Arturo Bris

IMD International

Professor of Finance

Ch. de Bellerive 23

P.O. Box 915

CH-1001 Lausanne

Switzerland

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

Yale University - International Center for Finance

Box 208200

New Haven, CT 06520

United States

  • IMD International

  • Yale University - International Center for Finance

SCHOLARLY PAPERS

34

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Top 742

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31,072

SSRN CITATIONS
Rank 2,206

SSRN RANKINGS

Top 2,206

in Total Papers Citations

101

CROSSREF CITATIONS

388

Scholarly Papers (34)

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1.

Efficiency and the Bear: Short Sales and Markets Around the World

Downloads 4,305 ( 2,031)
Citation 82

Efficiency and the Bear: Short Sales and Markets Around the World

Yale ICF Working Paper No. 02-45; EFA 2003 Annual Conference; AFA 2004 San Diego Meetings; 14th Annual Conference on Financial Economics & Accounting
Number of pages: 69 Posted: 06 Oct 2004
Arturo Bris, William N. Goetzmann and Ning Zhu
IMD International, Yale School of Management - International Center for Finance and China Academy of Financial Research (CAFR)
Downloads 4,255 (2,050)
Citation 6

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Efficiency and the Bear: Short Sales and Markets Around the World

NBER Working Paper No. w9466
Number of pages: 44 Posted: 08 Feb 2003 Last Revised: 21 Jun 2009
Arturo Bris, William N. Goetzmann and Ning Zhu
IMD International, Yale School of Management - International Center for Finance and China Academy of Financial Research (CAFR)
Downloads 50 (406,868)
Citation 1

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Efficiency and the Bear: Short Sales and Markets around the World

Journal of Finance, Forthcoming
Posted: 23 Jan 2006
Arturo Bris, William N. Goetzmann and Ning Zhu
IMD International, Yale School of Management - International Center for Finance and China Academy of Financial Research (CAFR)

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Short Sales, Market Efficiency, Market Crashes

2.

Do Insider Trading Laws Work?

Downloads 3,378 ( 3,056)
Citation 26

Do Insider Trading Laws Work?

EFA 2001 Barcelona Meetings; Yale ICF Working Paper No. 00-19; Yale SOM Working Paper No. ICF - 00-19
Number of pages: 47 Posted: 15 Nov 2000
Arturo Bris
IMD International
Downloads 3,378 (3,045)
Citation 26

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Insider trading, takeovers, market regulation

Do Insider Trading Laws Work?

European Financial Management, Vol. 11, No. 3, pp. 267-312, June 2005
Posted: 22 Jun 2005
Arturo Bris
IMD International

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3.

Corporate Governance Convergence by Contract: Evidence from Cross-Border Mergers

Yale ICF Working Paper No. 02-32
Number of pages: 54 Posted: 02 Sep 2002
Arturo Bris and Christos Cabolis
IMD International and IMD
Downloads 1,917 (8,096)

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Corporate Governance, Market Regulation, Cross-border Acquisitions

4.

The Value of Investor Protection: Firm Evidence from Cross-Border Mergers

Downloads 1,585 ( 11,078)
Citation 29

The Value of Investor Protection: Firm Evidence from Cross-Border Mergers

Yale ICF Working Paper No. 04-32, EFA 2005 Moscow Meetings Paper
Number of pages: 56 Posted: 02 Sep 2005
Arturo Bris and Christos Cabolis
IMD International and IMD
Downloads 1,585 (10,877)
Citation 29

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corporate governance, market regulation, cross-border acquisitions

The Value of Investor Protection: Firm Evidence from Cross-Border Mergers

Review of Financial Studies, Vol. 21, Issue 2, pp. 605-648, 2008
Posted: 26 Jun 2008
Arturo Bris and Christos Cabolis
IMD International and IMD

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F3, F4, G3

5.

Short-Sales in Global Perspective

Yale ICF Working Paper No. 04-01
Number of pages: 30 Posted: 27 Jan 2004
Arturo Bris, William N. Goetzmann and Ning Zhu
IMD International, Yale School of Management - International Center for Finance and China Academy of Financial Research (CAFR)
Downloads 1,529 (11,683)

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6.

