Zobrazeno 1 - 10
of 205
pro vyhledávání: '"Alexander W. Butler"'
Publikováno v:
Financial Review. 57:775-791
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0e88573c2ac23c80516ccdf0703e24d4
https://doi.org/10.1111/fire.12317
https://doi.org/10.1111/fire.12317
Publikováno v:
Journal of Financial and Quantitative Analysis. 58:1263-1294
The average maturity of newly issued corporate bonds has declined substantially over the past 40 years, and the traditional determinants of debt maturity fail to explain this decline fully. We show that the changing composition of investors in the co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e48e7926e5c6164936a6a156d07dfaa7
https://doi.org/10.1017/s0022109022000692
https://doi.org/10.1017/s0022109022000692
Publikováno v:
The Review of Financial Studies. 36:1-41
We document racial disparities in auto lending. Combining credit bureau records with borrower characteristics, we find that Black and Hispanic applicants’ approval rates are 1.5 percentage points lower, even after controlling for creditworthiness.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::842ea138631a6f09d1eabd7aea39500a
https://doi.org/10.1093/rfs/hhac029
https://doi.org/10.1093/rfs/hhac029
Publikováno v:
Management Science. 67:3150-3173
We study the influence of credit default swaps (CDS) trading on the costs of bond intermediation. After CDS initiation, CDS firms pay 12% to 28% (8 to 20 basis points) lower underwriting fees than similar non-CDS firms do. Underwriting fees decline m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::98e8d5a7a8a70dea97393e6a67a69996
https://doi.org/10.1287/mnsc.2019.3560
https://doi.org/10.1287/mnsc.2019.3560
Publikováno v:
Journal of Financial and Quantitative Analysis. 54:1025-1050
We show that initial public offerings (IPOs) have nontrivial positive spillover effects on local labor markets, business environments, consumer spending, real estate, and migration. We mitigate endogeneity concerns about unobserved heterogeneity with
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cea46c82f62276cf00280d80c65deb4f
https://doi.org/10.1017/s0022109019000188
https://doi.org/10.1017/s0022109019000188
Autor:
Alexander W. Butler, Hanyi Yi
Publikováno v:
Journal of Public Economics. 211:104665
We examine the impact of population aging on municipal access to credit. A one standard deviation increase in a state’s population age leads to a 23 basis point increase in municipal bond issue spread. Three mechanisms drive this effect: income tax
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2f0feb23b8c5526c66457191cae7d189
https://doi.org/10.1016/j.jpubeco.2022.104665
https://doi.org/10.1016/j.jpubeco.2022.104665
Publikováno v:
SSRN Electronic Journal.
We illustrate the sensitivity of two-way fixed effects difference-indifferences estimates to innocuous changes in data structure. Using the staggered rollout of state-level bank branching deregulations, three outcome variables are brought to bear on
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fba9db2137a07a8629a90b0c8f90240b
https://doi.org/10.2139/ssrn.3871311
https://doi.org/10.2139/ssrn.3871311
Publikováno v:
SSRN Electronic Journal.
We link consumer credit bureau data to data on household demographics and consumption choices. We show that financial stress changes consumers’ consumption patterns. Not only does financial stress change how and where consumers shop, but it also af
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fb4f8d9b792b57eb57ac3bc9d5cda564
https://doi.org/10.2139/ssrn.3530165
https://doi.org/10.2139/ssrn.3530165
Publikováno v:
Economics Letters. 206:109966
We quantify the value of social status using secondary market prices for Delaware license plates. Delaware plates are numbered sequentially, are private property, and can be legally bequeathed or traded. In Delaware, they are a valuable source of soc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bd252845bff89129361c23da3905a86d
https://doi.org/10.1016/j.econlet.2021.109966
https://doi.org/10.1016/j.econlet.2021.109966
Publikováno v:
Management Science. 63:4175-4187
This paper uses detailed data from an online peer-to-peer lending intermediary to test whether local access to finance affects consumers’ willingness to pay for loans. After controlling for local economic conditions and borrower credit quality, we
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d0b8326c94d8e00222f9af822e59205e
https://doi.org/10.1287/mnsc.2016.2560
https://doi.org/10.1287/mnsc.2016.2560