative Finance, Taylor & Francis Journals, vol. 13(12), pages 1947-1965, December.
    16. Hung Xuan Do & Daniel Rösch & Harald Scheule, 2020. "Liquidity Constraints, Home Equity and Residential Mortgage Losses," The Journal of Real Estate Finance and Economics, Springer, vol. 61(2), pages 208-246, August.
    17. Ruey-Ching Hwang & Chih-Kang Chu & Kaizhi Yu, 2021. "Predicting the Loss Given Default Distribution with the Zero-Inflated Censored Beta-Mixture Regression that Allows Probability Masses and Bimodality," Journal of Financial Services Research, Springer;Western Finance Association, vol. 59(3), pages 143-172, June.
    18. Choi, Yong Seok & Doshi, Hitesh & Jacobs, Kris & Turnbull, Stuart M., 2020. "Pricing structured products with economic covariates," Journal of Financial Economics, Elsevier, vol. 135(3), pages 754-773.
    19. Ruey-Ching Hwang & Chih-Kang Chu, 2013. "Forecasting forward defaults: a simple hazard model with competing risks," Quantitative Finance, Taylor & Francis Journals, vol. 14(8), pages 1467-1477, August.
    20. Mora, Nada, 2015. "Creditor recovery: The macroeconomic dependence of industry equilibrium," Journal of Financial Stability, Elsevier, vol. 18(C), pages 172-186.
    21. Chih-Kang Chu & Ruey-Ching Hwang, 2019. "Predicting Loss Distributions for Small-Size Defaulted-Debt Portfolios Using a Convolution Technique that Allows Probability Masses to Occur at Boundary Points," Journal of Financial Services Research, Springer;Western Finance Association, vol. 56(1), pages 95-117, August.
    22. Dimitris Andriosopoulos & Michalis Doumpos & Panos M. Pardalos & Constantin Zopounidis, 2019. "Computational approaches and data analytics in financial services: A literature review," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1581-1599, October.
    23. Baghdadi, Ghasan A. & Nguyen, Lily H.G. & Podolski, Edward J., 2020. "Board co-option and default risk," Journal of Corporate Finance, Elsevier, vol. 64(C).
    24. Barbagli, Matteo & François, Pascal & Gauthier, Geneviève & Vrins, Frédéric, 2024. "The role of CDS spreads in explaining bond recovery rates," LIDAM Discussion Papers LFIN 2024002, Université catholique de Louvain, Louvain Finance (LFIN).
    25. Sudheer Chava, 2014. "Environmental Externalities and Cost of Capital," Management Science, INFORMS, vol. 60(9), pages 2223-2247, September.
    26. Juan F. Rendón & Lina M. Cortés & Javier Perote, 2023. "Prudential regulation and bank solvency based on flexible distributions: An example for evaluating the impact of monetary policy," The World Economy, Wiley Blackwell, vol. 46(9), pages 2780-2807, September.
    27. Jean-David Fermanian, 2020. "On the Dependence between Default Risk and Recovery Rates in Structural Models," Annals of Economics and Statistics, GENES, issue 140, pages 45-82.
    28. Campello, Murillo & Gao, Janet, 2017. "Customer concentration and loan contract terms," Journal of Financial Economics, Elsevier, vol. 123(1), pages 108-136.
    29. Baridhi Malakar, 2024. "Essays on Responsible and Sustainable Finance," Papers 2406.12995, arXiv.org.
    30. Hwang, Ruey-Ching & Chu, Chih-Kang & Yu, Kaizhi, 2020. "Predicting LGD distributions with mixed continuous and discrete ordinal outcomes," International Journal of Forecasting, Elsevier, vol. 36(3), pages 1003-1022.
    31. Ha Nguyen, 2023. "Particle MCMC in forecasting frailty correlated default models with expert opinion," Papers 2304.11586, arXiv.org, revised Aug 2023.
    32. Cantia, Catalin & Tunaru, Radu, 2017. "A factor model for joint default probabilities. Pricing of CDS, index swaps and index tranches," Insurance: Mathematics and Economics, Elsevier, vol. 72(C), pages 21-35.
    33. Andreas Mühlbacher & Thomas Guhr, 2018. "Credit Risk Meets Random Matrices: Coping with Non-Stationary Asset Correlations," Risks, MDPI, vol. 6(2), pages 1-25, April.
    34. Krüger, Steffen & Rösch, Daniel & Scheule, Harald, 2018. "The impact of loan loss provisioning on bank capital requirements," Journal of Financial Stability, Elsevier, vol. 36(C), pages 114-129.
    35. Nguyen, Ha, 2023. "An empirical application of Particle Markov Chain Monte Carlo to frailty correlated default models," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 103-121.
    36. Krüger, Steffen & Oehme, Toni & Rösch, Daniel & Scheule, Harald, 2018. "A copula sample selection model for predicting multi-year LGDs and Lifetime Expected Losses," Journal of Empirical Finance, Elsevier, vol. 47(C), pages 246-262.
    37. Calabrese, Raffaella, 2023. "Contagion effects of UK small business failures: A spatial hierarchical autoregressive model for binary data," European Journal of Operational Research, Elsevier, vol. 305(2), pages 989-997.
    38. Xu, Xin, 2013. "Forecasting Bankruptcy with Incomplete Information," MPRA Paper 55024, University Library of Munich, Germany, revised 31 Mar 2014.
    39. Andreas Mühlbacher & Thomas Guhr, 2018. "Extreme Portfolio Loss Correlations in Credit Risk," Risks, MDPI, vol. 6(3), pages 1-25, July.
    40. Alexander Becker & Alexander F. R. Koivusalo & Rudi Schafer, 2012. "Empirical Evidence for the Structural Recovery Model," Papers 1203.3188, arXiv.org.
    41. Manasa Gopal & Markus Pasche, 2012. "Market-based Eurobonds Without Cross-Subsidisation," Global Financial Markets Working Paper Series 2012-37, Friedrich-Schiller-University Jena.
    42. Lando, David & Nielsen, Mads Stenbo, 2010. "Correlation in corporate defaults: Contagion or conditional independence?," Journal of Financial Intermediation, Elsevier, vol. 19(3), pages 355-372, July.
    43. Cathcart, Lara & Dufour, Alfonso & Rossi, Ludovico & Varotto, Simone, 2024. "Corporate bankruptcy and banking deregulation: The effect of financial leverage," Journal of Banking & Finance, Elsevier, vol. 166(C).