Bank Capital Requirements and Managerial Self-Interest

Yale School of Management IFC Working Paper
Number of pages: 28 Posted: 30 Nov 1998
Arturo Bris and Salvatore Cantale
IMD International and Tulane University - A.B. Freeman School of Business
Downloads 1,477 (12,339)
Citation 1

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7.

Corporate Governance Convergence Through Cross-Border Mergers: The Case of Aventis

ECGI - Finance Working Paper No. 56/2004; Yale ICF Working Paper No. 04-41
Number of pages: 38 Posted: 06 Sep 2004
Christos Cabolis and Arturo Bris
IMD and IMD International
Downloads 1,268 (15,691)
Citation 3

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corporate governance, cross-border mergers, investor protection

8.

Who Should Pay for Bankruptcy Costs?

Yale Law & Economics Research Paper No. 277; Yale ICF Working Paper No. 03-08
Number of pages: 45 Posted: 01 May 2003
Ivo Welch, Arturo Bris and Alan Schwartz
University of California, Los Angeles (UCLA), IMD International and Yale Law School
Downloads 1,208 (16,892)

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9.

The Costs of Bankruptcy

Journal of Finance, Forthcoming, Yale ICF Working Paper No. 04-13, AFA 2005 Philadelphia Meetings Paper
Number of pages: 81 Posted: 07 Dec 2005
Arturo Bris, Ivo Welch and Ning Zhu
IMD International, University of California, Los Angeles (UCLA) and China Academy of Financial Research (CAFR)
Downloads 1,084 (19,864)
Citation 3

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10.

Corporate Financial Policies and Performance Around Currency Crises

Yale ICF Working Paper No. 00-61
Number of pages: 60 Posted: 31 Oct 2001
Arturo Bris, Yrjo Koskinen and Vicente Pons-Sanz
IMD International, Haskayne School of Business, University of Calgary and Yale School of Management
Downloads 1,083 (19,893)
Citation 1

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Currency Crises, Corporate Leverage, Capital Structure, Profitability, Exchange Rates

11.

The Dynamics of Large and Small Chapter 11 Cases: An Empirical Study

Yale ICF Working Paper No. 05-29, AFA 2008 New Orleans Meetings Paper, ECGI - Finance Working Paper No. 107/2005
Number of pages: 43 Posted: 19 Feb 2007
Douglas G. Baird, Arturo Bris and Ning Zhu
University of Chicago Law School, IMD International and China Academy of Financial Research (CAFR)
Downloads 1,042 (21,018)
Citation 27

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bankruptcy, creditors, Chapter 11

12.

The Optimal Concentration of Creditors

Downloads 957 ( 23,868)
Citation 42

The Optimal Concentration of Creditors

EFA 2002 Berlin Meetings Presented Paper; Yale ICF Working Paper No. 00-65; Cowles Foundation Discussion Paper No. 1338
Number of pages: 33 Posted: 27 Nov 2001
Ivo Welch and Arturo Bris
University of California, Los Angeles (UCLA) and IMD International
Downloads 920 (24,847)

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Banking, Capital Structure

The Optimal Concentration of Creditors

NBER Working Paper No. w8652
Number of pages: 42 Posted: 14 Dec 2001 Last Revised: 25 Oct 2010
Arturo Bris and Ivo Welch
IMD International and University of California, Los Angeles (UCLA)
Downloads 37 (459,985)
Citation 2

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13.

Merger Laws, Globalization, and Corporate Value

Number of pages: 43 Posted: 15 Mar 2002
Arturo Bris and Christos Cabolis
IMD International and IMD
Downloads 938 (24,566)
Citation 2

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mergers, market regulation, cross-border acquisitions

14.

A Breakdown of the Valuation Effects of International Cross-Listing

Downloads 928 ( 24,954)
Citation 17

A Breakdown of the Valuation Effects of International Cross-Listing

Yale ICF Working Paper No. 05-30, ECGI - Finance Working Paper No. 106/2005, EFA 2006 Zurich Meetings Paper
Number of pages: 39 Posted: 15 Mar 2006
Arturo Bris, Salvatore Cantale and George Nishiotis
IMD International, Tulane University - A.B. Freeman School of Business and University of Cyprus-Faculty of Economics and Management-Department of Accounting and Finance
Downloads 915 (25,044)
Citation 6

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Corporate Governance, Finance, International Finance, Mergers

A Breakdown of the Valuation Effects of International Cross-Listing

European Financial Management, Vol. 13, No. 3, pp. 498-530, June 2007
Number of pages: 33 Posted: 24 May 2007
Arturo Bris, Salvatore Cantale and George Nishiotis
IMD International, Tulane University - A.B. Freeman School of Business and University of Cyprus-Faculty of Economics and Management-Department of Accounting and Finance
Downloads 13 (604,167)
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15.

