Viral V. Acharya

New York University (NYU) - Leonard N. Stern School of Business

Professor of Finance

44 West 4th Street

Suite 9-160

New York, NY NY 10012

United States

http://www.stern.nyu.edu/~vacharya

New York University (NYU) - Department of Finance

C.V. Starr Professor of Economics

Stern School of Business

44 West 4th Street

New York, NY 10012-1126

United States

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • New York University (NYU) - Leonard N. Stern School of Business

    • Email
    • Tel: 2129980354
    • Fax: 2129954256

  • New York University (NYU) - Department of Finance

  • Centre for Economic Policy Research (CEPR)

  • European Corporate Governance Institute (ECGI)

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

157

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118,998

SSRN CITATIONS
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Top 4

in Total Papers Citations

11,243

CROSSREF CITATIONS

11,029

Ideas:
“  The Nexus between Sovereign and Financial Risks, Government Myopia, and Unintended Consequences of Ultra-loose Monetary Policy; Climate Risks - Physical risks, Transition Risks, Net-zero commitments, and Stress Tests  ”

  • New York University (NYU) - Leonard N. Stern School of Business

    • Email
    • Tel: 2129980354
    • Fax: 2129954256

  • New York University (NYU) - Department of Finance

  • Centre for Economic Policy Research (CEPR)

  • European Corporate Governance Institute (ECGI)

  • National Bureau of Economic Research (NBER)

Scholarly Papers (157)

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1.

Measuring Systemic Risk

Downloads 10,937 ( 795)
Citation 326

Measuring Systemic Risk

AFA 2011 Denver Meetings Paper
Number of pages: 46 Posted: 22 Mar 2010 Last Revised: 09 Aug 2010
Viral V. Acharya, Viral V. Acharya, Lasse Heje Pedersen, Thomas Philippon and Matthew P. Richardson
New York University (NYU) - Leonard N. Stern School of Business, AQR Capital Management, LLC, New York University (NYU) - Department of Finance and Department of Finance, Leonard N. Stern School of Business, New York University
Downloads 6,654 (1,852)
Citation 138

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systemic risk, bailout, financial regulation, value at risk

Measuring Systemic Risk

FRB of Cleveland Working Paper No. 10-02
Number of pages: 55 Posted: 24 Apr 2010 Last Revised: 28 Aug 2010
Viral V. Acharya, Viral V. Acharya, Lasse Heje Pedersen, Thomas Philippon and Matthew P. Richardson
New York University (NYU) - Leonard N. Stern School of Business, AQR Capital Management, LLC, New York University (NYU) - Department of Finance and Department of Finance, Leonard N. Stern School of Business, New York University
Downloads 4,269 (3,916)
Citation 14

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systemic risk, risk pricing, systemic expected shortfall, risk internalization

Measuring Systemic Risk

CEPR Discussion Paper No. DP8824
Number of pages: 49 Posted: 01 Mar 2012
Viral V. Acharya, Viral V. Acharya, Lasse Heje Pedersen, Thomas Philippon and Matthew P. Richardson
New York University (NYU) - Leonard N. Stern School of Business, AQR Capital Management, LLC, New York University (NYU) - Department of Finance and Department of Finance, Leonard N. Stern School of Business, New York University
Downloads 14 (939,229)
Citation 87
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bailout, financial regulation, systemic risk, value at risk

2.

Corporate Governance and Value Creation: Evidence from Private Equity

Downloads 5,890 ( 2,281)
Citation 87

Corporate Governance and Value Creation: Evidence from Private Equity

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 232/2009
Number of pages: 50 Posted: 08 Jan 2009 Last Revised: 30 Nov 2018
Viral V. Acharya, Viral V. Acharya, Oliver Gottschalg, Moritz Hahn and Conor Kehoe
New York University (NYU) - Leonard N. Stern School of Business, HEC Paris - Strategy & Business Policy, Ludwig Maximilian University of Munich (LMU) and McKinsey & Company, Inc.
Downloads 4,820 (3,191)
Citation 101

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leveraged buyouts (LBO), management buyouts (MBO), active ownership, activism, management turnover, alpha

Corporate Governance and Value Creation: Evidence from Private Equity

NYU Working Paper No. 2451/27878
Number of pages: 61 Posted: 09 Mar 2009 Last Revised: 10 Sep 2013
Viral V. Acharya, Viral V. Acharya, Oliver Gottschalg, Moritz Hahn and Conor Kehoe
New York University (NYU) - Leonard N. Stern School of Business, HEC Paris - Strategy & Business Policy, Ludwig Maximilian University of Munich (LMU) and McKinsey & Company, Inc.
Downloads 1,012 (37,117)

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Corporate Governance and Value Creation: Evidence from Private Equity

CEPR Discussion Paper No. DP7242
Number of pages: 63 Posted: 07 Apr 2009
Viral V. Acharya, Viral V. Acharya, Moritz Hahn and Conor Kehoe
New York University (NYU) - Leonard N. Stern School of Business, Ludwig Maximilian University of Munich (LMU) and McKinsey & Company, Inc.
Downloads 58 (605,317)
Citation 8
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active ownership, activism, alpha, leveraged buyouts (LBO), management buyouts (MBO), management turnover

3.

A Theory of Systemic Risk and Design of Prudential Bank Regulation

Downloads 5,803 ( 2,335)
Citation 230

A Theory of Systemic Risk and Design of Prudential Bank Regulation

Number of pages: 50 Posted: 10 Feb 2002
Viral V. Acharya and Viral V. Acharya
New York University (NYU) - Leonard N. Stern School of Business
Downloads 3,685 (5,007)
Citation 1

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Systemic risk, Risk-shifting, Capital adequacy, Bank regulation, Banking

A Theory of Systemic Risk and Design of Prudential Bank Regulation

Journal of Financial Stability, Forthcoming
Number of pages: 49 Posted: 29 Jan 2009
Viral V. Acharya and Viral V. Acharya
New York University (NYU) - Leonard N. Stern School of Business
Downloads 2,108 (12,270)
Citation 10

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Systemic risk, Crisis, Risk-shifting, Capital adequacy, Bank regulation

A Theory of Systemic Risk and Design of Prudential Bank Regulation

CEPR Discussion Paper No. DP7164
Number of pages: 51 Posted: 18 Feb 2009
Viral V. Acharya and Viral V. Acharya
New York University (NYU) - Leonard N. Stern School of Business
Downloads 10 (981,020)
Citation 55
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Bank regulation, Capital adequacy, Crisis, Risk-shifting, Systemic risk

4.

Causes of the Financial Crisis

Critical Review, Vol. 21, Nos. 2 & 3, pp. 195-210, 2009
Number of pages: 16 Posted: 30 Nov 2009
Viral V. Acharya, Viral V. Acharya and Matthew P. Richardson
New York University (NYU) - Leonard N. Stern School of Business and Department of Finance, Leonard N. Stern School of Business, New York University
Downloads 4,745 (3,338)
Citation 23

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Subprime crisis, capital requirements, regulatory arbitrage, mortgage-backed securities, housing bubble

5.