    44. Jean‐François Bégin & Mathieu Boudreault & Mathieu Thériault, 2024. "Leveraging prices from credit and equity option markets for portfolio risk management," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(1), pages 122-147, January.
    45. Krüger, Steffen & Rösch, Daniel, 2017. "Downturn LGD modeling using quantile regression," Journal of Banking & Finance, Elsevier, vol. 79(C), pages 42-56.
    46. Do, Hung Xuan & Rösch, Daniel & Scheule, Harald, 2018. "Predicting loss severities for residential mortgage loans: A three-step selection approach," European Journal of Operational Research, Elsevier, vol. 270(1), pages 246-259.
    47. Joachim Sicking & Thomas Guhr & Rudi Schäfer, 2018. "Concurrent credit portfolio losses," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-20, February.
    48. Andreas Muhlbacher & Thomas Guhr, 2018. "Credit Risk Meets Random Matrices: Coping with Non-Stationary Asset Correlations," Papers 1803.00261, arXiv.org.
    49. Miao, Hong & Ramchander, Sanjay & Ryan, Patricia & Wang, Tianyang, 2018. "Default prediction models: The role of forward-looking measures of returns and volatility," Journal of Empirical Finance, Elsevier, vol. 46(C), pages 146-162.
    50. Wu, Yang-Che & Chung, San-Lin, 2010. "Catastrophe risk management with counterparty risk using alternative instruments," Insurance: Mathematics and Economics, Elsevier, vol. 47(2), pages 234-245, October.
    51. Marc Gürtler & Marvin Zöllner, 2023. "Heterogeneities among credit risk parameter distributions: the modality defines the best estimation method," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 45(1), pages 251-287, March.
    52. Ruey-Ching Hwang & Huimin Chung & C. K. Chu, 2016. "A Two-Stage Probit Model for Predicting Recovery Rates," Journal of Financial Services Research, Springer;Western Finance Association, vol. 50(3), pages 311-339, December.
    53. Natalia Nehrebecka, 2019. "Bank loans recovery rate in commercial banks: A case study of non-financial corporations," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(1), pages 139-172.
    54. Christine L. Dobridge, 2016. "Fiscal Stimulus and Firms: A Tale of Two Recessions," Finance and Economics Discussion Series 2016-13, Board of Governors of the Federal Reserve System (U.S.).
    55. Hwang, Ruey-Ching, 2012. "A varying-coefficient default model," International Journal of Forecasting, Elsevier, vol. 28(3), pages 675-688.
    56. Nazemi, Abdolreza & Baumann, Friedrich & Fabozzi, Frank J., 2022. "Intertemporal defaulted bond recoveries prediction via machine learning," European Journal of Operational Research, Elsevier, vol. 297(3), pages 1162-1177.
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    58. Betz, Jennifer & Kellner, Ralf & Rösch, Daniel, 2018. "Systematic Effects among Loss Given Defaults and their Implications on Downturn Estimation," European Journal of Operational Research, Elsevier, vol. 271(3), pages 1113-1144.
    59. Pascal François, 2019. "The Determinants of Market-Implied Recovery Rates," Risks, MDPI, vol. 7(2), pages 1-15, May.
    60. Jiří Witzany & Michal Rychnovský & Pavel Charamza, 2012. "Survival Analysis in LGD Modeling," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2012(1), pages 6-27.
    61. Salah Amraoui & Laurent Cousot & Sebastien Hitier & Jean-Paul Laurent, 2012. "Pricing CDOs with state-dependent stochastic recovery rates," Quantitative Finance, Taylor & Francis Journals, vol. 12(8), pages 1219-1240, February.
    62. Schläfer, Timo & Uhrig-Homburg, Marliese, 2014. "Is recovery risk priced?," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 257-270.
    63. Shi, Xiaojun & Tang, Qihe & Yuan, Zhongyi, 2017. "A limit distribution of credit portfolio losses with low default probabilities," Insurance: Mathematics and Economics, Elsevier, vol. 73(C), pages 156-167.
    64. Bruche, Max & González-Aguado, Carlos, 2010. "Recovery rates, default probabilities, and the credit cycle," Journal of Banking & Finance, Elsevier, vol. 34(4), pages 754-764, April.

  22. Chava, Sudheer & Purnanandam, Amiyatosh, 2011. "The effect of banking crisis on bank-dependent borrowers," Journal of Financial Economics, Elsevier, vol. 99(1), pages 116-135, January.
    See citations under working paper version above.
  23. Chava, Sudheer & Purnanandam, Amiyatosh, 2010. "CEOs versus CFOs: Incentives and corporate policies," Journal of Financial Economics, Elsevier, vol. 97(2), pages 263-278, August.

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    1. Teena Rachel Philip & Daniela Sanchez & Juan Manuel Sanchez, 2023. "CEO performance‐based grants’ vesting provisions and debt contracts: Evidence from GAAP, Non‐GAAP and KPI metrics," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(5-6), pages 973-1028, May.
    2. Richardson, Vernon J. & Sanchez, Juan Manuel & Setia, Pankaj & Smith, Rodney, 2018. "Determinants and consequences of chief information officer equity incentives," International Journal of Accounting Information Systems, Elsevier, vol. 31(C), pages 37-57.
    3. Bakke, Tor-Erik & Feng, Felix Zhiyu & Mahmudi, Hamed & Zhu, Caroline H., 2022. "Foreign competition and CEO risk-incentive compensation," Journal of Corporate Finance, Elsevier, vol. 76(C).
    4. Díez-Esteban, José María & García-Gómez, Conrado Diego & López-Iturriaga, Félix Javier & Santamaría-Mariscal, Marcos, 2017. "Corporate risk-taking, returns and the nature of major shareholders: Evidence from prospect theory," Research in International Business and Finance, Elsevier, vol. 42(C), pages 900-911.
    5. Hongrui Feng & Yuecheng Jia, 2019. "Positive externalities of CEO delta," European Financial Management, European Financial Management Association, vol. 25(3), pages 591-621, June.
    6. Artem E. Anilov & Irina V. Ivashkovskaya, 2020. "Do boards of directors affect CEO behavior? Evidence from payout decisions," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(4), pages 989-1017, December.
    7. Marina A. Zavertiaeva & Félix J. López†Iturriaga & Evgeniia V. Kuminova, 2018. "Better innovators or more innovators? Managerial overconfidence and corporate R&D," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 39(4), pages 447-461, June.
