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Giorgo Sertsios

University of Wisconsin Milwaukee

Associate Professor

2442 E. Kenwood Blvd.

Milwaukee, WI 53201-0729

United States

  • University of Wisconsin Milwaukee

SCHOLARLY PAPERS

17

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4,659

TOTAL CITATIONS
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Top 10,585

in Total Papers Citations

105

Scholarly Papers (17)

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1.

The Effects of Going Public on Firm Profitability and Strategy

Downloads 898 (67,702)

The Effects of Going Public on Firm Profitability and Strategy

Tuck School of Business Working Paper No. 3830690
Number of pages: 65 Posted: 21 Apr 2021 Last Revised: 27 Mar 2023
Borja Larrain, Gordon M. Phillips, Giorgo Sertsios and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, Dartmouth College - Tuck School of Business, University of Wisconsin Milwaukee and City University London
Downloads 806 (77,071)

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IPOs, Profitability, Commercialization, Instrumental Variables, Selection, Treatment

The Effects of Going Public on Firm Performance and Commercialization Strategy: Evidence from International Ipos

NBER Working Paper No. w29219
Number of pages: 64 Posted: 13 Sep 2021 Last Revised: 04 May 2023
Borja Larrain, Gordon M. Phillips, Giorgo Sertsios and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, Dartmouth College - Tuck School of Business, University of Wisconsin Milwaukee and City University London
Downloads 92 (749,143)

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2.

Profitability and financial leverage: Evidence from a quasi-natural experiment

Number of pages: 52 Posted: 23 Oct 2017 Last Revised: 14 Dec 2021
Davidson Heath and Giorgo Sertsios
University of Utah - David Eccles School of Business and University of Wisconsin Milwaukee
Downloads 534 (133,728)
Citation 2

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profits-leverage puzzle, trademarks, product markets, capital structure, customer-supplier relations, market power

3.

How Do Firm Financial Conditions Affect Product Quality and Pricing?

Downloads 425 (172,704)
Citation 36

How Do Firm Financial Conditions Affect Product Quality and Pricing?

AFA 2011 Denver Meetings Paper, Robert H. Smith School Research Paper No. RHS RHS-06-141
Number of pages: 50 Posted: 16 Mar 2010 Last Revised: 18 Feb 2011
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and University of Wisconsin Milwaukee
Downloads 368 (201,111)
Citation 8

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Financial Distress, Bankruptcy, Product Quality, Pricing, Airlines

How Do Firm Financial Conditions Affect Product Quality and Pricing?

NBER Working Paper No. w17233
Number of pages: 56 Posted: 24 Jul 2011 Last Revised: 02 Feb 2023
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and University of Wisconsin Milwaukee
Downloads 57 (1,017,159)
Citation 28

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4.

The Effects of Losing Business Group Affiliation

Forthcoming Review Financial Studies
Number of pages: 72 Posted: 09 May 2016 Last Revised: 19 Apr 2018
Borja Larrain, Giorgo Sertsios and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, University of Wisconsin Milwaukee and City University London
Downloads 378 (198,305)
Citation 8

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Business groups; conglomerates; internal capital markets

5.

How Do Foreign Labor Regulations Affect Firms’ Operating Strategies?

Journal of Financial and Quantitative Analysis
Number of pages: 63 Posted: 14 Jul 2020 Last Revised: 03 Jan 2024
S. Katie Moon and Giorgo Sertsios
University of Colorado at Boulder - Leeds School of Business and University of Wisconsin Milwaukee
Downloads 327 (233,602)

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Offshoring, Labor Rigidity, Operating Leverage, Financial Leverage

6.

Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs

Forthcoming, Management Science
Number of pages: 76 Posted: 20 May 2020 Last Revised: 12 Jun 2023
Borja Larrain, Peter Roosenboom, Giorgo Sertsios and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, Rotterdam School of Management, Erasmus University, University of Wisconsin Milwaukee and City University London
Downloads 314 (253,118)

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ownership; firm value; instrumental variables; IPOs

7.

Financing and New Product Decisions of Private and Publicly Traded Firms

Downloads 251 (308,710)
Citation 26

Financing and New Product Decisions of Private and Publicly Traded Firms

Forthcoming, Review of Financial Studies
Number of pages: 69 Posted: 08 Jul 2014 Last Revised: 04 Oct 2016
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and University of Wisconsin Milwaukee
Downloads 213 (359,157)
Citation 26

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Public vs Private, Financing, Product Introductions, Quasi-Natural Experiment

Financing Decisions and Product Introductions of Private and Publicly Traded Firms

NBER Working Paper No. w20578
Number of pages: 53 Posted: 15 Oct 2014 Last Revised: 25 Mar 2023
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and University of Wisconsin Milwaukee
Downloads 38 (1,267,060)

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8.