The End of Market Discipline? Investor Expectations of Implicit Government Guarantees

Number of pages: 71 Posted: 19 Nov 2011 Last Revised: 03 Jul 2022
Viral V. Acharya, Viral V. Acharya, Deniz Anginer and A. Joseph Warburton
New York University (NYU) - Leonard N. Stern School of Business, Simon Fraser University (SFU) and Syracuse University - College of Law
Downloads 4,664 (3,453)
Citation 17

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Too big to fail, financial crisis, Dodd-Frank, bailout, implicit guarantee, moral hazard, systemic risk

6.

Asset Pricing with Liquidity Risk

Downloads 3,816 ( 4,782)
Citation 770

Asset Pricing with Liquidity Risk

Number of pages: 58 Posted: 28 Jan 2003
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
Downloads 2,884 (7,499)
Citation 19

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liquidity risk, asset pricing

Asset Pricing with Liquidity Risk

NYU Working Paper No. S-DRP-05-09
Number of pages: 36 Posted: 05 Nov 2008
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
Downloads 363 (137,032)
Citation 22

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Liquidity risk, Liquidity-adjusted CAPM, Flight to liquidity, Frictions, Transaction costs

Asset Pricing with Liquidity Risk

NYU Working Paper No. FIN-03-044
Number of pages: 67 Posted: 11 Nov 2008
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
Downloads 261 (194,267)

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Asset Pricing with Liquidity Risk

NBER Working Paper No. w10814
Number of pages: 60 Posted: 18 Oct 2004 Last Revised: 21 Jul 2022
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
Downloads 217 (233,719)
Citation 2

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Asset Pricing with Liquidity Risk

Number of pages: 47 Posted: 11 Jan 2005
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
Downloads 47 (668,067)
Citation 92
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Liquidity, liquidity risk, asset pricing, frictions, transaction costs

Asset Pricing with Liquidity Risk

Number of pages: 60 Posted: 07 Mar 2003
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
Downloads 44 (686,831)
Citation 16
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Liquidity, liquidity risk, capital asset pricing model (CAPM), liquidity premium, equilibrium asset pricing

Asset Pricing with Liquidity Risk

Posted: 16 Dec 2004
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC

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Liquidity, liquidity risk, frictions, transaction costs, flight to liquidity

7.

Creditor Rights and Corporate Risk-Taking

Downloads 2,888 ( 7,614)
Citation 145

Creditor Rights and Corporate Risk-Taking

Number of pages: 43 Posted: 18 Jan 2008
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Lubomir P. Litov
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 1,132 (31,738)
Citation 7

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international mergers and acquisitions, bankruptcy code, reorganization, risk taking

Creditor Rights and Corporate Risk-Taking

3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 61 Posted: 17 Apr 2008 Last Revised: 01 Dec 2009
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Lubomir P. Litov
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 723 (58,925)
Citation 1

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bankruptcy, international finance, corporate governance, investment policy

Creditor Rights and Corporate Risk-Taking

NYU Working Paper No. FIN-08-031
Number of pages: 42 Posted: 09 Mar 2009 Last Revised: 10 Jun 2011
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Lubomir P. Litov
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 408 (119,763)
Citation 89

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creditor rights, investment policy, bankrutcy code

Creditor Rights and Corporate Risk-Taking

NBER Working Paper No. w15569
Number of pages: 61 Posted: 08 Dec 2009 Last Revised: 17 Jul 2023
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Lubomir P. Litov
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 318 (158,173)
Citation 46

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Creditor Rights and Corporate Risk-Taking

NYU Working Paper No. FIN-07-037
Number of pages: 61 Posted: 03 Nov 2008 Last Revised: 01 Dec 2009
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Lubomir P. Litov
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 305 (165,262)

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Creditor Rights and Corporate Risk-Taking

CEPR Discussion Paper No. DP6697
Number of pages: 46 Posted: 09 Jun 2008
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Lubomir P. Litov
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 2 (1,054,372)
Citation 2
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Bankruptcy, Default, Diversification, Managerial turnover, Recovery

8.

Insider Trading in Credit Derivatives

Downloads 2,503 ( 9,473)
Citation 237

Insider Trading in Credit Derivatives

Number of pages: 50 Posted: 02 Aug 2005
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson and Timothy C. Johnson
New York University (NYU) - Leonard N. Stern School of Business and University of IllinoisLondon Business School
Downloads 2,480 (9,455)
Citation 15

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adverse selection, default, bank relationship, credit default swaps, asymmetric information, liquidity

Insider Trading in Credit Derivatives

CEPR Discussion Paper No. 5180
Number of pages: 51 Posted: 25 Aug 2005
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson and Timothy C. Johnson
New York University (NYU) - Leonard N. Stern School of Business and University of IllinoisLondon Business School
Downloads 23 (850,629)
Citation 58
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Adverse selection, default, bank relationship, credit default swaps, asset pricing

Insider Trading in Credit Derivatives

Journal of Financial Economics, Forthcoming
Posted: 06 Jun 2006
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson and Timothy C. Johnson
New York University (NYU) - Leonard N. Stern School of Business and University of IllinoisLondon Business School

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adverse selection, default, bank relationship, credit default swaps, asymmetric information, liquidity

9.

Dividends and Bank Capital in the Financial Crisis of 2007-2009

Downloads 2,076 (12,820)
Citation 46

Dividends and Bank Capital in the Financial Crisis of 2007-2009

Number of pages: 36 Posted: 20 Mar 2009 Last Revised: 10 Nov 2010
Viral V. Acharya, Viral V. Acharya, Irvind Gujral and Hyun Song Shin
New York University (NYU) - Leonard N. Stern School of Business, London Business School (MBA 2007) and Bank for International Settlements (BIS)
Downloads 1,945 (13,960)
Citation 41

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Credit Crisis, Bank Capital, Dividends

Dividends and Bank Capital in the Financial Crisis of 2007-2009

NBER Working Paper No. w16896
Number of pages: 43 Posted: 21 Mar 2011 Last Revised: 03 Mar 2023
Viral V. Acharya, Viral V. Acharya, Irvind Gujral, Nirupama Kulkarni and Hyun Song Shin
New York University (NYU) - Leonard N. Stern School of Business, London Business School (MBA 2007), University of California, Berkeley - Haas School of Business and Bank for International Settlements (BIS)
Downloads 120 (384,697)
Citation 4

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Dividends and Bank Capital in the Financial Crisis of 2007-2009

CEPR Discussion Paper No. DP8801
Number of pages: 45 Posted: 01 Mar 2012
Viral V. Acharya, Viral V. Acharya, Irvind Gujral, Nirupama Kulkarni and Hyun Song Shin
New York University (NYU) - Leonard N. Stern School of Business, London Business School (MBA 2007), University of California, Berkeley - Haas School of Business and Bank for International Settlements (BIS)
Downloads 11 (970,614)
Citation 4
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asset substitution, crisis, regulatory capital, risk-shifting

10.

