John K. Wald

University of Texas at San Antonio

Professor

1 UTSA Circle

San Antonio, TX 78249

United States

SCHOLARLY PAPERS

36

DOWNLOADS
Rank 8,275

SSRN RANKINGS

Top 8,275

in Total Papers Downloads

11,211

TOTAL CITATIONS
Rank 6,769

SSRN RANKINGS

Top 6,769

in Total Papers Citations

198

Scholarly Papers (36)

1.

CEO Compensation, Director Compensation, and Firm Performance: Evidence of Cronyism

Number of pages: 48 Posted: 19 Apr 2002
Ivan E. Brick, Oded Palmon and John K. Wald
Rutgers Business School, Rutgers Business School and University of Texas at San Antonio
Downloads 2,292 (13,589)
Citation 57

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director compensation, CEO compensation, monitoring, firm performance

2.
Downloads 884 (56,296)
Citation 9

Too Much Pay Performance Sensitivity?

Number of pages: 51 Posted: 25 Mar 2008 Last Revised: 21 May 2010
Ivan E. Brick, Oded Palmon and John K. Wald
Rutgers Business School, Rutgers Business School and University of Texas at San Antonio
Downloads 884 (55,434)
Citation 9

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pay-performance sensitivity, stock returns, equity risk, agency problems

Too Much Pay-Performance Sensitivity?

Review of Economics and Statistics, Forthcoming
Posted: 30 Jul 2010
Ivan E. Brick, Oded Palmon and John K. Wald
Rutgers Business School, Rutgers Business School and University of Texas at San Antonio

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Pay-Performance Sensitivity, Stock Returns, Equity Risk, Agency

3.
Downloads 831 (61,250)
Citation 11

Debt Covenants, Bankruptcy Risk, and Issuance Costs

Number of pages: 57 Posted: 09 Apr 2011 Last Revised: 22 Aug 2013
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Tech, City University of Hong Kong (CityU) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 449 (131,706)
Citation 6

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bond covenants, loan covenants, bankruptcy risk

Debt Covenants, Bankruptcy Risk, and Issuance Costs

Number of pages: 57 Posted: 19 Mar 2011 Last Revised: 22 Aug 2013
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Tech, City University of Hong Kong (CityU) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 382 (158,949)
Citation 5

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bond covenants, loan covenants, bankruptcy risk

4.

Creditor Protection Laws and the Cost of Debt

1st Annual Conference on Empirical Legal Studies Paper, Journal of Law and Economics, Forthcoming
Number of pages: 33 Posted: 22 Mar 2006 Last Revised: 24 Mar 2009
Sattar Mansi, William F. Maxwell and John K. Wald
Virginia Tech, Southern Methodist University (SMU) - Finance Department and University of Texas at San Antonio
Downloads 824 (61,937)
Citation 9

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state payout restrictions, antitakeover provisions, agency cost, corporate governance

5.

Political Rights and the Cost of Debt

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 17 Mar 2008 Last Revised: 27 Jan 2013
Yaxuan Qi, John K. Wald and Lukas Roth
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Texas at San Antonio and University of Alberta - Department of Finance and Statistical Analysis
Downloads 721 (74,007)
Citation 21

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Political institutions, creditor rights, cost of debt, bond yield spreads, freedom of the press, cross-listing

6.

The Impact of Macroeconomic and Financial Variables on Market Risk: Evidence from International Equity Returns

Number of pages: 40 Posted: 23 Feb 2001
Dilip K. Patro, Yangru Wu and John K. Wald
OCC, Rutgers University, Newark - School of Business - Department of Finance & Economics and University of Texas at San Antonio
Downloads 720 (74,007)
Citation 1

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World market risk, determinants of country risk exposure, panel estimation

7.

Bond Covenants, Bankruptcy Risk, and the Cost of Debt

Number of pages: 62 Posted: 05 Jan 2021
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Tech, City University of Hong Kong (CityU) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 711 (75,269)
Citation 4

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Survival analysis, Bond covenants, Bankruptcy risk, Cost of debt

How Legal Environments Affect the Use of Bond Covenants

Journal of International Business Studies (JIBS), Forthcoming
Number of pages: 49 Posted: 10 Feb 2009 Last Revised: 27 Jan 2013
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 376 (161,827)

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Covenants, contracts, creditor rights, shareholder rights, corporate governance

How Legal Environments Affect the Use of Bond Covenants

Number of pages: 52 Posted: 21 Mar 2009 Last Revised: 21 Jul 2013
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 234 (266,553)
Citation 18

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Covenants, contracts, creditor rights, shareholder rights, corporate governance

9.

Adding Bankruptcy to Models of Investment

Number of pages: 18 Posted: 24 Apr 2000
John K. Wald
University of Texas at San Antonio
Downloads 373 (164,788)
Citation 1

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investment, bankruptcy, liquidity constraints

10.

