John K. Wald

University of Texas at San Antonio

Professor

1 UTSA Circle

San Antonio, TX 78249

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 5,013

SSRN RANKINGS

Top 5,013

in Total Papers Downloads

7,057

CITATIONS
Rank 4,304

SSRN RANKINGS

Top 4,304

in Total Papers Citations

125

Scholarly Papers (27)

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 1,613 (7,081)
Citation 49

Abstract:

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director compensation, CEO compensation, monitoring, firm performance

2.
Downloads 708 ( 29,395)
Citation 5

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 708 (28,927)
Citation 5

Abstract:

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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.

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, SMU - Cox School and University of Texas at San Antonio
Downloads 652 (31,164)
Citation 11

Abstract:

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

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 576 (38,153)
Citation 1

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

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

European Financial Management, Vol. 8, pp. 421-447, 2002
Number of pages: 27 Posted: 13 Feb 2003
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 25 (442,429)
Citation 1
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5.
Downloads 548 ( 41,309)
Citation 4

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 (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 325 (77,506)
Citation 3

Abstract:

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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 (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 223 (116,209)
Citation 4

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bond covenants, loan covenants, bankruptcy risk

6.

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 (CityUHK) - Department of Economics & Finance, University of Texas at San Antonio and University of Alberta - Department of Finance and Statistical Analysis
Downloads 472 (44,309)
Citation 17

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

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 (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 303 (83,889)
Citation 9

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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 (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 113 (210,302)
Citation 7

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

How Legal Environments Affect the Use of Bond Covenants

Journal of International Business Studies, Vol. 42, Issue 2, pp. 235-262, 2011
Number of pages: 28 Posted: 24 Jan 2011
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 1 (587,865)
Citation 7
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8.

Adding Bankruptcy to Models of Investment

Number of pages: 18 Posted: 24 Apr 2000
John K. Wald
University of Texas at San Antonio
Downloads 329 (76,128)
Citation 1

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investment, bankruptcy, liquidity constraints

9.

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 224 (111,249)
Citation 2

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Payout Policy, Capital Structure, State Laws, Bonding Mechanisms

10.

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 206 (106,596)
Citation 2

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Securities Class Action Lawsuits, Governance, Agency Problems

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 199 (130,032)
Citation 21

Abstract:

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liberalization, emerging markets

Firm Characteristics and the Impact of Emerging Market Liberalizations

Journal of Banking and Finance, Forthcoming
Posted: 20 Aug 2004
Dilip K. Patro and John K. Wald
OCC and University of Texas at San Antonio

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12.

Takeover Risk and the Correlation Between Stocks and Bonds

EFA 2007 Ljubljana Meetings Paper
Number of pages: 32 Posted: 28 Feb 2007 Last Revised: 09 Dec 2009
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 198 (122,680)
Citation 2

Abstract:

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Stock-bond correlation, takeover probability, debt covenants

13.

Liability Protection, Director Compensation, and Incentives

Journal of Financial Intermediation, Forthcoming
Number of pages: 38 Posted: 06 Jul 2010 Last Revised: 28 Nov 2012
University of Texas at San Antonio - Department of Finance, University of Texas at San Antonio - Department of Finance, Virginia Tech and University of Texas at San Antonio
Downloads 163 (143,625)

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director liability, director compensation, takeovers

Severance Agreements and the Cost of Debt

Number of pages: 44 Posted: 20 May 2017
Virginia Tech, University of Texas at San Antonio and University of Nevada, Las Vegas - Department of Finance
Downloads 142 (175,717)

Abstract:

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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: 02 Jun 2017
Virginia Tech, University of Texas at San Antonio and University of Nevada, Las Vegas - Department of Finance
Downloads 6 (550,992)

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

15.

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 (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 124 (146,535)
Citation 1

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

16.

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 45 (342,366)

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Educational choice, government subsidies, affirmative action

17.

Institutional Investors and Loan Dynamics: Evidence from Loan Renegotiations

Number of pages: 57 Posted: 21 Jun 2017 Last Revised: 29 Sep 2017
Mehdi Beyhaghi, Ca Nguyen and John K. Wald
University of Texas at San Antonio - Department of Finance, University of Texas at San Antonio and University of Texas at San Antonio
Downloads 0 (390,212)

Abstract:

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

18.

Time Series Momentum and Volatility Scaling

Journal of Financial Markets, Forthcoming
Posted: 02 Jun 2016
Abby Kim, Yiuman Tse and John K. Wald
Securities and Exchange Commission, University of Missouri at Saint Louis and University of Texas at San Antonio

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momentum, futures pricing, international asset allocation

19.

The Debt Trap: Wealth Transfers and Debt‐Equity Choices of Junk‐Grade Firms

Financial Review, Vol. 51, Issue 1, pp. 5-35, 2016
Number of pages: 31 Posted: 14 Jan 2016
University of Texas at San Antonio, Indiana University South Bend and University of Texas at San Antonio
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capital structure, wealth transfer effects, junk bond issues

20.

Director Liability Protection, Earnings Management, and Audit Pricing

Journal of Empirical Legal Studies, Vol. 12, Issue 4, pp. 781-814, 2015
Number of pages: 34 Posted: 28 Oct 2015
Sarfraz Khan and John K. Wald
University of Louisiana at Lafayette and University of Texas at San Antonio
Downloads 0 (573,266)
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21.

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

22.

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 (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio

Abstract:

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state laws, covenants, payout restrictions, agency costs

23.

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 Sr.
University of Texas at San Antonio and Rutgers University at Newark

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Leverage, State Laws, Profitability

24.

Optimal Limit Order Choice

Journal of Business, Forthcoming
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

25.

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

Journal of Banking and Finance, Vol. 26, pp. 1951-1972, 2002
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

Abstract:

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Foreign exchange exposure, Determinants of currency risk, Panel estimation

26.

Capital Structure with Dividend Restrictions

Journal of Corporate Finance, Vol. 5, June 1999
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

Journal of Financial Research
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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