Chris Hennessy

London Business School

Sussex Place

Regent's Park

London, London NW1 4SA

United Kingdom

  • London Business School

SCHOLARLY PAPERS

23

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SSRN CITATIONS
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118

CROSSREF CITATIONS

59

Scholarly Papers (23)

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1.

Can the Tradeoff Theory Explain Debt Structure?

AFA 2005 Philadelphia Meetings Paper
Number of pages: 52 Posted: 05 Jan 2005
Dirk Hackbarth, Chris Hennessy and Hayne E. Leland
Boston University - Department of Finance & Economics, London Business School and University of California, Berkeley - Walter A. Haas School of Business
Downloads 1,226 (17,583)
Citation 21

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Banking, Capital Structure, Priority Structure, and Contingent Claims Pricing

2.

Debt Dynamics

Number of pages: 62 Posted: 21 Jul 2003
Chris Hennessy and Toni M. Whited
London Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 1,134 (19,773)
Citation 82

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Capital structure, taxes, dynamic model, indirect inference

3.

The Optimal Mix of Bank and Market Debt: An Asset Pricing Approach

EFA 2003 Annual Conference Paper No. 485
Number of pages: 54 Posted: 23 Mar 2003
Dirk Hackbarth, Chris Hennessy and Hayne E. Leland
Boston University - Department of Finance & Economics, London Business School and University of California, Berkeley - Walter A. Haas School of Business
Downloads 938 (26,127)
Citation 3

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Banking, Capital Structure, Priority, Contingent Claims Pricing

4.

Analyzing Callable and Convertible Bonds When the Modigliani-Miller Assumptions are Violated

EFA 2005 Moscow Meetings Paper
Number of pages: 53 Posted: 04 Mar 2005
Chris Hennessy and Yuri Tserlukevich
London Business School and Arizona State University (ASU)
Downloads 745 (36,088)
Citation 2

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Capital structure, convertible bonds, callable bonds

5.

Dynamic Hedging Incentives, Debt, and Warrants

EFA 2004 Maastricht Meetings Paper No. 5094
Number of pages: 34 Posted: 03 Aug 2004
Chris Hennessy and Yuri Tserlukevich
London Business School and Arizona State University (ASU)
Downloads 387 (82,631)
Citation 3

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Capital Structure, Debt, Warrant, Asset Substitution

6.

A Unified Model of Distorted Investment: Theory and Evidence

AFA 2003 Washington, DC Meetings
Number of pages: 58 Posted: 17 Oct 2002
Chris Hennessy and Amnon Levy
London Business School and Moody's KMV
Downloads 379 (84,674)
Citation 14

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7.

Skin in the Game and Moral Hazard

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 18 Aug 2011 Last Revised: 11 Jun 2013
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 329 (99,442)
Citation 18

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securitization, skin in the game, risk-sharing, moral hazard

8.

Beyond Investment-Cash Flow Sensitivities: Using Indirect Inference to Estimate Costs of External Funds

EFA 2005 Moscow Meetings Paper
Number of pages: 44 Posted: 02 Mar 2005
Chris Hennessy and Toni M. Whited
London Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 322 (101,883)
Citation 1

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Investment, indirect inference, finance constraints

9.

Beyond Random Assignment: Credible Inference of Causal Effects in Dynamic Economies

Downloads 317 (103,686)
Citation 8

Beyond Random Assignment: Credible Inference of Causal Effects in Dynamic Economies

Stanford University Graduate School of Business Research Paper No. 15-19
Number of pages: 46 Posted: 15 Feb 2015 Last Revised: 11 Nov 2015
Chris Hennessy and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 292 (112,588)
Citation 6

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Natural experiments; Policy evaluations; Dynamic environments; Random treatment; Causal effects

Beyond Random Assignment: Credible Inference of Causal Effects in Dynamic Economies

NBER Working Paper No. w20978
Number of pages: 47 Posted: 02 Mar 2015
Chris Hennessy and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 24 (555,269)
Citation 1

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Natural Experiment Policy Evaluation: A Critique

CEPR Discussion Paper No. DP10455
Number of pages: 54 Posted: 02 Mar 2015
Chris Hennessy and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 1 (736,721)
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causal effects, dynamic environments, natural experiments, policy evaluations, random treatment

10.