Creditor Protection Laws, Debt Financing, and Corporate Investment over the Business Cycle

Number of pages: 45 Posted: 30 Aug 2012 Last Revised: 18 Aug 2016
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 370 (166,316)
Citation 1

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Business Cycles, Creditor Rights, Agency Costs, Debt Financing, Investment

11.

The Causes and Consequences of Securities Class Action Litigation

Number of pages: 49 Posted: 24 Apr 2009 Last Revised: 04 Jan 2011
Brian Carson McTier and John K. Wald
University of Texas at San Antonio and University of Texas at San Antonio
Downloads 349 (177,259)
Citation 18

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Securities Class Action Lawsuits, Governance, Agency Problems

12.

Takeover Risk and the Correlation Between Stocks and Bonds

Journal of Empirical Finance EFA 2007 Ljubljana Meetings Paper
Number of pages: 32 Posted: 28 Feb 2007 Last Revised: 06 Oct 2020
Karan Bhanot, Sattar Mansi and John K. Wald
University of Texas at San Antonio - Department of Finance, Virginia Tech and University of Texas at San Antonio
Downloads 329 (188,992)
Citation 3

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Stock-bond correlation, takeover probability, debt covenants

13.

International Lending: The Role of Lender’s Home Country

Journal of Money, Credit and Banking, Volume 53 Issue 6
Number of pages: 66 Posted: 10 May 2018 Last Revised: 24 Aug 2021
Board of Governors of the Federal Reserve System, Wharton Research Data Services (WRDS), New York University - Leonard N. Stern School of Business and University of Texas at San Antonio
Downloads 319 (195,206)

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International Finance, Multinational Loans, Cross-Border, Creditor Rights

14.
Downloads 318 (195,837)
Citation 5

Severance Agreements and the Cost of Debt

Journal of Corporate Finance, Forthcoming
Number of pages: 44 Posted: 20 May 2017 Last Revised: 23 Oct 2018
Virginia Tech, University of Texas at San Antonio and University of Nevada, Las Vegas - Department of Finance
Downloads 279 (223,310)
Citation 5

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Severance agreements, cost of debt, takeover probability, firm risk, CEO turnover

Severance Agreements and the Cost of Debt

Number of pages: 44 Posted: 14 Jan 2012 Last Revised: 26 Feb 2020
Virginia Tech, University of Texas at San Antonio and University of Nevada, Las Vegas - Department of Finance
Downloads 39 (893,829)

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Golden parachutes, cost of debt, takeover probability, firm risk, CEO turnover

15.

Liability Protection, Director Compensation, and Incentives

Journal of Financial Intermediation, Forthcoming
Number of pages: 38 Posted: 06 Jul 2010 Last Revised: 27 Oct 2023
American University of Sharjah - School of Business and Management, University of Texas at San Antonio - Department of Finance, Virginia Tech and University of Texas at San Antonio
Downloads 310 (201,987)

Abstract:

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director liability, director compensation, takeovers

16.

Payout Policy with Legal Restrictions

Number of pages: 58 Posted: 14 May 2009 Last Revised: 25 Feb 2011
Sattar Mansi and John K. Wald
Virginia Tech and University of Texas at San Antonio
Downloads 282 (222,412)
Citation 2

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Payout Policy, Capital Structure, State Laws, Bonding Mechanisms

Firm Characteristics and the Impact of Emerging Market Liberalizations

Rutgers University Working Paper
Number of pages: 48 Posted: 27 May 2002
Dilip K. Patro and John K. Wald
OCC and University of Texas at San Antonio
Downloads 232 (268,782)
Citation 22

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liberalization, emerging markets

Firm Characteristics and the Impact of Emerging Market Liberalizations

Posted: 20 Aug 2004
Dilip K. Patro and John K. Wald
OCC and University of Texas at San Antonio

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18.

Institutional Investors and Loan Dynamics: Evidence from Loan Renegotiations

Number of pages: 63 Posted: 21 Jun 2017 Last Revised: 06 Apr 2019
Mehdi Beyhaghi, Ca Nguyen and John K. Wald
Board of Governors of the Federal Reserve System, University of Arkansas Fort Smith and University of Texas at San Antonio
Downloads 216 (289,384)
Citation 16

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Nonbank Institutional Investors, Loan Renegotiation, Loan Path, Syndicated Loans, Funding Risk

19.

Governance and Leverage: International Evidence

The Financial Review, forthcoming
Number of pages: 45 Posted: 20 Nov 2020 Last Revised: 14 Sep 2022
Saint Mary's University, University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business and University of Texas at San Antonio
Downloads 214 (291,923)

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20.

Creditor Protection and Accrual Quality: The Effect of State Laws

AAA 2008 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 40 Posted: 07 Jul 2007
Mei Cheng, Sattar Mansi and John K. Wald
University of Arizona - Department of Accounting, Virginia Tech and University of Texas at San Antonio
Downloads 91 (579,060)

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State laws, Payout restrictions, Accrual quality, Debt-covenant hypothesis

21.

