Výsledky vyhledávání - "Karolyi, S A"

Autor: Bird, A, Ertan, A, Ruchti, T G, Karolyi, S A

We use a threshold-based design to study ex post discretion in lenders’ contractual enforcement of covenant violations. At preset thresholds, lenders enforce contractual breaches only infrequently, but this enforcement is associated with material c

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::69eeca742579231ac4d621547fb95446
https://lbsresearch.london.edu/id/eprint/1536/8/lender-forbearance.pdf

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Short-termism spillovers from the financial industry

Autor: Bird, A, Ertan, A, Karolyi, S A, Ruchti, T G

To meet short-term benchmarks, lenders may alter their monitoring behavior, providing a channel for short-termism to spill over to their borrowers. We find that short-termist lenders are significantly more likely to enforce covenant breaches. This be

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::34f842ea9ae05cab6c99a151a247e693
https://lbsresearch.london.edu/id/eprint/1538/1/BEKR_Spillovers.pdf

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Earnings announcement return extrapolation

Autor: Ertan, A, Karolyi, S A, Kelly, P W, Stoumbos, R

We propose that extrapolative beliefs about earnings announcement (EA) returns may contribute to our understanding of EA return patterns. We construct a theoretically-motivated measure of extrapolative investors’ expectations based on a stock’s r

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::e10747a78a73ec8b0a36b9d175b8b54f
https://lbsresearch.london.edu/id/eprint/1540/1/Extrapolation_RAST-D-20-00048_R1.pdf

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