    8. Anginer, D. & Demirgüc-Kunt, A. & Huizinga, H.P. & Ma, K., 2013. "How does Corporate Governance Affect Bank Capitalization Strategies?," Other publications TiSEM ecdb19b5-05b5-484b-850a-c, Tilburg University, School of Economics and Management.
    9. Carlos Miguel Glória & José Carlos Dias & João Pedro Ruas & João Pedro Vidal Nunes, 2024. "The interaction between equity-based compensation and debt in managerial risk choices," Review of Derivatives Research, Springer, vol. 27(3), pages 227-258, October.
    10. Paul Coram & James R. Frederickson & Matthew Pinnuck, 2024. "Earnings management: Who do managers consider and what is the relative importance of ethics?," Australian Journal of Management, Australian School of Business, vol. 49(2), pages 214-248, May.
    11. Kang, Chang-Mo & Kim, Donghyun, 2022. "Risk management transparency and compensation," Journal of Corporate Finance, Elsevier, vol. 75(C).
    12. Dunbar, Craig & Li, Zhichuan (Frank) & Shi, Yaqi, 2020. "CEO risk-taking incentives and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 64(C).
    13. Hongrui Feng & Shu Yan, 2019. "CEO incentive compensation and stock liquidity," Review of Quantitative Finance and Accounting, Springer, vol. 53(4), pages 1069-1098, November.
    14. Imes, Matthew & Anderson, Ronald, 2021. "Executive risk-taking and the agency cost of debt," Journal of Empirical Finance, Elsevier, vol. 64(C), pages 78-94.
    15. Geoffrey P. Martin & Robert M. Wiseman & Luis R. Gomez-Mejia, 2016. "Going short-term or long-term? CEO stock options and temporal orientation in the presence of slack," Strategic Management Journal, Wiley Blackwell, vol. 37(12), pages 2463-2480, December.
    16. David Hillier & Patrick McColgan & Athanasios Tsekeris, 2022. "How did the Sarbanes–Oxley Act affect managerial incentives? Evidence from corporate acquisitions," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1395-1450, May.
    17. Zhang, Zehua & Zhao, Ran & Zhu, Lu & Chamberlain, Trevor, 2025. "ESG performance and bond return volatility," Journal of Financial Stability, Elsevier, vol. 79(C).
    18. Chien, Yi-Hsin & Hung, Mao-Wei, 2020. "The impact of appointment-based CEO connectedness on firms’ performance and profitability," The North American Journal of Economics and Finance, Elsevier, vol. 53(C).
    19. Fogel, Kathy & Jandik, Tomas & McCumber, William R., 2018. "CFO social capital and private debt," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 28-52.
    20. Li, Xiaoyang & Low, Angie & Makhija, Anil K., 2011. "Career Concerns and the Busy Life of the Young CEO," Working Paper Series 2011-4, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    21. Bo Wang & Zehui Wang & Jun Wen & Xiaotian Tina Zhang, 2021. "Executive Gender and Firm Environmental Management: Evidence from CFO Transitions," Sustainability, MDPI, vol. 13(7), pages 1-14, March.
    22. Lee, Chien-Chiang & Wang, Chih-Wei & Thinh, Bui Tien & Purnama, Muhammad Yusuf Indra & Sharma, Susan Sunila, 2024. "Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    23. Gounopoulos, Dimitrios & Loukopoulos, Georgios & Loukopoulos, Panagiotis & Zhang, Yu, 2024. "Do CFO career concerns matter? Evidence from IPO financial reporting outcomes," Journal of Corporate Finance, Elsevier, vol. 87(C).
    24. Jarkko Peltomäki & Jukka Sihvonen & Steve Swidler & Sami Vähämaa, 2021. "Age, gender, and risk‐taking: Evidence from the S&P 1500 executives and market‐based measures of firm risk," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1988-2014, October.
    25. Hong, Jieying, 2019. "Managerial compensation incentives and corporate debt maturity: Evidence from FAS 123R," Journal of Corporate Finance, Elsevier, vol. 56(C), pages 388-414.
    26. Chen, Jie & Leung, Woon Sau & Song, Wei & Avino, Davide, 2023. "Does CDS trading affect risk-taking incentives in managerial compensation?," Journal of Banking & Finance, Elsevier, vol. 151(C).
    27. Niklas Kreilkamp & Sascha Matanovic & Maximilian Schmidt & Arnt Wöhrmann, 2023. "How executive incentive design affects risk-taking: a literature review," Review of Managerial Science, Springer, vol. 17(7), pages 2349-2374, October.
    28. Ali, Searat & Hussain, Nazim & Iqbal, Jamshed, 2021. "Corporate governance and the insolvency risk of financial institutions," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    29. Saibal Ghosh, 2025. "Tone at the top: leadership makeover and ESG focus in Indian private banks," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(4), pages 1112-1125, December.
    30. Chen, Yangyang & Hasan, Iftekhar & Saffar, Walid & Zolotoy, Leon, 2021. "Executive Equity Risk-Taking Incentives and Firms’ Choice of Debt Structure," Journal of Banking & Finance, Elsevier, vol. 133(C).
    31. Belghitar, Yacine & Clark, Ephraim, 2015. "Managerial risk incentives and investment related agency costs," International Review of Financial Analysis, Elsevier, vol. 38(C), pages 191-197.
    32. Zhang, Zhuang & Chizema, Amon & Kuo, Jing-Ming & Zhang, Qingjing, 2022. "Managerial risk-reducing incentives and social and exchange capital," The British Accounting Review, Elsevier, vol. 54(6).
    33. Jeong-Bon Kim & Li Li & Mary L. Z. Ma & Frank M. Song, 2013. "CEO Option Compensation, Risk-Taking Incentives, and Systemic Risk in the Banking Industry," Working Papers 182013, Hong Kong Institute for Monetary Research.
    34. Kim, Jeong-Bon & Li, Yinghua & Zhang, Liandong, 2011. "CFOs versus CEOs: Equity incentives and crashes," Journal of Financial Economics, Elsevier, vol. 101(3), pages 713-730, September.
    35. Wonjae Chang & Michael Dambra & Bryce Schonberger & Inho Suk, 2023. "Does Sensationalism Affect Executive Compensation? Evidence from Pay Ratio Disclosure Reform," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 61(1), pages 187-242, March.
    36. Susana Álvarez-Díez & J. Baixauli-Soler & María Belda-Ruiz, 2014. "Are we using the wrong letters? An analysis of executive stock option Greeks," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 22(2), pages 237-262, June.