Pricing Credit Derivatives with Rating Transitions

Downloads 2,003 (13,561)
Citation 17

Pricing Credit Derivatives with Rating Transitions

Number of pages: 30 Posted: 22 Oct 2001
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance
Downloads 1,675 (17,630)
Citation 1

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Risky Debt, Rating Transitions, Credit Derivatives, Credit Sensitive Note, HJM Model

Pricing Credit Derivatives with Rating Transitions

NYU Working Paper No. S-DRP-01-17
Number of pages: 33 Posted: 07 Nov 2008
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance
Downloads 141 (339,589)

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Risky Debt, Rating Transitions, Credit Derivatives, Cresdit Senstive Note, HJM Model

Pricing Credit Derivatives with Rating Transitions

NYU Working Paper No. S-CDM-01-07
Number of pages: 33 Posted: 05 Nov 2008
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance
Downloads 80 (506,972)

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Risky debt, Rating Transitions

Pricing Credit Derivatives with Rating Transitions

NYU Working Paper No. FIN-01-035
Number of pages: 33 Posted: 03 Nov 2008
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance
Downloads 65 (571,054)

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Pricing Credit Derivatives with Rating Transitions

Number of pages: 34 Posted: 21 May 2002
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance
Downloads 42 (700,223)
Citation 2
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Risky debt, rating transitions, credit derivatives, credit sensitive note, HJM model

Pricing Credit Derivatives with Rating Transitions

Financial Analysts Journal, 2002
Posted: 09 Mar 2011 Last Revised: 14 Mar 2011
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance

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Pricing Credit Derivatives with Rating Transitions

Financial Analysts Journal, Vol. 58, No. 3 May/June 2002
Posted: 23 Oct 2001
Viral V. Acharya, Viral V. Acharya, Sanjiv Ranjan Das and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Santa Clara University - Leavey School of Business and New York University (NYU) - Department of Finance

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Risky Debt, Rating Transitions, Credit Derivatives, Credit Sensitive Note, HJM Model

11.

Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China

NYU Stern School of Business
Number of pages: 54 Posted: 18 Jun 2019 Last Revised: 06 Oct 2022
Viral V. Acharya, Viral V. Acharya, Jun "QJ" Qian, Yang Su and Zhishu Yang
New York University (NYU) - Leonard N. Stern School of Business, Fanhai International School of Finance, Fudan University, CUHK Business School and Tsinghua University - School of Economics & Management
Downloads 1,846 (15,463)
Citation 24

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Bank deposits, off-balance sheet liabilities, wealth management products, rollover risk, financial fragility

12.

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

Downloads 1,832 (15,620)
Citation 219

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

London Business School IFA Working Paper Series
Number of pages: 50 Posted: 19 Jan 2005
Heitor Almeida, Viral V. Acharya, Viral V. Acharya and Murillo Campello
University of Illinois at Urbana-Champaign, New York University (NYU) - Leonard N. Stern School of Business and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,710 (17,096)
Citation 2

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Risk management, financing frictions, investment, cash savings, debt capacity

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

NBER Working Paper No. w11391
Number of pages: 55 Posted: 06 Jul 2005 Last Revised: 18 Aug 2022
Viral V. Acharya, Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University (NYU) - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 99 (442,281)
Citation 79

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Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

Number of pages: 52 Posted: 26 May 2005
Viral V. Acharya, Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University (NYU) - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 23 (850,629)
Citation 22
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Cash holdings, debt policies, hedging, financing constraints, risk management

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

Journal of Financial Intermediation, Forthcoming
Posted: 30 Apr 2007
Viral V. Acharya, Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University (NYU) - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management

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Risk management, financing frictions, investment, cash policy, debt capacity

13.

The Internal Governance of Firms

Downloads 1,796 (16,076)
Citation 41

The Internal Governance of Firms

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 239/2009
Number of pages: 64 Posted: 28 Feb 2009 Last Revised: 30 Nov 2018
Viral V. Acharya, Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 1,272 (26,652)
Citation 41

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Agency theory, short-termism, corporate governance, dividends, internal organization

The Internal Governance of Firms

NYU Working Paper No. FIN-08-033
Number of pages: 58 Posted: 09 Mar 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 264 (192,002)

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The Internal Governance of Firms

Number of pages: 45 Posted: 20 Dec 2009
Viral V. Acharya, Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 198 (253,394)

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governance, internal

The Internal Governance of Firms

NBER Working Paper No. w15568
Number of pages: 48 Posted: 08 Dec 2009 Last Revised: 15 Jan 2023
Viral V. Acharya, Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 58 (605,317)

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The Internal Governance of Firms

CEPR Discussion Paper No. DP7210
Number of pages: 48 Posted: 07 Apr 2009
Viral V. Acharya, Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 4 (1,037,522)
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Agency theory, Corporate governance, Dividends, Internal organization, Short-termism

14.

Cash Holdings and Credit Risk

Downloads 1,788 (16,190)
Citation 104

Cash Holdings and Credit Risk

Western Finance Association 2008 Meetings Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 123
Number of pages: 46 Posted: 22 Mar 2007 Last Revised: 20 Aug 2012
Viral V. Acharya, Viral V. Acharya, Sergei Davydenko and Ilya A. Strebulaev
New York University (NYU) - Leonard N. Stern School of Business, University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 1,676 (17,618)
Citation 7

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Credit spreads, Default, Liquidity, Precautionary savings

Cash Holdings and Credit Risk

NBER Working Paper No. w16995
Number of pages: 39 Posted: 02 May 2011 Last Revised: 10 Jun 2023
Viral V. Acharya, Viral V. Acharya, Sergei Davydenko and Ilya A. Strebulaev
New York University (NYU) - Leonard N. Stern School of Business, University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 105 (424,149)

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Cash Holdings and Credit Risk

CEPR Discussion Paper No. DP7125
Number of pages: 48 Posted: 18 Feb 2009
Viral V. Acharya, Viral V. Acharya, Sergei Davydenko and Ilya A. Strebulaev
New York University (NYU) - Leonard N. Stern School of Business, University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 7 (1,010,704)
Citation 12
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Credit spreads, Default, Liquidity, Precautionary savings

15.

Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios

Downloads 1,775 (16,364)
Citation 120

Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios

BIS Working Paper No. 118, AFA 2003 Washington, DC Meetings; London Business School, NYU Stern School of Business Working Paper
Number of pages: 61 Posted: 13 Dec 2005
Viral V. Acharya, Viral V. Acharya, Anthony Saunders and Iftekhar Hasan
New York University (NYU) - Leonard N. Stern School of Business, New York University - Leonard N. Stern School of Business and Fordham University
Downloads 1,775 (16,139)
Citation 120

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Focus, Diversification, Monitoring, Bank risk, Bank return

Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios

Posted: 08 Jun 2004
Viral V. Acharya, Viral V. Acharya, Anthony Saunders and Iftekhar Hasan
New York University (NYU) - Leonard N. Stern School of Business, New York University - Leonard N. Stern School of Business and Fordham University

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Focus, Diversification, Monitoring, Bank risk, Bank return

16.

Securitization Without Risk Transfer

Downloads 1,734 (17,015)
Citation 300

Securitization Without Risk Transfer

AFA 2010 Atlanta Meetings Paper
Number of pages: 51 Posted: 22 Mar 2009 Last Revised: 25 Feb 2012
Viral V. Acharya, Viral V. Acharya, Philipp Schnabl and Gustavo Suarez
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
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Citation 10

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Asset-backed commercial paper (ABCP), shadow banking, regulatory arbitrage, bank capital, conduits, Structured investment vehicle

Securitization Without Risk Transfer

NBER Working Paper No. w15730
Number of pages: 59 Posted: 10 Feb 2010 Last Revised: 26 Jun 2022
Viral V. Acharya, Viral V. Acharya, Philipp Schnabl and Gustavo Suarez
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
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Citation 115

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Securitization Without Risk Transfer

CEPR Discussion Paper No. DP8769
Number of pages: 54 Posted: 20 Jan 2012
Viral V. Acharya, Viral V. Acharya, Philipp Schnabl and Gustavo Suarez
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
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Citation 59
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asset-backed commercial paper (ABCP), bank capital, conduits, regulatory arbitrage, shadow banking, structured investment vehicle (SIV)

17.