Adopting Better Corporate Governance: Evidence from Cross-Border Mergers

EFA 2003 Glasgow, Forthcoming
Number of pages: 38 Posted: 19 Jul 2003 Last Revised: 20 Feb 2008
Arturo Bris, Neil Brisley and Christos Cabolis
IMD International, University of Waterloo - School of Accounting and Finance and IMD
Downloads 887 (26,625)
Citation 20

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Corporate governance, market regulation, cross-border acquisitions

16.

Corporate Leverage and Currency Crises

Downloads 857 ( 27,948)

Corporate Leverage and Currency Crises

AFA 2001 New Orleans; Yale ICF & SOM Working Paper No. ICF - 00-05
Number of pages: 36 Posted: 30 Mar 2000
Arturo Bris and Yrjo Koskinen
IMD International and Haskayne School of Business, University of Calgary
Downloads 857 (27,509)
Citation 1

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Corporate Leverage and Currency Crises

Journal of Financial Economics (JFE), Vol. 63, No. 2, 2002
Posted: 17 Aug 2008
Arturo Bris and Yrjo Koskinen
IMD International and Haskayne School of Business, University of Calgary

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currency depreciation, debt overhang, emerging markets, efficient investment policy, excessive risk taking

17.

Debt, Information Acquisition, and the Takeover Threat

Number of pages: 45 Posted: 24 Jan 1999
Arturo Bris
IMD International
Downloads 853 (28,134)
Citation 1

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18.

The Costs of Bankruptcy Chapter 7 Cash Auctions vs. Chapter 11 Bargaining

EFA 2004 Maastricht Meetings Paper No. 5155
Number of pages: 71 Posted: 03 Aug 2004
Arturo Bris, Ivo Welch and Ning Zhu
IMD International, University of California, Los Angeles (UCLA) and China Academy of Financial Research (CAFR)
Downloads 775 (32,138)
Citation 14

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19.

When Do Bidders Purchase a Toehold? Theory and Tests

Number of pages: 53 Posted: 19 Dec 1998
Arturo Bris
IMD International
Downloads 742 (34,119)
Citation 10

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20.

A Theory of Optimal Expropriation, Mergers and Industry Competition

Yale ICF Working Paper No. 05-28, ECGI - Finance Working Paper No. 108/2005
Number of pages: 37 Posted: 03 Mar 2008 Last Revised: 22 Jan 2019
Neil Brisley, Arturo Bris and Christos Cabolis
University of Waterloo - School of Accounting and Finance, IMD International and IMD
Downloads 706 (36,495)

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international corporate governance, market regulation, cross-listing, domestic and cross-border mergers and acquisitions

21.

The Euro is Good after All: Corporate Evidence

Yale ICF Working Paper No. 02-26
Number of pages: 56 Posted: 27 Aug 2002
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 686 (37,963)
Citation 8

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Economic and Monetary Union (EMU), The Euro, Valuation, Investment, Debt, Equity, Cost of Capital, Currency Risk

22.

Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance

Downloads 542 ( 51,698)

Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance

EFA 2005 Moscow Meetings, Yale SOM Working Paper No. 03-30, Pace University Finance Research Paper No. 2005/03
Number of pages: 34 Posted: 10 Jul 2005
Arturo Bris, Huseyin Gulen, Padma Kadiyala and P. Raghavendra Rau
IMD International, Purdue University - Krannert School of Management, Pace University - Lubin School of Business and University of Cambridge
Downloads 542 (51,079)
Citation 3

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Mutual funds, Fund flows, Fund size, Fund returns, Fund manager performance

Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance

Review of Financial Studies, Vol. 20, No. 3, pp. 953-982, 2007, Pace University Finance Research Paper No. 2006/05
Posted: 10 May 2006 Last Revised: 04 Sep 2019
Huseyin Gulen, P. Raghavendra Rau, Arturo Bris and Padma Kadiyala
Purdue University - Krannert School of Management, University of Cambridge, IMD International and Pace University - Lubin School of Business

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Mutual funds, Fund flows, Fund size, Fund returns, Fund manager performance

23.