Taxes, Targeted Educational Subsidies, and Affirmative Action

Number of pages: 33 Posted: 21 May 2005
John K. Wald
University of Texas at San Antonio
Downloads 76 (642,775)

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Educational choice, government subsidies, affirmative action

22.

Which Governance Mechanisms Matter for Firm Pollution?

British Accounting Review, Forthcoming
Number of pages: 46 Posted: 18 Dec 2023
Sarfraz Khan and John K. Wald
University of Louisiana at Lafayette and University of Texas at San Antonio
Downloads 55 (754,966)

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Pollution, Managerial entrenchment, Antitakeover Provisions, Cumulative Voting

23.

Not Just the News: Higher Moments of Macroeconomic Variables and Sovereign Bond Returns

Number of pages: 39 Posted: 16 Feb 2023
Yulin Li, John K. Wald and Zijun Wang
Monmouth University, University of Texas at San Antonio and University Texas at San Antonio
Downloads 43 (838,658)

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Sovereign Bond Returns, Unemployment Growth, Skewness

24.

Renegotiation of International Loans, Capital Regulation, and Monetary Policy

Number of pages: 56 Posted: 06 Dec 2022
Kerron Joseph, Ca Nguyen and John K. Wald
Western Kentucky University, University of Arkansas Fort Smith and University of Texas at San Antonio
Downloads 41 (854,422)

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International Syndicated Loans, Renegotiation, Capital Stringency, Policy Rates

25.

Do Companies Care about Judicial Ideology? Evidence from Air Pollution

Journal of Law & Economics, Forthcoming
Posted: 06 Jul 2023
Sarfraz Khan, Andrew Schwartz and John K. Wald
University of Louisiana at Lafayette, Seton Hall University and University of Texas at San Antonio

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Pollution, Judicial Ideology, Litigation Risk

26.

Optimal Trading with Short-Term Predictability and Transaction Costs

Quantitative Finance, Forthcoming
Posted: 04 Jun 2023
Shashidhar Murthy and John K. Wald
Indian Institute of Management (IIMB), Bangalore and University of Texas at San Antonio

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Dynamic trading strategies, predictability, transaction costs

27.

Director and Officer Liability and Corporate Tax Avoidance

Journal of Business Finance and Accounting, Forthcoming
Posted: 30 Sep 2022
University of Louisiana at Lafayette, Korea Institute of Public Finance, Fordham University - Gabelli School of Business and University of Texas at San Antonio

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corporate governance; corporate law; director and officer liability; tax avoidance

28.

Antitrust Damages in Financial Markets

Journal of Competition Law and Economics, Forthcoming
Posted: 05 Feb 2020
John K. Wald
University of Texas at San Antonio

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antitrust damages, financial markets, bid-ask spreads, LIBOR

29.

Time Series Momentum and Volatility Scaling

Journal of Financial Markets, Forthcoming
Posted: 02 Jun 2016
Abby Kim, Yiuman Tse and John K. Wald
affiliation not provided to SSRN, University of Missouri at Saint Louis and University of Texas at San Antonio

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momentum, futures pricing, international asset allocation

30.

Insured Uncovered Interest Parity

Finance Research Letters, Forthcoming
Posted: 21 Jun 2013
Yiuman Tse and John K. Wald
University of Missouri at Saint Louis and University of Texas at San Antonio

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Uncovered interest parity, carry trade, CDS

31.

State Laws and Debt Covenants

Journal of Law and Economics, Forthcoming
Posted: 07 Nov 2006
Yaxuan Qi and John K. Wald
City University of Hong Kong (CityU) - Department of Economics & Finance and University of Texas at San Antonio

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state laws, covenants, payout restrictions, agency costs

32.

The Effect of State Laws on Capital Structure

Journal of Financial Economics (JFE), Forthcoming
Posted: 15 Feb 2006
John K. Wald and Michael S. Long
University of Texas at San Antonio and Rutgers University at Newark

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Leverage, State Laws, Profitability

33.

Optimal Limit Order Choice

Posted: 25 Dec 2003
John K. Wald and H. T. Horrigan
University of Texas at San Antonio and Independent

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limit orders, microstructure, portfolio trading

34.

Explaining Exchange Rate Risk in World Stock Markets: A Panel Approach

Posted: 06 Oct 2002
Dilip K. Patro, John K. Wald and Yangru Wu
OCC, University of Texas at San Antonio and Rutgers University, Newark - School of Business - Department of Finance & Economics

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Foreign exchange exposure, Determinants of currency risk, Panel estimation

35.

Capital Structure with Dividend Restrictions

Posted: 29 Sep 1999
John K. Wald
University of Texas at San Antonio

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How Firm Characteristics Affect Capital Structure: An International Comparison

Posted: 25 Dec 1998
John K. Wald
University of Texas at San Antonio

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How Firm Characteristics Affect Capital Structure: An International Comparison

Posted: 20 Dec 1998
John K. Wald
University of Texas at San Antonio

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