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

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Citation 99

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

EFA 2009 Bergen Meetings Paper, AFA 2010 Atlanta Meetings Paper
Number of pages: 57 Posted: 14 Mar 2008 Last Revised: 15 Dec 2015
Viral V. Acharya, Viral V. Acharya, Tarun Ramadorai and Lars A. Lochstoer
New York University (NYU) - Leonard N. Stern School of Business, Imperial College London and University of California, Los Angeles (UCLA) - Anderson School of Management
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Citation 5

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Corporate Hedging, Commodity Pricing, Default Risk, Incomplete Markets, Limits to Arbitrage

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 09 Mar 2009 Last Revised: 08 Jan 2013
Viral V. Acharya, Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University (NYU) - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London
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Citation 7

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commodities, hedging, limits to arbitrage, oil and gas, futures

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

NYU Working Paper No. 2451/29543
Number of pages: 57 Posted: 10 Sep 2013
Viral V. Acharya, Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University (NYU) - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London
Downloads 88 (477,909)
Citation 1

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Limits to Arbitrage and Hedging: Evidence from Commodity Markets

NBER Working Paper No. w16875
Number of pages: 57 Posted: 14 Mar 2011 Last Revised: 10 Feb 2023
Viral V. Acharya, Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University (NYU) - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London
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Citation 4

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Limits to Arbitrage and Hedging: Evidence from Commodity Markets

CEPR Discussion Paper No. DP7327
Number of pages: 57 Posted: 15 Jul 2009
Viral V. Acharya, Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University (NYU) - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London
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Citation 17
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Commodities, Futures, Hedging, Limits to Arbitrage

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

NYU Working Paper No. 2451/29543, Columbia Business School Research Paper No. 13-48
Posted: 26 Jun 2013
Viral V. Acharya, Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University (NYU) - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London

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18.

Contract Renegotiation and the Optimality of Resetting Executive Stock Options

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Citation 15

Contract Renegotiation and the Optimality of Resetting Executive Stock Options

Number of pages: 43 Posted: 31 Dec 1998
Viral V. Acharya, Viral V. Acharya, Kose John and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 1,648 (18,068)
Citation 15

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Contract Renegotiation and the Optimality of Resetting Executive Stock Options

NYU Working Paper No. FIN-98-088
Number of pages: 48 Posted: 11 Nov 2008
Viral V. Acharya, Viral V. Acharya, Kose John and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
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19.

Whatever It Takes: The Real Effects of Unconventional Monetary Policy

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Citation 152

Whatever It Takes: The Real Effects of Unconventional Monetary Policy

Number of pages: 94 Posted: 02 Mar 2016 Last Revised: 19 Dec 2018
Viral V. Acharya, Viral V. Acharya, Tim Eisert, Christian Eufinger, Christian W. Hirsch and Christian W. Hirsch
New York University (NYU) - Leonard N. Stern School of Business, Nova School of Business and Economics, IESE Business School and University of FrankfurtLeibniz Institute for Financial Research SAFE
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Citation 183

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Unconventional Monetary Policy, Real Effects, Zombie Lending

Whatever it Takes: The Real Effects of Unconventional Monetary Policy

CEPR Discussion Paper No. DP12005
Number of pages: 83 Posted: 02 May 2017
Viral V. Acharya, Viral V. Acharya, Tim Eisert, Christian Eufinger, Christian W. Hirsch and Christian W. Hirsch
New York University (NYU) - Leonard N. Stern School of Business, Nova School of Business and Economics, IESE Business School and University of FrankfurtLeibniz Institute for Financial Research SAFE
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Citation 5
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Whatever It Takes: The Real Effects of Unconventional Monetary Policy

SAFE Working Paper No. 152
Posted: 25 Oct 2016 Last Revised: 08 May 2017
Viral V. Acharya, Viral V. Acharya, Tim Eisert, Christian Eufinger, Christian W. Hirsch and Christian W. Hirsch
New York University (NYU) - Leonard N. Stern School of Business, Nova School of Business and Economics, IESE Business School and University of FrankfurtLeibniz Institute for Financial Research SAFE

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Unconventional Monetary Policy, Real Effects, Zombie Lending

20.

Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans

Downloads 1,527 (20,656)
Citation 151

Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans

Number of pages: 59 Posted: 01 Jun 2015 Last Revised: 05 Feb 2018
Viral V. Acharya, Viral V. Acharya, Tim Eisert, Christian Eufinger, Christian W. Hirsch and Christian W. Hirsch
New York University (NYU) - Leonard N. Stern School of Business, Nova School of Business and Economics, IESE Business School and University of FrankfurtLeibniz Institute for Financial Research SAFE
Downloads 1,526 (20,312)
Citation 52

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Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans

CEPR Discussion Paper No. DP10108
Number of pages: 60 Posted: 25 Sep 2014
Viral V. Acharya, Viral V. Acharya, Tim Eisert, Christian Eufinger, Christian W. Hirsch and Christian W. Hirsch
New York University (NYU) - Leonard N. Stern School of Business, Nova School of Business and Economics, IESE Business School and University of FrankfurtLeibniz Institute for Financial Research SAFE
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Citation 56
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credit contraction, European sovereign debt crisis, financing constraints, real effects

21.

Competition for Managers and Corporate Governance

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Citation 17

Competition for Managers and Corporate Governance

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 399/2014, AFA 2011 Denver Meetings Paper
Number of pages: 61 Posted: 19 Mar 2010 Last Revised: 26 Nov 2018
Viral V. Acharya, Viral V. Acharya, Marc Gabarro and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business, Erasmus University and Drexel University - Bennett S. LeBow College of Business
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Citation 16

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corporate governance, executive compensation, separate CEO and Chairman.

Competition for Managers, Corporate Governance and Incentive Compensation

AFA 2012 Chicago Meetings Paper
Number of pages: 46 Posted: 19 Mar 2011
Viral V. Acharya, Viral V. Acharya, Marc Gabarro and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business, Erasmus University and Drexel University - Bennett S. LeBow College of Business
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Citation 6

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corporate governance, executive compensation, externalities

Competition for Managers, Corporate Governance and Incentive Compensation

CEPR Discussion Paper No. DP8936
Number of pages: 51 Posted: 25 May 2012
Viral V. Acharya, Viral V. Acharya, Marc Gabarro and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business, Erasmus University and Drexel University - Bennett S. LeBow College of Business
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corporate governance, executive compensation, externalities

22.