The Value of a Global Brand: Is Perception Reality?

Number of pages: 40 Posted: 11 Aug 2011
Arturo Bris, Willem Smit and Michael Sorell
IMD International, IMD International and IMD International
Downloads 338 (91,251)
Citation 1

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24.

The Euro and Corporate Valuations

Downloads 336 ( 91,896)
Citation 21

The Euro and Corporate Valuations

Boston University School of Management Working Paper No. 2006-21
Number of pages: 60 Posted: 28 Feb 2004 Last Revised: 27 Oct 2008
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 336 (91,263)
Citation 21

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Economic and Monetary Union (EMU), the euro, valuation, cost of capital, currency risk, currency union

The Euro and Corporate Valuations

Review of Financial Studies, Forthcoming
Posted: 12 May 2008
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission

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Economic and Monetary Union (EMU), the euro, valuation, cost of capital, currency risk, currency union

The Euro and Corporate Valuations

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3171-3209, 2009
Posted: 05 Aug 2009
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission

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F33, F36, G32

25.

The Euro and Corporate Financing before the Crisis

Downloads 327 ( 94,687)
Citation 2

The Euro and Corporate Financing before the Crisis

Boston U. School of Management Research Paper No. 2011-1
Number of pages: 45 Posted: 10 Feb 2011 Last Revised: 14 Mar 2014
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 185 (168,133)

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euro, financial integration, external financing, debt financing, supply of capital, financial dependence

The Euro and Corporate Financing

Bank of Finland Research Discussion Paper No. 6/2011
Number of pages: 66 Posted: 12 Apr 2011
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 71 (340,522)

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euro, external financing, supply of capital, financial development, financial dependence, financial integration

The Euro and Corporate Financing before the Crisis

Journal of Financial Economics (JFE), Vol. 114, No. 3, 2014
Number of pages: 45 Posted: 10 Nov 2015 Last Revised: 06 May 2016
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 68 (348,865)

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euro, external financing, debt financing, leverage, supply of capital, financial dependence, financial fragility

The Euro and Corporate Financing

CEPR Discussion Paper No. DP8227
Number of pages: 60 Posted: 09 Feb 2011
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 3 (678,714)
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euro, external financing, financial dependence, financial development, supply of capital

26.

The Real Effects of the Euro: Evidence from Corporate Investments

Downloads 276 (113,835)
Citation 11

The Real Effects of the Euro: Evidence from Corporate Investments

EFA 2004 Maastricht Meetings Paper No. 4652
Number of pages: 53 Posted: 02 Jul 2004
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 258 (121,578)
Citation 2

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EMU, the euro, investments, currency union, financial constraints

The Real Effects of the Euro: Evidence from Corporate Investments

CEPR Discussion Paper No. 4521
Number of pages: 38 Posted: 21 Sep 2004
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 18 (569,795)
Citation 1
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Economic and Monetary Union (EMU), the euro, investments, cost of capital, currency union

The Real Effects of the Euro: Evidence from Corporate Investments

Review of Finance, Vol. 10, No. 1, 2006
Posted: 08 Jun 2005
Arturo Bris, Mattias Nilsson and Yrjo Koskinen
IMD International, U.S. Securities and Exchange Commission and Haskayne School of Business, University of Calgary

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EMU, the euro, currency union, investments

The Real Effects of the Euro: Evidence from Corporate Investments

Review of Finance, Vol. 10, Issue 1, pp. 1-37, 2006
Posted: 01 Sep 2008
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission

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27.