Acquisition Values and Optimal Financial (In)Flexibility

EFA 2008 Athens Meetings Paper
Number of pages: 62 Posted: 03 Mar 2008 Last Revised: 20 Feb 2015
Ulrich Hege and Chris Hennessy
Toulouse School of Economics and London Business School
Downloads 277 (119,810)
Citation 4

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Acquisitions, Mergers, Entry, Financial Contracting, Capital Structure, Event-Risk Covenants

11.

Government as Borrower of First Resort

Downloads 182 (179,806)
Citation 2

Government as Borrower of First Resort

Number of pages: 41 Posted: 06 Oct 2010 Last Revised: 16 Oct 2016
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 182 (179,736)

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safe assets, high-yield debt, speculator, uninformed investors, information, overheated debt markets

Government as Borrower of First Resort

CEPR Discussion Paper No. DP11362
Number of pages: 44 Posted: 07 Jul 2016
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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asymmetric information, corporate debt markets, governmet debt, issuers, speculators, uninformed investors

12.

Secondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets

Number of pages: 40 Posted: 25 Aug 2015
Nils Friewald, Chris Hennessy and Rainer Jankowitsch
Norwegian School of Economics (NHH), London Business School and WU (Vienna University of Economics and Business)
Downloads 181 (180,699)
Citation 2

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13.

Empirical Analysis of Corporate Tax Reforms: What is the Null and Where Did it Come from?

Stanford University Graduate School of Business Research Paper No. 18-14
Number of pages: 77 Posted: 14 Mar 2018
Chris Hennessy, Akitada Kasahara and Ilya A. Strebulaev
London Business School, Stanford University, Graduate School of Business, Students and Stanford University - Graduate School of Business
Downloads 160 (200,950)
Citation 1

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Corporate finance, tax reforms, tax regimes, empirical tests, difference-in-differences estimation

14.

The Effect of Leverage on Implicit Incentive Contracts

6th Annual Texas Finance Festival
Number of pages: 26 Posted: 31 Aug 2004
Chris Hennessy
London Business School
Downloads 137 (228,152)

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15.

Liquidity and Feasible Debt Relief

EFA 2009 Bergen Meetings Paper
Number of pages: 45 Posted: 20 Feb 2009
Josef Zechner and Chris Hennessy
Vienna University of Economics and Business and London Business School
Downloads 106 (275,887)

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Liquidity, Debt, Restructuring

16.

Rational Expectations and the Paradox of Policy-Relevant Natural Experiments

Number of pages: 41 Posted: 13 Nov 2015 Last Revised: 15 Apr 2020
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 103 (281,431)
Citation 7

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natural experiments, random assignment, econometrician, policy, endogeneity after-the-fact

17.

Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials

Downloads 0 (391,887)
Citation 1

Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials

CEPR Discussion Paper No. DP11360
Number of pages: 27 Posted: 07 Jul 2016 Last Revised: 11 Dec 2017
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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Bias, Rational Expectations, RCTs

18.

Equilibrium Counterfactuals

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Equilibrium Counterfactuals

CEPR Discussion Paper No. DP14146
Number of pages: 50 Posted: 04 Dec 2019
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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19.

Security Design: Signaling Versus Speculative Markets

CEPR Discussion Paper No. DP8336
Number of pages: 60 Posted: 18 Apr 2011
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 5 (664,868)
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issuer, pooling, security design, separating, speculator, type

20.

Privately Versus Publicly Optimal Skin in the Game: Optimal Mechanism and Security Design

CEPR Discussion Paper No. DP8403
Number of pages: 52 Posted: 26 May 2011
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 2 (690,260)
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adverse selection, originate to distribute, screening incentives, securitization, skin in the game, speculator, uninformed investors

21.

The Paradox of Policy-Relevant Natural Experiments

CEPR Discussion Paper No. DP11361
Number of pages: 43 Posted: 07 Jul 2016 Last Revised: 11 Dec 2017
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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firms, government, investment, natural policy experiments, pollution, randomized controlled trials

22.

Taxation, Agency Conflicts, and the Choice between Callable and Convertible Debt

Journal of Economic Theory, Forthcoming
Posted: 24 Jan 2012
Chris Hennessy and Yuri Tserlukevich
London Business School and Arizona State University (ASU)

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23.

Goodhart's Law and Machine Learning

Number of pages: 31
Chris Hennessy and Charles Goodhart
London Business School and London School of Economics & Political Science (LSE) - Financial Markets Group
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Machine Learning, Goodhart's Law