    37. Cai, Yongbin & Li, Mengzhe, 2022. "CEO-CFO tenure consistency and audit fees," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    38. Anderson, Christopher W. & Babajide Wintoki, M. & Xi, Yaoyi, 2024. "CFO social capital, liquidity management, and the market value of cash✰," Journal of Banking & Finance, Elsevier, vol. 163(C).
    39. Bharat Kumar Meher & Puja Kumari & Ramona Birau & Cristi Spulbar & Abhishek Anand & Ion Florescu, 2024. "Forecasting Volatility Spillovers Using Advanced GARCH Models: Empirical Evidence for Developed Stock Markets from Austria and USA," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 16-29.
    40. Cronqvist, Henrik & Ladika, Tomislav & Pazaj, Elisa & Sautner, Zacharias, 2024. "Limited attention to detail in financial markets: Evidence from reduced-form and structural estimation," Journal of Financial Economics, Elsevier, vol. 154(C).
    41. Muhammad Atif & Searat Ali, 2021. "Environmental, social and governance disclosure and default risk," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3937-3959, December.
    42. Firk, Sebastian & Detzen, Nina & Hennig, Jan C. & Wolff, Michael, 2024. "Strengthening the CEO–CFO interplay: The role of regulatory focus and similar compensation plans," Accounting, Organizations and Society, Elsevier, vol. 113(C).
    43. Jin-hui Luo & Zeyue Huang & Xue Li & Xiaojing Lin, 2018. "Are Women CEOs Valuable in Terms of Bank Loan Costs? Evidence from China," Journal of Business Ethics, Springer, vol. 153(2), pages 337-355, December.
    44. Sebastian Gryglewicz & Barney Hartman-Glaser & Geoffery Zheng, 2020. "Growth Options, Incentives, and Pay for Performance: Theory and Evidence," Management Science, INFORMS, vol. 66(3), pages 1248-1277, March.
    45. Datta, Sudip & Doan, Trang & Toscano, Francesca, 2021. "Top executive gender, board gender diversity, and financing decisions: Evidence from debt structure choice," Journal of Banking & Finance, Elsevier, vol. 125(C).
    46. Bayat, Ali & Goergen, Marc, 2025. "CEO political ideology and payout policy," Journal of Banking & Finance, Elsevier, vol. 172(C).
    47. Florackis, Chris & Sainani, Sushil, 2018. "How do chief financial officers influence corporate cash policies?," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 168-191.
    48. Gormley, Todd A. & Matsa, David A. & Milbourn, Todd, 2013. "CEO compensation and corporate risk: Evidence from a natural experiment," Journal of Accounting and Economics, Elsevier, vol. 56(2), pages 79-101.
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    50. Jian Wang & Yanhuang Huang & Hongrui Feng & Xingjian Li & Shu Yan, 2023. "CEO incentive compensation and stock price momentum," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 975-1028, April.
    51. Li, Yiwei & Zeng, Yeqin, 2019. "The impact of top executive gender on asset prices: Evidence from stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 528-550.
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    53. Yuping Jia & Laurence Van Lent & Yachang Zeng, 2014. "Masculinity, Testosterone, and Financial Misreporting," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 52(5), pages 1195-1246, December.
    54. Xi Zhong & Liuyang Ren & Ge Ren, 2023. "Does performance persistence below aspirations affect firms' accounting information disclosure strategies? An empirical study based on reliability and comparability," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 32(3), pages 1060-1077, July.
    55. Chun-An Li & Tse-Mao Lin & Yu-Wen Huang, 2018. "Managerial Overconfidence, Compensation Induced Risk Taking, And Earnings Management," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 12(2), pages 1-26.
    56. Bienz, Carsten & Thorburn, Karin S. & Walz, Uwe, 2023. "Fund ownership, wealth, and risk-taking: Evidence on private equity managers," Journal of Financial Intermediation, Elsevier, vol. 54(C).
    57. Barbi, Massimiliano & Febo, Valentina, 2025. "Facial masculinity, risk preferences, and corporate hedging," International Review of Financial Analysis, Elsevier, vol. 103(C).
    58. Dai, Yunhao & Chao, Yang & Wang, Li, 2021. "The brain gain of CFOs in China: The case of analyst forecasts," International Review of Financial Analysis, Elsevier, vol. 75(C).
    59. Lambrecht, Bart & Chen, Shiqi, 2019. "Financial Policies and Internal Governance with Heterogeneous Risk Preferences," CEPR Discussion Papers 13888, Centre for Economic Policy Research.
    60. Kelly Shue & Richard Townsend, 2017. "How do Quasi-Random Option Grants Affect CEO Risk-Taking?," NBER Working Papers 23091, National Bureau of Economic Research, Inc.
    61. Farshadfar, Shadi & Samarbakhsh, Laleh & Jahan, Ismat, 2025. "Executive age, executive gender and financial statement comparability," Advances in accounting, Elsevier, vol. 68(C).
    62. Gene Lai & Gunratan Lonare & Zifen Zeng, 2026. "CEO conscientiousness and reserve errors: evidence from US property-liability insurers," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 51(2), pages 340-398, April.
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    2. Jean Helwege & Jing-Zhi Huang & Yuan Wang, 2017. "Debt Covenants and Cross-Sectional Equity Returns," Management Science, INFORMS, vol. 63(6), pages 1835-1854, June.
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    22. Chris Godfrey & Chris Brooks, 2015. "The Negative Credit Risk Premium Puzzle: A Limits to Arbitrage Story," ICMA Centre Discussion Papers in Finance icma-dp2015-07, Henley Business School, University of Reading.
    23. Christoph Görtz & Christopher Gunn & Thomas Lubik, "undated". "What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs," Carleton Economic Papers 19-09, Carleton University, Department of Economics.
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    26. Karel Brůna & Martin Mandel, 2020. "Analýza vývoje čistých domácích a zahraničních aktiv bankovní soustavy (příklad České republiky v letech 1996-2017) [Analysis of Dynamics of Net Home and Foreign Assets of Banking Systems Using the Case of the Czech Republic in 1996-2017]," Politická ekonomie, Prague University of Economics and Business, vol. 2020(5), pages 489-514.
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    30. Pengguo Wang, 2018. "Future Realized Return, Firm‐specific Risk and the Implied Expected Return," Abacus, Accounting Foundation, University of Sydney, vol. 54(1), pages 105-132, March.
