Zobrazeno 1 - 10
of 15
pro vyhledávání: '"Nuri Ersahin"'
Publikováno v:
Journal of Financial Economics. 139:186-208
We examine the within-firm resource allocation and restructuring outcomes at firms violating debt covenants. Using establishment-level data from the US Census Bureau, we find that covenant violations are followed by reductions in employment, investme
Publikováno v:
The Review of Financial Studies. 34:1661-1698
We examine entrepreneurial activity following the staggered adoption of modern-day fraudulent transfer laws in the United States. These laws strengthen unsecured creditors’ rights and are particularly important for entrepreneurs whose personal asse
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
This paper examines the impact of competition on the investment behavior and outcomes of venture capital (VC) firms with differing reputations. Following the introduction of investor tax credit programs that increase competition, reputable VCs decrea
Autor:
Nuri Ersahin, Cagri Akkoyun
Publikováno v:
SSRN Electronic Journal.
Using historical firm-level patent and accounting data, we analyze how information disclosure affects firm innovation. To establish a causal link, we use the enactment of blue sky laws, the first form of investor protection laws, across some U.S. sta
Publikováno v:
SSRN Electronic Journal.
Previous research shows that stock repurchases that are caused by earnings management lead to reductions in firm-level investment and employment. It is natural to expect firms to cut less productive investment and employment first, which could lead t
Autor:
Nuri Ersahin, Rustom M. Irani
Publikováno v:
Review of Finance.
We analyze how firm-level shocks to collateral values influence employment outcomes among US corporations. Using comprehensive employment data from the US Census Bureau, we estimate that employment expenditures increase by $0.10 per $1 increase in fi
Autor:
Nuri Ersahin
Publikováno v:
SSRN Electronic Journal.
I use U.S. Census microdata to analyze the effect of stronger creditor rights on productivity. Following the adoption of antirecharacterization laws that give lenders greater access to the collateral of firms in financial distress, treated plants’