Corporate Governance Externalities

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Citation 12

Corporate Governance Externalities

ECGI - Finance Working Paper No. 195/2008
Number of pages: 49 Posted: 20 Dec 2007 Last Revised: 01 Mar 2009
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business
Downloads 1,093 (33,286)
Citation 12

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corporate governance, executive compensation, ownership structure, externality, regulation, governance standards

Corporate Governance Externalities

EFA 2008 Athens Meetings Paper
Number of pages: 45 Posted: 06 Mar 2008 Last Revised: 29 Sep 2008
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business
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corporate governance, executive compensation, ownership structure, externality, regulation, governance standards

Corporate Governance Externalities

CEPR Discussion Paper No. DP6627
Number of pages: 33 Posted: 05 Jun 2008
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business
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Corporate governance, executive compensation, externality, governance standards, ownership structure, regulation

Corporate Governance Externalities

Review of Finance, Vol. 14, Issue 1, pp. 1-33, 2010
Posted: 25 Jan 2010
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business

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G34, J63, K22, K42, L14

23.

A Theory of Income Smoothing When Insiders Know More than Outsiders

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Citation 19

A Theory of Income Smoothing When Insiders Know More than Outsiders

Forthcoming, Review of Financial Studies
Number of pages: 54 Posted: 16 Nov 2011 Last Revised: 24 Mar 2015
Viral V. Acharya, Viral V. Acharya and Bart M. Lambrecht
New York University (NYU) - Leonard N. Stern School of Business and University of Cambridge - Judge Business School
Downloads 813 (50,403)
Citation 1

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payout policy, asymmetric information, under-investment, finance and growth

A Theory of Income Smoothing When Insiders Know More than Outsiders

NYU Working Paper No. 2451/31367
Number of pages: 58 Posted: 15 Dec 2011 Last Revised: 05 Sep 2014
Viral V. Acharya, Viral V. Acharya and Bart M. Lambrecht
New York University (NYU) - Leonard N. Stern School of Business and University of Cambridge - Judge Business School
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payout policy, asymmetric information, under-investment, finance and growth

A Theory of Income Smoothing When Insiders Know More than Outsiders

Number of pages: 51 Posted: 16 Mar 2012
Viral V. Acharya, Viral V. Acharya and Bart M. Lambrecht
New York University (NYU) - Leonard N. Stern School of Business and University of Cambridge - Judge Business School
Downloads 185 (269,585)

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payout policy, asymmetric information, under-investment, accounting quality, finance and growth

A Theory of Income Smoothing When Insiders Know More than Outsiders

NBER Working Paper No. w17696
Number of pages: 51 Posted: 25 Dec 2011 Last Revised: 10 May 2023
Viral V. Acharya, Viral V. Acharya and Bart M. Lambrecht
New York University (NYU) - Leonard N. Stern School of Business and University of Cambridge - Judge Business School
Downloads 37 (735,387)
Citation 9

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A Theory of Income Smoothing When Insiders Know More than Outsiders

CEPR Discussion Paper No. DP8729
Number of pages: 52 Posted: 20 Jan 2012
Viral V. Acharya, Viral V. Acharya and Bart M. Lambrecht
New York University (NYU) - Leonard N. Stern School of Business and University of Cambridge - Judge Business School
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Citation 3
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accounting quality, asymmetric information, measurement error, payout policy, under-investment

24.

Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-09

Foundations and Trends in Finance, Vol. 4, 2010
Number of pages: 90 Posted: 25 Feb 2010
Viral V. Acharya, Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson and Ingo Walter
New York University (NYU) - Leonard N. Stern School of Business, New York University - Leonard N. Stern School of Business, Department of Finance, Leonard N. Stern School of Business, New York University and New York University - Leonard N. Stern School of Business
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Citation 6
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Systemic risk, Capital requirements, Regulatory arbitrage, Moral hazard, Too big to fail, Government guarantees, Originate and distribute, Global Imbalances, Greenspan put

25.

Falling Short of Expectations? Stress-Testing the European Banking System

Downloads 1,212 (29,138)
Citation 29

Falling Short of Expectations? Stress-Testing the European Banking System

Number of pages: 25 Posted: 23 Dec 2013
Viral V. Acharya, Viral V. Acharya and Sascha Steffen
New York University (NYU) - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 912 (42,978)
Citation 37

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AQR, stress tests, banking union, bail-out

Falling Short of Expectations? Stress-Testing the European Banking System

CEPS Policy Brief No. 315
Number of pages: 21 Posted: 21 Jan 2014
Viral V. Acharya, Viral V. Acharya and Sascha Steffen
New York University (NYU) - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 300 (168,210)

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ECB, Asset Quality Review, AQR, European banks, European Banking System

26.

Bank Liquidity and Bubbles: Why Central Banks Should Lean Against Liquidity

NEW PERSPECTIVES ON ASSET PRICE BUBBLES: THEORY, EVIDENCE, AND POLICY, Douglas Evanoff, George Kaufman, and A. G. Malliaris, eds., Oxford University Press, 2012
Number of pages: 16 Posted: 21 Mar 2012
Hassan Naqvi, Viral V. Acharya and Viral V. Acharya
Monash University and New York University (NYU) - Leonard N. Stern School of Business
Downloads 1,212 (29,138)

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Bubbles, Greenspan put, leaning against the wind, monetary policy, moral hazard

27.

Market Failures and Regulatory Failures: Lessons from Past and Present Financial Crises

ADBI Working Paper No. 264
Number of pages: 41 Posted: 08 Feb 2011
Viral V. Acharya, Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson and Ingo Walter
New York University (NYU) - Leonard N. Stern School of Business, New York University - Leonard N. Stern School of Business, Department of Finance, Leonard N. Stern School of Business, New York University and New York University - Leonard N. Stern School of Business
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Citation 15

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global financial crisis, LTCM, market failures, regulation, emerging markets

28.

Cross-Country Variations in Capital Structures the Role of Bankruptcy Codes

Downloads 1,161 (31,042)
Citation 49

Cross-Country Variations in Capital Structures the Role of Bankruptcy Codes

AFA 2005 Philadelphia Meetings, Tuck Contemporary Corporate Finance Issues III Conference Paper
Number of pages: 46 Posted: 21 May 2004 Last Revised: 08 Jan 2009
Viral V. Acharya, Viral V. Acharya, Rangarajan K. Sundaram and Kose John
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 971 (39,311)
Citation 8

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Capital structure, bankruptcy, financial distress, asset specificity, bankruptcy code, bankruptcy costs

Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes

Journal of Financial Intermediation, Forthcoming
Number of pages: 43 Posted: 29 Nov 2009 Last Revised: 27 Jan 2010
Viral V. Acharya, Viral V. Acharya, Rangarajan K. Sundaram and Kose John
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
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Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes

Number of pages: 47 Posted: 15 Jun 2005
Viral V. Acharya, Viral V. Acharya, Kose John and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
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Citation 8
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Leverage, bankruptcy costs, asset-specificity, intangibles, financial distress

29.

Liquidity Risk of Corporate Bond Returns: A Conditional Approach

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Citation 100

Liquidity Risk of Corporate Bond Returns: A Conditional Approach

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 73 Posted: 20 May 2010 Last Revised: 26 Oct 2012
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Sreedhar T. Bharath
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and Arizona State University (ASU) - Finance Department
Downloads 1,035 (35,978)
Citation 3

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Credit Risk, Credit Spreads, Default, Recession, Flight To Liquidity, Liquidity Risk, Regime Switching Model

Liquidity Risk of Corporate Bond Returns: A Conditional Approach

NBER Working Paper No. w16394
Number of pages: 76 Posted: 27 Sep 2010 Last Revised: 19 Apr 2023
Viral V. Acharya, Viral V. Acharya, Yakov Amihud and Sreedhar T. Bharath
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and Arizona State University (ASU) - Finance Department
Downloads 78 (514,704)
Citation 48

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30.