    31. Massimo Biasin & Roy Cerqueti & Emanuela Giacomini & Nicoletta Marinelli & Anna Grazia Quaranta & Luca Riccetti, 2019. "Macro Asset Allocation with Social Impact Investments," Sustainability, MDPI, vol. 11(11), pages 1-19, June.
    32. Alexander Nekrasov & Maria Ogneva, 2011. "Using earnings forecasts to simultaneously estimate firm-specific cost of equity and long-term growth," Review of Accounting Studies, Springer, vol. 16(3), pages 414-457, September.
    33. Munawar Shabbir & Shazia Hassan & Ayesha Zareef, 2018. "Impact of Market Risk on Credit Risk of Subsequent Period in Manufacturing Sector of Pakistan," Global Social Sciences Review, Humanity Only, vol. 3(3), pages 281-299, September.
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    35. Chen, Jie & Hill, Paula, 2013. "The impact of diverse measures of default risk on UK stock returns," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5118-5131.
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    1. Jing Gu & Junyao Wang & Yang Yang & Zeshui Xu, 2019. "Credit Line Models for Supply Chain Enterprises with Channel Background and Soft Information," Sustainability, MDPI, vol. 11(10), pages 1-20, May.
    2. Sudipto Sarkar & Chuanqian Zhang, 2016. "Loan-commitment borrowing and performance-sensitive debt," Review of Quantitative Finance and Accounting, Springer, vol. 47(4), pages 973-986, November.
    3. Mauer, David C. & Sarkar, Sudipto, 2005. "Real options, agency conflicts, and optimal capital structure," Journal of Banking & Finance, Elsevier, vol. 29(6), pages 1405-1428, June.
    4. Evan Gatev & Philip E. Strahan, 2003. "Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market," Center for Financial Institutions Working Papers 03-01, Wharton School Center for Financial Institutions, University of Pennsylvania.
    5. Jarrow, Robert & Li, Haitao & Liu, Sheen & Wu, Chunchi, 2010. "Reduced-form valuation of callable corporate bonds: Theory and evidence," Journal of Financial Economics, Elsevier, vol. 95(2), pages 227-248, February.
    6. Wayne Landsman, 2006. "Fair value accounting for financial instruments: some implications for bank regulation," BIS Working Papers 209, Bank for International Settlements.
    7. Evan Gatev & Philip E. Strahan, 2003. "Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market," NBER Working Papers 9956, National Bureau of Economic Research, Inc.
    8. Joao A. C. Santos & S. Vish Viswanathan, 2020. "Bank Syndicates and Liquidity Provision," NBER Working Papers 27701, National Bureau of Economic Research, Inc.
    9. Koussis, Nicos & Martzoukos, Spiros H., 2022. "Credit line pricing under heterogeneous risk beliefs," International Journal of Production Economics, Elsevier, vol. 243(C).

  28. Sudheer Chava & Michael R. Roberts, 2008. "How Does Financing Impact Investment? The Role of Debt Covenants," Journal of Finance, American Finance Association, vol. 63(5), pages 2085-2121, October.

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    1. Teena Rachel Philip & Daniela Sanchez & Juan Manuel Sanchez, 2023. "CEO performance‐based grants’ vesting provisions and debt contracts: Evidence from GAAP, Non‐GAAP and KPI metrics," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(5-6), pages 973-1028, May.
    2. Hao, Jie & Pham, Viet & Sánchez, Daniela & Sánchez, Juan Manuel, 2021. "Perceptions of corporate corruption culture and debt contracting," Journal of Corporate Finance, Elsevier, vol. 71(C).
    3. Caroline Flammer & Ioannis Ioannou, 2021. "Strategic management during the financial crisis: How firms adjust their strategic investments in response to credit market disruptions," Strategic Management Journal, Wiley Blackwell, vol. 42(7), pages 1275-1298, July.
    4. Godlewski, Christophe J., 2015. "The certification value of private debt renegotiation and the design of financial contracts: Empirical evidence from Europe," Journal of Banking & Finance, Elsevier, vol. 53(C), pages 1-17.
    5. Aguir, Wael & Ater, Brandon & Anabila, Andrew A. & Sobngwi, Christian Kuiate, 2022. "The role of shared auditors in loan contracts," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 87-97.
    6. Gustafson, Matthew T., 2018. "Inter-market competition and bank loan spreads: Evidence from the securities offering reform," Journal of Banking & Finance, Elsevier, vol. 94(C), pages 107-117.
    7. Gu, Yuqi & Ouyang, Bo, 2024. "Debt covenant violations and corporate cost management," Advances in accounting, Elsevier, vol. 65(C).
    8. Urooj Khan & Alvis K. Lo, 2019. "Bank Lending Standards and Borrower Accounting Conservatism," Management Science, INFORMS, vol. 65(11), pages 5337-5359, November.
    9. Iñaki Aldasoro & Sebastian Doerr & Haonan Zhou, 2022. "Non-bank lenders in the syndicated loan market," BIS Quarterly Review, Bank for International Settlements, March.
    10. Bermpei, Theodora & Degl’Innocenti, Marta & Kalyvas, Antonios Nikolaos & Zhou, Si, 2023. "Lender individualism and monitoring: Evidence from syndicated loans," Journal of Financial Stability, Elsevier, vol. 66(C).
    11. Ippolito, Filippo & Ozdagli, Ali K. & Perez-Orive, Ander, 2018. "The transmission of monetary policy through bank lending: The floating rate channel," Journal of Monetary Economics, Elsevier, vol. 95(C), pages 49-71.
    12. Thomas R. Kubick & G. Brandon Lockhart & David C. Mauer, 2025. "CEO tax burden and debt contracting," Review of Accounting Studies, Springer, vol. 30(1), pages 738-775, March.
    13. Alanis, Emmanuel, 2020. "Is there valuable private information in credit ratings?," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    14. Ca Nguyen & John K. Wald, 2022. "Debt maturity and the choice between bank loans and public bonds," Review of Quantitative Finance and Accounting, Springer, vol. 59(1), pages 239-272, July.
    15. Lockhart, George Brandon & Unlu, Emre, 2018. "Does corporate lobbying activity provide useful information to credit markets?," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 128-157.
    16. Liu, Frank Hong & Wu, Qiang & Zhou, Yue, 2024. "Bank deregulation and corporate social responsibility," Journal of Financial Stability, Elsevier, vol. 74(C).
    17. Li, Yuan & Wong, Tak-Yuen & Zhao, Siqi, 2025. "Present bias: Understanding zero leverage policy and unstable capital structure," Journal of Mathematical Economics, Elsevier, vol. 119(C).
