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We are currently preparing a revision for the 2nd round at the Journal of Financial Economics. ... It has received a Revise and Resubmit recommendation from the Journal of Financial Economics and I am currently preparing a revision for the 2nd round at

Publications:. “Target Revaluation after Failed Takeover Attempts – Cash versus Stock” (with Ulrike Malmendier and Marcus Opp), Journal of Financial Economics, forthcoming. ... Revise-and-resubmits:. “Are Universal Banks Better Intermediaries?”

This paper is currently under review at the Journal. of Financial Economics. ... I submitted the paper to. Journal of Financial Economics, a top-tier finance journal on March 16, 2017 and am.

which is commonly interpreted as a result of investors’ behavioural bias, is consistent. ... This paper was accepted for publication at Journal of Financial Economics in January.

Activities and Achievement Research works that help us understand the role of financial markets on economic growth will have a great deal of policy implications and will influence the priority that ... Dissemination I am revising the paper with my

We have submitted the paper to the Journal of Finance and the Journal of Financial. ... Economics. It was rejected at both places. The paper is currently under review at the.

Activities and Achievement. 1. Shadow Pills and Long-Term Firm Value. This paper has been presented at academic conferences and seminars and will be submitted to the Journal of Financial Economics ... Dissemination. 1. Shadow Pills and Long-Term Firm

We have submitted the paper to the Journal of Finance and the Journal of Financial Economics. ... The paper has been presented at TAPMI Conference on Finance and Economics, Cass Business School, Imperial College, the University of Glasgow, and the

A co-designer of the FTSE 100 index, Elroy chairs FTSE's academic advisory board and serves on the Financial Analysts Journal council. ... Previous appointments Dr Chambers was a post-doctoral research fellow in the Department of Economics, University of

1 Introduction. Informational efficiency is a central tenet of financial economics. ... mechanism for information production and aggregation. The ability of financial markets to produce.

Campello, Graham, and Harvey (2010) report that 70% of financially constrained firmsincreased asset sales in the financial crisis, versus 37% of unconstrained firms. ... financial slack. While the literature on investment reversibility (e.g., Abel and

to argue that there is a scarcity of safe assets. In this vein, a recent Global Financial Stability. ... chennessy@london.edu. We thank seminar participants at Toulouse School of Economics, the Bachelier Seminar, Uni-.

of debt and equity as well as a characterization of corporate financial policy that can. ... the economic value of the productive asset under financial constraints. Indeed, under MM,.

investors somewhere in the economy? We propose a theory of financial fire sales. ... of real assets, unlike those of financial securities, can differ significantly among investors.

information at the onset of the firm’s financial distress. This result is consistent with empirical. ... While this intuition is helpful in explaining the liquidity of debt contracts in financial inter-.

follow-on round of financing. Non-pursued certification would send a negative signal. ... the value of securities issued by relatively unknown firms.3Empirical studies provide evidence that venture capital backed firms are indeed viewed by financial.

Wealso have benefited from comments from seminar participants at Georgetown economics department, theannual meeting of the Society for Economic Dynamics, at the CEPR Summer Meetings Gerzensee, theSummer Finance Conference at IDC ... economics and finance

on the dominance of early investors. Our work also touches upon the discussion of whether long-term financial contracts can help. ... round. One of the key insights of our paper is that both financial claims, S1 and S2, determine to what.

Vladimirov,Michael Whinston, seminar participants at Aalto University, Bocconi University, EIEF, Erasmus University Rotterdam,Imperial College, London Business School, Northwestern University (Kellogg), Stockholm School of Economics, ... Thus, such

unobservable to empiricists, theoretical analysis of what form of governance. disciplines the manager can enhance our understanding of how financial mar-. ... captures the degree of A’s dependence on financial markets. High (α ϕ).