The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle

Downloads 1,103 (33,366)
Citation 126

The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle

Journal of Financial Economics (JFE), Volume 106, Issue 2, November 2012, Pages 349-366, AFA 2011 Denver Meetings Paper
Number of pages: 60 Posted: 17 Mar 2009 Last Revised: 01 Oct 2012
Viral V. Acharya, Viral V. Acharya and Hassan Naqvi
New York University (NYU) - Leonard N. Stern School of Business and Monash University
Downloads 904 (43,490)
Citation 5

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Bubbles, Flight to quality, Moral hazard

The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle

NYU Working Paper No. 2451/29886
Number of pages: 60 Posted: 06 Dec 2010
Viral V. Acharya, Viral V. Acharya and Hassan Naqvi
New York University (NYU) - Leonard N. Stern School of Business and Monash University
Downloads 196 (255,691)

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The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle

CEPR Discussion Paper No. DP8851
Number of pages: 52 Posted: 01 Mar 2012
Viral V. Acharya, Viral V. Acharya and Hassan Naqvi
New York University (NYU) - Leonard N. Stern School of Business and Monash University
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Citation 64
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bubbles, flight to quality, moral hazard

31.

Crisis Resolution and Bank Liquidity

Downloads 1,093 (33,762)
Citation 92

Crisis Resolution and Bank Liquidity

AFA 2009 San Francisco Meetings Paper
Number of pages: 50 Posted: 25 Mar 2008 Last Revised: 11 Nov 2010
Viral V. Acharya, Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 350 (142,642)

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Cash, Cash holdings, Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 22 Jan 2010
Viral V. Acharya, Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 342 (146,289)
Citation 14

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Cash, Cash holdings, Hoarding, Systemic risk, Fire sales

Crisis Resolution and Bank Liquidity

Number of pages: 50 Posted: 08 May 2007 Last Revised: 11 Nov 2010
Viral V. Acharya, Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 206 (244,258)

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Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

NYU Working Paper No. 2451/29540
Number of pages: 66 Posted: 09 Mar 2009 Last Revised: 10 Sep 2013
Viral V. Acharya, Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 130 (362,015)

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Crisis Resolution and Bank Liquidity

NBER Working Paper No. w15567
Number of pages: 50 Posted: 08 Dec 2009 Last Revised: 16 Jul 2023
Viral V. Acharya, Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 65 (571,054)

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32.

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

Downloads 1,061 (35,224)
Citation 41

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

Number of pages: 42 Posted: 29 Sep 2008 Last Revised: 01 Oct 2015
Viral V. Acharya, Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 637 (69,477)
Citation 27

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Competition, Interbank lending, Market power, Asset specificity, Central bank, Lender of last resort

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

INSEAD Working Paper No. 2011/41/FIN
Number of pages: 53 Posted: 25 Mar 2011
Viral V. Acharya, Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 378 (130,896)
Citation 22

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Competition, Interbank Lending, Market Power, Asset Specificity, Central Bank, Lender of Last Resort

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

NYU Working Paper No. 2451/29539
Number of pages: 42 Posted: 26 Jun 2013
Viral V. Acharya, Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 46 (674,285)

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33.

Rollover Risk and Market Freezes

Downloads 1,045 (35,988)
Citation 158

Rollover Risk and Market Freezes

EFA 2009 Bergen Meetings Paper
Number of pages: 60 Posted: 11 Jan 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 708 (60,593)
Citation 3

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financial crisis, credit risk, liquidation cost, repo, secured borrowing, asset-backed commercial paper.

Rollover Risk and Market Freezes

NYU Working Paper No. FIN-08-030
Number of pages: 60 Posted: 09 Mar 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 239 (211,981)
Citation 1

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financial crisis, credit risk, liquidation cost, repo, secured borrowing, asset-backed commercial paper.

Rollover Risk and Market Freezes

NBER Working Paper No. w15674
Number of pages: 44 Posted: 25 Jan 2010 Last Revised: 01 May 2022
Viral V. Acharya, Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 91 (467,816)
Citation 40

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Rollover Risk and Market Freezes

CEPR Discussion Paper No. DP7122
Number of pages: 56 Posted: 18 Feb 2009
Viral V. Acharya, Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
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Citation 46
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asset-backed commercial paper, credit risk, haircut, liquidation cost, repo, secured borrowing

34.

Private Equity vs. PLC Boards in the U.K.: A Comparison of Practices and Effectiveness

ECGI - Finance Working Paper No. 233/2009
Number of pages: 25 Posted: 08 Jan 2009 Last Revised: 30 Mar 2009
Viral V. Acharya, Viral V. Acharya, Conor Kehoe and Michael Reyner
New York University (NYU) - Leonard N. Stern School of Business, McKinsey & Company, Inc. and MWM Consulting
Downloads 1,043 (36,092)
Citation 1

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corporate governance, leveraged buyouts (LBO), management buyouts (MBO), active ownership

35.

The 'Greatest' Carry Trade Ever? Understanding Eurozone Bank Risks

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 29 Apr 2013 Last Revised: 30 Sep 2015
Viral V. Acharya, Viral V. Acharya and Sascha Steffen
New York University (NYU) - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
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Citation 30

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Sovereign debt crisis, banking crisis, risk-shifting, regulatory arbitrage, home bias

36.

Economics with Market Liquidity Risk

Critical Finance Review, special issue on “Liquidity: Replications, Extensions, and Critique”, Forthcoming, NYU Stern School of Business
Number of pages: 15 Posted: 14 Sep 2019
Viral V. Acharya, Viral V. Acharya and Lasse Heje Pedersen
New York University (NYU) - Leonard N. Stern School of Business and AQR Capital Management, LLC
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Citation 1

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liquidity risk, asset pricing, financial crises, monetary policy, macroeconomics

37.

The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, and Lessons for Emerging Markets

ADBI Working Paper 392
Number of pages: 30 Posted: 29 Oct 2012
Viral V. Acharya and Viral V. Acharya
New York University (NYU) - Leonard N. Stern School of Business
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Citation 13

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Dodd-Frank Act, United States, Basel III requirements, macroprudential regulation, finance sector

38.

Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt

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Citation 6

Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt

Number of pages: 46 Posted: 30 Mar 2000
Viral V. Acharya, Viral V. Acharya, Jing-Zhi Huang, Marti G. Subrahmanyam and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Pennsylvania State University - University Park - Department of Finance, New York University (NYU) - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
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Citation 7

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Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt

NYU Working Paper No. FIN-99-048
Number of pages: 46 Posted: 11 Nov 2008
Viral V. Acharya, Viral V. Acharya, Jing-Zhi Huang, Marti G. Subrahmanyam and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Pennsylvania State University - University Park - Department of Finance, New York University (NYU) - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
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Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt

NYU Working Paper No. FIN-01-043
Number of pages: 46 Posted: 03 Nov 2008
Viral V. Acharya, Viral V. Acharya, Jing-Zhi Huang, Marti G. Subrahmanyam and Rangarajan K. Sundaram
New York University (NYU) - Leonard N. Stern School of Business, Pennsylvania State University - University Park - Department of Finance, New York University (NYU) - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
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39.