    18. Hasan, Md Mahmudul, 2025. "Private lenders and borrowers' internal control-related private information," Advances in accounting, Elsevier, vol. 68(C).
    19. Marcus Kirk & Zhenhao Jeffery Piao, 2025. "Investor-firm private interactions and informed trading: Evidence from New York City taxi patterns," Review of Accounting Studies, Springer, vol. 30(2), pages 1136-1174, June.
    20. Jean Helwege & Jing-Zhi Huang & Yuan Wang, 2017. "Debt Covenants and Cross-Sectional Equity Returns," Management Science, INFORMS, vol. 63(6), pages 1835-1854, June.
    21. Wulung Li, 2021. "The role of accounting quality in corporate liquidity management," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 2631-2670, June.
    22. Chen, Haosi & Maslar, David A. & Serfling, Matthew, 2020. "Asset redeployability and the choice between bank debt and public debt," Journal of Corporate Finance, Elsevier, vol. 64(C).
    23. Bazzana, Flavio & Zadorozhnaya, Anna & Gabriele, Roberto, 2018. "The role of covenants in bond issue. The case of Russian companies," Emerging Markets Review, Elsevier, vol. 36(C), pages 1-18.
    24. Lee, Edward & Pappas, Kostas & Xu, Alice Liang, 2020. "Foreign Lenders’ adoption of performance pricing provisions in syndicated loans," Journal of Banking & Finance, Elsevier, vol. 118(C).
    25. Björn Imbierowicz & Daniel Streitz, 2024. "Financial debt contracting and managerial agency problems," Financial Management, Financial Management Association International, vol. 53(1), pages 99-118, March.
    26. Clark, Brian & Donato, James & Francis, Bill B., 2023. "Credit default swaps and debt specialization," Journal of Financial Intermediation, Elsevier, vol. 54(C).
    27. Kevin F. Kiernan & Vladimir Yankov & Filip Zikes, 2021. "Liquidity Provision and Co-insurance in Bank Syndicates," Finance and Economics Discussion Series 2021-060, Board of Governors of the Federal Reserve System (U.S.).
    28. Lin, Chih-Yung & Chen, Yan-Shing & Yen, Ju-Fang, 2014. "On the determinant of bank loan contracts: The roles of borrowers’ ownership and board structures," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(4), pages 500-512.
    29. Degryse, Hans & Mariathasan, Mike & Tang, Hien T., 2023. "GSIB status and corporate lending," Journal of Corporate Finance, Elsevier, vol. 80(C).
    30. Isil Erel & Brandon Julio & Woojin Kim & Michael S. Weisbach, 2011. "Macroeconomic Conditions and Capital Raising," NBER Working Papers 16941, National Bureau of Economic Research, Inc.
    31. Daniel Ferr s & Gaizka Ormazabal & Paul Povel & Giorgo Sertsios, 2016. "Capital Structure Under Collusion," Documentos de Trabajo/Working Papers 1608, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
    32. Huizinga, Harry & Demirgüç-Kunt, Asli & Horváth, Bálint, 2017. "Foreign Banks and International Transmission of Monetary Policy: Evidence from the Syndicated Loan Market," CEPR Discussion Papers 11796, Centre for Economic Policy Research.
    33. Yili Lian, 2018. "Bank competition and the cost of bank loans," Review of Quantitative Finance and Accounting, Springer, vol. 51(1), pages 253-282, July.
    34. Aivazian, Varouj A. & Qiu, Jiaping & Rahaman, Mohammad M., 2015. "Bank loan contracting and corporate diversification: Does organizational structure matter to lenders?," Journal of Financial Intermediation, Elsevier, vol. 24(2), pages 252-282.
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    719. Beyhaghi, Mehdi & Massoud, Nadia & Saunders, Anthony, 2017. "Why and how do banks lay off credit risk? The choice between retention, loan sales and credit default swaps," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 335-355.
    720. Kuang, Chun & Yang, Jiawen & Zhu, Wenyu, 2024. "Reserve holding and bank lending," Journal of Empirical Finance, Elsevier, vol. 77(C).
    721. Jiang, Liangliang & Wang, Chong, 2024. "Lending corruption and bank loan contracting: Cross-Country evidence," Journal of Contemporary Accounting and Economics, Elsevier, vol. 20(2).
    722. Ru Gao & Baljit K. Sidhu, 2018. "The Impact of Mandatory International Financial Reporting Standards Adoption on Investment Efficiency: Standards, Enforcement, and Reporting Incentives," Abacus, Accounting Foundation, University of Sydney, vol. 54(3), pages 277-318, September.
    723. Shang, Chenguang, 2021. "Dare to play with fire? Managerial ability and the use of short-term debt," Journal of Corporate Finance, Elsevier, vol. 70(C).
    724. Saunders, Anthony & Shao, Pei & Xiao, Yuchao, 2024. "Private information disclosure in the secondary loan market and its impact on equity market trading costs," Journal of Financial Markets, Elsevier, vol. 67(C).
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    726. Yun Zhu, 2015. "Political uncertainty and non-pricing terms of financial contract," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 77-109, June.
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    728. Chen, Jiayuan & Gong, Di & Muckley, Cal, 2020. "Stock market illiquidity, bargaining power and the cost of borrowing," Journal of Empirical Finance, Elsevier, vol. 58(C), pages 181-206.
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    730. Hans Degryse & Sotirios Kokas & Raoul Minetti & Valentina Peruzzi, 2025. "Bank Information and Firm Growth: Microeconomic Evidence from the US Credit Market," Journal of Financial Services Research, Springer;Western Finance Association, vol. 68(3), pages 381-422, December.
    731. Biao Mi & Liang Han, 2020. "Banking market concentration and syndicated loan prices," Review of Quantitative Finance and Accounting, Springer, vol. 54(1), pages 1-28, January.
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    733. Keil, Jan, 2023. "Lending relationships when creditors are in control," Journal of Corporate Finance, Elsevier, vol. 79(C).
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    736. Young Sang Kim & Junyoup Lee & Ha-Chin Yi, 2021. "Is Foreign Exchange Risk Priced in Bank Loan Spreads?," Review of Quantitative Finance and Accounting, Springer, vol. 57(3), pages 1061-1092, October.
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  29. Chava, Sudheer & Purnanandam, Amiyatosh, 2007. "Determinants of the floating-to-fixed rate debt structure of firms," Journal of Financial Economics, Elsevier, vol. 85(3), pages 755-786, September.

