Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Rustom M. Irani"'
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::935e0d1a80d9444c14b083e80760a951
https://doi.org/10.1016/j.jfineco.2020.07.006
https://doi.org/10.1016/j.jfineco.2020.07.006
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7e5e9672936cadfd2b19dc8a021699d0
https://doi.org/10.1093/rfs/hhaa050
https://doi.org/10.1093/rfs/hhaa050
Publikováno v:
The Review of Financial Studies
We investigate the connections between bank capital regulation and the prevalence of lightly regulated nonbanks (shadow banks) in the U.S. corporate loan market. For identification, we exploit a supervisory credit register of syndicated loans, loan-t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::846fd8124be02c613e4bf2c0c8c09adc
https://hdl.handle.net/10419/233028
https://hdl.handle.net/10419/233028
Publikováno v:
The Review of Financial Studies, 31(3), 2855-2896. Oxford University Press
We examine a change in the European Central Bank’s collateral framework, which significantly lowered the rating requirement for eligible residential mortgage-backed securities (RMBS), and its impact on bank lending and risk-taking in the Netherland
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::901830137d9d497045256b14957f9a32
https://pure.eur.nl/en/publications/dbd1dc2b-a22c-455c-a900-b09832c84a4b
https://pure.eur.nl/en/publications/dbd1dc2b-a22c-455c-a900-b09832c84a4b
Autor:
Ralf R. Meisenzahl, Rustom M. Irani
Publikováno v:
The Review of Financial Studies. 30:3455-3501
We document the impact of banks’ liquidity management on secondary loan sales. We track the dynamics of bank loan share ownership in the secondary market using data from the Shared National Credit Program, a U.S. supervisory credit register of synd
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::979d99d3101c57e5c52c23a52e781e92
https://doi.org/10.1093/rfs/hhx024
https://doi.org/10.1093/rfs/hhx024
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bba214e8bb467c2d3c39b61a16e56c90
https://doi.org/10.2139/ssrn.3412538
https://doi.org/10.2139/ssrn.3412538
Autor:
David Oesch, Rustom M. Irani
Publikováno v:
Journal of Financial and Quantitative Analysis. 51:589-627
We study how securities analysts influence managers’ use of different types of earnings management. To isolate causality, we employ a quasi-experiment that exploits exogenous reductions in analyst following resulting from brokerage house mergers. W
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0c73dc266ab65ede48eebc3be4365035
https://doi.org/10.1017/s0022109016000156
https://doi.org/10.1017/s0022109016000156
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a59d10f6b48b7fe72e091c1870798924
https://doi.org/10.1093/rof/rfy036
https://doi.org/10.1093/rof/rfy036
Publikováno v:
SSRN Electronic Journal.
We analyze the effects of borrower-based macroprudential policy at the household-level. For identification, we exploit administrative Dutch tax-return and property ownership data linked to the universe of housing transactions, and the introduction of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5ea390158a3f03b904b29403ecf7b600
https://doi.org/10.2139/ssrn.3284670
https://doi.org/10.2139/ssrn.3284670
Autor:
David Oesch, Rustom M. Irani
Publikováno v:
Journal of Financial Economics. 109:398-418
Using an experimental design that exploits exogenous reductions in coverage resulting from brokerage house mergers, we find that a reduction in coverage causes a deterioration in financial reporting quality. The effect of coverage on disclosure is mo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8204e451c0af427ae91f542cb2af8380
https://doi.org/10.1016/j.jfineco.2013.02.021
https://doi.org/10.1016/j.jfineco.2013.02.021