Browsing Publikasjoner fra CRIStin - BI by Journals "The Review of financial studies"
Now showing items 1-3 of 3
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Endogenous Leverage and Advantageous Selection in Credit Markets
(Journal article; Peer reviewed, 2017)I study asset price amplification in an asymmetric information model. Entrepreneurs issue debt to finance investments in a physical asset. They have private information about their success probabilities. For a given debt ... -
The Leading Premium
(Journal article; Peer reviewed, 2023)In this paper, we consider conditional measures of lead-lag relations between aggregate growth and industry-level cash flow growth in the United States. Our results show that firms in leading industries pay an average ... -
Market Discipline in the Direct Lending Space
(Journal article; Peer reviewed, 2023)Using the exclusion of business development companies (BDCs) from stock indexes, this paper studies the effectiveness of market discipline in the direct lending space. Amid share sell-offs by institutional investors, a ...