    Cited by:

    1. Landier, Augustin & Sraer, David & Thesmar, David, 2013. "Banks Exposure to Interest Rate Risk and The Transmission of Monetary Policy," TSE Working Papers 13-438, Toulouse School of Economics (TSE).
    2. Shane Magee, 2013. "The effect of foreign currency hedging on the probability of financial distress," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 53(4), pages 1107-1127, December.
    3. Chava, Sudheer & Purnanandam, Amiyatosh, 2010. "CEOs versus CFOs: Incentives and corporate policies," Journal of Financial Economics, Elsevier, vol. 97(2), pages 263-278, August.
    4. Purnanandam, Amiyatosh, 2007. "Interest rate derivatives at commercial banks: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1769-1808, September.
    5. , & Ozdagli, Ali & Ippolito, Filippo, 2013. "Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market," CEPR Discussion Papers 9696, Centre for Economic Policy Research.
    6. James Vickery, 2005. "How and why do small firms manage interest rate risk? Evidence from commercial loans," Staff Reports 215, Federal Reserve Bank of New York.
    7. Mueller, Elisabeth, 2008. "How does owners' exposure to idiosyncratic risk influence the capital structure of private companies?," Journal of Empirical Finance, Elsevier, vol. 15(2), pages 185-198, March.
    8. Kimberly A. Whitler & Ben Lee & Sarah Young, 2022. "The impact of boards of directors on chief marketing officer performance: Framing and research agenda," AMS Review, Springer;Academy of Marketing Science, vol. 12(1), pages 116-136, June.
    9. Li, Yiwei & Zeng, Yeqin, 2019. "The impact of top executive gender on asset prices: Evidence from stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 528-550.
    10. Cheng-Few Lee & Chengru Hu & Maggie Foley, 2021. "Differential risk effect of inside debt, CEO compensation diversification, and firm investment," Review of Quantitative Finance and Accounting, Springer, vol. 56(2), pages 505-543, February.
    11. Ulrike Malmendier & Vincenzo Pezone & Hui Zheng, 2023. "Managerial Duties and Managerial Biases," Management Science, INFORMS, vol. 69(6), pages 3174-3201, June.
    12. Duong, Kiet Tuan & Banti, Chiara & Instefjord, Norvald, 2021. "Managerial conservatism and corporate policies," Journal of Corporate Finance, Elsevier, vol. 68(C).
    13. De Cesari, Amedeo & Ozkan, Neslihan, 2015. "Executive incentives and payout policy: Empirical evidence from Europe," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 70-91.
    14. Martellini, Lionel & Milhau, Vincent & Tarelli, Andrea, 2018. "Capital structure decisions and the optimal design of corporate market debt prograams," Journal of Corporate Finance, Elsevier, vol. 49(C), pages 141-167.
    15. Yangyang Chen & Cameron Truong & Madhu Veeraraghavan, 2015. "CEO Risk-Taking Incentives and the Cost of Equity Capital," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 42(7-8), pages 915-946, September.
    16. Oberoi, Jaideep, 2018. "Interest rate risk management and the mix of fixed and floating rate debt," Journal of Banking & Finance, Elsevier, vol. 86(C), pages 70-86.
    17. Joy Begley & Sandra Chamberlain & Shuo Yang & Jenny Li Zhang, 2015. "CEO incentives and the health of defined benefit pension plans," Review of Accounting Studies, Springer, vol. 20(3), pages 1013-1058, September.
    18. Castro, Paula & Keasey, Kevin & Amor-Tapia, Borja & Tascon, Maria T. & Vallascas, Francesco, 2020. "Does debt concentration depend on the risk-taking incentives in CEO compensation?," Journal of Corporate Finance, Elsevier, vol. 64(C).
    19. Wulung Li & Ramachandran Natarajan & Yan Zhao & Kenneth Zheng, 2021. "The effect of management control mechanisms through risk-taking incentives on asymmetric cost behavior," Review of Quantitative Finance and Accounting, Springer, vol. 56(1), pages 219-243, January.
    20. Anantharaman, Divya & Lee, Yong Gyu, 2014. "Managerial risk taking incentives and corporate pension policy," Journal of Financial Economics, Elsevier, vol. 111(2), pages 328-351.
    21. Li, Ying & Li, Lingxiao & Zhu, Bing, 2026. "Executive Compensation and Secured Debt: Evidence from REITs," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277606, Verein für Socialpolitik / German Economic Association, revised 2026.
    22. Vickery, James, 2008. "How and why do small firms manage interest rate risk," Journal of Financial Economics, Elsevier, vol. 87(2), pages 446-470, February.

  30. Sudheer Chava & Robert A. Jarrow, 2004. "Bankruptcy Prediction with Industry Effects," Review of Finance, European Finance Association, vol. 8(4), pages 537-569.

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    1. Abinzano, Isabel & Gonzalez-Urteaga, Ana & Muga, Luis & Sanchez, Santiago, 2020. "Performance of default-risk measures: the sample matters," Journal of Banking & Finance, Elsevier, vol. 120(C).
    2. Elena Beccalli & Pascal Frantz, 2013. "The Determinants of Mergers and Acquisitions in Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 43(3), pages 265-291, June.
    3. Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2017. "‘In the Short Run Blasé, in the Long Run Risqué’. On the Effects of Monetary Policy on Bank Credit Risk-Taking in the Short versus Long Run," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(3), pages 181-226.
    4. Cathcart, Lara & Dufour, Alfonso & Rossi, Ludovico & Varotto, Simone, 2020. "The differential impact of leverage on the default risk of small and large firms," Journal of Corporate Finance, Elsevier, vol. 60(C).
    5. Duffie, Darrell & Saita, Leandro & Wang, Ke, 2007. "Multi-period corporate default prediction with stochastic covariates," Journal of Financial Economics, Elsevier, vol. 83(3), pages 635-665, March.
    6. Ahsan Habib & Mabel D' Costa & Hedy Jiaying Huang & Md. Borhan Uddin Bhuiyan & Li Sun, 2020. "Determinants and consequences of financial distress: review of the empirical literature," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(S1), pages 1023-1075, April.
    7. Singh, Manish K. & Gómez-Puig, Marta & Sosvilla-Rivero, Simón, 2015. "Bank risk behavior and connectedness in EMU countries," Journal of International Money and Finance, Elsevier, vol. 57(C), pages 161-184.
    8. Yoshiyuki ARATA, 2018. "Bankruptcy propagation on a customer-supplier network: An empirical analysis in Japan," Discussion papers 18040, Research Institute of Economy, Trade and Industry (RIETI).