Capital Structure under Collusion

Downloads 230 (334,744)
Citation 5

Capital Structure under Collusion

Journal of Financial Intermediation, Forthcoming
Number of pages: 42 Posted: 01 Dec 2016 Last Revised: 04 Nov 2019
Daniel Ferrés, Gaizka Ormazabal, Paul Povel and Giorgo Sertsios
Universidad de Montevideo, University of Navarra, IESE Business School, University of Houston - Department of Finance, C.T. Bauer College of Business and University of Wisconsin Milwaukee
Downloads 225 (338,459)
Citation 3

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Capital Structure; Financial Leverage; Collusion; Cartels

Capital Structure Under Collusion

CEPR Discussion Paper No. DP12151
Number of pages: 63 Posted: 25 Jul 2017
Daniel Ferrés, Gaizka Ormazabal, Paul Povel and Giorgo Sertsios
Universidad de Montevideo, University of Navarra, IESE Business School, University of Houston - Department of Finance, C.T. Bauer College of Business and University of Wisconsin Milwaukee
Downloads 5 (1,646,315)
Citation 2

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Capital Structure, cartels, Collusion, Financial Leverage, Financial Policies, Trigger Strategies

9.

Boom and Gloom

Journal of Finance, Forthcoming
Number of pages: 68 Posted: 19 Jun 2015
Paul Povel, Giorgo Sertsios, Renata Kosova and Praveen Kumar
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Wisconsin Milwaukee, Imperial College London and University of Houston - Department of Finance
Downloads 207 (369,861)

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Investment cycles, booms, herding, competition, imitation

10.

Getting to Know Each Other: The Role of Toeholds in Acquisitions

Number of pages: 50 Posted: 16 Nov 2012 Last Revised: 06 Nov 2013
Paul Povel and Giorgo Sertsios
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Wisconsin Milwaukee
Downloads 186 (415,884)
Citation 8

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Mergers & Acquisitions, Takeovers, Toeholds, Auctions

11.

No Margins, No Mission: The Effects of Immigration on the Hospital Sector

Number of pages: 79 Posted: 06 May 2025 Last Revised: 27 May 2026
Katharina Lewellen, Giorgo Sertsios and Jiadi Xu
Dartmouth College - Tuck School of Business, University of Wisconsin Milwaukee and University of Wisconsin - Milwaukee - Department of Finance
Downloads 180 (461,984)

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Immigration, Hospitals, Nonprofits, Investment, M&A

12.

Boom and Gloom

Number of pages: 53 Posted: 29 Mar 2013 Last Revised: 03 May 2014
Renata Kosova, Praveen Kumar, Paul Povel and Giorgo Sertsios
Imperial College London, University of Houston - Department of Finance, University of Houston - Department of Finance, C.T. Bauer College of Business and University of Wisconsin Milwaukee
Downloads 167 (454,356)
Citation 5

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Investment cycles, booms, herding, competition

13.

Control Without Ownership: Governance of Nonprofit Hospitals

Downloads 147 (518,102)

Control Without Ownership: Governance of Nonprofit Hospitals

Tuck School of Business Working Paper Forthcoming
Number of pages: 103 Posted: 01 Aug 2025 Last Revised: 17 Nov 2025
Katharina Lewellen, Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business, Dartmouth College - Tuck School of Business and University of Wisconsin Milwaukee
Downloads 128 (582,609)

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Corproate governace, nonprofits, Hospitals

Control Without Ownership: Governance of Nonprofit Hospitals

NBER Working Paper No. w34132
Number of pages: 104 Posted: 18 Aug 2025
Katharina Lewellen, Gordon Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business, Dartmouth College - Tuck School of Business and University of Wisconsin Milwaukee
Downloads 19 (1,525,626)

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14.

An Empirical Analysis of Self-Enforcement Mechanisms: Evidence from Hotel Franchising

Management Science, Forthcoming
Number of pages: 46 Posted: 09 May 2016
Renata Kosova and Giorgo Sertsios
Imperial College London and University of Wisconsin Milwaukee
Downloads 142 (521,245)
Citation 7

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Relational Contracts; Self-Enforcing Agreements; Hotels; Franchising

15.

An Experimental Analysis of Risk Shifting Behavior

Review of Corporate Finance Studies, Forthcoming
Number of pages: 47 Posted: 13 Jul 2014 Last Revised: 04 Aug 2016
Pablo Hernandez-Lagos, Paul Povel and Giorgo Sertsios
New York University, Abu Dhabi, University of Houston - Department of Finance, C.T. Bauer College of Business and University of Wisconsin Milwaukee
Downloads 142 (524,371)
Citation 8

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Experimental Corporate Finance, Risk Shifting, Asset Substitution

16.

The Disruptive Effect of Failed Acquisition Attempts

Number of pages: 73 Posted: 05 May 2025 Last Revised: 30 Jul 2025
Borja Larrain, Augusto Orellana and Giorgo Sertsios
Pontificia Universidad Catolica de Chile, Pontificia Universidad Catolica de Chile and University of Wisconsin Milwaukee
Downloads 131 (565,439)

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M&As, International Acquisitions, Instrumental Variables. JEL Codes: G32, G34

17.

Bonding Through Investments: Evidence from Franchising

Posted: 02 Aug 2010 Last Revised: 19 Nov 2013
Giorgo Sertsios
University of Wisconsin Milwaukee

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Up-front Investments, Empirical Relational Contracts, Agency Conflicts, Franchising