The Effect of APR Violations on the Seniority and Timing of Debt Issuance

Downloads 273 (115,132)
Citation 1

The Effect of APR Violations on the Seniority and Timing of Debt Issuance

AFA 2009 San Francisco Meetings Paper
Number of pages: 48 Posted: 18 Mar 2008
Ronald Sverdlove, Arturo Bris and S. Abraham Ravid
New Jersey Institute of Technology, School of Management, IMD International and Yeshiva University - Syms School of Business
Downloads 136 (218,908)
Citation 1

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Seniority, Bankruptcy, Absolute Priority Rule violations, Debt

The Effect of APR Violations on the Seniority and Timing of Debt Issuance

Number of pages: 46 Posted: 02 Mar 2007
Arturo Bris, S. Abraham Ravid and Ronald Sverdlove
IMD International, Yeshiva University - Syms School of Business and New Jersey Institute of Technology, School of Management
Downloads 73 (335,074)

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Bankruptcy, Absolute Priority Rule, Seniority, Debt

The Effect of APR Violations on the Seniority and Timing of Debt Issuance

Number of pages: 45 Posted: 21 Mar 2007
Arturo Bris, Ronald Sverdlove and S. Abraham Ravid
IMD International, New Jersey Institute of Technology, School of Management and Yeshiva University - Syms School of Business
Downloads 64 (360,379)

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Bankruptcy, Absolute Priority Rule, Senioriy, Debt

28.

Conflicts in Bankruptcy and the Sequence of Debt Issues

Downloads 246 (128,266)
Citation 4

Conflicts in Bankruptcy and the Sequence of Debt Issues

EFA 2009 Bergen Meetings Paper
Number of pages: 51 Posted: 12 Feb 2009 Last Revised: 22 Apr 2013
Arturo Bris, S. Abraham Ravid and Ronald Sverdlove
IMD International, Yeshiva University - Syms School of Business and New Jersey Institute of Technology, School of Management
Downloads 185 (168,133)
Citation 4

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Bankruptcy, Absolute Priority Rule, Seniority, Debt

Conflicts in Bankruptcy and the Sequence of Debt Issues

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 53 Posted: 12 Jan 2016
S. Abraham Ravid, Ronald Sverdlove, Arturo Bris and Gabriela Coiculescu
Yeshiva University - Syms School of Business, New Jersey Institute of Technology, School of Management, IMD International and Yeshiva University - Syms School of Business
Downloads 61 (369,661)

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Bankruptcy, Absolute Priority Rule, Seniority, Debt

29.

TV or Not TV? Subtitling and English Skills

Number of pages: 43 Posted: 17 Jul 2009
Augusto Rupérez Micola, Arturo Bris and Albert Banal-Estañol
Universitat Pompeu Fabra, IMD International and Universitat Pompeu Fabra - Department of Economics and Business (DEB)
Downloads 232 (135,953)
Citation 2

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English, language skills, subtitles, television

30.

The Value of Information in Cross-Listing

Number of pages: 32 Posted: 16 Mar 2007 Last Revised: 31 Oct 2011
Arturo Bris, Salvatore Cantale, Emir Hrnjic and George Nishiotis
IMD International, Tulane University - A.B. Freeman School of Business, National University of Singapore and University of Cyprus-Faculty of Economics and Management-Department of Accounting and Finance
Downloads 167 (184,082)
Citation 5

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International Finance, Cross-Listing, Information

31.

TV or Not TV? Subtitles and English Skills

Number of pages: 43 Posted: 14 May 2009
Augusto Rupérez Micola, Arturo Bris and Albert Banal-Estañol
Universitat Pompeu Fabra, IMD International and Universitat Pompeu Fabra - Department of Economics and Business (DEB)
Downloads 79 (316,804)
Citation 2

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English, language skills, subtitles, television

32.

Separated by a Common Currency? Evidence from the Euro Changeover

Number of pages: 56 Posted: 27 Apr 2008
Arturo Bris and Augusto Rupérez Micola
IMD International and Universitat Pompeu Fabra
Downloads 27 (497,209)

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33.

The Euro is Good after All: Evidence from Corporate Valuations

CEPR Discussion Paper No. 3910
Number of pages: 47 Posted: 22 Jul 2003
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 24 (514,089)
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Economic and monetary union (EMU), the euro, valuation, cost of capital, currency risk, currency union

34.

Corporate Financial Policies and Performance Around Currency Crises

Journal of Business, Vol. 77, No. 4, October 2004
Posted: 23 Feb 2004
Arturo Bris, Yrjo Koskinen and Vicente Pons-Sanz
IMD International, Haskayne School of Business, University of Calgary and Yale School of Management

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Currency crises, corporate leverage, capital structure, profitability, exchange rates