Chris Hennessy

London Business School

Sussex Place

Regent's Park

London, London NW1 4SA

United Kingdom

SCHOLARLY PAPERS

21

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6,545

CITATIONS
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Top 2,339

in Total Papers Citations

240

Scholarly Papers (21)

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 1,182 (15,082)
Citation 38

Abstract:

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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 1,070 (17,579)
Citation 180

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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 929 (21,683)
Citation 2

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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 725 (30,867)
Citation 3

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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 381 (70,033)
Citation 2

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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 363 (74,095)
Citation 6

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7.

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 315 (87,098)
Citation 2

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Investment, indirect inference, finance constraints

8.

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 312 (88,074)
Citation 2

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

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 256 (108,450)

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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 19 (504,588)

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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 (622,780)
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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 270 (103,006)
Citation 2

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

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 175 (157,801)

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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 153 (176,376)
Citation 1

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13.

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 135 (195,340)

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14.

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 104 (237,299)

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Liquidity, Debt, Restructuring

15.

Rational Expectations and the Paradox of Policy-Relevant Natural Experiments

Number of pages: 41 Posted: 13 Nov 2015 Last Revised: 09 Feb 2018
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 77 (287,139)

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

16.

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 71 (300,845)

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

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.

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 (562,723)
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issuer, pooling, security design, separating, speculator, type

19.

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 (582,107)
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adverse selection, originate to distribute, screening incentives, securitization, skin in the game, speculator, uninformed investors

20.

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

21.

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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