    9. Huang, Hsiao-Tzu & Hwang, Yawen & Chan, Linus Fang-Shu & Tsai, Chenghsien Jason, 2024. "Value-enhancing modeling of surrenders and lapses," Insurance: Mathematics and Economics, Elsevier, vol. 119(C), pages 48-63.
    10. Realdon, Marco, 2013. "Credit risk, valuation and fundamental analysis," International Review of Financial Analysis, Elsevier, vol. 27(C), pages 77-90.
    11. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the Short Run Blasé, In the Long Run Risqué”," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 181-226, August.
    12. B Korcan Ak & Patricia M Dechow & Yuan Sun & Annika Yu Wang, 2013. "The use of financial ratio models to help investors predict and interpret significant corporate events," Australian Journal of Management, Australian School of Business, vol. 38(3), pages 553-598, December.
    13. Annette Vissing-Jorgensen & Arvind Krishnamurthy, 2008. "The Aggregate Demand for Treasury Debt," 2008 Meeting Papers 713, Society for Economic Dynamics.
    14. Michał Thor & Łukasz Postek, 2024. "Gated recurrent unit network: A promising approach to corporate default prediction," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(5), pages 1131-1152, August.
    15. Andreou, Christoforos K. & Andreou, Panayiotis C. & Lambertides, Neophytos, 2021. "Financial distress risk and stock price crashes," Journal of Corporate Finance, Elsevier, vol. 67(C).
    16. Premachandra, I.M. & Bhabra, Gurmeet Singh & Sueyoshi, Toshiyuki, 2009. "DEA as a tool for bankruptcy assessment: A comparative study with logistic regression technique," European Journal of Operational Research, Elsevier, vol. 193(2), pages 412-424, March.
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    22. Nidhi Aggarwal & Manish K. Singh & Susan Thomas, 2022. "Do decreases in Distance-to-Default predict rating downgrades?," Working Papers 14, xKDR.
    23. Miguel Ampudia & Filippo Busetto & Fabio Fornari, 2022. "Chronicle of a death foretold: does higher volatility anticipate corporate default?," Bank of England Staff Working Paper series 1001, Bank of England.
    24. Cole, Rebel A. & Wu, Qiongbing, 2009. "Is hazard or probit more accurate in predicting financial distress? Evidence from U.S. bank failures," MPRA Paper 24688, University Library of Munich, Germany, revised 01 Aug 2010.
    25. Ruey-Ching Hwang & Huimin Chung & Jiun-Yi Ku, 2013. "Predicting Recurrent Financial Distresses with Autocorrelation Structure: An Empirical Analysis from an Emerging Market," Journal of Financial Services Research, Springer;Western Finance Association, vol. 43(3), pages 321-341, June.
    26. Kaiser, Ulrich & Kuhn, Johan M., 2020. "The value of publicly available, textual and non-textual information for startup performance prediction," ZEW Discussion Papers 20-012, ZEW - Leibniz Centre for European Economic Research.
    27. De Bock, Koen W. & Coussement, Kristof & Lessmann, Stefan, 2020. "Cost-sensitive business failure prediction when misclassification costs are uncertain: A heterogeneous ensemble selection approach," European Journal of Operational Research, Elsevier, vol. 285(2), pages 612-630.
    28. Giesecke, Kay & Longstaff, Francis A. & Schaefer, Stephen & Strebulaev, Ilya, 2011. "Corporate bond default risk: A 150-year perspective," Journal of Financial Economics, Elsevier, vol. 102(2), pages 233-250.
    29. Anastasios Petropoulos & Vasilis Siakoulis & Evaggelos Stavroulakis & Aristotelis Klamargias, 2019. "A robust machine learning approach for credit risk analysis of large loan level datasets using deep learning and extreme gradient boosting," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    30. Mahfuz Chy & Ole-Kristian Hope, 2021. "Real effects of auditor conservatism," Review of Accounting Studies, Springer, vol. 26(2), pages 730-771, June.
    31. Qin, Zhaohui & Wang, Xiaowan & Chen, Yijie & Fan, Yali & Andrianarimanana, Mihasina Harinaivo & Gai, Dhornor Tarir Duok, 2024. "Time-varying default risk of Chinese-listed companies: From empirical test to theoretical conjecture," Finance Research Letters, Elsevier, vol. 67(PA).
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    37. Apergis, Nicholas & Danuletiu, Dan & Xu, Bing, 2022. "CDS spreads and COVID-19 pandemic," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 76(C).
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    39. Theodore Metaxas & Athanasios Romanopoulos, 2023. "A Literature Review on the Financial Determinants of Hotel Default," JRFM, MDPI, vol. 16(7), pages 1-19, July.
    40. Das, Sanjiv R. & Hanouna, Paul & Sarin, Atulya, 2009. "Accounting-based versus market-based cross-sectional models of CDS spreads," Journal of Banking & Finance, Elsevier, vol. 33(4), pages 719-730, April.
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    44. Maria Correia & Scott Richardson & İrem Tuna, 2012. "Value investing in credit markets," Review of Accounting Studies, Springer, vol. 17(3), pages 572-609, September.
    45. Koen W. de Bock & Kristof Coussement & Stefan Lessmann, 2020. "Cost-sensitive business failure prediction when misclassification costs are uncertain: A heterogeneous ensemble selection approach," Post-Print hal-02863245, HAL.
    46. Hwang, Ruey-Ching & Chung, Huimin & Chu, C.K., 2010. "Predicting issuer credit ratings using a semiparametric method," Journal of Empirical Finance, Elsevier, vol. 17(1), pages 120-137, January.
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    48. Alnoor Bhimani & Mohamed Azzim Gulamhussen & Samuel Rocha Lopes, 2014. "Owner liability and financial reporting information as predictors of firm default in bank loans," Review of Accounting Studies, Springer, vol. 19(2), pages 769-804, June.
    49. Nijskens, Rob & Mokas, Dimitris, 2019. "Credit Risk in Commercial Real Estate Bank Loans : The Role of Idiosyncratic versus Macro-Economic Factors," Other publications TiSEM ea4f2f0e-dc50-4987-91d3-6, Tilburg University, School of Economics and Management.
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Chapters

  1. Sudheer Chava & Robert A. Jarrow, 2008. "Bankruptcy Prediction with Industry Effects," World Scientific Book Chapters, in: Financial Derivatives Pricing Selected Works of Robert Jarrow, chapter 21, pages 517-549, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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