Analyzing Systemic Risk of the European Banking Sector

Handbook on Systemic Risk, J.P. Fouque and J. Langsam, eds., Cambridge University Press, Forthcoming
Number of pages: 37 Posted: 23 Sep 2012
Viral V. Acharya, Viral V. Acharya and Sascha Steffen
New York University (NYU) - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
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Banks, Systemic risk, Europe

40.

Liquidity Risk and Correlation Risk: A Clinical Study of the General Motors and Ford Downgrade of May 2005

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Citation 34

Liquidity Risk and Correlation Risk: A Clinical Study of the General Motors and Ford Downgrade of May 2005

Number of pages: 66 Posted: 05 Mar 2008 Last Revised: 29 Sep 2008
Viral V. Acharya, Viral V. Acharya, Stephen M. Schaefer and Yili Zhang
New York University (NYU) - Leonard N. Stern School of Business, London Business School - Institute of Finance and Accounting and London Business School
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Citation 55

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market liquidity, funding liquidity, excess co-movement, inventory risk, financial crises

Liquidity Risk and Correlation Risk: A Clinical Study of the General Motors and Ford Downgrade of May 2005

CEPR Discussion Paper No. DP6619
Number of pages: 59 Posted: 09 Jun 2008
Viral V. Acharya, Viral V. Acharya, Stephen M. Schaefer and Yili Zhang
New York University (NYU) - Leonard N. Stern School of Business, London Business School - Institute of Finance and Accounting and London Business School
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excess co-movement, financial crises, funding liquidity, inventory risk, market liquidity

41.

Leverage, Moral Hazard and Liquidity

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Citation 96

Leverage, Moral Hazard and Liquidity

Journal of Finance, Forthcoming
Number of pages: 45 Posted: 17 Dec 2007 Last Revised: 05 Mar 2010
Viral V. Acharya, Viral V. Acharya and S. Viswanathan
New York University (NYU) - Leonard N. Stern School of Business and Duke University - Fuqua School of Business
Downloads 547 (84,180)

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risk-shifting, credit rationing, market liquidity, funding liquidity, fire sales, financial crises, cash-in-the-market pricing

Leverage, Moral Hazard and Liquidity

NYU Working Paper No. 2451/29544
Number of pages: 51 Posted: 08 Feb 2010 Last Revised: 10 Sep 2013
Viral V. Acharya, Viral V. Acharya and S. Viswanathan
New York University (NYU) - Leonard N. Stern School of Business and Duke University - Fuqua School of Business
Downloads 284 (178,234)
Citation 8

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Leverage, Moral Hazard and Liquidity

NBER Working Paper No. w15837
Number of pages: 46 Posted: 29 Mar 2010 Last Revised: 10 Apr 2023
Viral V. Acharya, Viral V. Acharya and S. Viswanathan
New York University (NYU) - Leonard N. Stern School of Business and Duke University - Fuqua School of Business
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42.

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

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Citation 331

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Journal of Finance, Forthcoming
Number of pages: 69 Posted: 19 Jun 2011 Last Revised: 01 Oct 2015
Viral V. Acharya, Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University (NYU) - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 667 (65,469)
Citation 15

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Financial Crises, Sovereign Debt, Credit Default Swaps

A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk

NBER Working Paper No. w17136
Number of pages: 59 Posted: 20 Jun 2011 Last Revised: 29 Apr 2023
Viral V. Acharya, Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University (NYU) - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
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A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

NYU Working Paper No. 2451/31331
Number of pages: 59 Posted: 26 Jun 2013
Viral V. Acharya, Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University (NYU) - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
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A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

CEPR Discussion Paper No. DP8679
Number of pages: 62 Posted: 22 Dec 2011
Viral V. Acharya, Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University (NYU) - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
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Citation 92
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credit default swaps, deleveraging, financial crises, forbearance, growth, sovereign debt

43.

Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights

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Citation 56

Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights

Number of pages: 51 Posted: 04 Apr 2013 Last Revised: 01 Oct 2015
Viral V. Acharya, Viral V. Acharya, Robert F. Engle and Diane Pierret
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Universite du Luxembourg - Luxembourg School of Finance
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Citation 56

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macroprudential regulation, stress test, systemic risk, risk-weighted assets

Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights

NBER Working Paper No. w18968
Number of pages: 45 Posted: 20 Apr 2013 Last Revised: 01 May 2022
Viral V. Acharya, Viral V. Acharya, Robert F. Engle and Diane Pierret
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Universite du Luxembourg - Luxembourg School of Finance
Downloads 69 (552,490)
Citation 1

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Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights

CEPR Discussion Paper No. DP9431
Number of pages: 48 Posted: 16 Apr 2013
Viral V. Acharya, Viral V. Acharya, Robert F. Engle and Diane Pierret
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Universite du Luxembourg - Luxembourg School of Finance
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macroprudential regulation, risk-weighted assets, stress test, systemic risk

Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights

CEPR Discussion Paper No. DP9800
Number of pages: 51 Posted: 02 Jun 2014
Viral V. Acharya, Viral V. Acharya, Robert F. Engle and Diane Pierret
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Universite du Luxembourg - Luxembourg School of Finance
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Citation 1
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macroprudential regulation, risk-weighted assets, stress test, systemic risk

44.

Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets

Number of pages: 72 Posted: 11 Oct 2022 Last Revised: 28 Mar 2023
Viral V. Acharya, Viral V. Acharya, Rahul Singh Chauhan, Raghuram G. Rajan and Sascha Steffen
New York University (NYU) - Leonard N. Stern School of Business, University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and Frankfurt School of Finance & Management
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Federal Reserve, quantitative easing, large-scale asset purchases, quantitative tightening, Fed normalization, deposits, lines of credit, financial stability, financial fragility, monetary policy

45.

Lender of Last Resort, Buyer of Last Resort, and a Fear of Fire Sales in the Sovereign Bond Market

ZEW - Centre for European Economic Research Discussion Paper No. 16-019, Swiss Finance Institute Research Paper No. 18-35
Number of pages: 67 Posted: 12 Apr 2016 Last Revised: 28 Dec 2020
Viral V. Acharya, Viral V. Acharya, Diane Pierret and Sascha Steffen
New York University (NYU) - Leonard N. Stern School of Business, Universite du Luxembourg - Luxembourg School of Finance and Frankfurt School of Finance & Management
Downloads 762 (55,671)
Citation 6

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Bank-sovereign nexus, ECB, financial stability, unconventional monetary policy

46.

Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity

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Citation 3

Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity

Number of pages: 57 Posted: 11 Jan 2022 Last Revised: 16 Aug 2023
Viral V. Acharya, Viral V. Acharya and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business and University of Chicago - Booth School of Business
Downloads 365 (136,621)

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Quantitative easing, Central bank balance sheet, Financial stability, Repo rate spike, Liquidity hoarding, Liquidity dependence, Margin requirements, Capital requirements

Liquidity, Liquidity Everywhere, Not a Drop to Use: Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-19
Number of pages: 57 Posted: 26 Jan 2022 Last Revised: 18 Aug 2023
Viral V. Acharya, Viral V. Acharya and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business and University of Chicago - Booth School of Business
Downloads 360 (139,594)

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Liquidity, Liquidity Everywhere, Not a Drop to Use – Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity

NBER Working Paper No. w29680
Number of pages: 66 Posted: 24 Jan 2022 Last Revised: 16 Apr 2023
Viral V. Acharya, Viral V. Acharya and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business and University of Chicago - Booth School of Business
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Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity

CEPR Discussion Paper No. DP16907
Number of pages: 68 Posted: 04 Feb 2022 Last Revised: 27 May 2022
Viral V. Acharya, Viral V. Acharya and Raghuram G. Rajan
New York University (NYU) - Leonard N. Stern School of Business and University of Chicago - Booth School of Business
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Capital requirements, central bank balance sheet, Financial Stability, Liquidity dependence, liquidity hoarding, Margin Requirements, Quantitative easing, Repo rate spike

47.

More Insiders, More Insider Trading: Evidence from Private Equity Buyouts

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Citation 36

More Insiders, More Insider Trading: Evidence from Private Equity Buyouts

Number of pages: 57 Posted: 14 Dec 2007 Last Revised: 01 Dec 2009
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson and Timothy C. Johnson
New York University (NYU) - Leonard N. Stern School of Business and University of IllinoisLondon Business School
Downloads 535 (86,551)
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asymmetric information, LBO, private equity, regulation

More Insiders, More Insider Trading: Evidence from Private Equity Buyouts

Journal of Financial Economics, Forthcoming
Number of pages: 57 Posted: 29 Nov 2009
Viral V. Acharya, Viral V. Acharya and Timothy C. Johnson
New York University (NYU) - Leonard N. Stern School of Business and University of Illinois at Urbana-Champaign
Downloads 179 (277,512)

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asymmetric information, LBO, private equity, regulation

More Insiders, More Insider Trading: Evidence from Private Equity Buyouts

CEPR Discussion Paper No. DP6622
Number of pages: 54 Posted: 05 Jun 2008
Viral V. Acharya, Viral V. Acharya and Timothy C. Johnson
New York University (NYU) - Leonard N. Stern School of Business and University of Illinois at Urbana-Champaign
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Citation 9
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asymmetric information, LBO, private equity, regulation

48.

SVB and Beyond: The Banking Stress of 2023

Number of pages: 261 Posted: 07 Aug 2023 Last Revised: 09 Aug 2023
Viral V. Acharya, Viral V. Acharya, Matthew P. Richardson, Kermit L. Schoenholtz, Bruce Tuckman, Richard Berner, Stephen G. Cecchetti, Stephen G. Cecchetti, Sehwa Kim, Seil Kim, Thomas Philippon, Stephen G. Ryan, Alexi Savov, Philipp Schnabl, Lawrence J. White and Lawrence J. White
New York University (NYU) - Leonard N. Stern School of Business, Department of Finance, Leonard N. Stern School of Business, New York University, New York University - Stern School of Business - Department of Economics, New York University (NYU) - Leonard N. Stern School of Business, Leonard N. Stern School of Business, NYU, National Bureau of Economic Research (NBER)Brandeis International Business School, Columbia University - Columbia Business School, Baruch College, City University of New York, New York University (NYU) - Department of Finance, New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Leonard N. Stern School of Business, Department of EconomicsStern School of Business, New York University
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Regional Banking Crisis, Uninsured Deposits, Bank Runs, Silicon Valley Bank, Signature Bank, First Republic Bank, Interest Rate Risk Management, Stagflation Stress Test, Deposit Insurance, Mark to Market Accounting, Federal Home Loan Banks, Bank Supervision

49.

The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios

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Citation 7

The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios

NYU Working Paper No. FIN-01-060
Number of pages: 25 Posted: 03 Nov 2008
Viral V. Acharya, Viral V. Acharya, Iftekhar Hasan and Anthony Saunders
New York University (NYU) - Leonard N. Stern School of Business, Fordham University and New York University - Leonard N. Stern School of Business
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Banking, Focus, Diversification, Monitoring, Bank risk, Bank return

The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios

NYU Working Paper No. S-FI-01-11
Number of pages: 25 Posted: 11 Nov 2008
Viral V. Acharya, Viral V. Acharya, Iftekhar Hasan and Anthony Saunders
New York University (NYU) - Leonard N. Stern School of Business, Fordham University and New York University - Leonard N. Stern School of Business
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The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios

CEPR Discussion Paper No. 3252
Number of pages: 49 Posted: 16 Apr 2002
Viral V. Acharya, Viral V. Acharya, Anthony Saunders and Iftekhar Hasan
New York University (NYU) - Leonard N. Stern School of Business, New York University - Leonard N. Stern School of Business and Fordham University
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Focus, diversification, monitoring, bank risk, bank return

50.

Too Many to Fail - An Analysis of Time-Inconsistency in Bank Closure Policies

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Citation 226

Too Many to Fail - An Analysis of Time-Inconsistency in Bank Closure Policies

Bank of England Working Paper No. 319, London Business School IFA Working Paper
Number of pages: 54 Posted: 05 Mar 2005
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business and Koc University
Downloads 664 (65,974)
Citation 150

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Bank regulation, systemic risk, bailout, moral hazard, herding, too big to fail

Too Many to Fail - an Analysis of Time Inconsistency in Bank Closure Policies

Number of pages: 32 Posted: 06 Mar 2005
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business and Koc University
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Citation 23
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Bank regulation, systemic risk, bailout, moral hazard, herding

Too Many to Fail - an Analysis of Time-Inconsistency in Bank Closure Policies

Journal of Financial Intermediation, Forthcoming
Posted: 22 Aug 2006
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
New York University (NYU) - Leonard N. Stern School of Business and Koc University

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Bank regulation, systemic risk, bailout, moral hazard, herding, too big to fail

51.

Financial Dependence and Innovation: The Case of Public versus Private Firms

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Citation 86

Financial Dependence and Innovation: The Case of Public versus Private Firms

Journal of Financial Economics (JFE), Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 400/2014
Number of pages: 65 Posted: 02 Dec 2013 Last Revised: 20 Nov 2018
Viral V. Acharya, Viral V. Acharya and Zhaoxia Xu
New York University (NYU) - Leonard N. Stern School of Business and UNSW Australia Business School, School of Banking and Finance
Downloads 645 (68,405)
Citation 43

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Private Firms, Public Firms, Innovation, R&D, Finance and Growth, Financial Constraints

Financial Dependence and Innovation: The Case of Public Versus Private Firms

NBER Working Paper No. w19708
Number of pages: 63 Posted: 10 Dec 2013 Last Revised: 08 May 2023
Viral V. Acharya, Viral V. Acharya and Zhaoxia Xu
New York University (NYU) - Leonard N. Stern School of Business and UNSW Australia Business School, School of Banking and Finance
Downloads 38 (728,198)
Citation 43

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Financial Dependence and Innovation: The Case of Public Versus Private Firms

CEPR Discussion Paper No. DP9829
Number of pages: 74 Posted: 02 Jun 2014 Last Revised: 04 Jun 2014
Viral V. Acharya, Viral V. Acharya and Zhaoxia Xu
New York University (NYU) - Leonard N. Stern School of Business and UNSW Australia Business School, School of Banking and Finance
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Citation 1
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finance and growth, financial constraints, innovation, private firms, public firms, R&D

52.

Banks’ Financial Reporting and Financial System Stability

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